FameEX Morning Crypto News Recap | September 23, 2024

Bitcoin Exchange Deposit Addresses Drop to Lowest Level Since 2016

Leon Waidmann, head of research at the Onchain Foundation, reported on X that CryptoQuant data shows the number of BTC exchange deposit addresses is at its lowest since 2016. This indicates that fewer people are currently willing to transfer their BTC to exchanges for selling.

Over 40% of ETH Supply Remains Locked in Smart Contracts

Leon Waidmann, head of research at the Onchain Foundation, reported that Glassnode data shows over 40% of the Ethereum (ETH) supply remains locked in smart contracts. However, this upward trend has experienced a slight recent decline.

Whales Accumulated $1.4 Billion Worth of BTC This Month

HODL15Capital monitoring reveals that a major whale has accumulated $1.4 billion worth of BTC this month, sourced from multiple exchanges. The whale's BTC holdings grew from 2,625.22 on September 6 to 23,732.82 by September 20, indicating significant accumulation during this period.

Peter Schiff: Gold Up Over 26% This Year, Poised for Best Performance Since 1979

Economist Peter Schiff highlighted gold's strong performance this year, noting a rise of over 26%. He predicts gold could surpass its 32% increase from 2007 and is on track for its best year since 1979, when it gained 126%. Schiff discussed various economic factors influencing gold's growth in several articles this week.

Elon Musk Complies with Brazilian Supreme Court Order, X Platform Ban Could Be Lifted

On September 20, X Platform's lawyer confirmed in a court document that it has complied with the Brazilian Supreme Court's orders, requesting the ban be lifted. The New York Times reported that the Brazilian Supreme Court might remove the ban on the X Platform as early as next week.

Microsoft and Constellation Energy Sign 20-Year Deal to Restart Three Mile Island Nuclear Facility

Microsoft has partnered with Constellation Energy to restart Pennsylvania's Three Mile Island nuclear facility, aiming to supply clean energy for its AI operations. The agreement involves providing Microsoft with 835 megawatts of power, backed by a $1.6 billion investment to reactivate the plant by 2028. The deal awaits approval from the Nuclear Regulatory Commission and state and local authorities.

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