Dig Deeper, Invest Smarter
Robinhood has launched its Ethereum (ETH) and Solana (SOL) staking services in the US, allowing users to earn rewards by staking their digital assets. The feature, which was previously available to Robinhood’s European customers, now brings the ability to stake ETH and SOL directly through the platform for US users. Robinhood Staking Process and Rewards
The post Breaking: Robinhood Ethereum and Solana Staking Goes Live for US Customers appeared first on CoinGape.
Attorney James A. Murphy has brought action against the Department of Homeland Security (DHS) in the U.S. District Court for the District of Columbia. The lawsuit was initiated to compel the release of government records related to the identity of Bitcoin creator Satoshi Nakamoto.
The suit was filed on April 7, 2025, following the department’s failure to respond to Murphy’s Freedom of Information Act (FOIA) request dated February 12, 2025.
According to court documents, Murphy is seeking records of an interview that DHS allegedly conducted with the person or persons using the pseudonym Satoshi Nakamoto. This development comes following the Bitcoin creator’s birthday, which took place on April 5.
The complaint cites public statements made by DHS Special Agent Rana Saoud at a 2019 conference, where she allegedly confirmed that DHS knows Nakamoto’s identity and had sent agents to California to interview him.
The lawsuit comes amid increasing government interest in Bitcoin. The complaint referenced President Trump’s March 6, 2025, Executive Order establishing a “Strategic Bitcoin Reserve.” They also noted that nearly 20 states are currently considering legislation to authorize investing public funds in Bitcoin.
The lawsuit centers on statements made by DHS Special Agent Rana Saoud during a presentation at the OffshoreAlert Conference North America on April 29, 2019.
Court documents quote Saoud as explaining that a “really smart, forward-leaning agent” had requested to interview Nakamoto. Despite initial skepticism and “push back” from headquarters, agents were sent to California for the meeting. When the agents arrived, they reportedly discovered that Nakamoto “wasn’t alone in creating” Bitcoin and that “there were three other people” involved.
The complaint states that Saoud described how the agents “sat down and met with them and talked to them to find out how this actually works and what their reason for it was.” Despite this public disclosure, the identities of these four individuals have never been revealed to the public, according to the lawsuit.
Murphy’s suit provides a comprehensive timeline of efforts he undertook to get information requested through the lawful FOIA process before being forced to sue. On February 12, he requested records from four categories.
The records included whether there was any transcript of Saoud’s statements in 2019 that were made publicly. These include a record of any interview done by DHS with someone using the name Satoshi Nakamoto, a record of any interviews with others who claimed to be the inventors of Bitcoin, and a record of any information that discussed the identity of the creator(s) of Bitcoin.
The complaint indicates that DHS accepted the request for documents on February 13, 2025, and assigned tracking number 2025-HQFO-02468 to the request. DHS also forwarded the request to Immigration and Customs Enforcement (ICE), which is a component of DHS. However, on February 19, ICE informed Murphy that they intended to process the request under a prior tracking number (2025-ICFO-17214) assigned to a similar request made by Murphy earlier.
Satoshi’s identity will undoubtedly continue to be of huge interest, especially considering that the Bitcoin creator’s net worth is 1.1 million BTC, worth around $86.9 billion based on the flagship crypto’s current price.
Murphy’s complaint emphasizes the public interest in identifying Bitcoin’s creator. The lawsuit points to President Trump’s recent executive order directing that all Bitcoin held by the federal government be placed in a Strategic Bitcoin Reserve. It also authorizes the Secretaries of the Treasury and Commerce to develop “budget-neutral strategies for acquiring additional Bitcoin.”
The complaint also references pending U.S. Senate legislation to establish a Bitcoin reserve operated by the Treasury Department and notes that nearly 20 states are considering laws to allow public fund investment in Bitcoin.
According to the filing, many public and private companies currently hold Bitcoin as treasury assets. Notably, Strategy holds over 500,000 Bitcoin. However, Strategy halted Bitcoin purchases with no acquisitions made in the first week of April. This was following a recent drop in Bitcoin price to as low as $74,000.
The post Attorney Files Lawsuit Against DHS in Effort to Reveal Satoshi Nakamoto’s Identity appeared first on CoinGape.
Solana has posted a 7% increase in the past 24 hours, aligning with the broader market’s recovery. While this surge may appear promising, technical and on-chain data suggest that the coin could face significant resistance.
Despite the recent rally, SOL risks shedding these gains and could fall below the $100 mark if bearish pressures dominate.
While impressive, SOL’s current rally largely reflects the broader market trend rather than demand for the altcoin. The bearish divergence formed by its Chaikin Money Flow (CMF) shows this.
At press time, SOL’s CMF is below the zero line at -0.09, indicating a lack of buying momentum among SOL market participants.
The CMF indicator measures money flow into and out of an asset. A bearish divergence emerges when the CMF is negative while the price is climbing. The divergence signals that despite the upward movement, there is more selling pressure than buying interest, suggesting weak bullish momentum.
This indicates that SOL’s current price rally may lack sustainability and could be at risk of reversing or stalling as new demand remains scarce.
Further, the coin’s long/short ratio highlights that its market participants lean more heavily toward the short side. At press time, this stands at 0.97.
The long/short ratio measures the balance between long positions (betting on price increases) and short positions (betting on price decreases) in the market. When the ratio is below zero like this, it indicates that there are more short positions than long positions.
This suggests that bearish sentiment remains dominant in the SOL market, and its futures traders are anticipating a decline in the asset’s price.
During Monday’s intraday trading session, SOL plummeted to a 12-month low of $95.26. Although it has since rebounded to trade at $108.77 at press time, the lingering bearish bias leaves the coin at risk of shedding these gains.
If SOL witnesses a pullback, it could break below the support at $107.88. If it falls back below $100, the coin’s price could fall toward $79.
On the other hand, if the uptrend continues, backed by a surge in new demand, SOL’s price could breach the resistance at $111.06 and climb toward $130.82.
The post Solana’s (SOL) 7% Rally Could Unwind as Traders Bet Against Uptrend appeared first on BeInCrypto.
Bitcoin ETFs have seen inflows between $100-900 million for 10 consecutive days, reaching a total increase of over $4.3 billion. ETFs like IBIT are consistently losing their volatility, attracting new institutional investment.
Although Bitcoin has always been used as “digital gold,” lower volatility also reduces the chance of runaway gains. This ETF volatility trend is drawing corporate money, but retail investors may lose their market influence.
These Bitcoin ETF gains are especially impactful because the market has had a few rough patches this month. Sure, IBIT has reported inflows on 30 of the last 31 days, but the broader ETF market saw multiple outflow periods in May.
Nonetheless, a bullish trend tentatively began in the middle of the month, and these gains persisted ever since.
Bitcoin’s price has been doing well lately, with encouraging signs for future growth. Additionally, major corporations have been stocking up on BTC, and the trend might be reflected in the ETF market.
Analyst Eric Balchunas seems to believe that institutional investors are pumping Bitcoin ETF inflows thanks to their surprisingly low volatility.
Specifically, although BTC is typically treated as a volatile asset, it can also hedge against inflation and recessions.
Bitcoin ETFs like IBIT have been consistently decreasing in volatility for the last 90 days, while traditional assets like gold are becoming more volatile. This trend is likely encouraging big players to fuel massive ETF inflows.
Nonetheless, this approach might not be as bullish as it looks on the surface. Bitcoin products were some of the biggest ETF launches in history, as this volatility creates the potential for runaway gains.
If this volatility goes down, it might change the entire profile of the median ETF investor. Balchunas called this a “conundrum,” as different investors want different things.
Bitcoin ETFs permanently transformed the crypto industry, and this volatility assessment is one indicator of an overall trend. The ETF issuers are acting while their products receive these inflows, consistently purchasing close to 4,000 BTC on a daily basis.
Between the issuers’ appetite and other corporate holders, retail investors may get priced out of Bitcoin altogether.
For now, though, these ETF inflows are just another barometer for Bitcoin’s success. Over the last month, there haven’t been any wild price swings, but BTC has posted very consistent gains.
The post Bitcoin ETFs Report Over $4 Billion in Inflows as Institutional Demand Peaks appeared first on BeInCrypto.