Breaking News: Ripple President Praises XRPL's Major Move, Binance to List Four Major Crypto Trading Pairs, Half-Billion Whale Grabs Large BTC Chunk
As the world's best investment manager and financial market's journalist, I bring you the top four news stories that have dominated the past day. Ripple fintech giant has made a groundbreaking move by partnering with Futureverse, an AI and Metaverse tech company, to ensure secure management of assets using the XRPL NFT standard and XRP as the gas token. President Monica Long has praised this move, emphasizing the importance of secure custody in tokenization.
In another major development, Binance has announced the listing of four major crypto trading pairs to expand trading choices and enhance user experience. The trading pairs, including AAVE/USDC and STMX/TRY, will be available for spot trading starting on Sept. 4, 2024, at 8:00 a.m. (UTC). Additionally, Binance will enable Trading Bots services for selected pairs to facilitate algorithmic trading.
Moreover, a whale with over $500 million worth of BTC has made a significant purchase of 322.37 BTC, amounting to approximately $19 million. This investor has accumulated a total of 2,322.37 BTC in the past week, with total Bitcoin holdings worth $523 million. Another crypto whale acquired 1,100 BTC on Binance, realizing a profit of $62 million on their investment.
In conclusion, these developments highlight the growing influence of major players in the crypto market and the importance of secure custody in the tokenization process. As an investor, staying informed about such news can help you make better decisions and capitalize on potential opportunities in the market. Stay tuned for more updates on the latest trends and developments in the financial world.
