Chain News Daily Official TheBitTimes.com

Crypto whales are accumulating tens of millions of dollars worth of one Ethereum (ETH) rival from two top exchanges, according to on-chain data. Blockchain tracking firm Lookonchain reports that three deep-pocketed investors have suddenly accumulated nearly $35 million worth of Solana (SOL) from Binance and Kraken. “Whales are accumulating SOL! AA21…VxH9 withdrew 153,511 SOL ($26.4 million) from Binance in the past six days [from October 27th] and staked it. EHax…gAUa withdrew 35,498 SOL ($6.12 million) from Binance and Kraken in the past three days [from October 27th] and staked it. EGzi…mR7g withdrew 13,000.8 SOL ($2.3 million) from Binance [on October 27th] and currently holds 95,651 SOL ($16.83 million).” Solana is trading for $180 at time of writing, up 2.63% in the last 24 hours. Next up, Lookonchain reports that new wallets have suddenly accumulated more than 13 million Neiro on ETH (NEIRO), dubbed by the project as “...

Kraken is set to acquire the Netherlands-based cryptocurrency platform as part of its European expansion plans. United States-based exchange Kraken has announced a pending deal to acquire Netherlands-based cryptocurrency exchange Coin Meester B.V. (BCM) as it sets its sights on European expansion . While financial details of the deal have not been disclosed, Kraken and BCM announced the coming acquisition following the European Union’s implementation of its Markets in Crypto-Assets (MiCA) regulatory framework. The announcement from Kraken highlights its plans to grow its business across Europe, having acquire d virtual asset service provider (VASP) licenses to operate in Ireland, Italy and Spain. A statement from Kraken CEO David Ripley highlighted the strength of the Netherlands economy, the high level of cryptocurrency adoption and a culture of innovation as driving reasons for looking to establish a base of operations in the country. “The acquisition of BCM will give Kraken a si...