According to the esteemed CoinGlass, XRP’s spot trading volume on Upbit has reached an unprecedented $269.22 million, eclipsing even the mighty Binance, which recorded a mere $226.76 million. But what is most striking, dear reader, is that Binance’s trading volume is composed of outflows, whereas Upbit’s is a veritable tidal wave of inflows. 🌟
This news comes hot on the heels of the Official Trump memecoin team deciding to bridge $TRUMP into the Tron blockchain through the LayerZero chain. According to Sun, this $100 million investment in TRUMP memecoin shows Tron’s dedication to partnering with lively crypto communities.
According to aggregate data from CoinMarketCap, Bitcoin’s market cap rallied above $2.2 trillion and its daily average traded volume rose 23.7 percent to hover around $53.7 billion on Wednesday, during the mid-North American trading session. Consequently, BTC is now the fifth most valuable asset after surpassing Alphabet (Google), which has a market cap of about $2.15 trillion. 📈🏆
Both have seen their fair share of ups and downs over the last 24 hours, but the real drama lies in their on-chain activity. It’s a spectacle that’s worth a closer look, folks. 🕵️♂️
Such numbers! Does the heart not quiver at the very thought—a 44% leap in paper wealth since last year’s secondary share soiree, when the poor saps only had a $45 billion price tag? Somewhere, a mathematician is questioning his life choices.
The excitement began when the Fed’s June FOMC minutes were released, revealing that most policymakers are in favor of at least one rate cut in 2025. Some even suggested it could happen as early as the next meeting on July 30. 📅
On July 9th, the data tracker spotted a major crypto transfer involving a massive 85,000 ETH being moved between a DeFi platform and a major cryptocurrency exchange, Binance. The transfer, which happened around the mid-hours of Wednesday when the market was seeing a major uptick in the prices of cryptocurrencies, was worth over $226.3 million, as ETH was trading at $2,662.83 at the time. Notably, the network fee was charged at a mere 0.000533 ETH despite the large volume of the transaction.
The Internet Computer [ICP] price prediction has become a veritable ballet of speculation, as the token pirouettes within a tight range, maintaining a prolonged and somewhat tedious sideways momentum. 🎭
The $PUMP ICO offering will involve a staggering 33% of the maximum supply of 1 trillion tokens. Out of this, 18% shall be allocated to private institutional buyers, while the remaining 15% shall be bestowed upon the public investors. Each $PUMP token shall be sold for a measly $0.004, thus raising a whopping $1.32 billion. 💰
It’s like the coin said, “Hold my beer, I’m about to break my own record!” and surpassed its previous all-time high of $112,000, which was achieved in March. 🏆
