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The balance held in wallets tied to centralized exchange has surged by 50% in three days, per Glassnode data.
Ether posted nominal gains in the past 24 hours alongside the broader market.
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.
Stride's native token STRD trades 0.7% higher as the transition is expected to beef up the liquid staking protocol's security by several thousand percent.
PLUS: Last week's partial court victory for Ripple last week buoyed Coinbase's share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says.
Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.
Today’s downside breach below the current low point of Bollinger Band bears watching for even weaker prices in the near future.
Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.
The latest price moves in crypto markets in context for July 18, 2023.
Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit's tokenized Community Points, one observer said while explaining the price rally.
- 01:21A certain whale transferred 16,480,000 XRP to an exchange, worth approximately $50.85 million.According to ChainCatcher, Whale Alert monitoring shows that an unknown wallet transferred 16,483,919 XRP, worth approximately $50,856,185, to an exchange 3 minutes ago.
- 01:08Backed Finance CEO: xStocks issuer chooses Switzerland to avoid whitelist restrictions on Tesla tokenized stocksJinse Finance reported that Adam Levi, co-founder of Backed Finance, stated that seeking a balance between compliance requirements and the openness of decentralized finance ultimately led the company to settle in Switzerland. He said the company is registered in Europe because Switzerland allows them to issue digital representations of stocks such as Tesla and Nvidia (referred to as xStocks), which can be freely transferred rather than being subject to so-called whitelist restrictions. Levi recalled, “We looked at five jurisdictions, and lawyers told me, ‘Yes, you can do it, but it will be a whitelist-permissioned model.’ I said, ‘No, I’m not interested. I won’t build it that way because I wouldn’t use it myself.’” In the crypto industry, whitelists are often used to approve individuals to participate in specific events, such as minting NFTs or investing in the initial offering of a cryptocurrency. In the context of tokenized stocks, whitelists can determine who is eligible to hold the digital representations of these stocks.
- 01:08A certain whale bought 18,000 ETH at a price of $4,487 through Wintermute in the early hours today.According to a report by Jinse Finance, on-chain analyst Yu Jin monitored that a whale/institution, which has made $74.92 million in profits from ETH swing trading, purchased 18,000 ETH at a price of $4,487 using 80.77 million USDC through Wintermute in the early hours of today. After the purchase, ETH rebounded to $4,600. In other words, just a few hours after buying, this batch of 18,000 ETH has already yielded an unrealized profit of $2 million. They have already made $74.92 million in profits from swing trading ETH, and currently hold $530 million in USDC and 25,000 ETH (worth $114 million).