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$277 Million Bitcoin (BTC) Transfer Stuns Major Crypto Exchange

by admin May 24, 2025

Massive BTC transfer sparks doubts
Bitcoin returns to $108K

On-chain data tracking platform Whale Alert has spotted massive Bitcoin transfers flowing into a major U.S.-based cryptocurrency exchange, Kraken, according to an X post on Friday.

Massive BTC transfer sparks doubts

The tracker revealed up to 2,529 BTC worth more than $277 million have been transferred into the exchange in less than 2 hours.

The large Bitcoin transfer, which suggests that Bitcoin whales might be making attempts to sell off their assets, happened in two separate transactions.

The first transfer saw 900 BTC worth $97,830,897 move from the world’s leading crypto exchange Binance to Kraken.

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Meanwhile, the second transfer, which happened consecutively, was spotted from an unknown wallet, involving 1,629 BTC worth $178,533,840 being moved to the same exchange.

The massive Bitcoin transfers come at a time when the crypto market is experiencing a massive bloodbath, suggesting that Bitcoin whales are relenting and dumping their Bitcoin holdings on exchanges to sell.

Although the reason behind the large Bitcoin transfer remains uncertain, it has sparked concerns among market watchers as the plummeting market has left investors in doubt, indicating increased selling activities.

Bitcoin returns to $108K

Despite achieving a new all-time high (ATH) of $111,970 on May 22, Bitcoin has begun trading negatively a day after as the market returns to an uncertain mode. Amid this market bloodbath, Bitcoin and other leading cryptocurrencies have recorded notable lows on Friday.

This negative trend has seen the world’s largest cryptocurrency decline by 2.31% over the last day, according to data from CoinMarketCap. As such, BTC is trading at $108,726 as of press time.

Source: CoinMarketCap

Following this notable plunge in Bitcoin’s price, BTC has fallen by about 2.68% from the ATH it achieved the previous day.

On the contrary, Bitcoin has surged incredibly high with up to a 9-figure increase from its all-time low seen 15 years ago.

Alongside Bitcoin, leading altcoins have followed these bearish trends as they return to previous lows after achieving major breakouts.

While the market dip has been fueled by macroeconomic concerns, investors are curious if there is still a bigger bull run ahead.

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May 24, 2025 0 comments

Crypto Trends

BTC Market Cap Tops $2.2T as Derivatives, Sentiment Signal Pricing Upside

by admin May 24, 2025

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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May 24, 2025 0 comments

KindlyMD shareholders approve Bitcoin pivot via Nakamoto Holdings merger

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Ethereum stalls despite new BTC ATH; Shiba Inu whales are buying this new ICO

by admin May 24, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Ethereum eyes a breakout past $3,000, Shiba Inu gains 20% in a month, and AI-powered Unilabs draws whale interest.

While it has been an exciting week for Bitcoin after registering a new high, the same can’t be said for altcoins. The Ethereum price has been underwhelming despite BTC crossing $111,000, but a bounce might be close. Meanwhile, Shiba Inu coin whales have been doubling down on Unilabs (UNIL), a new ICO.

This new player stands out for its deep AI integration and blend of TradFi and DeFi. Its unique value proposition revolves around identifying high-potential digital assets early through artificial intelligence, thereby assisting retail traders to maximize gains — an AI-backed DeFi asset manager. With the UNIL token in presale, it is on experts’ lists of the best AI coins to buy now.

Unilabs: A new DeFi crypto to buy this cycle

Unilabs, an emerging AI-DeFi coin, stands out in the ICO scene for its novelty. Early funding surpassing $810,000 highlights its upside potential and, most importantly, real-world applications. With over $30 million in Assets Under Management (AUM) as of the second quarter of 2025, the increasing demand and interest in this AI-driven DeFi asset manager is understandable.

The goal of the platform is to democratize access to alpha by equipping retail investors with AI-enhanced portfolios and transparent performance metrics for better investment decisions. Key features include a mining pool, flash loan accelerator, stablecoin savings account, self-custodial asset value and cross-chain trading hub.

Unlike conventional protocols, the UNIL protocol will operate a state-of-the-art mining pool with cutting-edge hardware. Further, its DEX aggregator will be compatible with multiple blockchains. Equally important, users will have full ownership and protection over their digital assets, self-custodial storage solutions.

Ethereum: Primed for a breakout?

Despite recording a 65% monthly gain, the Ethereum price has been underwhelming these past few days, especially with BTC reaching a new peak. It consolidated around $2,600, down from its 30-day high of $2,736.

Nevertheless, the moving averages flash “strong buy.” The 9-HMA and 20-VWMA suggest now might be a great time to stack up. Reclaiming its monthly peak might ignite a rally toward $3,000, making the current Ethereum price a good entry.

In addition, experts believe the Layer-1 altcoin is among this cycle’s best DeFi tokens to buy, especially with the ETH ETFs. Washigorira, a leading expert on Crypto Twitter, expects the Ethereum price to range between $3,000 and $3,500 in the coming weeks. VECTORCP, another crypto expert, echoes this bullish Ethereum price prediction — a run toward $3,200 and $3,800.

Shiba Inu: 20% gain in the past month

Like the rest of the crypto market, the Shiba Inu coin performed well this month — a 20% upswing in the past 30 days. The bulls maintain the $0.000015 price level, with a breakout expected to ignite a run toward $0.00002.

BezosCrypto, with an optimistic outlook, targets $0.00017 this cycle, a bold Shiba Inu price prediction. LordOfAlts, also optimistic, believes the Shiba Inu coin rally is just starting, identifying the growing adoption of Shibarium as a bullish catalyst.

At the same time, the Awesome Oscillator, Momentum (10) and 9-HMA suggest a big leap in the Shiba Inu coin price. However, given its strong memetic appeal and growing shift towards AI, Unilabs might be a more promising alternative this year.

Unilabs: Why Ethereum and Shiba Inu whales are showing interest

The UNIL presale races toward $1 million in funding, propelled by growing whale interest. Its higher upside potential as a low-cap coin makes it a more compelling alternative than the Shiba Inu coin. In addition, traders don’t need to break the bank before positioning for gains, unlike the high Ethereum price.

To learn more about Unilabs, visit the official website, and Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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May 24, 2025 0 comments

GameFi Guides

Trader’s $1 Billion Wager Says BTC Climbs This Week

by admin May 23, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A high-stakes wager has landed a crypto trader in the headlines. He’s known online as James Wynn, and he’s placed almost $1 billion on Bitcoin rising further. He started piling into a bullish position last week and hasn’t said when he plans to exit.

Bitcoin Bets Hit Billion Dollar Mark

According to Wynn’s posts on X, his position reached about $1 billion on May 21. He’s using $20 million of his own funds and borrowed to make the trade roughly 40 times bigger than his stake. The bet sits on Hyperliquid, a decentralized exchange where traders can open perpetual futures positions. Wynn has already closed part of it, trimming the size to just over $800 million as Bitcoin climbed.

Lookonchain data shows he jumped in around a BTC price of $108,084 and set his “kill switch” just below $103,640—so if Bitcoin dips that far, the whole trade goes bye-bye. As of early Thursday, that bet was sitting on a cool $40 million in unrealized gains.

Source: HyperDash

Trader’s Past Success With Memecoin

Wynn didn’t emerge from nowhere. In 2023, he predicted the Pepe memecoin would hit a $4.2 billion market value. That bet paid off in a big way when Pepe peaked at more than $11 billion in December 2024. A wallet tied to “jwynn.eth” even sent $7 million of Pepe tokens to Binance in May 2024. Based on reports, that move helped him pull in eight-figure gains.

Bitcoin just broke through $111,900!

Top trader @JamesWynnReal‘s 40x leveraged long position of 10,200 $BTC($1.14B) is now sitting on an unrealized profit of over $39M!https://t.co/Xy0EC0h5Cw pic.twitter.com/5UlbeiA984

— Lookonchain (@lookonchain) May 22, 2025

Huge Risk Tied To Price Drop

His trade isn’t without danger. If Bitcoin falls below $100,850, the position could be wiped out. Wynn has said he’d add more money rather than face liquidation. In turbulent markets, minor declines can be the trigger for cascade-like forced liquidations. Any substantial amount of money put into the market begs the question: If prices were to shift just a few percent in either direction, would serious losses be incurred?

BTC is currently trading at $110,783. Chart: TradingView

Market Logic Favors This Move

Reportedly, the May chances of Bitcoin hitting $115,000 are pegged at 64% or thereabouts, as per Polymarket. Standard Chartered’s Geoff Kendrick also has a bullish view. He predicts Bitcoin could top $120,000 before the end of July. Those forecasts line up with Wynn’s own target of $115,000–$118,000 by the end of next week, and even $118,000–$122,000 shortly after.

Update on my little $BTC long position.

Reduced position size today, took some profits around $110k -$111k.

Seemed like a nice spot to TP, and seems others are doing the same right now.

In my opinion bitcoin is dying to breakout higher. My target remains the same of… pic.twitter.com/BUfWTuqpoU

— James Wynn 🐳 (@JamesWynnReal) May 22, 2025

Positioning In A Shaky Market

Bitcoin had reached about $111,800 on May 22, 2025, before the slight pullback. Traders pointing at rapid gains also warn of quick drops. On decentralized exchanges, the funding-rate costs might add up. Large orders on Hyperliquid might face slippage, which would move the market against Wynn should he try to unwind too quickly.

People see the trades and think its some high level stupid gambling kinda shit, and yes it is. But it is backed by my own thesis. Which in turn, is a calculated risk.

Since local bottom of 74k bitcoin has remained in this channel. Touching the bottom acting as support just two… pic.twitter.com/wenpkcWKrG

— James Wynn 🐳 (@JamesWynnReal) May 20, 2025

Calm Words From A Risk-Taker

“People see this as high-level gambling, and yes it is,” Wynn said. He added that his bets rest on what he calls a solid thesis. Whether he’s right or wrong remains to be seen. For now, his willingness to risk large sums has drawn both admiration and caution from onlookers.

Featured image from Unsplash, chart from TradingView

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May 23, 2025 0 comments

GameFi Guides

XRP and DOGE Defy Flat Funding Trend Against BTC

by admin May 23, 2025

Bitcoin holders on pause?
XRP and DOGE fuel optimism

The recent crypto market rally that saw Bitcoin (BTC) surpass historic highs has slowed down as market participants move with skepticism. Latest data from Glassnode has revealed a flat funding trend across the broad crypto market.

Bitcoin holders on pause?

The massive Bitcoin-led market rally has put all BTC holders in moments of celebration, as the data source revealed that 100% of Bitcoin’s circulating supply has remained in profit after the leading cryptocurrency surpassed the $108,000 mark, but there’s a surprising shift which has raised concerns among investors.

Despite the bullish momentum, data shows that the funding rates across the broad crypto ecosystem have remained muted. Bitcoin’s funding rate has failed to rise, sitting around a neutral level at 0.0079%.

Source: Glassnode

This unusual pattern has caught investors’ attention and has received mixed reactions as the market seems to be facing price uncertainty amid macroeconomic pressures.

While Bitcoin’s low funding rate suggests that buyers have become skeptical amid reduced optimism, this has seen investors in doubt as to whether there is a larger bull run ahead or not.

XRP and DOGE fuel optimism

While the flat funding rate extended across the broad crypto market, the data shows that only XRP and Dogecoin saw their funding rate above neutral levels among the top 10 leading cryptocurrencies by market capitalization.

XRP and DOGE saw their funding rates reach a slightly positive level at 0.0101% and 0.0104%, respectively. Although the coins have barely surged above neutral levels, they have proven stronger than Bitcoin and other major altcoins like Ethereum.

This unexpected shift in sentiments suggests that crypto users are more interested in buying XRP and DOGE at this point, even though Bitcoin has projected gains for all its holders.

Although the majority of DOGE and XRP holders are in profit, the assets do not stand with Bitcoin in this metric. Unlike Bitcoin, out of the total XRP in circulating supply, 92.8% of the tokens are in profits. DOGE, on the other hand, appears weaker as only 81.1% of the total DOGE in circulation are in profits.

Despite recent gains, the crypto market has experienced an unexpected bloodbath today, with Bitcoin, XRP, and DOGE decreasing by 1.85%, 2.54%, and 2.89% respectively, over the last day.

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May 23, 2025 0 comments

Crypto Trends

Musk Still Bullish on Bitcoin as Tesla’s BTC Holdings Rise

by admin May 23, 2025

Tesla holds firm on Bitcoin holdings
BTC dips 1.85% after record high

Elon Musk’s Tesla remains committed to Bitcoin (BTC) as its holdings are now valued at more than $1.25 billion, based on data from Arkham. By owning 11,509 BTC, the electric carmaker reinforces Musk’s optimism about the leading cryptocurrency.

Tesla holds firm on Bitcoin holdings

Despite recent fluctuations in Bitcoin’s price, Tesla hasn’t sold any of its holdings, demonstrating that Musk and the company remain confident in Bitcoin’s long-term potential.

Tesla first purchased Bitcoin in 2021, acquiring $1.5 billion worth of the digital asset and even briefly accepting it as a payment method for its vehicles. While the company has sold small amounts of its BTC holdings, it has retained most of its investment, even after suspending Bitcoin payments over environmental concerns.

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Tesla’s commitment to holding Bitcoin through volatile price swings sets it apart from many other companies, which often cash out during price highs or sell in panic during downturns. Analysts believe Tesla’s approach serves as a reminder that major Bitcoin investors still view it as a viable and strategic asset.

This strategy aligns with a broader trend of growing institutional adoption. Since Tesla’s initial investment, more financial firms have begun offering Bitcoin-related services, and regulatory clarity has improved in several countries, boosting Bitcoin’s legitimacy and appeal.

BTC dips 1.85% after record high

Following a new all-time high on Thursday, Bitcoin’s price dropped 1.85% to $109,448, according to current CoinMarketCap data. The cryptocurrency briefly fell from around $111,400 to nearly $108,000 before recovering to its current level.

Despite this dip, Bitcoin remains dominant in the crypto market with a market capitalization of $2.17 trillion, larger than the GDP of many countries.

Bitcoin’s trading activity has declined by 12.98% in the last 24 hours, with volume now at $67.94 billion. Nevertheless, with a 100% profile score on CoinMarketCap, BTC continues to be considered a trusted digital asset.

Source: CoinMarketCap

Like Tesla, many top holders are choosing not to sell. For example, prominent Bitcoin whale James Wynn has stated that he won’t sell his holdings but instead plans to buy more.

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May 23, 2025 0 comments

NFT Gaming

SMLR Adds 455 BTC to Balance Sheet

by admin May 23, 2025

Medical equipment company Semler Scientific (SMLR) announced its third-largest bitcoin

purchase since adopting a bitcoin standard roughly one year ago.

The company in the ten days ending May 22 acquired 455 BTC for $50 million, averaging $109,801 per bitcoin. This acquisition, funded through its at-the-market (ATM) equity offering program, brings Semler’s total holdings to 4,264 BTC, purchased for $390 million and currently valued at more than $450 million.

To date, the company has issued 3,003,488 shares under its April 15 $500 million ATM program, raising $114.8 million.

Now roundly used as a key performance indicator by most companies adding bitcoin to their balance sheet, Semler’s BTC Yield, has risen to 25.8% in 2025. BTC Yield measures the year-to-date percentage change in the ratio of total bitcoin holdings to assumed diluted shares outstanding.

SMLR shares are lower by 5.3% in premarket trading alongside a sizable decline in the price of bitcoin Friday morning to $108,300.

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May 23, 2025 0 comments

Trend Accumulation Score By Cohort (Glassnode)

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BTC Enters Strongest Accumulation Phase Since January as Bitcoin Price Tops $110K

by admin May 23, 2025

Bitcoin

has entered a strong accumulation phase across all wallet cohorts for the first time since January, signaling renewed bullish sentiment as the largest cryptocurrency trades above $110,000, an 18% gain over the past month.

Glassnode’s Accumulation Trend Score has reached its maximum value of 1.0, indicating broad-based, aggressive accumulation by investors irrespective of the amount of BTC they already hold. The metric evaluates the relative strength of buying by different wallet sizes, factoring in both their existing holdings and the amount acquired over the past 15 days. It excludes exchanges and miners to avoid distortion.

The latest accumulation wave began in early May, led by whales holding over 10,000 BTC. As the price began to climb, cohorts with smaller holdings followed, intensifying their accumulation behavior.

This marks a significant shift from the January-to-April period, when most cohorts were in reducing their holdings as bitcoin tumbled from its then-record high of $109,000 to lows around $75,000.

Trend Accumulation Score By Cohort (Glassnode)

The renewed demand is supported by options market activity, with CoinDesk Research highlighting large bullish positions. The $300,000 strike for June expiry has become the most popular call option, with $620 million in notional value, and an additional $420 million is concentrated around the $200,000 strike.

Open Interest By Strike Price (Deribit)

While bitcoin historically tends to fall after hitting an all-time high due to profit-taking, traditional assets like the S&P 500 and gold often extend their rallies in similar scenarios. If bitcoin were to follow this more mature asset behavior, it may signal the beginning of a sustained bull cycle, a trend many in the market are now watching closely.

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May 23, 2025 0 comments

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Satoshi-Era BTC on Move, On-chain Data Finds

by admin May 23, 2025

On-chain analytics platform Glassnode noted in a recent tweet that 15 years after Laszlo Hanyecz made history by spending 10,000 BTC (now worth $1.1 billion) on two pizzas, some of those early-era Bitcoins are still moving.

According to Glassnode, Bitcoin from the Satoshi era, which refers to the period when the Bitcoin creator was still active in the crypto space, is quietly shifting on-chain. These ancient wallets, which were formerly deemed dormant, have seen fresh activity in recent months.

Glassnode observed that the >10-year cohort’s share of Bitcoin’s Realized Cap has dropped from a peak of 0.045% to 0.033%. Notably, this decline accelerated between December and February and has picked up again since April 20.

15 years after Laszlo bought pizza for 10,000 $BTC – now worth over $1.1B – some of that era’s coins are still moving.

The >10y cohort’s share of #BTC‘s Realized Cap fell from peak 0.045% to 0.033%, with steep declines from Dec–Feb and again since Apr 20.#Bitcoin #PizzaDay pic.twitter.com/FoGbgG01Ba

— glassnode (@glassnode) May 22, 2025

The timing of the reawakening of these ancient coins in December to February as well as in April aligns with the rise in the price of Bitcoin. Bitcoin reached six figures for the first time in December, peaking in January at $109,114, following which the price fell.

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Bitcoin revived its uptrend from lows of $74,553 in April, with its recent surge casting the spotlight on early holders, including its mysterious creator Satoshi Nakamoto, whose net worth has recently pushed higher in the top global rankings.

Bitcoin reaches all all-time high on Pizza Day

Bitcoin hit a new all-time high of $111,903 on the 15th anniversary of Bitcoin Pizza Day.

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In 2010, Laszlo Hanyecz performed the first known commercial Bitcoin transaction, purchasing two pizzas for 10,000 BTC. The 10,000 BTC used for the pizza transaction are now worth over $1.1 billion, demonstrating the cryptocurrency’s extraordinary growth in value.

Bitcoin’s price climbed to fresh highs above $111,000, sparking unprecedented activity on the Deribit options market. Deribit’s open options contracts totaled a record $42.5 billion, showing elevated market interest.

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May 23, 2025 0 comments

GameFi Guides

Bitcoin sees limited profit taking with BTC price up 3.7%

by admin May 22, 2025

Bitcoin price remained near its all-time high after a stellar surge on May 21, with bulls largely in control as the market eyed price discovery.

After hitting highs of $111,861, Bitcoin (BTC) traded to around $110,300 before rebounding higher.

Despite the spike to a fresh peak, with Bitcoin outpacing the Dow Jones Industrial Average as stocks struggled, the market hasn’t witnessed a significant profit taking scenario so far.

What are analysts saying about Bitcoin price?

Notably, all BTC addresses flipped profitable as the cryptocurrency rallied. Yet on-chain data shows the benchmark digital asset is “still not overheated.”

CryptoQuant analyst Crypto Dan posited that despite the run to a new ATH, profit taking is so far mild.

“Overheating indicators such as the funding rate [and] short-term capital inflow remain low compared to previous peaks, and profit-taking by short-term investors is limited.”

Alex Wacy, a popular crypto analyst and investor, noted via a post on X that while BTC storms to a new ATH, “there’s no mania.”

He pointed to Google searches being low, with retail not yet in fear of missing out territory.

$BTC is hitting a new all-time high.

But look around: there’s no mania.

Google searches are quiet. Retail is still asleep. CT is loud, but it always is. The broader public isn’t rushing in — not yet.

It’s a familiar pattern. Hype always lags price. Interest follows… pic.twitter.com/hzd2sXyPpc

— AlΞx Wacy 🌐 (@wacy_time1) May 22, 2025

But as Bitcoin quietly edges towards price discovery, something else is at historic levels – the global M2 money supply. Currently, this sits at over $22 trillion.

“That means there’s more money in the system than ever before. But it’s not backed by an equivalent increase in productivity, goods, or services. It’s just… more money,” the analyst noted.

No frenzy means it’s still early days for Bitcoin, Wacy said. His forecast aligns with overall market sentiment that Bitcoin’s price could target $150k or higher in 2025. On May 21, 2025, as BTC price broke past its January 2025 peak, Michael Saylor said buying at the top could still be profitable long-term.

The confidence in Bitcoin price going higher could be why a whale just sold recently acquired Ether (ETH) and continues to hodl the BTC.

Per Lookonchain, a whale who scooped 30,000 ETH and 600 BTC on April 27, 2025 has sold all 30k ETH. However, the address still holds all 600 $BTC purchased for $56.9 million. The whale’s Bitcoin haul was worth over $66.5 million as prices hovered above $111k.

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May 22, 2025 0 comments