## Bitcoin Whale Moves $85 Million in BTC After 13-Year Dormancy

A **Bitcoin wallet** moved **909.38 BTC** (worth approximately **$84.6 million**) on Monday after remaining **dormant for over 13 years**, according to on-chain data.

### Details of the Transaction

Data from **Arkham Intelligence** shows that wallet "1A2hq…pZGZm" transferred its entire Bitcoin holdings to a single address "bc1qk…sxaeh" at around 4:17 p.m. on Monday. The wallet accumulated its Bitcoin between **December 2012 and April 2013**, when Bitcoin traded as low as **$13** to a peak of approximately **$250**.

The ownership of the Bitcoin wallet or the new address remains **unclear**.

### Historical Context and Market Trends

During Bitcoin's **record-breaking rally last year**, several **Satoshi-era wallets** resurfaced to move Bitcoin, widely interpreted as **long-term holders** seeking to realize gains accumulated over the past decade. Notably, one Bitcoin whale **sold over 80,000 BTC** in July 2025 through Galaxy Digital, making around **$9 billion in profits**.

### Current Market Conditions

Meanwhile, Bitcoin was trading at **$92,531** as of 9:40 p.m. on Monday, holding steady at levels seen after **U.S.-EU trade tensions** triggered a sudden market crash on Sunday.

The wallet accumulated its bitcoin between December 2012 and April 2013, when it traded as low as $13 to a peak of approximately $250.

Bitcoin Whale Awakens: $85 Million BTC Moves After 13 Years of Dormancy!

The Government of Bermuda has announced a groundbreaking initiative to transform the island into a **'fully onchain' national economy**, in partnership with crypto giants **Coinbase** and **Circle**. This ambitious plan, unveiled at the World Economic Forum in Davos, aims to deploy digital asset infrastructure across government agencies, businesses, and consumers, positioning Bermuda as a leader in blockchain-based financial innovation.

### A Vision for Onchain Integration
Bermuda's strategy focuses on integrating blockchain-based payments and financial tools at a national level. Coinbase and Circle will provide the necessary digital asset infrastructure and enterprise tools to support this transformation, targeting local banks, insurers, small and medium-sized businesses, and consumers. The partnership also includes plans for nationwide digital finance education and technical onboarding, ensuring widespread adoption and understanding.

Discussions for this collaboration began last year at the Bermuda Digital Finance Forum 2025, highlighting a long-term commitment to digital asset integration. An onchain economy, as described by the partners, would rely on digital assets as everyday financial infrastructure, addressing the challenges faced by Bermuda's small, entrepreneurial economy.

### Addressing Economic Challenges with Stablecoins
Traditional payment rails in Bermuda are often costly and restrictive, with high fees and limited access to onshore payment processors and fiat banking services. This can squeeze merchant margins and hinder economic growth. **Stablecoins**, particularly **Circle's USDC**, are central to the initiative, enabling merchants to accept fast, low-cost, dollar-denominated payments. Several live examples of USDC usage are already operating in the Bermudian market, demonstrating its practical benefits.

Premier E. David Burt emphasized the initiative's goals: "This initiative is about creating opportunity, lowering costs, and ensuring Bermudians benefit from the future of finance."

### Building on Regulatory Foundations
Bermuda has been a pioneer in digital asset regulation, introducing the **Digital Asset Business Act** in 2018—one of the first comprehensive regulatory frameworks for digital assets globally. Circle and Coinbase were among the first firms licensed under this regime, with Coinbase currently offering derivatives outside the U.S. through a Bermuda-based platform.

Momentum for the onchain economy initiative increased last year at the Bermuda Digital Finance Forum, where the government, Coinbase, and Circle executed an **onchain USDC airdrop**, distributing 100 USDC to each attendee for use with newly onboarded local merchants. Since then, additional Bermudian businesses have begun accepting digital payments, and local financial institutions have expanded their use of stablecoins and tokenized finance.

### Scaling Up with Future Plans
The efforts are expected to scale further at the Bermuda Digital Finance Forum 2026, scheduled for May 11–14. The event will include broader business participation, a larger consumer stimulus, and deeper engagement across the financial services sector. As part of the new initiative, government agencies will pilot stablecoin-based payments, financial institutions will integrate tokenization tools, and residents will participate in nationwide digital literacy programs.

These steps are intended to lay the foundation for a more inclusive, competitive, and resilient national economy built on onchain infrastructure. The transition is expected to deliver tangible benefits, including **lower transaction costs** and greater access to global finance through modern digital wallets, keeping economic value circulating locally.

### A Non-Exclusive and Aspirational Approach
The partnership with Coinbase and Circle is non-exclusive, allowing Bermuda to collaborate with other firms and technologies. The onchain economy initiative is described as aspirational, with no mandatory requirements for residents or businesses to adopt onchain tools, ensuring flexibility and voluntary participation.

In a related development, Coinbase today announced the launch of its **Coinbase Custom Stablecoins**, a 'stablecoin-as-a-service' product that allows businesses to create custom-branded stablecoins backed 1:1 by a flexible mix of USDC and other U.S. dollar stablecoins. Coinbase highlighted that stablecoins have become "the backbone of the onchain economy," enabling $9 trillion in adjusted annual transaction volume in 2025 alone.

The initiative aims to pilot stablecoin payments across government agencies, expand USDC adoption among local businesses, and more.

Bermuda's Bold Move: Partnering with Coinbase and Circle to Build the World's First 'Fully Onchain' Economy

If you're a **Bitcoin** investor, it's not too early to start thinking about 2028. The reasons for this are twofold. First, 2028 marks the date of the next **Bitcoin halving**. Second, 2028 marks the final year of the Trump administration, which has pledged on numerous occasions to make the U.S. the "crypto capital of the world." Both events could have seismic implications for the future price of Bitcoin.

## Bitcoin Halving

One event central to the lore of **Bitcoin investing** is the halving. This event, which reduces the supply of new Bitcoin by half, acts to increase its perceived scarcity. Bitcoin halving events take place roughly every four years. Thus far, Bitcoin halvings have taken place in 2012, 2016, 2020, and 2024. The next Bitcoin halving is projected for **April 2028**.

The halving is important because it has historically led to monster rallies in Bitcoin's price. You can think of it as the official kick-off of a period of rapid price appreciation that can last from 12 to 18 months. Even better, the halving typically leads to a new all-time high for Bitcoin.

For example, consider the last Bitcoin halving. It took place on April 19, 2024, when Bitcoin was trading for about $64,000. By the end of the year, Bitcoin had broken through the $100,000 price level. In 2025, Bitcoin soared even higher, eventually hitting a new all-time high of $126,000 in October.

![Two people on couch, looking at laptop and cheering.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F851481%2Fhappy-older-couple-with-laptop.jpg&w=700)

Image source: Getty Images.

So, if all goes according to plan, Bitcoin could be heading for another halving-induced rally in 2028. Bitcoin nearly doubled in price after the most recent halving, so is another doubling in price on the way in 2028?

The only question, of course, is what happens between now and then. Historically, Bitcoin follows a four-year cycle of boom and bust. The 12- to 18-month period of price appreciation ignited by the halving usually ends in a final blow-off top and then a spectacular collapse in Bitcoin's price.

Given that the current period of price appreciation started nearly 21 months ago, that means Bitcoin could be headed for a downturn this year. So I'm certainly not expecting the path of Bitcoin to be straight up in 2026 and 2027.

## Bitcoin and Politics

Is it too early to be talking about 2028 presidential politics? Perhaps so. But a number of influential crypto insiders have already highlighted the political pressure building within the Trump administration to make sure all the crypto successes of the past year are not immediately rolled back by the next administration.

For example, consider the **Strategic Bitcoin Reserve**. Launched to much fanfare last March, the Strategic Bitcoin Reserve has languished ever since. Right now, it consists only of Bitcoin that has been seized or confiscated by the U.S. government, and does not include any new Bitcoin purchases.

But that could change as early as this year. According to **Cathie Wood of Ark Invest**, the Trump administration may be tempted to initiate Bitcoin purchases for the reserve ahead of the 2026 midterm elections.

The thinking here is simple: Higher Bitcoin prices will likely help pro-Trump (and pro-crypto) political candidates in the midterm elections. A higher Bitcoin price will also help to bring in new crypto industry donations for projects like the new White House ballroom.

## What Will Be the Price of Bitcoin in 2028?

In the period from 2017 to 2025, Bitcoin posted a **compound annual growth rate (CAGR)** of 44%. That time period coincided with two halving-fueled rallies (2020 and 2024) and two spectacular collapses (in 2018 and 2022).

So let's assume that Bitcoin continues to grow at a CAGR of 44% throughout 2026 and 2027. Assuming a baseline price of $100,000 in January 2026, Bitcoin could theoretically hit a price of $200,000 heading into 2028.

That's when things could get really interesting. The 2028 Bitcoin halving, combined with strong political tailwinds coming out of the Trump administration, could send the price of Bitcoin skyrocketing. A lot has to go right, of course, but there's a good chance that Bitcoin investors will have reason to celebrate in 2028.

Key PointsThe next Bitcoin halving is scheduled to take place in April 2028.

Bitcoin's 2028 Boom: How the Next Halving and Political Winds Could Send BTC Soaring

## Ethereum's Unprecedented Milestone

Ethereum is currently processing **more transactions than ever before** while costing users **less than at any point in the network's recent history**. This remarkable achievement highlights the profound impact of recent protocol upgrades and a significant surge in stablecoin adoption.

### Transaction Volume Soars to New Heights

The seven-day moving average of transactions on Ethereum is now approaching **2.5 million**, a record high that's **nearly double its value from one year ago**. Transaction activity has experienced a dramatic surge since mid-December, reversing a general slow decline that began in the middle of 2025.

### Gas Fees Plummet to Record Lows

Simultaneously, average gas fees have fallen to **significant lows**. Data shows average transaction costs around **$0.15 in gas**, the lowest in the network's modern history. Etherscan gas data pegs estimated transaction fees even lower, averaging around **$0.04 for a swap** on Sunday.

This unusual combination of **peak activity and rock-bottom costs** marks a turning point for Ethereum, which has long faced criticism for high and unpredictable fees that priced out smaller users during periods of congestion.

### The Impact of Protocol Upgrades

The surge in activity comes seven weeks after Ethereum's **Fusaka hard fork went live**, which introduced **PeerDAS (Peer Data Availability Sampling)** and kicked off the network's new twice-a-year upgrade schedule. The final Blob Parameters Only fork, deployed January 8, pushed the blob target to 14 and the maximum cap to 21, significantly reducing data costs for **Layer 2 rollups**.

The collapse in mainnet gas fees reflects a separate but related trend. Ethereum's block gas limit **rose from 45 million to 60 million in late November**, a 100% increase from the start of 2025. As execution has shifted to Layer 2 networks, demand for mainnet blockspace has eased even as overall activity climbs.

### Stablecoin Usage Reaches Record Levels

The activity spike coincides with **record stablecoin usage**. Standard Chartered recently noted that stablecoin transfers now account for roughly **35% to 40% of all Ethereum transactions**, with Global Head of Digital Assets Research Geoffrey Kendrick declaring **"2026 will be the year of Ethereum."**

### Staking Activity Hits New Highs

Staking activity has also reached new highs. Over **36 million ETH is now locked in staking contracts**, representing roughly 30% of the circulating supply. The entry queue has swelled to over **2.5 million ETH**, its highest level since August 2023, while the exit queue has dropped to near-zero.

### Vitalik Buterin's Vision for 2026

Ethereum co-founder **Vitalik Buterin recently declared** that 2026 will be the year Ethereum's community works to combat the "backsliding" of personal autonomy in crypto, expressing his views on blockchain privacy and user experience in a detailed X post. "Every compromise of values that Ethereum has made up to this point - every moment where you might have been thinking, is it really worth diluting ourselves so much in the name of mainstream adoption - we are making that compromise no longer," Buterin said.

The seven-day moving average of daily Ethereum transactions is now nearly double its value from one year ago, as gas fees drop in tandem.

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