Whale Watching: $2 Billion Bitcoin Stirs Up Market Mayhem
These wallets transferred their balances to new addresses, sparking fears of long-term holder capitulation.
These wallets transferred their balances to new addresses, sparking fears of long-term holder capitulation.
This jolly news comes courtesy of SlowMist’s mid-year “Blockchain Security and AML Report.” The score: $2.37 billion spirited away in just 121 incidents in H1 2025. The kicker? That’s nearly 66% more cash lost than at this time in 2024, although—miracle of miracles—the number of incidents actually went down. It’s like fewer bank robbers, but each one left riding a gilded carriage.
Over at Binance, if you listened close, you could hear a thundering—a hundred million bucks in net taker volume, not from the timid but the hungry, the bold, each one outbidding a neighbor for a little slice of hope before the government flashed its numbers. Classic human nature: just before the dawn, someone’s always buying candles.
We stand at the crossroads of innovation and responsibility. As the founder of Paribu, I believe it’s essential not only to participate in this evolution but also to help define its trajectory.
Watkins expected the duo to rally in the coming quarters as Wall Street piles in to chase the stablecoin and tokenization narratives. He added,
President Donald Trump, that stalwart champion of… well, himself, saw his personal crypto portfolio plummet by a whopping 78% in just six short months 📉. One can almost hear the anguished cries of “Fake news!” and “Sad!” echoing through the halls of Trump Tower 🗼️.
Japan’s interest rates are so low, you’d think they were in witness protection. So, MetaPlanet is offering yen-denominated securities at a juicy 9–10% yield—using Bitcoin as a backup plan. Finally, something in finance as unpredictable as my bangs in the humidity.
Early Friday, two wallets, labelled “12tLs…xj2me” and “1KbrS…AWJYm,” moved 20,000 BTC, worth over $2 billion, to new addresses, according to data tracked by blockchain sleuth Lookonchain. The addresses received these coins on April 3, 2011, when bitcoin was priced at around 78 cents.
In a surprising turn of events, the same day President Donald Trump’s “One Big Beautiful Bill” was passed, Republican House leaders decided to declare the week of July 14th as “Crypto Week”! 🎉 According to a press release by Arkansas House Republican French Hill, this week will feature a marathon review of three key pieces of crypto legislation. 📜
The MiCA legislation, which came into full force on December 30, 2024, is quite the game-changer. It is, without a doubt, the first truly comprehensive global regulatory framework for crypto-assets, service providers, and issuers. And while some exchanges were hesitant to sign up at first, it’s clear that getting licensed means: