What Happened on April. 25th | Why So Many Long Dormant $BTC & $ETH Wallets Activated

According to Lookonchain monitoring data, some long-dormant $BTC whale addresses have recently awakened. (Three Dormant Whales held 8,199 $BTC for over 10 years Awaken). And it is not just Bitcoin wallets, an address containing Ethereum tokens that had been dormant for 7.7 years became active in recent days. The ETH holder had taken part in the blockchain’s Initial Coin Offering [ICO].

Last week, MetaMask developer @tayvano_ stated that there have been a large number of wallet thefts exceeding 5,000 $ETH since December 2022. The only known common point is that the keys were created between 2014 and 2022. (MetaMask: Large-Scale Wallet Theft Is Not Due to MetaMask Vulnerabilities)

Some KOL speculates it may be some old wallet generators were cracked. Old wallets may use unreliable sources of "random" to generate keys, making these keys easier to be cracked.

Biggest Gainers & Losers

Headlines

Coinbase Takes Another Step to Seek Regulatory Clarity From SEC for the Crypto Industry: Crypto exchange Coinbase has filed an Administrative Procedure Act challenge against the U.S. Securities and Exchange Commission (SEC), asking a federal court to force the regulator to respond to a petition for formal rulemaking in the digital assets sector.

Multiple StarkNet-based Projects Post Same Tweet Showing '04.28.23': Multiple Twitter accounts related to the StarkNet ecosystem, including StarkNet, StarkWarem Argent and Braavos, posted a same video on Twitter, which showed "04.28.23".

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Starknet Published 2023 Roadmap Focusing on Performance and User Experience

Bitget Released Updated $BGB Whitepaper With New Utilities and Buyback/Burn Mechanism

MetaMask Integrates with DEX Aggregator OpenOcean

Other news in case you missed it:

Tiger Brokers Intends to Apply Virtual Asset License in Hong Kong

National Policy Committee of the National Assembly of South Korea Passes the Virtual Asset Investor Protection Act

Three Dormant Whales held 8,199 $BTC for over 10 years Awaken

OKX Clarified It Does Not Support the Buying and Selling of "Shell Tokens"

20% of Binance.US Workforce Are in China, Bloomberg Reports

Fundraising

ARPA Network Secures Investment from DWF Labs

Web3 Payroll Solution Rise Works Closes $3.8 Million Seed Round

Decentralized Order Flow Marketplace DFlow Raises $5.5M Led by Framework Ventures

Web3 Education Company TinyTap Raises $8.5M with Participation from Sequoia China and Others