Press Release Today TheBitTimes.com

Over 81,000 wallet addresses now hold $1 million or more worth of Bitcoin. The number of crypto wallet addresses holding more than $1 million in Bitcoin (BTC) has more than tripled this year.  BitInfoCharts data shows the number of addresses with more than $1 million in BTC increased from 23,795 on Jan. 1 to 81,925 currently, a 237% increase in the last 11 months. Currently, 81,925 wallet addresses hold more than $1 million in BTC. Source: BitInfoCharts The million aire wallet s are not one-to-one with individual users as many addresses with more than $1 million BTC belong to crypto exchanges and financial institutions. Comparative data from Glassnode shows the number of addresses holding more than $1 million in Bitcoin peaked during the top of the last bull market in November 2021, posting a record 112,573 addresses on Nov. 9, 2021, the day before Bitcoin notched its all-time high of $69,000 on Nov. 10, 2021. The number of “millionaire” Bitcoin wallets has grown more than 237% fr...

Michael Egorov, the founder of Curve, has sold an additional 7.5 million CRV via an over-the-counter (OTC) transaction and paid a $3 million debt in USDT on Aave, a decentralized lending platform on Ethereum. CRV is the native token of Curve, the stablecoin decentralized exchange. Michael Egorov sold another 7.5M $CRV via OTC and repaid 3M $USDT on #Aave just now. He currently has $82.6M in debt: 51.24M $USDT on #Aave; 12M $MIM on #Abracadabra; 9.19M $FRAX on #Fraxlend; 9.4 M $DOLA on #Inverse; 740K $XAI on #Silo.https://t.co/GBHVXzFuUx pic.twitter.com/LrNHOpPTRn — Lookonchain (@lookonchain) August 2, 2023 Egorov still owes $82.6 million , spread across different platforms: $51.24 million in USDT on Aave, $12 million in MIM on Abracadabra, 9.19 million in FRAX on Fraxlend, $9.4 million in DOLA on Inverse, and 740,000 XAI on Silo. You might also like: Aave deploys DAI stablecoin competitor on Ethereum Curve founder has more debt to pay Lookonchain data also ...

A crypto whale has lost approximately $1.88 million after their ETH short position failed to yield the desired result. The price of ether (ETH) has continued its bullish momentum this week.  Most likely fueled by a desire to recover losses from an initial liquidation, the whale decided to double down on the short position on ether. The whale finally decided to stop the loss and closed the short position on $ETH 6 hrs ago, with a loss of ~$1.88M. The whale short ed $ETH on June 15 and continued to increase his position as the price of $ETH rose.https://t.co/DHgYPXoNov pic.twitter.com/XFrShqfat2 — Lookonchain (@lookonchain) July 3, 2023 However, the price of ETH kept soaring higher, resulting in a $1.88 million loss for the trader. You might also like: Crypto whale goes long on ETH, hinting at possible price jump Ether price analysis  At press time, ETH is trading at around $1,963.44, representing a 2.4% increase over the past 24 hours and a 4.59% increase i...