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Ethereum’s network is showing a sharp rise in new wallet activity, based on fresh data from Santiment. The number of new Ethereum addresses created each week is now between 800,000 and 1 million. That’s a significant jump from last summer when the network added only 560,000 to 670,000 wallets per week. Ethereum Wallet Creation Surges
The post Ethereum Records Massive Growth As New ETH Addresses Skyrocket Since May appeared first on CoinGape.
Last week, US-listed spot Bitcoin exchange-traded funds (ETFs) recorded net inflows exceeding $600 million.
While this marked a continuation of positive capital movement into digital asset products, it also had the lowest weekly inflow figure in the past month, signaling investor caution or profit-taking at higher levels.
Between May 12 and May 16, inflows into spot BTC ETFs totaled $603.74 million. Although this was a net positive in terms of inflow into these funds, last week’s figure was the lowest weekly inflow in the past month. This highlights a more cautious but sustained capital movement into the market.
The slowdown in ETF inflows can be linked to BTC price consolidation during the five-day period under review. Throughout that period, BTC traded sideways, facing resistance at around $104,971 while finding consistent support at $102,711.
This lack of clear movement likely led some investors to be more cautious, resulting in reduced capital inflows into BTC ETFs last week.
Still, bullish momentum persists in the BTC market. The king coin briefly surged to a three-month high of $107,108 during Monday’s early Asian trading session. While it has since corrected to trade at $104,956, the bullish bias toward the coin remains significant.
BTC’s price uptick comes alongside a rise in its futures open interest. This stands at $70.03 billion at press time, climbing 7% over the past day.
Open interest refers to the total number of outstanding derivative contracts, such as futures or options, that have not been settled. When open interest rises alongside price, it typically signals that new money is entering the market. This supports the strength of BTC’s ongoing trend and could trigger a sustained price uptick in the near term.
Moreover, options market data further supports this optimistic outlook. Today, the demand for call options has outpaced puts, pointing to a growing demand for bullish positioning.
Nevertheless, with derivatives activity surging and BTC reclaiming higher price levels, the coin could reach new highs in the short term.
The post Weekly Inflows Dip, But Bitcoin Bulls Are Not Backing Down | ETF News appeared first on BeInCrypto.
The post The U.S Seizes $2.4M in Bitcoin, May Add to Strategic Reserve appeared first on Coinpedia Fintech News
The U.S. Department of Justice has filed a civil complaint to seize 20.2 Bitcoin (worth $2.4 million) linked to a member of the Chaos ransomware group—a cybercrime network known for encrypting and leaking sensitive data for ransom. The group is suspected to be a rebranding of Blacksuit.
The seized Bitcoin, originally confiscated by the FBI in Dallas on April 15, 2025, may soon be added to the U.S. Strategic Bitcoin Reserve, pending court approval.
In March 2025, President Donald Trump signed an Executive Order establishing the Strategic Bitcoin Reserve (SBR), a federal initiative to permanently store Bitcoin seized through civil and criminal cases. The policy aims to position the U.S. as a global crypto leader and safeguard Bitcoin as a long-term national asset.
While data from Bitcoin Treasuries estimates U.S. holdings at 198,012 BTC (valued at $23.54 billion), a recent FOIA investigation revealed inconsistencies.
The U.S. Marshals Service alone reportedly holds 28,988 BTC, but this figure excludes assets held by other agencies like the FBI, DOJ, and DEA. Blockchain firm Arkham confirmed that significant Bitcoin holdings are untracked publicly, suggesting actual reserves may be even higher.
Inspired by Trump’s national strategy, 30 U.S. states have introduced bills to create state-level Strategic Bitcoin Reserves. So far, only New Hampshire, Texas, and Arizona have successfully passed such laws.
A recent policy report titled “Crypto Policy Under Trump: H1 2025” outlines the guidelines for the Strategic Reserve:
With federal and state-level momentum, the U.S. is inching closer to becoming a Bitcoin superpower, leveraging crypto not just as an asset but as a tool of economic strength and global leadership.
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The post The U.S Seizes $2.4M in Bitcoin, May Add to Strategic Reserve appeared first on Coinpedia Fintech News
The U.S. Department of Justice has filed a civil complaint to seize 20.2 Bitcoin (worth $2.4 million) linked to a member of the Chaos ransomware group—a cybercrime network known for encrypting and leaking sensitive data for ransom. The group is suspected to be a rebranding of Blacksuit. United States files a civil complaint in the …
US President Donald Trump looks to revive ghosts of the April 2 ‘Liberation Day’ as he moves forward with his reciprocal tariffs ahead of the July 9 deadline. The president has announced a 25% tariff on goods from Japan and South Korea. Meanwhile, the BTC price is now at risk of dropping below the $108,000
The post Breaking: Trump Announces 25% Tariffs on Japan and South Korea, BTC Price Reacts appeared first on CoinGape.