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Blockchain Today Weekly Digest

20 Dec — 26 Dec

Find out everything about the leading cryptocurrency and other important news of the week in our digest.

1. Bitcoin exchange balance is 6.3% of the total crypto supply

At the moment, about 1.3 million bitcoins are listed on exchanges, the CryptoRank team said in a statement. This volume of cryptocurrency accounts for 6.3% of the total BTC market supply.

In October last year, the exchange balance of bitcoin was 9.5% of the supply of digital currency. Already in July 2021, this figure dropped to 7.3%, then the decline continued.

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2. SEC Rejects Spot Bitcoin ETFs from Valkyrie and Kryptoin

The US SEC continues to disapprove physically-backed Bitcoin Exchange Traded Funds (ETFs). On Dec. 22, the regulator released the decisions on the requests from the exchanges NYSE Arca to trade shares of the Valkyrie BTC Fund and Cboe BZX to trade Kryptoin BTC ETF Trust.

The reasons for rejections repeat themselves. The SEC finds that the exchanges didn’t prove that their proposals meet the needs of the Exchange Act Section.

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3. Whales resume buying Shiba Inu tokens

The Shiba Inu (SHIB) token soared 10% last Tuesday. Cryptocurrency capitalization reached $ 18.8 billion.

Altcoin began to rise in price against the backdrop of a surge in the activity of large SHIBA wallets. One of the whale addresses spent $ 134 million buying 4 trillion Shiba Inu tokens earlier this week, according to WhaleStats.

Read more on Blockchain Today

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