Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Pepe: Market Cap of $6.0 Billion.
  2. Bitcoin: Market Cap of $1.3 Trillion.
  3. Toncoin: Market Cap of $17.4 Billion.

MIDCAP COINS:

  1. Notcoin: Market Cap of $2.1 Billion.
  2. Gorilla: Market Cap of $5.1 Million.
  3. Apu Apustaja: Market Cap of $197 Million.

RISING COINS:

  1. PeiPei: Market Cap of $28.0 Million.
  2. Trog: Market Cap of $29.8 Million.
  3. Non-Playable Coin: Market Cap of $134 Million.

Disclaimer: Market capitalizations 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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What is Bitcoin? You don’t know and you can’t explain it!

Bitcoin is digital gold.

Bitcoin is an inflation hedge.

Bitcoin is money.

Bitcoin is a technology.

Bitcoin is software.

Bitcoin is hope.

Bitcoin is an electrical system.

Bitcoin is a heating system.

The reality is that all of them are wrong, in the sense that all of them are just a partial description of what Satoshi Nakamoto started. That second word, “is,” is where the problem is. Even though Bitcoin is all of them, if you say only one of them, you are limiting your understanding of it. The only true answer: Bitcoin is Bitcoin. We have to realize all the properties that Bitcoin has and describe it as such without putting a limit on it. Because the person who says Bitcoin is an inflation…

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LATEST: Bitcoin Holders With Over 1,000 BTC Own 40% of Supply

Recent data from IntoTheBlock reveals a significant shift in the Bitcoin landscape. Since mid-March, large-scale holders, often referred to as “whales,” have been increasing their stakes in Bitcoin. These investors, who hold over 1,000 BTC each, are now a dominant force in the market.

The cumulative holdings of these large addresses have surpassed the 40% threshold of the total Bitcoin supply. This marks a notable concentration of Bitcoin in the hands of fewer, albeit larger, investors.

This trend underscores a growing confidence among major stakeholders in the potential long-term value of Bitcoin. As these substantial players continue to accumulate more Bitcoin, their influence over the market’s dynamics and future direction strengthens, hinting at a bullish outlook for the cryptocurrency’s ecosystem.

IntoTheBlock

Taking Bitcoin Mainstream, One Stream At A Time On Wavlake

Founders: Sam Means and Michael Rhee

Date Founded: 2022

Location of Headquarters: Chicago,IL; New York, NY and Phoenix, AZ

Amount of Bitcoin Held in Treasury: N/A

Number of Employees: 3

Website: https://wavlake.com/

Public or Private? Private

Sam Means is bringing the DIY spirit of punk rock to Bitcoin.

Means, co-founder of Wavlake, a music streaming platform that employs both Bitcoin’s Lightning Network and Nostr, has been innovating in the music industry since the early 2000s. From promoting local shows to helping manage his own band as it toured the world to running a major artist merchandise business, Means has put in the work and learned more than a handful of lessons along the way.

Now,…

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DMM Bitcoin lays out fundraising plan to repay theft victims

A Japanese crypto exchange plans to pay back victims of a recent unauthorized leak in the coming days via raising capital.

DMM Bitcoin reiterated in a translated post that it would make available the entire amount of customer-held bitcoin lost in the leak “with support from our group companies.”

The company took out a loan worth $32 million, or five billion yen, on Monday. 

Read more: Japanese crypto exchange reports bitcoin theft worth $305M

DMM Bitcoin noted it planned to raise $310 million (48 billion yen) on June 7. It then seeks to secure an additional roughly $13 million (two billion yen) in subordinated debt on June 10.

The update comes about a week after DMM Bitcoin…

Read more on Blockworks