Bitcoin Whales Move 27,019 BTC in Crypto Rally – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, Tron, Cardano
From a series of big crypto whale movements to an approaching milestone for Litecoin, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
Bitcoin whales are moving millions in BTC as the leading cryptocurrency moves closer to $9,000. In the last 24 hours, whales moved 27,029 BTC worth $236 million in nine separate transfers.
One massive Bitcoin holder in particular moved 15,000 BTC worth more than $119 million in a single transfer from one unknown wallet to another.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 15,000 #BTC (119,609,806 USD) transferred from unknown wallet to unknown wallet
— Whale Alert (@whale_alert) May 26, 2019
Here’s an overview of the biggest BTC movements in the last day. Only one of the recent transfers involved Bitcoin moving onto an exchange, which indicates the crypto trader may be looking to sell as many as 1,500 BTC amid the market rally.
- 15,000 BTC worth $119 million transferred from unknown wallet to unknown wallet
- 1,500 BTC worth $13.0 million transferred from unknown wallet to Bitfinex
- 709 BTC worth $5.6 million transferred from Bitstamp to unknown wallet
- 1,198 BTC worth $9.5 million transferred from bitFlyer to unknown wallet
- 1,988 BTC worth $15.8 million transferred from bitFlyer to unknown wallet
- 1,099 BTC worth $8.7 million transferred from bitFlyer to unknown wallet
- 800 BTC worth $6.3 million transferred from bitFlyer to unknown wallet
- 1,011 BTC worth $8.0 million transferred from bitFlyer to unknown wallet
- 3,724 BTC worth $29.6 million transferred from bitFlyer to unknown wallet
At time of publishing, Bitcoin is up 9.45% at $8,752 according to CoinMarketCap.
Ethereum
Grayscale Investments LLC is opening up its Ethereum Trust to retail traders now that FINRA has approved the creation of a secondary market.
The firm reports having $11.7 million in assets in the Ethereum Trust, which was previously held by accredited and institutional investors only through private purchases of ETH worth a minimum of $25,000.
Our team continues to bring new opportunities for investors to gain exposure to digital currencies. We’re pleased to share that Grayscale Ethereum Trust received FINRA approval for a public quotation on @OTCMarkets under symbol: $ETHE* https://t.co/SQPBI8CjrQ (1/2)
— Grayscale (@GrayscaleInvest) May 23, 2019
Ripple and XRP
Crypto enthusiast Hodor has released an in-depth overview of recent developments involving Ripple and XRP.
Time to read the latest XRP news heading into this weekend! I cover it all, including a major announcement by Kava:https://t.co/tRJijOzfu3 @Ripple @bgarlinghouse @haydentiff @JoelKatz @justmoon @nbougalis @XRPLLabs @xrp_co @XRPMedia @Coil @kava_labs @kincaidoneil
— Hodor (@Hodor) May 25, 2019
The highlights include a new XRP-related announcement from Kava, Brad Garlinghouse on the Recode podcast, an upcoming AMA with Stefan Thomas and more.
Litecoin
Litecoin’s hashrate is approaching an all-time high, according to BitInfoCharts. The metric is an important sign that indicates the network is thriving and the number of Litecoin miners is growing.
Stellar
The Stellar Development Foundation held an informal Q&A with co-founder and chief architect of Stellar Jed McCaleb during this year’s Blockchain Week in NYC.
McCaleb touched on topics including his new role as chief architect, Stellar’s major roadblocks, network inflation and feedback on IBM’s World Wire, which was built on the Stellar network.
Tron
Tron founder Justin Sun just dropped another classic pre-announcement announcement on Twitter.
Sun is hinting at new details on Tron’s integration with the file-sharing platform BitTorrent. The full announcement will be on June 1st.
Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTT
— Justin Sun (@justinsuntron) May 26, 2019
Cardano
IOHK has released a look at some of the highlights of its recent summit in Miami. It includes overviews from key figures working within Cardano and IOHK such as founder Charles Hoskinson and senior product manager David Esser.
“The timing of the summit really kind of worked out interesting. We’re just a short time away from having a live test net, where we’ll be showing for the first time Proof- of-Stake decentralized with stake pools and delegation, which isn’t only a big milestone for Cardano, it’s a huge milestone for the industry. This has never been done before.”
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