Global

In the last 24 hours, a Bitcoin whale transferred 1,519 BTC, valued at over $104 million, to the centralized exchange Kraken, following a series of other whale transactions.

Bitcoin remains a prominent player in the cryptocurrency market, but investors are also keenly interested in potential altcoin opportunities. Four altcoins drawing attention from Bitcoin investors include PawFury (PAW), Shiba Inu (SHIB), Solana (SOL), Ripple (XRP), and Ethereum (ETH).

Solana-based memecoins like dogwifhat (WIF), Bonk (BONK), and Popcat (POPCAT) have paused their recent rallies. WIF lost 9.92% of its value in the last 24 hours, while BONK and POPCAT experienced decreases of 7.49% and 11.31%, respectively.

Bitdeer, a cryptocurrency mining firm headed by Jihan Wu, is securing fresh funding from Tether, the entity behind the prominent stablecoin USDT. Tether has committed to investing up to $150 million in Bitdeer through a private placement deal.

The intense market volatility that previously drew speculative investors to the cryptocurrency ecosystem is subsiding, significantly affecting exchanges like Coinbase (COIN), which historically benefited from periods of significant fluctuations.

During the ongoing Consensus 2024 conference, Ripple CEO Brad Garlinghouse conveyed optimism about the imminent approval of a spot XRP exchange-traded fund (ETF) in the United States.