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1 Million SOL Leaves Binance in Surprising Buy Activity, Are Solana Whales Back?
GameFi Guides

1 Million SOL Leaves Binance in Surprising Buy Activity, Are Solana Whales Back?

by admin August 20, 2025


  • What does this whale know?
  • SOL price outlook

The crypto market is severely down but whales have remained bullish on Solana. 

On August 20, a large crypto transaction involving 1,000,000 SOL was spotted leaving the world’s largest crypto exchange Binance, according to data provided by Whale Alert.

The transaction, which involved massive amounts of SOL worth over $181 million, happened during the mid-hour of the day, sparking discussions across the crypto community.

While the large transfer was made from a Solana cold wallet, the data shows that the destination of the transfer was unidentified by the tracker, suggesting a possible buy activity from a high-profile investor.

The receiving Solana wallet appears to have been recently created, as the first transaction carried out on the wallet happened 14 days ago, on August 7.

What does this whale know?

Although the reason behind the transfer was not stated, all indications from the transfer point to an attempt to buy the asset in large quantities. Notably, large amounts of cryptocurrencies leaving a major crypto exchange like Binance have often been traced to major buy activities from whales.

While the massive crypto transfer came at a time when the crypto market is experiencing a severe bloodbath, comments have suggested that a high-profile investor or an institution might have made the move to stack up on the asset at a lesser price and maximize profits.

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Apart from its anonymous nature, which has stirred curiosities among market participants, it is uncommon for such large amounts of tokens to be moved in attempted buy activities at a time like this when the crypto market is experiencing a heavy downturn.

Nonetheless, bullish moves like this have fueled hopes among relenting investors that something big might be coming, which the whale appears to be preparing for.

SOL price outlook

After falling as low as $179 on August 20, the price of SOL has seen a sharp rebound, rapidly switching to the green zone on the same day.

According to data from CoinMarketCap, SOL has surged sharply to $184 as of press time, reflecting a price increase of 3.48% over the last day.

Source: CoinMarketCap

With this sudden rebound in SOL’s price, investors’ enthusiasm have been reignited, and more large transfers like this are expected to push the token for more rally.



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August 20, 2025 0 comments
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GameFi Guides

Bo Hines Leaves White House Role And Lands At Tether

by admin August 19, 2025


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

Bo Hines has joined Tether Inc. just days after stepping down from his role in US President Donald Trump’s crypto task force, taking a job that will push the company’s foray into the US market.

According to reports, Hines will serve as Strategic Advisor for Digital Assets and United States Strategy and will focus on aligning Tether’s business with incoming rules under the GENIUS bill.

He left the White House post on August 9 and, based on reports, fielded offers from about 50 projects before choosing Tether.

Rapid Transition To Private Sector

The move came fast. Reports have disclosed that Hines resigned and within a week became one of the most sought-after figures in crypto.

Paolo Ardoino, Tether’s CEO, framed the hire as part of a broader US expansion plan and said Hines’ knowledge of Washington will help the firm navigate new rules.

Hines had been involved in promoting a “Made in USA” angle while at the task force, and he spent roughly seven months in that role.

Thrilled to join @Tether_to! Huge thanks to @paoloardoino & the team for the warm welcome. Excited to help build an ecosystem of digital asset products that set the standard for compliance & innovation—empowering U.S. consumers and reshaping our financial system. The best is yet… https://t.co/DloARijWkh

— Bo Hines (@BoHines) August 19, 2025

GENIUS Bill Puts Spotlight On Stablecoins

Lawmakers are now advancing clearer rules for stablecoins, and the GENIUS bill focuses largely on fiat-backed tokens. Based on reports, USDT’s reserve mix — partially backed by fiat and heavily weighted in US Treasury bills — may not fit neatly into the bill’s main outlines.

That gap is one reason Tether wants someone with policy experience who can talk to regulators and explain how USDT could operate under stricter rules. Hines is expected to meet with policy makers and other stakeholders to press Tether’s case.

Total crypto market cap currently at $3.8 trillion. Chart: TradingView

Tether’s Scale And Crypto Growth

Tether is a massive player. Reports place the firm among the top 15 holders of US Treasury debt with about $120 billion in bonds.

Supply metrics in 2025 underline that scale: 50 billion new USDT were minted on TRON and Ethereum this year, taking total USDT from 117 billion in January to over 160 billion.

Usage is concentrated in the Asia Pacific region and Europe, while in the US some dollar-based trading has shifted toward more regulated options like USDC on centralized platforms.

Hines’ hire signals that Tether sees both risk and opportunity in the US. According to statements, he’ll work to make Tether’s activities compatible with US rules and to push product work that aims for “stability, compliance, and innovation” — language Hines used to describe his goals.

Featured image from Allison Joyce/Getty Images, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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August 19, 2025 0 comments
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News Tower early access
Product Reviews

1930s media mogul sim News Tower leaves early access in November, letting you build your journalism empire on the shoulders of the Mafia

by admin August 17, 2025



Playing a game about being in the newspaper business sounds a bit like a busman’s holiday to me, though with News Tower being set in the 1930s, at least the bus won’t be at constant risk of breaking down or steering into a ravine.

In any case, I’m always up for a new spin of the management sim, and that goes double when your managerial duties also involve dealing with the Mafia. Such criminal complications is one of several new features News Tower will add when it publishes its 1.0 edition this November.

News Tower sees players don the waistcoat of a newly minted media mogul aiming to seize control of Noo Yoik Ciddy through the power of print. Starting with just your own willpower and, er, an entire skyscraper at your disposal, you’ll build a functioning newsroom by hiring journalists and photographers, assigning them leads, and assembling your paper article by article before sending it off the presses every Sunday.


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But News Tower is about more than what happens in the newsroom. Your magnate’s goal is to have total oversight of what the city reads. Your news tower exists in a larger overworld map where you can attempt to push two rival papers—The Jersey Beacon and the Empire Observer—out of other regions and claim their readers for yourself.

The 1.0 version will bring several extra layers to this. Within your tower, the perception system allows you to define your paper’s editorial voice, choosing between informational, moderate, or sensationalist styles. This decision will affect how readers view your paper, and enable you to boost your sales in as-yet unspecified ways.

News Tower – Release Date Announcement – YouTube

Watch On

In the streets, meanwhile, there are two new mechanics at play. The first is that competition system I already referred to, though there’s a lot more to it than what I summarised. Your competitors only appear once you already control a sizeable chunk of New York, which you achieve by rolling out your paper into new districts on a weekly basis.

Once your rivals appear, you can choose either to prioritise empty districts, or muscle in on a competitor’s turf. If you opt for the latter, this will trigger a journalistic scuffle over that region’s news, with both papers competing over time-sensitive stories and one-off scoops that can be nabbed by a carefully placed reporter.

Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.

Beyond this, News Tower’s release version will also introduce a faction system. Here, you can align your paper with one of several non-media organisations in the game. These are the mayor’s office, the military, high society, and the Mafia.

Developer Sparrow Night hasn’t explained this in as much detail as the competitor system yet, but it appears more narrative focused, with set quests you can take on to build your reputation with a given faction. Those objectives might oppose the interests of another faction, though, so you’ll need to choose your allies (and your enemies) carefully.

News Tower leaves early access on November 4. Alexander Chatziioannou proof-read the alpha version in February last year, and found its approach to building a virtual paper to be both characterful and smartly implemented. “Sparrow Night has come up with an array of unexpected flourishes and tactical dilemmas inject considerable depth into the process, meaningfully interweaving individual assignments with the overall progress of your organisation.”

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August 17, 2025 0 comments
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Esports

Wrexham legend Paul Mullin leaves club on season-long loan deal

by admin June 24, 2025



Jun 23, 2025, 02:44 PM ET

Paul Mullin, the poster boy of a Wrexham team soaring through England’s football leagues following their takeover by Hollywood celebrities, has left the club to join League One side Wigan on a season-long loan deal.

“I’m excited for the next part of my story,” Mullin told Wigan’s official website on Monday. “I’ve scored a lot of goals over the last few years, but more than anything, I give my absolute all for the club that I’m playing for, and I’m going to do that again with Wigan.”

Wigan said the loan deal was subject to the approval of the English Football League and the Football Association, and international clearance.

Mullin helped Wrexham become the first team in the history of English football’s top five divisions to secure three successive promotions, and there is a giant mural of the 30-year-old striker in the center of the city.

Paul Mullin played a key role in Wrexham’s rise from the wilderness of English football. Matthew Ashton – AMA/Getty Images

He formed such a close bond with Ryan Reynolds, one of the club’s owners, that he even appeared in the last “Deadpool” movie.

But Mullin, who had been Wrexham’s player of the season in each of the three previous years, was only a bit-part performer when the team won promotion to the second tier last season.

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It was a sudden turn of events for a player who has had a leading role in the popular “Welcome to Wrexham” fly-on-the-wall documentary created by Reynolds and Rob McElhenney to follow their progress as rookie soccer club owners.

McElhenney once hailed Mullin as “one of the greatest football players in the world.”

Mullin has scored 110 goals in 172 games for Wrexham.



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June 24, 2025 0 comments
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XRP Leaves Solana in Dust Amid This Metric Surge: Details
GameFi Guides

XRP Leaves Solana in Dust Amid This Metric Surge: Details

by admin June 13, 2025


XRP is gaining traction, pulling ahead of Solana (SOL) in terms of change in realized cap, a metric that takes into account the price at which each coin was last moved, crucial for estimating the global wealth stored in the asset.

According to blockchain analytics firm Glassnode, XRP’s 30-day percentage change in Realized Cap has hit +4.2%, far outpacing Solana’s modest +1% gain.

The outperformance, according to Glassnode, might imply that capital is rotating faster into XRP, signaling renewed short-term conviction from investors and traders alike.

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While Solana has recently enjoyed attention due to the potential of a spot ETF and consistent developer growth, the current on-chain data reveals that XRP is quietly regaining favor among market participants. The relatively flat +1% growth in SOL’s realized cap suggests a pause or consolidation in momentum, while XRP’s rise might signal that traders are increasingly betting on XRP’s upside in the short term.

XRP, SOL: What’s happening?

XRP, which is now trading around $2.13, is gaining attention for its increasing inclusion in corporate treasuries. Webus International ($300 million), VivoPower ($121 million) and Wellgistics ($50 million) have together set aside more than $470 million in XRP for treasury strategies.

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The most recent announcement comes from Trident, a Nasdaq-listed software company based in Singapore, which intends to raise $500 million for its XRP treasury strategy.

In separate XRP news, the SEC and Ripple have jointly filed a motion to dissolve the injunction in their case and discharge the $125 million civil penalty.

Solana, meanwhile, has recently benefited from solid network fundamentals and ETF optimism. SOL is down for the third day in a row, following a five-day gain that peaked at $168 on June 11.

At press time, SOL was down 9.45% in the last 24 hours to $145 amid a broader market sell-off that had resulted in $1.18 billion in liquidations.



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June 13, 2025 0 comments
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GameFi Guides

Binance Exec Tigran Gambaryan Leaves Firm, Months After Nigerian Hostage Crisis

by admin June 7, 2025



In brief

  • Binance investigtions lead Tigran Gambaryan left the company on Friday to explore other job opportunities.
  • He is looking for opportunities in the private or public sector, continuing his work in technology compliance.
  • Nigerian authorities detained Gambaryan for eight months in 2024.

Binance Head of Financial Crime Compliance Tigran Gambaryan is departing the crypto exchange where he spent four years investigating illicit finance and cybercrimes, he said Friday in a Linkedin post, just a few months after escaping a harrowing eight-month-long detention in Nigeria. 

In the social media post, Gambaryan, a former IRS agent, shared that he is on the lookout for “new challenges.” He intends to pursue job opportunities in the public sector or at a mission-driven institution in the private sector, according to the post. 

“I’ve done all that I can at Binance, and need to refocus my time and efforts towards new challenges,” Gambaryan wrote Friday.

The executive did not immediately respond to Decrypt’s request for additional comment on his departure.  

Gambaryan joined Binance in 2021, building a team of roughly 100 former prosecutors, federal agents and other law enforcement experts to “align Binance more closely with U.S. and international enforcement standards,” he said. Under his leadership, the trading platform responded to more than 57,000 law enforcement requests. 

Gambryan’s departure marks the latest of several leadership changes at the world’s largest crypto exchange by daily trading volumes. 



In  2023, Binance founder and former CEO Changpeng “CZ” Zhao stepped down from his post as part of a plea deal with U.S. authorities over anti-money laundering law violations and international sanctions breaches, among other legal skirmishes. Around that time, several other executives split from the trading platform, including former chief strategy officer Patrick Hillmann and former senior vice president of compliance Steven Christie. 

In total, at least 16 Binance executives have parted ways with the global trading firm over the past two years. 

Their departures came ahead of the appointment of CZ’s successor—Binance CEO Richard Teng’s appointment. Under Teng, a former regulator, the crypto exchange has cultivated a more buttoned-up, corporate culture, marking a total about-face from its shadowy roots.  

Gambaryan graced national and international headlines in 2024, when Nigerian law enforcement detained him on a series of allegations related to his role at Binance. However, the executive secured his release from prison last fall, after his health deteriorated during his confinement.

He has since represented Binance at several crypto conferences, recounting his ordeal in Nigeria. 

“There’s a growing need for trusted, experienced operators, people who understand how to translate between technology, enforcement, and compliance, “Gambaryan said in his post. “That’s where I intend to continue making a difference.”

Edited by James Rubin

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June 7, 2025 0 comments
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Mark Rubin leaves Ubisoft, XDefiant officially shuts down
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Mark Rubin leaves Ubisoft, XDefiant officially shuts down

by admin June 5, 2025


Ubisoft’s Mark Rubin has announced his departure from the company as its live service shooter XDefiant is officially sunsetted.

Rubin, who was executive producer on the title, shared he was leaving the developer on social media.

“I’ve decided to leave the industry and spend more time with my family, so unfortunately you won’t be hearing about me making another game,” he wrote.

“I do care passionately about the shooter space and hope that someone else can pick up the flag that I was trying to carry and make games again that care about the players, treat them with respect, and listen to what they have to say.”

Ubisoft announced it would be shutting XDefiant down last December.

Mark Rubin

Two production studios were closed as a result, and nearly 300 employees were affected by layoffs.

Ubisoft’s chief studios and portfolio officer Marie-Sophie de Waubert cited the game being “too far away from reaching the results required to enable further significant investment” as the reason for XDefiant going offline.

In October 2024, Rubin dismissed reports that XDefiant was on its way to being sunsetted. He said he’d been in meetings about potential plans for the game’s second season, and that the team were focused on improving the experience and adding more content.

However, in his recent post on social media, he highlighted the issues that arose during development which led to XDefiant’s downfall.

These included “crippling tech engine debt using an engine that wasn’t designed for what we were doing” and not having “the engineering resources to ever correct that.”

He also said that “not having the right resources to make content for the game” also impeded development.

“I can say everyone’s (devs, HQ leadership, etc.) heart was in the right place, but we just didn’t have the gas to go the distance for a free-to-play game,” he explained. “I really want to praise and salute all the devs that worked on XDefiant.

“The cards were heavily stacked against you, but you managed to produce a really fun and terrific game.”

Rubin continued: “I also think we made a decent impact in the space. We saw a lot of reactions from other games to what we were doing and to me that speaks volumes. I’m really sorry we couldn’t quite deliver and maintain this game for a longer time.”



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June 5, 2025 0 comments
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Target Leaves 20 Switch 2 Consoles In A Cage On Store Floor
Game Updates

Target Leaves 20 Switch 2 Consoles In A Cage On Store Floor

by admin May 28, 2025


Nintendo’s next big console, the Switch 2, is set to arrive on store shelves in just 10 days. So it’s not surprising to see photos showing dozens of Switch 2 consoles sitting in store warehouses and back areas. However, I wasn’t expecting a bunch of Switch 2 consoles to be sitting in a metal cage in the middle of a Target already.

Nintendo Switch 2 Could Launch With Almost No Reviews

The $450 Nintendo Switch 2 launches next week on June 5. After years of rumors and leaks and more rumors, it’s nearly time to actually buy one of these consoles and start playing around with $80 games like Mario Kart World. So, with launch right around the corner, the consoles themselves have to be making their way to stores in time for players to pick them up next week. Thanks to Redditors and retail employees, we now have photo evidence that Switch 2 consoles are indeed arriving at big-box stores. And apparently, at least one Target has left some Switch 2 consoles sitting in a cage in the middle of the store.

On May 26, YouTuber Jake Randall posted a photo that appears to show 20 or more Switch 2 consoles sitting inside a metal cage on wheels inside a Target. Based on the items near the cage, it seems this Target has left the consoles locked up in the electronics department between some phones and TVs.

This Target seems to be begging someone brave (and stupid) with wire cutters to show up and snag a few Switch 2 consoles. Or just push the whole cart, which is on wheels, out of the store. Throw on a red shirt, name badge, and khaki pants, and you might be able to pull off an Ocean’s 11-like heist.

Elsewhere, someone on Reddit allegedly shared some photos of Switch 2 consoles and games located in the back storage area of a Target. There are quite a few Switch 2 consoles back there, but I bet they’ll be gone in minutes on June 5. Another post showed Switch 2 consoles in a metal cage, similar to the one mentioned above, but was later deleted.

So yeah, Switch 2 consoles and games are now sitting inside retail stores like Target and Walmart. That means it’s very likely that a few of these have probably already been swiped by people or have “accidentally” gone missing. I wouldn’t be shocked if, in the next few days or so, we see some leaked footage of Switch 2 games running on consoles that slipped out the door before June 5.

.



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May 28, 2025 0 comments
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