Astar Network is teaming up with Animoca Brands to grow its Sony-powered blockchain ecosystem and onboard more users to web3 through entertainment. Astar Network, a parachain within the Polkadot ecosystem, has secured a strategic investment from Animoca Brands, as both…

Animoca Brands invests in Astar to grow Sony-linked blockchain ecosystem

On-chain data shows old XRP tokens have been moving back into circulation 
recently, a potential sign that long-term holders have been taking profits. 
XRP Mean Dollar Invested Age Has Seen A Drop Recently According to data from 
the on-chain analytics firm Santiment, the XRP network has seen signs of 
movement from veteran hands. Two key metrics highlight this trend: Mean Dollar 
Invested Age and Age Consumed. The first of these, the Mean Dollar Invested 
Age, keeps track of the average age (in days) of every dollar invested into 
the cryptocurrency. The &#8216;age&#8217; of a coin or the USD value invested in it is 
tracked from the point of the coin&#8217;s last transaction. Related Reading: 
Ethereum Exchange Reserve Plummets: Over 1 Million ETH Withdrawn For example, 
if a coin remains dormant for 10 days, it accumulates 10 coin days. If the 
price at the time of its last movement was $2, then it&#8217;s carrying 20 coin- 
dollar days. The Mean Dollar Invested Age per dollar in this case is, 
therefore, 10 coin-dollar days. Now, what happens when a coin that has been 
dormant for some period is finally moved? Both the coin days and coin-dollar 
days associated to it reset back to zero. In other words, its age is 
&#8216;consumed.&#8217; The second indicator of relevance here, the Age Consumed, keeps 
track of the coin days being destroyed in this manner across the network every 
day. Below is a chart that shows how the Mean Dollar Invested Age and Age 
Consumed have changed for XRP over the past year. As is visible in the graph, 
the XRP Mean Dollar Invested Age has witnessed a decline during the last few 
weeks, indicating that the average dollar invested into the asset is becoming 
younger. The indicator&#8217;s value has now come down to 593 days, which is 91 days 
lower compared to one month ago. The Age Consumed has seen some notable spikes 
alongside this decline, which means that long-term holders have been making 
moves. The long-term holders refer to the HODLers of the market, who hold for 
long periods with strong conviction and, in the process, amass a large number 
of coin days. When these diamond hands finally make moves, the Age Consumed 
tends to register spikes as large-scale coin days destruction accompanies 
them. From the chart, it&#8217;s apparent that most of the recent large spikes came 
just as XRP hit its price top. This could be a potential sign that the long- 
term holders were cashing in on the rally. Related Reading: Bitcoin Remains 
Flat—And The SSR Ratio Might Explain Why Since then, the cryptocurrency has 
plunged. It now remains to be seen whether the Age Consumed would continue to 
spike in the near future or if the HODLers are done for now. XRP Price At the 
time of writing, XRP is trading around $3.15, down more than 10% in the last 
week. Featured image from Dall-E, Santiment.net, chart from TradingView.com

XRP Dormant Coins On The Move: Reason Behind Price Plunge?

Both prosecutors and defense attorneys have made statements in court about a 
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With its stock trading below net asset value, BitMine has chosen to focus on 
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Senator Lummis is dragging federal housing agencies into the 21st century with 
a bill that mandates crypto be recognized in mortgage approvals. The move 
challenges decades-old lending rules, potentially opening doors for young 
buyers, but critics warn it could destabilize…

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Reports suggest a major twist is about to unfold in the Samourai Wallet case, 
with the co-founders expected to flip their pleas—hinting that the courtroom 
drama may be drawing to a close. At the heart of the case are Keonne Rodriguez 
and William Lonergan Hill, co-founders of the bitcoin ( BTC) mixing platform 
Samourai Wallet. […]