Smaller Wallets Accumulating Record Amounts Of BTC – November 29

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $16,404

Bitcoin price is in the mid-$16,000 range as price continues to remain comfortable in its recent range.

Top-20 altcoins have had positive 24-hour performance as Ethereum gains 4%, BNB rise 2% and Dogecoin rallies 8%.

Top Stories for November 29, 2022 πŸ”₯

πŸ‘‰ Smaller Wallets Accumulating Record Amounts Of BTC

Smaller retail investors are currently accumulating record amounts of Bitcoin following the collapse of crypto exchange FTX, according to on-chain data from Glassnode.

Statistics from the company show that wallets holding less than 10 BTC have been adding a total of several billion dollars worth of extra Bitcoin to their addresses – while larger holders have been selling, on average.

πŸ‘‰ BlockFi Sues Sam Bankman-Fried For Robinhood Shares

Bankrupt crypto lender BlockFi is suing FTX founder Sam Bankman-Fried’s holding company, Emergent Fidelity Technologies, for Robinhood shares pledged to the company as collateral.

The two entities had an agreement from early this month to guarantee payment by an unnamed borrower – now revealed to have been Alameda Research – secured by the shares.

πŸ‘‰ Polygon-Ethereum Bridge Holds $27M Of Unclaimed Funds

Crypto wallet ZenGo has found that the Polygon-Ethereum bridge holds around $27 million in unclaimed funds, which is believed to be due to the two-step withdrawal process.

The bridge allows users to transfer assets between the two blockchains, but requires a transaction on each “end” of the bridge. It is believed that the funds have aggregated from the off-ramp step of the process.