Binance Square
Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
Crypto Web3 Today
Bullish
--・73.6k views
XRP Alert: Massive 210 Million XRP Move Sparks Intrigue. XRP, the sixth largest cryptocurrency, is commanding attention owing to its latest on-chain activity. A staggering 210 million XRP tokens were transferred between unknown whale wallets, sparking intrigue and speculation within the crypto community. Crypto data tracker Whale Alert reports, "210,020,140 XRP worth $128,921,343 was transferred from unknown wallet to unknown wallet." In this case, the wallets remain unidentified, with no registered usernames on XRPL explorer Bithomp, adding to the mystery. In what might shed a little clue, the receiving wallet was activated by KuCoin in 2020 with 900 XRP, suggesting it might be a KuCoin-based wallet. This week has brought on regulatory developments that triggered concerns across the board; hence the speculation surrounding the XRP move, whose motives remain unknown. On Tuesday, U.S. prosecutors charged the KuCoin crypto exchange and two of its founders with violating the country's anti- money laundering rules. The Commodity Futures Trading Commission (CFTC) also filed its complaint against the exchange. The news initially triggered a withdrawal frenzy on KuCoin. In the wake of the development, Johnny Lyu, the KuCoin CEO, reassured users, stating that the legal matter was being handled appropriately. In addition, individuals who suffered longer- than-expected wait times throughout the withdrawal process were eligible for a $10 million airdrop in KCS and Bitcoin. In a separate development that pertains to the Ripple lawsuit, the U.S. Securities and Exchange Commission (SEC) is seeking fines and penalties totaling $2 billion regarding institutional XRP sales. Judge Torres ruled in July 2023 that Ripple's sale of XRP worth $728.9 million to hedge funds and other sophisticated buyers amounted to unlawful sales of unregistered securities. Ripple intends to respond to the SEC in April. At the time of writing, XRP had risen 1.17% in the last 24 hours to $0.628, extending its recovery from March 28 lows of $0.60 into the second day.

XRP Alert: Massive 210 Million XRP Move Sparks Intrigue.

XRP, the sixth largest cryptocurrency, is commanding attention owing to its latest on-chain activity. A staggering 210 million XRP tokens were transferred between unknown whale wallets, sparking intrigue and speculation within the crypto community.

Crypto data tracker Whale Alert reports, "210,020,140 XRP worth $128,921,343 was transferred from unknown wallet to unknown wallet."

In this case, the wallets remain unidentified, with no registered usernames on XRPL explorer Bithomp, adding to the mystery.

In what might shed a little clue, the receiving wallet was activated by KuCoin in 2020 with 900 XRP, suggesting it might be a KuCoin-based wallet.

This week has brought on regulatory developments that triggered concerns across the board; hence the speculation surrounding the XRP move, whose motives remain unknown.

On Tuesday, U.S. prosecutors charged the KuCoin crypto exchange and two of its founders with violating the country's anti- money laundering rules. The Commodity Futures Trading Commission (CFTC) also filed its complaint against the exchange.

The news initially triggered a withdrawal

frenzy on KuCoin. In the wake of the

development, Johnny Lyu, the KuCoin CEO,

reassured users, stating that the legal

matter was being handled appropriately. In addition, individuals who suffered longer-

than-expected wait times throughout the

withdrawal process were eligible for a $10

million airdrop in KCS and Bitcoin.

In a separate development that pertains to the Ripple lawsuit, the U.S. Securities and Exchange Commission (SEC) is seeking fines and penalties totaling $2 billion regarding institutional XRP sales.

Judge Torres ruled in July 2023 that Ripple's sale of XRP worth $728.9 million to hedge funds and other sophisticated buyers amounted to unlawful sales of unregistered securities. Ripple intends to respond to the SEC in April.

At the time of writing, XRP had risen 1.17% in the last 24 hours to $0.628, extending its recovery from March 28 lows of $0.60 into the second day.

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Replies 6
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
Crypto Web3 Today
@Crypto_Web3_Today

Explore More From Creator

XRP Eyes Big Bullish Rebound, Here Are Catalysts to Watch. The digital currency ecosystem has slipped back into its bearish state once again with XRP being one of the most impacted. At the time of writing, XRP is changing hands for $0.5149, down by 2.12% in the past 24 hours, per CoinMarketCap data. The price shifted from the 24-hour high of $0.5294 and traded as low as $0.5104 before rebounding to its current level. As seen in the price trends, brighter days might be ahead for XRP. Though there are still some unique headwinds impacting the price boom, the digital currency might have hit its floor price. Overall, XRP is on track for a big bullish rebound as some key catalysts align within its ecosystem. For XRP, it has a relatively underperforming price trend, with entities like Forbes calling out its downtrend. As such, utility remains a key catalyst that can reshape sentiment. Notably, the visible embrace by XRP whales is one key trend that can recertify the coin as one that top investors are favoring. Whale transactions, especially if directed toward buy-ups, have a way of reigniting market-wide confidence. The escrow impact by Ripple Labs also needs to be closely watched alongside the embrace of the coin by top institutional investors. Ripple's pivotal role. The close association of Ripple Labs with XRP is capable of making or marring XRP's growth. The blockchain payments firm has unveiled its plans to launch its stablecoin, one that will compete with the dominant options in the industry like Tether (USDT) and USD Coin (USDC). While the operational modalities of the Ripple stablecoin have not been revealed, if XRP is made to feature in the minting and redemption, business can introduce a unique utility that will increase the demand for the coin in the long term. Many analysts are also generally bullish on XRP with different projections on its price target. In the near term, XRP's immediate target lies at the $0.6 price market.
--
Ethereum Co-Founder Vitalik Buterin Defends Switch To PoS. Ethereum co-founder Vitalik Buterin has defended the switch from Proof-of-Work to Proof-of-Stake amid growing community questioning. Amid growing internal wrangling within the Ethereum community, the protocol's co-founder Vitalik Buterin has offered some explanations for defending the network's switch from Proof-of-Work (PoW) to Proof-of- Stake (POS) consensus mechanism. Specifically, his response came as a direct reaction to an X post from American entrepreneur Amanda Cassatt. Ethereum Community Members Questioning PoS Switch. Cassatt claimed to have noticed how many Ethereum community members are privately expressing their displeasure about the network's transition to PoS. She went on to recant how some community members wish that Ethereum had stuck with the PoW consensus algorithm. As a boost to support the reasons behind the switch to PoS, one X user openly asked a question that suggested that the PoS switch is the best decision for the Ethereum network. "why would anyone want Proof of Work if they wanted the best for Ethereum?" the X user asked "They realize the network needed to ditch that "energy guzzling casino" brand, right?" Joining the conversation, Buterin highlighted that the PoW algorithm is centralized, even though not so many people talk about it. This suggest that the PoS switch was also in pursuit of network decentralization. The Ethereum co-founder explicitly stated that PoW was only a temporary phase that preceded PoS and quite a number of entities were aware of this position. Bitcoin, the leading cryptocurrency by market capitalization, utilizes the PoW consensus algorithm and has seen significant performance over the years including an all-time-high (ATH) of more than $73,000. While the Ethereum community may not appreciate the network's PoS transition, the argument of the core developers remains that this new mechanism has what it takes to give the blockchain its most optimized performance boost.
--
Dogecoin Creator Delivers Honest Opinion on Elon Musk and X. In a recent poll assessing the impact of Elon Musk's acquisition of Twitter, Dogecoin creator Billy Markus, known by the nickname Shibetoshi Nakamoto, provided insights into the platform's transformation. Markus, reflecting on the two-year anniversary of the billionaire's merger agreement with Twitter, indicated a positive shift in his experience, citing financial gains. Markus's remarks shed light on the benefits experienced by content creators since the takeover. He emphasized a notable improvement in his financial standing, stating that previously he "didn't get money," but now, under Musk's ownership, he is "getting money." The acquisition of Twitter by Elon Musk marked a pivotal moment in the platform's evolution. It appears that the primary motive behind the move was to capitalize on Twitter's widespread influence, potentially turning it into a super app with a strong financial base. Since the change in ownership, content creators have reported enhanced rewards, particularly through increased visibility and engagement with their content. Notably, a comprehensive subscription system was introduced, allowing content creators to monetize their output effectively. Markus himself has embraced this model, offering exclusive content to subscribers for a nominal fee of $3 per month. However, Musk's tenure as Twitter's owner has not been without controversy. His views on censorship, political stances and eccentric speeches have sparked intense debate within the community. Critics argue that Musk's influence could potentially shape the platform's content moderation policies and editorial direction, raising concerns about free speech and neutrality.
--
Cardano Nearing Critical Milestone of P2P Evolution, Here's How. Cardano stands at the precipice of a significant breakthrough with the impending Ouroboros Genesis upgrade. This marks a pivotal moment in Cardano's journey toward achieving full peer-to-peer (P2P) node operations, a goal that has been meticulously pursued by its dedicated community and developers. Peer-to-peer (P2P) networking is critical to blockchain's long-term decentralization, security and resilience, allowing participants to communicate, synchronize data and reach consensus. The move from the existing hybrid model to full P2P networking for Cardano has been gradual; however, the transition is already underway. In March 2023, Dynamic P2P automated the peer selection procedure. The node v.1.35.6 update improved communication between distributed nodes, simplified the operation of the relay and block-producing nodes, and eliminated the need for static configurations and manual input from stake pool operators (SPO). According to Cardano builder Input Output Global (IOG), the next and final waypoint on the path to full P2P node operations is expected to arrive with the impending Ouroboros Genesis release. Ouroboros Genesis will be deployed as part of the Chang upgrade, which is expected to take place this summer. This enables nodes to self-bootstrap from the live Cardano network. Currently, initial network entry necessitates synchronizing with a secure, trusted validator, typically a trusted fellow SPO or another entity. Once synchronized, nodes use Ouroboros Praos to operate in a decentralized way. Ouroboros Genesis is expected to further simplify the process when using Cardano- node's P2P capabilities, making the process completely autonomous and eliminating the need for human interaction. Furthermore, the transition to full P2P node operations is anticipated to increase the Cardano network's scalability and throughput, allowing it to accommodate a wider range of applications and use cases.
--
Dogwifhat (WIF) Eyes Price Rally as Major Metrics Go Bullish. In the midst of a broader consolidation on the crypto market, dogwifhat (WIF), a prominent meme coin built on the Solana blockchain, is demonstrating bullish signals across key metrics. Recent data from CoinGlass indicates a notable surge in open interest for WIF, currently standing at $325.20 million, marking a 2.92% increase. Notably, a significant portion of this interest, approximately $166.41 million, originates from Binance, with additional contributions from Bybit and other platforms. Open interest is a crucial metric, often reflecting the prevailing sentiment among traders. The upward trajectory of dogwifhat's open interest suggests a growing bullish sentiment within its trading community. As of the latest update, the price of WIF stands at $3.00, reflecting a 2.26% increase over the past 24 hours. Additionally, the meme coin has experienced a 2.23% surge in its market capitalization, which currently stands at $2,999,074,374. While these gains may appear moderate, they signify a positive trend for dogwifhat, which has historically demonstrated the potential for significant price rallies. Leading meme coin buzz. Launched on November 20, 2023, WIF swiftly gained traction in the market, owing to its distinctive identity featuring a Shiba Inu puppy adorned with a pink hat. This unique branding, coupled with a dedicated community fostering its growth, has propelled dogwifhat into the spotlight in the meme coin ecosystem. The current bullish momentum surrounding WIF comes amid a broader period of consolidation on the crypto market, where many digital assets are experiencing price stability after recent fluctuations. This stability has provided an opportune environment for meme coins like WIF to showcase their potential and attract renewed interest from investors and traders alike.
--

Latest News

BNB Drops Below 590 USDT with a 2.17% Decrease in 24 Hours
--
Bitcoin Volatility Index Hits Two-Month Low
--
Binance Market Update (2024-04-27)
--
Bitcoin (BTC) Drops Below 63,000 USDT with a 2.10% Decrease in 24 Hours
--
Hong Kong Institutions Apply for Virtual Currency Spot ETF
--
View More

Trending Articles

Renzo Team Changes Airdrop Conditions Amid Community Criticism
avatar
CryptoNews
Polygon Labs COO Michael Blank to step down as the company axes the exec role
avatar
DL News
Bitcoin Traders Scale Back Bets As Spot ETF Inflows Wane and Halving Hype Fades: Bloomberg Report
avatar
CryptoGlobe
XRP Price Prediction: Here’s How Trader Could Turn $4K to $105K Trading XRP
avatar
Coinpedia
How To Participate Bouncebit MegaDrop Quest in Binance 
avatar
Techandtips123
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie