Ripple Chairman Chris Larsen has invested $10 million in Yellow, a new platform built on Ethereum. Yellow is a Layer 3 solution offering almost zero delay in trade matching, making crypto transactions faster and more efficient. It promises lightning-fast settlement times and plans to explore integration with the XRP Ledger’s EVM sidechain. This investment has …
India has made significant strides in combating money laundering and terrorist financing, receiving high praise from the Financial Action Task Force (FATF). A joint assessment by the FATF, Asia-Pacific Group (APG), and Eurasian Group (EAG) commended India for strong technical compliance with FATF standards. However, areas like the non-financial sector and virtual asset providers require …
Michael Saylor, the CEO of Microstrategy in the latest tweet has shared his bullish prediction on Bitcoin amidst the SEC’s approval of BTC ETFs options. He shared that the approval of options for IBIT will accelerate institutional Bitcoin adoption. On Friday, the U.S. Securities SEC approved the listing and trading of options for BlackRock’s spot …
This week, Bitcoin ETFs witnessed strong inflows as the Bitcoin price briefly touched the $64k peak. This week’s net flow totals $397M, with net inflows on 4 out of 5 trading days. The second consecutive bullish week for Bitcoin ETF ends, following the $403M inflow last week. Ending the week on a positive note, the …
The Ethereum Foundation has sold another 300 ETH for 763,092 $DAI amid the recovery rally for the second biggest cryptocurrency. In the last three weeks alone, the Foundation has offloaded 950 ETH tokens worth almost $2.27M at an average of $2,392. Ethereum Foundation’s selling spree reveals a pattern of sales events occurring every 4-7 days. …
Shiba Inu has seen increased whale activity as data showed 1.3 trillion SHIB transferred in large transactions of no less than $100,000 in the past day. This figure is 115% higher than the day before. In dollar terms, the increase was characterized by a $10.15 million increase in the volume of large transactions. Notably, Over …
Michael Saylor, founder of MicroStrategy, recently announced the acquisition of 7,420 BTC for approximately $458.2 million, at an average price of $61,750 per Bitcoin. This move brings MicroStrategy’s total Bitcoin holdings to 252,220 BTC, valued at around $9.9 billion. The company has achieved a 5.1% yield for the quarter and 17.8% year-to-date. Saylor’s continued investment …
Another bullish event for crypto! The Bank of Japan (BOJ) has decided to keep interest rates steady at 0.25%, easing fears of a Yen carry trade unwinding. This decision spurred the Nikkei index to rise by 2.10%. As a result, Bitcoin climbed 3%, nearing $64,000, while altcoins like Ethereum saw gains between 4-10%. BOJ officials …
A dormant whale wallet holding 50 Bitcoins worth over $3.00 million, reactivated after 15.6 years. Reportedly, a transaction took place at 06:49:10 UTC (~40 minutes ago) at a hash of “6ce746e”. Moreover, the sender had processed a transfer of 50 BTC from wallet “18E5d2” to “bc1q18”. Further, the receiver received 49.99998924 Bitcoin (BTC) and the …
A Vitalik Buterin-linked wallet has moved 1,300 Ethereum, worth $3.17 million, to another wallet “0x5567”, raising speculations over the potential reason and market impact. After receiving the funds, the wallet has moved 74.17 Ether, worth about $181,000, to a popular crypto platform Paxos. About 348 days ago, the same wallet (sender) moved 1,000 ETH, valued …
In a bullish crypto market push today, with Bitcoin surging to $62K, and Ethereum’s 5% recovery to $2,430, there have been profiting crypto trading opportunities for traders. An Ethereum investor has returned to the market to make $12.85 Million from his earlier $15.5k investment. Lookonchain reported that an Ethereum ICO participant deposited 10,000 ETH worth …
According to Arkham, MicroStrategy made significant Bitcoin transfers earlier today. Between 1:12 and 1:59 UTC+8, the firm shifted 4,922.697 BTC—valued at approximately $294 million—into three unmarked new addresses: bc1qtr…w3rad7, bc1qfy…umtjgl, and bc1qmk…0ecgzt. These movements come as part of the company’s ongoing Bitcoin strategy, further boosting its position as one of the largest BTC holders globally. …
According to Tether’s transparency page, the authorized issuance of $USDT on the $TON blockchain has exceeded $1.03B, with an additional $309.33m authorized but not yet issued. Clarifying the same, CEO Paolo Ardoino said that this is an “authorized but not issued transaction.” The minting is intended for future requests and chain swaps, ensuring liquidity as …
Reportedly, a whale/institute has withdrawn 3,933 BTCs worth $234 million from Binance since 29th August. Notably, the average withdrawal price of Bitcoin was $59,591. Moreover, the latest withdrawal was recorded about 6 hours ago. Further, this accumulation was recorded after the whale had reportedly dumped 7,790 BTCs worth $467 million to Binance with an average …
With the price of Bitcoin reclaiming the $60K level, a whale has bought 1,062 BTCs worth $63.96 million with an average buy price of $60,225.98. With its recent buy, this whale/institution now holds a total of 10,043 BTCs worth ~$604 million. Notably, the whale withdrew 300 Bitcoins worth $17.41 million on 12th September with an …
On 13th September, 7 out of 11 BTC ETFs have recorded a positive flow. Reportedly, Fidelity’s “FBTC” recorded the highest inflow with $102.1M followed by Ark’s “ARKB” with $99.3M. Notably, no ETFs have recorded a negative flow for the second time this month. With this, the total flow of Bitcoin ETF concluded at $263.2M. On …
According to on-chain data from Solscan, a Solana whale unstacked 106,213 SOL, worth $14.3 million. Quickly, after unstaking the locked tokens, the whale transferred the funds to Binance. The whale exiting the Ethereum-killer project makes news after Solana makes headlines for achieving the highest daily active address count of 5.5 million.
In a recent survey conducted by Visa and Castle Island Ventures, a surge in stablecoin usage in H1 2024 was revealed. With settlement volumes expected to reach $5.28 trillion by year-end, the study reveals the adoption growth of stablecoins in the real world. The practical use cases range from cross-border payments, remittances, payrolls, and trade …
Altcoins are stepping into the spotlight as Bitcoin falters. Recently, Bitcoin dropped to $52,827, falling nearly 11% before rebounding to $58,101. Despite this recovery, Bitcoin has struggled to break the $60,000 barrier since August. Meanwhile, Bitcoin’s market dominance has slipped by 1.3%, while the market cap of altcoins outside the top ten has climbed by …
With a jump of 2.13%, the cryptocurrency market has reclaimed the $2 Trillion mark. Successively, the BTC price has reclaimed the $58K mark with a jump of 3.01% within the past day. With a trading volume of $37.023 billion, it has recorded a 24-hour High/Low of $58,454.16 and $55,567.34. Following this, ETH price added 1.32% …
With the rising negative sentiment in the market, the Bitcoin whale transaction has recorded a drop of 33.6% in transfer value exceeding $100K. On the other hand, Ethereum has recorded a massive drop of 72.5% in transfer value exceeding $100K. Considering the historic sentiments, this trend has been recorded multiple times. This generally indicates the …
Ethereum co-founder Vitalik Buterin has made a significant move by staking 950 ETH worth $2.24 million with 2.277 million USDC over AAVE. The move comes after a streak of wallets linked to Buterin offloading ETH in the market. As a sudden shift in mentality, the transaction attracts bullish attention in the market.
As the crypto market bounced back, a whale withdrew 800 BTC worth approximately $45.37 million from Binance. This whale has a history of making poor trades and often entered at high prices, resulting in significant losses. To date, the whale has accumulated more than $40 million in losses. The wallet address associated with these transactions …
Stocks in the Spotlight! Robinhood stock surged by 4.7% after a bullish Bernstein report projected a $23 billion market cap by 2024. The company has seen a 66% year-to-date stock rise, largely fueled by crypto ventures. In Q2 2024, its crypto-based revenue spiked by 161%, reaching $81 million. The company’s recent plans, including acquiring Bitstamp …
Bitcoin’s recent outflows have surged to $750 million, marking the highest net withdrawal since May. This huge shift suggests that investors are moving their BTC into cold storage, potentially signaling a rise in confidence and a bullish outlook for Bitcoin. According to Juan Pellicer from IntoTheBlock, the increase in outflows could be due to investors …
Amid a bullish recovery, the cryptocurrency market has successfully reclaimed the $2 Trillion mark with a jump of 3.53%. Following this, Bitcoin price added 3.63% to its valuation with a trading volume of $33.34B. Moreover, the star crypto had surpassed the $58k mark during the early Asian trading hours with a High/Low of $58,041.12 and …
In recent news, 1kx Network, an early investor in Rocket Pool, has just deposited 203,320 $RPL worth $2.37M over Binance. The move comes just after the 22% surge with Binance’s RPL perpetual contract launch. In December 2020, 1kx received 500,000 $RPL at an average of $2.56. Since August 29th, 2024, they’ve deposited a total of …
Rocket Pool (RPL) is on a roll; Binance Futures has announced the launch of the RPLUSDT Perpetual Contract, starting today at 12:30 UTC. Based on Rocket Pool (RPL) and settled in USDT, the contract features a tick size of 0.01 and a maximum leverage of 75x. Trading will be available 24/7, with funding fees settled …
Earlier today, Metalpha deposited 10,000 ETH, worth approximately $23 million, into Binance, according to blockchain tracker Lookonchain. This follows a series of significant Ethereum transactions by Metalpha, totaling 23,589 ETH, or roughly $54.1 million, sent to Binance over the past three days. On September 6, Metalpha withdrew 5,994 ETH (about $14.07 million) from Lido before …
About an hour ago, the Ethereum Foundation sold 450 ETH tokens for 1,029,000 DAI tokens. This comes after Vitalik linked wallet sells tokens worth $1.83 million USDC with an average selling price of $2,414. With this, the foundation has sold a total of 550 Ethereum worth ~1.28 million over the past 4 days. Notably, the …