Crypto News
XRP Hits 12-Year Milestone With Over 2,700 Whales, Holding Over 1M XRP, Onchain Data Show
The number of whale wallets holding large amounts of XRP XRP has increased to a record high in a sign of confidence in the cryptocurrency's price prospects. "There are now over 2,700 whale & shark wallets holding at least 1M XRP for the first time in the asset's 12 plus year history," blockchain analytics firm Santiment said on X.Additionally, the amount of active XRP addresses has averaged over 295,000 per day over the past week, significantly higher than the average of 35,000-40,000 over the past three months.XRP is the payments-focused cryptocurrency used by the fintech company Ripple to facilitate cross-border transactions. As of writing, the cryptocurrency traded flat around $2.23, representing a 7% gain for the year, CoinDesk data show.Source...
Davis Commodities Bets on Bitcoin in $30 Million Digital Assets Strategy
Davis Commodities is pivoting into digital finance with a $30 million initiative, blending bitcoin reserves and real-world asset tokenization to modernize the global agricultural trading industry. Agricultural Giant Davis Commodities Unveils Digital Finance Push With $30 Million Bitcoin and Tokenization Strategy Davis Commodities Limited (Nasdaq: DTCK), a Singapore-based leader in agricultural commodities trading, has announcedSource link
SBF Portrayed in Sold-Out Prison Musical With Luigi Mangione, ‘Diddy’ as Inmates
SBF joins Luigi Mangione and Sean 'Diddy' Combs in a provocative dark comedy exploring America's fascination with fallen icons.Source link
Deribit Sees Strong Demand From Institutions, Volume on Its Block RFQ Tool Reaches $23B in Four...
The institutionalization of cryptocurrencies is accelerating rapidly.Crypto derivatives exchange Deribit's on-demand liquidity tool, the Deribit Block Request-for-Quote (RFQ) interface, has registered a cumulative trading volume of over $23 billion in less than four months since its debut in early March.Deribit is a prominent derivatives exchange, offering the world's largest options market for traders of bitcoin BTC, ether ETH, Solana SOL, and XRP XRP. It also offers futures and spot trading.The exchange introduced the block RFQ system in March, where participants (takers), typically institutions and high-volume traders, request pricing for a structure – a single instrument trade or a multi-legged strategy involving spot, futures, or options. A block trade is a large transaction.Market makers, entities tasked with providing liquidity, then respond...
Pump.fun and Other Memecoin Accounts Suspended From X in Apparent Crackdown
Social media giant X suspended Pump.fun’s official account and co-founder Alon Cohen’s personal handle on June 16, alongside other memecoin-related platforms including GMGN, Bloom Trading, BullX, ElizaOS, and more earlier on Tuesday.The platform issued no reason, triggering speculation about internal policy enforcement or wider regulatory intervention, but sparked grapevine talk in crypto circles of a possible legal crackdown on such products.Pump.fun’s website remains live as of Asian morning hours Tuesday, continuing to churn out Solana memecoins uninterrupted. Theories range from unauthorized livestream or API abuse, pump-and-dump mechanics, or early-stage SEC activity. So far, none of these theories have been confirmed by platform officials or regulators.Last November, concerns over unsafe livestream content, ranging from threats of violence to explicit stunts, forced the...