Vitalik's on-chain assets surpass $1 billion, including 240,000 ETH

Wallets 0x436F and 0x2DDf (likely belonging to the same whale) have accumulated 103.14M $INSP($3.02M), 10.31% of the total supply. This whale holds a total of $74.8M in assets.

On August 9th, according to the data from the Validator Queue Tracking website validatorqueue, the current exit queue of the Ethereum PoS network is temporarily reported to be 479.3K ETH, with a recent peak of 744K ETH. Based on the current price, the ETH exiting the PoS network is approximately $20.13 billion, and the withdrawal delay is currently reported as 8 days and 8 hours. Meanwhile, the staking demand for new validators has experienced a sharp decline. On July 17th, there were 435K ETH queued to enter the network, but today the admission queue has dropped to 22K ETH, worth about $0.92 billion, with a current queueing time of 9 hours.

On August 9th, according to the monitoring of LookOnChain, the suspected SharpLink Gaming-related address withdrew 17,655 ETH from the exchange platform again within the past 18 hours. The value of this withdrawal is approximately $72.7 million. Moreover, the whale address 0x3684 spent $34 million to purchase 8,109 ETH at a price of $4,193 per ETH.

On August 9th, based on LookOnChain's monitoring, the early Bitcoin evangelist and ShapeShift founder, Erik Voorhees, sold 6,581 ETH today at a price of $4,161, with a value of $27.38 million. Nine years ago, he acquired 14,945 ETH from ShapeShift (valued at $11,560 at that time and now worth $62.68 million), when the price of ETH was only $7.74. His last ETH sale was on December 6, 2024, when he sold 7,807 ETH at a price of $4,005 each ($31.27 million). He still holds 556.68 ETH ($2.33 million).

On August 9th, it was reported that during an interview, the Chief Financial Officer of Block Inc (XYZ), which is a payment platform owned by Twitter co-founder Jack Dorsey, stated that the company will introduce a new Bitcoin mining chip next week. This chip is intended to enhance the decentralized Bitcoin mining ecosystem. A few months ago, Block disclosed that it had completed the development of a 3-nanometer Bitcoin mining chip. In addition, Jack Dorsey posted on the X platform with the caption "Next Week" along with an image of mining tools, suggesting that a new product will be launched on August 14th.

September 8th. As per The Kobeissi Letter, on this day, the cumulative U.S. debt has for the first time ever officially exceeded $37 trillion. From July 4th, when Trump signed the "Beautiful Act" and raised the debt ceiling, the U.S. debt has seen an additional increase of $780 billion, which is equivalent to an average daily increment of $220 billion. Just in the previous week, the U.S. government carried out 10 bond sales with a total value of $724 billion, intensifying the U.S. debt crisis to an unprecedented level.