BitcoinWorld Colossal Bitcoin Whale Transfer: A Mysterious $899 Million Move From Coinbase The cryptocurrency world thrives on transparency, yet moments of profound mystery often capture its collective imagination. Recently, a colossal event sent ripples across the digital asset landscape: a monumental Bitcoin whale transfer . This isn’t just any transaction; it involves a staggering 7,743 BTC, valued at approximately $899 million, moving from the prominent exchange Coinbase to an entirely unknown new wallet. Such a significant shift immediately begs questions and ignites speculation among investors, analysts, and enthusiasts alike. What does such a massive move signify for the market? Is it a strategic play by a major institution, a security measure, or something else entirely? Let’s dive deep into this intriguing event and unravel its potential implications. What Exactly Happened with This Bitcoin Whale Transfer? The news broke courtesy of Whale Alert , a popular blockchain tracking service renowned for monitoring large cryptocurrency transactions. Their report highlighted the transfer of 7,743 BTC from a Coinbase wallet to an address that has no public association, making it an ‘unknown new wallet.’ The sheer scale of this transaction—nearing a billion dollars—makes it one of the most significant single movements of Bitcoin in recent times. This particular Bitcoin whale transfer originated from a known exchange, adding another layer of intrigue. To put the scale into perspective, consider these points: Volume: 7,743 BTC represents a substantial portion of Bitcoin’s circulating supply, though still a small percentage overall. Value: At approximately $899 million, this transfer underscores the immense wealth held by Bitcoin’s largest holders. Origin: Moving from Coinbase, one of the world’s largest and most regulated cryptocurrency exchanges, suggests a deliberate and perhaps strategic action rather than a random occurrence. Destination: An ‘unknown new wallet’ means the recipient’s identity remains anonymous, fueling speculation about their intentions. Why Do Bitcoin Whale Transfers Send Ripples Through the Market? In the decentralized world of cryptocurrencies, large holders, often dubbed ‘whales,’ wield significant influence. Their movements are meticulously watched because they can often precede major price swings or shifts in market sentiment. A Bitcoin whale transfer of this magnitude is akin to a giant ship changing course in the ocean; it creates waves that affect smaller vessels. Here’s why these transfers are so closely monitored: Potential Price Impact: If the Bitcoin is moved to an exchange, it could signal an intent to sell, potentially increasing supply and exerting downward pressure on prices. Conversely, if moved to cold storage, it might indicate long-term holding, reducing available supply and potentially supporting prices. Market Sentiment: Large transfers can create fear, uncertainty, and doubt (FUD) if perceived as a prelude to selling, or inspire confidence if seen as accumulation. Liquidity Implications: A significant withdrawal from an exchange like Coinbase impacts its liquidity, even if temporarily. Insight into Major Players: While identities remain unknown, such transfers offer a glimpse into the activities of major market participants, whose moves are often considered highly strategic. The Enigma of the Unknown Wallet: Who’s Behind This Colossal Bitcoin Whale Transfer? The most captivating aspect of this event is the destination: an unknown new wallet. This anonymity opens the door to numerous theories. While we can only speculate, some common possibilities for such a significant Bitcoin whale transfer include: Institutional OTC (Over-The-Counter) Deal: Large institutions often prefer OTC desks for buying or selling massive amounts of crypto to avoid impacting exchange order books. This transfer could be part of an OTC transaction where the buyer is taking custody. Cold Storage for Long-Term Holding: A whale might be moving their assets from an exchange to a secure, offline cold storage wallet for enhanced security and a long-term holding strategy. This suggests bullish sentiment. Internal Reorganization: Large entities, including exchanges or investment funds, might conduct internal transfers to consolidate assets, rebalance portfolios, or move funds between different operational wallets. Preparation for a Major Sale: While less likely to an unknown new wallet directly, the funds could be destined for a series of smaller sales or another platform for a structured exit. Custodial Services: A large client of Coinbase Custody might be moving their assets to a new, private custodial solution or another secure storage arrangement. Without further on-chain activity or official statements, the true intent behind this specific Bitcoin whale transfer remains shrouded in mystery, adding to the allure of the decentralized financial landscape. Coinbase’s Role and Implications for Exchanges As one of the most prominent and regulated cryptocurrency exchanges globally, Coinbase plays a crucial role in the crypto ecosystem. The fact that this Bitcoin whale transfer originated from Coinbase underscores its status as a major liquidity provider and a hub for large-scale transactions. It’s important to clarify that such a withdrawal is a standard operational procedure and does not indicate any security breach or issue with Coinbase itself. Users are free to move their assets off the platform at any time. However, significant withdrawals from exchanges can have subtle impacts: Aspect Impact on Exchanges Market Implication Liquidity Temporarily reduces available Bitcoin on the exchange. Could make large trades on the exchange slightly more challenging. Trust Reinforces the ability of users to control their assets. Generally positive, showing decentralization in action. Monitoring Exchanges track large withdrawals for compliance. Adds to the data points for on-chain analysts. Decoding Whale Behavior: What Can Investors Learn from Such Transfers? While the immediate reaction to a massive Bitcoin whale transfer might be panic or excitement, savvy investors understand the importance of a measured response. These events serve as valuable data points, but rarely provide a definitive signal on their own. Instead, they encourage a deeper dive into on-chain analytics and market context. Here are some actionable insights for investors: Stay Informed, Not Reactive: Follow reputable on-chain analysis platforms and news sources, but avoid making impulsive decisions based on a single transaction. Look for Follow-Up Moves: A single transfer is less informative than a series of transactions. Does the Bitcoin move again? Does it get split into smaller amounts? Does it land on another exchange? Consider the Broader Market Context: Is the overall market bullish or bearish? What are macroeconomic factors influencing crypto? A large transfer in a bull market might be accumulation, while in a bear market, it could be distribution. Prioritize Your Own Strategy: Don’t let whale movements dictate your entire investment strategy. Stick to your risk management plan and investment thesis. Embrace On-Chain Transparency: The beauty of blockchain is that these transactions are public. While identities are often masked, the movements themselves offer unparalleled transparency into market dynamics. Potential Market Implications: Bullish, Bearish, or Neutral for Bitcoin? The impact of this Bitcoin whale transfer on the market is subject to various interpretations. There isn’t a single, definitive answer, as the true intent of the whale remains unknown. Potentially Bearish: If the funds are being moved to an OTC desk or another platform for a large, private sale, it could indicate an upcoming increase in selling pressure. However, moving directly to an ‘unknown new wallet’ makes this less likely to cause immediate market impact unless further movements occur. Potentially Bullish: If the whale is moving their Bitcoin to cold storage, it signals a strong conviction in Bitcoin’s long-term value and a desire to hold, effectively reducing the liquid supply available on exchanges. This is often interpreted as a bullish signal. Neutral/Operational: As discussed, the transfer could simply be an internal re-organization, a security measure, or part of a larger, pre-arranged deal that won’t directly hit public exchanges. In such cases, the immediate market impact might be minimal. Ultimately, the market’s reaction will depend on subsequent actions from this whale. The crypto community will be watching closely for any further movements from this mysterious address. Navigating the Volatility: Strategies for the Savvy Crypto Investor In a market as dynamic and occasionally enigmatic as cryptocurrency, understanding how to react to significant events like a large Bitcoin whale transfer is crucial. Rather than succumbing to fear or irrational exuberance, a well-informed investor adopts a strategic approach. Here are some key strategies: Diversify Your Portfolio: Don’t put all your digital eggs in one basket. A diversified portfolio can help mitigate risks associated with sudden movements in a single asset. Practice Dollar-Cost Averaging (DCA): Instead of trying to time the market, invest a fixed amount regularly. This strategy helps smooth out the impact of volatility. Set Clear Investment Goals and Risk Tolerance: Understand why you’re investing and how much risk you’re comfortable with. Stick to your plan. Utilize Stop-Loss Orders: For active traders, stop-loss orders can help limit potential losses if the market moves against your position unexpectedly. Do Your Own Research (DYOR): Always verify information and understand the underlying technology and fundamentals of the cryptocurrencies you invest in. Secure Your Assets: If you hold substantial amounts of crypto, consider moving them to a hardware wallet for cold storage, similar to what this whale might be doing. The Future of Large Bitcoin Transfers and Market Transparency As the cryptocurrency market matures, the ability to track and analyze on-chain data becomes increasingly sophisticated. Tools and services like Whale Alert continue to provide invaluable insights into the movements of large asset holders. While the anonymity of blockchain can be a double-edged sword, it also offers unprecedented transparency into transaction volumes and flows. Large Bitcoin whale transfers will undoubtedly continue to be a subject of fascination and analysis. They highlight the concentration of wealth in the crypto space and the potential for individual entities to influence market dynamics. As more institutions enter the space, we might see even larger, more frequent, and perhaps more transparent movements as part of regulated operations. The recent colossal Bitcoin whale transfer from Coinbase to an unknown wallet serves as a powerful reminder of the intriguing and often mysterious nature of the cryptocurrency market. While the immediate intentions behind this nearly billion-dollar move remain unconfirmed, it underscores the significant influence of large holders and the importance of on-chain monitoring. Whether it signals accumulation, a private sale, or an internal reorganization, such events invariably spark discussion and encourage a deeper understanding of market dynamics. For investors, it’s a call to remain vigilant, informed, and strategic, rather than reactive. The world of digital assets continues to evolve, and with it, the art of deciphering the silent, yet impactful, moves of its biggest players. Frequently Asked Questions (FAQs) What is a Bitcoin whale? A Bitcoin whale is an individual or entity that holds a very large amount of Bitcoin. While there’s no official threshold, it typically refers to addresses holding thousands of BTC, giving them the potential to significantly influence market prices with their transactions. Why is this specific Bitcoin whale transfer significant? This transfer is significant due to its immense size (7,743 BTC, approximately $899 million) and its origin from a major exchange (Coinbase) to an unknown new wallet. Such large movements can signal major strategic decisions by large holders, potentially impacting market sentiment and supply dynamics. Does this transfer mean Bitcoin’s price will drop? Not necessarily. While a large transfer to an exchange could signal an intent to sell, this specific transfer was to an unknown, non-exchange wallet. It could indicate a move to cold storage for long-term holding (bullish), an OTC deal, or an internal reorganization, none of which directly imply an immediate price drop. How can I track large Bitcoin transactions like this? Services like Whale Alert (which reported this transaction), blockchain explorers (e.g., Blockchain.com, Blockchair), and on-chain analytics platforms (e.g., Glassnode, CryptoQuant) allow users to track and analyze large Bitcoin transactions and whale movements. What does ‘unknown new wallet’ mean in this context? ‘Unknown new wallet’ means the receiving address has no publicly identified owner or association with a known entity (like an exchange or a major company). It’s a newly created address with no prior transaction history, adding to the mystery of the transfer’s purpose. If you found this analysis insightful, consider sharing it with your network! Understanding major crypto movements is key to navigating the market. Share this article on social media to help others stay informed about the latest Bitcoin whale transfer . To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Colossal Bitcoin Whale Transfer: A Mysterious $899 Million Move From Coinbase first appeared on BitcoinWorld and is written by Editorial Team
Key Takeaways: NDAChain is Vietnam’s state-backed blockchain, integrated with national digital services and identity systems. The system uses Proof-of-Authority with zero-knowledge proofs and supports both decentralized ID and traceability tools. By 2026, NDAChain will expand to regional and educational systems and support Layer 2 app development. Vietnam has launched NDAChain, a permissioned Layer 1 blockchain to support its national digital infrastructure, according to a press release published by NDAChain on July 25. The platform is operated by the Data Innovation and Exploitation Center under the Ministry of Public Security and developed by the National Data Association. Mix of Centralization and Decentralization NDAChain is integrated with the National Data Center and designed to serve as a verification layer for government and enterprise systems. Based on the release, it runs on a Proof-of-Authority consensus model supported by 49 validator nodes managed by public and private entities, including SunGroup, Masan, Zalo, Sovico, and VNVC. The system is enhanced with zero-knowledge proofs and can process up to 3,600 transactions per second. “Vietnam has chosen a hybrid data architecture that blends centralized and decentralized components,” said Nguyen Huy, Head of Technology at the National Data Association. “NDAChain acts as a protective layer for the nation’s live data, critical to our digital society and economy.” The blockchain supports a decentralized identity framework (NDA DID) and a product traceability solution (NDATrace). NDA DID enables identity verification for digital contracts and online interactions, while NDATrace assigns unique identifiers to products for authentication and cross-border tracking. Both systems integrate with existing national ID services and comply with international standards such as GS1 and W3C DID. Vietnam to pilot a crypto trading platform, with a legal framework expected to be submitted for government review. #Vietnam #Crypto https://t.co/xobCjQPylO — Cryptonews.com (@cryptonews) March 6, 2025 Vietnam Joins Countries with National Blockchains By the end of 2025 , the platform will be deployed across provincial agencies and academic institutions. The next phase includes support for Layer 2 applications, digital service development, and international collaboration. The launch of NDAChain places Vietnam among a growing group of governments building national blockchain infrastructure to support public services and data governance. Projects like China’s BSN, the EU’s EBSI, and South Korea’s Klaytn reflect a global trend toward state-backed blockchain platforms designed to secure identity systems, enhance supply chain traceability, and standardize data interoperability. Frequently Asked Questions (FAQs) How does Vietnam’s blockchain initiative compare with BSN or EBSI? Unlike China’s BSN, which operates under strict centralization, or the EU’s EBSI focused on regulatory harmonization, Vietnam uses a hybrid model combining state and private validator nodes with integration across national systems. Why are international standards like W3C DID and GS1 relevant here? These standards enable NDAChain-based systems to interface with global platforms, such as the EU’s blockchain services, facilitating digital identity verification and traceability across borders. Is Vietnam’s blockchain development part of a broader digital infrastructure plan? The deployment of NDAChain is linked to the country’s national data ecosystem strategy, with plans to support startups, Layer 2 apps, and regional implementation through 2026. The post Vietnam Launches National Blockchain for Data Infrastructure appeared first on Cryptonews .
A day after wrestling icon Hulk Hogan’s death, a wave of new meme coins flooded the market, but the largest token quickly proved to be a scam. Hogan, whose real name was Terry Bollea, passed away yesterday, setting off activity in the meme coin space. Almost immediately, a “Hulk Hogan Tribute” token appeared on decentralized exchanges, drawing eager traders hoping to honor the late star. Most notable among these was Hulk/SOL, that jumped to $7 million market cap. Despite early warnings from the community that the token was unsafe and clear signs of a botted chart, investors continued to pour in. Eventually, the coin crashed in a single candle. At press time, the market cap of this scam coin is only $5.7k with $7.1k left in the liquidity pool. It has crashed over 99.7% in the last 24 hours. Hulk scam coin chart. Source: DexScreener Watchdogs on social platforms and in the crypto community quickly clocked HULK as a scam. Yet within hours, its price ballooned, driven by automated bot activity. Meme coins ride Hulk Hogan’s iconic status Beyond the tribute token, several NFT collections appeared to honor Hogan. Traders minted digital art showing the wrestler in classic poses, and other meme coins used his name to attract buyers. But compared to the tribute coin’s rapid rise and fall, none of these other assets drew significant trading volumes or attention. This is not the first time the Hogan brand has been associated with questionable crypto projects. Last year, Hogan’s official X account was hijacked to push a “Hulkamania” token in a similar scheme. Hogan’s team regained control and removed the promotional posts, but the token itself ended in a rug pull. When they saw news of his passing yesterday, some traders revived the HULK token from that episode for one last activity boost. Charting the token’s price reveals a sharp initial jump followed by a steady decline. Ironically, last year’s rug pull proved to be more organic than the recent launches in his name. Nevertheless, the revived token never reached more than one-seventh of the tribute coin’s peak, and its decline included several “dead cat” bounces, brief recoveries that allowed a few traders to cash out. Former UFC star Ben Askren promotes crypto scam after nearly dying Meme coin scams seem to be heating up once again. In a similar case, former UFC celebrity Ben Askren ended up promoting a scam coin on his X account this week. Since late May, former mixed martial artist and ex-Olympian Ben Askren has been fighting severe pneumonia that led to a double lung transplant earlier this month. Doctors spent weeks caring for him in the hospital, and Askren later said he has no memory of the entire month of June and even felt like he was dead four times. His condition was so serious that some fans feared he might not survive. On Tuesday, Askren finally left the hospital after almost 60 days of treatment. Within 24 hours, his X account urged followers to buy “FUNKY,” a new Solana-based meme coin named after his nickname in wrestling and MMA. Reports said the token was a part of a paid promotion by serial rugpull launcher Sahil Arora, with a track record of similar schemes. The meme coin saw little real trading before its deployer sold the entire supply in one swift move. That sale crashed FUNKY’s price to zero, with the creator managing to cash out merely $1,200, considered to be chump change by crypto bros. This incident joins the list of the worst rugpulls in history, in terms of how little damage it did. Ben was hacked. You have to be a real POS to take advantage of a dude who almost died multiple times in the last 60 days. — Slim Pick’em💰 (@Slim_Pickem) July 23, 2025 Most believe Askren’s account was hacked or used without his full consent. His team has not confirmed if the post was genuine or the result of a breach. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
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Is the crypto market finally entering its next golden phase? With meme coins rebounding sharply, investors are re-evaluating what tokens deserve attention and what’s simply noise. While Pepe and Bonk have re-entered the spotlight with staggering daily volumes, one new entrant is capturing hearts, wallets, and headlines. Say hello to Arctic Pablo Coin (APC) , a meme token with more than just good timing. Its presale just crossed a jaw-dropping $3.08 million, with thousands of investors locking in at a price of $0.00057, aiming for its projected $0.008 launch. If you’re still sitting on the fence, consider this: with just $2,000, you could now walk away with over 3,500,000 APC tokens, worth over $28,000 at launch. The window is shrinking fast, and once it closes, this opportunity won’t knock again. This article will cover the developments and updates of all 3 coins: Arctic Pablo Coin , Pepe, and Bonk. Get Paid to Spread the Meme: Arctic Pablo’s Referral Engine Is Turning Users Into Earners What if just spreading the word about your favorite meme coin could earn you real money or tokens? Arctic Pablo Coin’s innovative referral incentives program does just that. Unlike typical shill-to-earn schemes, this system rewards users for bringing real value to the community, whether through social shares, invite-based conversions, or creative content. Isn’t it time for meme coin marketing to evolve? Arctic Pablo Coin is empowering the community to take the wheel, transforming every investor into a micro-ambassador. That means whether you’re a casual holder or hardcore crypto promoter, your words could turn into wallet fuel. This is just one reason Arctic Pablo shines among the Top Meme Coins to Invest in This Week ; it’s building viral momentum while rewarding the people who actually help it grow. The incentive model not only amplifies reach but also brings network effect mechanics into tokenomics. Are you missing out while others are earning more than just hype? Penguin Harbor Heats Up: Arctic Pablo’s Stage 33 Presale Sends Shockwaves Through Crypto Twitter How often does a meme coin deliver clear math, real projections, and potential 5-figure ROI before launch? Arctic Pablo Coin is doing just that, and the numbers speak volumes. Currently, in Stage 33 (Penguin Harbor), the token is priced at $0.00057, with over $3.08 million raised. Early buyers have already achieved a 3700% ROI, and if projections reach $0.008 at listing, that would mean a 1303.51% upside from today’s price. But here’s where things really get wild: if APC touches its analyst-predicted $0.1, today’s buyers are staring at a 17,443.86% return. Let that sink in. A $2,000 investment could grow into over $28,000 at listing, and that’s just the base-case scenario. Arctic Pablo shines among the Top Meme Coins to Invest in This Week because it combines a smart presale structure with emotional branding. Each stage adds urgency, driving demand and community growth. Investors who hesitate may find themselves priced out, possibly forever. Time is running out. The meme coin presale won’t wait. Are you ready to board the Pablo rocket, or will you be watching from the sidelines when it blasts past $0.008? Pepe’s $1.3B Volume Roars Back: But Will It Be Enough for a Breakout? The meme legend is back in action. With a 24-hour trading volume exceeding $1.33 billion, Pepe has reawakened interest among crypto traders seeking high-volatility, short-term plays. Sitting at $0.000013, the token is riding a fresh wave of speculation as whales re-enter and community posts flood X (formerly Twitter). But with meme coin momentum shifting toward new entrants, Pepe needs more than nostalgia to stay on top. While its fan base remains loyal, traders are asking: Will new investors take the bait or pivot to fresh, low-cap opportunities? Don’t let the grass grow under your feet. By the time Pepe makes another major move, other meme coins might have already left the station. Bonk Smashes Volume Records: Can the Dog-Driven Frenzy Sustain Momentum? With an eye-popping $1.67 billion in daily volume and a current price of $0.000035, Bonk is once again howling its way up the charts. The Solana-based meme token is drawing traders with its lightning-quick swaps and a meme strategy that’s part branding genius, part community frenzy. From gaming collaborations to NFT tie-ins, Bonk is expanding beyond the token format, but will all that bark lead to a bite in the long run? While traders chase the current wave, smart capital is seeking low-cost, high-upside tokens with ample room to grow. Remember: lightning doesn’t strike the same spot twice. Stay ahead, or you might find yourself chasing shadows in a moonlit market. Final Thoughts: Three Coins, One Decision, But Only One Presale Opportunity You Can Still Catch Pepe is roaring. Bonk is barking. However, Arctic Pablo Coin is rising, and it’s still early. The data tells its own story: $3.08M raised, ROI above 1300%, and a unique referral program that’s fueling exponential community growth. The presale isn’t just a stage, it’s a portal to potentially life-changing returns. The clock is ticking, and buyers are rushing to grab tokens before the price ascends further. Arctic Pablo shines among the Top Meme Coins to Invest in This Week for more than hype. It brings utility, energy, and numbers that make even seasoned traders double-check their wallets. For those who missed out on early Dogecoin or Shiba runs, this could be the rare second chance. Don’t just watch this wave rise. Ride it. Arctic Pablo Coin is your ticket to that next moonshot. For More Information: Arctic Pablo Coin: https://www.arcticpablo.com/ Telegram: https://t.me/ArcticPabloOfficial Twitter: https://x.com/arcticpabloHQ FAQs What is Arctic Pablo Coin’s current presale stage and price? Arctic Pablo Coin is in Stage 33 (Penguin Harbor) of its presale, with tokens priced at $0.00057. How much return can you get from investing in Arctic Pablo now? A $2,000 investment could potentially turn into over $28,000 at the $0.008 listing price. How does Arctic Pablo’s referral incentive program work? Users can earn APC tokens or rewards by sharing referral links and spreading the word on social media or other platforms. What is the total amount raised so far in the Arctic Pablo presale? Over $3.08 million has been raised in the Arctic Pablo Coin presale. Why is Arctic Pablo considered among the top meme coins this week? Due to its explosive presale growth, high projected ROI, and rewarding ecosystem, Arctic Pablo shines among the Top Meme Coins to Invest in This Week. Article Summary Arctic Pablo Coin (APC) is quickly establishing itself as the most promising meme coin of the week, thanks to a skyrocketing presale that has already crossed $3.08 million. With Stage 33 offering APC at just $0.00057, early investors stand to gain over 1300% ROI by the time it hits $0.008 at launch. The project’s referral incentives program, bold projections, and aggressive traction position it ahead of meme coin giants like Pepe and Bonk. With limited time remaining, Arctic Pablo shines among the Top Meme Coins to Invest in This Week, delivering not just hype, but serious upside. Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post From Penguin Harbor to Moon? Arctic Pablo’s $0.008 Launch Coming Fast While Pepe and Bonk Trend Upward appeared first on Times Tabloid .
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Ripple’s new stablecoin, RLUSD, is getting a lot of attention as a top choice for Bank of America’s (BofA) stablecoin plans. This is due primarily to RLUSD having strong legal support and a growing user base. It also adheres to the strict rules that major banks and financial companies must comply with. A recent statement from a top leader at Bank of America has sparked further interest. It suggests that the bank may be looking closely at RLUSD for its stablecoin launch. Bank of America Shows Interest in Stablecoins On July 16, 2025, Bank of America’s CEO, Brian Moynihan, announced that the bank is exploring stablecoins. He acknowledged that the bank has done deep internal research ; however, it is waiting for clearer laws before launching any product. The proposed stablecoin would be backed by the U.S. dollar, with reserves held in cash and short-term U.S. Treasury securities. Though Moynihan did not confirm a specific plan, he also did not rule out creating a brand-new stablecoin. However, many experts believe that Bank of America might choose Ripple’s XRP instead of creating its digital coin. Crypto analyst Paul Barron states that RLUSD already has a strong foundation and meets high compliance standards. The crypto asset is registered under New York’s strict financial laws (NYDFS) and works with BNY Mellon for secure custody. RLUSD works on both the XRP Ledger (XRPL) and the Ethereum blockchain. Its value has increased by over 30% in the past month and has now surpassed $500 million in total market size. Ripple’s RLUSD Fits BofA’s Stablecoin Plans Bank of America has been connected to Ripple since 2019. Some internal documents and patents referenced Ripple’s technology, mainly its role in cross-border payments. Reports also indicate that the bank has once tested XRP for real-world payments. These efforts indicate a broader shift toward utilizing blockchain for enhanced liquidity and faster settlement. RLUSD is built with a “compliance-first” approach. This is particularly important for large banks that are subject to strict regulations. Its strong legal structure makes it a good fit as banks respond to newly established laws like the GENIUS Act . In compliance with the new rules, banks like Bank of America are adjusting their plans to adhere to them. Ripple’s payment network already works with big names like American Express and Banco Santander. This indicates that RLUSD is trusted by major banks worldwide. Other Banks Also Move Toward Stablecoins Bank of America is not the only one in the stablecoin push. JPMorgan has confirmed that it is expanding the use of its stablecoin, JPM Coin. Citigroup is also working on its digital dollar. It is looking into tokenized deposits and crypto custody services. Even so, some experts believe a shared and approved stablecoin like RLUSD could help bring more trust and teamwork to the banking world. The post Ripple’s RLUSD Emerges as Top Stablecoin Choice for Bank of America appeared first on TheCoinrise.com .
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A closely followed crypto analyst says that Dogecoin ( DOGE ) may have an explosive breakout if the memecoin reclaims one key level as support. In a new thread, crypto trader Ali Martinez tells his 144,000 followers on the social media platform X that DOGE may be forming a bullish reversal pattern on the three-day chart and increase by more than 109% from its current value. “If Dogecoin is truly forming a double bottom, this is the spot for a rebound. Reclaiming $0.26 as support could set the stage for a rally toward $0.46!” Source: Ali Martinez/X DOGE is trading for $0.22 at time of writing, down 8.2% in the last 24 hours. Next up, the analyst says that the layer-1 blockchain Avalanche ( AVAX ) may see a more than 55% increase from its current value if it can flip the $27 level into support. “If Avalanche breaks above $27, it could quickly climb toward the next key target at $36!” Source: Ali Martinez/X AVAX is trading for $23.22 at time of writing, down 4.4% in the last 24 hours. Next up, the analyst says that artificial intelligence (AI)-focused crypto project Bittensor ( TAO ) may surge to its range high, a more than 81% increase from its current value, after entering an uptrend. “Bittensor has been range-bound between $190 and $740 since 2023. Now trading in the middle of that range, a move back to $740 looks increasingly likely.” Source: Ali Martinez/X TAO is trading for $409 at time of writing, down 5.5% in the last 24 hours. Lastly, the analyst says that memecoin Pudgy Penguins ( PENGU ) may be printing a similar bullish price pattern as the memecoin Pepe ( PEPE ) in 2024. “So far, PENGU continues to mirror PEPE price action. If the pattern holds, the next target is $0.24. Don’t sleep on it!” Source: Ali Martinez/X Looking at his chart, the analyst suggests PENGU may ultimately reach $1.30. PENGU is trading for $0.0364 at time of writing, down 10.4% on the day. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trader Predicts 109% Dogecoin Rally if Major Level Is Reclaimed, Updates Outlook on Avalanche and Two Other Altcoins appeared first on The Daily Hodl .
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