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4 hours ago

PayPal expands PYUSD stablecoin to Arbitrum, joining Ethereum and Solana, as Citigroup eyes its own stablecoin, fueling crypto momentum amid debates on stablecoins' rising influence versus Bitcoin.

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Bitcoin OG Whale Moves 40,000 BTC To Galaxy, Triggering Market Shock

NewsBTCWednesday, July 16, 2025 at 3:30:25 AM
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Bitcoin OG Whale Moves 40,000 BTC To Galaxy, Triggering Market Shock
A mysterious Bitcoin whale—someone who's held a massive stash since 2011—just woke up and moved half their fortune (40,009 BTC, worth about $4.68 billion) to Galaxy Digital, a major crypto trading firm. The sudden transfer sent shockwaves through the market, especially since the wallet had been dormant for over a decade. Galaxy then funneled a chunk of it ($706 million worth) straight to Binance, hinting at possible selling pressure.
Editor’s Note: This isn’t just another big crypto transaction—it’s a relic from Bitcoin’s early days suddenly coming to life. When a long-dormant whale moves coins, it rattles traders because it could signal a major sell-off or strategic shift. Given Galaxy’s quick move to Binance, the market’s bracing for potential downward pressure. For crypto watchers, it’s a reminder of how fragile prices can be when OG holders decide to cash out.
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