Author: NBTC
According to on-chain data, a massive 104 million XRP transaction has birthed a new XRP whale, which refers to large holders of a specific cryptocurrency. The said whale surfaced after a recent transaction saw 104 million XRP, valued at approximately $56 million, transferred in a single move. The transaction reported by blockchain tracking tool Whale Alert involved the transfer of 104,035,551 XRP from an unknown wallet to a newly created wallet. WhaleAlert reported: “104,948,961 XRP worth $52,305,486 transferred from unknown wallet to unknown new wallet.” 🚨 🚨 🚨 104,948,961 #XRP (52,305,486 USD) transferred from unknown wallet to unknown new wallethttps://t.co/Ka3GAwjOMw…
Bitcoin’s price has recently struggled to close above the $70,000 mark, a critical level needed to gain momentum toward its all-time high. Despite several attempts, BTC has been unable to maintain a solid footing above this barrier, which has slowed the bullish momentum. However, there are signs that larger holders may be stepping in, which could create the conditions for a renewed push. Bitcoin Whales Are Driving the Optimism According to recent data from Santiment, retail traders appear to be offloading Bitcoin, with whales seemingly capitalizing on the dip. This shift in trading behavior is significant, as it suggests that…
The latest data from IntoTheBlock shows that large-scale transactions in Shiba Inu (SHIB) have increased by over 361% in the past 24 hours. The number of transactions in USD went from $10.95 million to $39.6 million, with the total amount of SHIB going from 628.55 billion to 2.34 trillion tokens. This is a pretty big jump in SHIB activity among big holders, who made 147 transactions over $100,000 in the indicated time period. This surge in major SHIB transactions suggests that major investors, also known as “whales,” are getting more interested. This does make one wonder why these moves are…
Under a new amendment to South Korea’s Virtual Asset User Protection Act, crypto exchanges can now immediately suspend transactions for legitimate reasons. South Korean regulators introduced this new provision to combat hacking, money laundering, and fraud. This allows exchanges to act swiftly without notifying users beforehand, though they must do so afterward. South Korea’s first crypto user protection act took effect on July 19, 2024. The Virtual Asset User Protection Act aligns with the country’s plan for industry expansion, ensuring customer security. In recent months, South Korea has implemented a series of rules to reduce increasing threats and unfair trading…
Will a rising bitcoin price cure El Salvador’s indebtedness to the International Monetary Fund (IMF)? Earlier this week, Tim Draper claimed a rally to $100,000 per bitcoin would allow the country to repay its IMF loans “and never have to talk to them again.” The claim sparked a discussion about how much debt El Salvador owns — and how much bitcoin can contribute to easing its burden. With some generous math, Draper’s claim that $100,000 bitcoin would allow IMF repayment has superficial merit. Specifically, El Salvador owes 107.7 million SDRs to the IMF worth 1.35049 USD apiece. In other words,…
IOTA is expected to perfectly align with the current momentum of the tokenization market to capitalize on the potential $68 trillion valuation projected for 2030. A researcher has disclosed that the real estate sector, which had a business volume of $4.4 trillion last year, could reach $5.1 trillion by the end of the decade. A report recently released by Standard Character and Synpulse estimates that the tokenization market will reach $30.1 trillion in the next 10 years. According to the projection, trade finance, which is among the top three classes of tokenized assets globally, would make up 16% or $4.8…
SINGAPORE, Nov 18 (Reuters) – Cryptocurrency exchange OKX said on Monday it would offer instant Singapore dollar-denominated deposits and withdrawals to customers in the city-state, taking a step to deeper integration with Singapore’s traditional financial system as trading and interest in cryptocurrencies surge. The funds transfer service will be facilitated by Singapore’s biggest bank DBS Group (DBSM.SI), opens new tab and done via the country’s PayNow and Fast and Secure Transfers (FAST) payment services, OKX said in a statement. Interest in cryptocurrencies has surged following Donald Trump’s U.S. presidential election victory, on the view that friendlier regulation under his administration…
Bitcoin whales have reached a historic milestone by accumulating 670,000 BTC, the highest level of whale holdings on record, according to a post by crypto analysis firm CryptoQuant. Although Bitcoin recently experienced a slight retracement, it has been trading within a steady range of $66,000 to $69,000 over the past 10 days, signaling a potential upward trend as it attempts to break its all-time high of $73,000. This accumulation by Bitcoin whales is significant and is viewed as a bullish signal, aligning with historical patterns where whale buying behavior often precedes major price rallies. Bitcoin 1-Year Change in Whales Holdings…
Bitcoin’s sideways movement close to the $90,000 mark has calmed down the broader cryptocurrency market with declining trading volumes on centralized exchanges. Binance, the largest crypto exchange by trading volume, saw a 15.2% decline in its daily trading volume to $26.6 billion, according to data provided by CoinGecko. The CEX platform has listed 385 tokens with 1,260 trading pairs so far. Data shows a 14.6% decline in the Bybit trading volume to $5.7 billion. The Dubai-based trading platform has listed more tokens than Binance — 512 crypto assets — but fewer trading pairs than the largest crypto exchange — currently…
QuickSwap, the most popular DEX on Polygon and one of the largest EVM dApps, shares its ambitions of expanding to Ethereum’s L1. The platform is ready to introduce a one-stop liquidity hub to address issues of cross-chain value transfer and crypto liquidity fragmentation. Top Polygon DeFi QuickSwap coming to Ethereum L1, announces Liquidity Hub Polygon’s DEX QuickSwap announces the onset of its Liquidity Hub on Ethereum’s L1. Powered by Orbs Network’s decentralized infrastructure, the Liquidity Hub serves as a swap aggregator, tapping into multiple liquidity sources to provide Ethereum users with optimized prices, reduced slippage and minimized transaction fees on…