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Kraken is considering nuclear energy to power its data centers. The move comes amid expected growth in decentralized finance (DeFi) and increased demand for its services. Vishnu Patankar, Kraken's chief technical officer, revealed this in an exclusive interview with CoinDesk. The company is not planning to build its own reactors. Instead, it's exploring partnerships with energy providers using small modular reactors (SMRs). SMRs can be co-located with data centers. They aren't constrained by space or weather conditions. "With institutions moving into the crypto asset class and activity moving on-chain, the need for reliable fiat onramps continues to grow," Patankar said. He emphasized the importance of energy resiliency for supporting crypto ecosystem growth. The crypto exchange aims to secure its energy supply. This is in response to surging demand from artificial intelligence (AI) and high performance computing (HPC) firms. These sectors are altering the power stability landscape. Kraken is investigating nuclear power options in North America and Europe. Patankar noted the constant energy demand due to crypto's round-the-clock, global nature. The company's exploration aligns with a broader trend. More tech companies are seeking deals with nuclear operators to power AI-focused data centers. This was reported by The Wall Street Journal on Tuesday. Some bitcoin miners are shifting focus. They're now supplying infrastructure for power-hungry AI companies. Core Scientific recently signed a deal with AI firm CoreWeave. Patankar highlighted the potential benefits of nuclear backup. It would allow Kraken to operate during major disruptions to local energy supply. This redundancy protects the firm's ability to offer continuous services globally. The CTO anticipates a significant boom in DeFi. This could exponentially increase Kraken's energy needs in the future. While a final decision is pending, nuclear power is under serious consideration. Patankar cited limitations of alternatives like wind and solar, which are weather-dependent.

A long-dormant Bitcoin miner has resurfaced after 14 years of inactivity. The wallet transferred 50 BTC to Binance on June 26th. This sum is valued at approximately $3.05 million. Market intelligence firm Lookonchain reported the transaction. The miner originally acquired these tokens in July 2010. At that time, Bitcoin's price was below $1. Lookonchain shared the details on social media: "A miner wallet woke up after being dormant for 14 years and deposited 50 BTC ($3.05 million) to Binance seven hours ago. The miner earned 50 BTC from mining on July 14, 2010. Address: 1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm" This is not an isolated incident. In May, Lookonchain identified two other long-dormant wallets becoming active. These wallets had been inactive since 2013. The May reactivation involved a combined $61 million worth of Bitcoin. These investors had purchased 500 tokens for $124 each 11 years ago. Their investment yielded gains of nearly 50,000%. Bitcoin's current trading price is $61,630. This represents a slight increase over the past 24 hours. The reemergence of dormant wallets can impact market sentiment. It may signal increased selling pressure. However, it also demonstrates Bitcoin's long-term value proposition. Such events highlight the importance of blockchain analysis. They provide insights into market dynamics and investor behavior. As the cryptocurrency market matures, these patterns may become more significant. The crypto community closely watches these movements. They can potentially influence short-term price action. However, their long-term impact remains to be seen.

Sony Group is set to enter the cryptocurrency market. The electronics giant, famous for its TVs, cameras and some other electronics, has acquired Amber Japan. The crypto exchange it will be relaunched as S.BLOX, a Bitcoin and crypto exchange. Sony purchased Amber Japan in 2023 through its subsidiary Quetta Web. Amber Japan was previously known as DeCurret. S.BLOX will feature an upgraded user interface and mobile app. The launch date remains unannounced. This acquisition reflects Sony's growing interest in cryptocurrency. Which is quite understandable, as Japan is emerging to be a leading Bitcoin market. Proactive regulation and high consumer awareness have contributed to this trend. These factors make Japan an ideal location for Sony's debut in the crypto space. Not to mention, Japan is a home country for the world famous pioneering technology company. Sony's entry signals wider mainstream adoption of cryptocurrencies. Sony has a history of transformative acquisitions. Past purchases of CBS Records and Columbia Pictures expanded its media presence. This latest move could have a similar impact on Bitcoin, though it is unclear if this move will be successful in a long-term perspective. Some of the crypto exchanges have proved to be successful, like Binance or Coinbase, while some ended pretty catosptrophic, like Mt. Gox. Sony is know for leading business in a pretty transparent way, so the latter might be an unsuitable example, you might say. The crypto market has seen increasing interest from major corporations. Sony's involvement further legitimizes the sector. It also highlights the potential for traditional companies to evolve in the digital age. S.BLOX aims to capitalize on Sony's technological expertise. The exchange is expected to offer a user-friendly platform. This could attract both new and experienced crypto investors. Sony's decision comes amid growing institutional interest in cryptocurrencies. The company's size and reputation could influence other large firms to begin their own journeys into the world of crypto.

Someone has just made a significant Litecoin transaction that might be worth a detailed look at. On-chain data reveals a whale has moved 286,482 LTC, valued at approximately $20.6 million, from Binance to an unknown wallet. Whale Alert, a cryptocurrency transaction tracker, reported the transfer. The scale of the movement suggests a large entity's involvement. Whales, known for their substantial holdings, can influence market dynamics. Their transactions often merit scrutiny due to potential price impacts. The transfer originated from a Binance-linked wallet. Of course, we don't know whose wallet is that. Just as well as we have no idea who was at the other end of transaction. The recipient was an unaffiliated address, likely belonging to an individual investor. This type of movement, from an exchange to a self-custodial wallet, is classified as an exchange outflow. Such outflows can indicate fresh market buying or intentions for long-term holding. These actions typically suggest bullish sentiment. However, the possibility of over-the-counter (OTC) sales cannot be ruled out, which could have bearish implications. The market awaits the ripple effects of this substantial whale movement. Its impact on Litecoin's price remains to be seen. In related news, Litecoin's blockchain activity has surged. For example, the official Litecoin X account reported a significant increase in daily active addresses. And surprisingly Litecoin is now more popular than our beloved BTC and ETH. How can that be? Current data shows 802,470 active addresses on the Litecoin network daily. This metric, indicating transaction participation, surpasses that of Bitcoin and Ethereum. At press time, Litecoin is trading at $71, marking a 4% decline over the past week.

Pepe Coin's price rose 4% today, reaching $0.00001247. It's kind of suspicious as the wider crypto market remained stagnant. Especially, if you take into account that a mysterious whale just transferred 1 trillion PEPE to Binance. PEPE gained 7% over the week but fell 5% in two weeks and 25% in a month. Despite recent losses, the Ethereum-based meme coin retains a 700% annual gain. So now, a whale transferred 1 trillion PEPE to Binance recently. This move could impact short-term price action. Interestingly though, PEPE's value dipped 1.5% in the past hour. But technical indicators suggest a potential decline before another rally. The relative strength index fell from nearly 80 to 50. However, PEPE's 30-day average surpassed its 200-day average, indicating a growth phase. But what's even more impressing is the trading volume, it exceeded $1 billion, up from $350 million days ago. Another whale sent 700 billion PEPE ($7.8 million) to Binance yesterday. These transfers suggest whales may be in sell mode. Short-term price pressure is likely. The medium and long-term outlook remains positive. Market factors support an upward trajectory. PEPE is built on Ethereum blockchain, and there is a significant event coming there - traders anticipate Ethereum ETF launches in coming weeks. The Federal Reserve and Bank of England are expected to cut interest rates this fall. These factors could boost demand. It is also worth mentioning that PEPE remains popular among whale traders. Diversification with other high-potential meme tokens may be prudent. Pepe Unchained (PEPU), a new layer-two project, shows promise. Its presale raised $800,000 in less than a week. PEPU aims to offer more utility than typical meme coins. The Ethereum-based token promises instant transactions and low fees. It plans to offer higher staking rewards. If you're wondering whether Pepe has a growing community, here is the answer. Pepe now has nearly 2,000 Telegram subscribers. Its tokenomics include a capped supply of 8 billion PEPU. The allocation is: 20% presale, 30% staking, 20% marketing, 10% liquidity, 10% project finance, and 10% chain inventory.