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The transfer went to an unknown, newly created wallet at 11:23 a.m. ET Nov. 4 (16:23 UTC).

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Ethereum (ETH) climbed approximately 4% in the last 24 hours, breaking above $2,400 as global risk assets rallied following the US midterm elections. The second-largest cryptocurrency is trading around $2,415 after reaching its highest level since October 23, supported by improving market sentiment and a wave of liquidations across cryptocurrency derivatives markets. The rally followed a decisive Democratic victory in Tuesday's elections, with the party securing control of both the House of Representatives and the Senate. President Donald Trump subsequently indicated that he was willing to work with Democratic lawmakers, offering investors some reassurance about the potential for cooperation between the White House and Congress.

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American Bitcoin's profit surge highlights the volatility of relying on Bitcoin's price, with operational challenges impacting long-term stability. American Bitcoin swings to $126M profit in Q3 2026 on Bitcoin gains.

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Bitcoin Adoption could gain another important milestone as Russia's largest securities exchange moves closer to introducing direct cryptocurrency trading through its established financial infrastructure. Moscow Exchange has published new details about its planned December 1 launch, confirming that Bitcoin, Ethereum, and USDT will be among the first supported digital assets.