The crypto money market, which became even more active after Halving, made investors curious about the developments on May 6th.
The crypto money market, which has been turbulent for some time, surprised everyone with the agenda on May 6th. The launch of a mysterious whale 10 years later, the #Bitcoin network has reached one billion transactions, and venture capitalists' perspectives on crypto have come to the fore today. So what are the details about these topics?
The Bitcoin whale's 10-year sleep has come to an end!
A Bitcoin whale from the period when Satoshi Nakamoto was active has woken up after 10 years. The wallet with 687 #BTC ($ 43.9 million) in it moved the BTC it had to two different wallets on May 6. The wallet first transferred 625.43 Bitcoin (BTC) to an address starting with bc1qky, and the remaining 61.9 BTC to bc1qdc. the movement of funds from wallets, especially from the Satoshi era, often arouses curiosity among the Decryption community.
The term "Satoshi era" is connected with the early days after the creation of Bitcoin, when its pseudonymous founder Nakamoto was active online in forums. It is speculated that some Satoshi-era wallets are generally related to Satoshi himself.
According to a Fortune report, a total of 1.75 million Bitcoin wallets have been inactive for more than a decade. Some of these wallets contain BTC, which is estimated to have been purchased when the BTC price was trading in double digits and is currently expressed in millions.
These dormant wallets are equivalent to 1,798,681 Bitcoins, worth about $ 121 billion at today's price.
A historical event on the Bitcoin network: It has reached one billion transactions!
The Bitcoin network has signed its one billionth transaction, which is a major milestone 15 years after its establishment. Clark Moody's Bitcoin dashboard recorded that the transaction number 1,000,000,000 dug into block number 842,241 was reached at 9:34 UTC time on May 5th.
This breach took place 15 years, four months and four days after Satoshi Nakamoto, the inventor of Bitcoin (BTC), dug the first block of the network on January 3, 2009. During the 5,603-day existence of the Bitcoin network, an average of 178,475 transactions were made daily.
Venture capitalists are flocking to crypto
Venture capital investments in crypto startups showed a significant increase in the first quarter, as financing increased in line with the bull market.
March January and Dec, according to data from Galaxy Research, venture capitalists invested $ 2.49 billion in blockchain and crypto startups between January and March, an increase of 29 percent. A total of 603 deals were financed. The capital increase comes after three consecutive quarters of declines.
According to the report, “This was the first increase in both invested capital and the number of deals in 3 quarters, perhaps the 4th of 2023. it indicates that the quarter is “bottoming out,” but the continuation of quarterly increases – and a more meaningful increase – will confirm this in the coming quarters," the statement said.
Infrastructure initiatives accounted for 24 percent of the total capital raised, led by EIGENLAYER's $100 million financing round. Web3 companies received 31 percent of the total capital raised.
