In Brief Bitcoin experiences a significant surge in outflows from centralized exchanges, totaling $540 million. This trend coincides with a rapid accumulation among whale addresses, showing bullish potential. These on-chain metrics have further bolstered the bullish sentiment pervading the market presently. Bitcoin is experiencing a surge in outflows from centralized crypto exchanges, hitting its…
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In Brief Crypto whale 0x7a9 acquires $185.5 million in Ethereum over three days, signaling strong market confidence. Analysts express bullish outlook on Ethereum, citing strategic acquisitions and potential for significant growth. Upcoming Ethereum upgrades and potential spot ETF approval may serve as catalysts for further price increases. A prominent crypto whale buys Ethereum (ETH) worth millions getting…
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In Brief Ethereum’s Dencun upgrade is set to significantly improve blockchain efficiency and scalability, with a launch date of March 13. Transaction fees on Ethereum’s Layer 2 solutions are expected to decrease by at least 10 times, enhancing cost-effectiveness. Analyst Wolf predicts a potential 500% bull run for Ethereum, pushing its price towards $14,000, following…
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In Brief Over 200 million XRP tokens were stolen from Ripple’s co-founder and sold across exchanges, leading to a significant sell-off. Kaiko’s analysis showed a net sell-off of nearly 100 million XRP, mainly on Binance and OKX, after the cybersecurity breach. Ripple’s challenges compounded with the SEC’s legal victory demanding financial disclosures, potentially affecting XRP’s…
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In a nutshell the transfer of $341 million worth of Chainlink’s LINK tokens to Binance and a multi-sig wallet raised concerns among market observers. Since August 2022, designated wallets have consistently transferred 106 million LINK to Binance at an average price of $9, according to SpotOnChain. According to Godleak’s pricing data, LINK’s value has increased…
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