| Hey Cryptonews, here's our curated daily bundle of crypto news. | | Bitcoin's retail-owned supply hits all-time high |  | - About 17% of Bitcoin's total circulating supply is now held by retail investors.
- Glassnode defines "retail" as addresses holding less than 10 BTC in a wallet.
According to Glassnode, the share of Bitcoin supply owned by retail investors reached an all-time high of around 17.3%. This figure stood at less than 12% in early 2020, but began to grow exponentially in 2022.
Other periods of heavy retail accumulation included late 2013 into early 2014, as well as late 2017—each late bull market/early bear market period for Bitcoin. The development was likely due to the popularity and dominance of the asset, rather than narratives such as distrust in public institutions, banks, or as an alternative store of value.
Bitcoin also appeared to have a more even supply distribution across various percentiles than other top cryptocurrencies, including Ethereum and Dogecoin. According to CoinMarketCap, about 64% of DOGE and 38% of ETH was held by addresses with at least 0.1% of the total supply, compared to just 9% of all Bitcoin.
| | Shiba Inu announces the launch of new ecosystem token
|  | - The yet-to-be-launched token's name is expected to be "TREAT."
- This would be the fourth token in the meme coin's ecosystem.
With its latest announcement, Shiba Inu hinted at the launch of a new token for its much-awaited Shibarium. The token is expected to be named 'TREAT,' and would be the fourth token in its ecosystem, following SHIB, BONE and LEASH preceding it.
Shiba Inu announced BONE in December last year, which was the ecosystem's governance token and would be used as gas in Shibarium. On the other hand, with a total supply of just 107,646 tokens, LEASH is positioned as a special token for loyal supporters of the ecosystem, enabling holders to benefit from exclusive perks and access.
Meanwhile, SHIB remains pretty popular among whales. According to WhaleStats, SHIB is on the list of the top-10 most purchased tokens among the 5000 biggest Ethereum whales. Furthermore, SHIB's popularity was reinforced as it became one of the most watched crypto-assets on Binance in 2022, alongside Bitcoin and Ethereum.
| | Learn more | | Litecoin records new milestone in terms of total transactions processed
|  | - Litecoin recently processed the network's 138 millionth transaction.
- Its volume, velocity, and daily active addresses also saw an upward trend.
The Litecoin Foundation recently announced that the network processed a total of 138 million transactions till date. Of these, more than a million transactions were processed within the last 10 days. Moreover, the blockchain recorded a TPS of about 1.65 seconds.
Furthermore, Litecoin is among the best-performing cryptocurrencies in November. Its performance attracted more attention as it resisted the downside at a time when most top cryptocurrencies continued to crash. This increased volatility for the altcoin, which is ideal for traders looking for profits in shorter time frames.
Santiment further recorded an increase in volume over the last two days until press time, which grew to 535.46 million. In addition, a sharp uptick in velocity was also noted as it grew to 54.225 at the time of publication. These observations were also accompanied by an increase in active addresses over the last 24 hours, which grew to 328k users.
| | Learn more | | Tron nabs second spot in list for blockchains with highest TVL
|  | Tron was only behind Ethereum in terms of Total Value Locked. It beat various other blockchains like Binance, Arbitrum and Polygon.
According to the TRON Community, TRON grabbed the second spot on the list of blockchains with the highest total value locked, with almost $4.6 billion locked in value. It was second only to Ethereum, which stood at an astounding $23.18 billion in terms of TVL.
The list also consisted of Binance which held about $4.1 billion in TVL, Arbitrum with $1.1 billion and Polygon with about $990 million. Furthermore, DefiLlama noted that the DApp JustLend held a major dominance of 64.24% over TRON's TVL, with over 2.79 billion locked.
In other news, TRON's burn rate also looked promising, as it reflected the deflationary characteristics of the token. As of 18 December 2022, over 7,841,309 coins had been burned, with a net production ratio of less than zero, at -2,781,133.
| | Learn more | | Uniswap to enable users to buy crypto via debit, credit cards |  | Uniswap app users would also be able to use bank transfers to purchase crypto. Users can use the feature over multiple blockchains including Ethereum, Polygon.
Uniswap joined hands with Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers. The bank transfer option is being rolled out for users within most U.S. states, Brazil, the United Kingdom, and the Single Euro Payments Area, also known as SEPA.
The announcement further stated that Uniswap users can access the feature over the Ethereum mainnet, Polygon, Optimism, and Arbitrum network. Uniswap would initially support Dai, Ethereum, USDC, USDT, Wrapped Bitcoin (wBTC), and Wrapped Ether (wETH), depending on the user's region.
Uniswap also noted that a major barrier to DeFi adoption has been the onboarding experience, compelling users to store their CEXs for convenience, despite the risks. However, the exchange hopes that its latest rollout would improve the onboarding process with its "no spread fees on USDC, lowest processing fees in the market, and instant access."
| | Dogecoin's largest whale moves over 3 billion DOGE |  | - The biggest Dogecoin whale moved over $280 million worth of DOGE.
- This translated to over 3.8 billion DOGE tokens.
According to Lookonchain, the address with the largest Dogecoin [DOGE] holdings transferred 3.84 billion of the meme coin, valued at $280.6 million at the time of press. The whale who held over $2.5 billion worth of DOGE in a Robinhood wallet completed the transactions in 14 batches.
The Dogecoin whale might have played no role in impacting the price. However, the transfer between wallets could stabilize the supply held by the top DOGE whales. At press time, Santiment showed that whale supply held steady at 43.58. Although it went lower on 18 December, whale transactions around the $100,000-region made up for the decline as they grew steadily.
In other news, the market capitalization of Nasdaq-listed crypto-exchange Coinbase has now fallen below that of meme-inspired cryptocurrency. At the time of press, Coinbase's market cap stood below $8 billion, while DOGE's market cap was at $9.8 billion.
| | Learn more | | Celsius notes 30 potential bidders for its assets |  | - The bankrupt lender is set to hold auctions for its assets in January next year.
- At the same time, Celsius' withdrawals reopening proposal was approved too.
According to a recent filing, crypto-lender Celsius Network noted that more than 125 parties had been contacted since September, with 30 potential bidders executing non-disclosure agreements for its assets. The lending platform also revealed that it received a number of single asset bids.
It should be noted that the bidding process would take place on January 10, which would see the auction of Celsius' various assets, including its retail platform and mining business. The filing noted that the company held crypto valued at approximately $2.6 billion. However, Celsius is still $1.2 billion short of being able to pay off all debts.
In related news, bankruptcy judge Martin Glenn granted a motion filed by Celsius, allowing them to reopen withdrawals for a minority of their customers. The assets eligible were those that were only ever held in the Custody Program; for amounts less than $7,575. This also includes funds that were transferred from Earn or Borrow Programs into the Custody program within 90 days of Celsius' bankruptcy filing.
| | BTC, ETH, BNB see marginal gains |
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