CoinRank Crypto Update (8/28) | Ethereum Reserve Entities and Spot ETFs Control More Than 9% of ETH Supply

Stablecoin Market Growth: The total stablecoin market cap has surpassed $280 billion, with USDT and USDC leading the market shares at 59.75% and 24.6%, respectively, indicating strong demand and liquidity growth in the DeFi sector.

LQWD's Bitcoin Investment: Canadian public company LQWD has allocated 19.75 BTC to the Lightning Network, achieving a 24% yield, which highlights the increasing adoption of Bitcoin Layer 2 solutions for payments.

Institutional Accumulation of Ethereum: Ethereum reserve entities and spot ETFs now hold 9.2% of the total ETH supply, reflecting significant institutional interest but raising concerns about liquidity and volatility due to concentrated ownership.

Regulatory Considerations: As stablecoins become more integral to bridging crypto and fiat, regulatory pressures may increase, particularly in light of new capital rules in regions like Hong Kong.