On-chain data from Glassnode indicates that Coinbase recently lost its pole position as the largest exchange with Bitcoin holdings to Binance, according to a report in Coingape.com. Will Clemente, lead analyst, Blockware Solution, found that the world’s largest cryptocurrency exchange measured in volume Binance is now also the world’s largest Bitcoin holder measured in stock exchanges.
However, Coinbase has rejected the findings of Glassnode, saying that the data may not have included unmarked addresses to the crypto exchanges, and that this may constitute a difference in the total number.
In other news, the technical demo of the ‘Otherside’ metaverse project affiliated with the Yuga Labs Bored Ape Yacht Club saw over 4,500 people participate in it. On Saturday, Yuga Labs invited select people for a first look at the technical demo of their immersive, ape-avatar-navigated virtual metaverse world.
According to a CoinTelegraph report, this first trip to the metaverse country was open to ‘Otherdeed’ non-fungible token (NFT) owners who will now be called ‘Voyagers’. Since the metaverse project is still in its early stages, Yuga Labs is collecting feedback from Voyagers and some third-party developers, and only they currently have access to the Otherside metaverse.
Today @OthersideMeta The first trip was truly a wild experience! Jumping through the swamp portal gave me chills, and it was crazy to see 4,500 travelers running around in a large, immersive room. pic.twitter.com/Nl5luxaZl3
– illuminary.eth (@illuminaryETH) July 16, 2022
Cryptocurrency prices
The global crypto market value rose by 4.15 percent to 1.02 trillion dollars at 8.50. Global cryptocurrency volume increased by 79.59 percent to $ 108.64 billion, according to Coinmarketcap data.
Bitcoin (BTC), the world’s oldest cryptocurrency, was traded at $ 22,097.36, down 3.72 percent in the last 24 hours. Ethereum (ETH) rose 7.85 percent to $ 1,520.40.
Among other significant coins, Cardano (ADA) was up 4.39 percent to $ 0.481, Algorand (ALGO) was trading at a gain of 0.84 percent to $ 0.3512, Solana (SOL) was trading at a gain of 6.42 percent to $ 43.24, Polkadot (DOT) rose 7.07 percent to $ 7.69, and Binance Coin (BNB) was up 2.4 percent to $ 260.27.
Today’s biggest gain was the Ethereum Classic (ETC), which was up 20.97 percent to $ 25.99. The biggest loser was Lido DAO (LDO), which was down 16.89 percent to $ 1.45.
Meme coin and defi prices
Dogecoin (DOGE) was up 3.14 percent to $ 0.06659. Its volume to market value ratio is 0.07104. Rival Shiba Inu (SHIB) was up 5.48 percent to $ 0.00001168.
Dogelon Mars (ELON) rose 6.61 percent to trade at $ 0.0000003394, Floki Inu (FLOKI) rose 7.44 percent to $ 0.000007057, and Samoyed Coin (SAMO) rose 9.05 percent to $ 0.01102.
In the DeFi segment, YFI (yearn.finance) was up 2.06 percent to $ 6,462.54, and Terra Classic (LUNC) was trading at a gain of 2.36 percent to $ 0.0001058. Avalanche (AVAX) was up 9.11 percent to $ 23.74, Uniswap (UNI) was trading at a gain of 3 percent to $ 7.46, and Aave (AAVE) was up 3.26 percent to $ 94.07.
