Crypto News
XRP Records Highest Ever ‘Whale’ Activity as 7-Day Price Gains Near 100%
XRP prices have zoomed 430% in the past 30 days, reaching price levels last seen in 2018 and leaving scores of Crypto Twitter traders surprised with the strength. The rise started in early November after the Republican victory in the U.S. election reignited investor confidence in tokens linked to U.S. companies, including XRP's associated Ripple Labs.Large holders are playing a key role in contributing to the move. CryptoQuant data shows whale activity – which tracks movements from large wallets to and from exchanges – has been consistently elevated since the past month, multiples higher than any other period.Whales can move markets with their buying or selling pressure, and tracking this can indicate their market sentiment.For instance, if the cryptocurrency's inflow...
Binance Expands Futures Copy Trading with New USDⓈ-M Contracts
Binance introduces new USDⓈ-M perpetual contracts to its Futures Copy Trading platform, enhancing trading opportunities for users seeking to replicate top traders' strategies. (Read More)Source link
Ethena Partners with Onchain Derivatives Protocol Derive, Secures 5% OF DRV Token Supply for sENA Holders
DeFi protocol Ethena announced Tuesday a new partnership with Derive.xyz, the world's leading on-chain options and structured products platform, featuring a multi-million dollar investment to enhance liquidity and drive growth for both protocols.Under the partnership, Ethena will integrate Derive's basis trading, options, futures and vaults, leveraging Ethena's USDe stablecoin and staked USDE to boost liquidity and trading volume, the press release shared with CoinDesk said. Ethena will begin its basis trading on Derive’s perpetual markets, pending approval from the Ethena Risk Council. That's expected to boost volumes and liquidity on Derive, bolstering Derive users' ability to execute large orders at stable prices.In conjunction with this, the Lyra Foundation, which oversees the Derive protocol, will receive a multi-million dollar grant from...
Indian Expert Questions Legality of US Sanctions on BRICS Over Dollar Exit
Duvvuri Subbarao, former Governor of the Reserve Bank of India, cast doubt on Donald Trump’s proposal to impose 100% tariffs on BRICS nations if they abandon the dollar, calling it legally and practically uncertain. He questioned whether U.S. laws allow sanctions based solely on shifting away from the dollar or how such actions would beSource link
Tokenized Securities Exchange 21X Wins Approval from Germany’s BaFin
21X, a Frankfurt-based company building a blockchain-based exchange to list and trade tokenized securities, has received approval to go live from Germany's financial supervisory authority, BaFin.The 21X exchange, which runs on the scalable Polygon chain, plans to launch its exchange for tokenized financial instruments from its Frankfurt headquarters in the first quarter of 2025, the company said on Tuesday.The plan is to trade tokenized equity, debt securities, funds, as well as more exotic real-world assets (RWAs) such as real estate or artworks that qualify as eligible financial instruments.Tokenization has become popular among traditional finance firms, with the likes of asset manager BlackRock now driving the trend. From a regulatory perspective, Europe is on the verge of welcoming a new regime...