Bitcoin Cash breaks key resistance amid renewed demand while Cardano tests critical support levels in sideways market conditions.
A dormant Bitcoin wallet containing 300 BTC, valued at nearly $30 million, has reawakened after over a decade of inactivity, sparking speculation across the crypto community. The wallet, believed to have been inactive since late 2011 or early 2012, initiated a transaction earlier this week, transferring 61 BTC worth approximately $6 million. The remaining 239 BTC, still residing in the address, are valued at around $24 million. While no funds have yet been sent to known exchange addresses, the move has reignited debate over the behavior of early Bitcoin adopters and the broader implications for the market. Blockchain analytics platform Whale Alert flagged the transaction Sunday, noting the address had shown no activity for over 11 years. These so-called “Satoshi-era” wallets, often attributed to early miners or adopters, contain coins acquired when Bitcoin traded below $10. With today’s price hovering just under $105,000, the owner of this particular wallet is sitting on a return of more than 23,000%. Notably, the activity coincided with heightened market volatility. Following the transfer, Bitcoin’s price dropped sharply, breaking key support zones around $100,700 and testing a local low of $98,445 before recovering slightly and strongly on Monday. Market analysts suggest that while the transfer did not trigger a mass panic, it has prompted traders to exercise caution. “These old-school moves can jolt short-term sentiment, with traders watching for potential dump or just a stealthy rebalance,” said one observer on X. The mystery behind the motivation remains. Some speculate the holder could be preparing to liquidate a portion of their holdings, while others suggest it may be part of a larger asset reallocation strategy. Still, the fact that most of the coins remain untouched has offered some relief to investors wary of a sudden flood of supply. This isn’t the only dormant whale to resurface recently. On May 13, another post-Satoshi-era wallet holding 300 BTC, valued at over $31 million, became active after 11.1 years. And in April, a staggering 1,078 BTC worth more than $100 million was moved from a 2013 wallet, underscoring the growing trend of long-silent addresses stirring as Bitcoin consolidates near all-time highs. Meanwhile, while retail traders continue to scale back, recent data from Santiment shows that whales and sharks, wallets between 10 and 10,000 BTC, have collectively acquired over 83,000 BTC in the past 30 days. On June 20, Santiment further highlighted how wallets with over 10 BTC increased by 231 in just 10 days. In contrast, smaller wallets holding between 0.001 and 10 BTC declined by 37,465 over the same period. With Bitcoin trading slightly above $107,391 at press time, this accumulation, paired with the reactivations of ancient wallets, highlights how BTC ownership is changing and how these changes can quickly influence market mood and behavior.
UK web company's Bitcoin strategy delivers 6,400% stock gains, sparking copycat wave as CEO claims "most successful IPO in UK history."
The Chair of the Federal Reserve says financial markets are dealing with a unique set of circumstances that may be contributing to dollar weakness. In a recent testimony to the US Senate, Powell tells members of the Senate’s banking panel that while the US dollar appears to be doing better, the Fed has yet to formally form an opinion on the matter. “I would go back to the thought that markets have been digesting an unusually challenging set of circumstances and have reacted the way they reacted. The dollar has kind of stabilized just now, in fact it’s moved back up in the last couple of weeks a bit. There are plenty of people who are still writing that the dollar is still overvalued, we don’t have a view on that of course… I don’t really have an official view I’d like to share, [but] I think there are possible explanations…one of which is that people still feel the dollar is highly valued, but we’ll see.” Touching on the subject of tariffs, Powell says markets are in uncharted territory since tariffs have only ever been going down for many decades. “We’ve been going through a long period where tariffs have been going down. Since World War 2 really, it’s been a process of lowering tariffs globally… There isn’t a lot of modern learning on that. One of the reasons [now] is so challenging is that we don’t have modern precedent.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Fed Chair Jerome Powell Addresses US Dollar Weakness, Says Markets Are in ‘Unusually Challenging’ Circumstances appeared first on The Daily Hodl .
Moca Network, Animoca Brands’ identity-focused ecosystem, has announced Moca Chain, a new Layer 1 blockchain network designed specifically for identity and data management. According to the official statement, this chain enables individual control of personal identities with features such as decentralized storage, cross-chain compatibility, and privacy-preserving verification with zero-knowledge proofs (ZKP). The testnet is planned to be launched in the third quarter of 2025, while the mainnet launch will be in the last quarter of 2025. Moca Chain’s native altcoin, MOCA Coin, will be used for gas fees and validator transactions. Related News: GameStop, One of the Most Talked-About Companies in the US, Makes Another Move to Purchase a Massive Amount of Bitcoin Moca Chain aims to enable user-centric applications and identity protocols to be built on a common user and data network. The usage areas of the Moca token to be released are introduced as follows: Validator Staking: Securing the network and processing identity transactions. Gas Fees: On-chain transaction costs (identification, verification, etc.) Verification Fees: Fee paid to verify proof of identity. Data Storage: Reusability of identity documents Identity Oracle: Cross-chain verification bridge zkTLS based data generation Animoca Brands is known as the company behind altcoins like EDU and SAND. *This is not investment advice. Continue Reading: Company with Two Altcoins Listed on Binance Announces New Altcoin to Be Launched – Here’s the Date and Details
Strategy stock price could be on the verge of a strong bullish breakout as odds of Bitcoin hitting an all-time high rose on Polymarket. MSTR stock was trading at $377 on Wednesday, a few points above this week’s low of $360. It has jumped nearly 70% from its lowest level this year. Strategy stock technical analysis points to a surge The daily chart shows that the MSTR stock price has been in a tight range since May. It has remained above the 100-day and 50-day Exponential Moving Averages, which have provided it with substantial support. Further, Strategy has formed a bullish pennant pattern, which often leads to additional gains. This pattern is composed of a vertical line and a symmetrical triangle, with a breakout occurring when the two lines near their confluence level. The profit target in a bullish pennant is established by first measuring the length of the flagpole and then extrapolating the same distance from the breakout point. In this case, the flagpole’s length is $200—$420 minus $230. The breakout point is $385, bringing the target price to $585, up 52% from the current level. A drop below the support at $342 will invalidate the bullish forecast. This price is the neckline of the double-bottom pattern at $230. MSTR stock price chart | Source: TradingView Odds of Bitcoin price hitting all-time high are rising The main catalyst for the Strategy stock price is the odds of Bitcoin ( BTC ) hitting a record high before October have jumped to 81% on Polymarket . Such a move would be bullish for Strategy because it holds 592,345 Bitcoins currently valued at over $63 billion. You might also like: Can Sei price keep climbing after Circle’s backing and ETF buzz? Bitcoin has strong bullish fundamentals and technicals. For example, Bitcoin supply on exchanges and over-the-counter marketplaces has crashed to the lowest level in years. Bitcoin ETF demand has jumped, with inflows happening in the last eleven consecutive days. These funds have had a cumulative inflow of $47.9 billion since January last year, with BlackRock’s IBIT having over $72 billion in assets. Technically, Bitcoin price has formed a cup-and-handle pattern, a popular continuation setup. This pattern consists of a rounded bottom followed by some consolidation, which is currently underway. Therefore, Bitcoin is likely to break out and potentially rise above $140,000 in the near term. Bitcoin price chart | Source: crypto.news This price target is based on the cup-and-handle pattern, which has a depth of about 30%. Measuring the same distance from the cup’s upper side yields a target price of $141,000. You might also like: Here’s why IOTA price crashed after the Rebased upgrade
The crypto market is defined by cycles of innovation, early accumulation, and disruptive momentum. As 2025 unfolds, MAGACOIN FINANCE has emerged as one of the year’s fastest moving pre-launch candidates. While Bitcoin and Ethereum dominate headlines, traders are paying attention to this rising contender. Meanwhile, Solana holders are eyeing VeChain as a strong diversification play grounded in real-world use cases. MAGACOIN FINANCE: The Early-Stage Powerhouse MAGACOIN FINANCE is capturing headlines with its rapid presale success—raising over $10 million and selling out phases faster than most established altcoins. The project combines meme appeal with technical credibility: a fully audited smart contract via HashEx , capped supply of 170 billion tokens , and a no-VC structure that appeals to both retail and institutional investors. Its community-first strategy, transparent rollout, and surging demand have made it one of the most closely watched early-stage projects of 2025. For many traders, it evokes the early momentum seen in past generational tokens—fueling speculation it could outperform legacy giants by percentage return. Bitcoin: The Benchmark with Modest Upside Bitcoin has recently pushed past $111,000 , driven by ETF adoption and institutional inflows. While it remains the cornerstone of the crypto market, many long-time BTC investors are allocating a portion of their portfolios to high-upside projects like MAGACOIN FINANCE , looking to re-create the outsized returns of Bitcoin’s formative years. Ethereum: Innovation and Maturity Ethereum remains unmatched in smart contract deployment and Layer-2 development. But with its price range tightening, ETH investors are increasingly diversifying. MAGACOIN FINANCE has caught the attention of Ethereum holders seeking breakout potential in a more agile, community-controlled ecosystem. Solana: Speed, Adoption, and Diversification Solana continues to perform as one of the fastest Layer-1 blockchains. However, many SOL investors are now turning toward VeChain , drawn to its enterprise focus and ability to execute in regulated environments. The shift underscores a broader trend toward utility-backed assets. VeChain: Real-World Utility on the Rise VeChain is gaining momentum thanks to partnerships, cross-chain compatibility, and growing institutional visibility. As more traders search for blockchain applications with real-world outcomes, VeChain stands out—especially to those rebalancing from more speculative holdings. Conclusion With its disciplined foundation, transparent growth, and rising adoption, MAGACOIN FINANCE is rapidly becoming a contender to match or even exceed the relative percentage performance of Bitcoin and Ethereum. At the same time, VeChain’s enterprise integration is pulling attention from Solana holders seeking long-term reliability. Together, these two projects capture both ends of the crypto opportunity spectrum—early momentum and real-world application. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Exclusive Access Portal: https://magacoinfinance.com/entry Continue Reading: Could MAGACOIN FINANCE Surpass Bitcoin and Ethereum Gains? Solana Investors Turn to VeChain
Here's what you need to know about van de Poppe's bullish call for ETH.
Turkey’s Ministry of Treasury and Finance rolled out new rules this week to stop money laundering through crypto trades. Users now have to put in a transfer note of at least 20 characters explaining why they’re moving funds. At the same time, platforms must collect clear proof of where the money came from. These steps come as crypto use in Turkey has surged, driven by high inflation and a shaky currency. New Transfer Rules Take Effect According to the Treasury and Finance Ministry , every crypto transfer needs a note that’s at least 20 characters long. Users must say what the transfer is for. Crypto Asset Service Providers, or CASPs, will ask for documents and details to show where funds originated. The aim is to make it harder for bad actors to hide illicit gains in thousands of transactions each day. Withdrawal Delays To Curb Crime? Based on reports from officials, first-time withdrawals will face a 72-hour waiting period. After that, any withdrawal that doesn’t meet the FATF “travel rule” will be delayed by at least 48 hours. The goal is simple. Give investigators a window to check if funds come from illegal betting or online fraud before they disappear. Turkey Sets Limits On Stablecoin Moves Authorities will cap stablecoin transfers at $3,000 per day and $50,000 per month. Platforms that fully follow travel-rule checks can double their users’ limits to $6,000 daily and $100,000 monthly. This tiered system pushes exchanges toward higher compliance without shutting out small traders who move modest sums. Users active in market making, liquidity provision, or cross-market arbitrage can skip some of the tighter checks if they show proof of clean funds. They must work through licensed platforms and provide clear documents. This exemption acknowledges that professional traders add volume and keep prices stable. Penalties For Platforms That Don’t Comply Treasury and Finance Minister Mehmet Şimşek warned that any CASP ignoring the new rules could face heavy fines, license denial, or outright cancellation. Platforms will need stronger KYC teams and new software systems to tag transfers with notes and verify sources. Smaller outfits could struggle with the added cost. A Balancing Act For Crypto’s Future Crypto adoption in Turkey ranks among the highest in the world. Officials don’t want to slow growth. They argue these steps guard honest users while making it much harder for criminals to exploit the market. As the rules kick in, domestic exchanges will race to update their systems. Traders may grumble about extra paperwork and waiting times. Still, many believe the extra checks will give institutions and big-time investors more confidence to join in. Featured image from Chainalysis, chart from TradingView
Based on reports, stablecoin issuance has kept climbing for the past 90 days, with billions of dollars flowing in each week. Investors appear to be waiting for a clear sign before moving capital. Right now, USDT holds over 66% of that market, while USDC and DAI share the rest. In total, stablecoins account for about $250 billion, or almost 8% of all crypto assets. Related Reading: Bunker Buster: Ethereum Titans Stake $100 Million Amid US-Iran Hostilities Stablecoin Supply Hitting New Highs Demand for a trusted dollar peg is driving this growth. Tether leads by a wide margin because many traders trust its stability. Stablecoin reserves have swelled, even as other segments stay quiet. This points to plenty of cash on the sidelines. 🔥Billions in Stablecoins are issued weekly, and the 90-day change for all Stablecoins shows a large amount of liquidity available in the market. Tether (USDT) stands out, representing 66.2% of the entire Stablecoin market. Currently, the Stablecoin market cap is close to $250B… pic.twitter.com/DugpqDiEPl — Alphractal (@Alphractal) June 24, 2025 Bitcoin And Stablecoin Dominance Bitcoin and stablecoins together make up roughly 74% of the total crypto market. That’s a big number. In past cycles, once those balances peak, money often moves into smaller tokens. Right now, Bitcoin’s price is steadying after recent swings. Stablecoin balances keep growing. I can’t promise anything, but there’s a strong chance that a powerful Altcoin Season will take hold in the third quarter of 2025. I had already mentioned this in some posts before, about June and July, and I still stand by that analysis. The main reasons are the large amount of… https://t.co/TjRyxBxSKs — Joao Wedson (@joao_wedson) June 24, 2025 Altcoin Season On The Horizon Based on forecasts from analyst Joao Wedson, altcoins could see a lift in Q3 2025. He points to the huge amount of stablecoin liquidity and persistent doubt among retail and big players. That stage of doubt has come before in other cycles, and it usually marks a turning point. When confidence returns, altcoins tend to surge. Investors Poised On The Sidelines Many holders seem ready to hit buy. They’re holding onto stablecoins until charts, on-chain data or macro news clear up. A boost in stablecoin flows to exchanges could be one early hint that rotation is starting. Large moves by whale wallets into low-cap tokens may follow. In recent weeks, inflows of stablecoins into trading platforms have ticked higher. That’s a key signal to watch. If weekly inflows rise sharply—say above $5 billion—it may show serious appetite building. Past cycles saw similar spikes just before altcoin rallies began. Another one to monitor is decentralized finance platform volume. When stablecoins move from wallets to lending or liquidity pools, it usually indicates that traders are looking for return and preparing to swap to other tokens. Related Reading: Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak Market observers will also be monitoring Bitcoin’s consolidation range closely. If it remains above recent lows for a few weeks, that would give confidence a boost everywhere. Then we could see smaller cryptocurrencies move higher on new liquidity. Based on these signals, it looks like we’re in a waiting game. Stablecoin supplies are at record levels, Bitcoin is settling, and altcoin sentiment remains low. When all that lines up just right, funds are likely to rotate. Then the altcoin sector could see new life. Featured image from Imagen, chart from TradingView