Over $1 Trillion Worth of BTC Futures Deposited in the Last Hour
According to Cryptoquant Alarm, 12,033.22 BTC (worth approximately $1 trillion) was deposited into multiple futures exchanges in the last hour. Specifically, 8,359 BTC was deposited into Kraken, 3,190 BTC into Binance, and 207 BTC into Bitfinex. Generally, exchange deposits are interpreted as intended for selling volume, while withdrawals are seen as for holding purposes. However, exchange deposits do not necessarily lead to immediate selling. Cryptoquant explained that "for custody-supported exchanges, large deposits could potentially be customer deposits from custody clients".
Consensys Appears to Have Purchased $320 Million in ETH
Arkham reported that an address related to Ethereum infrastructure company Consensys received 320 million dollars worth of ETH from Galaxy Digital. The amount was transferred to a new address (starting with 0x0b2), with $120 million worth of ETH staked in Liquid Collective, an institutional Ethereum staking support protocol.
The Blockchain Group to Discuss $11.4 Billion Funding at Next Week's Shareholders Meeting
Bitcoin News reported that The Blockchain Group (ALTBG), a French blockchain company that announced a Bitcoin strategic reserve, will discuss a funding plan of 100 billion euros (approximately $11.4 billion) at next week's shareholders meeting. The funds are expected to accelerate their BTC reserve strategy.
Ethereum Foundation Plans to Reduce Annual Spending Limit
The Ethereum (ETH) Foundation disclosed its treasury management principles through an official blog. They plan to initially limit the annual spending to 15% of treasury assets and gradually reduce it to 5% over the next five years. Additionally, they will maintain a principle of securing an "operational cost buffer" equivalent to 2.5 years of expenses to prepare for unexpected situations or revenue decreases. Current ETH management strategies include solo staking and supplying wETH to existing lending protocols, with future plans to incorporate on-chain farming and tokenized real-world assets (RWA) into fiat currency reserves.
JP Morgan Plans to Offer Cryptocurrency ETF Collateralized Loans to Customers
Unfolded reported that JP Morgan plans to provide cryptocurrency ETF collateralized loans to its customers.
Foreign Media: Circle's IPO Might Exceed Expected Price Due to Oversubscription
Coindesk, citing Bloomberg, reported that Circle's Initial Public Offering (IPO) for its dollar-based stablecoin USDC might exceed expected pricing due to oversubscription. Circle stated in SEC documents that it plans to sell 32 million shares at $27-28 per share, with a previously estimated enterprise value of $7.2 billion. The IPO, which includes participants like BlackRock and ARK Invest, has recorded over 25 times oversubscription in investor demand.
US SEC Confirms Receipt of 21Shares SUI Spot ETF Application
Foreign media reported that the US Securities and Exchange Commission (SEC) has officially confirmed receipt of 21Shares' application for a SUI spot ETF.
US SEC Extends Review Period for Canary Capital's SUI ETF
Foreign media reported that the US Securities and Exchange Commission (SEC) has extended the review period for Canary Capital's SUI ETF.
Bitwise CEO: "Cryptocurrency Investment at a Very Good Time... Risks Significantly Reduced"
Daily Hodl reported that Bitwise's CEO Hunter Horsley told CNBC that it's "a point where risks have significantly reduced in allocating cryptocurrencies to portfolios". He emphasized that "it's a really good time for investors to invest in cryptocurrencies. There's no free lunch in investing, and you must accept risks to receive rewards. This year, for the first time, the biggest risks in cryptocurrencies have been removed. The current crypto market has potential for significant returns, but overhang risks have disappeared."
Treasure Global Announces $100 Million Cryptocurrency Investment Strategy
Nasdaq-listed Malaysian technology solutions provider Treasure Global (ticker TGL) announced a $100 million cryptocurrency investment strategy to strengthen digital infrastructure and support AI-based platform launch. The strategy includes a phased investment plan covering Bitcoin, Ethereum (ETH), and regulatory-compliant stablecoins.
US Democratic Representatives: "Trump's Cryptocurrency Activities Breed Conflicts of Interest and Corruption"
During a cryptocurrency market structure bill hearing hosted by the US House Financial Services Committee, some Democratic representatives criticized former US President Donald Trump's cryptocurrency-related activities as causing conflicts of interest and corruption. According to The Block, New York Democratic Representative Gregory Meeks stated, "The president has created such an unreasonable situation that we can't help but discuss it. I hope we can make progress through responsible discussion of the bill." Connecticut Democratic Representative Jim Himes warned that if provisions preventing conflicts of interest are not added to the bill, he will not vote in favor and will encourage other Democratic representatives to vote against it.
Analysis: Cryptocurrency Market Showing Similar Patterns to 2017 Bull Market
An analysis suggests that the cryptocurrency market is showing a pattern similar to the bull market of 2017. Joe Burnett, market research director at Unchained, explained in a recent report that "the current bull market is similar to the 2017 cycle. In 2017, there was an exponential rise due to altcoin speculative sentiment, and investors had to buy BTC first to purchase altcoins. During this process, investment funds were drawn into BTC. In the bull market starting from 2024, speculative demand is emerging as more companies are accumulating BTC. The spot ETF inflows are serving as additional fuel. However, while it was typically common for an altcoin season to appear after BTC's rise, such movement is not currently visible. For altcoins to revive, they will need a narrative that surpasses BTC."
US Federal Reserve Beige Book: "Slight Decrease in Overall Economic Activity"
The Federal Reserve released its Beige Book report covering 12 regional economies, assessing that overall economic activity has slightly decreased. Some regions reported a worsening economic outlook, while others indicated improvement. Inflation continues to rise at a moderate pace, suggesting that the Fed's inflation concerns have not been fully resolved.
French Cryptocurrency Crime Suspect Arrested
Badiss Mohamed Amide Bajjou, a French-Moroccan dual national, has been arrested as the suspected mastermind behind a series of kidnapping and robbery incidents targeting high-net-worth individuals and cryptocurrency entrepreneurs, according to The Block. Bajjou is accused of involvement in multiple cryptocurrency-related crimes since July 2023, including attempted kidnapping of Ledger co-founder David Balland in January 2025 and Paymium CEO Pierre Noizat's family in May 2025. Previously, French authorities had indicted 25 people related to the Paymium CEO family kidnapping case.
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