🐭 US govt transfers $1 billion worth of crypto to Coinbase

🐭 US govt transfers $1 billion worth of crypto to Coinbase 🤝 Arbitrum Nova and Covalent Network team up to accelerate Arb's GameFi ecosystem 💪 Ethereum keeps growing: new record high of 95 million wallets

Good morning, $VEMP Kings. Catch up on the latest TBCS episode with our CEO and special guest from REALM. Get ready to explore the huge alpha of gaming, from using AI to build up your audience, to testing out new ways to incentivise or disincentivize players. Don't miss out 👇

https://www.youtube.com/watch?v=FbNx0zeVd88

🐭 US govt transfers $1 billion worth of crypto to Coinbase 

🤝 Arbitrum Nova and Covalent Network team up to accelerate Arb's GameFi ecosystem

💪 Ethereum keeps growing: new record high of 95 million wallets

US govt transfers $1 billion worth of crypto to Coinbase

Article. The US government sent a massive heap of BTC to trading platform Coinbase, totaling $1 billion worth. The 49,000 BTC came from Silkroad related busts and seizures, with 9,826 BTC sent to Coinbase directly and the remaining 39,175 BTC was transferred to two new addresses that seem to be centralized. Coinbase's own wallet shows the influx of BTC, and analysis from PeckShield confirms the transfers.

The crypto community panicked for a bit, fearing the the government would crash the market by dumping their BTC holdings. However, it appears that the government has no such plans, at least for now. Even though it is actually unknown what the government plans to do with the coin.

Arbitrum Nova and Covalent Network team up to accelerate Arb's GameFi ecosystem

Arbitrum Nova, Arbitrum's new chain has announced an integration with Covalent, one of the leading Web3 data providers, to bring scalability and acceleration to the GameFi ecosystem. According to Arb's team, this integration will strengthen the development of Web3 social applications and other decentralized projects.

Covalent Network provides something it calls Unified API, a type of API that aggregates data from multiple sources and platforms into one interface. This makes it easier for developers to access information from different blockchains without having to integrate with multiple systems. These types of services are going to make or break future web3 applications, as data accessibility and integration between blockchains are key factors in the long-term viability of decentralized applications, especially games. For now though, the race is on for the chains to build out their gaming ecosystems and let the devs tap into the potential that the tech offers.

Ethereum keeps growing: new record high of 95 million wallets

Ethereum keeps growing. As of now, the number of non-zero addresses for ETH just reached a record high, with over 95 million wallets, according to stats from Glassnode.

This is evidence that Ethereum is becoming ever more popular and it is unlikely that this trend will reverse any time soon. The data also shows that ETH keeps flowing off-exchanges, with around $20 million worth of ETH leaving the exchanges over the last 24 hours, indicating more organic growth in the Ethereum network. The amount of ETH supply that has not moved for seven to ten years also reached a new all-time high of 3,643,722 ETH. This shows that $6 billion worth of ETH has not been ever moved from the very infancy of its protocol.

This demonstrates that long-term holders of Ethereum are not selling and remain confident in the underlying technology and potential of the chain. This is good news for the health of the entire Ethereum ecosystem, as long-term holders often provide stability in a volatile market. As more and more people continue to adopt Ethereum as their preferred crypto, these metrics will likely continue to increase. This could signal a bright future for the world’s second-largest crypto asset.