[ad_1] On-chain data shows smart money flowing into Ethereum (ETH) as whales/ institutions accumulating the asset. Today, a major whale whose wallet address identified to belong to Cumberland withdrew 27,632 ETH (worth $50.24 million) from trading platforms including Copper, Binance, and Coinbase. This market activity shows renewing interest among large investors on Ether. It seems that whales/institutions are accumulating $ETH!Over the past 3 hours, a wallet linked to #Cumberland has withdrawn 27,632 $ETH($50.24M) from #Copper, #Binance, and #Coinbase.https://t.co/2CNtRUpICk pic.twitter.com/FK0A68w1vT — Lookonchain (@lookonchain) April 29, 2025 Whale activity shows confidence in Ether This prominent whale’s move into the Ethereum market with…
Author: NBTC
[ad_1] The Bank of Italy has warned that President Donald Trump’s aggressive push to normalize crypto could wreck the global financial system. In a financial stability report published on Tuesday, officials in Rome said the United States’ growing support for crypto assets risks making them so important that a future collapse would hammer banks, bond markets, and the real economy. According to the Bank’s report: “The strong growth of Bitcoin and of other crypto assets with high price volatility means risks not only for investors but also potentially for financial stability, given the growing interconnections between the digital asset ecosystem,…
[ad_1] A SHIB whale who accumulated nearly 198.17 billion tokens over the past month appears to have exited its position, sending the full amount back to Coinbase just 16 hours ago. The tokens, now worth approximately $2.71 million, were sent to a Coinbase hot wallet in a single transaction – likely signaling a sale or preparation to sell. Looking at on-chain data by Arkham Intelligence, the same wallet received three incoming transfers from Coinbase between one month and three weeks ago, totaling roughly the same amount: 87.28 billion, 32.20 billion and 78.67 billion SHIB. At the time of those transfers,…
[ad_1] Currency.com, a platform operating at the intersection of crypto, trading, and payments, is in talks with N7 Capital. The firm has signed a Letter of Intent with an investor linked to CXNEST LTD, Currency.com’s parent company, for a potential stake acquisition. Although the financial details of the transaction remain undisclosed, N7 Capital aims to support the aspects of traditional finance with the evolving digital asset economy. The investment aligns with a broader trend of fintech-focused capital moving into more institutionally-minded crypto ventures. Currency.com, which offers trading services, asset custody, and payment solutions, has recently undergone strategic repositioning. Positioning for…
[ad_1] Chainstack, a prominent Web3 infrastructure platform, has announced complete support for Scroll, a well-known Ethereum-focused L2 scaling solution using zkEVM, on its native Unlimited Nodes. Chainstack’s support for Scroll on Unlimited Nodes endeavors to expand Web3 infrastructure by allowing developers to seamlessly pay in $SCR, deploy diverse Scroll nodes, and more. The platform took to social media to announce this support. Chainstack is proud to support @Scroll_ZKP on Unlimited Nodes.Builders can now deploy Scroll nodes, pay seamlessly in $SCR, and enjoy unlimited RPC requests.Simple flat-rate RPS tiers, no concerns about usage overages or CU/method-weight pricing complexity.… pic.twitter.com/0xxl3JFT3H — Chainstack…
[ad_1] Bitcoin has surpassed the $95,000 as it continues to climb higher. Analysts predict the BTC rally could catapult the cryptocurrency back to its $100,000 level. According to data from crypto.news, the largest cryptocurrency by market cap has ended the month strong after it soared as high as $95,444 in the past 24 hours of trading. The last time BTC stood at $95k was in mid-February before it plummeted lower and settled below $80,000 at the beginning of this month. At press time, BTC has maintained its position above the $95,000 mark, going up slightly by 0.1% and settling at…
[ad_1] Ethereum is currently trading above the $1,800 mark, holding strong after weeks of volatility but struggling to reclaim the critical $2,000 resistance level. Bulls have managed to push prices higher, yet momentum must continue building for a full breakout. Analysts are closely watching Ethereum’s movements, noting that the market is preparing for a decisive move that could shape the coming weeks. Global macroeconomic tensions remain a challenge, but optimism is growing across crypto markets. Top analyst Daan shared insights revealing that ETH is still consolidating within its current range against Bitcoin (BTC). According to his analysis, he’s watching the…
[ad_1] U.S. stocks closed higher as investors welcomed signs of progress on trade policy and processed a flurry of corporate earnings. The Dow Jones Industrial Average rose 300 points, or nearly 0.75%, while the S&P 500 gained 0.6% and the Nasdaq Composite added 0.5%. The bounce gained momentum in the afternoon after U.S. Commerce Secretary Howard Lutnick told CNBC that a trade deal with an unnamed country was “done” but awaiting approval abroad. Investors interpreted the remarks as a positive signal amid uncertainty surrounding Trump’s trade strategy. Despite the rally, President Donald Trump’s first 100 days of his new term…
[ad_1] A prominent XRP community commentator suggests why banks could utilize XRP amid what he believes is a looming financial crisis. Notably, XRP maintains resilience amid bearish pressure, holding firm above the $2.2 price level despite struggling to break beyond it. As the broader crypto market enters another consolidation phase, XRP has faced a roadblock to its recent recovery push. However, community pundits such as Versan Aljarrah, co-founder of Black Swan Capitalist, believe the asset’s long-term potential remains bullish. Aljarrah recently resurfaced a video analysis titled “Why Banks are Holding XRP” to explain how XRP could fit in the financial…
[ad_1] In a recent update shared on social media platform X, Binance.US, the American arm of major crypto exchange Binance, has made it known that it will retire existing deposit addresses for IOTA as part of its support for the upcoming IOTA mainnet upgrade. Important update from @BinanceUS ⤵️ https://t.co/ZpfTlqwI6A — IOTA (@iota) April 29, 2025 In a recent X article, Binance.US announced its support for the upcoming IOTA network mainnet upgrade, scheduled to take place on May 5, 2025, from 3:00 a.m. EDT. In preparation for the upgrade, Binance.US indicated that it will retire existing deposit addresses for IOTA…