An early Ethereum holder transferred 52,170 ETH valued at $120.61 million after 3 years of dormancy

2026-05-10 by admin

Deep Tide TechFlow news, May 09, according to on-chain analytics platform Lookonchain (@lookonchain) monitoring, an early Ethereum holder, after being dormant for 3 years, transferred all 52,170 ETH to a new wallet 4 hours ago, worth approximately $120.61 million. Data shows that this address withdrew 42,572 ETH from Kraken 6 years ago when the ETH price was only $246, worth about $10.48 million at the time.

According to ShenzhenTech Flow, on June 13, Kazakhstan's Deputy Prime Minister Kanat Bozumbayev met with Hong Kong Chief Executive John Lee during his visit to Hong Kong, discussing the expansion of trade economic cooperation and collaboration in financial technology innovation. The core event of the visit was the "Alatau City China Roadshow" investment roundtable, attracting participation from several leading investment funds, financial institutions, and tech enterprises in Hong Kong.During the meeting, the Alatau City Administration signed six cooperation agreements and memorandums of understanding with multiple international companies, mainly covering the following areas:ANT Digital Technologies, under Ant Group: Exploring participation in the digital infrastructure construction of Alatau City and the implementation of advanced fintech solutions;Solana Foundation: Collaborating on Web3 ecosystem development, blockchain technology talent cultivation, and support for tech startups;Dasco Capital and Templewater: Signing a memorandum to jointly establish a private equity fund, focusing on investments in Kazakhstan and Central Asia projects, with Alatau City listed as a priority investment direction.Additionally, the Kazakhstan delegation held meetings with executives from major Hong Kong investment and development enterprises, including Henderson Land, Far East Development, Xin Hua Group, and Bosera Asset Management.Alatau City is a new economic growth center initiated under the directive of Kazakh President Kassym-Jomart Tokayev, featuring a special legal system and referencing Hong Kong's successful experience in investor protection and international regulatory standards.

PANews reported on June 13 that CryptoQuant analyst Axel Adler stated that Bitcoin (BTC) is flowing into exchanges in large quantities, while stablecoin liquidity continues to flow out, and the simultaneous deterioration of both the supply and demand sides of the market is considered a major reason for Bitcoin's decline of about 22% from its May high. Data shows that Bitcoin's 30-day net exchange flow indicator has turned significantly positive, currently at approximately +114,000 BTC. Compared to the net outflow of approximately -85,000 to -115,000 BTC in early May, the market has shifted from an accumulation phase to an allocation phase. This indicator briefly rose to approximately +167,000 BTC in early June, indicating that more holders were transferring BTC to exchanges, increasing potential selling pressure. Meanwhile, the 30-day moving average net inflow of stablecoins has remained negative, currently at approximately -$105 million. In early May, this indicator was in the range of +$40 million to +$90 million, representing strong buying liquidity in the market; however, it turned negative after mid-May and widened to approximately -$150 million to -$170 million in early June, indicating that stablecoin funds are leaving exchanges and the market's "ammunition" is dwindling.

TechFlow Deep Tide news, June 13th, Mantle announced the launch of SPCXx, a tokenized SpaceX equity issued by xStocks, with 7×24 hour on-chain trading starting on the day SpaceX completes its largest IPO in history.The asset goes live via Fluxion and Merchant Moe on the Mantle ecosystem platform. Fluxion uses xStocks' Atomic RFQ mechanism, supporting direct minting and redemption by the issuer, completely avoiding AMM slippage and achieving institutional-grade execution. Meanwhile, Merchant Moe launches the 'Project X' incentive program, allocating 100,000 MNT rewards to liquidity providers, with the initial SPCXx/USDT0 pool opened.Mantle stated that SPCXx is the first tokenized stock to go on-chain on its launch day, marking a seamless integration of traditional and on-chain markets for the most anticipated IPO of this decade. In the future, more high-demand tokenized stocks will be listed on Mantle in the same model: issued by xStocks, executed by Fluxion, with liquidity incentives provided by Merchant Moe.