Pakinomist – Pakinomist presents you with the three best news of the past 24 hours.
$124,788,255 in stuns the world’s largest exchange Binance
A recent report from the Whale Alert X account shows that yesterday, January 20th, a significant XRP deposit of 40,000,000 tokens worth approximately $124.8 million hit the Binance exchange. The deposit was traced back to an anonymous wallet, but data shared by Bithomp suggests it may have been an internal transfer within Binance. The crypto community reacted positively to the transfer, viewing it as a bullish indicator. Meanwhile, XRP appears to be riding on the royal crypt’s recent all-time high; the Ripple-linked token surged over 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% over the last 24 hours, per CoinMarketCap.
The SEC now has a new acting 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 through 2021. Hester Peirce, another Republican commissioner, publicly congratulated Uyeda on his new role. “Congratulations to our new Acting Chairman Mark Uyeda,” she wrote in her X post. Paul Atkins, CEO of Patomak Global Partners (NYSE: ), was named to replace Gensler last year. However, Atkins has yet to be confirmed by the Senate. Uyeda has been critical of the SEC’s “regulation through enforcement” approach during Gensler’s tenure, describing it as a “disaster” for the crypto industry.
Top Bitcoin Advocate Samson Mow Spots “God Candle” As BTC Price Hits ATH
The broader crypto market experienced turbulence following the recent price movements of Bitcoin and several top altcoins. Following this development, Samson Mow, CEO of JAN3 and prominent BTC advocate, has taken to the X platform to highlight a key indicator on the flagship crypto’s chart, referred to as the “God Candle”. For the past few weeks, as the price of Bitcoin traded in a consolidation channel below $98,000 before breaking out, Mow has consistently argued that Bitcoin was undervalued. Yesterday, Bitcoin finally broke out and hit a new record high of $109,114.88. This remarkable rise occurred within 24 hours, rising from a low of $99,471.36 amid a 5% rally. At the time of writing, however, Bitcoin has pared its gains, changing hands down 4.02% over the past 24 hours to $103,253.
