A major on-chain transaction has just taken place involving FTX Alameda, as 62,496.7 SOL tokens worth approximately $9.07 million were transferred to Coinbase Exchange, signaling potential market movements. This transfer
US crypto stocks are rallying following US President Donald Trump’s announcement of a phased ceasefire between Iran and Israel. The pause in fighting was initially set to begin June 24, but the truce was broken within an hour: Iran allegedly fired missiles, while Israel launched strikes near Tehran. Trump quickly stepped in, blasting both nations to stand down. So far, the two sides appear to be toeing the line, and with easing geopolitical tensions, crypto stocks like Coinbase and Riot have surged. Now may be an opportune time to explore new crypto to buy, and we’ve found some hot picks. World War 3 Cancelled, Coinbase Stocks Jump 12.10% Tensions between Iran and Israel flared on June 13 after Israel struck Iranian nuclear sites. In response, Iran fired missiles at Israel. The US then joined the conflict, launching major airstrikes on Iran’s nuclear facilities on June 22. Iran retaliated by striking a US base in Qatar the following day. Iran and Israel then launched new attacks on each other, going against Trump’s orders for a ‘peace agreement’ – a phased truce brokered by the US and Qatar. The US president wasn’t impressed, stating both countries ‘don’t know what the f**k they’re doing.’ While tentative, the ceasefire appears to be holding and has been enough to boost market risk appetite. Since yesterday, Coinbase stocks have jumped 12.58% . Meanwhile, crypto mining firm Riot Platforms has surged 8.09% , and Marathon Digital Holdings is up by 4.94% . This could make now a timely moment to buy into the next crypto to explode . Our top choices right now include Snorter Token ($SNORT) , Maple Finance ($SYRUP), and Bitcoin Hyper ($HYPER) . 1. Snorter Token ($SNORT) – Crypto Trading Bot on Telegram Boasting Ultra Low Fees (Just 0.85%!) If you’re looking for hot crypto opportunities as investors shift back toward riskier assets, Snorter Token ($SNORT) is worth eyeing. $SNORT is the native token of Snorter Bot, a Telegram-based crypto trading bot getting set to launch in Q3 2025. Built for speed and affordability, it’ll help you sniff out trending tokens, set stop-loss and take-profit limits, and avoid scams. For more information, check out our What is Snorter guide . Currently focused on Solana, boasting the lowest bot fees on the network at just 0.85%, it plans to expand across all major Ethereum Virtual Machine (EVM) chains. Beyond premium features and low fees, $SNORT also gives you access to staking rewards (currently at a 260% APY), plus voting rights. Having a say in the platform’s governance means you can share your ideas on future developments to help boost its sustainability. $SNORT is already gaining serious traction. It’s raised over $1.2M on presale, with a helping hand from three major whales who injected $40K , $10.8K , and $10K into the project. You can buy $SNORT for as little as $0.0961. After being listed on crypto exchanges, it’s expected to hit $0.94 . So, if you act now, you could position yourself for 879% returns. 2. Maple Finance ($SYRUP) – Decentralized Corporate Credit Market Built on Solana & Ethereum Maple Finance ($SYRUP) is up 18.16% since yesterday, following the easing of the risk of a larger, wider Israel-Iran war. Put simply, Maple Finance is a decentralized corporate credit market. Operating on Solana and Ethereum, it offers an efficient bridge for borrowers to access unsecured capital while providing lucrative yield opportunities for lenders. The entire lending process, from loan origination to repayment, is recorded on-chain to ensure transparency and accountability. $SYRUP, previously known as $MPL, is a utility and governance token that powers the Maple Finance ecosystem. Upon buying the token, it can be staked to earn a portion of the revenue generated from loan originations and interest payments. Plus, you can participate in critical decisions regarding free structures and new product rollouts. You can buy $SYRUP on some of the best crypto exchanges , including Binance and MEXC , for roughly $0.60. 3. Bitcoin Hyper ($HYPER) – Layer 2 to Boost Bitcoin’s Speed, Scalability & dApp Power $HYPER is the utility token of Bitcoin Hyper, an innovative Layer 2 (L2) network designed to solve the Bitcoin network’s biggest challenges – limited scalability, slow transactions, and high fees. Also launching in Q3 2025, it will integrate the Solana Virtual Machine (SVM) to enable lightning-fast smart contracts and scalable dApps on top of Bitcoin’s secure base layer. To connect seamlessly with Bitcoin’s mainnet, the network will use a canonical bridge . This means you’ll be able to wrap and transfer $BTC into the Hyper ecosystem. What’s more, the protocol operates on its own Proof-of-Stake (PoS) validator network. It’s being built to handle transactions and smart contracts with high efficiency and sustainability. Considering that $HYPER sets 30% of its total token supply to development, the L2 should materialize as promised and only improve over time. $SNORT is already attracting significant attention, raising $1.6M in its presale. Early whale buyers of $74.9K , $54.1K , and $53.9K have added to the buzz. Right now, you can buy $HYPER on presale for just $0.012025. You can also stake it at a sizable 481% APY. You can also anticipate possible gains of up to 2,561%, as its price might reach $0.32 following the L2’s launch this year. New Crypto to Buy Amid Geopolitical Uncertainty While the Iran-Israeli truce remains fragile, the crypto market is responding positively to the ceasefire, even though it may only be temporary. As fears of a full-scale war ease, investors are once again turning their attention to risk-on strategies. In turn, this has fueled a rebound in crypto stocks, making now a favorable time to invest in crypto. Are you interested in a new crypto trading bot, passive income through interest payments, or unlocking Bitcoin’s full potential? If so, $SNORT , $SYRUP, and $HYPER each have high-profit potential. This isn’t investment advice. Always do your homework and only invest what you can afford to lose.
Grayscale, known for its digital asset investments, has announced the launch of a new investment fund focused on SXT, the native token of the Space and Time blockchain protocol. Grayscale Launches New Investment Initiative: Investment Fund Focused on Space and Time’s SXT Token Announced under the name “Grayscale Space and Time Trust,” the fund offers daily subscriptions to individual and institutional accredited investors. Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, said in the announcement of the fund: “Grayscale Space and Time Trust provides access to an innovative project that bridges the worlds of Web 2.0 and Web 3.0, combining enterprise-grade data infrastructure with blockchain technology.” What is Space and Time? Developed by MakeInfinite Labs and implemented with the support of Microsoft, Space and Time aims to provide real-time and verifiable data processing infrastructure for smart contracts, artificial intelligence and decentralized applications (dApps). The project, which launched a public, permissionless mainnet in May, aims to combine the performance advantages of traditional data platforms with the transparency and decentralization features of blockchains. It aims to provide solutions to critical needs such as data integrity, proof of source, and auditability in areas such as DeFi and artificial intelligence. SXT Price on the Rise With Grayscale’s new funding announcement, the SXT token price increased by 3.25% in the last 24 hours to $0.078. This development reinforces Grayscale’s interest in Web3 and artificial intelligence infrastructures, while data-driven blockchain projects like Space and Time are starting to gain more attention from institutional investors. *This is not investment advice. Continue Reading: Grayscale, Known for Its Digital Asset Investments, Launches a New Investment Fund Focused on This Altcoin! The Price Has Started to Rise!
The post Ripple Was Born Before Bitcoin? 2004 Evidence Shocks Crypto Community appeared first on Coinpedia Fintech News A newly surfaced document shared by XRP community member SMOQE has caught the crypto world by surprise – suggesting that Ripple’s roots go all the way back to 2004, four years before Bitcoin was created. The document includes a 2014 email exchange between several industry insiders, including tech journalist Reutzel Bailey. In it, Bailey points out that Ripple’s concept existed even before Satoshi Nakamoto published the Bitcoin whitepaper in 2008, raising new questions about who really started the digital finance revolution. 2014 E-mails confirm: “Ripple is older than Bitcoin.” pic.twitter.com/9c8cOF4065 — SMQKE (@SMQKEDQG) June 24, 2025 Ripple’s Early Days According to Bailey, it was Ryan Fugger who first came up with Ripple in 2004. He created a platform called RipplePay to let people move value peer-to-peer, without relying on banks. However, it was Chris Larsen, now Ripple’s co-founder, who later took the project to the next level. Bailey believes Larsen tapped into the growing hype around Bitcoin to reframe Ripple as a cryptocurrency. “Larsen pushed this [Ripple] as a cryptocurrency to catch attention because the platform itself was not really about cryptocurrency at all,” Bailey said. Debunking the Copycat Myth The email conversation also dismantles claims that Ripple mimicked Bitcoin. Industry voice Jeffrey Cliff firmly stated , “Ripple predates Bitcoin,” countering concepts of Ripple as a “ copycat math-based currency .” Furthermore, Ripple’s concept emerged in 2004, and its cryptocurrency, XRP, was launched in 2012, which was four years after Bitcoin’s 2008 debut. This timeline firms Bitcoin as the first cryptocurrency, even as Ripple claims an earlier ideological spark. From RipplePay to the XRP Ledger In 2011, developers Jed McCaleb, Arthur Britto, and David Schwartz began building the XRP Ledger (XRPL). They aimed to create something more efficient than Bitcoin, especially by avoiding its energy-heavy proof-of-work system. McCaleb reached out to Fugger and convinced him to turn RipplePay into a crypto network. That led to the creation of NewCoin in 2012, which was soon renamed OpenCoin , and later simply Ripple . The XRPL creators gave 80 billion XRP to Ripple. McCaleb personally received 9.5 billion XRP, which he sold off gradually – completing his exit in 2022. After leaving Ripple, he went on to co-found Stellar. Meanwhile, Chris Larsen stayed on and still serves as Ripple’s chairman today. A Legacy Beyond Bitcoin While Bitcoin may hold the title of the first true cryptocurrency, Ripple’s earlier origins show that the idea of decentralized value transfer was already taking shape years before. Today, as Ripple continues to innovate in cross-border payments, this rediscovered history adds depth to its role in the crypto world, reminding us that Ripple wasn’t just another Bitcoin competitor, but possibly one of the first to imagine a world beyond banks.
Bitcoin’s order book liquidity is intensifying as the BTC price consolidates, signaling an imminent liquidity showdown that could drive significant market movement. Market analysts observe growing liquidity clusters around key
The post XRP Price Holds Above $2.18 Amid Network Upgrade, Is a Breakout Ahead? appeared first on Coinpedia Fintech News The XRP Ledger’s v2.5.0 upgrade has gone live, introducing a host of improvements aimed at streamlining on-chain transactions. Key features include transaction batching for operational efficiency, token escrow enhancements for greater asset control, and support for permissioned DEXs. These updates mark a pivotal evolution in XRP’s infrastructure, potentially expanding its utility for both institutions and developers. While price movement remains relatively flat, these foundational changes may lay the groundwork for broader adoption. Wondering where the XRP price is going in the short term, as the fundamentals continue to grow big? Read this Ripple XRP price analysis for potential targets! Active Addresses Stay Resilient Despite a sharp 46.26% drop in 24-hour trading volume to $2.76 billion, the number of 24-hour active addresses on the XRP Ledger has held steady. This signals that the network continues to be actively used even amid short-term market fatigue. Source: Santiment This resilience suggests that engagement isn’t purely speculative, and the ledger upgrade may already be subtly influencing transaction behavior. If token escrow and batching tools see increased developer adoption, active address count could trend upward. Thereby, potentially foreshadowing a longer-term bullish case. Ripple XRP Price Analysis: XRP is currently trading at $2.18, down a modest 0.08% over the past 24 hours. Price briefly tested resistance at $2.22, marking the high of the day, but failed to sustain momentum as volume tapered off. From a technical perspective, XRP remains above its short-term support at $2.17, with a clear target zone in the $2.40–$2.45 range. If buying pressure resumes and breaks above $2.22 with increased volume, this upper band becomes increasingly realistic. Also read: Ripple (XRP) Price Prediction 2025, 2026-2030! FAQs What is the XRP Ledger v2.5.0 upgrade? It introduces batching, escrow improvements, and permissioned DEX support for greater utility. Why is XRP’s volume down despite the upgrade? The volume drop likely reflects short-term market fatigue, not a lack of interest. Active address data shows consistent engagement. What’s the next price target for XRP? If bulls reclaim $2.22, the next resistance zone lies between $2.40 and $2.45 in the near term.
BIS says stablecoins fall short on key monetary principles, warning of financial crime risks and threats to monetary sovereignty.
BitcoinWorld FTX Alameda’s Pivotal $9 Million Solana Transfer to Coinbase Sparks Market Buzz In the ever-evolving world of cryptocurrency, few entities command as much attention and scrutiny as those tied to the fallen giants, FTX and Alameda Research. Just hours ago, a significant on-chain event unfolded, sending ripples across the market: an address associated with FTX Alameda deposited a staggering 62,496.7 SOL, valued at approximately $9.07 million, into Coinbase Exchange. This substantial movement of Solana tokens immediately caught the eye of on-chain sleuths and market analysts alike. What does such a transfer signify, especially from an entity with a complex and often controversial past? Let’s dive deep into the implications of this latest crypto whale activity. Unpacking the FTX Alameda Legacy: Why These Movements Matter The names FTX and Alameda Research evoke a tumultuous chapter in crypto history. Once titans of the industry, their dramatic collapse left a trail of billions in lost funds and shattered trust. Since their bankruptcy, various addresses linked to these entities have been under constant surveillance by the crypto community. The primary reason for this intense scrutiny is the ongoing process of asset recovery and liquidation aimed at repaying creditors. Every movement of funds from these wallets is interpreted through the lens of potential selling pressure or strategic asset management related to the bankruptcy proceedings. The court-appointed administrators and legal teams are tasked with consolidating and liquidating assets in a manner that maximizes returns for creditors, and these large on-chain transfers are often a precursor to such actions. The Critical Solana Deposit to Coinbase: A Closer Look The recent deposit of 62,496.7 SOL, amounting to approximately $9.07 million, into Coinbase Exchange was first highlighted by Onchain Lens on X. This isn’t just a random transaction; it’s a deliberate move of a substantial asset to one of the largest and most liquid cryptocurrency exchanges in the world. Such a transfer typically precedes a potential sale or an over-the-counter (OTC) deal. What makes this particular transfer even more noteworthy is the remaining balance. The address still holds a significant 110,195.75 SOL, valued at roughly $16.07 million. This indicates that while a portion of the Solana holdings has been moved, a substantial amount remains under the control of the FTX Alameda -linked entity. The decision to move only a segment of the holdings could be strategic, perhaps to test market liquidity, execute a partial sale, or manage risk. Decoding the Motives: Why Do Crypto Whales Move Such Large Sums? When a crypto whale , especially one associated with a high-profile bankruptcy like FTX Alameda , moves millions of dollars worth of assets, the crypto community immediately speculates on the underlying motives. While specific reasons for this particular transfer are not officially disclosed, large deposits to exchanges generally fall into a few categories: Liquidation or Selling Pressure: The most common assumption is that the funds are being prepared for sale. A large influx of tokens onto an exchange can increase selling pressure, potentially impacting the asset’s price. Portfolio Rebalancing: Whales might move funds to rebalance their portfolios, converting one asset into another to optimize risk or capitalize on perceived opportunities. Custodial Transfers: Assets might be moved to a different custodial solution or a more secure wallet, although direct exchange deposits usually suggest an intent to trade. Debt Repayment or Legal Obligations: In the case of FTX Alameda , these transfers are often directly linked to fulfilling legal obligations, such as repaying creditors as part of the bankruptcy proceedings. OTC Deals: Sometimes, large transfers to an exchange are part of an OTC deal, where a buyer and seller agree on a price off-market, and the exchange facilitates the transfer without impacting open order books significantly. For FTX Alameda , the primary driver is almost certainly related to the ongoing efforts to liquidate assets to compensate victims and creditors. Each SOL token moved brings them closer to fulfilling these massive financial obligations. Potential Impact on Solana’s Market Dynamics Solana (SOL) has demonstrated remarkable resilience and growth since the crypto bear market, rebounding strongly from its lows. However, the shadow of large FTX Alameda holdings has always loomed over its price action. As a significant portion of the bankruptcy estate was held in SOL, the market is highly sensitive to any news of these tokens being moved or sold. While a $9 million deposit is substantial, it’s important to put it into context relative to Solana’s daily trading volume and market capitalization. Such a sum can create short-term volatility or perceived selling pressure, but the long-term impact often depends on whether the tokens are indeed sold, at what price, and how quickly. The fact that the entity still holds over $16 million in SOL means that future movements could also occur, keeping market participants on edge. The market’s reaction to such news often reflects its underlying sentiment. If the broader market is bullish, it might absorb the selling pressure without significant price drops. Conversely, in a bearish environment, such a deposit could exacerbate downward trends. Investors and traders should continue to monitor on-chain data and official announcements regarding the FTX bankruptcy proceedings to gauge future potential impacts. Conclusion: Navigating the Waves of Crypto Whale Activity The recent deposit of $9.07 million worth of Solana from an FTX Alameda -linked address to Coinbase is more than just a transaction; it’s a potent reminder of the ongoing saga surrounding one of crypto’s most significant collapses. These movements highlight the continuous efforts to untangle and liquidate assets to compensate creditors, a process that inherently impacts market dynamics, particularly for assets like SOL that were heavily held by the bankrupt entities. For investors, understanding these large crypto whale movements is crucial. They offer insights into potential market shifts and the strategic decisions being made by major holders. While not every deposit leads to immediate selling, they signal a readiness to transact, which can influence short-term price action and market sentiment. As the FTX Alameda bankruptcy proceedings continue, the crypto community will remain vigilant, watching every on-chain move with bated breath, understanding that each transaction brings us closer to the final resolution of this complex financial chapter. To learn more about the latest crypto market trends, explore our article on key developments shaping Solana’s price action. This post FTX Alameda’s Pivotal $9 Million Solana Transfer to Coinbase Sparks Market Buzz first appeared on BitcoinWorld and is written by Editorial Team
The highly anticipated Token Generation Event (TGE) for Magic Newton’s native $NEWT token took place on June 24, marking the debut of the PayPal and Polygon-backed Automated Finance (AutoFi) project. The token launched across major exchanges at an initial price of $0.524, immediately capturing significant market attention. Source: CoinMarketCap Despite securing what many consider an unprecedented listing strategy for a newly launched project, $NEWT’s market performance has been volatile. The token initially surged 30% from its listing price, reaching an all-time high of $0.8337, before experiencing a dramatic 46% correction to trade at $0.4515 at press time. Coinbase, Binance, and Tier-1 Exchange Support Drives Magic Newton Rally and AutoFi Vision The token’s launch strategy distinguished itself through simultaneous listings on tier-1 centralized exchanges , a rarity for newly launched projects. $NEWT secured day-one listings on Binance and Coinbase, alongside major Korean exchanges Upbit and Bithumb, and other leading platforms including Bybit, Bitget, KuCoin, MEXC, and BingX. $NEWT is live on these exchanges Coinbase https://t.co/5BZ8ry8aup Upbit https://t.co/Cr49OcCgj2 Binance https://t.co/KLAphAhRdJ Bybit https://t.co/BCeCf8Jj7T Bithumb https://t.co/XyGdYw3i3X Bitget https://t.co/bwj8P8eMFw Gate https://t.co/F6upmPpq5I KuCoin… pic.twitter.com/YZOGjGoXY4 — Magic Newton Foundation (@newtfoundation) June 25, 2025 This comprehensive exchange support propelled the token to a peak market capitalization of $156 million during its initial trading session. The coordinated listing approach generated substantial trading volume, with 24-hour activity exceeding $890 million, nearly ten times the token’s current market cap of $96 million. Magic Newton operates under Magic Labs, which has raised approximately $90 million from prominent investors, including PayPal Ventures , Digital Currency Group (DCG), Volt Capital, Polygon, and notable figures like Balaji Srinivasan. The company has established itself in the crypto infrastructure space since 2018, developing embedded wallet solutions through SDKs utilized by major platforms such as Polymarket, WalletConnect, Helium, and Forbes. Sean Li, founder of Magic Newton, emphasized the company’s extensive experience, stating their seven-year focus on user onboarding and trust, particularly in partnerships with Fortune 500 companies and large-scale applications. We asked @_seanli why this is the right time to build @MagicNewton . "We've spent the last 7 years on the front lines for onboarding and trust, working with Fortune 500 companies and large-scale apps like @Polymarket ." "This is the first time I feel like everything is aligning."… pic.twitter.com/l39uMvdntD — The Rollup (@therollupco) June 24, 2025 The Newton protocol represents Magic Labs’ latest effort to address what they perceive as fundamental issues in cryptocurrency user experience through AI-powered solutions. Technical Infrastructure Powers Magic Labs Automated Finance (AutoFi) Magic Newton’s decentralized infrastructure layer combines trusted execution environments (TEEs) with zero-knowledge proofs (ZKPs) to enable automated on-chain finance operations. The platform creates what the company describes as a “decentralized economy of verifiable agents,” with $NEWT serving as the protocol’s gas fee for issuing or revoking private, verifiable on-chain sessions and intents to Newton agents. @magic_labs launches @MagicNewton , an #AI agent platform that enables autonomous finance and simplifies #crypto managing, on @Base #blockchain . https://t.co/pJKYJMqLZV — Cryptonews.com (@cryptonews) May 7, 2025 The AutoFi functionality allows users to establish automated dollar-cost averaging (DCA) strategies for cryptocurrency, including Bitcoin, Ethereum, KAITO, and VIRTUAL. Users can configure recurring purchases on hourly, daily, weekly, or monthly schedules through AI agent automation. Since its official May launch following extensive testing phases , Magic Newton has accumulated over 1.1 million signups, processed 747,000 verified agent transactions, and activated more than 362,000 AutoFi agents. The https://t.co/CPC9jReaPx numbers are soaring 1m → 1.1m signups (+100k) 463k → 747k verified agent transactions (+284k) 280k → 362k activated agents (+82k) We've come a long way in six weeks since launch. Imagine when we take the learnings from recurring buy agents and… pic.twitter.com/liIwESmY2r — Newton (@MagicNewton) June 18, 2025 Magic Newton Influencer “Heist”: Top Kaito Users Bag $30K While Early Testers Get Zero The project has faced significant criticism from early community members regarding its token allocation methodology. According to the released tokenomics , the top 1,000 accounts on the social platform Kaito received 0.9% of the total 215 million circulating $NEWT supply, a decision that has drawn considerable community criticism. Source: Magic Newton Foundation Social media reports indicate that some crypto influencers received substantial allocations, with one claiming $5,300 worth of $NEWT tokens and another reporting over 38,000 NEWT tokens valued at more than $30,000 at the token’s peak price. Thank you Magic Newton pic.twitter.com/bXyKwsiOHd — Denise (@InfluencerDee) June 24, 2025 Many Kaito participants reportedly received allocations ranging from $10,000 to $30,000 in $NEWT tokens. Conversely, early supporters who accumulated over 5,000 credits through Magic Newton’s initial quests and held Discord community roles found themselves ineligible for token distributions. Additionally, Binance Alpha participants and BNB holders who had not engaged in testnet activities or Kaito discussions received 125 NEWT tokens each . The community has widely criticized this distribution model as unfair, arguing that it prioritized influencers and high-profile accounts while excluding genuine early adopters and testers who contributed to the platform’s development. Magic Newton airdrop only cooked for Binance Alpha, BNB holders and Kaito yappers & stakers. $NEWT did not cook for Newton portal users and these are the users of the tech . There needs to be a balance. Top 1000 is not the community. — Wendy J (@Jessicalevi13) June 24, 2025 The crypto community now awaits Magic Newton’s ability to retain its substantial user base and demonstrate genuine utility for the $NEWT token beyond speculative trading. The post PayPal-Backed Magic Newton Token NEWT Plunges 46% Despite Coinbase and Binance Listing Debut appeared first on Cryptonews .
Charles Hoskinson announced a 1.2 billion NIGHT coin airdrop for XRP holders. The Midnight side Blockchain expands privacy and smart contracts to the XRP Ledger. Continue Reading: Cardano Collaborates with XRP: Midnight Blockchain Introduces Exciting Opportunities The post Cardano Collaborates with XRP: Midnight Blockchain Introduces Exciting Opportunities appeared first on COINTURK NEWS .