Whales Scoop $1.73B In Ether As Exchange Balances Hit Nine-Year Low

In a surprising turn, Galaxy Digital CEO Mike Novogratz has made a bullish case for XRP during a recent podcast with Kyle Chassé. He highlighted that XRP's value is now more about its resilient community than just on-chain activity, which has weathered legal challenges and market downturns. This perspective is significant as it shifts the narrative around XRP, suggesting that its strength lies in the loyalty and identity of its supporters, potentially paving the way for a more stable future for the asset.

Solana's price has recently dipped below the $225 mark but is now showing signs of recovery, trading above $200. This rebound is significant as it indicates potential resistance levels at $215 and $220, which could determine the next movement of SOL. Investors are watching closely to see if the price can maintain this upward momentum or if it will face further declines. Understanding these price movements is crucial for traders and investors in the cryptocurrency market.

XRP is showing signs of recovery as it trades above the $2.80 support level, with potential to rise further if it can break through key resistance points at $2.880 and $2.920. This upward movement is significant as it indicates growing investor confidence and could lead to a more sustained rally in the cryptocurrency market, making it an important development for traders and enthusiasts alike.

Ethereum's recent price movement shows promise as it bounces back above $4,050, indicating a potential rally. With the cryptocurrency stabilizing above $3,820 and breaking key resistance levels, traders are optimistic about further gains if it can surpass $4,170. This recovery is significant as it reflects growing confidence in Ethereum's market position, which could attract more investors and influence the broader cryptocurrency landscape.

Bitcoin is showing signs of recovery after finding support near $108,680, now trading above $111,000. This upward movement is significant as it breaks through previous resistance levels, suggesting that the cryptocurrency could continue to gain momentum if it surpasses the $112,500 mark. This recovery is important for investors and the market, as it may indicate a shift towards a bullish trend, potentially attracting more interest and investment in Bitcoin.

Bitcoin's price has shown resilience in 2025, bouncing back from a low of $74,000 to reach new heights above $120,000. Despite a recent consolidation phase, Galaxy Digital CEO Mike Novogratz believes there are strong catalysts that could drive Bitcoin to $200,000. This optimism is significant as it reflects the ongoing confidence in Bitcoin's potential, which could influence investor sentiment and market dynamics moving forward.

Kraken has successfully raised $500 million in preparation for its anticipated public offering in 2026, marking a significant milestone for the cryptocurrency exchange. This funding not only strengthens Kraken's position in the market but also reflects growing investor confidence in the crypto sector. Meanwhile, Tether is initiating a multi-billion dollar funding round, which could further bolster its operations and influence in the digital currency landscape. These developments are crucial as they indicate a robust interest in cryptocurrency investments and the potential for future growth in this evolving industry.

Mike Novogratz, CEO of Galaxy Digital, has made a bold prediction that Bitcoin could soar to $200,000 if the Federal Reserve adopts a dovish stance under Trump. However, he cautions that this surge could come at a significant cost to the American economy. This insight highlights the complex relationship between cryptocurrency markets and traditional economic policies, raising questions about the potential consequences of such a financial shift.

Mike Novogratz, the CEO of Galaxy Digital, believes that a dovish appointment to lead the Federal Reserve could trigger a significant rally for Bitcoin. While he acknowledges the potential for such a shift to have serious implications for the U.S. economy, the prospect of a more favorable monetary policy could invigorate the cryptocurrency market. This insight highlights the interconnectedness of financial policies and digital currencies, making it a crucial moment for investors and enthusiasts alike.

Kraken, the prominent crypto exchange, is reportedly in discussions with a strategic investor to secure funding that could elevate its valuation to an impressive $20 billion ahead of a potential IPO. This news is significant as it highlights the growing interest and activity in the cryptocurrency market, especially with the supportive regulatory environment under President Donald Trump's administration. As more crypto firms pursue IPOs, Kraken's move could set a precedent and attract further investment in the sector.

Kraken, the US-based cryptocurrency exchange, has successfully raised $500 million in its latest funding round, bringing its valuation to an impressive $15 billion. This achievement is particularly significant as it positions the company favorably ahead of its anticipated initial public offering (IPO) next year. The funding not only reflects investor confidence in Kraken's growth potential but also highlights the increasing interest in the cryptocurrency market, making it a pivotal moment for both the company and the industry.

Kraken is currently in discussions with a strategic investor, which could lead to a valuation of $20 billion. This significant figure reflects strong confidence from investors and may enhance Kraken's market position as it prepares for its anticipated IPO in 2026. Such developments are crucial as they indicate the growing trust in the cryptocurrency sector and could attract more attention and investment in the future.

Bitcoin's price forecasts for 2026 are generating excitement, with estimates ranging from $60,000 to a staggering $500,000. This optimistic outlook is driven by increasing institutional demand and potential policy changes that could influence the market. Currently priced around $113,000, the median forecast of $201,000 suggests a significant growth opportunity for investors. Understanding these projections is crucial as they highlight the evolving landscape of cryptocurrency and the factors that could shape its future.

Changpeng Zhao, the former CEO of Binance, is celebrating a year since his release from U.S. prison, reflecting on significant milestones in the crypto community and his personal project, Giggle Academy. This anniversary is not just a personal triumph for Zhao but also highlights the resilience and growth of the cryptocurrency sector over the past year, making it a noteworthy moment for enthusiasts and investors alike.

A 71-year-old retiree in Kuala Terengganu, Malaysia, has fallen victim to a crypto investment scam, losing over RM 525,000. This incident highlights the growing concern over cryptocurrency scams targeting vulnerable individuals, emphasizing the need for increased awareness and protective measures in the digital investment space.

The European Central Bank (ECB) is promoting the digital euro as a vital tool for enhancing freedom, autonomy, and security in the financial landscape. This initiative is significant as it aims to provide citizens with a reliable alternative to traditional currencies, ensuring greater control over their financial transactions. By advocating for a digital euro, the ECB is not only addressing the evolving needs of the economy but also reinforcing the importance of secure and independent financial systems in an increasingly digital world.

The article emphasizes that for stablecoins to gain traction among retail merchants, they must operate seamlessly without drawing attention to themselves. Merchants prioritize fast, reliable, and low-cost payment solutions over the hype surrounding cryptocurrency. This insight is crucial as it highlights the need for stablecoins to evolve into practical tools that enhance transaction efficiency, ultimately benefiting both businesses and consumers.

PEPENODE is making waves in the crypto world with its presale hitting an impressive $1.5 million. This innovative GameFi project stands out by blending virtual mining with a unique reward system, making it an exciting opportunity for investors. The buzz around PEPENODE is not just hype; it reflects a growing interest in creative crypto solutions that offer real benefits without the usual complexities. As more people look for engaging ways to participate in the crypto space, PEPENODE could pave the way for future projects.