Dormant wallets move $785M in Ether after 8 years

Theta Capital Management is making waves in the investment world by launching its fifth blockchain venture fund, aiming to raise $200 million. This fund is set to focus on 1015 digital asset funds and boasts an impressive target of a 25% net internal rate of return (IRR). This initiative not only highlights the growing interest in blockchain technology but also signals confidence in the future of digital assets, making it a significant development for investors and the industry alike.

The recent suspension of R2 Protocol's X account right after its mainnet launch on Ethereum has raised concerns in the crypto community. This decentralized yield platform, which aims to provide real-world asset yields, went live on September 26, but the sudden account suspension could hinder its growth and user trust. It's crucial for platforms like R2 Protocol to maintain open communication with their users, especially during pivotal moments like a mainnet launch.

Ethereum's price has dropped significantly, hitting its lowest point since early August, as the broader crypto market faces turmoil. With liquidations nearing $1 billion, this decline of 20% from its peak this month raises concerns among investors. Understanding these trends is crucial as they can impact market confidence and investment strategies.

Little Pepe, a new memecoin, is gaining significant traction as it raises $25.9 million and sells 15.9 billion tokens, all while introducing a dedicated Layer-2 chain. This comes at a time when Bitcoin and Ethereum are experiencing slower growth, making Little Pepe a potential leader in the upcoming bull run. With Bitcoin still dominating the market, the rise of this memecoin could signal a shift in investor interest and open up new opportunities in the crypto space.

Ethereum is currently hovering around $3.9K after a volatile week, but there's optimism in the air with the upcoming Fusaka upgrade. Set for a December hard fork, this upgrade promises to introduce PeerDAS and other scaling improvements, which could significantly enhance Ethereum's performance. As the testnet activation approaches in early October, traders are hopeful that these developments will help overcome current market uncertainties and lead to a price breakout.

Ethereum is gearing up for a significant upgrade with plans to increase its gas limit to 60 million during the upcoming Fusaka upgrade. This decision, confirmed by Ethereum Foundation contributor Tim Beiko, was made during a recent developer call. The increase in gas limit is expected to enhance the network's efficiency and capacity, making it more robust for users and developers alike. With testnet activations set to begin in October, this upgrade could mark a pivotal moment for Ethereum's future, potentially attracting more users and applications to the platform.

In a surprising move amidst a market selloff, an OTC whale has purchased 60,333 Ethereum for $238.7 million, signaling confidence in the cryptocurrency despite its recent decline below $4,000. This significant buy comes as Ethereum faces intense selling pressure, with traders remaining cautious about its ability to find support. The whale's investment could indicate a potential rebound for ETH, making it a noteworthy development for investors and enthusiasts alike.

Jupiter Exchange has emerged as a leader in revenue generation on the Solana blockchain over the past 24 hours, showcasing Solana's increasing influence in the decentralized finance (DeFi) sector. This development is significant as it could alter the competitive landscape of blockchain ecosystems, indicating a shift in user preferences and investment strategies.

Analysts at Bitfinex are sounding the alarm over a massive $18 billion worth of Bitcoin options set to expire this week. This unprecedented expiry could lead to suppressed volatility in the market, raising concerns among investors. Understanding these dynamics is crucial as they can significantly impact Bitcoin's price movements and trading strategies.

Mira Network has officially launched its mainnet, a significant step that could greatly enhance AI verification processes and increase the utility of blockchain technology. This development is important as it not only promotes decentralized governance but also positions Mira Network as a key player in the evolving landscape of blockchain applications. The launch is expected to attract more users and developers, fostering innovation and collaboration in the space.

R2 Protocol has officially launched on Ethereum as of September 26, introducing a vault supported by tokenized U.S. Treasuries and a private credit vault. While the launch is a significant step for the protocol, some users have expressed dissatisfaction regarding the requirement to deposit USDC to earn rewards. This feedback highlights the ongoing challenges in balancing user incentives with operational requirements, making it a noteworthy development in the blockchain space.

The cryptocurrency market is facing a significant downturn as Bitcoin has dropped below $109,000, resulting in a staggering $170 billion loss across digital assets. This sharp decline has left traders anxious and cautious, grappling with high volatility and forced liquidations. The recent sell-off highlights the fragility of the market and the impact of external factors like the FOMC meeting, making it a crucial moment for investors to reassess their strategies.

Bitcoin is at a pivotal moment in its market cycle, leading analysts to speculate whether the ongoing bull run is coming to an end. With tightening volatility and historical data suggesting a possible breakout, experts are keenly observing the upcoming weeks for indicators that could shape Bitcoin's future. This situation is significant as it could impact investor sentiment and market dynamics, making it crucial for those involved in cryptocurrency.

Theta Capital Management is making waves in the investment world by launching its fifth blockchain venture fund, aiming to raise $200 million. This fund is set to focus on 1015 digital asset funds and boasts an impressive target of a 25% net internal rate of return (IRR). This initiative not only highlights the growing interest in blockchain technology but also signals confidence in the future of digital assets, making it a significant development for investors and the industry alike.

The recent suspension of R2 Protocol's X account right after its mainnet launch on Ethereum has raised concerns in the crypto community. This decentralized yield platform, which aims to provide real-world asset yields, went live on September 26, but the sudden account suspension could hinder its growth and user trust. It's crucial for platforms like R2 Protocol to maintain open communication with their users, especially during pivotal moments like a mainnet launch.

Vanguard, a major player in asset management, is set to allow its brokerage clients to invest in crypto ETFs, marking a significant shift towards institutional acceptance of cryptocurrencies. This move is noteworthy as it reflects a growing trend among traditional financial institutions to embrace digital assets, potentially opening the door for more widespread adoption and innovation in the financial sector.

Ethereum's price has dropped significantly, hitting its lowest point since early August, as the broader crypto market faces turmoil. With liquidations nearing $1 billion, this decline of 20% from its peak this month raises concerns among investors. Understanding these trends is crucial as they can impact market confidence and investment strategies.

Nubank has made a significant move by appointing a former Coinbase director as its Head of Crypto, which is a big step forward for enhancing digital asset services for its 123 million customers in Brazil. This appointment not only strengthens Nubank's position in the growing cryptocurrency market but also reflects the increasing importance of digital assets in the financial landscape. With this leadership change, Nubank aims to provide better services and innovations in the crypto space, making it an exciting time for both the company and its users.