FameEX Morning Crypto News Recap | September 23, 2024

Bitcoin Exchange Deposit Addresses Reach Lowest Point Since 2016

Leon Waidmann, head of research at the Onchain Foundation, shared on X that CryptoQuant data reveals BTC exchange deposit addresses have dropped to their lowest level since 2016. This suggests that fewer individuals are currently inclined to transfer their Bitcoin to exchanges for selling.

Over 40% of Ethereum Supply Still Locked in Smart Contracts

Leon Waidmann, head of research at the Onchain Foundation, noted that Glassnode data indicates over 40% of Ethereum's (ETH) supply is still locked in smart contracts, though this trend has recently seen a slight decline.

Whales Added $1.4 Billion in BTC to Their Holdings This Month

HODL15Capital monitoring shows that a major whale accumulated $1.4 billion worth of BTC this month from multiple exchanges. The whale's holdings increased from 2,625.22 BTC on September 6 to 23,732.82 BTC by September 20, indicating substantial accumulation.

Peter Schiff: Gold Surges Over 26% This Year, Set for Best Showing Since 1979

Economist Peter Schiff emphasized gold's impressive 26% rise this year, predicting it could exceed its 32% gain in 2007 and is on course for its best performance since 1979, when it surged 126%. He discussed the economic factors driving gold's growth in multiple articles this week.

Elon Musk Adheres to Brazilian Supreme Court Order, Paving Way for X Platform Ban Lift

On September 20, X Platform's lawyer confirmed in a court document that the platform has complied with Brazilian Supreme Court orders and requested the ban be lifted. The New York Times reported that the court could lift the ban as early as next week.

Microsoft and Constellation Energy Ink 20-Year Agreement to Restart Three Mile Island Nuclear Plant

Microsoft has teamed up with Constellation Energy to restart Pennsylvania's Three Mile Island nuclear facility, providing 835 megawatts of clean energy for its AI operations. Supported by a $1.6 billion investment, the plant is set to be operational by 2028, pending approval from the Nuclear Regulatory Commission and state and local governments.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​