Estonian banker Rain Lรตhmus's 2014 Ethereum presale wallet holds $1.18B in ETH, inaccessible due to lost password and JSON file.
- The wallet, containing 0.2% of Ethereum's supply, remains a major unclaimed digital fortune alongside cases like Bitcoin Pizza Day and the Newport hard drive.
- Recovery is nearly impossible due to PBKDF2-HMAC encryption, requiring the original JSON file and strong password hints.
Bitcoinโs momentum seems to be slowing down as more investors are moving their money into altcoins.
Analysts say retail interest in coins like Ethereum, Solana, and XRP is rising fast, with some predicting altcoins could rally by 100% or more if the trend continues.
Bitcoinโs dominance has dropped below 60%, a level that often sparks strong altcoin growth, while BTCโs recent price dips may be creating perfect conditions for this shift. #MarketTurbulence
Pakistan to Test Digital Rupee with Japanโs Soramitsu
Pakistanโs State Bank will partner with Japanโs blockchain firm Soramitsu to pilot a central bank digital currency (CBDC) later this year, funded by Japanโs Ministry of Economy. The digital rupee aims to expand financial inclusion, reduce cash-handling costs, and enable offline transactions for areas with poor internet or electricity. With a population of 250 million, Pakistan will be Soramitsuโs largest CBDC project yet, building on its experience in Cambodia and other nations. If successful, the pilot could revolutionize Pakistanโs payment systems and bring millions into the formal economy. #ETH5kNext? #DigitalRupeePK #DigitalCurrency
Ethereum Soars to $4,500, Eyeing ATH Amid Institutional Buying Frenzy ๐
Ethereum (ETH) jumped 4.4% in 24 hours to a multi-year high of ~$4,500 โ its strongest level since December 2021 โ fueled by a $157M short squeeze, with $102M in short positions liquidated. The surge puts ETH less than 10% from its all-time high, with traders eyeing a possible August breakout.
Institutional flows are driving the rally:
U.S. spot ETH ETFs saw a record $1.02B net inflow Monday, led by BlackRockโs ETHA and Fidelityโs FBTC.
BitMine expanded its equity program to $24B to buy more ETH.
SharpLink Gaming added 5,226 ETH, raising holdings to 604,026 ETH ($2.6B).
A new whale wallet withdrew 23,365 ETH ($104M) from Kraken. While altcoins like LINK, DOGE, and SOL show bullish momentum, analysts suggest this may be ETH season rather than a full altseason โ though a September Fed rate cut could ignite a broader market rally. #ETH5kNext? #DeFiGetsGraded #ETHOvertakesNetflix
Altcoin futures OI hit a record $47B, signaling heavy leverage and rising market fragility. ETH rallied past $4,500, while BTC sits at $120K, nearing its $123K ATH.
BTC dominance slid from 65% โ 59%, showing capital rotation into alts.
95% of BTC holders are in profit, but implied volatility keeps dropping โ a possible contrarian signal for big swings ahead.