Cryptocurrency
World Blockchain Summit: Pioneering Insights and Strategic Partnerships Ignite in Dubai

[PRESS RELEASE – Dubai, United Arab Emirates, May 9th, 2024]
Building on the momentum from a successful first day of the World Blockchain Summit (#WBS), organized by Trescon, Day 2 concluded with thought-provoking discussions, cutting-edge innovations, and actionable insights at the JW Marriott Hotel Marina in Dubai. Held on April 22nd and 23rd, the event gathered leading industry experts, blockchain innovators, government stakeholders, and investors, collectively spotlighting the practical applications of next-generation blockchain solutions.
The World Blockchain Summit outdid expectations drawing over 2000+ C-Suite, 300+ investors, 100+ sponsors, and 50+ speakers. The event fostered a dynamic environment for learning, networking, and innovation. Filled with rich discussions and insightful keynotes, the Summit focused on enhancing the adoption of blockchain across crucial sectors such as finance, food industries and more.
Some of the notable highlights from the event was the panel discussion on “The Investor’s Perspective of Digital Assets: Challenges and Promises of the Digital Age”, moderated by Juliet Su, Partner, NewTribe Capital, examined the role of developing economies in embracing digital assets as a means for financial inclusion and economic growth. The panellists, Richard Muirhead, Managing Partner, Fabric Ventures; Diana Biggs, Partner, 1kx; Amit Grover, General Partner and Managing Partner, Koinonos Capital and Grover & Company, shared their insights on how the digital asset landscape is evolving.
Another noteworthy session was the keynote presentation on “Unleashing the Power of Blockchain: A Journey Beyond Transactions”, by Rizwan Shaikh, Chief Technology Officer at White Shark Blockchain Solutions DMCC.
One standout moment was the panel discussion on “Enterprise Adoption: Opportunities, Challenges, and Emerging Trends in the Blockchain ecosystem”. Moderated by Maha Al-Saadi, Head of Regulatory Affairs, QFC Financial Services Sector, the panel explored the unique challenges and barriers in blockchain adoption. The panellists, George Gvazava, Chief Crypto Officer, Bank of Georgia; Maher Al Kaabi, Advisor to Chairman & Independent Board, Alserkal Group; Aditya Tallapragada, CEO, Medifakt; Wolfgang Grabher, Founder, CEO and Chairman, SUN AG; Kiruthik Raaj, Co-founder & Head of Engineering, Hedgeblock, deliberated on the successful blockchain use-cases and spoke about the educational initiatives to bridge the knowledge gap and drive mainstream blockchain adoption.
Sharing his experience, Thomas Bleimuth, Chief Asset Management Officer at Anbruggen Capital, remarked, “I appreciate the opportunity to speak at the WBS panel. It was very well-organized and a truly memorable experience.”
Sharath Kumar, Business Director, Trescon, expressed his enthusiasm about assembling global blockchain pioneers and innovators in Dubai, noting, “The Summit showcased Dubai’s strategic emergence as a global hub for cryptocurrency, accentuating its significant role within the regional and worldwide innovation ecosystems that drive blockchain adoption forward.”
The event also hosted the Dubai regionals of the Startup World Cup by Pegasus Tech Ventures, offering startups a stage to present their innovations to global investors. Among the competitors, Pentagon Games emerged victorious, leading the rapidly evolving gaming industry by integrating XR Metaverse for innovative content distribution and employing Web3 and AI as the foundation for their GameFi initiatives.
Following the remarkable success of the World Blockchain Summit in Dubai, we are grateful to CNBC for their invaluable partnership. Their support has been instrumental in reinforcing our commitment to advancing global blockchain innovation and collaboration.
The 29th edition of the World Blockchain Summit is supported by:
Strategic Partners – DIFC Innovation Hub , Dubai AI & Web3 Campus
Co-Host – Sun Minimeal
After Party Sponsor – Floxypay
Gold Sponsors – Cardano Foundation , Medifakt, Crypto2Cash, Anbruggen, Bitflex
Silver Sponsors- Kreation, Coingames, Reat Capital, ACM Finance , Website AI, Vision Chain
Lanyard Sponsor- M2
Badge Sponsor – Ledn
Lunch Sponsor – Payper
Bronze Sponsor- BitGo, M2 , Block Convey, Genesis Digital Assets , Hedge , Golfin, Build-AI
Pitch Partners – Reat Capital , soukcola , MeAI , Zherpa , FidesInnova Labs, Pentagon Games
Exhibitors- DSQ Solutions , Reltime, Qoneqt , C# Corner , Islamic Dinar, Technoloader, Verichains, Vault, Ecotrader.io, Ideofuzion, NuChain, LCX
Official Accommodation Partner- HotelPlanner
Ecosystem Partner – Entrepreneur Media
Business Broadcast Partner – CNBC Arabia
Official Newspaper Partner- The Fintech Times
Official Digital PR Distribution Partner – ZEX PR Wire
ABM Partner- Demandify
Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association
Prime Media Partner- Demandteq
Community Partner – Hyperledger Foundation, The Digital Chamber
About World Blockchain Summit (WBS)
World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally.
WBS is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strived to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.
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Cryptocurrency
Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

TL;DR
- Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
- Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
- Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.
Large Withdrawals and Whale Activity
Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours.
Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.
One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.
Major ETH Holders Offload Millions Amid Price Rally
In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.
A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months.
Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578.
Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.
The #EthereumFoundation-linked wallet(0xF39d) sold another 1,300 $ETH($5.87M) at $4,518 ~11 hours ago.
Over the past 3 days, this wallet has sold a total of 6,194 $ETH($28.36M) at an average price of $4,578.https://t.co/4hfCWymHVG pic.twitter.com/ErUyEY8SJy
— Lookonchain (@lookonchain) August 15, 2025
Network Activity on the Rise
CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.
Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period.
At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.
In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.
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Cryptocurrency
Massive DOGE Whale Activity Hints at $1 Breakout

TL;DR
- Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
- A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
- DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.
Price and Market Moves
Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion.
Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.
On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.
$Doge/2-week#Dogecoin is gaining strong momentum to surge above $1 pic.twitter.com/TuSEKr19nv
— Trader Tardigrade (@TATrader_Alan) August 15, 2025
Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.
Heavy Whale Buying and Large Transfers
As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community.
Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.
Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.
Whales are back! Dogecoin $DOGE activity at a 1-month high. pic.twitter.com/C83Pv68mCt
— Ali (@ali_charts) August 14, 2025
Sentiment Building
Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding,
“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”
With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.
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Cryptocurrency
Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.
Technical Analysis
By ShayanMarkets
The USDT Pair
On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.
Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.
However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.
This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.
The BTC Pair
Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.
This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.
That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
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