Bitcoin tourists exit the market, Peter Schiff’s bank closes down and Voyager to restructure: Hodler’s Digest, July 3-9

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Peter Schiff’s bank closure strengthens Bitcoin case for financial freedom

Avid Bitcoin hater and gold peddler Peter Schiff saw his bank in Puerto Rico, Euro Pacific International Bank, shut down this week, with regulators pulling the plug on the grounds that the bank was not maintaining the net minimum capital requirements. Schiff noted that, as a result, “accounts are frozen and customers may lose money.” The crypto community on Twitter was quick to swoop in, with pseudonymous user HodlMagoo noting the priceless irony: “Do you understand why you need bitcoin now?”

Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode

According to Glassnode’s “The Week On-Chain” report published on Monday, supposed “market tourists” have been completely “purged” from the BTC market, leaving only seasoned hodlers or investors transacting with the asset. The report also stated that “shrimps” — those holding less than 1 BTC, and whales — those with 1,000 to 5,000 BTC — were “increasing meaningfully.”

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum developers completed the second-to-last Merge trial on the Sepolia public testnet this week. There was a minor hiccup, with 25-30% of validators going offline after the Merge due to “wrong configs.” However, devs such as Terence Tsao stated that “hiccups will not delay the Merge.” The final Merge trial on Goerli is slated to go through in the next few weeks, and it appears the official Ethereum Merge is on track for now.

Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan

On Tuesday, Voyager Digital filed for bankruptcy as part of a “reorganization” plan just days…

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