Bitcoin markets have been consolidating since the beginning of the year, but on-chain metrics are painting a more positive picture as more of the asset is becoming illiquid. On-chain analytics provider Glassnode has been delving into Bitcoin supply metrics to get a better view of the longer-term macro trends in its weekly report. OpenSea, one of the most talked about blockchain start-ups in Silicon Valley, said on Tuesday that had it raised $300 million in new venture capital, making it the latest company to cash in on a rush to fund cryptocurrency start-ups. El Salvador last month announced it would issue Bitcoin-backed bonds. The country's finance minister today said it was moving ahead with the legislation to do so. El Salvador is getting closer to issuing its bonds. The digital yuan is coming to more phones. China is in the middle of piloting its e-CNY (electric Chinese yuan) network. This is the first public release of the e-CNY wallet. Samsung said Monday it's looking to new technology to help power its latest sustainability project, planting 2 million mangrove trees in Madagascar over the next three months. You can find these stories and more at the link below:
While you are at it, why not subscribe to the CageChain Newsletter?
Also, check out this week's featured podcast:
