Builders, traders, and crypto-enthusiasts converge for relaxed networking, panel insights, and airdrop fun.
On August 20, starting at 13:00, CRYPTO4 BALI will convene a laid-back yet opportunity-rich Web3 community meetup for builders, traders, investors, and crypto enthusiasts in Kabupaten Badung, Bali
13:45 — Panel discussion featuring the event’s official co-hosts
14:30 — Airdrop session
15:00 — Open networking continues
16:00 — Closing remarks and wrap-up
Set against the mellow afternoon backdrop of Bali, CRYPTO4 BALI emphasizes community connection and real-time engagement, not flashy announcements. This format reflects a shift in Web3 outreach – favoring intentional, in-person moments with tangible value over large-scale spectacle.
The venue location is kept intentionally private – attendees must register to unlock the exact address.
The event is currently full, though there is awaitlist option available, managed through token-gated entry
The foreign exchange (FX) market processes over $7.5 trillion in daily volume, yet remains constrained by legacy infrastructure that is slow, fragmented, and unavailable around the clock. Traditional FX markets are closed on weekends, rely on third-parties, and transactions can take days to settle, making them inefficient.
To address this, Mento is expanding its decentralized onchain FX capabilities, currently on Celo, to other blockchains by integrating with Wormhole, the leading interoperability platform connecting traditional finance and the internet economy, and its Native Token Transfers (NTT) standard. This integration will unlock access to global FX liquidity across chains for the first time at institutional scale.
Wormhole powers over 200 applications and has processed more than $60 billion in multichain volume with greater than 1 billion cross-chain messages across Solana, Ethereum, Aptos and other major blockchains. By leveraging this infrastructure, Mento will enable real-time multichain movement of its 15+ global and local stablecoins including cUSD, cEUR, cKES, and others, unlocking new use cases for decentralized currency exchange.
Mento’s Origins: A Foundation for Global FX
Mento originated as the stability protocol behind decentralized stablecoins on Celo. Following a community governance proposal, Mento spun out of cLabs, the core development team of Celo, as an independent project in 2022 to scale its mission of delivering accessible, local currency stablecoins to support use cases such as payments, remittances, microloans, savings and earning yield. This foundation remains core to Mento’s strategy of reaching billions of users across emerging and developed markets. Now, as Celo evolves into an Ethereum Layer 2, Mento stands as the leading FX infrastructure in the EVM ecosystem, powering decentralized currency exchange across chains.
A New Era for Global FX: Open, Instant, and Always On
Mento is building the decentralized infrastructure for global onchain FX, enabling developers and institutions to embed currency conversion natively into financial applications. Unlike traditional FX systems, Mento-powered FX runs 24/7, settles instantly, and eliminates the need for intermediaries.
Laying the rails to bring that scale of currency exchange onchain and provide decentralized liquidity for a growing range of currencies, Mento empowers both retail and institutional users to trade, hedge, settle, and access credit in their local currencies or globally used assets. This shift builds on Mento’s strong foundation in emerging markets and positions it as a scalable FX engine across multiple chains.
Through its integration with Wormhole NTT, Mento will enable:
Multichain FX trading between 17+ stablecoins (including USDT and USDC) with real-time price execution.
Movement of multi-currency stablecoins across 40+ blockchains with native issuance and redemption.
FX settlementpoweredby Fixed Price Market Makers (FPMMs), enabling flexible, real-world pricing for use cases including cross-border payments, remittances, treasury operations and more.
This unlocks a future where currency exchange is not confined to banking hours or legacy regional systems, but is available globally, onchain, and at internet speed.
Multichain Liquidity for Onchain Currency Markets
The Wormhole NTT integration empowers Mento ecosystem builders and institutional partners to:
Tap into decentralized FX liquidity from multiple chains;
Route FX trades across ecosystems via Wormhole’s messaging infrastructure;
Build multichain applications that rely on stable, price-efficient conversions between major global currencies.
This is a key milestone in transforming FX from a closed, opaque system into an open, programmable layer of the internet economy.
Unlocking the FX Market with Blockchain-Scale Infrastructure
“The FX market is one of the largest and most critical financial systems in the world, but it hasn’t evolved to match the demands of a 24/7 digital economy,” said Robinson Burkey, Co-Founder of Wormhole Foundation. “This integration begins the process of moving FX onchain, making it faster, more accessible, and more interoperable across blockchain ecosystems and unlocking another financial tool for a growing market of investors.”
“The Mento Platform aims to be the leading FX infrastructure for borderless finance,” said Markus Franke, CEO at Mento Labs. “This integration with Wormhole allows us to scale that vision globally, enabling anyone, anywhere to trade and move currencies in real-time, across chains, with instant finality and zero reliance on legacy infrastructure.”
As stablecoin adoption grows, the need for fast, interoperable, and decentralized FX infrastructure has never been greater. With this integration, Mento and Wormhole are laying the foundation for an open, liquid, and programmable FX system, ready to meet the scale and speed of the modern financial world.
Mento is the leading decentralized FX infrastructure, enabling seamless launching, trading, and settlement of global currencies onchain. Built for both institutions and individuals, Mento powers real-world financial use cases from cross-border payments to credit markets through a growing portfolio of overcollateralized stablecoins and a transparent, multicurrency platform.
Bitcoin (BTC) in 2025 is buzzing with activity as long-dormant Bitcoin wallets, often referred to as “old whales,” spring back to life after years of inactivity.
Recent large transactions from untouched wallets for over a decade and significant Bitcoin movements to exchanges are capturing the crypto community’s attention. These developments reflect changes in the behavior of major investors and may signal potential price volatility on the horizon.
Old Bitcoin Whales Suddenly Active Again
Recently, 3,422 Bitcoins, equivalent to $324 million, were transferred from a wallet that had been dormant for 12 years to a new address. These Bitcoins originated from BTC-e, one of the oldest shut-down exchanges.
Back in 2012, the initial value of these BTC was just $46,000. Today, their value has surged 7,018 times, a clear result of Bitcoin’s long-term growth potential.
Around the same time, another wallet holding 2,343 BTC, valued at over $221 million, activated again after 11.8 years of dormancy. Transactions from these “sleeping” wallets often draw significant attention within the community, as they may indicate that veteran investors are starting to liquidate assets or preparing for other strategic moves in the market.
Bitcoin Movements to Exchanges: Rising Selling Pressure?
In addition to the reactivation of long-dormant wallets, the market has also seen a series of large Bitcoin transfers to major exchanges. According to data from Whale Alert, these transactions spiked in early May 2025.
Specifically, 2,402 BTC were moved from Ceffu to Binance, 600 BTC ($56.65 million) were transferred from an unknown wallet to Bitfinex, and 1,636 BTC ($154.05 million), along with 1,385 BTC ($130.74 million), were sent from Cumberland to Coinbase Institutional. Another transaction involving 1,142 BTC ($107.68 million) was also recorded from an unknown wallet to Coinbase Institutional.
These movements suggest that Bitcoin whales actively shift their assets to exchanges, a behavior often interpreted as a sign of potential selling pressure.
Beyond individual whales, Riot Platforms, a leading Bitcoin mining company, sold 475 BTC in April 2025 to cope with industry pressures. This move comes as the Bitcoin mining sector faces rising operational costs following the 2024 halving event, forcing many companies to liquidate portions of their holdings to sustain operations. Meanwhile, MicroStrategy, an institutional investor known for its Bitcoin accumulation strategy, continues to buy in despite criticism of its high-risk investment approach.
However, data from Coinglass reveals that last week, exchanges recorded a net outflow of 15,700 BTC, with total balances dropping to 2.2 million BTC. This could reflect a long-term accumulation trend among large investors, as they withdraw Bitcoin from exchanges to store in cold wallets, reducing the circulating supply in the market.
What did These Movements mean for the Bitcoin Market?
The activities of old whales and major institutions fuel speculation about the Bitcoin market’s future direction. According to a CryptoQuant report from March 2025, the Exchange Whale Ratio on Binance has recently declined, indicating a reduction in selling pressure from large investors, a positive signal for BTC’s price.
The Exchange Whale Ratio, which fell below 0.3 on April 23, indicates a major shift in participation, from institutional or big traders to more retail-dominant flows.
Bitcoin exchange whale ratio. Source: CryptoQuant
“This suggests less whale selling and, perhaps, a “cleaner” market environment in which price movements are driven by organic demand rather than large-volume sell-side pressure.” Analysis shows that
Short-term Bitcoin holders have not yet taken significant profits to form selling pressure, and upward momentum is still accumulating.
“The current NUPL is 8%, while its 30-day SMA remains negative and holds at -2%. Until NUPL exceeds 40%, selling pressure from this cohort will remain minimal, which is a bullish signal.” Analysis shows that
However, the recent transfers of Bitcoin to exchanges suggest that short-term selling pressure may increase, particularly as Bitcoin hovers around $95,000, with key support levels at $93,000 and $83,000.
The reactivation of long-dormant wallets also signals confidence from veteran investors, who are gearing up for a new bullish cycle. These developments paint a complex market picture, with both opportunities and risks on the horizon.
The resurgence of old Bitcoin whales, significant transfers to exchanges, and actions from institutions like Riot Platforms are heating the crypto market in 2025. These movements reflect shifting sentiments among major investors and could shape Bitcoin’s price trends in the coming months. While the potential for growth remains, investors must stay vigilant and prepared for unexpected market fluctuations.
