Crypto

XRP whales withdraw $165 million from exchanges; will selling pressure ease?

XRP whales withdrew about $165 million worth of tokens from major exchanges on Sept. 11, the biggest intraday outflow since February. On-chain data showed withdrawals concentrated on Binance, with additional outflows from Bybit, OKX, Upbit and Bithumb. XRP swung sharply during the session, rising to $1.43 before ending at $1.35, up 1.64 percent on the day. The market often reads large withdrawals as reducing sellable supply, but the move did not immediately turn bullish.

Crypto

U.S. seeks forfeiture of $61 million in crypto tied to alleged Iran oil payment laundering via Binance accounts

U.S. federal prosecutors are seeking civil forfeiture of about $61 million in cryptocurrency they say is linked to proceeds from Iran’s black-market sales of sanctioned crude oil and petroleum products. Prosecutors filed a civil complaint and alleged the funds could have been used by Iran’s government, military and the Islamic Revolutionary Guard Corps. The complaint names two China-linked firms and identifies an interconnected wallet network that allegedly moved more than $1.5 billion.