Author: dfmines

Bitcoin has seen modest upward momentum in the past 24 hours, climbing back above $83,000 following a recent correction period. The move comes shortly after US President Donald Trump announced a temporary 90-day pause on tariffs, offering a degree of relief to global financial markets. Though the asset remains down approximately 24% from its all-time high of over $109,000 set in January, its recent decline has now been trimmed to single digits on a weekly scale. This recovery coincides with increased interest from large-scale Bitcoin holders. Related Reading: Analyst Compares Trump’s Market Impact to Obama Era as Bitcoin Sees Momentum $3.6 Billion Inflows Suggest Renewed Institutional Activity On April 9, accumulation addresses—wallets associated with long-term investors that rarely distribute funds—received a notable 48,575 BTC, according to on-chain data shared by CryptoQuant analyst Burak Kesmeci. This inflow, the largest since February 2022, totaled approximately $3.6 billion in value. The timing, according to Kesmeci, is significant: it mirrors a similar event from the past, both in scale and macroeconomic backdrop. Kesmeci emphasized that these accumulation wallets typically increase holdings during market pullbacks. The April 9 transaction occurred when Bitcoin traded around $76,000, a level tested during last week’s sell-off triggered by concerns over renewed trade tensions. The volume and pattern of inflows suggest a recurring strategy among institutional or long-term market participants whereby they capitalize on corrections and accumulate during uncertainty. Interestingly, the total value of the inflows—$3.6 billion—matches that of February 1, 2022, another period marked by broader macroeconomic instability. While this could be coincidental, Kesmeci noted that the repetition of such behavior in response to macro-driven price declines may indicate a deeper behavioral trend among accumulation address holders. Massive $3.6 Billion Bitcoin Inflow to Accumulation Addresses! “Bitcoin accumulation addresses received 48,575 BTC — the largest single-day inflow since February 1, 2022. When accumulation addresses move this aggressively, it’s worth paying attention.” – By @burak_kesmeci pic.twitter.com/MVIFUcXKWz — CryptoQuant.com (@cryptoquant_com) April 10, 2025 Bitcoin Whales Increase Reserves Despite Weak Network Activity Adding to the accumulation narrative, another CryptoQuant analyst known as caueconomy noted that whale wallets—addresses holding large BTC balances—have resumed consistent buying since March. According to caueconomy, more than 100,000 BTC has been added to whale reserves in that timeframe. This comes despite the subdued on-chain activity and a visible pullback in retail participation. The distinction between investor profiles has become clearer in recent months. While smaller investors appear to be withdrawing amid heightened market uncertainty, large holders are taking advantage of lower prices to strengthen their positions. Related Reading: Bitcoin Battles Tariff Turmoil: Can the 2-Year Realized Price Hold the Line? The strategy, according to caueconomy, aims to reduce average acquisition costs and position for long-term gains. This divergence in behavior may not translate to immediate price shifts but could set the stage for a more pronounced upward move once broader sentiment recovers. Featured image created with DALL-E, Chart from TradingView

A globe-spanning crypto romance scam that funneled $2.5 million through digital wallets has unraveled, exposing a mastermind now staring down 40 years behind bars. Feds Hunt Down Suspect in $2.5M Crypto Scam—Now He Faces 40 Years in Prison The U.S. Department of Justice (DOJ) announced on April 9 that a Nigerian man has been charged […]

Welcome to the Daily General Discussion on r/ethereum https://imgur.com/3y7vezP Bookmarking this link will always bring you to the current daily: https://old.reddit.com/r/ethereum/about/sticky/?num=2 Please use this thread to discuss Ethereum topics, news, events, and even price! Price discussion posted elsewhere in the subreddit will continue to be removed. As always, be constructive. – Subreddit Rules Want to…
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https://preview.redd.it/x6a41p2rfcue1.png?width=1192&format=png&auto=webp&s=ae2ed7f9fa47f40be4078d8b1ef1015184decd34 big eth short! started at 4-5m then 9m and as the price went up he kept adding more to his position now at 58m lol BTC long was timed perfectly submitted by /u/MeasurementOwn6506 [link] [comments]

Tron founder Justin Sun says he’s unaware of the recent rumors surrounding former Binance CEO Changpeng “CZ” Zhao, following reports alleging that Zhao provided evidence against him as part of his plea deal with the US Department of Justice (DoJ).“I’m not aware of the circulating rumors. CZ is both my mentor and a close friend,” Sun said in an April 11 X post. Sun brushes off CZ rumors“He has played a crucial role in supporting me during my entrepreneurial journey,” Sun added.Sun’s X post came just hours after speculation grew over an April 11 Wall Street Journal report, which alleged that Zhao agreed to provide evidence on Sun as part of his plea deal, citing sources familiar with the matter. Zhao was sentenced to four months in prison in April 2024 for Anti-Money Laundering (AML) violations.The report added, “that arrangement hasn’t previously been reported.”Source: dbWhile Zhao is yet to publicly address the reports, Sun commended Zhao’s integrity and said that the DoJ is one of T3 Financial Crime Unit’s (T3 FCU) — which Tron co-founded along with Tether and TRM Labs — “closest and most trusted partners.” “To this day, his conduct and principles remain the highest standard I strive to follow as a founder,” Sun said of Zhao. Sun added:“Whether it’s CZ or our partners at the DOJ, we maintain direct, honest communication at all times. I have full trust in each and every one of them.”Zhao walked free from a US federal prison on Sept. 27. With a reported net worth of approximately $60 billion at the time, Zhao is the wealthiest person ever to serve a prison sentence in the US.Source: Justin SunMeanwhile, on Feb. 26, the US Securities and Exchange Commission and Sun asked a federal court to pause the regulator’s case against the crypto entrepreneur to allow for settlement talks.In March 2023, the SEC sued Sun and three of his companies, the entity behind Tron, the Tron Foundation and the file-sharing platform backers the BitTorrent Foundation and its San Francisco-based parent firm, Rainberry Inc.Cointelegraph reached out to the US Department of Justice but did not receive a response by time of publication.

Bitcoin maximalist Samson Mow has doubled up on his value criticism of Ethereum’s price, asserting ETH is still overvalued despite Bitcoin’s price almost quadrupling since 2022. The JAN3 CEO referred to the glaring disparity in performance between the two top cryptocurrencies over a near three-year span. Related Reading: XRP ETF Launch Impresses Even In Bear Market, Says Analyst Price Gap Grows As Bitcoin Rises According to data, Ethereum now sits at $1,558, essentially the same as its August 2022 price of $1,600. Meanwhile, Bitcoin has climbed from $21,500 to $82,302 – an eye-popping 270% rise. The widening gap has only served to bolster Mow’s contention that Ethereum’s price does not correlate with its fundamentals. Mow re-tweeted his August 23, 2022 post this week to emphasize his steadfast stance. His criticism focuses on supply variations between the cryptocurrencies. Bitcoin has less than 21 million overall coins, while Ethereum boasts 122 million circulating tokens. #Ethereum is overvalued. 1 BTC = $21.5k 1 ETH = $1.6k 21M BTC supply (actually less) 122M ETH supply (72M premined) Adjusted for unit bias (ETH price at 21M units) one ETH would be $9.3k. So some people are paying $9.3k per unit of something that’s 60% printed from thin air. — Samson Mow (@Excellion) August 23, 2022 ‘60% Minted Out Of Thin Air’ Claim Targets Ethereum’s Origins Based on Mow’s quotations, about 72 million ETH tokens (approximately 60% of the supply) were premined at the time of Ethereum’s launch. Token creation before the start of public mining has been quite an issue for purists in cryptocurrency for some time. Possibly, the Bitcoin maximalist suggested that if 21 million coins were all there would be in supply for Ethereum like in Bitcoin, then each ETH would be valued today at around $9,300. Mow is again targeting investors in Ethereum, saying they are paying too much for an asset whose supply is exaggerated. Sensitive To Macroeconomic Forces Ethereum recently fell to a multi-year low of $1,380 on the back of global tariff trade war tensions. The cryptocurrency bounced back immediately to $1,680 on April 9 after US President Donald Trump declared a three-month tariff tariff hike pause on various countries, with China being the exception. These movements illustrate how both cryptocurrencies are still sensitive to macroeconomic forces even as they have different value propositions and market performances. Ether down in the last week. Source: Coingecko Related Reading: From Joke To Juggernaut: Dogecoin Value Revolution Gets Nod From Global Asset Giant Long-Standing Campaign Against Ethereum Continues This is not Mow’s first time criticizing Ethereum. He has been vocal against ETH for years. In November 2024, he cautioned investors that the fate of Ethereum could be the same as their favorite tokens. Mow, who forecasts Bitcoin to hit $1 million this year, has told investors to sell everything, including Ethereum, and invest in Bitcoin instead. The debate underscores deep-seated differences in cryptocurrency investment philosophies. While Bitcoin maximalists such as Mow focus on scarcity and Bitcoin’s “digital gold” status, Ethereum supporters highlight the platform’s smart contract abilities and wider applications ecosystem. As the price differential between the two leading cryptocurrencies continues to expand, these debates regarding relative value and suitable pricing models draw greater interest from investors and market analysts in common. Featured image from Reuters, chart from TradingView

More than $35,000 has been recovered after a bitcoin scam targeted an elderly victim, signaling a major win for cybercrime investigators in Ohio. $35K Recovered After Pop-up Bitcoin Scam Targets Victim and Sparks Statewide Probe Investigators with the Ohio Bureau of Criminal Investigation (BCI) helped recover more than $35,000 for a woman in Hamilton County […]

On-chain data shows the large Bitcoin wallets have witnessed notable growth recently, a sign that confidence around the asset may be going up. Bitcoin Wallets With 10+ Tokens Have Seen Their Count Go Up Recently In a new post on X, the on-chain analytics firm Santiment has discussed about how the trend in the Supply Distribution has looked for the cryptocurrency’s key holders. The “Supply Distribution” here is an indicator that measures, among other things, the number of wallets that belong to a particular group. The investors or addresses are divided into these cohorts based on the number of tokens that they are holding in their balance. Related Reading: Bitcoin Dominance: BTC’s MVRV Outpaces ETH’s For Record 812 Days The 1 to 10 coins group, for instance, includes all investors who own between 1 and 10 tokens. In the context of the current topic, the coin range of interest is the 10+ coins one (with the upper limit being infinity). At the current exchange rate, the cutoff for this range converts to around $821,000, so the only investors who would be able to qualify for it would be the large ones. Two key cohorts in particular fall in this range: the sharks and whales. The influence of any entity in the market goes up the more coins that they hold, so the sharks and whales with their sizeable holdings can occupy an important spot in the ecosystem. As such, the trends related to them can be worth keeping an eye on. The Supply Distribution allows for one such way to track these investors. Below is the chart for the indicator shared by the analytics firm that shows the trend in its value over the last few months: As displayed in the graph, the Bitcoin Supply Distribution for the 10+ coins range was following a slight overall downtrend during the last few weeks, but in the past day, the metric’s value has seen a turnaround. This suggests that the sharks and whales are now growing in number again. The reversal in the population of these large entities has come as US President Donald Trump has announced a 90-day pause on the tariffs for most countries. The tariffs had earlier unleashed FUD on the market, leading to a crash for BTC and other digital assets. With the news of the pause, however, the coins have shown a rebound. Related Reading: Bitcoin Breakout Above This Level Could Set Stage For $208,550 Top, Analyst Says During the jump, wallets with 10+ coins have gone up by 132, which is the largest jump since February 20th. The analytics firm notes that this indicates “a higher level of confidence from crypto’s key stakeholders.” It now remains to be seen whether the big-money investors would continue to buy into Bitcoin in the coming days or not. BTC Price At the time of writing, Bitcoin is trading around $82,100, down around 1% in the last week. Featured image from Dall-E, Santiment.net, chart from TradingView.com