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Ethereum ICO Whale Awakens, Stakes $645 Million ETH

by admin September 6, 2025



In brief

  • An Ethereum ICO whale from 2015 moved $645 million worth of ETH from three wallets to a staking service.
  • The whale still holds $1.1 billion in ETH.
  • A Myriad Linea prediction market shows more than 70% of respondents believing that ETH will hit $5,000 by year’s end.

An Ethereum whale that scooped up one million ETH during the ICO in 2015 has moved $645 million worth of funds from three wallets to a staking service, onchain data shows.

The whale movement was initially spotted by EmberCN. The account noted that the whale appears to still hold $1.1 billion worth of ETH after having initially acquired one million ETH in the ICO.

In recent months, investor optimism about Ethereum has soared following the passage of crypto regulation that should benefit the network, and amid rapidly growing institutional interest in the asset that has fueled massive inflows into ETH exchange-traded funds. 

Ethereum was recently trading just below $4,300, down slightly over the past 24 hours, according to crypto price aggregator CoinGecko, but it set a record high last month above $4,900 and is up more than 71% over the past three months.

Users on Myriad, a prediction market owned by Decrypt parent company DASTAN, are still confident that Ethereum will climb above $5,000 with 73% of them thinkingETH will surpass that milestone before 2026. 



With the Bureau of Labor Statistics nonfarm payroll report showing a negative result for the first time since 2020, the odds of a September rate cut have risen and risk-on assets are pumping, Max Shannon, senior research associate at Bitwise, told Decrypt. 

“Risk-on assets have screamed higher, as the DXY and USTs tank,” he said. “Not only did the jobs print come in lower than Wall Street estimates—it also showed that the prior month’s numbers were revised downward to show a loss in June.”

Shannon added the whale activity isn’t surprising as ETH balances on exchanges have been declining. But he noted that ETF flows have also weakened, after a strong streak in late August.

“This is a classic case of profit-taking given its recent run-up, coming into an uncertain scenario surrounding today’s macro releases,” he said. “I suspect the short term outlook for the next couple of weeks could turn positive again.”

Shannon said it’s very possible Ethereum makes it all the way to $5,000 this year, particularly because Bitcoin and ETH have been closely correlated.

“With the BTC-ETH correlation at 0.79, the BTC tide can still lift the ETH boat,” he said. “I suspect this correlation may actually strengthen.”

But ETH cracking $5,000 isn’t a sure thing, he cautioned. One of the things working against it is that it’s already had a big run.

“From a psychological viewpoint, it’s still very possible that investors rotate into non-ATH blue chips such as Solana to chase gains into year-end given strong crypto performance,” Shannon said. “This would hinder the chances.”

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GameFi Guides

Public Keys: Big ETH Stakes, AI Boost for Bitcoin Miners and 24/7 Trading

by admin September 6, 2025



In brief

  • SharpLink Gaming plans to stake part of its $3.6 billion ETH holdings on Linea network for higher yields, moving beyond traditional custodians Anchorage and Coinbase.
  • SEC and CFTC leaders announced they’re considering 24/7 trading markets to align with crypto’s always-on nature, marking another potential Trump administration change to financial markets.
  • Bitcoin miners hit a record $39 billion combined market cap by pivoting to AI compute services, with companies like TeraWulf seeing massive stock gains from GPU hosting deals.

Public Keys is a weekly roundup from Decrypt, that tracks the key publicly traded crypto companies.

Sharpening the Stake

Ethereum treasury firm SharpLink Gaming is planning to stake a portion of its $3.6 billion ETH stash on the Linea network once it hits mainnet.

The company had been staking almost all of its holdings through its custodians, Anchorage and Coinbase. But now it’s eyeing higher-yield opportunities.

“When you hold billions of dollars of ETH and you’re looking at a portfolio of staking, there is going to be an ability to deploy that through staking opportunities on Linea,” SharpLink co-CEO Joseph Chalom told Decrypt. “And that is really, really important, not only to Consensys, but to the Linea Consortium. And if there are opportunities that SharpLink can avail itself of to get better yield, higher risk-adjusted yield through the Linea network, we will do that.”

There’s been an awful lot of interest in staking and becoming Ethereum validators. The line to become a validator has a wait time of more than 16 days, according to Validator Queue.

An Ethereum ICO whale awakened recently and moved $645 million worth of ETH into a staking wallet this morning—although they still hold $1.1 billion worth of funds.

The news about staking ETH hasn’t exactly been great for SharpLink’s share price, though. SBET has lost 4% and shares are currently trading for $14.81. That’s nearly a 20% drop since the start of the week.

What business hours?

SEC and CFTC leaders  on Friday said they’re considering “24/7 markets” to match the cadence of the digital assets market.

“Further expanding trading hours could better align U.S. markets with the evolving reality of a global, always-on economy,” SEC chair Paul Atkins and CFTC acting chair Caroline Pham said in a joint statement on Friday.

But the chairs added the caveat that around the clock trading might not be a good fit for all asset types.

If the change comes to pass, the Trump administration will have left another mark on financial markets.

The chairs said the proposals all align with a report released in July by the Trump administration directing the agencies to loosen numerous U.S. restrictions on crypto trading..

It’s an ironic twist 10 years after Wall Street firms had to ban interns from pulling all nighters.

Bitcoin miners get an AI boost

According to JP Morgan analysts, publicly traded Bitcoin miners have AI to thank for a new record-high market cap set last month.

Their combined market cap soared to $39 billion as firms leaned into their high-performance computer pivots, which primarily serve AI firms’ voracious appetite for compute power.

Last year’s Bitcoin halving and soaring hashrates have relentlessly cut into margins, but thankfully there’s lots of demand in the GPU farms.

JP Morgan tracks 13 U.S.-listed miners, including Iris Energy, Hut 8, Core Scientific, Marathon, and Riot. The list also includes TeraWulf, whose stock rose a staggering 83% after the company upsized its colocation and AI hosting deal with Fluidstack.

This is less a scrabble for profits and more a sign of carefully laid plans panning out. Plenty of miners have been planning these pivots for years.

Other Keys

  • Strategy drops $450M on Bitcoin: It’s hardly surprising when Strategy buys more Bitcoin. This one kept its streak alive the same week its stock earn a reiterated Buy rating from Benchmark.
  • Back in custody: U.S. Bank has revived its Bitcoin custody service. The $60 billion market cap lender has revived the program after a years-long pause as demand for institutional grade custodians swells.
  • Metaplanet shareholder crunch: Shareholders of the Japanese Bitcoin treasury firm approved an $884 million capital raise as the company struggles to raise cash. An analyst told Decrypt he expects the firm to keep its BTC buying pace, even if Bitcoin dives this month.

Daily Debrief Newsletter

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Ethereum Ico Whale Stakes $646M As Price Holds Above $4.3K
GameFi Guides

Ethereum ICO Whale Stakes $646M as Price Holds Above $4.3K

by admin September 6, 2025



An early Ethereum investor has made a dramatic return to the market by staking one of the largest ETH deposits in recent memory. 

On Thursday evening, 150,000 ETH, valued at around $646 million, moved from three wallets tied to Ethereum’s 2014 initial coin offering (ICO) into a staking address. This move comes as the Ethereum price trades at $4,325.35, up 1.20% in the last 24 hours at the time of writing.

The wallets had been sitting idle since February 2022, only handling transactions that weren’t in ETH. The investor made a move which is not usual by buying 1 million ETH during the ICO for $310,000, which means they snagged each token for a mere $0.31.

An #Ethereum ICO participant who received 1,000,000 $ETH just woke up after 8 years of dormancy.

He moved 150,000 $ETH($645M) to a new wallet for staking.

He invested $310K in the ICO via 3 wallets and received 1,000,000 $ETH — now worth $4.3B.

After staking 150,000 $ETH, he… pic.twitter.com/B5CBTBJ2O5

— Lookonchain (@lookonchain) September 5, 2025

That holding is now worth about $4.3 billion, according to Blockchain analytics platform Lookonchain on X. Even after this massive staking deposit, two wallets still hold another 105,000 ETH worth $451 million.

Dormant Ethereum Supply Comes Alive

This latest staking action follows a trend of long-term Ethereum whales reentering the market. Last month, another early participant transferred $19 million worth of ETH to Kraken, while a separate whale moved 2,300 ETH to the same exchange.

However, unlike those transfers, this week’s activity adds to Ethereum’s staking layer instead of fueling sell pressure. Ethereum staking now exceeds 33 million ETH as older investors seek stable yields through the proof-of-stake model.

Market Trends Reflect Bullish Sentiment

According to data from Coinglass, Ethereum’s funding rates have mostly remained in the positive territory over the past few months. Funding rates being positive means that long-term traders are paying short-term traders, which is a bullish signal.

Ethereum OI-Weighted Funding Rate, source: Coinglass

According to the chart, Ethereum’s price surged from around $1,800 in early April to over $5,000 by mid-August. Since then, it has pulled back a bit, settling in the $3,000 to $3,200 range before bouncing back. 

The rising funding rates have coincided with these price increases, suggesting a strong buying momentum. On the other hand, sharp declines in funding rates often indicate a cooling-off period when the market gets too hot. 

Ethereum whale choosing to stake $646 million instead of selling is a sign of long-term confidence. Hence, this move supports Ethereum’s network security and alleviates concerns about sudden sell-offs.

Also Read: SharpLink to Stake $3.6B in Ethereum on Linea After Launch





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September 6, 2025 0 comments
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(Getty Images for Unsplash+)
GameFi Guides

Ethereum ICO Whale Stakes $646M ETH After Three Years Dormant

by admin September 5, 2025



An early ether {{ETH}} investor just rejoined the market’s economic layer with one of the largest staking deposits in recent memory.

On-chain data flagged 150,000 ETH, worth about $646 million, moving from three wallets tied to Ethereum’s 2014 initial coin offering into a staking address on Thursday evening.

The wallets had been inactive since February 2022, when they processed non-ETH transactions.

The investor originally received 1 million ETH during the ICO for a $310,000 outlay — effectively buying ether at $0.31. That position is now valued near $4.3 billion, according to Lookonchain data.

Even after this week’s movement, two wallets still hold another 105,000 ETH, worth $451 million.

It’s the latest in a string of resurfacing ICO whales. Last month, one participant transferred $19 million in ETH to Kraken, while another moved 2,300 ETH to the exchange.

Traders view such transactions as signals of long-dormant supply entering circulation, though in this case the funds were staked rather than sold.

Ethereum’s staking layer has swelled past 33 million ETH this year, with older investors increasingly participating as yields stabilize and the network’s proof-of-stake model matures.



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September 5, 2025 0 comments
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