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Quick Take Summary is AI generated, newsroom reviewed. BitMine purchased 104,336 ETH worth $417 million during a 20% price dip. Rising Ethereum whale activity signals renewed institutional accumulation. On-chain data confirms large holders are steadily increasing their positions. The move highlights confidence in Ethereum’s long-term strength despite short-term volatility.References 🔥 TODAY: BitMine bought 104,336 $ETH worth $417M as prices fell 20% from August highs, per onchain data.
With the transfer of 127,271 BTC, the United States has become the world's largest sovereign holder of bitcoin.
Which new-generation projects are attempting to break away from the old path of "speculative games"?
On October 14, the U.S. Department of Justice announced criminal charges against Chen Zhi, founder of Cambodia's Prince Group, and successfully seized 127,271 BTC under his control, with a market value of approximately $15 billion. This event marks not only the largest judicial seizure of virtual assets in history, but also a public demonstration of state power directly exercising control over on-chain assets.
What drives the market is not only cold economic data, but also greed, fear, and the unpredictable nature of human behavior.
Overview of key market events on October 15th.
- 04:20An Ethereum "diamond hand" deposited 4,000 ETH to an exchange, currently with an unrealized profit of $15.96 million.According to Jinse Finance, monitored by The Data Nerd, 14 hours ago, this steadfast Ethereum holder (“diamond hands”) deposited 4,000 Ethereum (worth approximately $16 million) into an exchange. These Ethereum were gradually accumulated nine years ago at an average cost of $10.25 each. If sold at the current price, he would realize a profit of about $15.96 million, with a return on investment (ROI) of 389 times.
- 04:20Tether froze 13.4 million USDT across 22 addresses on the Ethereum and Tron networks yesterday.According to Jinse Finance, MistTrack monitoring shows that on October 16, Tether froze 13.4 million USDT across 22 addresses on the Ethereum and TRON blockchains. Among them, the address starting with 0xecb was frozen for 10.3 million USDT; the address starting with TYzDe was frozen for 1.4 million USDT.
- 04:14Data: The current market value of gold is approximately 14.5 times that of bitcoin.According to Jinse Finance, as reported by Cointelegraph, on Thursday, as the price of gold surged to a new all-time high of $4,357 per ounce, its market capitalization reached a record $30 trillion. This means that gold's market cap is now approximately 14.5 times that of bitcoin, which stands at around $2.1 trillion. It is also 1.5 times higher than the combined market capitalization of the global "Magnificent Seven" tech companies—Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla—which totals about $20 trillion.