A major Bitcoin whale has made a significant move, adding $200 million worth of Bitcoin to its holdings after selling over 11,400 BTC in recent months. This comes as Bitcoin experiences a rebound in price.
Despite some sales in February, the whale now holds over 15,000 BTC, valued at more than $1.3 billion. The whale started buying Bitcoin again after selling some when its price was between $100,000 and $86,000 in February. Bitcoin’s price was over $104,000 on February 1 but fell to around $78,940 by February 28.
ARKHAM ALERT: BILLIONAIRE BITCOIN WHALE APPEARS TO HAVE JUST BOUGHT $BTC
A $1B Bitcoin Whale just withdrew $200M of BTC this morning from Binance.
He started acquiring BTC 5 days ago after selling between $100K and $86K in February.
Bitcoin has seen significant price fluctuations recently. Over the past week, it has been trading between $81,000 and $88,000. On March 24, it experienced a 3% surge, pushing its value further away from the $76,900 low it hit on March 11.
Another Whale Moves 3000 BTC
At the same time, another Bitcoin whale has reawakened after eight years of inactivity, moving over 3,000 Bitcoin, valued at $250 million, in a single transaction on March 22.
Arkham Intelligence revealed in a post that the Bitcoin whale’s holdings have grown significantly, from a modest $3 million in early 2017 to a massive $250 million today. This stack of Bitcoin has been held in a single address for over eight years.
BlackRock Stacks Up More BTC
BlackRock, the world’s largest asset manager with approximately $11.6 trillion in assets, has been accumulating Bitcoin over the past week, according to Arkham Intelligence. The firm purchased 4,054 additional Bitcoin across 15 transactions, bringing its total holdings to 573,878 Bitcoin, worth over $50 billion, according to Bitbo’s Bitcoin treasury tracker.
BLACKROCK IS BUYING.
BLACKROCK JUST RECEIVED $100M $BTC FROM COINBASE PRIME
Additionally, BlackRock’s iShares Bitcoin Trust (IBIT) led a surge in Bitcoin spot ETFs in the U.S., reversing a five-week streak of outflows with a net inflow of $744.4 million. The majority of this came from BlackRock’s iShares, which brought in $537.5 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $136.5 million.
Ether Whales Also Show Activity
An Ether whale added 7,074 ETH, worth $13.8 million, to their holdings on March 21. Ether’s price has being trading 57% lower than its peak in November 2021, trading between $1,876 and $2,097. Despite this, Ether’s open interest reached a new all-time high, and the number of addresses holding at least $100,000 in Ether has been steadily increasing.
Cryptocurrency exchange Binance has once again turned investors’ heads with its latest update on the DeepBook token. The centralized exchange giant announced that it is launching a USD-Margined perpetual contract for the abovementioned crypto this Tuesday.
DEEP coin’s price thus reacted by promptly extending its intraday gains to over 30%. DeepBook is a decentralized central limit order book (CLOB) built on Sui, with the protocol’s native token currently sitting at $0.1255 after witnessing gains.
Binance made an announcement on April 22 stating that it is launching the DEEPUSDT perpetual contract at 08:30 UTC. The platform’s massive user base can partake in this trade offering, enjoying up to 50x leverage while futures trading.
Primarily, the exchange has unveiled this new listing for its users as it looks to expand the choices offered on the platform, thereby magnetizing more market participants. In turn, the platform constantly cements its ranking as one of the top crypto exchanges across the globe.
The capped funding rate for DEEPUSDT perpetual contract was set at +2.00% / -2.00%. Further, the same pair will also be available for “Futures Copy” trading. This offering allows inexperienced traders to copy experienced traders’ investment portfolios to capitalize on returns, thereby paving the way for more market interaction with the asset.
CoinMarketCap’s data revealed that DEEP token’s trading volume also reacted positively, surging 1639% to $268.52 million. At the time of reporting, DeepBook’s price surged from a 24-hour bottom of $0.08707 to even hit $0.1827 briefly. This significant uptrend emerges in sync with Binance’s announcement, underscoring the exchange’s massive influence over an asset.
However, the announcement also notified users that the perpetual contract remains subject to changes based on market risk factors. Crypto market traders and investors are currently keeping the coin on their radars, awaiting clear signs about future actions before investing.
In another similar chronicle, CoinGape reported that Binance opened trading for Balance (EPT) crypto. However, EPT price has crashed nearly 73% despite major support from a CEX titan. In the wake of this saga, market participants exercise caution surrounding DEEP price prospects as well.
The Middle East and North Africa (MENA) region is quickly becoming a notable force in the push for global crypto adoption. With growing participation from institutions and enterprises and supportive regulations for Web3 technology, MENA is set to expand its impact.
BeInCrypto interviewed Stephan Apel, CEO of Outlier Ventures, to explore the characteristics of these tech-driven economies and their anticipated innovations.
Web3 Adoption and Market Growth
MENA has emerged as a significant center for Web3 development, facilitated by a combination of demographic, technological, and cultural factors. The region’s entrepreneurial spirit has also fostered an environment conducive to the adoption of decentralized technologies.
“The MENA market has set a standard for adopting next-gen technologies and using them to boost their economic transformation. This is especially true for Web3 technologies— the region recognised their potential early on, offering the resources needed for these projects to scale and thrive on both regional and global levels,” Apel told BeInCrypto.
Consequently, the region is witnessing an increase in startups, investors, and developers exploring Web3 and its diverse applications.
A 2024 Chainalysis report revealed that MENA was the seventh biggest crypto market worldwide. From July 2023 to June 2024, the region saw $338.7 billion in online crypto transactions, representing 7.5% of all crypto transactions globally.
Share of all cryptocurrency transaction value by region. Source: Chainalysis.
Notably, Turkey and Morocco ranked among the top 30 countries globally in crypto adoption. Turkey secured the 11th spot, while Morocco ranked 27th. These nations alone accounted for $137 billion and $12.7 billion in received cryptocurrency value, respectively.
Furthermore, the MENA region’s crypto activity is predominantly driven by institutional and professional players, as a substantial 93% of all value transferred involves transactions exceeding $10,000.
Meanwhile, Gulf Corporation Council (GCC) members have distinguished themselves through their ambitious technological initiatives.
MENA’s Strategic Shift Towards AI
The onset of artificial intelligence (AI) has prompted governments and businesses within the Middle East to acknowledge the global trend towards related advanced technologies. Countries like Qatar, Saudi Arabia, and the United Arab Emirates (UAE) are considering their strategic position concerning this technological transformation.
According to a report by PricewaterhouseCoopers (PwC), AI could contribute up to $15.7 trillion to the global economy in 2030. The consulting firm predicts that the Middle East will bring 2% of the total global benefits, equal to $320 billion.
MENA’s pioneering role in AI development. Source: PwC.
The PwC report also indicates that Saudi Arabia will see the largest absolute gains from AI by 2030, with an estimated US$135.2 billion added to its economy, or 12.4% of GDP. In terms of GDP percentage, however, the UAE is expected to see the greatest impact, approaching 14% of its 2030 GDP. Meanwhile, for GCC states Bahrain, Kuwait, Oman, and Qatar, AI is expected to contribute 8.2% of their GDP.
Given the region’s latest initiatives and investments in AI innovation, these numbers come as no surprise.
Saudi Arabia’s AI Development Initiatives
In 2016, the Saudi Arabian government launched Vision 2030, a program to promote economic, social, and cultural diversification. Integral to this vision is a strategic shift towards artificial intelligence and data-driven innovation, a key component of the nation’s economic diversification efforts.
Saudi Arabia is making notable advancements in AI. The country aims to reduce its reliance on oil by developing advanced technology sectors through targeted investments, infrastructure development, and workforce training.
“Fueled by its Vision 2030 initiative, Saudi Arabia has already created a thriving startup ecosystem, dedicated significant investment in emerging technologies,and designed policies to attract global talent and entrepreneurship,” Apel told BeInCrypto.
The Saudi Data and Artificial Intelligence Authority (SDAIA) spearheads Saudi Arabia’s push into artificial intelligence, shaping and implementing the country’s national data and AI strategy. The National Data Bank is a cornerstone of their efforts. It is designed as a central hub for data access and analysis, facilitating AI applications across public and private sectors.
Last November, Saudi Arabia also unveiled Project Transcendence. The $100 billion investment initiative focuses on accelerating the integration of AI and advanced technologies.
Similar to its neighbor, the UAE has actively pursued AI adoption.
UAE’s AI Strategy and Investments
In 2017, the UAE launched its National Strategy for Artificial Intelligence, which aims to make the country a global leader in the field by 2031. The UAE AI and Blockchain Council oversees this strategy, which impacts sectors like education, energy, and tourism.
The UAE is already reaping the benefits of its AI initiatives. In April, Microsoft announced a $1.5 billion investment in G42, an Abu Dhabi-based technology holding company. G42 is known for its data centers and the development of Jais, a leading Arabic-language AI model.
In September, G42 and Nvidia partnered to create AI-driven solutions for improved weather forecasting. The collaboration aims to advance climate-related technologies by using Nvidia’s Earth-2 platform, which enables AI-augmented climate and weather simulations.
Three months later, Abu Dhabi-based global technological ecosystem Hub71 partnered with Google to boost startup growth in the UAE. This collaboration will bring Google’s “Google for Startups” program to Abu Dhabi, including a dedicated accelerator for Hub71 startups in 2025.
He also drew attention to the planned convergence of AI and Web3 technologies in these prominent regions.
Convergence of AI, Web3, and IoT
Integrating the Internet of Things (IoT), blockchain, and AI technologies is gaining traction among businesses in the Middle East. By combining these technologies, organizations can access new avenues for growth, increase efficiency, and create novel user experiences.
In 2018, the Dubai Airport Freezone Authority launched Dubai Blink, a platform that integrates AI, blockchain, and virtual licenses to facilitate global trade. This system enhances supply chain innovation through ‘smart commerce’ by expediting trade with a unified online platform. Furthermore, it addressed the cumbersome process of supplier identification by using AI algorithms to streamline and accelerate the validation process.
Ultimately, MENA’s proactive approach to technological advancement, coupled with its strategic focus on Web3 and AI, signals a future where the region will be a pivotal architect in shaping the digital economy.
The CEX behemoth Binance has recently expanded support for FET & RENDER tokens, capturing noteworthy attention among crypto market participants globally. Via an official announcement on Monday, April 28, the crypto exchange revealed new trading bots services for the abovementioned crypto. This new trade offering paves the road for further investor interaction with these assets. In response, crypto market watchers remain highly optimistic about the coins’ future price actions, as the new offerings could bring more funds inflow to the coins.
Binance Spot Adds New Trading Bots Services For FET & RENDER
Binance’s latest press release revealed that “Spot Grid and Spot DCA” services for the following trading pairs will commence starting April 29 at 08:00 UTC:
FET/USDC
RENDER/USDC
The top-ranking crypto exchange further added that this trade offering comes to enhance its platform’s colossal user base experience. However, the announcement also added that these pairs remain subject to trading based on the user’s country or region of residence.
As of now, users residing in the following regions will be unavailable to partake in this offering:
Canada
Cuba
Crimea Region
Iran
Netherlands
North Korea
Syria
The U.S. and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands)
Any non-government-controlled areas of Ukraine.
Besides, Binance added that users in the EEA (European Economic Area) should be wary while trading these assets, given the new MiCA stablecoin norms that kicked in recently. Particularly, EEA users remain poised to seamlessly trade in USDC, whereas USDT and other stablecoins remain impacted due to the new norms.
Nevertheless, the new trading bots offering for the abovementioned crypto soon gained popularity amid a broader bullish market. Traders and investors may look to capitalize on such new trade offerings as crypto prices showcase the potential for a rally amid a market pump.
While Bitcoin & Ether prices have rallied nearly 7-9% weekly, FET & RENDER prices also showcased potential for bullish price actions ahead. Although RENDER price saw a slight 1% dip over the week, resting at $4.42, the AI coin also managed to hit a high of $4.73, per CoinMarketCap data.
Conversely, FET price has pumped by a remarkable 23% over the week, resting at $0.7373. Traders and investors continue to thoroughly monitor these crypto, expecting a bullish price shift amid broader trends and Binance’s support.
