$69M XRP Transfer Sparks Speculation as Coinbase Reveals Internal Wallet Shuffle

$69,892,707 in XRP Stun Largest US Crypto Exchange Coinbase

According to U.Today, a significant transaction involving $69,892,707 worth of XRP has caught the attention of the cryptocurrency community. The transfer, which involved 29,532,534 XRP, was made from an anonymous wallet to Coinbase. However, further investigation revealed that the wallet belonged to Coinbase itself, indicating an internal reshuffling of XRP holdings. This transaction is part of a larger movement of 104.5 million XRP across various exchanges, including South Korea's Upbit and Bithumb. Additionally, Ripple unlocked one billion XRP from escrow on March 2, continuing its monthly tradition to support market liquidity. For more details, visit U.Today.

Best Crypto Exchanges and Apps for 2025

The Motley Fool has released a comprehensive guide on the best cryptocurrency exchanges and apps for 2025. Highlighted platforms include Robinhood for no-fee trading, Coinbase for beginners, and Kraken for advanced tools and a broad crypto mix. The guide emphasizes the importance of security, low fees, and user-friendly interfaces when selecting an exchange. With Bitcoin surpassing $100,000 and increasing regulatory clarity, the demand for reliable platforms is growing. For a detailed breakdown of features and recommendations, refer to The Motley Fool's report.

EU Sanctions Russian Crypto Exchange Garantex

ICIJ.org reports that the European Union has sanctioned the Russian cryptocurrency exchange Garantex for its connections to sanctioned Russian banks and criminal organizations. This marks the EU's first sanctioning of a crypto exchange. Garantex, founded in 2019, has been linked to illicit activities, including transactions involving terror groups and drug gangs. The sanctions follow an investigation revealing ties between Garantex and Kremlin-controlled entities. The exchange had previously been sanctioned by the U.S. in 2022. For more information, visit ICIJ.org.

Crypto Exchange Kraken Says SEC Plans to Dismiss Lawsuit

According to PYMNTS.com, Kraken announced that the U.S. Securities and Exchange Commission (SEC) plans to dismiss its lawsuit against the exchange. Filed in November 2023, the lawsuit accused Kraken of operating an unregistered securities exchange. Kraken stated that the dismissal comes with no admission of wrongdoing, penalties, or changes to its business. The exchange attributed the resolution to new leadership at the SEC and the White House, emphasizing the need for clear regulatory frameworks. For further details, visit PYMNTS.com.

Changelly Offers $50 Welcome Bonuses to New Mobile App Users

GlobeNewswire reports that Changelly, a global instant cryptocurrency exchange, is offering a $50 welcome bonus to new mobile app users throughout March 2025. The bonus can be used to cover service fees for crypto swaps within 30 days of app installation. This initiative aims to lower entry barriers for new users and promote cryptocurrency adoption. Changelly supports over 1,000 cryptocurrencies across 185 blockchain networks. For more information on the campaign, visit GlobeNewswire.

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