A dormant Bitcoin whale that had held its assets for over eight years recently suffered a loss of approximately $330 million after its wallet was hacked and drained. The stolen Bitcoin was laundered and swapped into Monero (XMR), which subsequently surged by about 50%. Onchain data indicates that the hacker may have engaged in derivative trading following the conversion. In parallel, significant activity has been observed in the Ethereum (ETH) market. A prominent whale has been actively trading ETH, alternating between buying and selling large amounts, including a recent profitable long position yielding $301,000. Institutional investors have also increased their Ethereum holdings: Fidelity purchased $36.19 million worth of ETH initially and followed up with an additional $25.5 million purchase, while BlackRock acquired approximately 27,537 ETH valued at nearly $50 million on Coinbase. Additionally, another whale withdrew 1.5 trillion PEPE tokens, worth around $13.3 million, from Binance. These developments reflect heightened market activity and institutional interest in Ethereum amid ongoing cryptocurrency market volatility.