Cryptocurrency onchain data witnessed the movement of many whales today. Bitcoin price made a partial dash today, exceeding $108,000 and is trading at $108,588 at the time of writing. According to the data, three whales made purchases of the same altcoin today. The first of the whales, a wallet with the short address 0xd83, used $2.5 million worth of USDC to purchase 70,617 HYPE at an average price of $35.40. The second crypto whale, 0x9E8, spent $1 million worth of USDC stablecoin to purchase 28,500 HYPE at an average price of $35.09. The last wallet in this group of whales, 0xab6, entered an order to buy 57,372 HYPE worth $1.45 million at a price of $24.95, according to the data. At the time of writing, HYPE is trading at around $37.86. Related News: First Day of US-China Trade Talks Ends - Trump and US Delegation Issue Statements On the other hand, another newly created crypto whale was observed purchasing 1.18 million Keeta (KTA) tokens worth $1.92 million. The latest crypto whale sent 4,949 Ethereum (ETH) worth $12.54 million to various centralized cryptocurrency exchanges after a four-year dormancy and moved 3,936 ETH worth $9.9 million to another wallet. *This is not investment advice. Continue Reading: Whales Are Very Active Today: They Bought and Sold in Bulk – Here Are Their Altcoin Transactions
Founder of crypto payments company Evita charged with fraud and money laundering
The U.S. Securities and Exchange Commission Chairman, Paul Atkins, has vowed to do things differently during his tenure and is already hard at work. Under his leadership, the SEC is now considering changing how it views self-custody, describing it as a “foundational American value.” Chairman Paul Atkins gave remarks at the Crypto Task Force Roundtable: https://t.co/qdz19Hdgyl More information on the Crypto Task Force: https://t.co/3dAzZIsAvL pic.twitter.com/fy6Auir24w — U.S. Securities and Exchange Commission (@SECGov) April 25, 2025 Atkins at the SEC’s final Crypto Task Force Roundtable According to remarks delivered Monday at the SEC’s final Crypto Task Force Roundtable, which was titled “DeFi and the American Spirit,” Atkins hinted at a progressive openness toward self-custody, marking a departure from the previous administration’s ethos. According to Atkins, “the right to have self-custody of one’s private property is a foundational American value” and logging on to the internet should not compromise that. “I am in favor of affording greater flexibility to market participants to self-custody crypto assets,” he said. “Especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities.” The SEC has turned a new leaf since President Donald Trump took office and former SEC Chair Gary Gensler’s departure . The new regime has taken a warmer approach to the previously embattled crypto industry, partially through throwing out enforcement actions against major crypto industry players and putting together the crypto task force. Paul S. Atkins was sworn into office as the 34th Chairman of the Securities and Exchange Commission. https://t.co/UF2qmAwb8P pic.twitter.com/7ekU3TUDEM — U.S. Securities and Exchange Commission (@SECGov) April 22, 2025 So far, the task force has hosted five roundtable discussions over the past few months with a focus on tokenization, custody, trading, and defining securities. Atkins has positioned himself as a critic of the agency’s previous approach, and on Monday, he accused the agency of undermining innovation in self-custody by asserting that developers could be brokers, and therefore, need to follow the SEC’s rules. Atkins thinks these “century-old regulatory frameworks” should not be allowed to stifle innovation with technologies that he said could “upend and most importantly improve and advance our current, traditional intermediated model.” “We should not automatically fear the future,” Atkins said. “I have asked the Commission staff to explore whether further guidance or rulemaking may be helpful for enabling registrants to transact with these software systems in compliance with applicable law.” Atkins is excited to use on-chain software systems to eliminate economic frictions Atkins also expressed excitement about the progressive use of on-chain software systems by issuers and intermediaries to “eliminate economic frictions, increase capital efficiency, enable new types of financial products, and enhance liquidity.” He revealed that he has asked the staff to consider whether amendments to the Commission’s rules and regulations would be better suited to provide needed accommodation for issuers and intermediaries who seek to administer on-chain financial systems. Atkins has also directed the staff to consider a conditional exemptive relief framework or “innovation exemption” that would expeditiously allow registrants and non-registrants to bring on-chain products and services to market. He believes that an innovation exemption could potentially fulfill President Trump’s vision to make America the “crypto capital of the planet” as it could encourage developers, entrepreneurs, and other firms willing to comply with certain conditions to innovate with on-chain technologies in the United States. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Are we headed for a Bitcoin breakup?
A newly shared analysis from crypto expert Egrag Crypto asserts that XRP’s market may be setting up for a considerable move if the token can secure three straight daily closes above a critical benchmark. According to the analyst, such an outcome could unlock significant upward momentum for XRP. Currently, XRP hovers around $2.26, reflecting a modest increase of approximately 0.25% in the last 24 hours. While price action has been contained within a narrow range, attention remains on whether XRP can consistently surpass key resistance levels. Defining the $2.22 Threshold Egrag Crypto highlights the significance of the $2.22 mark. This level has consistently halted gains in recent months, as confirmed by repeated rejections near a descending trendline. The analyst contends that if XRP achieves three consecutive daily closings above $2.22, it would signal a potential shift in market sentiment from bearish to bullish. The trendline, which has served as a barrier, must be decisively breached to validate this outlook. #XRP — Tick-Tock , It’s Time to Break Out! The key micro signal? Just 3 daily closes above $2.22. When that happens, it’s showtime! #XRPFamily STAY STEADY and STRONG! Together We Rise, and We SHALL FLY SO HIGH pic.twitter.com/qGyuZ3JbHD — EGRAG CRYPTO (@egragcrypto) June 8, 2025 Should XRP succeed in maintaining daily closes above $2.22, the next zone to track is around $2.36. This level represents the next resistance. Success there could prompt additional upward momentum, targeting higher pressure points near $2.50 and $2.65. Overcoming these areas may pave the way toward a longer-term objective near $3.10, a potential gain of nearly 39% from the current spot price. Sentiment and Market Show Signs of Widening Participation The analyst points to increasing activity in derivatives markets as a corroborating indicator. XRP derivatives volume has surged about 138%, while open interest has risen roughly 6%. Moreover, options trading volume has seen an uplift of approximately 20%. These metrics suggest growing interest from both speculative and hedging participants and may imply that market sentiment is tilting toward anticipating a breakout. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 A string of successful daily closes above $2.22 may demonstrate that former resistance is solidifying into support. In that scenario, traders could interpret the move as a validation of bullish momentum, prompting scaled entries at the $2.36 , $2.50, and $2.65 thresholds. Each successive level represents potential take-profit zones for participants aiming to lock in gains ahead of a possible test of the $3.10 mark. Risks and Considerations Despite the positive indicators, caution is warranted. Failure to break decisively above $2.22, or a swift reversal after crossing that level, could revive the dominance of bearish forces. Likewise, external events or broader crypto market weakness may impose headwinds, underscoring the importance of confirming any breakout with sustained and well-supported price action. XRP is at a critical juncture. Egrag Crypto’s analysis frames three consecutive daily closes above $2.22 as a potential trigger for a shift in market momentum. Should this occur, the path toward $2.36, $2.50, and even $3.10 becomes more accessible. Meanwhile, rising derivatives activity reinforces this narrative, suggesting increased trader engagement. Still, the levels must be won and held convincingly to validate the bullish hypothesis. 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 XRP’s Three Consecutive Closes Above This Price Could Trigger Massive Rally appeared first on Times Tabloid .
Plasma’s recent stablecoin deposit vault attracted an astonishing $500 million in mere minutes, signaling a potential revival of ICO-style fundraising in the crypto space. One trader notably paid over $100,000
The post Paraguay Government Says President Santiago Peña’s X Account Got Hacked to Promote Bitcoin Scam appeared first on Coinpedia Fintech News The Paraguay government asked its citizens, on Monday, June 9, to ignore X posts made through the official account of President Santiago Peña. Earlier on Monday during the mid-North American trading session, the X account for President Peña indicated that Paraguay had adopted Bitcoin as a legal tender in addition to creating a strategic BTC reserve and bond access for crypto assets. According to the X post, which was later deleted, the Paraguay government had created a $5 million Bitcoin reserve. However, the Paraguay government disputed the claims as no such move was underway. Currently, the Paraguay lawmakers are focused solely on regulating the crypto mining sector and virtual assets exchanges to enhance tax collection. Bitcoin Price Gains Bullish Momentum Following the fake news from Paraguay, Bitcoin price surged over 2 percent to reach a local high of about $108,702. The wider altcoin market, led by Ethereum (ETH), recorded bullish sentiment, thus the total crypto valuation surged to $3.51 trillion at the time of this writing. As a result of the sudden crypto rebound, more than $222 million was liquidated, with the largest single liquidation involving $3.28 million from a BTC whale. The Bitcoin’s futures Open Interest (OI) surged from $71 billion to $77 billion in the past 24 hours catalyzed by rising FOMO crypto traders. $BTC Descending Broadening Wedge Upside Breakout is Confirmed… Send it to New All time High.. #Crypto #Bitcoin #BTCUSDT #BTC pic.twitter.com/HqVSpcTfgM — Captain Faibik (@CryptoFaibik) June 9, 2025 From a technical analysis standpoint, Bitcoin price is well positioned to smash its previous all-time high in the near future. A consistent daily close above $107k will confirm the onset of a fresh bull rally fueled by institutional investors. As Coinpedia reported, Strategy has led dozens of companies to adopt a Bitcoin treasury management plan, thus escalating the supply vs demand shock.
Are ICOs back? Stablecoin network Plasma just attracted $500 million worth of deposits for its sale, with one trader paying $100K for an edge.
Ripple CEO Brad Garlinghouse’s rumored meeting with former U.S. President Donald Trump has sparked widespread speculation about the future of XRP and its potential market impact. While social media buzz
Bitcoin’s implied volatility has dropped to a one-year low amid renewed U.S.-China trade negotiations, signaling a period of relative price stability despite ongoing geopolitical tensions. The cryptocurrency remains range-bound above