Coinbase Sees $70 Million XRP Whale Transfer Amid Record Futures Activity

XRP futures open interest has surged to an unprecedented $11 billion, marking a historic high as institutional interest intensifies during the token's bullish rally. This momentum follows a significant $70 million whale transfer to Coinbase, sparking speculation of potential profit-taking despite the token's resilient price action. XRP briefly touched $3.54, nearing its 2018 peak of $3.84, as the broader cryptocurrency market capitalization surpassed $4 trillion. The surge in derivatives activity underscores growing confidence among traders and institutions in XRP's upward trajectory. The whale movement to Coinbase, a leading U.S.-based exchange, highlights the increasing institutional participation in the XRP market. Analysts suggest that while the transfer could indicate profit-taking, the unshaken price action reflects strong underlying demand. The record futures open interest further signals heightened expectations for continued price appreciation. As the crypto market continues its bullish run, XRP's performance remains a focal point for investors, with its proximity to all-time highs drawing significant attention. The combination of whale activity, institutional bets, and robust derivatives trading paints a bullish picture for XRP's future, solidifying its position as a key player in the evolving digital asset landscape.

XRP Futures Hit All-Time High Amid $70 Million Whale Activity

XRP futures open interest surged to a record $11 billion as institutional bets intensify during the token's bullish rally. The momentum follows a $70 million whale transfer to Coinbase, sparking speculation of profit-taking despite unshaken price action.

The token briefly touched $3.54, nearing its 2018 peak of $3.84, as the broader crypto market capitalization eclipsed $4 trillion. Derivatives activity suggests growing confidence, with leveraged positions covering 3.1 billion XRP tokens.

Regulatory clarity in the U.S. appears to be fueling renewed institutional interest, creating a favorable environment for sustained upward movement across digital assets.

Coinbase Exploiter Acquires 649 ETH, Continues Laundering Spree

The hacker behind the $300 million Coinbase breach has purchased an additional 649.62 ETH ($2.31 million) at $3,561 per coin, according to on-chain analytics platform Lookonchain. The transaction underscores the attacker's ongoing efforts to consolidate and launder stolen funds.

Wallet activity reveals a pattern of malicious transfers involving both ETH and DAI stablecoins, suggesting deliberate obfuscation tactics. The exploit—one of the largest in crypto exchange history—continues to unfold as forensic analysts track the movement of funds across decentralized networks.