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ETHEREUM is well on its way to becoming one of the most productive assets in the world

The Ethereum blockchain began in 2015, offering 72M $ETH to over 10,000 #Bitcoin  addresses who participated in the ICO.

Fast forward to today, there is now 118M $ETH from block rewards across 135,734,686 recorded wallet addresses.

Of the initial ICO participants:

-81% of these wallets have only 1% of their initial balances or less

-9.5% have an unchanged balance (lost?)

-only 64 have actually increased their ETH holdings

A large majority of ETH is placed in smart contracts on the network. To be exact, it’s upwards of 26.86% of the supply of ETH.

That’s about 31,825,848 ETH, or $143B.

This is significant not only because of the mere size, but for what they are being used in…

These are decentralized applications that power virtual economies, stable coins, and many other things home to Ethereum.

Of that 26.86% in smart contracts, 77% is locked in DeFi.

That’s an astounding 24.5M ETH, representing 20.67% of the total supply.

Still not impressed? Let’s talk about exchanges next.

The supply of $ETH on exchanges is reaching levels near three year lows, a trend that has been continuing since late 2020.

According to Glassnode, exchange balances for ETH have recently hit as low as just 14,246,767 ETH…

That’s about 12% the total supply of ETH, a figure down from 17.3% at the start of the year

Low exchange balances suggest that investors do not have any plans to sell, driving illiquidity & volatility further into the mix

Next we can take a look at staking…

With the ETH 2.0 deposit contract amassing upwards of 8,394,818 ETH, months before launch.

That’s 7.08% of the ETH supply, and this is expected to grow significantly as APY increases following the merge, with transaction fees going to validators.

So… what do we have so far?

We’ve covered the amount of ETH in smart contracts, the amount locked in DeFi, ETH held across exchanges, and the total that is staked, combined making up around 45.94% of all ETH in existence.

What’s next? This is where things get even more interesting…

Did you know, more than 50% of the supply of ETH hasn’t moved in over a year?

The further we go back, the smaller this number gets.

As little as 20% of the supply has been recorded as being active since October of 2017

It’s fair to say the actual circulating supply of ETH is a lot lower than commonly believed.

This will be even more evident with EIP-1559 burning a mind-blowing 1,016,743 ETH in just three months since being initiated.

That is nearly 1% of the entire total supply burnt.

What about layer two?

There’s quite a bit of ETH there, as well. In fact, there is a respectable 5,807,590 ETH bridged on to layer two networks…

which is about 4.9% of the total supply of ETH

As rollups continue to develop we can expect this number to grow exponentially

Let’s now talk about people using Bitcoin on Ethereum.

Bitcoin holders are wrapping their coins on to Ethereum to participate in DeFi at a tremendous rate

As of this writing, there are 312,566 #Bitcoin on Ethereum. That’s a shocking 1.4% the total supply of BITCOIN.

& I haven’t even mentioned NFTs yet, which are breaking records every day

If we took just the floor price of bored apes, land in $SAND, and crypto punks we would reach the combined valuation of $6.38B (at current floor price)

That’s roughly 1,409,944 ETH, or 1.18% of all ETH

When you also start to consider the fact that there are 13,636 dApps, and more than 300,000 ERC20’s deployed on the network, I think you’ll start to get what I mean by a “𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘪𝘷𝘦 𝘢𝘴𝘴𝘦𝘵”

Let’s recap…

We have:

smart contracts – 26.86%
exchange balance – 6.8% supply decrease
staking – 7.08%
dormant (lost) – ~20%
eip-1559 – 4% (annually)
layer two – 4.9%
btc on eth – 3.45%
nfts – 1.18%

That’s about 74.27% of the supply we can expect to HODL, & likely an underestimate.

My point of these statistics weren’t to just shill ETH, but to point out the very simple laws of supply & demand at play.

Blockspace on ETH is highly sought after, & new users are joining the network every day.

Layer two will only help to onboard millions of users with low fees

We are very quickly moving from the mindset of “I buy ETH because it appreciates,” to the mindset of “I buy ETH to do things.” @croissanteth

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I think real estate will have been a poor investment 20y+ from now.
Some reasons why

1) Options

Our parents’ generation had one asset class to invest in: their home.

Coming generations will have a lot more options available to them. Stocks are much more available now, and crypto + metaverse assets will add tons of new assets.

So RE has a lot more competition.

2) Politics

With rising inequality, RE ownership will likely get more concentrated.

If >50% rent (rather than own), politicians will pander to their wishes.

Pro-tenant policies will make it less attractive to own property.

3) Population growth

The “always up” mindset of property prices has been accompanied by an insane population growth.

This will slow down over the next decades.

Less people growth, less growth in demand for housing (ceteris paribus).

4) Leverage

Buying a home has been the only way to get cheap leverage on an investment.

If you have $100k in savings, banks can offer (at least) $400k in a mortgage, giving you 5x leverage at ultra-low interest rates.

This is changing.

You can already collateralize crypto. For many reasons it’s a vastly superior asset to use as collateral, and it’ll only get better.

Over time this means the RE advantage of leverage faces more competition. (Similar to the 1st point.)

5) Mobility

Coming generations will move around more, which means owning a home is less appealing (except for rental income).

Homeowners age is at ATH by the way.

In summary:

I expect the “always up” trend of property prices to meet its end in our lifetime – possibly sooner than most think.

Alex Svanevik

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European Central Bank (ECB) to step up oversight of cryptocurrency payments

The governing council of the European Central Bank (ECB) approved expanding oversight of electronic payments to cover cryptocurrency transfers and digital token payments.

📌 According to a press release issued by the ECB on Monday, the new policy is part of the central bank’s updated framework for Eurosystem electronic payment instruments, schemes and mechanisms (PISA).

📌 The ECB plans to use the new PISA framework to oversee companies in the electronic payments industry, focusing on market segments such as electronic money transfers, digital payment tokens and e-wallets.

“The PISA framework will cover services related to cryptoassets, such as the acceptance of cryptoassets by merchants as part of card payments and the ability to send and receive cryptoassets through an e-wallet,” the statement said.

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$ 10.5 billion tokens stolen from DeFi platforms in 2021

Analyst firm Elliptic reports that crime-related losses in the DeFi market have increased sevenfold this year.

📌 Losses due to thefts and hacks on DeFi platforms amounted to more than $ 10.5 billion since the beginning of the year (as of November 9), which is 600% more than $ 1.5 billion in 2020. DApps suffered the most losses on Ethereum – losses amounted to $ 8.6 billion. The projects on Binance Smart Chain (BSC) were slightly less affected – $ 2.5 billion.

📌 Elliptic Chief Scientist Tom Robinson believes that criminals go where there is most money and weak defense.

 “The DeFi ecosystem is an incredibly exciting and fast-paced space where financial services innovation is happening at the speed of light. This attracts large sums of capital to projects that are not always reliable or well tested. Criminals see the opportunity and seize it. “

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Tokenised Platforms Project in the last years, ICO and today evaluation 2021

BNB: $15mm ICO -> $109bn today
SOL: $25mm sales -> $72bn today
ADA: $80mm sales -> $68bn today
DOT: $250mm sales -> $46bn today
LUNA: $35mm sales -> $23bn today
AVAX: $60mm sales -> $21bn today
LINK: $32mm ICO -> $15bn today

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Miami Mayor Francis Suarez said he will soon allow city residents to earn bitcoins through MiamiCoin steaming

Miami mayor will allow city residents to earn bitcoins

“We’re going to be the first city in America to provide its residents with bitcoin income as a dividend.”

📌 The yield comes from the steaming of the city’s own cryptocurrency, MiamiCoin, which was created earlier this year and has generated more than $21 million in revenue for Miami in the past three months.

📌 Suarez said that if you take those revenues out on an annualized basis, they would amount to about one-fifth of Miami’s total annual tax revenue of $400 million.

📌 According to the mayor, the payment will be made through a digital wallet, and the city will work with various cryptocurrency exchanges.

Suarez promised that this approach would eliminate the need for Miami residents to pay taxes, which is revolutionary.

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Bitcoin Analysis, Leverage Ratios, Funding Rates, Funds Flow, Profit Percent

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Ethereum burned, USD equivalent, Fees earned, Average Gas Price, ETH emission rate

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Massive coordinated attack in the international online media with the target of lowering the price for crypto assets

Keyword “gyrations” appearing simultaneously on multiple news portals: