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The Hong Kong-based crypto wealth management giant Metalpha deposited $77.55 million worth of Ethereum (ETH) to Binance in the past few days, according to the digital asset tracker Lookonchain. Metalpha sent a total of 33,589 ETH to the top global crypto exchange over multiple transactions, including 10,000 ETH worth $23.45 million on Monday. The firm still holds 51,300 ETH worth $120 million, according to Lookonchain. The crypto tracker notes that other Ethereum whales are accumulating. “A smart whale bought 5,000 ETH ($11.46 million) at the bottom again in the past two days! The whale bought 5,200 ETH at an average price of $1,322 in November 2022. Then sold it at an average price of $2,093 in January, December 2023, and January 2024, making more than $4 million!” Ethereum is trading for $2,378 at time of writing. The second-ranked crypto asset by market cap is up 1.5% in the past 24 hours. Lookonchain also notes that a Solana whale sold 20,000 SO...

Digital regulatory professionals have predicted the wide use of stablecoins throughout the world by the year 2030, despite the current competition between TradFi and DeFi Regulated stablecoins are currently in the spotlight of policymakers as a panel of professionals in the digital regulatory space unpacks their predictions on the use of regulated stablecoins in the future at the World of Web (WOW) Summit in Hong Kong.  In the panel titled “Digital Assets: Policies & the Road Ahead,” the group discussed how regulated stablecoins would most likely remain in use by 2030 and how the current growth rate of the stablecoin helps to ensure this. While recognizing the growth of the crypto industry , Alexandra Sasha, the 1st Deputy to the Danish Parliament and an advocate for Blockchain technology and innovation noted that the regulated stable coins will definitely grow stronger. Alexandra went on to say that despite the wide acceptance of regulated stable coins , there are still in exi...