Author: NBTC

A whale is selling $LINK tokens to take profits. Between March 24, 2023, and March 25, 2024, the whale took out 1.75 million tokens, which are worth almost $12.3 million, from the Kraken exchange. After more than a year, 0x7fBB is now taking advantage of the recent rise in market prices. Whale 0x7fBB recently started selling $LINK for profit!Between Mar 24, 2023 and Mar 25, 2024, the whale withdrew 1.75M $LINK($12.3M) from #Kraken at an average price of $7.03 and held for over a year.Since May 27, he has deposited 403K $LINK($5.87M) to #Binance and still… pic.twitter.com/m3ReQ95bRa — Lookonchain (@lookonchain)…

Enterprise blockchain company Ripple has filed a supplemental letter in support of its motion for an indicative ruling. Ripple argues that approving the recently negotiated settlement would place the company “on more comparable footing” compared to other industry participants. “…the settlement would also place Ripple on more comparable footing with other industry participants whose cases were dismissed much earlier in their lifecycle as a matter of SEC discretion,” the letter said. The SEC previously dismissed cases against such major players as Coinbase and Kraken. When it comes to Ripple, the SEC agreed to slash the company’s penalty to $50 million…

Within the scope of cryptocurrency regulation studies carried out in Türkiye, many obligations have been imposed on crypto exchanges, such as the obligation to register with the CMB. In this context, while there are only two weeks left until the deadline to fulfill the requirements of the CMB’s secondary regulations, sad news came from a well-established stock exchange. Bitfinex, which is among the important exchanges like Binance Türkiye in the “List of Active Exchanges” published by the CMB, has decided to withdraw from Türkiye. Accordingly, Bitfinex, one of the most important and largest exchanges globally, officially announced that it has…

Bitcoin’s implied volatility has collapsed to its lowest level in a year as tension between the U.S. and China appear to settle after a new round of negotiations began on Monday at Lancaster House in London. The trade talks are projected to run up to at least two days, with the prospect of resuming progress from negotiations in Geneva last month which began to ease tension between the two nations. Bitcoin, meanwhile, has stayed above the $100,000 range, going up 4.5% over the month, with its price hovering around $108,000 level at press time. These trade and economic tensions have…

Ethereum is poised above $2,500 amid massive whale accumulation Also signaling bullish sentiment is the surge to 35 million staked ETH for Ethereum staking. The Ethereum price could rally amid multiple catalysts. Ethereum (ETH) is witnessing a significant surge in staking activity, underpinned by aggressive accumulation from large holders. As whales up their buying pressure, Ethereum’s price has shown greater resilience above the $2,500 level. According to CoinMarketCap, ETH traded around $2,549, down 2% and 7% in the past 24 hours and week respectively. However, the top altcoin remained above the crucial level and was seeing massive whale buying. Crypto…

Bitcoin (BTC) and the cryptocurrency market have experienced a decline in recent days as US customs duties, which were suspended by US President Donald Trump, have become a current issue again. Having fallen by 5.2% in the last week, BTC saw below $104,000, but with a slight recovery, it rose just above $104,000 again. Despite this decline, the expectation of an increase in Bitcoin and altcoins continues, and the agenda of the cryptocurrency sector today includes the speech to be made by US Federal Reserve (FED) Chairman Jerome Powell. Jerome Powell, who will speak at the 75th Anniversary Conference of…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Solana’s real economic value, app revenue, and DEX volumes were all up on the order of 20-30% in May, but one noteworthy figure didn’t keep pace: stablecoin supply. Today, there are 15% fewer stablecoins on Solana than a month ago, per Blockworks Research data. Stablecoins are often an important source of liquidity for doing things like swapping in and out of SOL, although Solana’s stablecoin dip comes after the gray swan that was Donald Trump’s memecoin. Solana’s stablecoin supply doubled essentially overnight when Donald Trump’s memecoin was…

The overwhelming bipartisan passage of the U.S. Senate’s stablecoin bill, with a 68-30 final vote that saw a huge surge of Democrats joining their Republican counterparts on Tuesday, sets a new high-water mark of crypto policy efforts in the U.S. as the legislation now heads to the House of Representatives. The major Democratic backing for the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act helps give it momentum as it lands in the other chamber, where House lawmakers can either vote on it as written or pursue changes that will require a final round in the…

Partnership news continues to come in the cryptocurrency industry. At this point, the latest news came from two popular altcoins, Alchemy Pay and Ripple. Accordingly, Alchemy Pay announced in its statement that they have established a partnership with Ripple. Alchemy announced in a post on its Pay X account that it has partnered with Ripple – XRP and provides fiat-to-crypto migration services for Ripple’s fully-backed stablecoin RLUSD. The Alchemy Pay – Ripple integration will allow users in 173 countries to access RLUSD via local payment methods. “Alchemy Pay, the world’s leading crypto payment solution provider, announced a strategic partnership with…

A newly created wallet has placed a high-stakes $54.5 million long bet on Bitcoin. He made the trade through Hyperliquid, using 20x leverage. The move has stirred speculation about its potential impact on Bitcoin’s price direction. Whale Opens $54.5M Leveraged Position On June 9, on-chain data revealed that wallet 0x1f25 deposited $10 million USDC into Hyperliquid, a decentralized perpetual exchange. The wallet then opened a 20x leveraged long Bitcoin position valued at $54.5 million, equal to 511.5 BTC. Related: Binance Users Shed $223 Million in Tether and Bitcoin Holdings to Buy More Ethereum Blockchain tracker Lookonchain first reported the activity.…