Binance Sees $47.8M Bitcoin Withdrawal by New Crypto Whale During Market Dip
A newly identified Bitcoin whale has made a significant move by withdrawing 500 BTC, worth approximately $47.8 million, from Binance amid a recent market downturn. Blockchain analytics platform Lookonchain reported the transaction, which occurred as Bitcoin retreated from a high near $97,000, stabilizing around $94,500. The whale’s decision to transfer the funds to cold storage indicates a long-term holding strategy, contrasting with speculative trading behavior. This action aligns with institutional investment patterns, suggesting strong confidence in Bitcoin’s future despite short-term market fluctuations. The move highlights the growing influence of large-scale investors in the cryptocurrency market and their potential impact on price stability and market sentiment.
New Crypto Whale Moves $47.8M in Bitcoin Amid Market Dip
A newly identified Bitcoin whale has withdrawn 500 BTC—worth roughly $47.8 million—from Binance during a market downturn, according to blockchain analytics platform Lookonchain. The transaction coincides with Bitcoin’s retreat from a recent high near $97,000, though prices have stabilized around $94,500.
The whale’s cold storage accumulation suggests long-term conviction rather than speculative trading. This mirrors institutional behavior during previous cycles, where large withdrawals from exchanges preceded major rallies.
Large TRUMP Token Transfers Spark Market Speculation Amid MemeCore’s $2.8M Unrealized Loss
Over $30 million worth of TRUMP tokens have been transferred from Binance to MemeCore in a series of high-volume transactions over the past two weeks. The movements, including a recent withdrawal of 1 million tokens valued at $10.78 million, have drawn attention to unusual whale activity in the meme coin sector.
MemeCore’s current TRUMP holdings of $1.39 million now sit at a $2.8 million unrealized loss as the token’s price declines to $10.58. The transfers coincide with a 33% surge in TRUMP trading volume, reaching $774 million, as market participants react to heightened short-term volatility.
Blockchain data reveals a pattern of large outbound transfers from Binance’s hot wallet (5tzFk) to the MemeCore address (HLJ2V), with the most significant movement involving 269,800 tokens. These transactions suggest strategic positioning by institutional-scale players despite the token’s recent downward trajectory.
Bhutan Launches National Crypto Payment System for Tourism via Binance Partnership
Bhutan has unveiled a groundbreaking crypto payment initiative that transforms the travel experience for visitors. The Himalayan kingdom’s collaboration with Binance Pay and DK Bank establishes the world’s first nationwide cryptocurrency tourism payment infrastructure.
Tourists with Binance accounts can now settle all travel-related expenses using digital assets—from airfare and visa processing to boutique hotel bookings and local artisan purchases. Over 100 merchants across Bhutan’s tourism ecosystem have already integrated the solution, enabling seamless cashless transactions throughout a visitor’s journey.
The initiative positions Bhutan as a leader in real-world crypto adoption, leveraging Binance’s payment technology to create frictionless economic interactions between international travelers and local businesses. This strategic move could set a precedent for other tourism-dependent economies exploring blockchain-based payment solutions.
Binance Temporarily Suspends Deposits and Withdrawals for Ethereum Network Upgrade
Binance will halt deposits and withdrawals for multiple token networks starting May 7, 2025, at 09:45 UTC to accommodate Ethereum’s upcoming network upgrade and hard fork. The suspension aims to ensure a seamless user experience during the transition.
Affected networks include Ethereum (ETH), Arbitrum (ARB), Optimism (OP), zkSync Era (ZKSYNC), Base (BASE), Manta Network (MANTA), Starknet (STRK), Polygon (POL), Metis (METIS), Scroll (SCR), Cyber (CYBER), Metal DAO (MTL), Celo (CELO), and Worldcoin (WLD). Binance has confirmed its support for the upgrade, reflecting the exchange’s commitment to network stability and user security.
Bhutan Launches World’s First Crypto Tourism Payment System
Bhutan has introduced a groundbreaking digital currency payment system for tourists, becoming the first country to fully integrate crypto transactions into its tourism infrastructure. The "One Wallet, One Journey" initiative allows visitors to use Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) for virtually all travel expenses—from airline tickets and hotel bookings to street food purchases and souvenir transactions.
Local merchants across the Himalayan kingdom have rapidly adopted the QR-code-based system, eliminating the need for cash or cards. The program covers tourist visas, Sustainable Development Fees, monument entries, and even purchases from roadside vendors—creating a seamless financial ecosystem powered by Binance Pay’s scanning technology.
Binance Delays MOVE Token Airdrop Amid Project Uncertainty
Binance Launchpad has postponed its second phase of MOVE token distribution, citing unresolved developments surrounding the Movement project. The decision came hours after the Movement Foundation deposited the airdrop allocation into Binance’s wallets.
The exchange had planned to distribute 5% of MOVE’s total supply approximately six months after its spot market listing, per the original 2024 agreement. This delay marks another chapter in Binance’s long-standing partnership with the Movement ecosystem.
