The Ethereum (ETH) market has witnessed a new movement from one of the "whales". According to blockchain tracking data, this whale, referred to as "ETH Millionaire", first executed a profit-taking transaction, selling 30,000 Ether at a high price of $4,202 per unit. This deal secured a massive net profit exceeding $35.4 million.
In a subsequent move, the whale returned and made a huge purchase. They bought 18,000 Ether again, with a total purchase value of $63.65 million.
This type of large-scale repurchase after a decline is a classic indicator of a "buy the dip" strategy.
SoFi is the first American bank to launch a platform for trading Bitcoin and cryptocurrencies
SoFi Bank has become the first licensed bank in the United States to launch a cryptocurrency trading platform called SoFi Crypto, which allows access to Bitcoin, Ethereum, and Solana.
The bank aims to empower customers to buy, sell, and hold dozens of cryptocurrencies, in addition to savings and lending accounts and investments.
The crypto feature will be rolled out in phases and will be available to all users in the coming weeks, according to the company.
This move follows a shift in SoFi's strategy after the company temporarily halted cryptocurrency asset services in 2023 while seeking a banking license. At that time, cryptocurrencies faced stricter regulatory scrutiny under the Biden administration.
🔴 Bitcoin falls below $100,000 for the first time in over four months, as cryptocurrency investors pull back from high-risk assets amid growing concerns about the sustainability of stock valuations that have driven them to significant highs due to trading in AI stocks.
📉 Bitcoin price fell toward the lowest trading range in October amid a decline in risk appetite
- The cryptocurrency dropped more than 4% during the day to below $107,000 before reducing some of its losses, while Ethereum lost about 5% of its value.
- The decline came as a result of the concerns that gripped the markets following the hawkish tone of Federal Reserve Chair Jerome Powell, which overshadowed the positive outcomes of the meeting between Trump and Xi Jinping.
Record rise.. "Bitcoin" breaks the barrier of 125 thousand dollars for the first time in its history #BinanceHODLer2Z #Token2049Singapore $BTC $ETH $BNB
XRP Price Predictions: XRP price stability against the US dollar at the support level of $3.12, with expectations of breaking through $5 due to exchange-traded fund catalysts.
The rise in the price of Bitcoin Thanks to ETF inflows of $757 million, inflation data, and signals of the super bullish cycle $BTC $ETH $BNB #MarketRebound #AITokensRally
The U.S. Securities and Exchange Commission (SEC) for the first time, through its chairman Paul Atkins, allows crypto companies to develop Super – Apps. What are these applications and what do they offer to crypto users?
The US dollar loses its status as a reserve currency: How will Bitcoin be affected?
What does this mean for Bitcoin and cryptocurrencies? The decline of the dollar as a global reserve currency has implications for Bitcoin and the broader cryptocurrency market. As confidence in fiat currencies erodes and gold returns as the preferred reserve for nation-states, 'digital gold' is likely to emerge as a more practical and modern alternative.
With the pace of Bitcoin adoption accelerating amidst the dollar's decline and ongoing inflation, cryptocurrencies are now widely viewed as a hedge against currency devaluation, especially in countries facing economic instability.
Founded in 2013 in Boston, USA, Circle is a financial technology company focused on using blockchain technology for payments and other financial services.
The company's main products
USDC (USD Coin): The company's most famous product is USDC, a stablecoin designed to maintain a stable value against the US dollar (1 USDC = 1 US Dollar).
- Deputy Governor Sarah Breeden reveals that these coins could be the solution to expedite and settle cross-border transfers at a lower cost, while enhancing cryptocurrency trading.
- The Bank of England is nearing the launch of its regulatory plans, inspired by international experiences to prepare the ground for a "multicurrency" world. $BTC $ETH $BNB #TrumpFamilyCrypto #BinanceHODLerLA
Everyone is watching the stock market regarding the interest rate cut. There is a division of opinions among Federal members regarding the interest rate reduction. This has a significant impact on the global stock market. $BTC $ETH $BNB #DELABSBinanceTGE #ListedCompaniesAltcoinTreasury #TrumpTariffs
4 Expert Predictions for Bitcoin Prices to Know This Week 1_ Bitcoin Price Prediction: CryptoQuant rejected claims that the recent drop in Bitcoin's price represents the peak of the market cycle. 2_ Bitcoin could reach $150,000 once two major holders of the currency stop the selling frenzy, according to David Bailey. 3_ Bitcoin is trading within an ascending wedge pattern, indicating growing market momentum, according to technical analyst Merlin Trader. 4_ Previous Bitcoin cycles suggest that previous Bitcoin cycles are trending towards a cycle peak of $200,000. $BTC $ETH $SOL #ListedCompaniesAltcoinTreasury #USNonFarmPayrollReport #SaylorBTCPurchase