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Bitcoin Whale Deposits To Binance In Record Volumes – Is Another Major Sell-Off Brewing?

by admin September 24, 2025

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This week in the cryptocurrency sector began on a significant bearish note, and Bitcoin, the leading digital asset, has declined strongly toward the $112,000 price level. With the crypto king experiencing a persistent decrease in price, key BTC investors are seen shifting their coins into crypto exchanges at a rapid rate.

Whales Moving Bitcoin Into Binance

Bitcoin’s recent downward trend in the last few days appears to have impacted the sentiment of major investors on crypto exchanges. In a recent post on X, CryptoQuant, a leading on-chain and data analytics firm, has outlined a growing shift among investors on Binance, the largest crypto exchange.

Presently, Bitcoin is witnessing a fresh wave of investor activity as massive whale inflows of BTC are being funneled into Binance. Such a trend frequently occurs before periods of increased volatility, as whales seek to either profit from the current state of the market or prepare for impending market drivers.

With large holders possibly getting ready for big trading or positioning moves, this rise in high-volume transactions indicates renewed market intensity. While BTC is seeing robust downward movement, Maartuun highlighted that whale activity on Exchanges typically corresponds with these fluctuations.

BTC large investors’ inflows to Binance | Source: Chart from CryptoQuant on X

According to the market expert, whales continue to have a huge impact on the market and usually utilize the Binance exchange as their main trading platform. This implies that the development could reshape BTC’s current price dynamics and trajectory in the short term.

In the meantime, the expert has underscored the importance of monitoring the Whale to Binance Flow ratio. Data shows that inflows from large holders to Binance reached about $120 million during the sell-off on September 22. After these massive deposits, an additional $52 million was observed flowing into the platform in the early hours of September 23.

Maartuum noted that these transfers suggest that whales are constantly moving a substantial portion of their coins into Binance, with the aim of executing on the market. Combining the transfers between September 22 and 23, it marks the second-largest inflow to Binance in the past month, around the current high of $116,000.

BTC Future Open Interest Moves Downward

Given Bitcoin’s decline in price, several key metrics are beginning to exhibit bearish action. One of the metrics highlighted by Glassnode that is showing a negative trend is the BTC Futures Open Interest Perpetual.

In its post on X, the leading data analytics platform reported that the metric experienced a drop from $44.8 billion to $42.8 billion, as BTC’s price pulled back to $113,000. According to Glassnode, the flush in leverage reflects reduced exposure to market speculation. Furthermore, it is frequently a healthy reset that can reduce the likelihood of forced liquidations and stabilize derivatives markets.

BTC trading at $112,502 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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September 24, 2025 0 comments

Crypto Trends

Stablecoins Don’t Drain Bank Deposits, Calls It a ‘Myth’

by admin September 16, 2025

Leading U.S. cryptocurrency exchange Coinbase has refuted claims that stablecoins threaten the US banking system by causing “deposit erosion.” It called this idea a myth.

In a blog post on September 16, the exchange dismissed concerns about stablecoins pulling funds from bank deposits as unfounded. Coinbase also cited that recent analysis highlighted that there is no significant connection between stablecoin use and deposit outflows at community banks.

Further, the exchange argued that stablecoins, which are dollar-pegged cryptocurrencies, function primarily as payment tools rather than savings accounts. “Stablecoins don’t threaten lending—they offer a competitive alternative to banks’ $187 billion annual swipe-fee windfall,” it stated, emphasizing that users choosing stablecoins for international payments are not reallocating savings but opting for faster, cheaper transactions.

The exchange also challenged a U.S. Treasury Borrowing Advisory Committee report projecting $6 trillion in potential deposit flight against a $2 trillion stablecoin market by 2028, calling the figures inconsistent. Coinbase’s accompanying paper noted that most stablecoin activity, over $1 trillion of $2 trillion in 2024 transactions, occurs outside the U.S., particularly in Asia, Latin America, and Africa, where financial infrastructure is weaker.

Coinbase: Stablecoins boost USD, coexist with banks

Coinbase argued that this international use strengthens the U.S. dollar’s global dominance rather than undermining domestic banks. It further highlighted positive correlations between bank stock performance and crypto firms like itself and Circle after the passage of the GENIUS Act, suggesting banks and stablecoins can coexist.

The exchange’s stance aligns with comments from Bitwise’s Investment Chief Matt Hougan, who last week criticized U.S. banks in an X post for offering low deposit yields while resisting stablecoin competition instead of improving services. The debate follows August 2025 calls from U.S. banking groups, led by the Bank Policy Institute, urging Congress to address a perceived loophole in the GENIUS Act that could allow stablecoin issuers to indirectly offer yields through crypto exchanges.

Also Read: Hong Kong To Simplify Crypto Rules To Support Stablecoin Banking

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September 16, 2025 0 comments

NFT Gaming

Are Stablecoins Really a Risk to Bank Deposits? Coinbase Policy Chief Says ‘No’

by admin September 16, 2025

Contrary to claims from the U.S. banking industry, stablecoins do not pose a risk to the financial system, according to the chief policy officer at crypto exchange Coinbase (COIN), Faryar Shirzad. Banks’ claims that they do are are myths crafted to defend their revenues, he wrote in a Tueday blog post.

“The central claim — that stablecoins will cause a mass outflow of bank deposits — simply doesn’t hold up,” Shirzad wrote. “Recent analysis shows no meaningful link between stablecoin adoption and deposit flight for community banks and there’s no reason to believe big banks would fare any worse.”

Larger lenders still hold trillions of dollars at the Federal Reserve and if deposits were really at risk, he argued, they would be competing harder for customer funds by offering higher interest rates rather than parking cash at the central bank

According to Shirzad, the real reason for banks’ opposition is the payments business. Stablecoins, digital tokens whose value is pegged to a real-life asset such as the dollar, offer faster and cheaper ways to move money, threatening an estimated $187 billion in annual swipe-fee revenue for traditional card networks and banks.

He compared the current pushback to earlier battles against ATMs and online banking, when incumbents warned of systemic dangers but, he said, were ultimately trying to protect entrenched profits.

Shirzad also dismissed reports predicting trillions in potential outflows from deposits into stablecoins, whose total market cap is around $290 billion, according to data from CoinGecko. He stressed that stablecoins are primarily used as payment tools — for trading digital assets or sending funds abroad — not as long-term savings products.

Someone purchasing stablecoins to settle with an overseas supplier, he argued, is opting for a more efficient transaction method the going through their bank, not pulling money from a savings account.

He urged banks to embrace the technology instead of resisting it, saying stablecoin rails could cut settlement times, lower correspondent banking costs and provide round-the-clock payments. Those institutions willing to adapt, he wrote, stand to benefit from the shift.

The U.K., too, faces concerns about the effect of stablecoins on the financial industry.

The Financial Times reported Monday that the Bank of England is considering setting limits on how many “systemic” stablecoins people and companies can hold — setting thresholds as low as 10,000 pounds ($13,600) for individuals and about 10 million pounds for businesses.

Officials define systemic stablecoins as those already widely used for U.K. payments or expected to become so, and say the caps are needed to prevent sudden deposit outflows that could weaken lending and financial stability.

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September 16, 2025 0 comments

GameFi Guides

Shiba Inu (SHIB): No One Selling? Exchange Deposits Near-Zero

by admin September 3, 2025

Shiba Inu exchange flows
Good old triangle

For the first time, Shiba Inu is at a turning point, and it’s not just the charts that count. Exchange depositing transactions have dropped to extremely low levels, according to on-chain data, indicating that there isn’t any fresh selling pressure hitting the market.

Shiba Inu exchange flows

This could be interpreted as a bullish sign on the surface, since there would be less supply available to be dumped on the market right away if fewer investors were sending SHIB to exchanges. Compared to previous peaks over 900, the most recent data shows a dramatic decline, with only 222 depositing addresses.

SHIB/USDT Chart by TradingView

This implies that instead of getting ready to sell, traders are keeping their tokens. There is a significant catch, though: Exchanges already have trillions of SHIB on hand. If sentiment turns negative, this enormous stockpile could still have a significant impact on price action, even in the absence of fresh inflows.

Good old triangle

Technically speaking, SHIB is consolidating in a tight symmetrical triangle, with the price circling $0.0000123. As the token moves closer to the formation’s tip, the structure indicates impending volatility. Although a breakdown below $0.0000120 runs the risk of causing another leg lower, possibly testing $0.0000105, a clear breakout above resistance at $0.0000130-$0.0000131 could pave the way for a relief rally.

Japan Post Bank To Give Digital Yen Access To $1.3T Deposits

by admin September 3, 2025

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

Japan Post Bank is moving toward a blockchain-based yen currency for depositors, with a launch planned by the end of fiscal year 2026.

Japan Post Bank Taps Into Blockchain For Digital Yen

As reported by Reuters, Japan Post Bank is planning to launch a digital yen in the coming year. Japan Post Bank is a Tokyo-headquartered bank that originally started as a postal savings system back in 1875 and today manages around 190 trillion (nearly $1.3 trillion in US dollars) in deposits.

Historically fully owned by the Japanese government, the institution opened up to private shareholders in 2007, but still counts the Japanese state among its backers.

Now, it seems the bank wants to bring its massive depositor base into the blockchain era. The new currency, known as “DCJPY,” will be developed by DeCurret DCP, a Japanese digital currencies platform, and will be backed 1:1 by fiat yen.

The two companies plan to issue the digital yen by the end of fiscal year 2026. After its launch, the bank’s users will be able to convert their funds into DCJPY and participate in blockchain-based transactions.

While DCJPY will use blockchain technology, it will be different from a stablecoin. Stablecoins are cryptocurrencies pegged to a fiat currency that are typically available for trading on public exchanges and other platforms. Meanwhile, DCJPY will be a deposit-based token available within the financial system of Japan Post Bank.

The bank isn’t the first financial institution in the country to launch a blockchain product like this. Last year, GMO Aozora Net Bank also started a similar digital yen offering.

Speaking of stablecoins, these cryptocurrencies have been witnessing a legislative push in Asia lately, with Hong Kong releasing its stablecoin bill at the start of August and South Korea expected to launch its framework in October.

Japan introduced its stablecoin legislation back in 2022. So far, no yen-backed stablecoins have been approved, but according to a report, one could gain the green light from regulators as soon as October.

The fiat-tied digital assets have recently been observing some notable growth and exploring new all-time highs (ATHs), according to data from MacroMicro.

The trend in the stablecoin market cap over the last several years | Source: MacroMicro

From the chart, it’s visible that the stablecoin market cap saw a slump in 2022-23, but 2024 brought a reversal as growth returned in the space. The end of the year then witnessed acceleration in the metric, which has continued into 2025.

Today, the combined stablecoin market cap sits at about $282.6 billion, a fresh record.

Bitcoin Price

At the time of writing, Bitcoin is trading around $109,500, unchanged from one week ago.

Looks like the price of the coin has been moving sideways since its plunge | Source: BTCUSDT on TradingView

Featured image from Dall-E, MacroMicro.com, chart from TradingView.com

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September 3, 2025 0 comments

GameFi Guides

Monero Attack: Kraken Suspends XMR Deposits Until It Is ‘Safe’

by admin August 18, 2025

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

Crypto exchange Kraken has announced a temporary stoppage of Monero (XMR) token deposits on its platform. This move comes in response to the ongoing 51% attack against the Monero blockchain, an open-source protocol and privacy-focused network.

For context, a 51% attack refers to a situation where a group of miners gains more than 50% of a blockchain’s mining hash rate. On Tuesday, August 12, Qubic, a project led by IOTA co-founder Sergey Ivancheglo, claimed that it has seized control of the majority of the Monero blockchain’s hash rate.

According to the Qubic mining pool, the 51% attack was executed using a useful proof-of-work (uPoW or UPoW) mechanism. As reported on Bitcoinist, the Qubic team is taking half the mining profits in XMR, converting them into USDT to buy QUBIC tokens, and then sending them to a burn address.

Why Did Kraken Suspend Monero Deposits On Its Platform?

In an August 15 update on its website, Kraken announced that it is temporarily stopping the deposit of Monero tokens on its trading platform after detecting that a single mining pool has taken control of more than half of the blockchain’s total hashing power.

The cryptocurrency exchange said:

This concentration of mining power poses a potential risk to network integrity. We are actively monitoring the situation and will resume deposits once we determine it is safe to do so. Trading and withdrawals for XMR remain fully operational.

Following the release of Qubic’s claim, emerging reports on social media platform X revealed that there indeed was a six-block reorganization on the Monero blockchain, suggesting that the team does control a large enough portion of the hash rate.

As Kraken mentioned, it is worth noting that Qubic’s seizure and control of the majority of Monero’s total hashing power could be significantly detrimental to the decentralized ethos of blockchain technology. As it stands—with Qubic controlling 51% of the hash rate, the network is at risk of transaction censoring, double spends, and blocks reorganization, undermining the blockchain’s integrity.

XMR Price Overview

The reaction of the XMR price to these claims of a 51% attack on the Monero blockchain has been fairly measured. While the altcoin did lose more than 10% of its value immediately the news broke out and a further 5% in the subsequent days, the Monero token seems to be recovering well.

As of this writing, the Monero token is valued at around $265, reflecting a nearly 12% jump in the past 24 hours. Meanwhile, CoinGecko data shows that the altcoin is down by only 4% on the weekly timeframe.

The price of XMR on the daily timeframe | Source: XMRUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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August 18, 2025 0 comments

Can Monero’s XMR price surge 40% and revisit all-time high?

Crypto Trends

Kraken freezes Monero deposits, Qubic grabs 51% hashrate

by admin August 17, 2025

Kraken suspended Monero deposits after detecting that a single mining pool gained majority control of the network’s hashrate.

The exchange cited security concerns following what appears to be a successful 51% attack on the privacy-focused blockchain.

“As a security precaution, we have paused Monero (XMR) deposits after detecting that a single mining pool has gained more than 50% of the network’s total hashing power,” Kraken announced Friday.

The exchange added that the concentration of mining power poses a potential risk to the network’s integrity.

Source: Kraken announcement

Qubic, an AI-focused blockchain and mining pool, claimed it achieved 51% hashrate dominance over Monero following a month-long technical confrontation.

“After a month-long, high-stakes technical confrontation, Qubic reached 51% of Monero’s hashrate dominance, successfully reorganizing the blockchain,” Qubic representatives announced Tuesday.

Pool survives denial of service counterattack

While Monero community members initially denied the attack claims, mining pool statistics now confirm Qubic as the dominant Monero miner.

Qubic faced resistance during its takeover attempt, briefly falling to seventh place among Monero miners. On August 4, the pool suffered a denial-of-service (DDoS) attack, which significantly reduced its computational power.

The DDoS attack dropped Qubic’s hashrate from 2.6 gigahashes per second to just 0.8 GH/s, according to Sergey Ivancheglo, who claimed responsibility for the 51% attack. Denial-of-service attacks flood networks with fake traffic, disrupting legitimate operations.

Despite the counterattack, Qubic recovered its hashing power and accumulated enough computational resources to control majority network operations. Current mining statistics confirm Qubic’s position as the top Monero mining pool.

Kraken’s deposit suspension aims to prevent potential losses from double-spending attacks while the network remains compromised.

Other exchanges may implement similar measures until normal mining distribution resumes.

A 51% attack allows attackers to spend the same coins multiple times by reversing confirmed transactions. Exchanges become primary targets in such attacks since they handle large transaction volumes and hold significant cryptocurrency reserves.

The Monero network’s proof-of-work consensus mechanism requires majority hashrate control to validate transactions. Qubic’s dominance theoretically gives it the power to reorganize blocks and censor transactions on the network.

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August 17, 2025 0 comments