Whales Abruptly Move Over $420,000,000 in XRP, Binance Coin, Polygon and Curve – Here's Where the Crypto's Going

Crypto whales are abruptly moving hundreds of millions of dollars worth of XRP, Binance Coin (BNB), Polygon (MATIC), and Curve (CRV). New data from what-surveying platform Whale Alert shows that deep-pocketed crypto investors have been shifting their altcoins to and from unknown crypto wallets and crypto exchange platforms.

Timeline of Bnb, Polygon, Xrp

Polygon and Uquid in a recent statement announced their partnership aimed at utilizing DeFi and Web3 in all facets of e-commerce. The development serves as a big growth step by the firms in developing Web3 space.

Over the past seven days, mid-cap altcoins have outperformed large-cap and small-cap tokens by some margin compared to Bitcoin. The post Mid-cap tokens outperform Bitcoin over past 7 days as BNB hits 6% market dominance appeared first on CryptoSlate.

The XRP price could break out from a short-term resistance level in the near future, accelerating its rate of increase toward $0.47. The post Why the Future Is Looking Bullish for Ripple (XRP) Price appeared first on BeInCrypto.

Binance's insurance fund for users holds a suspiciously high amount of the exchange's own token, according to one analyst. The post Binance SAFU Fund Suspiciously Risky With 44% of Holdings in BNB appeared first on BeInCrypto.

Binance Coin price is up slightly over 10% this week, following a mid-week crypto relief rally. The native exchange token is the fourth-largest cryptocurrency, boasting $48 billion in market capitalization.

The global crypto market cap dropped by around 2% over the past day as top coins like Bitcoin (BTC) and Ethereum (ETH) printed red indexes. Meanwhile, XRP has managed to decouple from the ongoing trend of the market.

After undergoing a sharp decline, XRP bulls are propelling the asset to embark on a new rally, even as the general cryptocurrency market sentiment remains uncertain. Indeed, XRP's ongoing surge comes as the token's parent company Ripple continues to record minor wins from a legal perspective.

XRP price is surging, decoupling from the entire crypto space. Marking more than 8% gains since the early trading hours, the price now aims to reclaim the levels above $0.45 at the earliest.

Popular on-chain analyst Willy Woo raised concerns over Binance's Secure Asset Fund for Users (SAFU) Insurance Fund. He believes it's not safe to put “incidence-correlated BNB” in the SAFU fund.

Binance's industry recovery fund has already attracted some big names, with the fund expected to operate for about 6 months. The post Jump Crypto, Polygon Ventures, GSR contribute to Binance's $1 billion recovery fund appeared first on The Block.