A whale has established a long position of 20,000 ETH, worth $60.93 million.

The post Adam Wainwright Takes The Mound Again Honor Darryl Kile appeared on BitcoinEthereumNews.com. Adam Wainwright of the St. Louis Cardinals in the dugout during the second inning against the Miami Marlins at Busch Stadium on July 18, 2023 in St. Louis, Missouri. (Photo by Brandon Sloter/Image Of Sport/Getty Images) Getty Images St. Louis Cardinals lifer Adam Wainwright is a pretty easygoing guy, and not unlikely to talk with you about baseball traditions and barbecue, or even share a joke. That personality came out last week during our Zoom call when I mentioned for the first time that I’m a Chicago Cubs fan. He responded to the mention of my fandom, “So far, I don’t think this interview is going very well.” Yet, Wainwright will return to Busch Stadium on September 19 on a more serious note, this time to honor another former Cardinal and friend, the late Darryl Kile. Wainwright will take the mound not as a starting pitcher, but to throw out the game’s ceremonial first pitch. Joining him on the mound will be Kile’s daughter, Sierra, as the two help launch a new program called Playing with Heart. “Darryl’s passing was a reminder that heart disease doesn’t discriminate, even against elite athletes in peak physical shape,” Wainwright said. “This program is about helping people recognize the risks, take action, and hopefully save lives.” Wainwright, who played for the St. Louis Cardinals as a starting pitcher from 2005 to 2023, aims to merge the essence of baseball tradition with a crucial message about heart health. Kile, a beloved pitcher for the Cardinals, tragically passed away in 2002 at the age of 33 as a result of early-onset heart disease. His sudden death shook the baseball world and left a lasting impact on teammates, fans, and especially his family. Now, more than two decades later, Sierra Kile is stepping forward with Wainwright to…

The post XRP Awaits 400% Network Surge: But It Might Not Help Price appeared on BitcoinEthereumNews.com. What moves XRP forward Moving averages sloping down Over the last three months, XRP’s on-chain activity has increased dramatically, with a number of network metrics approaching levels that resemble a 400% surge in comparison to their late-summer baselines. What moves XRP forward The total volume of payments, the number of payments made between accounts and the overall transaction throughput have all significantly increased. However, the price chart presents a far less optimistic picture, and this discrepancy is the main risk moving forward. There is an improvement in network throughput. Daily payments usually fall into the upper end of the multi-month range, and spikes in payment volume show increasing value movement throughout the network. XRP/USDT Chart by TradingView However, this momentum is not reflected in the market structure. The price of XRP is still stuck in a distinct downward channel and keeps missing declining resistance. More worrisomely, all attempts to break above the 20- and 50-day moving averages are swiftly rejected. Moving averages sloping down The 50-day, 100-day and 200-day major moving averages all slope downward, indicating a persistent bearish environment. The chart was momentarily distorted by a single vertical liquidation wick in October, but price action quickly re-anchored inside the broader downtrend, confirming rather than refuting structural weakness. You Might Also Like This is where reality and the surge narrative clash. Growing network usage frequently indicates early strength for emerging ecosystems, but XRP has shown time and time again that transaction growth by itself does not translate into market demand. Because a large portion of the activity is driven by automated flows, arbitrage paths and institutional routing rather than speculative accumulation, the ledger processes high volumes even during times of poor price performance. Source: https://u.today/xrp-awaits-400-network-surge-but-it-might-not-help-price

The post Eric Trump’s Wealth Surges With His Family-Backed Crypto Companies appeared on BitcoinEthereumNews.com. Eric Trump’s wealth has surged as crypto becomes the Trump family’s fastest-growing financial engine. Major stakes in American Bitcoin and World Liberty Financial have added hundreds of millions to his net worth. Eric remains committed to crypto as traditional Trump businesses expand globally. The Trump family’s business ecosystem is entering a new phase in which real estate, media, and politics increasingly intersect with crypto. Recent Forbes reporting shows that crypto has become a major source of wealth for the family, especially for Eric Trump, whose net worth has grown ten times since his father returned to the White House. Eric Trump’s Net Worth Surges on Crypto Boom Forbes estimates that Eric Trump is now worth about $400 million, a dramatic jump from his wealth before Donald Trump’s return to political power. The biggest reason is his stake in American Bitcoin, a fast-growing crypto mining company. The company holds 3,418 BTC, worth more than $320 million at current prices. With a market cap above $2 billion, Eric’s 7.3% stake is worth about $160 million. During a temporary surge in early September, his 68 million shares were worth nearly $1 billion on paper before the stock cooled. Despite the volatility, shares dropped from $14.52 to $2.39, Eric insists he is “100% committed” to the project. Related: Trump Sons-Backed ‘American Bitcoin’ to Debut on Nasdaq World Liberty Financial Adds Another Crypto Windfall Another major contributor is World Liberty Financial (WLF), a crypto firm launched by Donald Trump alongside Eric, Donald Jr., and Barron. WLF issues USD1, a stablecoin, and WLFI, a governance token. According to Forbes estimates, Eric gained about $80 million in cash after taxes from token sales. Meanwhile, he has $36 million worth of WLFI tokens and $19 million linked to the stablecoin business. In total, WLF has added roughly $135…