Top Crypto Token Price For Today, Feb 25

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Ethereum Price Struggles After Metalpha’s $90M ETH Sale

Ethereum (ETH) price today trades at $2,356, up 0.72% on the day. However, Thursday could be a down day as Metalpha sold 6,999 ETH worth $16 million, on-chain data shows. Metalpha Sells ETH, Cripples Ethereum Price Rally Metalpha, a Hong Kong-based crypto management company, has offloaded another nearly 7,000 ETH worth $16 million. This is the third consecutive day that the Metalpha sold ETH . Metalpha deposited 6,999 $ETH ($16.4M) to #Binance again 1 hour ago. #Metalpha has deposited a total of 62,588 $ETH ($145.1M) to #Binance in the past 6 days and currently holds 23.5K $ETH ($55M). https://t.co/3hqVXQvHlu pic.twitter.com/3zVS4Irbmq — Lookonchain (@lookonchain) September 12, 2024 This sale has reduced the crypto giant’s holdings to 1.9K ETH worth $4.50 million, according to data from Arkham , an on-chain analytics platform. Metalpha Portfolio Here are some of the notable sales from Metalpha: September 10 – 10K ETH worth $23 million September 11 – 22K ETH wort

BinanceUS Teams Fireblocks to Strengthen Asset Security

BinanceUS, the American division of the world’s largest cryptocurrency exchange, has teamed up with the digital asset custody company Fireblocks. This partnership is intended to boost user and regulatory confidence by ensuring the secure handling of customer assets through advanced wallet technologies for both storage and transactions. Fireblocks will also enhance the staking services offered by Binance.US, which boasts a robust selection of tokens available for staking, notable for a US-based exchange. Binance.US Partners with Fireblocks to Enhance Security Founded in 2019, BinanceUS has come under intense regulatory scrutiny, particularly following a major enforcement action against its parent company Binance, and its founder, Changpeng Zhao, over alleged violations of securities laws. Earlier this year, BinanceUS secured a partial victory against the US SEC regarding transparency, particularly regarding its practices around the custody and control of customer ass

Metaplanet Doubles Down On Bitcoin, Institutional Demand To Push BTC Higher?

Japanese-based company Metaplanet has announced plans to acquire more Bitcoin (BTC) amid the recent market sentiment. The company informed members of the 11th series of stock acquisition rights by the management. This comes on the heels of speculations on Bitcoin price in the coming weeks as investors set sights on macroeconomic factors. Metaplanet To Buy More Bitcoin Metaplanet has disclosed plans to buy more Bitcoin adding to its growth portfolio. In a Sept 9 company disclosure, the firm announced the 11th series of stock acquisition rights by its management with associated guidelines and delivery details. Per the release, the delivery date comes after Sept 18 when shares will be issued to the general investors. “ The company also announces the full amount of the exercise price corresponding to the number of warrants exercised has been received by today. The funds received will be used to purchase Bitcoin. The exercisers and the number and amounts of exercised warrants are a

Just-In: Binance Labs Reveals OpenEden Investment To Revolutionize RWA Tokenization

Binance Labs, the venture capital arm of crypto exchange Binance, has announced its investment in OpenEden. It is a platform specializing in the tokenization of real-world assets (RWAs). Moreover, OpenEden’s goal is to bridge the gap between traditional finance and decentralized finance (DeFi) by bringing real-world yields onto blockchain platforms. Binance Labs Investment In OpenEden For further context, OpenEden operates through two main entities. These include a fund management company licensed by the Monetary Authority of Singapore (MAS) and a technology company that provides a full-stack tokenization infrastructure. It launched the tokenized U.S. Treasury Bill (T-Bill) Fund, branded as “TBILL.” The fund recently became the first and only tokenized T-Bill product to receive an “A” rating from the financial rating agency Moody’s. Moreover, the it’s worth noting TBILL is the largest tokenized T-Bill outside the United States. The company’s mission is to bring trillions of dollars

China’s Digital Yuan Surpasses $1 Trillion In Transactions, Eclipses USDC & USDT

China’s Digital Yuan has shown remarkable growth, with transaction volumes surpassing $1 trillion, outpacing the combined activity of stablecoins USDC and USDT. This significant milestone comes after more than ten years of development and four years of rigorous pilot testing across 17 regions, as detailed by Lu Lei, the Deputy Governor of the People’s Bank of China (PBOC). The Chinese central bank’s digital currency (CBDC) initiative is also expanding internationally, with several cross-border digital currency projects underway to improve global payment systems. China’s Digital Yuan Exceeds $1 Trillion, Beats USDC & USDT A Chinese media Caixin Global recently reported that China’s digital Yuan surpassed $1 trillion, and last week, the State Council Information Office of China organized a series of press conferences aimed at discussing the nation’s commitment to high-quality development. During these conferences, Lu Lei provided updates on the digital yuan’s ad

Dogecoin Price to Hit 160-Day Barrier After Elon Musk’s Tweet: Bull Trap or Rally?

Dogecoin price shows a modest 0.12% surge to $0.095 during the less volatile weekend. Along with the market upswing, the DOGE price recently bounced from the $0.09 floor as Billionaire Elon Musk shared a post on X about the Department of Government Efficiency with the D.O.G.E acronym. However, the sustainability of this recovery remains uncertain as DOGE approaches a multi-month resistance. Dogecoin Price Climbs on Trump-Musk Collaboration Former U.S. President Donald Trump announced during his Thursday speech at the Economic Club of New York that, if re-elected, he plans to establish a government efficiency commission in collaboration with Tesla founder Elon Musk. In agreement with this proposal, Musk has actively promoted the idea of a government efficiency commission on X (formerly known as Twitter) with a post showcasing an AI-generated image of him and the acronym D.O.G.E. The tweet triggered a sudden pump in DOGE price to hit a $0.095 high on Friday. However, this upswing m

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