PK Press Club – PK Press Club presents the three main news stories of the past day.
$124,788,255 stuns Binance, the world’s largest exchange
A recent report from the Whale Alert The deposit was traced to an anonymous wallet, however, data shared by Bithomp suggests it could be an internal transfer within Binance. The crypto community reacted positively to the move, considering it a bullish indicator. Meanwhile, XRP appears to be following in the footsteps of , following the crypto king’s recent all-time high; the Ripple-affiliated token surged more than 12%, from $2.92 to a high of $3.29. At the time of writing, XRP is changing hands at $3.13, down 4.82% in the last 24 hours, according to CoinMarketCap.
The SEC now has a new interim president
Republican SEC Commissioner Mark Uyeda has been named the agency’s new acting chairman, according to whitehouse.gov. This follows the departure of Gary Gensler, who has led the SEC since 2021. Hester Peirce, another Republican commissioner, publicly congratulated Uyeda on her new role. “Congratulations to our new interim president, Mark Uyeda,” she wrote in her post. Paul Atkins, CEO of Patomak Global Partners (NYSE:), was named to replace Gensler last year. However, Atkins has not yet been confirmed by the Senate. Uyeda criticized the SEC’s “regulation by enforcement” approach during Gensler’s tenure, describing it as a “disaster” for the crypto industry.
Leading Bitcoin Advocate Samson Mow Spots “God Candle” as BTC Price Hits ATH
The broader crypto market has seen turbulence following the recent price movements of Bitcoin and several prominent altcoins. Following these developments, Samson Mow, CEO of JAN3 and prominent BTC advocate, used the X platform to highlight a major indicator on the crypto’s flagship chart, called “God Candle.” Over the past few weeks, when Bitcoin price was trading in a consolidation channel below $98,000 before breaking out, Mow consistently claimed that Bitcoin was undervalued. Yesterday, Bitcoin finally broke out, hitting a new all-time high of $109,114.88. This remarkable rise occurred in 24 hours, rising from a low of $99,471.36 in the midst of a 5% rally. As of this writing, however, Bitcoin has pared its gains, changing 4.02% over the past 24 hours to $103,253.
