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Federal Reserve Chair Jerome Powell has indicated that while the U.S. central bank is not planning immediate interest rate cuts, the possibility remains on the table for 2025, depending on economic conditions. Powell’s remarks came during his testimony before the House Financial Services Committee, offering insights into the Fed’s cautious approach as it monitors inflation,
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Asset management firm VanEck has spoken against the visible trend of delaying decisions on Bitcoin ETF amendments and other crypto ETF applications by the United States Securities and Exchange Commission (SEC). To compound these delays, the regulator is not sharing relatable feedback with the community. Drawing on this, Matthew Sigel, VanEck’s Head of Digital Assets Research, has called out the regulator, saying investors deserve better than the silence. VanEck Bitcoin ETF Product Delay At first, Sigel pointed out on X that the SEC has delayed ruling on CBOE’s 19b-4 filing to list options on VanEck Bitcoin ETF with the ticker symbol ‘HODL.’ This is also the case with the delay its proposed In-Kind creations and redemption for the same spot Bitcoin ETF offering. Per Sigel X’s post, whenever the regulator announces such delays, it barely explains the reason behind the action. He tagged Hester Peirce, who leads the Crypto Task Force,… Read More at Coingape.com
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Dogecoin (DOGE) is trading at $0.154 today, June 23, with a notable 4.84% gain and more than $1.43 billion in 24-hour trading volumes. The ongoing Dogecoin price rally marks an impressive recovery from the two-month low of $0.142 that DOGE hit yesterday. This bounce has also seen bulls defend a key demand zone that has
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The post Bitcoin Whale Profits $4.7M from 50 BTC Mined 15 Years Ago appeared first on Coinpedia Fintech News
A Bitcoin whale just woke up, moving 50 BTC mined over 15 years ago, now worth nearly $4.7 million, showcasing the incredible 93 million percent profit. Meanwhile, whales are piling into Bitcoin again, signaling strong market confidence and pushing prices to new highs.
A long-dormant Bitcoin whale woke up, drawing attention from across the crypto space. According to The Bitcoin Historian, a wallet holding 50 BTC mined 15 years ago has moved its funds.
These coins, originally mined in 2010 when the price of 1 BTC was below $0.10, have now profited by an astonishing 93,460,500%.
Overall, the value of 50 BTC was less than $5. Today, with Bitcoin trading above $94,000, the same holdings are now worth nearly $4.7 million.
A similar case unfolded in November 2024, a BTC holder earned a massive profit of 150 million percent, when he sold his 2,000 BTC holdings, originally worth just $120, for approximately $179 million.
Bitcoin’s value has jumped +11.2%, and this has once again coincided with key whales & sharks adding on to their already enormous bags. Wallets holding 10-10K $BTC have added 19,255 more coins in this short stretch, and continue to be one of crypto’s most powerful indicators. pic.twitter.com/b3TiVd71iD
— Santiment (@santimentfeed) April 25, 2025
According to Santiment data, Bitcoin whales (wallets holding between 10 to 10,000 BTC) have added 19,255 BTC in just one week. This brings their total holdings to an all-time high of 13.47 million BTC. At the same time, Bitcoin’s price jumped by 11.2%, reaching $94,430.89.
This pattern shows that when these large investors buy more BTC, it often leads to a rise in price. Their buying reduces the supply available in the market, which can push prices higher.
Glassnode’s latest data shows that large Bitcoin holders are buying more during the recent price rise. Wallets with over 10,000 BTC are in heavy buying mode, while those holding 1,000 to 10,000 BTC are not far behind. Even mid-sized wallets with 100 to 1,000 BTC are starting to increase their holdings. This overall buying trend suggests strong confidence in the market and expectations of further growth.
The post Bitcoin Whale Profits $4.7M from 50 BTC Mined 15 Years Ago appeared first on Coinpedia Fintech News
A Bitcoin whale just woke up, moving 50 BTC mined over 15 years ago, now worth nearly $4.7 million, showcasing the incredible 93 million percent profit. Meanwhile, whales are piling into Bitcoin again, signaling strong market confidence and pushing prices to new highs. Bitcoin Whales Break 15-Year Silence with $5M Transaction A long-dormant Bitcoin whale …