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Whale Pulls 1,051 BTC Worth $82.35M From Binance in Single Transaction

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Whale Pulls 1,051 BTC Worth .35M From Binance in Single Transaction

Key Takeaways:

  • A new wallet pulled 1,051 BTC worth $82.35 million from Binance, per Lookonchain.
  • U.S. bitcoin ETFs recorded $630 million in net inflows on May 1, amplifying the bullish demand signal.
  • Centralized exchanges have shed over $26 billion in bitcoin and ether since January 2026.

New Wallet, Big Move

Onchain intelligence platform Lookonchain flagged the withdrawal, noting that the receiving wallet had been newly created, a common fingerprint of institutional players or high-net-worth individuals seeking to self-custody large holdings outside of exchange infrastructure.

Image source: X

At the prevailing price of approximately $78,000 per bitcoin, the 1,051 BTC haul is valued at roughly $82.35 million. The transaction was confirmed in a single block, and no subsequent movement has been recorded from the destination address, a pattern consistent with long-term storage rather than positioning for a near-term sale.

What Exchange Outflows Tell Us

Large bitcoin withdrawals from centralized exchanges typically pertain to coins that cannot be immediately sold. Sustained outflow trends reduce available sell-side supply and, over time, tend to tighten price floors.

That trend has been running hard in 2026, marked by a massive structural shift away from traditional exchange-held balances. According to CryptoQuant, February alone saw over 31.6 million ETH withdrawn from centralized exchanges, driving reserves to multi-year lows. Analysts attribute this shift to a growing institutional preference for direct custody and regulated vehicles over traditional exchange-held balances.

The timing of today’s withdrawal adds to an already constructive demand picture. On May 1, U.S. bitcoin spot exchange-traded funds (ETFs) recorded net inflows of $630 million, with ether ETFs adding a further $101 million, one of the stronger single-day readings in recent months.

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Whale Pulls 1,051 BTC Worth $82.35M From Binance in Single Transaction
Image source: X

Part of a Larger Whale Pattern

Cryptoquant data published earlier this year showed bitcoin whales quietly buying thousands of coins over a two-month window, even as retail sentiment remained cautious. However, institutional accumulation is not one-directional, because a separate investigation tracked a different whale sending 1,000 BTC to Binance and booking a $3.42 million profit, a reminder that large players are actively positioned on both sides of the market simultaneously.

One thing from this latest move is that whoever controls this new wallet has decided not to leave 1,051 bitcoin on an exchange, and at this price level, that decision alone could carry substantial weight.

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IHC Executes $30M DDSC Stablecoin Trade as UAE Digital Payments Enter New Phase

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IHC Executes M DDSC Stablecoin Trade as UAE Digital Payments Enter New Phase

Key Takeaways

Major Institutional Transaction Executed

The Abu Dhabi-based global investment company, International Holding Company (IHC), has executed a $30 million (AED 110 million) transaction using a stablecoin backed by the United Arab Emirates (UAE) dirham, marking the first major institutional use of the stablecoin since receiving regulatory approval. The transaction was carried out using the DDSC stablecoin on ADI Chain, an institutional Layer-2 blockchain developed by the ADI Foundation.

Officials said the multimillion-dollar transaction demonstrates the digital currency ecosystem’s operational readiness and ability to handle institutional volumes. DDSC was created through a partnership among IHC, First Abu Dhabi Bank and Sirius International Holding, with technological support from the ADI Foundation.

The Central Bank of the UAE’s approval of the DDSC stablecoin earlier this year is part of a broader regulatory push that has already seen multiple dirham-backed tokens clear licensing hurdles. As per one report, the first AED stablecoin to secure central bank approval was the AE Coin, issued by Al Maryah Community Bank (Mbank). Additionally, Zand Bank recently obtained a license for AEDZ, distinguishing itself as the UAE’s first regulated, multi-chain AED-backed stablecoin designed to operate natively on public blockchains.

According to a media statement, the project aims to provide secure and regulated digital transactions for corporations and individuals while speeding up cross-border payments and trade settlements.

“This transaction demonstrates that the UAE’s digital infrastructure is live, resilient, and ready to support real institutional financial activity,” Syed Basar Shueb, chief executive officer of IHC, said in a statement. “Executing 110 million DDSC on ADI Chain is a clear signal that we are entering the next phase, where institutional-grade digital assets are not only viable, but operational at scale.”

Proponents of stablecoins argue they reduce the high costs, delays and complexities associated with traditional international banking systems, particularly in emerging markets.

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Following the successful transaction, developers said they plan to expand institutional participation and establish new digital trade and payment corridors connecting the Middle East with global markets.

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Weekend Round-Up: Bitcoin’s Big Players, XRP ETFs, SpaceX’s BTC Holdings And More

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Weekend Round-Up: Bitcoin’s Big Players, XRP ETFs, SpaceX’s BTC Holdings And More

This week was a rollercoaster ride in the world of cryptocurrency and NFTs. From Michael Saylor and Kevin O’Leary sharing their insights on Bitcoin, to the surprising performance of XRP ETFs and SpaceX revealing its Bitcoin holdings ahead of its IPO. Not to forget, the popular NFT brand Pudgy Penguins is extending its partnership with Manchester City Soccer Club.

Let’s dive into the details.

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Michael Saylor’s Bitcoin Perspective

Michael Saylor, CEO of MicroStrategy Inc., stated that Bitcoin would have been trading between $40,000 and $50,000 without his company’s involvement. MicroStrategy is the world’s largest corporate holder of Bitcoin, owning approximately 818,000 units. Saylor believes that even without his company, Bitcoin would have found success, but MicroStrategy’s involvement accelerated its price appreciation.

Read the full article here.

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Kevin O’Leary’s Take On Bitcoin

Kevin O’Leary, the “Shark Tank” star, emphasized the need for a crypto bill to pass for Bitcoin and tokenization to move beyond the fringes for major institutional players. He believes that global compliance within the SEC through the passage of a bill will change everything. With the midterms approaching in November, O’Leary sees the present as the perfect opportunity to pass this bill.

Read the full article here.