YZY token is Kanye West’s newly launched Solana memecoin that spiked to a reported $3 billion market cap within 40 minutes and later fell to about $1.05 billion; on-chain data
COINOTAG News, August 21 — The Ethereum Foundation announced Phase 2 of the Trillion Dollar Security program, emphasizing upgrades to wallet user experience and operational resilience. The plan outlines targeted
Despite the 10% decline in the Ethereum price, the Layer-1 coin holds key support, fueling speculation about a bounce. But which altcoin has higher upside potential? Unilabs Finance (UNIL) , a novel AI-driven DeFi asset manager, is projected to witness a 5x presale gain, positioning it among the best cryptos to invest in. Could it outshine the XRP price? Will the Ethereum Price Bounce from Here? The Ethereum price dumped by over 10% on the weekly chart, hovering around the $4,000 support. However, indicators suggest it is oversold, signaling a potential bounce in the Layer-1 coin price. At the same time, the number of active addresses is rising, marked by a 24% monthly spike to 9.5 million . Another on-chain metric suggesting a bullish reversal is the 58% increase in mindshare over the past 30 days, presenting a bullish outlook and indicating the current Ethereum price might be a good entry. The bulls regaining confidence and pushing the Layer-1 coin above $4,200 could ignite an uptrend above the 30-day high of $4,780. Additionally, net ETF inflows could be a bullish catalyst for the Ethereum price. XRP Price Nosedived Below $3: What Next? The payment-based cryptocurrency fell below $3, representing a 15% dip on the monthly chart. The XRP price hovers around $2.80, having reached a monthly high of $3.60. A potential dip below $2.7, its 30-day peak, could be the start of a decline toward $2.5. Technical indicators also present a bearish outlook, which suggests the XRP price could fall below $2 before its next leg up. However, the overall market sentiment remains optimistic. For example, according to Messari , the mindshare is very high, indicating the recent price actions might be fleeting. Moreover, the SEC lawsuit has officially ended, poised to ignite a bull run in the XRP price. Unilabs Finance (UNIL) — Why the Current ICO Price is Discounted Since its debut on the ICO block, Unilabs Finance (UNIL) has skyrocketed by 150%, outperforming most top altcoins. From an initial price of $0.004 in the first presale stage to $0.01 in the seventh round, this new AI coin has been charting a bullish course. As of press time, over $14.4 million has been raised in funding, highlighting massive investor interest. Meanwhile, according to experts, this might be its lowest price, positioning it among the best cryptos to invest in this year. At the listing price of $0.05, investors will see a 5x return by investing at the current price, making it a more compelling bet. However, it offers more than just gain. Given its novel AI-driven DeFi asset management platform, it is poised to challenge the dominance of traditional financial markets. While experts have compared it to BNB (a protocol with a $115 billion market cap), it could outperform due to features like periodic airdrops and yield-sharing. Closing Thoughts The Ethereum price is on track for a rebound; indicators suggest the price could reverse. Meanwhile, UNIL is on the list of the best cryptos to invest in this year, courtesy of its combination of AI, DeFi and TradFi. Tipped to outperform the XRP price, the 5x presale gain might be the start of its parabolic run. For more information about Unilabs Finance (UNIL) visit the links below: Buy Presale Website Telegram Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Crypto exchange OKX is bringing its latest yield product, On-chain Earn, to Singapore. It is offering Accredited Investors in the city-state a streamlined way to stake and earn on their digital assets through a regulated platform. This comes amid Singapore’s sudden crackdown on unlicensed crypto exchanges. It has forced firms serving overseas clients to shut down or relocate. However, the digital assets market went on to touch new highs lately, flashing signs of the bull run to continue after a minor halt. Accredited Investors have been looking to grow the value of their digital assets but found no time to track charts, manage multiple wallets, or hunt for opportunities across blockchains. With On-chain Earn, users can manage their entire staking portfolio directly on OKX SG. The service bundles are leading staking opportunities for major tokens. This includes Ethereum (ETH), Solana (SOL), Cardano (ADA), Polkadot (DOT), SUI, and more. It aims to cut out the need for multiple wallets or complex technical steps. Many crypto users were not able to capitalise on the recent Ether run to over $4,700. This new feature would assist Accredited Investors to not missing out on the next one. Based on Cryptoplitan’s Ethereum analysis , ETH has surged by around 60% over the last 90 days. Meanwhile, the fresh slump has allowed the retail and institutional sectors to add more. ETH’s self-acclaimed competitor, Solana, is also searching for a ground to hold on before it takes off. OKX SG pushes low-fee APY OKX says its offering comes with among the lowest service fees in the industry, all built into its competitive APY structure. Unlike some providers that charge as much as 35% in fees or impose hidden tiers. It added that the platform operates without artificial caps and allows staking with minimums as low as 0.001 ETH. The onboarding process is simple, as investors can verify their status via Singpass and complete a quick risk assessment before getting started. OKX highlighted that security sits at the core of the new feature. On-chain Earn runs on its institutional-grade infrastructure, which is backed by ISO/IEC 27001:2022 and CSA STAR Level 1 certifications. As a licensed exchange, OKX SG says its services comply fully with Singapore’s regulatory requirements. Singapore’s crypto crackdown seems to have made it difficult for the hodlers to invest in the industry, as reported by Cryptopolitan earlier. OKX SG will be celebrating its first anniversary as a licensed exchange with the launch. Over the past year, the exchange has expanded SGD payment rails for faster deposits and withdrawals. The platform has grown its token offering to over 90 assets relevant to local investors. It even introduced features such as recurring buy and trading bots, and streamlined identity verification via Singpass. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. The Hidden Risk for Crypto KOLs: Running Afoul of CTA Rules As digital asset
BitcoinWorld Bitcoin Whale’s Audacious $50M ETH Swap: What It Means A fascinating event recently unfolded in the cryptocurrency market, capturing the attention of investors worldwide. A prominent Bitcoin whale , identified by the address starting with 0xCa2D, executed a massive trade. This influential entity sold a substantial 400 BTC, valued at approximately $45.5 million at the time, on the decentralized exchange Hyperliquid. What’s even more intriguing is their immediate rotation of these funds into Ethereum (ETH), now holding 11,744 ETH worth an impressive $50.57 million. Understanding the Bitcoin Whale’s Strategic Shift This significant move, reported by Onchain Lens on X, highlights the dynamic nature of large-scale crypto investments. When a Bitcoin whale makes such a substantial transaction, it often sparks discussion and analysis across the crypto community. These large holders, often referred to as ‘whales,’ possess enough capital to potentially influence market sentiment and even price action, making their movements a key data point for traders and analysts. The decision to divest from Bitcoin and accumulate Ethereum is particularly noteworthy. It suggests a strategic re-evaluation of market positions by this specific Bitcoin whale . Such shifts can be driven by various factors, from anticipating future price movements to seeking different investment opportunities within the blockchain ecosystem. Why Do Bitcoin Whales Make Such Bold Moves? The motivations behind a Bitcoin whale ‘s decision to swap a significant portion of their holdings from one major cryptocurrency to another are complex. Several reasons could explain this particular rotation from BTC to ETH: Anticipation of Outperformance: The whale might believe Ethereum is poised for stronger growth or a more favorable market cycle compared to Bitcoin in the near future. Diversification Strategy: While both are major cryptocurrencies, they serve different primary purposes. Bitcoin is often seen as digital gold, while Ethereum powers a vast ecosystem of decentralized applications (dApps), DeFi, and NFTs. Yield Opportunities: Ethereum’s ecosystem offers numerous opportunities for staking, lending, and participating in DeFi protocols, which can generate yield on holdings. This might be more attractive than simply holding Bitcoin. Market Sentiment: A general shift in sentiment favoring altcoins or specific narratives around Ethereum’s technological advancements could also play a role. It is important to remember that while on-chain data provides transparency, the exact rationale of any individual Bitcoin whale remains speculative. However, observing these large transactions offers valuable insights into the broader market’s undercurrents. The Ripple Effect: What Does This Bitcoin Whale Swap Mean for You? While one large trade does not single-handedly dictate the market’s direction, the actions of a prominent Bitcoin whale can certainly create ripples. When such a significant amount of capital moves, it can: Influence Sentiment: Other market participants might interpret the move as a bullish signal for ETH or a bearish one for BTC, potentially leading to similar trades. Impact Liquidity: Large sell orders can temporarily increase selling pressure on the asset being sold (BTC in this case) and buying pressure on the asset being acquired (ETH). Highlight Trends: Consistent patterns of whales shifting assets can signal emerging trends or shifts in institutional and large-investor interest. For the average investor, this event serves as a reminder of the market’s constant evolution and the importance of staying informed. While following a Bitcoin whale ‘s every move is not a guaranteed strategy, understanding these significant transactions contributes to a more comprehensive market perspective. In conclusion, the recent 400 BTC to ETH swap by a major Bitcoin whale on Hyperliquid is a compelling example of strategic asset reallocation in the crypto space. It underscores the ongoing dynamics between Bitcoin and Ethereum, two pillars of the digital asset economy. As the market continues to mature, observing these large-scale movements remains a crucial aspect of informed participation. Frequently Asked Questions (FAQs) What is a Bitcoin whale? A Bitcoin whale is an individual or entity holding a very large amount of Bitcoin, typically enough to potentially influence market prices with their trades. Their actions are closely watched by analysts. Why did this specific whale sell Bitcoin for Ethereum? While the exact reasons are private, common motivations for such a swap include anticipating stronger future performance for Ethereum, diversifying a portfolio, seeking yield opportunities within the Ethereum ecosystem, or reacting to broader market sentiment shifts. How does a Bitcoin whale’s activity affect cryptocurrency prices? Large trades by a Bitcoin whale can impact market sentiment, create temporary buying or selling pressure, and influence liquidity. While one trade doesn’t define the market, a series of similar large trades can signal significant shifts in investor interest. Should I follow the trading strategies of crypto whales? While observing whale activity provides valuable insights into market dynamics and large-investor sentiment, it’s crucial not to blindly copy their trades. Whales have different risk tolerances, goals, and capital amounts. Always conduct your own research and make decisions based on your personal financial situation. If you found this analysis insightful, consider sharing it with your network! Understanding the movements of key market players like this Bitcoin whale is essential for navigating the complex world of cryptocurrency. Spread the knowledge and help others stay informed about significant on-chain activity. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Whale’s Audacious $50M ETH Swap: What It Means first appeared on BitcoinWorld and is written by Editorial Team
The USD1 stablecoin is World Liberty Financial’s dollar-pegged token that recently saw a $205 million mint, pushing supply to about $2.4 billion and lifting WLFI’s treasury to a record $548
COINOTAG News on August 21 reported that UK‑listed The Smarter Web Company has appointed Jesse Myers as its Bitcoin Strategy Director, formalising a role he previously held on a part‑time
The U.S. government crypto holdings include seized assets across multiple tokens, with a total reported value of $23.4 billion; Ethereum is part of a strategic digital stockpile and recent transfers