Binance Sees Massive XRP Long Liquidations Amid Ripple Co-Founder’s Alleged $140M Sell-Off

Ripple's XRP experienced significant selling pressure this week as long positions were liquidated en masse on Binance. The downturn followed allegations by on-chain investigator ZachXBT that Ripple co-founder Chris Larsen moved 50 million XRP—worth approximately $175 million—to various addresses, with an estimated $140 million funneled to centralized exchanges. The transfers coincided with a sharp price decline, exacerbating market volatility and triggering a wave of liquidations. This event highlights the sensitivity of cryptocurrency markets to large-scale transactions by key stakeholders and underscores the importance of transparency in blockchain ecosystems. As of July 2025, the XRP community remains divided on the implications of these transactions, with some viewing it as routine treasury management while others express concerns about potential market manipulation. Binance, as one of the largest crypto exchanges, continues to play a pivotal role in price discovery during such volatile events.

XRP Longs Liquidated on Binance Amid Ripple Co-Founder's Alleged $140M Sell-Off

Ripple's XRP faced significant selling pressure this week as long positions were liquidated en masse on Binance. The downturn followed allegations by on-chain investigator ZachXBT that Ripple co-founder Chris Larsen moved 50 million XRP—worth approximately $175 million—to various addresses, with an estimated $140 million funneled to centralized exchanges.

The transfers coincided with a sharp price decline for XRP, which had surged over 50% in a week to reach a record $3.65 on July 18. Market participants now scrutinize whether internal selling contributed to the reversal. Larsen-linked wallets reportedly still hold 2.8 billion XRP, valued at roughly $8.4 billion.

Nasdaq-Listed Windtree Therapeutics to Allocate $500 Million to BNB Treasury Strategy

Windtree Therapeutics (WINT), a Nasdaq-listed biopharmaceutical company, has secured a $500 million equity line of credit to expand its Binance Coin (BNB) holdings. The move signals growing institutional interest in cryptocurrency treasury diversification. CEO Jed Latkin framed the decision as a strategic allocation to digital assets amid evolving market conditions.

BNB's price dipped 0.1% during Thursday's sector-wide correction, though maintains strong quarterly gains of 36.4% since July 2024. The token reached an all-time high of $808.09 on July 23, mirroring record performances by Bitcoin ($122,838) and XRP ($3.65). Profit-taking appears responsible for the current pullback, with BTC shedding 2% daily and 4.2% weekly.

Corporate crypto adoption continues accelerating, with Binance's native token emerging as a preferred reserve asset. Market analysts anticipate renewed bullish momentum pending Bitcoin's ability to hold key support levels near $110,000.

Nigeria Opens Doors to Regulated Stablecoins in Policy Shift

Nigeria's Securities and Exchange Commission (SEC) has established a clear legal framework for stablecoins, classifying them as regulated securities under the Investment and Securities Act 2025. Issuers must now adhere to strict compliance, licensing, and reserve requirements, marking a significant pivot in the country's digital asset policy.

The MOVE positions Lagos as a potential hub for digital assets in Africa, offering stablecoin firms a defined regulatory path. SEC Director-General Emomotimi Agama emphasized Nigeria's openness to stablecoin businesses, provided they operate within safeguards for market stability and consumer protection.

This shift contrasts with Nigeria's earlier crackdown on crypto-related activities, including legal action against Binance earlier this year. The SEC's new stance reflects a strategic embrace of regulated digital assets as part of the country's financial future.

Top 5 Cryptos to Watch in August: SUI, BNB, RTX, DOGE, and HYPE

SUI, BNB, RTX, DOGE, and HYPE emerge as standout cryptocurrencies for August, each offering unique catalysts and market momentum. SUI, trading at $3.73 with a $12.88B market cap, continues to gain traction as a high-speed LAYER 1 alternative to Ethereum. BNB, the backbone of Binance's ecosystem, holds steady at $769.60, underpinned by its utility in staking and fee structures.

Dogecoin, despite its volatility, remains a meme coin heavyweight at $0.2378, fueled by relentless community support. HYPE, priced at $43.04, is carving a niche in DeFi with its liquidity-focused protocol and low-fee appeal. Meanwhile, Remittix (RTX) garners attention for its upcoming wallet beta—a potential game-changer in bridging crypto with real-world remittance solutions.

Biotech Firm Windtree Secures $520M Funding to Build BNB Treasury

Windtree Therapeutics has secured up to $520 million in funding to establish one of the largest corporate treasuries in the cryptocurrency space. The biotechnology company entered a $500 million equity line of credit agreement alongside an additional $20 million stock purchase with Build and Build Corp. Ninety-nine percent of the proceeds will be allocated to acquiring BNB, pending stockholder approval.

The move positions Windtree as potentially the first Nasdaq-listed company with direct BNB holdings, aiming to capitalize on Binance’s ecosystem growth. CEO Jed Latkin emphasized the strategic importance of the funding for future BNB acquisitions, marking a shift away from Bitcoin-only treasury strategies.

This development reflects a broader trend among public companies diversifying into altcoins like Ethereum, Solana, XRP, and now BNB. Market reactions have been strong as institutional adoption of alternative cryptocurrencies gains momentum.

Galaxy Digital Market Makers Drive BTC Sell-Off Amid Price Volatility

Galaxy Digital's lead market makers have been actively taking profits, offloading significant amounts of bitcoin (BTC) on the open market. Their transactions, among the most influential in the past 24 hours, contributed to BTC's decline to a two-week low of $115,000. While long liquidations played a role, spot market activity—particularly from Galaxy Digital—added substantial selling pressure.

The market Maker moved approximately 30,000 BTC to exchange hot wallets, forcing spot markets to absorb up to $3.5 billion in new inflows. Galaxy Digital now holds $1.15 billion in stablecoins, signaling a strategic shift. Meanwhile, Jump Crypto and Wintermute also participated in the sell-side activity, with the latter receiving inflows from Binance.

Despite strong underlying demand from ETFs and corporate treasuries, the directed selling by market makers has introduced short-term volatility, triggering liquidations and price fluctuations in the thousands of dollars. The market's resilience will be tested as it digests these large-scale disposals.