Bitcoin is back in the spotlight after reports confirmed that coins untouched since 2012 have been moved for the first time. Related Reading: Institutional Adoption Rises: 21X Brings Chainlink Into Europe’s Tokenized Securities Market The reactivation of an old wallet came at a moment when the market is already buzzing with strong ETF inflows and record levels of stablecoin liquidity. Wallet Reactivates After 13 Years According to Onchain Lens, the address that first received coins on November 26, 2012, moved 132.03 BTC in a single transaction. The transfer was worth about $15 million at current prices. The same wallet also sent five BTC to the Kraken exchange. After those moves, it still holds 308 BTC — a stash now valued at nearly $35 million. In total, the address once controlled 444 BTC, which the report places at more than $50 million combined. A dormant whale woke-up after 13 years, moved 132.03 $BTC ($15.06M) to a new address and depositing 5 $BTC into #Kraken. The wallet still holds 307.79 $BTC ($35M). It has received these $BTC for just $5,437 at $12.22https://t.co/mhCNYQs7cA pic.twitter.com/L0ltIwu6Oe — Onchain Lens (@OnchainLens) September 11, 2025 Early Holder Made A Tiny Bet That Paid Off Based on reports, the coins were originally bought when Bitcoin traded at about $12.22 per coin. The wallet’s total purchase cost was only $5,435. That original outlay has turned into massive gains. The current math shows a profit in the ballpark of $15.60 million on that small initial buy. Simple numbers like that help explain why stories about old wallets get attention. Bitcoin Price And Market Momentum Bitcoin has pulled back above the $116,000 mark. Data from Coingecko show BTC trading at $116,083, a daily move of 0.25% and up 3% over the past week. The market still remembers August 14, 2025, when BTC hit an all-time high of $124,450. Those price swings are part of the backdrop for why a whale moving coins draws extra interest now. Institutional Flows Pick Up Data shows that Bitcoin spot ETFs recorded $757 million in inflows on Wednesday. That is the largest single-day number since July 17 and extends a three-day streak of positive flows. The steady inflows suggest bigger players are adding exposure, or at least reallocating capital into the market. Total crypto market cap at $3.95 trillion on the daily chart: TradingView Stablecoin Reserves Hit Records Meanwhile, reports from CryptoQuant indicate Binance saw its largest net stablecoin inflow of the year on Monday, a little over $6 billion. Binance’s stablecoin reserves are reported to be near $40 billion, while aggregate stablecoin holdings across exchanges hit about $70 billion last week. Related Reading: ETF Dreams For Dogecoin: Serious Possibility Or Just Hype? New Layer Of Intrigue The sudden movement of coins untouched for more than a decade has added a new layer of intrigue to Bitcoin’s latest rally. With the asset holding above $116,000, ETFs drawing hundreds of millions in inflows, and record stablecoin balances sitting on exchanges, the market is flush with liquidity and attention. Whether this wallet activity signals profit-taking, repositioning, or something else entirely, it highlights the enduring power of early bets on Bitcoin and the continued influence of long-term holders on today’s market. Featured image from Unsplash, chart from TradingView
After Bitcoin and Ethereum, altcoins such as XRP and Solana (SOL) are also expected to receive spot ETF approval from the SEC. While September and October are being pointed out at this point, last week Bloomberg analyst Eric Balchunas gave a definitive date for the Dogecoin (DOGE) ETF. At this point, Bloomberg ETF analyst Eric Balchunas had said that US asset managers RexShares and Osprey Funds' spot Dogecoin ETF would launch on the 11th. Related News: Bloomberg Analyst Sets Approval Date for Dogecoin (DOGE) ETF! "It Will Be Approved on This Date!" However, the expected outcome did not happen and the RexShares DOGE ETF launch was postponed. Bloomberg ETF analyst James Seyffart announced the possible date in his statement from his X account, stating that the DOGE launch has been postponed. The Dogecoin ETF launch, originally scheduled for September 12, has been postponed until next week. The launch date is likely to be Thursday (the 18th). Similarly, Bloomberg ETF analyst Eric Balchunas stated that the launch of the DOGE ETF (DOJE) has been postponed from September 11 to next week. Balchunas added that the launch is now likely to take place next Thursday. *This is not investment advice. Continue Reading: Dogecoin ETF Approval Expectations Fail: Launch Postponed! Here's the New Approval Date!
Solana (SOL) surged to $240 for the first time since January, with its market capitalization reaching a new all-time high of $126 billion to overtake BNB as the fifth-largest cryptocurrency. The rally gained momentum as institutional investors poured billions into Solana treasury strategies while Galaxy Digital CEO Mike Novogratz declared the market is entering a “ season of Solana .” Corporate treasuries now hold 6.49 million SOL tokens, with rapid expansion accelerating institutional adoption. Galaxy Digital acquired 2.31 million SOL worth $536 million through transfers from major exchanges, fueling speculation about coordinated accumulation strategies across multiple institutional players. Source: TradingView Galaxy Digital Leads $1.65 Billion Institutional Push Into Solana Galaxy Digital spearheaded a $1.65 billion private placement into Forward Industries alongside Jump Crypto and Multicoin Capital, transforming the publicly traded company into a Solana-focused treasury. The funding round closed successfully, with proceeds dedicated to SOL accumulation as part of Forward’s strategic repositioning from traditional operations. Forward Industries shares soared 135% in five days following the announcement. Multicoin co-founder Kyle Samani was appointed Chairman of the Board, while Galaxy and Jump executives joined as board observers to guide the treasury strategy. The institutional push extends beyond Forward Industries. BIT Mining Limited also added 17,221 SOL this week , bringing holdings to 44,000 SOL worth $9.95 million as it rebrands to SOLAI Limited. Forward Industries closes $1.65B PIPE led by Galaxy Digital, Jump Crypto & Multicoin — with $300M+ committed from the trio. #funding $ford https://t.co/pPt0aMVqZw — Cryptonews.com (@cryptonews) September 11, 2025 The company is raising $300 million to build one of the largest corporate SOL treasuries. Upexi Inc. has also emerged as one of the largest corporate holders with over 2 million SOL valued at $447 million, generating $142 million in unrealized gains. The company reports daily staking rewards of approximately $105,000 through its 8% annual yield strategy. Canada-based SOL Strategies began Nasdaq trading under ticker STKE with $94 million in treasury holdings, becoming the first U.S.-listed Solana-focused public company. The firm manages 3.62 million SOL under delegation with record participation from nearly 9,000 wallets. FTX Estate Continues Monthly SOL Liquidations Despite Rally Amid these brewing SOL accumulation, Bankrupt crypto firms FTX and Alameda withdrew 192,000 SOL tokens worth $44.9 million from staking, continuing a pattern of monthly redemptions since November 2023. The estate has unstaked nearly 9 million SOL valued at $1.2 billion over the past year, averaging $134 per token. Despite ongoing liquidations, FTX still holds 4.18 million SOL worth $977 million in staked positions. The estate prepares for its third creditor repayment round on September 30, having returned $6.2 billion to former users through previous distributions processed by BitGo, Kraken, and Payoneer. Three Arrows Capital liquidators subpoenaed former FTX executives, including Sam Bankman-Fried, over allegations that $1.5 billion in 3AC assets were liquidated unlawfully. Bankman-Fried’s deposition is scheduled for October 14 at Terminal Island prison, where he serves a 25-year sentence for defrauding customers of $11 billion. The liquidation pressure from FTX estate sales has not deterred institutional investors from accumulating. Trader sentiment on social media turned increasingly bullish, with predictions ranging from $300 to $2,000 as SOL breaks key resistance levels. $SOL $238 to $1000 — MartyParty (@martypartymusic) September 12, 2025 Technical Analysis Points to Continued Upside Momentum SOL’s breakout above $230 validates an ascending channel structure that provided support throughout its advance from $87. The token currently tests critical resistance at $240-250, which are technical levels from both short and long-term chart perspectives. Daily charts reveal a complex W formation on the weekly timeframe, with projections toward $258 to complete the pattern. Source: TradingView/theeonlydave Multiple horizontal resistance levels at $224, $240, and $258 provide a technical roadmap, although each represents a potential selling pressure zone. On a broader level, the multi-year chart displays a massive cup and handle formation that spans several years. SOL approaches “ one last hurdle at $250 ” with potential for explosive upside once this black line resistance is cleared, according to technical analysis . $SOL just keeps quietly pushing higher, without anyone paying attention. One last hurdle to overcome at $250. Clear the black line, and the sky is the limit. pic.twitter.com/ODxujbWlLJ — Jelle (@CryptoJelleNL) September 11, 2025 However, Cumulative Volume Delta indicators show negative readings during recent advances, suggesting potential institutional distribution occurring alongside price appreciation. As it stands now, the immediate challenge involves clearing the $240-250 resistance zone successfully. Breakout above this confluence area would likely trigger momentum-based buying toward projected targets, supported by strong fundamental adoption metrics and continued institutional interest. In the short term, technical evidence supports continued bullish momentum toward the $250-258 resistance, with the ascending channel structure and potential cup-and-handle breakout providing frameworks for higher targets. Successful clearance of the $240-250 zone could drive SOL toward $300, though increased volatility is expected in these price discovery areas. The post SOL Breaks $230, Touches $240 for First Time Since January – Is Solana Season Finally Here? appeared first on Cryptonews .
THORChain co-founder JP lost $1.35 million from a personal wallet on Sept. 9 after falling victim to a Telegram phishing scam linked to North Korea. The attack combined a hacked Telegram account, a deepfake Zoom call, and what he believes was a zero-day exploit. His loss joins the list of recent high-profile losses in the crypto space. Last month, billionaire heiress Taylor Thomson lost over $80 million in crypto after investments tied to a psychic. Similarly, earlier this month, a crypto investor lost $3.05M after signing a malicious transaction. $1.2M THORChain Wallet Drained in Telegram Deepfake Scam, Investigators Confirm Blockchain investigator ZachXBT confirmed the incident, stating that JP’s wallet was drained after he joined a fake meeting link shared through Telegram. PeckShieldAlert had earlier reported the breach, reporting that approximately $1.2 million had been stolen from a THORChain user’s wallet. The wallet likely belongs to @jpthor who had a private wallet compromised due to a fake meeting scam a few days ago. JP is one of the people whose has greatly benefited financially from the laundering of DPRK hacks/exploits. So it’s a bit poetic he got rekt here by DPRK. pic.twitter.com/T57RRJ0bbf — ZachXBT (@zachxbt) September 12, 2025 Unravelling the stolen funds, JP explained in a post on X that the funds were tied to an old MetaMask account he had forgotten. The wallet contained staked assets that did not appear on Etherscan, making it easy to overlook. Yes, an old metamask (which I had completely forgotten about) was drained. They had access to my encrypted entire iCloud + keychain. Ironically – only the private keys (radioactive) were vulnerable. Vultisig wallets were untouched, despite also using iCloud. They're safe -… pic.twitter.com/TWw7AdCgPw — JP (@jpthor) September 12, 2025 JP also explained that the scam began when a friend’s Telegram account was hacked. The attackers invited him to a Zoom call, where a deepfake video was used to increase credibility. JP clicked a link during the call but saw no suspicious prompts or requests for credentials. He believes the attackers may have accessed his encrypted iCloud Keychain or a separate Chrome profile on his Mac, where MetaMask keys were stored. “There was no request for admin passwords or installation,” JP wrote. “It has to be an active or recently patched 0-day.” Ok so this attack finally manifested itself. Had an old metamask cleaned out (which I forgot about, it was staking some assets which don’t appear on etherscan unless you use portfolio tracking sites) Summary 1) friend’s hacked telegram account + deep-fake video on zoom 2)… https://t.co/bjqqFZ5ddB — JP (@jpthor) September 9, 2025 In a bid to recover the stolen funds, on-chain data flagged by Lookonchain showed a new message sent to the exploiter’s wallet. The message, recorded on Etherscan, offered a bounty if the stolen THOR tokens were returned within 72 hours, promising “no legal action” if the hacker complied and provided contact details for the THORSwap team. Notably, ZachXBT noted that THORChain and its co-founder had previously profited from the laundering of funds tied to DPRK exploits, including hacks on exchanges like Bybit. “It’s a bit poetic he got rekt here by DPRK,” ZachXBT said. Highlighting the lessons learned from the experience, JP emphasized that private keys grow riskier the longer they are stored, urging users not to back them up on iCloud, Google Drive, or similar services. He also recommended using two-factor authentication on a separate device, such as a burner phone, to reduce exposure. He added that threshold signature wallets like Vultisig, which split key shares across multiple devices, represent the next stage of crypto security. “Attacks are going to only get worse,” JP said. “It can be solved; we just need to upgrade our wallets.” Telegram Scams Surge: $2.2B Lost in 2025 as Malware Attacks Overtake Phishing By the end of June this year, crypto investors had lost $2.2B , mostly from wallet breaches and scams. Crystal Intelligence confirmed that over 1,000 hacks, scams, and DeFi breaches have stolen $22.7B in crypto across 14 years of tracked incidents. Specifically, Scam Sniffer reported that crypto scammers are targeting Telegram, where malware scams have surged 2,000% since November and overtaken traditional phishing. Attackers spread malware through bogus verification bots in trading, airdrop, and alpha groups, allowing them to steal passwords, private keys, and wallet data once users execute malicious code. Noting the abundance of hacks on Telegram, last year, the United Nations estimated scams , money laundering, and stolen data sales on Telegram generated more than $36.5 billion annually, often through USDT. Criminals also promote deepfake tools and malware, with the U.S. Treasury linking Huione Group to $98 billion in illicit crypto flows tied partly to North Korea’s Lazarus Group. Telegram shuts down $27 billion Huione crypto scam marketplace but rivals surge 400% volume as criminal networks quickly migrate to successor platforms like Tudou Guarantee. #Telegram #CryptoScam https://t.co/xjpxGw5SSo — Cryptonews.com (@cryptonews) June 24, 2025 To curb this, Telegram shut down Huione Guarantee in May 2025, but rival Tudou Guarantee quickly absorbed its users and drove a 400% surge in activity. Similarly, Telegram shut down thousands of channels tied to Xinbi and Huione Guarantee , which processed over $35 billion in illicit USDT transactions, Elliptic reported. The platforms used encrypted groups to sell money laundering, stolen data, and fake IDs, with Huione linked to Cambodia’s ruling elite. The post THORChain Co-Founder’s Wallet Drained $1.35M in DPRK Telegram Scam appeared first on Cryptonews .
BNB price outlook: BNB is showing independent strength versus Bitcoin, supported by rising Binance stablecoin reserves, quarterly auto‑burns and whale accumulation. These factors combine to reduce supply pressure and increase