On-chain data from Crypto Quant shows sharp declines in XRP deposits and withdrawals across major trading platforms, suggesting reduced exchange participation. The quarterly low in transaction activity indicates that trading volume around XRP may be entering a quieter phase as investors hold positions rather than actively moving tokens between exchanges.
Archives: Fast News
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Meme coin coverage surges with 3x increase in news articles
News coverage of meme coins has intensified over the past 24 hours, with 3 articles published compared to 1 in the previous 24-hour period. The spike in reporting reflects increased attention on developments related to Elon Musk’s X Money platform and Dogecoin activity. Coverage includes updates on X Money’s public launch timeline and Dogecoin’s market movement.
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A new wallet transferred 2,000 BTC from Coinbase to a Coinbase Prime address
A newly created wallet withdrew 2,000 BTC (approximately 140 million USD) from Coinbase, monitored by Lookonchain. This transaction took place 24 minutes ago, with the funds quickly moved to a Coinbase Prime address.
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Vitalik Buterin urges Gitcoin grants to adapt its deep funding model for chaotic times
Vitalik Buterin supports the Gitcoin Grants funding model but insists it must adapt to chaotic times. He highlights its meritocratic benefits and AI use, pointing out that it still retains characteristics suited to a stable era. Recommendations include refining to better align with contemporary conditions.
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Bitcoin traders position for potential move toward $80,000
Bitcoin traders are positioning for a potential rally above $80,000 as market sentiment shifts. BTC is currently trading around $70,089, leaving room for upside movement. The positioning reflects trader expectations for continued momentum, though the path to higher levels depends on broader market conditions and macroeconomic factors.
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XRP Ledger transactions surge to 2.7M daily as token holds steady
XRP Ledger daily transactions have jumped to 2.7 million, marking a significant surge in network activity. The XRP token continues to trade in a narrow price range near $1.39, with transaction growth outpacing recent price volatility.
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Baidu AI Cloud introduces DuClaw, a zero-deployment service
Baidu AI Cloud has introduced DuClaw, a service that eliminates user deployment challenges, allowing direct access via web browsers without technical jargon.
The service will soon support popular platforms like WeChat Work and DingTalk for enhanced accessibility.
DuClaw incorporates several well-known Baidu functionalities, including Search and Academic Search, while supporting various advanced models for user convenience.
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X Money payment app launches in April with 6% yield feature
Elon Musk announced that X Money, a payments application built into X, will launch in April. The app will offer 6% yield on account balances and enable peer-to-peer transfers directly on the platform, positioning itself as a competitor to existing stablecoin-based financial products. The announcement generated market interest, though no cryptocurrency functionality was disclosed for the service.
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Crypto is finance with new infrastructure, says Australia’s ASIC fintech chief
Australia’s financial regulator ASIC argues that cryptocurrency does not require entirely new regulatory frameworks, comparing blockchain technology to previous shifts in financial infrastructure. The regulator’s fintech chief noted that when financial systems moved from paper-based to electronic records, new regulations were not needed because the underlying principles remained the same. This perspective suggests that existing financial regulations can adapt to blockchain technology without requiring a complete overhaul of the regulatory framework.
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Babylon Protocol TVL declines 15.7% to $2.9B
Babylon Protocol’s total value locked has fallen 15.7% over the past 24 hours, dropping to $2.9B. The decline marks a significant pullback for the protocol, which focuses on Bitcoin staking and restaking solutions on blockchain networks.