The National Consumer Disputes Redressal Commission (NCDRC) has dismissed a lawsuit filed against WazirX over a ₹2000 crore hack. The court ruled that there is no established legal framework for cryptocurrency-related issues in India. As a result, the case against the crypto exchange was thrown out, highlighting the regulatory gap surrounding cryptocurrency in the country. This decision marks a significant moment in the ongoing debate over crypto regulations in India.
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 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.
Are Whales buying Bitcoin Right Now?
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
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 …
Pum.fun launched its native token PUMP earlier today, and not so surprisingly, the sale ended in 12 minutes. In this duration, about $500 million worth of PUMP was picked up by retail investors at a $4 billion valuation.
However, as per BeInCrypto’s analysis, the anticipation did not fare well for the pump.fun ecosystem tokens.
Goatseus Maximus (GOAT)
GOAT price surged 23% this week, emerging as one of the better-performing pump.fun tokens. However, the anticipation surrounding the PUMP token launch led to a 9% drop in the last 24 hours.
Despite this, GOAT remains an altcoin to watch as it shows significant volatility and market interest.
Currently trading at $0.120, GOAT is holding above the critical support level of $0.117. The MACD indicates that bullish momentum is strengthening, potentially pulling the price back up.
However, if investors decide to secure profits by selling their holdings, GOAT could face downward pressure. A fall through the $0.117 support could lead the altcoin to slip to $0.102, invalidating the bullish thesis.
Peanut the Squirrel (PNUT)
PNUT price increased by 19.2% over the past week, reaching $0.264. However, like other pump.fun tokens, it experienced an 8% drop in the last 24 hours. Despite this, PNUT is still showing signs of positive momentum.
The Parabolic SAR currently indicates an uptrend for PNUT. If the altcoin can sustain above the key support level of $0.260, it could rally towards $0.300. Continued positive momentum in the broader market could further boost PNUT’s price.
If PNUT fails to maintain support at $0.260, it could face downward pressure. A drop below this level could push the price to $0.219, erasing recent gains and invalidating the bullish outlook.
Pythia (PYTHIA)
PYTHIA emerged as the only coin to note a rise in the last 24 hours, trading at $0.048 after a 42% increase. The altcoin is now facing the resistance of $0.052. This momentum could indicate further price growth, as PYTHIA continues to attract investor attention in the pump.fun ecosystem.
The Ichimoku Cloud below the candlesticks signals a bullish trend for PYTHIA. This indicates potential for further price increases, especially with the upcoming launch of the PUMP token.
Should the market conditions stay favorable, PYTHIA could breach the $0.052 resistance level and target $0.060 in the coming days.
However, if profit-taking occurs, PYTHIA may face a price decline. A fall below the $0.039 support could lead to further downward movement, potentially reaching $0.033. Should this happen, it would invalidate the current bullish outlook.
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 
