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06:08
An early ETH investor dormant for 10.6 years awakens; $443 investment now worth $2.81 million
According to Odaily, on-chain data shows that an early ETH investor has awakened after 10.6 years of dormancy and attempted to transfer 1 ETH to an exchange, but the transaction failed. The 1,430 ETH that this investor purchased during the ICO for $443 is now worth $2.81 million, representing a 6,335-fold return.
05:40
Willy Woo: Market Front Running Quantum Threat of 4M Coins of Selling Pressure, BTC Price Action to Remain Depressed
BlockBeats News, February 16th, prominent analyst Willy Woo stated that Bitcoin's 12-year valuation trend compared to gold has recently been broken. BTC's relative valuation should have been higher, but in reality, it has not been achieved, mainly due to a risk awakening to quantum computing, causing the market to start pricing in potential issues in advance. Bitcoin is likely to be patched in the future through quantum-resistant signatures, but this will not address the issue of around 4 million "lost" BTC (early lost private keys that could be cracked by a quantum computer) re-entering circulation. Willy Woo estimates a 75% probability that these lost bitcoins will not be frozen through a protocol hard fork, so the market needs to anticipate the 4 million coins' sell pressure. Since MicroStrategy began accumulating BTC in 2020, the total accumulation of corporate and ETFs is only 2.8 million BTC. These 4 million lost tokens represent 8 years of corporate accumulation and will result in significant supply dilution. Before "Q-Day" (Quantum Computing Threat Implementation Day, expected 5-15 years from now), the price of BTC will continue to be affected by this cloud hanging over.
05:40
JPMorgan has released its latest research report, directly downgrading the investment rating of building materials company Eagle Materials Inc (EXP) from "Neutral" to "Underweight."
Meanwhile, the bank has significantly lowered its target price from the previous $230 to $215, reflecting a cautious outlook on the company's short-term prospects.
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