A major accumulation trend is currently ongoing for XRP, with crypto whales actively adding to their positions. This provides a bullish outlook for the altcoin, considering it could break out from its current range following this accumulation phase. XRP Whales On The Rise In an X post, crypto analyst Kyle revealed that over 300,000 addresses now hold 10,000 XRP, a development which he noted screams rising confidence from whales and large holders. The analyst added that a strategic accumulation looks to be back and raised the possibility of the big players trying to front-run a major move in the XRP ecosystem. Related Reading: Over $700 Million In XRP Moved In April, What Are Crypto Whales Up To? This major move could be the launch of an XRP ETF or the conclusion of the Ripple SEC lawsuit. An XRP ETF has a 90% chance of approval by the SEC this year. The launch of this fund could spark a surge in the token’s price, considering how it would drive more capital into its ecosystem. Meanwhile, the conclusion of the Ripple SEC lawsuit would also be a major development in the XRP ecosystem, as both parties have already reached an agreement. However, the court still needs to rule on the agreement before the lawsuit can be considered done and dusted. The end of the lawsuit would provide clarity and could spark a significant surge in price. Crypto analyst Ali Martinez also confirmed the accumulation trend among these whales. In an X post, he revealed that wallets holding between 10 million and 100 million XRP have bought around 900 million XRP over the past month. Amid this accumulation trend, traders are also leaning bullish towards the asset. In another post, he stated that 71.54% of traders on Binance futures with open XRP positions are leaning bullish. What’s Next For The Altcoin? In an X post, crypto analyst Dark Defender discussed the current XRP price action and provided insights into what is next for the altcoin. He noted that XRP found resistance between $2.2 and $2.36 and dropped to $2.13 again. In line with this, the analyst remarked that the altcoin is getting ready to finish the correction and is on to the last bit. Related Reading: XRP Mega Candle On The Horizon? Analyst Reiterates $27 Target The analyst projects an incoming surge with five waves. He predicts that the initial wave will send the XRP towards $3, and then the altcoin will reach $4.4 and $6.3 on Waves 3 and 5, respectively. A rally to $4.4 would mark a new all-time high (ATH) for the token. Meanwhile, Dark Defender stated that $1.88 is the support level to keep an eye on. At the time of writing, the XRP price is trading at around $2.12, down 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Binance's BNB token could rise over 360% in the next few years, according to Standard Chartered's Geoffrey Kendrick.
Binance founder Changpeng Zhao also commented on memecoins, saying 99.99% of them will fail and that they distract from real innovation.
Bitcoin’s recent recovery has encountered resistance as the asset remains range-bound between $93,000 and $97,000. After briefly climbing late last month, Bitcoin has struggled to maintain upward momentum since then. At the time of writing, BTC is trading at approximately $94,305, reflecting a modest 1.3% decline over the past day. While price action has slowed, activity on the backend of the market suggests underlying shifts in investor behavior. New on-chain data points to a significant decrease in Bitcoin reserves held on Binance, the world’s largest cryptocurrency exchange by trading volume. Related Reading: Bitcoin ATH Incoming? Analyst Flags Indicators That Preceded Every Major BTC Rally One of CryptoQuant’s contributors, Amr Taha, highlighted the development in a recent QuickTake post, signaling that over 51,000 BTC have been withdrawn from Binance wallets since mid-April. This drop from roughly 595,000 BTC to around 544,500 BTC could indicate a recalibration in investor strategy, with growing interest in long-term holding or redeployment of assets outside centralized platforms. What’s Driving the Bitcoin Outflows from Binance? According to Taha, multiple factors may be contributing to this steep decline in exchange-held reserves. One explanation involves institutional investors and long-term holders moving their Bitcoin into cold storage. This off-exchange behavior is typically interpreted as a signal of longer-term conviction, as these participants seek to secure assets while reducing the likelihood of short-term selling. Given the rise of custodial solutions and more institutional-grade wallets, this trend may reflect maturing market behavior. Another key factor could be the increasing use of Bitcoin within decentralized finance (DeFi) and cross-platform arbitrage strategies. Taha noted that entities may be withdrawing BTC to access yield opportunities or deploy capital in other blockchain ecosystems. Additionally, the recent positive flows into Bitcoin spot exchange-traded funds (ETFs), especially between April 21 and May 1, where daily net inflows crossed the $2 billion mark on several occasions, may have encouraged larger players to accumulate and withdraw Bitcoin in anticipation of further price appreciation. Exchange Reserve Trends Offer Signals Amid Price Consolidation Though Bitcoin’s price has remained largely stagnant over the past week, the shift in exchange reserve data could carry significant implications for future price action. Historically, a decrease in exchange reserves, particularly from major venues like Binance, has been associated with supply tightening. As fewer coins are readily available for sale, reduced liquidity can amplify the impact of incoming demand, especially in bullish phases. Taha emphasized that while short-term market performance may appear indecisive, tracking reserve metrics offers important clues about underlying sentiment. Related Reading: Bitcoin Price Trading Within Dense Supply Cluster — What Lies Beyond $100K? A consistent drawdown of BTC from exchange platforms often sets the stage for renewed price movement, especially when accompanied by institutional accumulation and long-term holding behavior. If these patterns persist, they may contribute to reduced sell-side pressure, enabling Bitcoin to challenge its next resistance zones, including the psychological $100,000 level. Featured image created with DALL-E, Chart from TradingView
Binance founder Changpeng Zhao has recommended that Kyrgyzstan consider Bitcoin and BNB as the first assets in building its National Crypto Reserve. His May 5 suggestion followed an invitation to join the country’s National Crypto Council, marking a notable step in the nation’s engagement with digital assets. Zhao visited Kyrgyzstan at the invitation of President […]
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Crypto venture funding reached $4.9 billion in the first quarter of 2025, marking a strong comeback for the industry, according to a May 1 report by Galaxy. The total capital raised was 40% higher than the previous quarter and came from 446 deals, which also reflected a 7% growth during the period. This makes the […]
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Bitcoin is trading above $95,000, moving closer to the psychologically significant $100,000 price level. This recovery follows several weeks of steady gains, although the asset remains approximately 12.6% below its all-time high recorded in January. Some analysts are now focusing on underlying trends across both spot and derivatives platforms to evaluate the sustainability of the current momentum. Recent data highlights notable movements of Bitcoin away from exchanges, particularly from Coinbase, a trend that typically signals a reduced available supply and potentially reduced selling pressure. In parallel, derivatives market activity has also picked up, suggesting an increase in leveraged positioning that could support ongoing upward momentum. The convergence of both accumulation signals and growing open interest has analysts watching closely for a continuation of the rally or a breakout attempt beyond recent highs. Related Reading: Is Bitcoin Demand Returning? Active Address Trend May Suggest So 8,000 Bitcoin Pulled From Coinbase Signals What? Amr Taha, a contributor on CryptoQuant’s QuickTake platform, recently observed that over 8,000 BTC—worth approximately $763 million—was withdrawn from Coinbase on two separate occasions within five days. This activity, visible on exchange netflow data, represents one of the largest Bitcoin outflow events recorded in recent weeks. Taha pointed out that the withdrawals occurred on April 24 and again on April 29, suggesting deliberate actions rather than random user activity. According to the analysis, large outflows from exchanges typically indicate that holders are transferring assets into cold wallets for long-term storage. This behavior often aligns with accumulation phases, as investors seek to remove their assets from trading platforms, thereby reducing immediate sell-side liquidity. Taha concluded, noting: Historically, significant Bitcoin outflows from exchanges — especially from major platforms like Coinbase — have often preceded strong bullish price movements. These outflows signal reduced immediate sell pressure and a tightening of available supply. Such dynamics have repeatedly aligned with periods of increased hedge fund activity, as institutional players reposition in anticipation of upside momentum. Binance Open Interest Climbs $2.2 Billion as Futures Activity Rebounds In a separate analysis, another CryptoQuant analyst, Burak Kesmeci, reported a surge in Binance’s Bitcoin Open Interest (OI) over the last 20 days. After declining from $11.9 billion in January to $7.5 billion in early April, a drop of nearly 37%, OI has since rebounded by 29.3%, reaching $9.7 billion. This increase in open interest corresponds with Bitcoin’s 23.7% price rise from $76,000 to over $94,000 during the same period. Rising open interest in derivatives markets typically indicates growing participation by leveraged traders and is often interpreted as a sign of increasing confidence or speculation. Related Reading: Bitcoin Supply in Profit Rises Above 85%— Is Euphoria Setting In? Kesmeci’s analysis suggests that the uptick in OI, when viewed alongside declining exchange reserves, may reinforce a bullish structure in the current market cycle. If momentum continues and funding conditions remain favorable, Bitcoin could push closer toward the $100K threshold in the short term. Featured image created with DALL-E, Chart from TradingView
Eric Trump also said that USD1 will be integrated with the Tron ecosystem.
New reports indicate that the Ethereum (ETH) CrossX indicator is flashing strong buy signals, suggesting a potential breakout toward $4,000. As the market transitions from selling to buying, on-chain data shows that institutional investors are heavily accumulating ETH tokens, indicating a shift in sentiment. Institutions Load Up On ETH As Buy Signal Flashes On-chain analytics platform, Lookonchain, has identified a notable increase in Ethereum accumulation, largely driven by institutional whales. Over the course of three hours, a wallet address reportedly associated with the trading firm Cumberland DRW withdrew a staggering 27,632 ETH, worth approximately $50.24 million. This transfer was made from major exchanges, including Coinbase, Copper and Binance. Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View The wallet’s activity involved multiple high-value transfers, such as a 7,600 ETH withdrawal worth $13.83 million from Coinbase, a 5,992 ETH withdrawal worth $10.92 million from Copper and Binance, and an additional 5,960 ETH transfer valued at $10.88 million from Copper. Notably, the receiving wallet, 0ex287AA111…, was consistently used across all transactions, suggesting coordinated accumulation rather than a typical trading activity. Historically, large-scale withdrawals from Ethereum exchanges have preceded price surges, as they significantly reduce sell-side liquidity and indicate a longer-term holding pattern by investors. Amid this growing institutional accumulation, the Ethereum CrossX Indicator, as noted by Ezy Bitcoin on X, has recently flashed a strong buy signal. This reinforces the notion that institutional interest is rising, signaling an increase in demand and potentially setting the stage for further upward price movement. Ethereum CrossX Indicator Suggests $4,000 Surge Ahead Shedding more light on Ezy Bitcoin’s report, the CrossX indicator, which officially triggered a buy signal for Ethereum, is signaling a potential surge above $4,000 for the altcoin’s price. The market expert highlights that this is the first signal seen in nearly six months and, historically, has often preceded significant price action and explosive moves. Related Reading: Ethereum Price Threatened With Sharp Drop To $1,400, Here’s Why The CrossX Indicator, a tool used to detect high-probability trend reversals based on volume, price action, and divergence patterns, has shown remarkable accuracy in past cycles. As seen in the analyst’s weekly chart, previous buy signals were followed by rallies that took ETH to new local highs. Now, with Ethereum’s price rebounding off recent lows and a fresh Bullish Divergence in place, the same rally pattern may be unfolding again. If history repeats, ETH could be gearing up for a run beyond $3,000, with the possibility of testing the $4,200 range by year’s end. According to CoinMarketCap’s data, Ethereum is currently trading at $1,803, reflecting a yearly decline of 43.10%. A potential rise to $4,200 would represent a staggering 132.95% increase, bringing Ethereum (ETH) closer to its present all-time high of over $4,800. Featured image from Adobe Stock, chart from Tradingview.com
Movement, backed by Trump's World Liberty Financial, says it was duped into an agreement that experts say incentivized price manipulation.
Movement, backed by Trump's World Liberty Financial, says it was duped into an agreement that experts say incentivized price manipulation.
Binance founder Changpeng Zhao also spoke about his conversations with countries on crypto adoption at Token2049.
SIGN's rise is similar to FIL which also rose on an Upbit listing this month.
World Liberty Financial (WLFI), the crypto project backed by the Donald Trump family, is accelerating its international expansion plans amid meetings with industry expert Changpeng Zhao, the founder and former CEO of Binance. On April 27, WLFI founders Zach Witkoff, Zak Folkman, and Chase Hero held a high-profile meeting with Zhao in Abu Dhabi. According […]
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Binance is implementing new compliance measures for users in South Africa, effective April 30. According to an April 23 statement, the changes will require all its South African users to provide detailed information about the sender and receiver of any crypto transfer on the platform. The firm added that users initiating withdrawals must enter the […]
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Binance plans to change how South African users make crypto deposits and withdrawals to ensure greater regulatory compliance.
On-chain data shows a Solana whale has made a large withdrawal from Binance in the past day, a sign that could be bullish for SOL’s price. Solana Whale Has Made A Large Transaction In The Last 24 Hours According to data from the cryptocurrency transfer tracker service Whale Alert, a massive transaction has been spotted on the Solana network during the past day. Related Reading: Cardano Breaks Out Of Triangle—27% Surge Incoming? The transfer in question involved the movement of 374,161 SOL, worth around $52.7 million at the time the move was executed on the blockchain. Given the large scale involved, it’s likely that a whale entity was responsible for the transaction. Whales are the big-money investors who can carry some degree of influence in the market. Naturally, the movement of just one such holder is unlikely to directly affect the cryptocurrency’s price, but it can still be useful to keep an eye on it as it may reveal what the sentiment is like among the large entities. Given the anonymous nature of the blockchain, though, it’s hard to gain anything from many of the transactions, as they occur between self-custodial wallets. Such transfers can correspond to anything, whether that be P2P trading or a simple change of wallets. Some moves do have unique identifiers attached to them, however, like those that involve central platforms. Fortunately, the Solana whale transfer of relevance in the current discussion is of this type. Here are the wallet details related to this transaction: As is visible above, the sending address in the case of this Solana transfer was one attached to the cryptocurrency exchange Binance. The destination of the move, on the other hand, was an unknown wallet, meaning it wasn’t affiliated with any known central entity. A transaction of this type where coins flow from an exchange to a self-custodial address is called an exchange outflow. Generally, investors withdraw their coins from the custody of the exchanges when they plan to hold in the long term, so exchange outflows can prove to be bullish for SOL’s price. If the whale in the current transfer has truly made the withdrawal for accumulation purposes, then it could certainly be a positive sign for the asset, given the scale involved. Related Reading: Bitcoin Mega Whales Keep Buying—Is Rest Of Market Finally Catching Up? Just like how outflows can be positive, inflows can be negative instead. Another top cryptocurrency, XRP (XRP), has seen this latter type of whale transaction today. The details related to the XRP whale exchange inflow | Source: Whale Alert With this transfer, a whale has deposited a total of 29,532,534 XRP (about $62.6 million) to the cryptocurrency exchange Coinbase. If the investor has made the large move for selling-related purposes, then this could be a bad sign for the asset. SOL Price At the time of writing, Solana is trading around $134, up almost 4% in the last seven days. Featured image from Dall-E, whale-alert.io, chart from TradingView.com
Binance is reportedly guiding several governments on establishing strategic Bitcoin reserves and developing clear crypto regulations. In an April 17 interview on Financial Times, Binance CEO Richard Teng disclosed that multiple countries have approached the exchange for its expertise in navigating crypto-related initiatives. According to him: “We have actually received quite a number of approaches […]
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The token appeared on a Binance delisting list alongside FTX's FTT token.
Amazon Web Services (AWS) experienced a temporary outage on April 15 that disrupted several major crypto platforms and reignited concerns over the industry’s dependence on centralized infrastructure. On Social media platform X, Binance, the world’s leading crypto exchange by volume, revealed that it temporarily suspended withdrawals as a precaution after facing connectivity issues. The exchange […]
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Binance opened withdrawals just over five minutes after the issue was first reported. Users are still reportedly facing issues placing trades on both Binance and KuCoin, X posts show.
The sudden collapse of MANTRA’s OM token has sent shockwaves through the crypto market but drove its derivatives trading volume up by an eye-popping 7,000% in just 24 hours. Data from Coinglass reveals that trading activity surged to over $6 billion during this period, with Binance and Bybit accounting for more than half of the […]
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The report also claims Binance is lobbying Treasury officials to remove a monitor overseeing the company, and may soon list the USD1 stablecoin.
The judge in the case granted the parties' last joint request for a 60-day pause back in February, citing ongoing work by the SEC's crypto task force.
The parties previously asked a judge to pause the case for 60 days.
The Binance listing did not contribute to a continuation in price action.
A volume drop of such magnitude suggests traders and investors are losing interest or confidence, possibly due to uncertainty, fear, or waiting for better conditions.
Binance plans to launch the reward-bearing margin asset LDUSDT for its futures platform and the former Ethereum developer Virgil Griffith gets out of prison on parole.
Binance has announced the upcoming release of LDUSDT, a new token designed to serve as a reward-bearing margin asset for Futures trading, according to an April 9 statement. Binance explained that LDUSDT is not just another trading tool—it’s also a vehicle for passive income. It enables users to participate in futures trading while simultaneously earning […]
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