104 Ethereum whale wallets now hold at least 100,000 ETH, accounting for 57.35% of all existing ETH, valued at approximately $333.1 billion. This marks an all-time high for the top-tier investors, showing significant accumulation of Ethereum at a time when the asset is experiencing volatility.

Interestingly, wallets holding between 100K and 100 ETH represent only 33.46% of the total ETH supply, the lowest in history. Additionally, smaller wallets holding less than 100 ETH have dropped to a near four-year low of 9.19% of the supply.

This shift is seen as a generally bullish signal for the cryptocurrency market, especially for long-term Ethereum holders. While decentralized finance (DeFi) and staking wallets now make up a larger portion of Ethereum’s market cap, the ongoing accumulation by whales suggests a strong belief in Ethereum’s future growth potential, signaling optimism for the asset’s longevity.

Jeremy Rubin released a proposal two weeks ago titled Un’FE’d Covenants (FE = Functional Encryption). Given the ongoing debate over covenant proposals for Bitcoin the last year or two, his proposal marks a new practical option. All covenant proposals so far require a soft fork (actual opcodes), the development and implementation of unproven cryptography (Functional Encryption), or an absurdly high monetary cost to use (ColliderScript).

Jeremy’s proposal requires no softforks, and does not impose a burdensome and impractical cost on users to utilize. The trade off for that capability is a radically different security model. By using a system of oracles, and BitVM based bonds capable…

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On December 16, 2024, the daily net flow of U.S. Bitcoin ETFs indicated strong positive movements, showcasing increased investor confidence. Leading the inflows, BlackRock’s Bitcoin ETF (Ticker: IBIT) added a significant 3,867 BTC to its holdings. Fidelity’s Bitcoin ETF (Ticker: FBTC) also saw a substantial increase, gaining 590 BTC.

Other funds experiencing positive net inflows included Grayscale’s BTC fund (Ticker: BTC) with 1,107 BTC, ARK’s Bitcoin ETF (Ticker: ARKB) which added 280 BTC, and Bitwise (Ticker: BITB) with an increase of 327 BTC. Invesco Galaxy’s (Ticker: BTCO) also reported a healthy gain of 244 BTC.

However, Grayscale’s GBTC (Ticker: GBTC) faced a net outflow, losing 493 BTC, while VanEck’s (Ticker: HODL) and Valkyrie’s (Ticker: BRRR) funds showed no change in their holdings.

Overall, the total Bitcoin holdings of these ETFs reached 1,128,066 BTC, with a total net increase of 5,922 BTC for the day, valued at approximately $626.6 million. This activity underscores a day marked by significant net inflows and vibrant trading activity in the U.S. Bitcoin ETF market.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Bitcoin’s market presence is strengthening as major institutions and crypto enthusiasts rally behind it. On December 16, 2024, Semler Scientific, a leader in medical technology, significantly expanded its BTC portfolio with a $21.5 million investment for 211 BTC, as confirmed by chairman Eric Semler. This strategic move aligns with their robust treasury strategy, following MicroStrategy’s massive acquisition of 15,350 BTC.

The company’s recent purchase, priced at $101,890 per BTC, builds on a lucrative quarter, yielding a 67.00% return and a striking 92.8% since May 2024. This aggressive investment strategy showcases Bitcoin’s potential as a stable asset for corporate treasuries, bolstering investor confidence across the sector.

With this acquisition, Semler Scientific’s total BTC count climbs to 2,084, costing an average of $80,916 each. This aggressive accumulation over the past two months underscores a broader trend: as more giants like Semler bet big on Bitcoin, its market value continues to climb, signaling a robust future for cryptocurrencies.

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