PakGazette: PakGazette brings you the three most important news of the last day.
$124,788,255 in the stock market astonishes Binance, the largest exchange in the world
A recent report from the Whale Alert The deposit was traced to an anonymous wallet; However, data shared by Bithomp suggests that it may have been an internal transfer within Binance. The crypto community reacted positively to the move, considering it a bullish indicator. Meanwhile, XRP appears to be taking advantage of the king cryptocurrency’s recent all-time high; The Ripple-affiliated token rose more than 12%, rising from $2.92 to a high of $3.29. At the time of writing, XRP is changing hands at $3.13, down 4.82% in the last 24 hours, according to CoinMarketCap.
The SEC now has a new interim chairman
According to whitehouse.gov, Republican SEC Commissioner Mark Uyeda has been named the agency’s new acting chairman. This follows the departure of Gary Gensler, who led the SEC since 2021. Hester Peirce, another Republican commissioner, publicly congratulated Uyeda on his new role. “Congratulations to our new interim president, Mark Uyeda,” he wrote in his X post. Paul Atkins, CEO of Patomak Global Partners (NYSE:), was appointed to replace Gensler last year. However, Atkins must still be confirmed by the Senate. Uyeda has criticized the SEC’s “regulation by enforcement” approach during Gensler’s tenure, describing it as a “disaster” for the crypto industry.
Top Bitcoin Advocate Samson Mow Sees “God Candle” As BTC Price Hits ATH
The broader crypto market experienced turbulence following the recent price movements of Bitcoin and several major altcoins. Following these developments, Samson Mow, CEO of JAN3 and prominent BTC advocate, took to the X platform to highlight an important indicator on the flagship cryptocurrency’s chart, known as the “God Candle.” In recent weeks, when Bitcoin price traded in a consolidation channel below $98,000 before breaking out, Mow has consistently claimed that Bitcoin was undervalued. Yesterday, Bitcoin finally broke out, reaching a new all-time high of $109,114.88. This notable rise occurred in 24 hours, from a low of $99,471.36 amid a 5% rally. However, at the time of writing, Bitcoin has pared its gains, falling 4.02% in the last 24 hours to $103,253.
