PANews reported on October 12th that, according to market sources, on-chain analyst Eye revealed on the X platform that a HyperLiquid whale, who holds over 100,000 BTC and sold over $4.23 billion worth of BTC for ETH, may be linked to Garrett Jin, a former exchange executive. Between August and September, he used a series of BTC wallets through Hyperliquid/Hyperunit to sell over 35,000 BTC in exchange for ETH. The address used to deploy his ETH-staking contract received funding from a wallet whose initial funding came from "ereignis.eth." A second ENS domain associated with the address, "garrettjin.eth," points to X user Garrett Jin. Currently, Garrett Jin holds 46,295 BTC (currently worth $5.19 billion) in these addresses. Regarding this analysis, CZ retweeted: "I'm not sure if it's true or accurate yet, I hope someone can verify it."PANews reported on October 12th that, according to market sources, on-chain analyst Eye revealed on the X platform that a HyperLiquid whale, who holds over 100,000 BTC and sold over $4.23 billion worth of BTC for ETH, may be linked to Garrett Jin, a former exchange executive. Between August and September, he used a series of BTC wallets through Hyperliquid/Hyperunit to sell over 35,000 BTC in exchange for ETH. The address used to deploy his ETH-staking contract received funding from a wallet whose initial funding came from "ereignis.eth." A second ENS domain associated with the address, "garrettjin.eth," points to X user Garrett Jin. Currently, Garrett Jin holds 46,295 BTC (currently worth $5.19 billion) in these addresses. Regarding this analysis, CZ retweeted: "I'm not sure if it's true or accurate yet, I hope someone can verify it."

Analysis: The whale who sold over $4.23 billion in BTC for ETH is suspected to be Garrett Jin, a former executive of an exchange.

2025/10/12 14:43

PANews reported on October 12th that, according to market sources, on-chain analyst Eye revealed on the X platform that a HyperLiquid whale, who holds over 100,000 BTC and sold over $4.23 billion worth of BTC for ETH, may be linked to Garrett Jin, a former exchange executive. Between August and September, he used a series of BTC wallets through Hyperliquid/Hyperunit to sell over 35,000 BTC in exchange for ETH. The address used to deploy his ETH-staking contract received funding from a wallet whose initial funding came from "ereignis.eth." A second ENS domain associated with the address, "garrettjin.eth," points to X user Garrett Jin. Currently, Garrett Jin holds 46,295 BTC (currently worth $5.19 billion) in these addresses.

Regarding this analysis, CZ retweeted: "I'm not sure if it's true or accurate yet, I hope someone can verify it."

ข้อจำกัดความรับผิดชอบ: บทความที่โพสต์ซ้ำในไซต์นี้มาจากแพลตฟอร์มสาธารณะและมีไว้เพื่อจุดประสงค์ในการให้ข้อมูลเท่านั้น ซึ่งไม่ได้สะท้อนถึงมุมมองของ MEXC แต่อย่างใด ลิขสิทธิ์ทั้งหมดยังคงเป็นของผู้เขียนดั้งเดิม หากคุณเชื่อว่าเนื้อหาใดละเมิดสิทธิของบุคคลที่สาม โปรดติดต่อ service@mexc.com เพื่อลบออก MEXC ไม่รับประกันความถูกต้อง ความสมบูรณ์ หรือความทันเวลาของเนื้อหาใดๆ และไม่รับผิดชอบต่อการดำเนินการใดๆ ที่เกิดขึ้นตามข้อมูลที่ให้มา เนื้อหานี้ไม่ถือเป็นคำแนะนำทางการเงิน กฎหมาย หรือคำแนะนำจากผู้เชี่ยวชาญอื่นๆ และไม่ถือว่าเป็นคำแนะนำหรือการรับรองจาก MEXC
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Can Crypto Replace the Dollar?

Can Crypto Replace the Dollar?

The post Can Crypto Replace the Dollar? appeared on BitcoinEthereumNews.com. Can crypto replace the dollar?It’s a question that has moved from speculative debates in online forums to the halls of government, central banks, and global corporations. As Bitcoin, Ethereum, and stablecoins reshape how value moves across borders, the U.S. dollar — long the cornerstone of the global economy — faces its first real competitor in decades. But is a full replacement truly possible, or even desirable? Let’s explore how close crypto is to challenging the world’s most powerful currency — and what that means for the future of money. Key Highlights: The U.S. dollar remains the dominant global reserve currency, used in over 80% of international trade. Cryptocurrencies like Bitcoin and stablecoins are gaining traction as alternative stores of value. Central Bank Digital Currencies (CBDCs) may redefine what “digital money” means. Despite growth, crypto still faces volatility, scalability, and regulatory barriers. The future is likely a coexistence — not replacement — between crypto and fiat money. The Dollar’s Digital Rivalry For nearly a century, the U.S. dollar has been the backbone of the global financial system. It’s trusted, liquid, and universally accepted. From oil contracts to sovereign debt, the dollar defines the world’s monetary order. Cryptocurrency, by contrast, is barely 15 years old — yet it has already achieved something remarkable: a functioning, borderless financial system without central control. Bitcoin, with its fixed supply of 21 million coins, represents the opposite of fiat money. It’s decentralized, deflationary, and programmable, appealing to those who distrust inflation or centralized power. So, can crypto replace the dollar? The answer depends on how we define “replace.” If it means becoming the dominant medium of exchange, the road is long. But if it means becoming a global alternative store of value, that transformation is already underway. Bitcoin: The Digital Gold Standard Bitcoin’s original purpose, outlined…
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BitcoinEthereumNews2025/10/12 17:36
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