Ethereum (ETH) whale action

Crypto markets are always buzzing with activity. This week, Ethereum (ETH) whale action saw a significant move as a previously inactive holder transferred $13 million worth of ETH to Kraken, leading to speculations of possible market impacts. Concurrently, Tether (USDT) updates show that Thailand’s SEC has approved USDT for regulated trading, a notable step forward for stablecoin adoption in the region. Meanwhile, BlockDAG (BDAG) is gaining traction through a pivotal alliance with SpaceDev, aiming to bolster its developer network and global presence. Having amassed over $205.5 million and sold 18.8 billion BDAG coins, it's widely regarded as the best crypto to buy right now, especially with anticipated price surges following its forthcoming exchange listings. ETH Whale Action: Inactive Account Shifts $13 Million The crypto community is once again tuned into Ethereum (ETH) whale action as an inactive holder recently moved 7,000 ETH—worth approximately $13.8 million—to Kraken. Such substantial transfers are often indicative of impending liquidations or strategic market positioning. This activity occurred after ETH dropped to $1,760, marking its lowest value since October 2023 amidst broader market downturns. The involved address still holds about 30,070 ETH, now valued at over $50 million, suggesting potential for further Ethereum (ETH) whale action soon. Market analysts believe that movements of this magnitude could spark volatility, as large stakeholders transferring assets to exchanges might signal upcoming sell-offs or strategic plays in derivative markets. Tether Updates: Thai SEC Endorses USDT Thailand’s Securities and Exchange Commission (SEC) has officially sanctioned USDT for regulated trading and payment applications, marking a significant shift in the nation’s approach to stablecoins. Tether updates confirm that with this approval, USDT will be listed on authorized exchanges starting March 16, 2025. The recent Tether updates indicate that USDT constitutes about 40% of Thailand’s trading volume, placing it among the top 20 countries in digital asset adoption. This endorsement bolsters Thailand’s regulatory structure and promotes financial inclusivity. Tether’s updates also underline increased institutional support, with CEO Paolo Ardoino commending Thailand for its progressive approach to integrating stablecoins in payment systems and international transactions. BlockDAG and SpaceDev Forge Strategic Alliance for Enhanced Global Reach BlockDAG is making significant strides in the cryptocurrency sector through a key partnership with SpaceDev, a leading blockchain consulting and software development company. This alliance is poised to significantly enhance BlockDAG’s developer network and elevate its promotional strategies. The presale phase of BlockDAG has been particularly successful, generating over $205.5 million and distributing 18.8 billion BDAG coins, yielding a remarkable 2,380% return on initial support. Currently priced at $0.0248 per coin in the latest batch, many consider it the best crypto to buy right now, thanks to the presale achievements and strategic collaborative efforts. This partnership isn't just about generating buzz; it's about creating a resilient and enduring platform. SpaceDev’s contribution is pivotal in enhancing BlockDAG’s hackathons and ambassador initiatives, attracting elite developers globally. Moreover, the $30 million Grants Program is receiving substantial enhancements to support dApp developers with necessary resources for innovation. Enhanced marketing strategies and exclusive co-branded merchandise are set to bolster BlockDAG’s international footprint even further. Market watchers are taking note of BDAG’s rapid growth and see substantial potential for long-term value. Strategic marketing activities are set to boost BlockDAG’s recognition worldwide, increasing demand during the presale. As exchange listings approach, the urgency for potential participants to engage increases, anticipating further price rises. Big Moves Across Crypto Market—But One Stands Out! The cryptocurrency market is undergoing significant changes, highlighted by Ethereum (ETH) whale action that could suggest upcoming market fluctuations and Tether updates that have secured USDT’s regulatory acceptance in Thailand. Amid these impactful events, BlockDAG (BDAG) is charting a distinct path focused on sustainable growth. With its strategic alliance with SpaceDev, BlockDAG is fortifying its developer base, extending its global reach, and enhancing its overall ecosystem robustness. Having accumulated over $205.5 million and delivered early supporters a 2,380% ROI, interest in BlockDAG continues to surge. It is widely viewed as the best crypto to buy right now, with upcoming exchange listings expected to further drive demand. Those eager to be part of BlockDAG’s next growth phase are closely monitoring its presale, anticipating increases in value as more developments unfold. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial’ Discord: https://discord.gg/Q7BxghMVyu Disclaimer: The text above is an advertorial article that is not part of bitcoininfonews.com editorial content.