According to a report by Chainalysis and AUSTRAC, cryptocurrency rails for remittances are booming in Latam. This use case, which previously struggled to gain momentum, is currently experiencing significant growth, with volumes increasing by over 40% in 2024 and the potential for further growth as stablecoins go mainstream. Cryptocurrency Remittances Grow 40% in Latam With […]

Cryptocurrency Remittances Spike 40% in Latin America

Ethereum has been consolidating around the $2,500 price level over the past 
few days, showing little momentum in either direction. The second-largest 
cryptocurrency by market cap has struggled to sustain a breakout above the 
$2,600 resistance zone, despite the inflows into Ethereum Spot ETFs last week. 
Related Reading: $57 Million In Crypto And Counting: Trump’s World Liberty 
Connection One event that has sparked interest, and possibly concern, among 
Ethereum holders is the reactivation of a dormant whale wallet holding 
millions worth of ETH. The sudden awakening of this long-inactive address 
raises questions about a potential selling pressure and its market impact. 
First Transaction From Dormant ETH Address Since 2015 On-chain tracker Whale 
Alerts was the first to report the reawakening of a pre-mined Ethereum address 
that had been inactive for nearly a decade. According to the large on-chain 
transaction tracker, the wallet, which held 2,000 ETH, initiated its last 
transaction 9.9 years ago. When the wallet last moved any funds in 2015, the 
entire stash was worth just $620. Today, that same amount is valued at over $5 
million, making the owner’s profit roughly 820x based on current prices. At 
Ethereum&#8217;s all-time high price of $4,878 in 2021, the cryptocurrencies reached 
an unrealized gain of 1573x. 💤 A dormant pre-mine address containing 2,000 
#ETH (5,063,918 USD) has just been activated after 9.9 years (worth 620 USD in 
2015)!https://t.co/G0i8Rif0XX — Whale Alert (@whale_alert) June 14, 2025 The 
alert by Whale Alerts, which noted the first transaction after 9.9 years, 
involved the transfer of 0.0001 ETH from the whale address &#8220;0xcF26&#8221; to address 
&#8220;0x2C12,&#8221; which is a newly created ETH address. However, Etherscan&#8217;s on-chain 
transaction data reveals that the whale address sent 500 ETH into the newly 
created address shortly afterward. Following the string of transaction data 
from Etherscan shows that these 500 ETH eventually made their way into address 
&#8220;0x28C6,&#8221; which is known to be owned and controlled by crypto exchange 
Binance. This means that the 500 ETH may have already been sold through the 
exchange or are currently being prepared for liquidation. Brace For Impact: 
Will The Remaining 1,500 ETH Be Sold? As of now, the original whale address 
still holds approximately 1,500 ETH, currently valued at $3.796 million. 
However, it opens up the question of whether the rest of the funds will also 
be sold. Although we cannot be sure of a planned full liquidation, the pattern 
of the 500 ETH transfer and the involvement of an exchange address indicate 
that the possibility cannot be dismissed. Right now, Ethereum is in a fragile 
price action around the $2,500 price level. If more ETH is offloaded by the 
whale, the added selling pressure could make it even harder for Ethereum to 
break out of its current consolidation phase, especially if there isn&#8217;t enough 
buying pressure to absorb the ETH sold off. Related Reading: Billionaire Snaps 
Up $100 Million Of Trump Coin – Details At the time of writing, Ethereum is 
trading at $2,525. The past 24 hours were spent by Ethereum trading between 
$2,549 and $2,495. Featured image from Unsplash, chart from TradingView

Dormant Ethereum Wallet Awakens After 10 Years With Millions Worth Of ETH

Bitcoin plummets on Israel-Iran conflict, Bitcoin liquidations surge to $1.16 
Billion, Robert Kiyosaki declares civil war has begun, and more in this Week 
in Review. Week in Review Bitcoin plunged below $104,000 following Iranian 
airstrikes by Israel. The dip triggered a wave of liquidations totaling $1.16 
billion. Economist Peter Schiff seized the opportunity to criticize […]

Bitcoin Plummets on Israel-Iran Conflict, Bitcoin Liquidations Surge to $1.16 Billion, and More — Week in Review

Stablecoins are nearing a breakthrough moment, according to Circle CEO Jeremy 
Allaire, who likens their current state to the early days of the iPhone — full 
of untapped potential waiting on better infrastructure and developer tools. 
Allaire described stablecoins as…

iPhone moment incoming? Circle CEO says stablecoins are almost there

Strategy co-founder Michael Saylor hinted the company would purchase more 
Bitcoin on Monday when traditional financial markets open.

Saylor signals impending Bitcoin purchase amid Israel-Iran conflict

The ZKJ token&#8217;s crash highlights the vulnerability of crypto markets to 
liquidity shifts, impacting investor confidence and market stability.
The post Polyhedra Network&#8217;s ZKJ token crashes over 80% after Binance Alpha 
LPs reportedly pull liquidity appeared first on Crypto Briefing.