Massive Bitcoin Whale Accumulates Half a Billion in BTC: Trading Pairs Surge Amid Sudden Large Purchase
As alluded to recently on September 3, Monica Long the President of Ripple started shedding more light into why XRPL (XRP Ledger) is gaining importance this time around in what turned out as a surprising partnership for Future verse:
A company focused primarily on developing AI and Metaverse tech. Partner Near Future verse collaborates with Ripple Custody↓ edge Custodes secure management of digital assets. This partnership underscores the importance of secure and compliant infrastructure for tokenization on traditional finance as well as in crypto world.
Future verse has moved to adopt the XRPL NFT standard, according to a recent announcement from Ripple; now using XRP as its gas token on the Root Network which firmly cements FutureX’s positioning within Metaverse. Moreover, Future verse is connected with the XRPL DEX to provide liquidity for whole network.
Monica Long, president of Ripple, celebrated the news by saying that large financial institutions and crypto-native companies alike need secure and scalable infrastructure to support business-critical enterprise capabilities. Long added that they were thrilled to expand the partnership with Future verse and underscored how custody was a critical on-ramp for broader tokenization in digital economy.
Ripple’s partnership with Future verse is a key strategic alliance, demonstrating the trends of digitizing traditional finance and possessing scalable secure blockchain infra dat in industries such as artificial intelligence (AI) through to Metaverse. The XRP being a gas token and the entry into XRPL DEX will shed much needed light on liquidity issues currently facing these new technologies.
As for Binance, the largest cryptocurrency exchange in the world unveiled a set of four major trading pairs on September 3. These pairs comprise of AAVE/USDC, STMX/TRY, SUN/TRX and TRX/USDC with spot trading opening at 8:00 am on September 4th UTC.
This is a part of the Binance team’s effort to offer users more trading options, improving overall user experience. Binance will also turn on Trading Bots services for particular pairs Spot Grid, Spot DCA (dollar cost averaging) and Smart Positioning algorithms-.
These pairs are set to provide users with greater options for access and participation in the strong trading ecosystem at Binance. The expansion to Binance.Pro aims in aligning well with this principal as the platform continues to bring unique and innovative upgrades for its users, be it a professional investor or an amateur cryptocurrency enthusiast.
Another big bit of cryptocurrency news was when one major Bitcoin whale pulled a grand close by restoring more pieces into getting the business area to stir up rumors. The other wallet, from the stealth account @lookonchain (formerly on Twitter and looking decidedly off at present).
That held in excess of $500m worth of BTC scooped up 322.37 BTC for around ~$19 m based on X data For the week, this whale has picked up 2,322.37 BTC worth ~$136 million based on trading price calculations from trades conducted over January (Figure 30). This wallet presently contains just 8,881 BTC or about $523 million.
The whale’s massive purchase of Bitcoin, on the other hand, underscores ongoing demand and confidence in the top cryptocurrency by investors with considerable assets. Meanwhile, popular crypto tracker @spotonchain points out that Binance has seen a separate whale purchase of 1,100 BTC and made “big money” from the transaction.
The moves are further evidence that institutional and retail investors alike consider bitcoin a key asset.
