The Winding Down of Satsuma: On-Chain Evidence of a Bitcoin Treasury Company's Failures
Hook On July 12, 2024, block #846,322 recorded a single outbound transaction...
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Fear
Market Sentiment
Block reward reduced to 3.125 BTC
Independent validator client goes live on mainnet
Circulating supply increases by about 2%
Team and early investor shares released
Improves data availability sampling efficiency
Block reward halving event
92 million ARB released
Raises validator limit and account abstraction
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$64,492.8 |
| 1 |
Ethereum
ETH
|
$1,880.36 |
| 1 |
Solana
SOL
|
$74.95 |
| 1 |
BNB Chain
BNB
|
$570.3 |
| 1 |
XRP Ledger
XRP
|
$1.1 |
| 1 |
Dogecoin
DOGE
|
$0.0718 |
| 1 |
Cardano
ADA
|
$0.1655 |
| 1 |
Avalanche
AVAX
|
$6.74 |
| 1 |
Polkadot
DOT
|
$0.8174 |
| 1 |
Chainlink
LINK
|
$8.4 |