The post $30 Million Worth XRP Traded in 30 Minutes appeared first on Coinpedia Fintech News XRP is on the move, rising over 6% in the last 24 hours and now trading at $2.33. After weeks stuck between $2.00 and $2.29, many believe this could be the start of a big breakout. The surge comes right after a huge announcement: the SEC has approved the first-ever XRP ETF. It’s from ProShares and focuses on XRP futures. This is a big deal and could lead to a full spot XRP ETF soon—a move that could bring in tons of new investors and push prices even higher. According to experts, this is a big step forward and predicts that over $100 billion could flow into XRP soon. With more ETF applications pending, XRP’s future looks promising. Whale Activity On The Rise Meanwhile, whale activity is heating up. Whale Alert just spotted a massive transfer—over 29.5 million XRP (worth nearly $69 million) moved from a private wallet to Coinbase. No one knows if this whale is planning to sell or buy something else. 29,532,534 #XRP (68,722,825 USD) transferred from unknown wallet to #Coinbase https://t.co/EkmHivkHxP — Whale Alert (@whale_alert) April 28, 2025 And get this: in just 60 seconds, $30 million worth of XRP was traded. Things are moving fast, and all eyes are on XRP right now. BREAKING The future ETF approval is dominating the market , and $XRP whales are trading insanely! In just 1 minute, $30 million worth of XRP was traded— now that's insane! pic.twitter.com/xz1G1VXnwV — 𝕏aif | (@Xaif_Crypto) April 28, 2025 What’s Next For XRP Price? Analysts have said that XRP needs more buying power to keep going. If volume picks up, then XRP could quickly jump to $2.40. Analyst World of Charts predicts that XRP could soon breakout and hit $5, setting a new all-time high. He pointed to XRP’s past surge from $0.49 to $2.50, expecting a similar move to unfold soon. Ali Martinez in a recent X post shared that XRP is showing strong bullish momentum with a 67% rise in active users on its network. Additionally, XRP whales are accumulating more tokens, with large wallets holding a major portion of the supply.
Following a notable surge, Ethereum has approached a critical resistance zone around $1.8K and has begun losing momentum. Nevertheless, the emergence of a bearish divergence suggests a potential short-term corrective consolidation before the next bullish continuation. Technical Analysis The Daily Chart Following the substantial price increase as of late initiated by strong buying pressure at the critical $1.5K support level, ETH has reached a significant resistance zone near $1.8K. This upward displacement has resulted in the formation of a fair value gap, highlighting the presence of smart money on the buyers’ side. However, the $1.8K region coincides with a prior order block, likely filled with supply, making it a formidable barrier. Consequently, Ethereum is expected to enter a temporary consolidation phase, potentially followed by a minor correction before the next major move. Should buyers manage to breach this resistance, the next target would be the crucial $2.2K level. The 4-Hour Chart On the lower timeframe, ETH’s bullish market structure shift was confirmed after a breakout above a multi-month descending channel, leading to a strong surge toward the $1.8K resistance zone. This level aligns with previous significant swing lows, reinforcing its importance. However, momentum has stalled upon reaching this critical threshold, with the price entering a low-volatility consolidation phase. Simultaneously, a bearish divergence between the price and the RSI indicator has emerged, suggesting the likelihood of a short-term corrective move. As a result, extended consolidation or a minor pullback is anticipated before any further bullish breakout attempt. Onchain Analysis The Binance liquidation heatmap continues to offer valuable insights into Ethereum’s current market structure and potential future price movements. Liquidity zones, often clustered around key psychological levels, tend to act as magnets, attracting the price as market participants seek to trigger stop-losses and liquidations. Following the recent significant downtrend, a sizable concentration of liquidation levels has formed just above Ethereum’s previous swing high around the critical $2K mark. Historically, during periods of recovery or bullish sentiment, markets are drawn toward such liquidity pockets, as institutional players and smart money participants look to exploit trapped sellers by triggering forced liquidations. Currently, Ethereum’s price action indicates growing strength, having successfully rebounded from the key $1.5K support area and reclaimed important technical levels. Should the asset continue its upward momentum and enter the $2K liquidity cluster, a cascade of short liquidations could be unleashed. This would likely inject additional volatility and amplify buying pressure, pushing Ethereum rapidly toward the next critical resistance zone near $2.5K. The post Can ETH Challenge $2K After 10% Weekly Surge? (Ethereum Price Analysis) appeared first on CryptoPotato .
Big news is brewing from South Korea, potentially signaling a significant shift in how the nation handles digital assets. The People Power Party (PPP), a major conservative political force, has thrown its hat into the ring for the upcoming presidential election with a surprising and impactful agenda item: overhauling the current cryptocurrency regulatory landscape. This isn’t just minor tweaking; their sights are set on some fundamental changes that could reshape the environment for South Korea crypto regulation . What’s Happening with South Korea Crypto Exchanges ? At the heart of the PPP’s proposal is a plan to scrap the existing ‘one-bank rule’. Now, you might be asking, what exactly is the one-bank rule? Currently, under South Korean regulations, each registered crypto exchange is required to partner with just one commercial bank. This single bank is responsible for handling real-name accounts for the exchange’s users, verifying identities, and ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements. It’s a system designed, in part, to keep a tight leash on the crypto market and prevent illicit activities. While intended to enhance security and oversight, this rule has also created bottlenecks and potential dependencies. Exchanges are heavily reliant on their single banking partner, and securing such a partnership has been a significant hurdle for new or smaller exchanges. This can limit competition and innovation within the sector of South Korea crypto exchanges . Scrapping this rule could mean: Increased Competition: More banks could potentially partner with multiple exchanges, or exchanges could partner with several banks, easing the barrier to entry. Reduced Dependency: Exchanges would be less vulnerable to issues or policy changes from a single banking partner. Potential for Innovation: Greater banking flexibility might encourage exchanges to develop new services or features. Paving the Way for Institutional Crypto Trading South Korea Beyond the banking rule, the PPP’s agenda also includes a commitment to establishing a clear legal framework specifically tailored for business and institutional crypto trading. This is a crucial step. While retail crypto trading is widespread in South Korea, the path for larger financial institutions, corporations, or investment funds to directly engage with digital assets has been less clear and more restricted. Why is a dedicated framework important for Institutional crypto trading South Korea ? Legal Clarity: Provides certainty on how institutions can hold, trade, and account for digital assets. Risk Management: Lays down rules for institutional-level risk assessment and compliance. Market Growth: Opening the door to institutional capital could bring significant liquidity and maturity to the South Korean crypto market. Investor Protection: Tailored regulations can offer specific protections relevant to institutional-scale activities. This move signals an understanding that the crypto market is evolving beyond individual investors and that institutions require a different set of guidelines than retail traders. Understanding the Broader South Korea Crypto Regulation Landscape South Korea has a complex history with cryptocurrencies. It’s a nation with high crypto adoption rates among its population, but the government has often approached regulation with caution, sometimes leaning towards strict measures to protect investors and prevent speculation or illegal activities. Previous regulations have included banning anonymous trading accounts (leading to the one-bank rule for real-name accounts) and implementing strict listing requirements for exchanges. The PPP’s proposals, as reported by Herald Economy, suggest a potential pivot towards fostering growth and institutional participation while still maintaining regulatory oversight. It indicates a recognition of crypto’s growing importance in the global financial landscape. Navigating the future of South Korea crypto regulation will be key for both domestic and international players looking to operate or invest in the market. Analyzing the Potential Impact of the PPP Crypto Policy The proposed PPP crypto policy , if implemented, could have far-reaching effects. For individuals, potentially increased competition among exchanges could lead to better services and perhaps lower trading fees. For businesses and institutions, a clear legal framework removes ambiguity and lowers the compliance burden, making direct participation more feasible. However, challenges remain. Crafting effective regulation is complex. It needs to balance innovation and growth with crucial aspects like investor protection, market integrity, and preventing illicit finance. The details of the new framework for institutions and the specifics of how the banking rule change would be implemented will be critical. Benefits: Increased access to banking services for exchanges. Potential for more exchanges to operate legally. Greater clarity and opportunity for institutional investors. Potential for market growth and liquidity. Signals a potentially more pro-innovation stance from the government. Challenges: Ensuring robust AML/KYC compliance without the single-bank bottleneck. Developing a comprehensive and effective legal framework for institutions. Potential for regulatory arbitrage if rules aren’t harmonized. Implementation complexity and timeline. Gaining consensus across political parties and regulatory bodies. What Does This Mean for Crypto Banking South Korea ? The current system ties the legitimacy of an exchange heavily to its relationship with one specific bank for real-name accounts. This has made securing a banking partner a golden ticket, and losing one a potential death knell for an exchange. Changing this dynamic directly impacts Crypto banking South Korea . If the one-bank rule is scrapped, we could see banks becoming more willing to work with crypto exchanges, potentially offering a wider range of services beyond just real-name accounts. This could normalize the relationship between traditional finance and the crypto sector in South Korea, potentially leading to more integrated financial products and services down the line. It’s a move that could transition Crypto banking South Korea from a bottleneck to a facilitator, potentially enabling smoother fiat on/off ramps and greater financial stability for exchanges and their users. Looking Ahead: Actionable Insights What should you take away from this? For Investors: Keep an eye on the election results and subsequent policy developments. Changes could impact the exchanges you use and the overall market liquidity. For Exchanges: This proposal offers hope for a less restrictive banking environment and potentially increased institutional participation. Prepare for potential shifts in compliance requirements. For Institutions: If the PPP wins and implements this policy, South Korea could become a much more attractive market for direct crypto involvement. Start understanding the potential new framework. For the Market: This news adds to the narrative of increasing global regulatory focus and gradual integration of crypto into traditional finance, particularly regarding institutional access. Conclusion The People Power Party’s proposal to scrap the one-bank rule for crypto exchanges and build a legal framework for institutional trading is a significant development in the realm of South Korea crypto regulation . It signals a potential shift towards a more open, competitive, and institution-friendly crypto market in one of Asia’s key economies. While these are currently just proposals tied to an election agenda, they highlight the evolving perspective on digital assets within South Korea’s political landscape. The coming months will be crucial in determining if these bold plans move from proposal to reality, potentially revolutionizing the future of South Korea crypto exchanges and fostering significant Institutional crypto trading South Korea . To learn more about the latest crypto regulation trends, explore our article on key developments shaping crypto market institutional adoption.
April 28th, 2025 – Dubai, Dubai The global crypto exchange BYDFi has announced its official sponsorship of the TOKEN2049 conference in Dubai. At this event, BYDFi will showcase its on-chain trading tool, MoonX , marking its second international appearance after its debut at Paris Blockchain Week (PBW) . This move signifies BYDFi’s formal expansion into the Middle Eastern and broader international markets. TOKEN2049 will take place in Dubai from April 30 to May 1, expecting to attract over 15,000 attendees, including 500 industry leaders and 300+ media outlets. BYDFi will be showcasing its latest products and technological advancements at Booth 45 . BYDFi Completes CEX + DEX Dual-Engine Strategy, MoonX Continues to Grow As part of its 5th anniversary milestone, BYDFi is expanding its platform capabilities through a dual-engine architecture. This strategy enables BYDFi to maintain the efficiency and depth of centralized exchanges (CEX) while embracing on-chain trading through MoonX, responding to the growing demand for decentralized finance (DeFi) solutions. Currently, MoonX supports over 500,000 MemeCoins and emerging high-potential tokens, covering major blockchains such as Solana, BNB Chain, and others. It integrates smart filtering, smart money copy trading, and other features to provide users with a comprehensive on-chain trading experience. Michael, co-founder of BYDFi, stated, “User trading behavior is evolving. While some still prefer the liquidity and efficiency of CEX platforms, others are migrating to DEX for more control over their assets and the potential for on-chain gains. This is not a replacement of trends, but rather a new normal of coexistence between dual tracks.” He further emphasized, “Leading platforms of the future combine centralized trading performance with decentralized ecosystem connectivity. MoonX is a key step in BYDFi’s CEX + DEX dual-engine strategic upgrade,representing our judgment and investment in the next phase of market structure.” 5th Anniversary Special Activities: Online and Offline Interactive Experiences To celebrate BYDFi’s 5th anniversary, the platform is launching the “ Crypto Adventure Journey” : Online Participation: Register a new account and complete simple tasks to receive a $20 exclusive gift pack and platform trial credits. Participate in perpetual contract trading to share in the $10,000 prize pool. Offline Interaction: Following BYDFi’s official X account (@BYDFi_Official), retweet the event post with the hashtag #BYDFiTOKEN2049 to enter the lucky draw and win limited-edition merchandise and platform trial experience. Visiting Booth 45 at the event to experience the on-chain trading product MoonX, participate in interactive tasks, and win Crypto Adventure Gift Packages and mystery gifts. About BYDFi Founded in 2020, BYDFi has grown to serve over 1,000,000 users across 190+ countries and regions. Recognized by Forbes as one of the Top 10 Global Crypto Exchanges, the platform holds multiple MSB licenses, is a member of South Korea’s CodeVASP alliance, and advances the transparency and professionalism of its operations. BYDFi is committed to providing a world-class crypto trading experience for every user. BUIDL Your Dream Finance. Website: https://www.bydfi.com Support Email: cs@bydfi.com Business Partnerships: bd@bydfi.com Media Inquiries: media@bydfi.com Twitter( X ) | LinkedIn | Facebook | Telegram | YouTube Contact Senior Marketing Director Chloe BYDFi Fintech LTD chloe@bydfi.com This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post BYDFi Becomes Official Sponsor of TOKEN2049 Dubai, MoonX On-Chain Trading Tool Makes Its Debut in the Middle East appeared first on The Daily Hodl .
Dubai, Dubai, April 28th, 2025, Chainwire The global crypto exchange BYDFi has announced its official sponsorship of the TOKEN2049 conference in Dubai. At this event, BYDFi will showcase its on-chain trading tool, MoonX , marking its second international appearance after its debut at Paris Blockchain Week (PBW) . This move signifies BYDFi’s formal expansion into the Middle Eastern and broader international markets. TOKEN2049 will take place in Dubai from April 30 to May 1, expecting to attract over 15,000 attendees, including 500 industry leaders and 300+ media outlets. BYDFi will be showcasing its latest products and technological advancements at Booth 45. BYDFi Completes CEX + DEX Dual-Engine Strategy, MoonX Continues to Grow As part of its 5th anniversary milestone, BYDFi is expanding its platform capabilities through a dual-engine architecture. This strategy enables BYDFi to maintain the efficiency and depth of centralized exchanges (CEX) while embracing on-chain trading through MoonX, responding to the growing demand for decentralized finance (DeFi) solutions. Currently, MoonX supports over 500,000 MemeCoins and emerging high-potential tokens, covering major blockchains such as Solana, BNB Chain, and others. It integrates smart filtering, smart money copy trading, and other features to provide users with a comprehensive on-chain trading experience. Michael, co-founder of BYDFi, stated, “User trading behavior is evolving. While some still prefer the liquidity and efficiency of CEX platforms, others are migrating to DEX for more control over their assets and the potential for on-chain gains. This is not a replacement of trends, but rather a new normal of coexistence between dual tracks.” He further emphasized, “Leading platforms of the future combine centralized trading performance with decentralized ecosystem connectivity. MoonX is a key step in BYDFi’s CEX + DEX dual-engine strategic upgrade,representing our judgment and investment in the next phase of market structure.” 5th Anniversary Special Activities: Online and Offline Interactive Experiences To celebrate BYDFi’s 5th anniversary, the platform is launching the “ Crypto Adventure Journey” : Online Participation: Register a new account and complete simple tasks to receive a $20 exclusive gift pack and platform trial credits. Participate in perpetual contract trading to share in the $10,000 prize pool. Offline Interaction: Following BYDFi's official X account (@BYDFi_Official), retweet the event post with the hashtag #BYDFiTOKEN2049 to enter the lucky draw and win limited-edition merchandise and platform trial experience. Visiting Booth 45 at the event to experience the on-chain trading product MoonX, participate in interactive tasks, and win Crypto Adventure Gift Packages and mystery gifts. About BYDFi Founded in 2020, BYDFi has grown to serve over 1,000,000 users across 190+ countries and regions. Recognized by Forbes as one of the Top 10 Global Crypto Exchanges, the platform holds multiple MSB licenses, is a member of South Korea’s CodeVASP alliance, and advances the transparency and professionalism of its operations. BYDFi is committed to providing a world-class crypto trading experience for every user. BUIDL Your Dream Finance. Website: https://www.bydfi.com Support Email: cs@bydfi.com Business Partnerships: bd@bydfi.com Media Inquiries: media@bydfi.com Twitter( X ) | LinkedIn | Facebook | Telegram | YouTube ContactSenior Marketing DirectorChloeBYDFi Fintech LTDchloe@bydfi.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
With Bitcoin potentially poised to rise higher, many of the altcoins are turning a corner and are also starting to rally. Outside of the top 50 cryptocurrencies by market capitalization, $SONIC, $BONK, and $INJ are among the top movers on Monday. $SONIC primed to surge higher Source: TradingView $SONIC (formerly FTM) looks to have found a bottom, and the price action is now congregating below the $0.26 horizontal resistance level. If this resistance can be overcome, the measured move of a W pattern would take the price up to $0.29, and from here a higher high could be made above $0.298. Going forward, the most important level to break is the next local high at $0.37. There is very thin resistance after this level, and the price could surge from there. $BONK runs into major resistance Source: TradingView Up more than 11% on the day so far, $BONK has outstripped the memecoins, and is doing the same against most altcoins. However, the price has now entered some strong resistance territory and a rejection could be forthcoming. Not only do the bulls need to get above the horizontal resistance at $0.000021, but also the rising trendline. If these first barriers are surpassed, the next major horizontal resistance is at $0.000025. Achieving the swing high at $0.000040 would mean that the $BONK bull market would be very much a going concern again. $INJ still to make a higher high Source: TradingView Up more than 5% on the day so far, $INJ has pushed through the descending trendline, but bulls are still looking to make the first higher high. All being well, this could take place later today. Targets for the potential upside for $INJ are in the chart above in the form of the Fibonacci levels. If all of these levels can be surpassed, the swing high is the ultimate target at $35.20. A major reversal taking place before this level could be reached would mean a failed rally, and a possible descent into a bear market. The stakes are high for $INJ, SONIC, and $BONK. Full advantage of this current rally must be taken. Otherwise, not all of these altcoins may emerge from the next bear market. Extreme caution should be employed by all holders. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The Stacks Asia DLT Foundation is set to revolutionize Bitcoin adoption in the Middle East through its collaboration with the Abu Dhabi Global Market. This strategic partnership aims to enhance
"Major" U.S. dollar warnings are priming bitcoin for a “geopolitical fragmentation megaforce" shock...
Ethereum's mainnet has been painfully slow and expensive compared to layer-2 networks. However, this may be about to change with the EIP-9698 – a new Ethereum Improvement Proposal put forward by the Ethereum Foundation researcher Dankrad Feist. The initiative suggests a four-year, deterministic plan to scale Ethereum’s the base layer by increasing the gas limit 100 times – from 36 million to 3.6 billion. If implemented, it’d potentially boost throughput from today’s ~20 TPS to around 2,000 TPS. Feist has shared the draft on Github , explaining the motivation behind the initiative. “The current gas limit mechanism relies on miner/operator voting, which lacks coordination and predictability. While flexible, this approach can lead to stagnation or overly cautious increases. By introducing a predictable exponential growth pattern as a client default, this EIP encourages a sustainable and transparent gas limit trajectory, aligned with expected advancements in hardware and protocol efficiency,” the paper reads. The EIP-9698 presumes rolling out two tenfold increases every approximately 164,250 epochs, roughly equalling two years. Feist acknowledges that rapid gas limit expansion may stress under-optimized nodes and increase block propagation times. Nevertheless, he argues that the gradual, epoch-by-epoch schedule gives node operators and infrastructure teams enough time to upgrade their hardware and software. The improvement is highly anticipated. Currently, Ethereum processes roughly 20 transactions per second (TPS) during simple-transaction periods – far below rival high-throughput chains, such as Solana, which averages 800–1,050 TPS. Since its London hard fork in August 2021, Ethereum’s gas limit doubled from 15 million to 30 million, and validators approved a rise to 36 million as recently as February 2025. Still, even with layer-2 rollups, pressure on the base layer remains high during network congestion. If approved, EIP-9698 would mark Ethereum’s first major base-layer scaling effort since London. Meanwhile, developers are advancing EIP-9678 (a four-fold gas limit lift for the Fusaka hard fork, late 2025) and preparing Pectra (May 2025) for other protocol enhancements. Together, these initiatives could reshape Ethereum’s capacity, balancing on-chain throughput with node decentralization.
Grayscale’s Bitcoin Trust (GBTC) leads annual revenue among Bitcoin ETFs, generating $268M despite a significant decline in its assets under management. Despite recording a staggering 70% drop in AUM since