The Stellar Development Foundation transferred 72.0M XLM (11.7 triệu USD) from its in-app distribution wallet to its direct development account on Stellar. The transfer represents 0.224% of XLM’s total market cap and reflects internal fund allocation between SDF-controlled addresses rather than external market activity.
Archives: Fast News
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Solana stablecoin transfers surge to $972B, up 3.2× in one year
Stablecoin transfer volume on the Solana network reached $972 billion over the past year, up from $306 billion a year prior, representing a 3.2× increase. The surge reflects growing adoption of the Solana ecosystem for stablecoin transactions, suggesting increased usage for payments, trading, and settlement activity on the network.
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Bullish exchange surpasses Coinbase to rank third in spot trading volume
Bullish, an institutional-focused exchange, reported spot trading volume of 76 billion USD in February, representing a 62% increase from the previous period. The surge propelled Bullish past Coinbase in monthly spot trading rankings, establishing it as the third-largest exchange by this metric.
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Revolut secures banking license in the UK and plans new services
Revolut announced that it has secured a UK banking license, enabling the launch of Revolut Bank UK which will offer deposit accounts.
Deposits up to 120,000 GBP will be safeguarded by the Financial Services Compensation Scheme (FSCS), similar to US FDIC insurance.
The company is also pursuing a federal banking charter in the US and aims to expand its services, reflecting a growing trend of fintech merging with traditional banking.
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Social media trending: mindlabmar9, automation topics dominate discussions
Crypto social media sentiment tracking shows mindlabmar9 leading trending narratives with a score of 1532.6, followed by automation-related discussions including automating (1527.0) and optimizing (1517.7). General processes discussion (1512.4) rounds out the top trending terms. Secondary trends include CPI discussion (451.8), tgtalks (358.7), and IEA-related content (243.4).
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93.6M USDT transferred to OKX on Tron
An unknown wallet transferred 93.6M USDT ($93.7M) to OKX on the Tron blockchain. The inflow to the exchange represents 0.051% of USDT’s total market cap and may signal potential selling pressure.
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Is Bitcoin heading to $78k? Professional traders say there’s less than a 17% chance of a breakout
With Bitcoin priced at 70,490 USD, traders are skeptical about its ability to reach 78,000 USD. Despite recent ETF inflows totaling 414 million USD, professional traders estimate only a 17% chance of a breakout, attributed to geopolitical tensions and disappointing U.S. Labor data.
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Mike McGlone maintains bearish stance on Bitcoin, forecasting a drop below 10,000 USD
Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasizes his bearish stance on Bitcoin, anticipating a decline to below 10,000 USD. In contrast, some analysts expect BTC to fluctuate between 60,000 USD and 70,000 USD, with brief surges towards 80,000 USD seen as temporary.