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  • Crypto Whale Moves 8,884 Bitcoin to Coinbase As BTC Breaks Resistance – Plus Ethereum, Ripple and XRP, Litecoin, Stellar

Crypto Whale Moves 8,884 Bitcoin to Coinbase As BTC Breaks Resistance – Plus Ethereum, Ripple and XRP, Litecoin, Stellar

June 26, 2019

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From trepidation over a big Bitcoin transfer to the expansion of Grayscale Ethereum Trust, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

Crypto whale watchers are setting their sights on a huge Bitcoin transfer from an unknown wallet to the crypto exchange Coinbase.

The whale moved 8,884 BTC worth about $101.5 million, leading traders to wonder if the holder in question plans to sell some of their holdings on the open market. But so far since the transfer, the price of BTC has continued to rise to a 2019 high of about $12,255 at time of writing, indicating the fears may be unwarranted.

On June 4th, a crypto whale was blamed for triggering a market sell-off after moving 25,160 BTC to Coinbase just before the price of BTC dropped.

In the last 24 hours, whales have moved a total of 32,006 Bitcoin worth roughly $364 million at time of transfer, with 11,041 BTC sent from unknown wallets to crypto exchanges.

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Ethereum

The world’s largest cryptocurrency asset manager has officially opened its Grayscale Ethereum Trust to trading on over-the-counter (OTC) markets.

Accredited and institutional investors can now buy and sell unregistered Grayscale Ethereum Trust shares the same way they would invest in other unregistered OTC securities using symbol ETHE.

We are pleased to share that trading has commenced for our 3rd publicly-quoted product, Grayscale $ETH Trust, symbol ETHE https://t.co/2eYuLvWGy0

— Grayscale (@Grayscale) June 20, 2019

Ripple and XRP

Crypto whale watchers are tracking a sale of XRP from Ripple’s over-the-counter (OTC) distribution wallet.

The company transferred 10 million XRP worth $4.6 million to an unknown wallet, which indicates the company sold the XRP to an unnamed institution. Ripple owns more than half of all XRP in existence, with most of its holdings locked in escrow.

10,000,000 #XRP (4,654,176 USD) transferred from Ripple OTC Distribution wallet to unknown wallet

Tx: https://t.co/nGxcbp5Wri

— Whale Alert (@whale_alert) June 25, 2019

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Litecoin

Litecoin’s halving is now 40 days away, according to a countdown clock from CoinGecko.

The Litecoin block reward for miners will decrease from 25 to 12.5 coins, a difference in value from about $3,542 to $1,726, according to current market prices.

Stellar

The Stellar-based micropayments platform SatoshiPay has partnered with the global non-profit journalistic platform FairPlanet.

Users on FairPlanet can now donate Stellar (XLM) through any article using SatoshiPay to help the non-profit organization continue its mission to support independent journalism.

Very excited to officially announce our collaboration with @SatoshiPay which allows our readers to give blockchain micro-donations in #Lumens. Read more and get your first 100 lumens from @StellarOrg on our website! https://t.co/hKWIGo9tFY pic.twitter.com/JE391XKzEy

— FairPlanet (@fairplanet) June 24, 2019

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.