Press Releases Daily TheBitTimes.com

Binance experienced a rapid Bitcoin (BTC) withdrawal worth $150 million across five transactions in one minute, all recorded in the same block.  According to the blockchain tracker Whale Alert data, there were five major Bitcoin withdrawal s worth 5,729 BTC (approximately $150 million) from Binance within a minute. All five transactions were included in block 804522. These withdrawal s could indicate several factors, including security, investment strategy, or preparation for a major transaction. Major transfers from Binance | Source: Whale Alert The movement of such a large quantity of Bitcoin usually indicates that a significant whale holder has decided to move their assets off the exchange. Binance has encountered several challenges throughout the past month. On Aug. 24, the leading exchange stopped its debit card services in the Middle East and Latin America. Moreover, Mastercard has also ended its partnership with the exchange. Such a large-scale transfer could indicate th...

Shiba Inu (SHIB) witnesses a decline in whale activity as the whale transaction count drops drastically amid consolidation above the $0.000008 mark. The recent decline persists despite a slight uptick in the 24-hour burn rate. Per data provided by the market intelligence platform Santiment, whale transactions involving Shiba Inu tokens worth at least $100,000 have been low over the past four weeks. Although these transactions have not recorded substantial drops within this timeframe, they remain at the lower spectrum, with a current 24-hour count of 12. SHIB price and whale transactions | Source: Santiment In addition, SHIB whale transactions valued at $1 million or more have observed a similar unfavorable trend with a more discouraging pattern. Notably, these transactions worth at least $1 million have declined since the market witnessed noticeable spikes in mid-July. You might also like: Shiba inu (SHIB) burn rate soars 393% despite recent drop It’s important to not...