Crypto

Coinbase moves 1.163 trillion Shiba Inu tokens in 30 minutes; who is behind the large transfer?

Coinbase moved 1,163,213,299,134 Shiba Inu (SHIB) tokens in three transfers over about 30 minutes, a report said. On-chain data firm Arkham Intelligence identified the tokens being distributed to three new wallets from Coinbase Prime Custody addresses. Analysts viewed the movements as internal transfers rather than market buying or selling. No further withdrawals or transactions were detected from the new wallets as of publication, the report said.

Crypto

$5,000 flows into Satoshi dormant wallet, funds effectively unrecoverable

Bitcoin worth about $5,000 has newly flowed into a dormant wallet linked to Bitcoin creator Satoshi Nakamoto. The funds were sent from a Revolut co-owned hot wallet, making it hard to identify the sender. On-chain data show the sender tested the address with small transfers before sending 0.033 BTC. The recipient is a so-called Patoshi address cluster holding 1.11 million BTC, a holding described as untouched.