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Ripple has prepared its treasury account for a significant monthly XRP selling activity. The company has reserved 300 million XRP tokens worth $145.50 million for its sell-off in July. Every month, Ripple, the largest XRP holder and entity behind the XRP Ledger development, sells part of its reserves, inflating the circulating supply. As usual, the company unlocked 1 billion XRP, worth $485 million , on July 1. This happened through the XRP Ledger escrow system from two labeled accounts: ‘Ripple (24)‘ and ‘Ripple (25).’ Picks for you Buckle up: Bitcoin triggers major signal to the downside 2 hours ago Chromia’s MVP mainnet to launch on July 16 2 hours ago ...

Ripple sold $52 million worth of 100 million XRP tokens from this month’s sell-off reserves on April 24. This dump marks the end of April’s tokens unlock, and the company prepares for May’s 1 billion XRP release. On April 1, Ripple released 1 billion of its tokens from the initial distribution, locked in monthly escrows until 2027. The company then sent 200 million XRP to its treasury account and locked the remaining 800 million in new escrows. Notably, Ripple sold the first half on April 14 amid geopolitical tensions with an escalation of the Iran-Israel conflict. This was the longest waiting period recently observed for Ripple’s monthly sell-offs, which concluded on April 24. Picks for you Bitcoin set for most aggressive price movement, targets $300k 30 mins ago Is a market turnaround near? Whale scoops up 4,380 BTC in a month 38 mins ago 3 cryptocurrencies under $1 to buy next week 40 mins ago This is how much Ted Cruz is up o...

Arbitrum (ARB), one of the most popular second layers for Ethereum (ETH), threatens a significant sell-off this week. The protocol will unlock over $100 million in tokens in the next few hours of press time, on April 16.  Notably, Arbitrum’s contracts will unlock 92.65 million ARB for the team behind the project and the early investors. The former, composed of “Team, Future Team, and Advisors” will receive 56.13 million tokens worth $63.98 million. Meanwhile, “Investors” will have 36.52 million ARB unlocked, at a $41.63 valuation. Picks for you Profit and planet: Best climate change investments 49 mins ago US economist warns Bitcoin is in ‘stealth bear market’ 53 mins ago 2 meme coins to reach $25 billion market cap in 2024 19 hours ago VALR crypto exchange receives regulatory license as a CASP in South Africa 21 hours ago Overall, this is a relevant amount of ARB entering the circulating supply for a likely sell-of...

Bitcoin price shot to a new all-time high above $71k on Monday, reaching $71,700 on Coinbase. The Bitcoin Dogs presale has raised nearly $9.8 million in just 25 days. The NFT and game project’s ICO on Bitcoin ends on March 15 and investors are excited for the opportunity that could arise as BTC soars. Bitcoin has broken above $71,000 to set a historic all-time high. At the time of writing, BTC had spiked to a new ATH of $71,700. In other exciting Crypto news, the first-ever ICO on Bitcoin closes this week as Bitcoin Dogs (0DOG) concludes its presale. Bitcoin Dogs raises $9.8 million as BTC spikes past $71k Bitcoin is the biggest news in the market today. The benchmark cryptocurrency’s surge to a new all-time high above $71,700 has investors in buoyant mood for what’s possible in coming months. Analysts are now saying the bellwether crypto could target further heights before a pre-halving pullback. A potential breakout post the April hal...

As U.S. elections gear up, crypto businesses funnel funds into a political action committee, backing crypto -friendly candidates. Crypto exchange Coinbase, venture firms Andreessen Horowitz (a16z) and Electric Capital, as well as fintech company Ripple, have collectively contributed tens of million s of dollars to the Fairshake political action committee (PAC) in a bid to exert influence on U.S. policymakers and support crypto -friendly candidates, Bloomberg reports. According to statements from Josh Vlasto, a spokesperson for the PAC, Coinbase’s chief executive officer, Brian Armstrong, has personally donated $1 million to Fairshake, while Coinbase as a company has injected an additional $24.5 million into the lobbying group. Bloomberg’s report indicates that Armstrong and Coinbase together account for approximately one-third of the total $85 million raised by the PAC thus far. But the U.S.-based crypto exchange is not alone in its efforts to support crypto-loyal candi...

Market drawdowns are part and parcel of the bull market, and investors want to use these opportunities to spot frontrunners. Demand is waiting for dips if markets are dumping and tokens are performing well. These become the fastest movers in bullish conditions. Bidding strong altcoins today unlocks better gains tomorrow. Then what crypto can you buy today? Realistically, investors are spoilt for choice with dozens of solid altcoins , but Chainlink (LINK) and Galaxy Fox ($GFOX) are especially notable. LINK pumps as market dumps , and the GFOX presale smashes the $3 million mark. Chainlink (LINK) pumping as market dumps  Chainlink is a blockchain abstraction layer that powers nearly all of DeFi with its Oracle services. This network feeds external data into smart contracts, and LINK is the top crypto to buy for investors interested in pick-and-shovel plays. While the market dumps, Chainlink has been pumping, and investors want exposure to the interopera...

The market for options related to Ethereum (ETH) saw a significant increase in the trading of call options, with over 140,000 contracts traded on Oct. 30. These numbers indicate bullish sentiment among prominent investors. Bullish sentiment among investors According to the Oct. 30 post from Greeks Live, the solution provider for crypto options traders, the majority of these transactions involved active buying of monthly options in the 1650/1700/1800 range set to expire on Nov. 24. The ETH options market saw huge volumes of call block today, with over 140,000 traded with a notional value of over $250 million . Most was active buying of monthly options at the 1650/1700/1800-24Nov. Such large-scale active buying of ITM options is certain to be a stop-loss… pic.twitter.com/RAkQlBVtQ0 — Greeks.live (@GreeksLive) October 30, 2023 The post goes on to state that put sells have increased 6.28 percent and put buys have increased 6.11 percent, at the same time that call sells ha...

Shiba Inu (SHIB) exchange volume increased by 90% to $267 million in the last 24 hours during this week’s crypto bull run. Shiba Inu’s on-chain activity also surged with cryptocurrency wallet addresses moving over $50 million in SHIB in the same period. Notably, this rally added up close to $300 million in SHIB’s market cap from October 23 to October 24 at the time of publication. The increased volume accounts for 89% of the capitalization growth, evidencing a bullish trend and a ‘fear of missing out’ (FOMO) dominating sentiment. As for the on-chain activity, Finbold filtered whale alerts for SHIB transactions moving over $500,000 on the SpotOnChain platform. Interestingly, these whale s moved $48.553 million in Shiba Inu tokens in a day-over-day time frame, with over 6.40 trillion SHIB being transacted in 15 spotted transactions. Among the whale s, we could identify Binance, Kucoin, Wintermute Trading, Robinhood, BTC Turk, and a few unknown addresses. SHIB whales trans...

Mark Scott, a lawyer jailed for 20 years for laundering $400 million from the OneCoin fraud, was denied a new trial even after it was confirmed that a key government witness had lied during his trial. In denying the motion at a Sept. 18 hearing, District Judge Edgardo Ramos said he was unconvinced that “an innocent person may have been convicted.” Lawyers for Scott said they would appeal the ruling. They said they were “disappointed that the court did not grant a new trial given the undisputed evidence that the government’s sole cooperating witness perjured himself.” A key prosecution witness in Scott’s case was Konstantin Ignatov, brother of “crypto queen“ Ruja Ignatova, the mastermind behind the $4 billion OneCoin scam. Ignatov has admitted that he lied on the witness stand and that he helped his sister commit the fraud. Scott, 54, was convicted in November 2019 of helping to launder money and commit bank fraud. Prosecutors said he ...