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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.

Bybit has become the world's second-largest cryptocurrency exchange. That is official now. And this shift follows Binance's decline in market share due to regulatory challenges. A June 25 report by Kaiko revealed Bybit's impetuous ascent. "Since October, the exchange's market share has surged from 8% to 16%, surpassing Coinbase in March," the report stated. What about its competitors? Well, Coinbase's market share increased by only 1% during this period. This occurred despite improved profits and revenue. Bybit's growth may be linked to Binance's regulatory issues. These problems caused Binance start faltering and to lose some of its market dominance. Binance's market share fell from 60% to 54% since October. This 6% decrease coincided with regulatory challenges. So basically it means that the exchange benefited from Binance's regulatory troubles. On November 21, 2023, U.S. officials announced a $4.3 billion settlement with Binance. This was for Anti-Money Laundering violations. In June 2023, the SEC sued Coinbase and Binance for alleged securities violations. The SEC boldly claimed Binance and its founder misappropriated user funds. Bybit introduced zero-fee trading for USDC in February 2023. This may have contributed to increased trading volume. Bybit's average fees are competitive with Binance and OKX. These are among the lowest in the industry, according to Kaiko. According to Ben Zhou, Bybit's co-founder and CEO, the commitment to competitive fees, a secure platform, and innovative products has resonated with our users. Which reminds us of why we used to love Binance at first, right?

Bitcoin's value dropped to $61,000. And this is one of those rare occasions when the reason is obvious to anyone. The decline follows Mt. Gox's announcement of imminent creditor repayments. Mt. Gox Rehabilitation Trustee Nobuaki Kobayashi confirmed the news. Repayments in Bitcoin and Bitcoin Cash will begin in early July. The decade long wait is over. Yes, 10 years have passed since the exchange's collapse. "We have taken time to ensure safe and reliable repayment to creditors," the note stated. It outlined steps taken, including technical safeguards and regulatory compliance. Mt. Gox was once a dominant player in Bitcoin trading. It's hard to believe now, but it handled over 70% of Bitcoin's volume once. That was a pretty obvious centralisation, many people disliked. But then Mt. Gox collapsed. The announcement sparked market concerns. Fears of a potential sell-off caused Bitcoin's price to fall 6.5% from the previous day. It hit a low of $61,060 before slightly recovering. The price drop hit derivatives traders hard. Bitcoin long positions worth $90.78 million were liquidated in 12 hours. This data comes from CoinGlass, a derivatives analytics platform. Market fears may be justified. Three Mt. Gox wallets hold 141,686 BTC, valued at approximately $8.71 billion. Big moves like that often make waves on the market. A similar incident occurred on May 28. Bitcoin's price fell after funds moved to an unknown wallet. It was later clarified that repayments had not yet started. The repayment deadline was previously extended to October 2024. This suggests the reimbursement process could take up to four months.

BtcTurk, a leading Turkish cryptocurrency exchange, has fallen victim to a cyber attack. The incident resulted in unauthorized access to some of its hot wallets. The exchange reports asset losses for some users. But the overall financial stability remains intact, the BtcTurk officials claim. The hack occurred on June 22. It raised concerns in the crypto community. The total amount lost remains undisclosed. BtcTurk stated that only hot wallets of 10 cryptocurrencies were compromised. Cold wallets, holding the majority of assets, remain secure. The exchange has disabled all withdrawal and deposit transactions. Binance CEO Richard Teng announced a joint investigation with BtcTurk. It has led to the recovery of $5.3 million in stolen assets. Teng stated: "Binance is assisting BtcTurk with investigations and has frozen over $5.3M in stolen funds so far. Our investigations & security teams work around the clock as part of our proactive efforts to protect the ecosystem from bad actors. We will provide further updates as relevant." On-chain investigator ZachXBT provided insights into the potential hackers. He linked them to an address that recently transferred 1.96 million AVAX ($54.2 million) to Coinbase and THORChain. This transfer caused a 10% decline in AVAX price. ZachXBT's theory is based on BtcTurk's market AVAX address on the Avalanche X-chain. The exchange has not confirmed or denied this theory. BtcTurk assures users of their assets' safety. It claims the hack has not affected its robust financial position. This incident marks the second crypto exchange hack in 2024. In May, Japanese platform DMM Bitcoin lost $305 million in BTC. Crypto exchange hacks draw attention due to their custodial nature. These platforms control users' private keys. They often hold larger funds than decentralized finance (DeFi) counterparts. For perspective, Binance records 13 times the daily trading volume of Uniswap, the largest decentralized exchange. This data comes from Coingecko.