In a staggering display of purchasing power, a mysterious whale has just acquired more than 236.98 billion XRP—an eye-watering sum that, under normal market dynamics, should have caused ripples, if not waves, in XRP’s price. However, as pointed out by crypto market analyst DigitalG on X, the transaction, which took place approximately two hours ago, failed to elicit even the faintest flicker in the price of XRP on the open market. This has raised serious questions about the transparency, liquidity, and price integrity of the XRP market. When a whale buys more than a quarter of a billion XRP a couple of hours ago, without so much as a flicker in unit price of XRP, surely even the most trusting will suspect that this whole XRP market has a few fundamental issues. pic.twitter.com/KPm2W9AFgu — DigitalG (@DigitalG15) May 21, 2025 A Whale-Sized Purchase That Moved Nothing According to blockchain data, the successful transaction was executed on May 21, 2025, at 03:50:41 PM UTC. It was recorded in Ledger 96,272,895 with a minimal transaction fee of 0.006 XRP. The funds originated from Kraken, one of the industry’s oldest and most reputable crypto exchanges , and were sent to an address identified as rns6NArrzCUwFUk2soU9vZCwJRNNaMURZGx with a destination tag of 1234. The total amount delivered was 236,982,972.019669 XRP, nearly a quarter of a billion tokens, and the on-chain specification for the transaction was marked as a standard payment. With such an enormous transfer, many would expect significant upward pressure on XRP’s spot price, yet the market remained unmoved. DigitalG Raises the Alarm Crypto analyst DigitalG, known for his sharp assessments of macro-level movements in digital asset markets, took to X to voice a concern shared by many experienced market watchers. “When a whale buys more than a quarter of a billion XRP a couple of hours ago, without so much as a flicker in the unit price of XRP,” he wrote, “surely even the most trusting will suspect that this whole XRP market has a few fundamental issues.” This issue raises fundamental concerns about market confidence, as a well-functioning market would typically respond to large transactions with noticeable price movements. Its failure to do so suggests a serious lack of demand across major trading venues or potential market manipulation that renders real-time trading activity disconnected from visible on-chain movements. XRP’s Market Structure Under Scrutiny While XRP has long positioned itself as a fast , scalable, and cost-efficient blockchain solution for cross-border settlements and institutional finance , it has faced repeated criticism over its opaque market structure. Despite Ripple’s claims of decentralization, large-scale transactions and exchange flows suggest price manipulation through curated liquidity and algorithms, rather than natural supply and demand. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple’s escrow system , which periodically releases billions of XRP, has sparked controversy. Critics argue that such structures allow entities with insider access to manage or dampen volatility artificially, thus controlling price action in a way that undermines the free market ethos. Implications for Retail and Institutional Investors This transaction raises significant concerns for XRP ecosystem participants, suggesting either underreported trading volume or market manipulation that distorts price signals. Retail traders may begin to question the real-world value of technical indicators and on-chain metrics when such large flows can pass unnoticed by price charts. Institutional investors, meanwhile, may become wary of the asset’s reliability as a liquid instrument for financial operations, particularly if it appears the market is being insulated from natural price discovery. A Call for Transparency and Reform XRP’s market dynamics are under scrutiny again due to the muted response to a major transaction. DigitalG’s observation underscores the need for greater transparency, more robust regulatory oversight, and an honest reckoning with the opaque mechanisms that govern XRP’s trading behavior. Until these questions are addressed head-on, skepticism about XRP’s price integrity might grow louder. For a token once heralded as the future of institutional crypto adoption, that’s a red flag the XRP community—and its leadership—can’t afford to ignore. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Expert Suspects Big Issue With XRP Market After This Whale’s Gargantuan XRP Purchase Fails to Boost Price appeared first on Times Tabloid .
Bitcoin’s recent surge has ignited discussions among traders who hint that the current bullish phase may be nearing its end, with corrections looming on the horizon. The atmosphere surrounding BTC
On May 22, COINOTAG News reported significant developments in the crypto trading landscape, particularly involving whale trader James Wynn. Data from ai_9684xtpa indicates that Wynn has strategically begun to unwind
Cryptocurrency analyst Simeon Koch made striking statements about the possibility of an altcoin season by evaluating the current macroeconomic conditions. According to Koch, Bitcoin and altcoin markets are currently under serious pressure. The main reason for this is that interest rates on US government bonds are at their highest levels in recent years. “Bitcoin and altcoins have a big problem right now: US government bond yields are higher than they have been in a long time. Historically, that has been very negative for risky assets like cryptocurrencies,” Koch said, adding that high bond yields indicate economic uncertainty, tight monetary policy and weak investment appetite. These three factors negatively affect Bitcoin and altcoins because these assets usually gain value during periods of quantitative easing and when investors’ risk appetite is high. Koch states that high interest rates pose a threat to the economic health of the US in particular. Moreover, despite Donald Trump’s crypto-friendly stance, this picture is straining the US economy. In the bond market, interest rates and bond prices are inversely proportional. If investors lose confidence in bonds and sell them, prices fall and interest rates rise. This increases the government's borrowing costs. Recently, the credit rating agency Moody's downgraded the US credit rating from AAA to AA1. This step accelerated the loss of confidence in the market. Although Fitch (2011) and S&P (2023) had previously taken similar steps, Moody's decision was also enough to shake investors' confidence. High interest rates make it harder for both the government and the private sector to borrow. By 2025, the U.S. will have about $9.2 trillion in debt coming due and will need to be refinanced with new bonds. But current high interest rates make that process prohibitively expensive. Related News: New Development in GENIUS Bill That Will Determine the Fate of Cryptocurrencies in the US Koch says the U.S. has three potential paths to lower high bond yields: Boosting economic optimism: Strong economic data can boost investor confidence and stimulate bond demand. FED's interest rate cut: By lowering the policy rate, the relative attractiveness of existing bonds increases. FED returns to bond-buying program (Quantitative Easing): Large purchases of bonds from the market artificially push interest rates down. According to Koch, all three scenarios could create a bullish wave in risky assets, especially altcoins, as periods of monetary easing have historically heralded bull markets for cryptocurrencies. “Currently, there may be uncertainty in the bond markets. However, if this uncertainty is resolved, there is a high potential for us to see a sharp rally in the Bitcoin and altcoin markets. We need to be patient,” he concluded. *This is not investment advice. Continue Reading: Bitcoin Hits a New Record, But When Will the Big Altcoin Bull Run Begin? Analyst Reveals Conditions
Key points: Bitcoin all-time highs matter little to those seeing a BTC price correction as long overdue. Both the latest surge and the bull market itself are on borrowed time, traders argue. Comparisons to previous price cycles remain in use despite the booming institutional investment scene. Bitcoin ( BTC ) traders are calling for a pullback after all-time highs and seven “green” weekly candles. BTC price momentum continues to be met with skepticism as commentators assume that lower levels will come next. BTC price roadmap prepares for Q4 “cycle peak” Bitcoin hit its highest-ever levels this week, data from Cointelegraph Markets Pro and TradingView confirms — but despite being up by a third in Q2 already, BTC/USD remains unconvincing for many. Long-term analysis suggests that not only is price action due to return lower to consolidate gains, but that the entire bull market is near completion. Among the latest prognoses calling for a “sanity check” is that of popular trading resource Stockmoney Lizards. In one of its latest posts on X , it brought back a bull market roadmap from late 2023. “In December 2023 we posted this BTC roadmap (lower picture). I overlayed the actual chart with the same TF. Price is a bit lower, however, timelines are fairly accurate,” it commented. The chart itself shows Bitcoin’s next “cycle peak” coming in Q4 this year, with the subsequent bear market taking BTC/USD back to 2021 highs of $69,000. Others referenced historical BTC price action to argue for a more imminent correction. Popular trader Crypto Chase notes that the price is now considerably higher than some typical bull market exponential moving averages (EMAs). “Every time price deviates FAR outside the EMAs (circled areas), we always see a pullback,” he told X followers. “Even if that pullback if brief before more upside, it's a pullback.” BTC/USD 1-week chart with 21, 50 EMA. Source: Cointelegraph/TradingView The post acknowledged the presence of increased institutional buying power this cycle, something which could skew price performance in bulls’ favor. Bitcoin “looks exhausted” As Cointelegraph reported, various market participants have been expecting a significant comedown this month. Related: $107K fakeout or new all-time highs? 5 things to know in Bitcoin this week Support targets include everywhere from $105,000 to $90,000 , with proponents seeing little fuel left in the bull market tank. “This doesn’t mean downside is coming immediately, it just means the bull run is likely coming to an end and I'd rather not take the risk and hold spot here. See 2021 vs now,” fellow trader Roman wrote in an X update on the topic. Roman described Bitcoin as “looking exhausted” based on relative strength index (RSI) bearish divergences . BTC/USD 1-week chart with RSI data. Source: Roman/ X This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Pakistani lawmakers have endorsed the creation of a regulatory body to oversee the country’s blockchain-based financial infrastructure and digital asset ecosystem. Dubbed the Pakistan Digital Assets Authority (PDAA), the Ministry of Finance has approved its formation to supervise licensing, compliance, and innovation across the digital asset sector, according to a May 21 report from state-owned broadcaster PTV. The body will be responsible for monitoring operations of related entities such as crypto exchanges, custodians, digital wallets, tokenization services, stablecoins, and decentralized finance protocols. According to Finance Minister Muhammad Aurangzeb, the PDAA is part of a broader strategy to place Pakistan at the forefront of financial innovation. He stressed that Pakistan must “regulate not just to catch up — but to lead,” adding that the new body will help protect consumers, attract global investment, and develop a “future-ready framework” for digital finance. Beyond market oversight, the PDAA is expected to play a central role in tokenizing national assets and government debt, facilitating Bitcoin mining through monetization of surplus electricity, and enabling local startups to build blockchain-based solutions at scale. You might also like: New York City to establish crypto advisory council, says Mayor Eric Adams As previously reported by crypto.news, Pakistan’s Power Division began consultations in March with key stakeholders to explore competitive electricity pricing models for emerging industries, including digital assets, without resorting to subsidies. Power Minister Awais Leghari has also held discussions with Bilal Bin Saqib, CEO of the newly established Pakistan Crypto Council (PCC), to assess how global crypto mining firms could utilise the country’s surplus electricity. A little over two years after former minister Aisha Ghaus Pasha insisted Pakistan would not legalize cryptocurrencies , the launch of the PDAA signals a dramatic rethink of the country’s position. For years, the State Bank of Pakistan had maintained a cautious position, warning against cryptocurrency use and deeming assets like Bitcoin illegal tender. However, that stance began to soften in late 2024 when the government proposed amendments to the SBP Act allowing the central bank to issue digital currency and manage both physical and digital forms of money. Further signalling change, the Pakistan Crypto Council was established in March 2025 under the Finance Division to advise on digital asset policy. At the time, Saqib said that Pakistan is “done sitting on the sidelines” and wants to attract international investment, highlighting the country’s “low-cost high-growth market” and a “web3 native workforce ready to build.” The following month, Binance founder Changpeng Zhao was appointed as Strategic Advisor, after high-level meetings in Islamabad with the Prime Minister, Finance Minister, and central bank officials. Pakistan is estimated to have between 15 and 20 million cryptocurrency users and currently ranks among the top 10 countries globally in crypto adoption, according to Chainalysis data . Read more: Swiss Crypto Valley soars 132%, now home for nearly 1,750 blockchain firms
The inflows into US spot Bitcoin ETFs are driven by both institutional and retail investors amid BTC's rally to a new all-time high. IBIT alone absorbed over 4,900 BTC in one day. A trader named James Wynn also stunned the crypto world by building a $1.1 billion long Bitcoin position at 40x leverage on Hyperliquid, which triggered a buzz across trading communities. Meanwhile, Texas took a historic step by passing SB 21, which aims to create a state-managed Bitcoin reserve. BlackRock Leads Bitcoin ETF Inflow Stampede BlackRock’s iShares Bitcoin Trust (IBIT) saw a massive surge in activity on May 21, and recorded its largest single-day inflow in over two weeks. This was thanks to institutional and retail investors piling into US spot Bitcoin ETFs amid the rally in the crypto market. According to Farside Investors , IBIT posted net inflows of $530.6 million, which is just shy of the daily record of $531.2 million that was set earlier this month on May 5. Since April 9, the ETF has not experienced a single day of outflows. The most recent inflow figure is particularly striking when considering that IBIT absorbed 4,931 BTC in a single day. This is more than 10 times the amount of Bitcoin that was mined on the same day, which stood at just 450 BTC. In addition to this, IBIT also saw its busiest trading day since January, which is a signal of heightened investor interest and activity. Nate Geraci , president of the ETF Store, said that based on the trading volume, even higher inflow numbers could be on the way. Other spot Bitcoin ETFs also mirrored this bullish momentum. Across all 11 spot ETFs, the total net inflows reached $607.1 million for the day. The Fidelity Wise Origin Bitcoin Fund (FBTC) came in second behind IBIT, pulling in $23.5 million. Bloomberg’s senior ETF analyst Eric Balchunas described the inflow spike as a “classic feeding frenzy,” and pointed to Bitcoin’s sharp price jump as the catalyst. Bitcoin’s rally extended into May 22, with prices reaching a new all-time high of close to $112,000. Balchunas added that ETF trading volumes are echoing the levels that were seen in January when Bitcoin last approached an all-time high, and many ETFs are expected to double their average inflow rates over the next few days. The recent surge in price and investment interest not only drove up ETF flows but also prompted wider speculation about Bitcoin’s potential in the current macroeconomic environment. Jeff Mei , COO of the crypto exchange BTSE, said that Bitcoin ETFs are becoming a go-to vehicle for investors looking to gain exposure to the asset, especially as the space attracted $3.6 billion in net inflows over the course of May. He suggested that this upward trend may continue and even accelerate, particularly if the Federal Reserve proceeds with interest rate cuts. Meanwhile, Jupiter Zheng, a partner at HashKey Capital, warned that as Bitcoin pushes into uncharted price discovery territory, more volatility should be expected. Zheng also mentioned ongoing geopolitical instability and economic uncertainty as driving forces behind the long-term investment appeal of Bitcoin. Bitcoin Trader Goes All In A crypto trader known by the pseudonym “James Wynn” shocked the market by expanding a 40x leverage long Bitcoin position to over $1.1 billion on the decentralized exchange Hyperliquid. This is likely the first-ever billion-dollar position on the platform. According to blockchain explorer Hypurrscan , Wynn’s trade is currently sitting on a $36 million unrealized profit, with an average entry price of $108,065 per Bitcoin. The move was made using a $28.4 million margin spread across multiple trades to build the enormous long position. The bold strategy attracted the attention of the crypto community, and market commentators praised the audacity of such a high-risk play. Crypto analyst Sigma^2 celebrated the milestone on X by stating, “He did it fellas. First position [on Hyperliquid] to exceed $1B,” while others described Wynn as either fearless or reckless. At press time, Bitcoin was trading hands at $110,982 after reaching a new all-time high of $111,861.22. The crypto king was also up by more than 8% on its weekly time frame. BTC price action over the past 24 hours (Source: CoinMarketCap ) Interestingly, on May 20, HyperDash data showed Wynn started to reduce parts of the long position as Bitcoin hovered around $106,000, suggesting some level of caution despite the aggressive leverage. Still, the overall position is still firmly intact, and the unrealized profit swung dramatically from a $16.3 million loss just days ago to a multi-million dollar gain in line with Bitcoin’s sharp rally. James Wynn X profile James Wynn, who claims to be both a high-risk leverage trader and a meme coin enthusiast, has only been using the Hyperliquid exchange for around two months. During that time, he deposited $4.65 million in USDC and executed 32 trades, including long positions on well-known tokens like XRP, TRUMP, PEPE, FARTCOIN, and TON. Hyperliquid runs on its own layer 1 blockchain, and offers a decentralized trading experience including spot markets and DeFi lending products. Now, this $1.1 billion long bet placed the platform under the spotlight. Texas One Step Closer to Holding Bitcoin To add even more steam to Bitcoin’s current momentum, the Texas House of Representatives approved SB 21 in a 101-42 vote, advancing legislation that will establish a state-managed Bitcoin reserve. The bill previously passed the Texas Senate 25-5, and now heads to Governor Greg Abbott, who can choose to sign it into law or issue a veto. The bill was authored by Senator Charles Schwertner, and it empowers the state’s comptroller to invest in cryptocurrencies that maintain a market cap above $500 billion for at least 12 months. This is a requirement currently only met by Bitcoin. Representative Giovanni Capriglione hailed the legislation as a landmark move, and called it a “pivotal moment” for Texas. If signed, Texas will become the second US state to formally establish a cryptocurrency reserve, following New Hampshire’s move earlier in May when Governor Kelly Ayotte signed House Bill 302 into law. Texas had a gross domestic product of $2.7 trillion in 2024, and ranks as the second-largest economy in the United States. It would hold the eighth-largest economy globally if it were an independent nation. Similar efforts in other states have seen mixed results. Arizona Governor Katie Hobbs vetoed two crypto reserve bills on May 13, due to the volatility of crypto assets. Florida lawmakers also withdrew two proposed Bitcoin reserve bills on the same day New Hampshire passed its own, and Montana legislators rejected a reserve proposal over concerns about risk. (Source: BitcoinLaws ) According to the policy-tracking site Bitcoin Laws , 47 Bitcoin reserve-related bills have been introduced across 26 US states, with 13 more under discussion at the federal level.
The return of positive ETF inflows and rise in depositing addresses for staking could pave way for a better environment of Ethereum products.
Solana Mobile made two announcements focused on disrupting the current mobile phone ecosystem: Its second hardware development, the Seeker phone, will begin shipping on August 4. Along with it, a new platform called TEEPIN will also debut, featuring an ecosystem token at its center. Solana Mobile Launches TEEPIN, Announces Shipping Date for Seeker Solana Mobile
Nearly every Singaporean has heard of cryptocurrency, but fewer are diving in headfirst, a new survey by MAS-licensed crypto exchange, Independent Reserve, revealed. Crypto awareness among Singaporeans has hit a new high of 94% . However, only 29% currently own or have owned crypto in the past year, down from 40% in 2024. “This decrease in crypto adoption comes as Singaporeans take a more defensive financial posture against the backdrop of global macroeconomic uncertainty,” a detailed report noted. The exchange surveyed 1,500 residents across Singapore in February 2025. Survey Reveals Shifting Sentiments in 2025 Independent Reserve claims that many Singaporeans are reallocating toward traditional investments. For instance, the share of respondents keeping cash in savings or fixed deposits has risen to 49% in 2025, up from 42% in 2024. “Investors are selectively managing risk and diversifying across asset classes in response to broader economic conditions,” the survey read. Mark Wong, Head of Trading at Independent Reserve, explains that the BTC/SGD pair dropped 19.3% from S$143,000 (US$110,832) in January to mid-April. “This decline reflects a broader pullback from risk assets,” he noted. Further, Wong said that Singapore’s crypto investors have shifted towards “high-quality assets” that maintain resilience in volatile conditions. “Painful lessons from speculative tokens have taught investors to prioritise robustness over hype,” he said. “Survey data reveals that investors holding two to five cryptocurrencies are most likely to report gains or break even, whilst those with eleven or more cryptocurrencies fare worse.” Besides, the trend is among the younger crypto users in Singapore, per the Straits Times report published last month . Though the ownership rate has decreased, younger generations, particularly Gen Z and millennials, are leading cryptocurrency adoption, with around 40% holding crypto. Crypto adoption is rising in Singapore, and younger users are leading it. Businesses are adapting, though challenges like usability, security, and limited merchant support continue to hinder widespread use. #Blockchain #CryptoAdoption https://t.co/9xPjW6dG76 — Cryptonews.com (@cryptonews) April 8, 2025 Singaporean Investors Believe Bitcoin Would Surpass $250K by 2030 However, Bitcoin has been emerging as a possible safe haven amidst stagflation concerns. 68% of crypto investors in Singapore said they hold Bitcoin, and 23% believe that the world’s largest crypto will surpass $250,000 by 2030. Wong said that 59% of respondents favour Bitcoin over other crypto assets. “Even amongst non-crypto owners, it commands trust, with 52% favouring Bitcoin over stablecoins (48%).” Bitcoin set a fresh record at $109,487.23 on Wednesday , after witnessing a rising ETF inflow. The crypto is trading at $110.95 at press time. Additionally, the survey revealed that 28% of crypto investors hold a memecoin, with 43% of Singaporeans aware of at least one memecoin. “Memecoins are broadening the entry points into crypto. While they may not serve as core holdings, their cultural relevance has expanded the reach and accessibility of crypto for a new generation,” says Lasanka Perera, CEO of Independent Reserve. The post Despite 94% Crypto Awareness, Only 29% of Singaporeans Hold Any: Survey appeared first on Cryptonews .