Two ancient Bitcoin (BTC) addresses are active again after a period of dormancy that started when Satoshi Nakamoto, the eponymous creator of the crypto king, was still publicly involved in the development of the flagship digital asset.

According to the blockchain tracker Whale Alert, the two addresses that were previously active in April of 2010 have now transferred a total of slightly over $11.8 million in Bitcoin.

The relatively older address among the two initially received 50 Bitcoin on April 18th of 2010, when BTC was trading at $0.00547. With Bitcoin trading at $118,707 at the time of the recent transfer, the address is sitting on an increase of over 2.17 billion percent.

The relatively newer address received a similar amount of Bitcoin on April 26th of 2010. At the time, Bitcoin was trading at $0.003, translating to an increase of approximately 3.957 billion percent at the time of the transfer.

On the two early Bitcoin addresses, Whale Alert further says,

“According to our research the two 50 BTC dormant address transactions earlier today were mined at the end of the period during which Satoshi [Nakamoto] was active (until around block 54,316). However, it is very unlikely the blocks were mined by Satoshi.”

The last publicly verifiable digital sighting of Satoshi was in December of 2010, when he provided an update on his progress in enhancing Bitcoin’s security against denial-of-service (DoS) attacks.

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Two Ethereum wallets dormant for nearly a decade were activated on Monday, moving a combined 1,140 Ether tokens worth nearly $2.9 million.

The two wallets — one starting in “0x27” and the other “0x7f” — were created 3,630 days ago, on July 30, 2015. That date marked the mainnet launch of the Ethereum blockchain, a phase called “Frontier” in the history of the ecosystem. Both wallets received their inicial Ether (ETH) from transactions labeled as “GENESIS” on Etherscan, indicating they were funded at launch.

Ethereum debuted in 2015 as a proof-of-work blockchain, featuring traditional mining and block rewards akin to the Bitcoin network. It transitioned to a proof-of-stake mechanism in September 2022 during The Merge, a move aimed at reducing the energy usage required to run the network.

According to TradingView, ETH has appreciated 89,450% in the nearly 10 years that the wallets have remained dormant.

Crypto watchers have seen a wave of dormant whale wallets reawakening lately. On Friday, three Bitcoin (BTC) wallets that had been dormant for 14 years awakened and transferred billions of dollars in funds.

In 2024, dormant Satoshi-era Bitcoin wallets reawakened to transfer coins worth nearly $44 million at the time.

Related: Ethereum’s comeback strategy — Foundation exec reveals what’s next

Ethereum developments include Pectra upgrade, gas cap

Ethereum’s latest upgrade, called Pectra, has brought smart accounts, improved scalability, and higher staking limits to its ecosystem. Ethereum developers initiated the upgrade on May 7, and since then, the price of ETH has risen to $2,540 from $1,812, according to CoinMarketCap.

Vitalik Buterin has submitted further developments for the ecosystem. On Sunday, the Ethereum co-founder and researcher Toni Wahrstätter issued a proposal that contains a gas cap of 16.77 million for individual transactions.

According to the authors, this would increase Ethereum’s performance and security. “By implementing this limit, Ethereum can enhance its resilience against certain DoS vectors, improve network stability, and provide more predictability to transaction processing costs.”

Magazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs — Inside story

]]> https://earlybirdsinvest.com/two-ethereum-genesis-wallets-wake-move-2-9m-eth/feed/ 0 46365 https://earlybirdsinvest.com/bitcoin-dips-in-wake-of-tariff-wars-but-dont-panic-yet-says-analyst/ https://earlybirdsinvest.com/bitcoin-dips-in-wake-of-tariff-wars-but-dont-panic-yet-says-analyst/#respond Thu, 10 Apr 2025 07:15:37 +0000 https://earlybirdsinvest.com/bitcoin-dips-in-wake-of-tariff-wars-but-dont-panic-yet-says-analyst/

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The global tariff war sparked by US President Donald Trump’s blanket 10% tariff on all countries – effective April 5 – continues to escalate, sending shockwaves through global markets. In a sharp retaliation, China has announced an 84% tariff on US imports, following Washington’s move to increase tariffs on Chinese goods to 104%. 

Bitcoin Shows Weakness Amid Rising Global Tariffs

This rising economic tension has injected significant volatility into traditional and digital asset markets, with Bitcoin (BTC) showing signs of weakness amid growing uncertainty.

Over the past seven days, Bitcoin has dropped by 9.1%, falling from approximately $87,100 on April 2 to around $76,000 at the time of writing. The weakness isn’t isolated, as altcoins like Ethereum (ETH), Solana (SOL), and XRP have posted double-digit losses, underperforming even the flagship cryptocurrency.

Meanwhile, the probability of a global recession has spiked to 68%, its highest level since the height of the COVID-19 pandemic. Major equity markets are also under pressure, with the Dow Jones Industrial Average plunging 9.8% over the past five days – one of its sharpest short-term declines in recent memory.

Despite the grim macroeconomic backdrop, prominent crypto analyst CryptoGoos believes there’s no need for panic yet. Sharing a historical BTC price chart, the analyst noted that “every bull market sees major corrections,” and that the current dip is not unusual.

In a separate post on X, CryptoGoos also highlighted that crypto whales – wallets with substantial BTC holdings – are accumulating at an unprecedented rate. While this could signal confidence from institutional players, it may also suggest potential volatility ahead, as large investors can manipulate prices and trigger “bull traps” to shake out retail traders.

​​On the other hand, analyst Master of Crypto presented a more optimistic outlook. Pointing to a bullish divergence forming on the daily BTC chart, the analyst suggested that Bitcoin could target $83,500 in the short term if current support levels hold.

Is BTC Heading To $65,000?

However, not all experts share this enthusiasm. Commentator Titan of Crypto warned that BTC is approaching a critical inflection point. He shared the following weekly chart showing Bitcoin testing two historically strong support levels – the 50-week simple moving average (SMA) near $73,000, and a 2-year rising trendline around $65,000.

Despite conflicting short-term views, a recent Binance Research report emphasized Bitcoin’s underlying strength. The report noted that, despite mounting tariff pressures, BTC’s March 2025 monthly close maintained the asset’s bullish market structure. At the time of writing, BTC is trading at $76,756, down 4.1% over the past 24 hours.

Featured Image from Unsplash.com, charts from X and TradingView.com

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