Ripples XRP is under pressure after a wave of long liquidations rocked Binance this week, sparked by growing speculation around major token dumps by Ripple co-founder Chris Larsen. According to on-chain investigator ZachXBT, Larsen-linked wallets offloaded 50 million XRP, valued at about $175 million, to multiple addresses starting July 17, with around $140 million allegedly
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Bitcoin’s price tumbled by more than four grand in the past 12 hours or so amid reports that Mike Novogratz’s Galaxy Digital has initiated a substantial sell-off for roughly $1.5 billion in BTC. The move south has harmed over-leveraged traders, with nearly 150,000 such market participants getting liquidated on a daily scale. The primary cryptocurrency
Around 103,500 Bitcoin options contracts will expire on Friday, July 25, and they have a notional value of roughly $12.6 billion. This one is much larger than last weeks expiry, being an end-of-month event, but unlikely to be enough to influence spot markets, which have been on the back foot for most of the week.
The list of companies embracing Ripple’s XRP for treasury holdings is steadily growing. Only a few contenders have utilized this strategy so far, but with easing regulations and increasing adoption, the trend could intensify soon. Nature’s Miracle Holding Inc., a publicly traded company (ticker: NMHI) specializing in farming technology, announced on Wednesday that it is
Joseph Lubin’s cryptocurrency enterprise has undergone a recent personnel rearrangement, according to recent reports. In the last two years, Consensys has reduced its workforce by 38% amid institutional turmoil, legal battles, and macroeconomic setbacks. According to Tuesday’s Bloombergreport, the company behind the MetaMask wallet will reduce its workforce by 7%, or 49 people, in an
The stablecoin behemoth is benefiting from the easing of crypto regulations in the world’s fourth-largest country by landmass. Despite numerous roadblocks, the company says its main priorities remain growth, expansion, and cooperation. In a July 23rdinterview with Bloomberg, the CEO of the company, Paolo Ardoino, shared his plans for broading within US soil, after the
Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. US crypto watchers are on edge. A new policy report is set to land before the month ends – and it could reshape how digital assets fit into
Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin continues to hover below its all-time high, with current trading levels near $118,000 reflecting a 0.6% daily drop and a 3.8% pullback from the peak above $123,000
Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. On-chain data shows the XRP whales have transferred significant amounts in the asset during the past day. Here’s where the coins are heading. According to data from cryptocurrency
Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s recent price action reflects a consolidation phase rather than a decisive move in either direction. After briefly touching an all-time high of over $123,000 earlier this month,
Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP price started a downside correction from the $3.650 zone. The price is now trading below $3.30 and remains at risk of more losses. XRP price started a
Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum price started a downside correction from the $3,850 zone. ETH is now moving lower but might find bids near the $3,520 support zone. Ethereum price failed to
First time in over a year, Ethereum spot trading volume is greater than Bitcoins, reported CryptoQuant on Wednesday. Last week, ETH spot trading hit $25.7 billion compared to $24.4 billion for Bitcoin, it added, noting that this pushed the ETH/BTC spot volume ratio above 1 for the first time since June 2024. Investors are rotating
Most altcoins have headed south over the past several hours, and the second-largest is no exception. XRP, which was among the top performers until yesterday evening, has plunged by double-digits to a new weekly low. As such, it has caused substantial losses to over-leveraged traders, even more than BTC. What goes up, must come down,
The US Justice Department has dropped its criminal investigation into Kraken co-founder Jesse Powell. The investigation was launched in 2023 and did not focus on Powell’s crypto dealings. Instead, it centered on allegations from the Verge Center for the Arts – a nonprofit he founded – that he had hacked its accounts and blocked email
The manufacturing firm has turned to the asset, adopting the treasury model, citing steep financial losses. It has joined the rising list of Japanese companies adopting this strategy, contributing to the billions of dollars already invested in bitcoin within the country. Kitabo Co., Ltd, a company that engages in the production and sale of synthetic
Binance’s unrealized profit on its Bitcoin reserves has reached an all-time high of around 60,000 BTC. The latest data revealed that Binance’s BTC reserves have been on a steady decline since September 2024, from approximately 631,000 BTC to 574,000 BTC, even as the crypto exchange’s unrealized gains on these holdings continue to climb. The reserves,
The battle for stablecoin dominance has intensified amidst the broader market rally. New data suggests that the distribution of Tether (USDT) supply between Tron and Ethereum networks appears to alongside Bitcoin’s price cycles. In its latest post, CryptoQuant revealed that Tron’s USDT supply was just a fraction of Ethereum’s, with a ratio of 0.3 in
Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Solana started a fresh increase above the $185 zone. SOL price is now correcting gains and might find bids near the $195 support zone Solana price started a
Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin’s price remains in a zone where it is seeing little upward momentum as it continues to hover below its recent all-time high. After reaching above $123,000 earlier
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