Coinstack
1.27K subscribers
412 photos
24 files
478 links
All things Ethereum, Bitcoin, DeFi, Blockchain, Crypto, and Web 3.0. With analysis of the macro trends and technological innovation as we build the future of money.
Download Telegram
Crypto markets experienced a strong turnaround in July led by ETH, which closed the month up 54%, far outpacing BTC's 20% gains. The ETH rally comes ahead of the network's upcoming migration to proof-of-stake which is slated for this September.
80% of transactions are now consistent with the new EIP-1559 transaction type
The gaming NFT vertical raised more than four times as much capital as any other NFT vertical in H1.
SoftBank Reports Record $23 Billion Quarterly Loss as Tech Downturn Hits
Since its November launch, a total of 11.74K BTC is now stored in Taproot (P2TR) outputs (0.06% of all BTC), steadily growing since March of this year.
Ethereum number of addresses holding 100+ ETH just hit a 16 month high
A great thread on the questionable constitutionality of the U.S. Treasury move this week to sanction Tornado Cash, a piece of open source code…

https://twitter.com/sethhertlein/status/1557442355678117889?s=28&t=Om-MuSvs_A43RKrOQN81UA
There is now $6.1 billion locked in Layer 2’s on Ethereum

That’s a 71% increase over the past 30 days
The ethereum merge to Proof of Stake has been officially scheduled for September 15-16. 35 days to go.
Ethereum number of addresses in profit just hit an 3 month high
While only 0.03% of addresses received ETH from tornado cash, almost half the entire ETH network is only two hops from a tornado cash receiver.
This week's Coinstack Newsletter is now out...

https://coinstack.substack.com/p/why-i-joined-amphibian-capital-

This week we feature an article on why I joined Amphibian Capital as a General Partner as well as updates on Galaxy, BitGo, Genesis, Celsius, Tornado, and Terra Founder Do Kwon. Tomorrow Aug 18, we are hosting a webinar called, Investing in Crypto Quant Funds Ahead of the Next Bull Market Run.
ImmutableX has just flipped Solana in secondary market NFT transactions
The Ethereum Merge to Proof of Stake is coming up on September 15-16 in four weeks. Here's an overview of what we expect to happen due to the merge, which is projected to reduce annual issuance of ETH by 91%.

I'll be giving a webinar covering the Ethereum Merge as well as the topic of investing in crypto quant funds today at 3pm ET. Register at amphibiancapitlal.com/webinars