# Jed McCaleb’s XRP bag is almost gone, Ethereum’s difficulty bomb delayed, and FTX inks deal with BlockFi: Hodler’s Digest, June 26-July 2

**Published by:** [BitcoinBSV](https://paragraph.com/@bitcoinbsv/)
**Published on:** 2022-07-03
**URL:** https://paragraph.com/@bitcoinbsv/jed-mccaleb-s-xrp-bag-is-almost-gone-ethereum-s-difficulty-bomb-delayed-and-ftx-inks-deal-with-blockfi-hodler-s-digest-june-26-july-2

## Content

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This Week After 8 years dumping billions of XRP, Jed McCaleb’s stack runs out in weeksRipple Labs co-founder and former chief technology officer Jed McCaleb is nearing the end of his eight-year-long XRP dumpathon. The former Ripple exec has been gradually shedding his stash of 9 billion XRP since his departure in 2014. As of June 30, McCaleb only had 81.53 million XRP worth $26.55 million remaining, much to the delight of die-hard Ripple supporters. 80,000 Bitcoin millionaires wiped out in the great crypto crash of 2022The number of wallets holding over $1 million worth of Bitcoin has decreased by roughly 80,000, from 108,886 on Nov. 12 to a mere 26,284 as of June 30. That represents a 75% plunge within nine months. However, with the price of BTC crashing down to the $20,000 region and potentially lower, it may also give more people a chance to become whole coiners. Soulbound Tokens: Social credit system or spark for global adoption?JUNE 16, 2022The trouble with automated market makersJUNE 10, 2022Thailand’s crypto islands: Working in paradise, Part 1JUNE 8, 2022Old-school photographers grapple with NFTs: New world, new rulesJUNE 23, 2022Risky business: Celsius crisis and the hated accredited investor lawsJUNE 21, 2022Soulbound Tokens: Social credit system or spark for global adoption?JUNE 16, 2022The trouble with automated market makersJUNE 10, 2022Thailand’s crypto islands: Working in paradise, Part 1JUNE 8, 2022Old-school photographers grapple with NFTs: New world, new rulesJUNE 23, 2022Risky business: Celsius crisis and the hated accredited investor lawsJUNE 21, 2022Soulbound Tokens: Social credit system or spark for global adoption?JUNE 16, 2022 Ethereum fork a success as Sepolia testnet gears up to trial the MergeOn Thursday morning, the Gray Glacier hard fork designed to delay the difficulty bomb successfully went live on Ethereum. The hard fork will delay the difficulty bomb by roughly 100 days as developers work to get the final stages of the Merge completed. Over the next few days, the Sepolia testnet is also set to run through its Merge trial, making it the second of three public testnets to do so. Bear market will last until crypto apps are actually useful: Mark CubanBillionaire investor and Dallas Mavericks owner Mark Cuban thinks the current bear market won’t be over until there’s a stronger focus on applications that provide utility. Speaking on the Bankless podcast, he noted, “It lasts until there’s a catalyst and that catalyst is going to be an application, or we get so low people go ‘fuck it, I’ll buy some.’” BlockFi announces deal with FTX US, including ‘option to acquire’ for $240MAmid rumors that FTX US was planning to acquire beleaguered crypto lender BlockFi for as little as $25 million, BlockFi CEO Zac Prince revealed Friday that the actual deal was more costly. According to Prince, BlockFi signed agreements with the derivatives exchange for a $400-million revolving credit facility. As part of the deal, FTX US will have the ability to purchase BlockFi outright for up to $240 million. Still, that’s a drop in the bucket compared with BlockFi’s valuation this time last year, which was roughly $5 billion. Winners and Losers At the end of the week, Bitcoin (BTC) is at $19,433.55, Ether (ETH) at $1,058.95 and XRP at $0.31. The total market cap is at $867.7 billion, according to CoinMarketCap. Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are TerraClassicUSD (USTC) at 164.07%, Amp (AMP) at 7.52% and Compound (COMP) at 6.15%. The top three altcoin losers of the week are Storj (STORJ) at 30.28%, Polygon (MATIC) at 21.52% and Zcash (ZEC) at 21.67%. For more info on crypto prices, make sure to read Cointelegraph’s market analysis. Soulbound Tokens: Social credit system or spark for global adoption?JUNE 16, 2022The trouble with automated market makersJUNE 10, 2022Thailand’s crypto islands: Working in paradise, Part 1JUNE 8, 2022Old-school photographers grapple with NFTs: New world, new rulesJUNE 23, 2022Risky business: Celsius crisis and the hated accredited investor lawsJUNE 21, 2022Soulbound Tokens: Social credit system or spark for global adoption?JUNE 16, 2022The trouble with automated market makersJUNE 10, 2022Thailand’s crypto islands: Working in paradise, Part 1JUNE 8, 2022Old-school photographers grapple with NFTs: New world, new rulesJUNE 23, 2022Risky business: Celsius crisis and the hated accredited investor lawsJUNE 21, 2022Soulbound Tokens: Social credit system or spark for global adoption?JUNE 16, 2022 Most Memorable Quotations “Anonymous is looking into Do Kwon’s entire history since he entered the crypto space to see what we can learn and bring to light.”Anonymous, hacktivist group “In the midst of this, Bitcoin and Ethereum have both traded below their previous cycle ATHs which is a first in history.”Glassnode, Blockchain analysis firm “A very solid use case for crypto is becoming apparent in the gaming industry, where people invest time that you can earn from it, and that’s all arranged by the blockchain.”Maurice Mureau, CEO of Hodl “There has been a real spike in the interest from traditional hedge funds who are taking a look at Tether and looking to short it

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