Altcoin News by Thebittimes.Com

With the recent price crash , Bitcoin (BTC) long-term investors have been on an accumulation rampage, registering a record inflow average. According to two sources, the so-called “Accumulation Addresses” have acquired over 12,700 BTC and 20,000 BTC. First, Ali Martinez reported the labeled “accumulation addresses” receiving 12,700 BTC in the last 24 hours, worth $840 million. In the meantime, long-position traders have lost nearly $400 million as over $136 billion left the cryptocurrency market. BTC: Inflows to Accumulation Addresses. Source: CryptoQuant / Ali Martinez Later on, Luke Mikic shared the same metric, showing an all-time high of 20,000 BTC inflow to “accumulation addresses.” In this second chart, we can see the historical data from 2014, evidencing the record inflow to long-term holders. Picks for you ...

A Nansen in December noted that Ether staking solutions had been in high demand since Ethereum’s shift to proof-of-stake. Liquid Staking protocol Lido Finance appears to have benefited most from the Ethereum merge in September, with its total value locked (TVL) now sitting at the top position among other decentralized finance (DeFi) protocols. According to data from DeFiLlama, Lido’s liquid staking protocol now commands $5.9 billion in TVL, compared to MakerDAO's $5.89 billion and AAVE’s $3.7 billion. Lido now has the highest TVL of any DeFi protocol. pic.twitter.com/2xsM3lVGVl — Patrick | Dynamo DeFi (@Dynamo_Patrick) January 1, 2023 According to Lido Finance’s website, as at Jan. 2 had $5.8 billion Ether (ETH) staked. Meanwhile, there was around $23.2 million staked in Solana (SOL), $43.9 million in Polygon (MATIC), $11 million in Polkadot (DOT) and $2.2 million in Kusama (KSM). Lido’s model allows users access to liquid Ether Staking without committing to the traditional 32 ...

With the advent of new crypto assets, Litecoin [LTC] took a backseat. While developments pertaining to the network did not take a backseat, the asset’s popularity surely did. However, times were certainly changing as digital silver was making a comeback. According to recent data curated by on-chain analytics firm Santiment, Litecoin whales were active once again. Whales that were harboring more than 1 million LTC had reportedly expanded their holdings over the last month. Throughout the previous five weeks, these whales have purchased nearly $3 million worth of Litecoin. Source Elaborating on the same, Santiment tweeted, “Litecoin’s mega #whale addresses are holding their highest level of available supply since June, 2017, according to @santimentfeed data. In the past 5 weeks, 2.95M $LTC were accumulated by addresses with 1M or more coins held, valued at $219.6M.” It should be noted that recently, Litecoin made headlines after a significa...