Binance recorded a weekly net outflow of $12.3 billion as Ethereum withdrawals reached the highest level in three years. Net outflows from the exchange increased by 207% compared to the previous week.
Binance recorded a weekly net outflow of $12.3 billion as Ethereum withdrawals reached the highest level in three years. Net outflows from the exchange increased by 207% compared to the previous week.
$ETH has recorded 3 consecutive quarterly losses, a first since 2016.
Do you know what that means? https://t.co/Df782WxJwx
Sixteen hours ago, a wallet linked to Mining Express swapped 5,004 ETH for 8.8M DAI.
Mining Express was a collapsed Ponzi scheme launched in 2019 in Ukraine by Brazilian founder Kaze Fuziyama. The scheme recruited investors through an MLM structure before eventually ceasing payouts and pivoting to cloud video rendering.
In early 2022, Ukrainian law enforcement raided Mining Express's data center for several days, seizing cryptocurrency mining equipment as part of their investigation.
On March 19, 2024, this wallet received 4,512 ETH from wallet linked to Mining Express. The funds were later staked through Lido and Etherfi. By April 2026, all of the ETH had been staked, before being fully unstaked on May 4, 2026.
I first flagged this address on June 15, but didn't have the opportunity to investigate it further until now.
Related addresses:
0x9D6c9E135f96e5317f58b7B5Bf49C0d5dB03F3c1
0x06B8C5883Ec71bC3f4B332081519f23834c8706E
bc1qduw5sqvdc8dl4l7r84743xmang0ql2xghm407v
Stay smart.
Ethereum (ETH) is a decentralized platform that runs smart contracts, defined as applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.