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[News Brief] Apr 22, morning | On-Chain Analyst Spots Sale of 5,004 ETH by Wallet Suspected to Be Linked to Mining Express

On-chain analyst Spector said a wallet suspected of being linked to Mining Express swapped 5,004 ETH for 8.8 million DAI. The wallet has previously drawn attention over alleged links to a suspected Ponzi scheme.

[News Brief] Apr 22, morning | On-Chain Analyst Spots Sale of 5,004 ETH by Wallet Suspected to Be Linked to Mining Express

On-Chain Analyst Spots Sale of 5,004 ETH by Wallet Suspected to Be Linked to Mining Express

Source: PANews. On-chain analyst Spector said on X that a wallet suspected of being linked to Mining Express swapped 5,004 ETH for about 8.8 million DAI around 16 hours ago.

Spector said he first flagged the address on June 15 and recently completed additional tracing analysis. The wallet is reportedly linked on-chain to the Mining Express project, which was launched in Ukraine in 2019 by Brazilian founder Caje Fujiyama.

Mining Express initially recruited investors through a multi-level marketing model, but later faced allegations of being a Ponzi scheme. After halting payouts, it was reportedly repositioned around business models such as cloud rendering.

Large-Scale On-Chain Transfer of $100 Million in TRX

According to Whale Alert, 323 million TRX, worth about $105.38 million, was transferred from an anonymous wallet to a newly created anonymous wallet.

The transfer has not been identified as an exchange inflow. However, given that it exceeds $100 million, the market is watching for the possibility of short-term volatility.

Ledger Co-Founder Says BTC at $1 Million to $10 Million Could Signal an Unstable World

Ledger co-founder Eric Larcheveque said that a scenario in which BTC reaches $1 million or $10 million could imply an unstable world marked by war, fiat currency failure, or a debt crisis.

Source: Wu Blockchain. In an interview on June 25, Larcheveque said that in a perfect world, no one would need BTC, so its value would not be significant. In an unstable world, however, it becomes important as a final settlement asset and a tool for preserving wealth.

He added that BTC does not mean the same thing to people in Iran and France. His point was that BTC may be perceived differently depending on a country’s monetary and political risks.

Bitcoin Reclaims $63,000

Watcher.Guru reported that Bitcoin has reclaimed the $63,000 level.

The crypto market has recently been highly sensitive to short-term buying momentum and investor sentiment depending on whether key price levels are broken.

ETH Breaks Above $1,800

ETH has moved above $1,800 based on OKX market data.

According to PANews, ETH is currently trading at $1,802.43, with a daily gain of 0.62%.

Adam Back Says He Has a Buy Order for 21 Million BTC at $0.02

A Bitcoin historian account shared a remark by Adam Back saying he has placed a buy order for 21 million BTC at $0.02.

The comment was intended to suggest that Bitcoin will not go to zero, and it does not represent a new disclosure or policy announcement with direct market impact.

Source: @pete_rizzo_