An Ethereum Foundation-affiliated wallet that had been inactive for over six years recently resumed activity, transferring 92,500 ETH, roughly $295 million, to a new address.
This wallet’s last known activity was over six years ago, drawing notable interest from the crypto community.
The funds were initially allocated by the Ethereum Foundation on September 1, 2015, shortly after Ethereum’s launch. The purpose of this transfer is unclear, but it has not led to major market changes.
Bitcoin and Ethereum rebounded on Thursday, recovering to earlier week levels. Bitcoin saw a 4.58% increase, reaching $67,166, while Ethereum rose by 2.1% to $3,243.
This recovery comes after a significant drop on Wednesday due to market-wide liquidations. Despite the bounce-back, investor sentiment remains mixed.
In 2020. Justin Sun, the founder of the Tron blockchain, made headlines by gifting 1,930,830 TRX tokens to famous American investor Warren Buffett.
The Dogecoin Foundation has announced a significant update to its development roadmap, with the highlight being Project Sakura, a protocol upgrade designed to increase the speed and size of blocks tenfold while ensuring optimal decentralization.
Asset manager WisdomTree has asked the U.S. Securities and Exchange Commission (SEC) to withdraw its S-1 application for a spot Ethereum exchange-traded fund (ETF), more than three years after it was originally filed.
Crypto analyst Dan Garbadello has warned Cardano (ADA) investors to brace for potential market volatility amid economic signs of a looming recession.