CoinPhoton

@coinphoton

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Japanese investment firm Metaplanet has acquired an additional 1,241 BTC worth $126.7 million, bringing its total holdings to 6,796 BTC — surpassing El Salvador's 6,174 BTC. Since launching its Bitcoin accumulation strategy in April 2024, Metaplanet aims to reach 10,000 BTC by the end of 2025. The company funds these purchases through a series of bond issuances. It is now the largest public Bitcoin holder in Asia and ranks 11th globally, with holdings valued at approximately $706.7 million.

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President Donald Trump confirmed a private gala dinner on May 22 at Trump National Golf Club in Washington for the top 220 TRUMP token holders. The top 25 wallets will receive VIP access, photo ops with Trump, and a guided tour. All attendees will receive a commemorative NFT on Solana. The event follows insider transactions worth millions, pushing TRUMP’s price up 53% in one day to a peak of $16.03. Trading volume surged 200%, temporarily outpacing all other memecoins.

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ZachXBT revealed that around $7 million of the $330 million in stolen Bitcoin from an elderly U.S. investor has been frozen with Binance’s help. The victim was deceived via a social engineering attack, leading to the withdrawal of 3,520 BTC, which was quickly laundered through exchanges and converted to Monero. Two suspects were identified, including a Somalian running a scam ring in the UK. The case highlights the vulnerability of early crypto adopters lacking updated security measures.

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Vitalik Buterin outlines Ethereum development priorities for 2025 Ethereum co-founder Vitalik Buterin said on Warpcast that his focus in 2025 will be on long-term Ethereum Layer 1 (L1) development, including single-slot finality, virtual machine evolution, statelessness, and enhanced security and decentralization. He also aims to build a highly private, non-intermediated Ethereum application environment. In addition, he will emphasize decentralized acceleration (d/acc) topics such as communication tools, mechanism design, public goods funding, operating systems, hardware, and biodefense. Short-term tasks like scaling, P2P, and block building will be handled by others. Source: https://warpcast.com/vitalik.eth/0x011a5e2f

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Ripple reportedly offered $4–5 billion to acquire stablecoin issuer Circle, but the offer was rejected as undervalued. The bid came shortly after Circle filed for an IPO in the U.S. Ripple hasn’t decided whether to pursue the deal further. Recently, Ripple acquired Hidden Road for $1.2 billion to expand the XRP ecosystem. On the legal front, Ripple settled its case with the SEC, agreeing to pay $50 million after the agency dropped its appeal.

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The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Franklin Templeton’s spot XRP ETF application to June 17, 2025, citing the need for more time to assess the proposal. Franklin Templeton, the largest asset manager to apply for a spot XRP ETF, joins a growing list of institutional players seeking crypto fund approvals. Analysts say such delays are routine and don’t impact the eventual chances of approval, similar to earlier Bitcoin and Ethereum ETF cases.

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Massive capital inflows into Treasurys and gold are laying the groundwork for Bitcoin (BTC) to surge. Last week, U.S. Treasury funds recorded a $19 billion net inflow, surpassing the 2020 pandemic peak ($14 billion), while gold's share of global reserves jumped to 18% — a 26-year high. With foreign central banks cutting U.S. debt holdings to the lowest level in 22 years, Bitcoin is benefiting from the global de-dollarization trend. In 2023, as U.S. yields rose amid recession fears, Bitcoin surged 47% in one month while the Nasdaq dropped 8.7%. Now, with falling yields, improving liquidity, and a global rush into gold, Bitcoin could be poised for another powerful rally led by institutional capital.

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According to a new report from CoinGecko, government-held Bitcoin has dropped by 12.4% over the past year, from 529,591 BTC to 463,741 BTC—about 2.3% of the total supply. The U.S. leads with 210,429 BTC, followed by China (194,775 BTC), the U.K. (61,245 BTC), El Salvador (5,748 BTC), and Bhutan (4,200 BTC). Germany and Ukraine have fully liquidated their reserves. Except for El Salvador, all holdings come from criminal seizures, not direct purchases.

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Two Ethereum community members, Kevin Owocki and Devansh Mehta, have proposed a new dynamic fee structure for the Ethereum application layer to balance revenue generation and fairness for developers. The model uses a square root formula to adjust fees based on funding pool size, capping fees at 1% for projects over $10 million. This proposal comes as Ethereum faces growing competition from Solana and a sharp decline in network revenue. Source: https://ethresear.ch/t/fair-fees-a-dynamic-formula-for-balancing-app-layer-value-creation-and-value-capture/22225

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Norway’s sovereign wealth fund (Norges Bank) posted a $40 billion loss in Q1 2025, mainly due to a slump in US tech stocks. The fund indirectly held 3,821 Bitcoin through stock investments, raising concerns about BTC sell pressure amid economic uncertainty. Although buying Bitcoin ETFs seems unlikely, Norges Bank could still increase indirect exposure through companies holding BTC. Major funds like Mubadala and Wisconsin have already invested heavily in Bitcoin ETFs, signaling a growing trend of using crypto as a hedge asset. #NorgesBank #Bitcoin #BTC #Crypto #ETF #Investment #Economy

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The U.S. Securities and Exchange Commission (SEC) has approved ProShares Trust to launch a series of XRP ETFs, scheduled to take effect on April 30, 2025. The products include the ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, offering leveraged and inverse exposure to XRP price movements. While not a spot ETF, this marks a major step for XRP-related investment products in the U.S. market. ProShares Trust continues to expand its footprint in digital assets. Source: https://www.sec.gov/Archives/edgar/data/1174610/000168386325003520/f41642d1.htm

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According to official data, in the 7 days ending April 24, Circle issued approximately 3.7 billion USDC and redeemed around 2.5 billion USDC, resulting in a net increase of about 1.2 billion in circulation. The total USDC supply stands at 62 billion, backed by $62.3 billion in reserves — $7.9 billion in cash and $54.4 billion held in the Circle Reserve Fund. #USDC #Circle #Stablecoin #CryptoNews #Finance

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At the SEC’s third crypto roundtable on April 25, newly appointed Chair Paul Atkins emphasized the “huge benefits” of blockchain technology in efficiency, transparency, and cost savings. He pledged to establish clear regulatory frameworks for digital assets, hinting at previous instability under former Chair Gary Gensler. Atkins stated he would work with President Trump’s administration and Congress to craft appropriate regulations. Experts noted that the current regulatory environment feels “less intimidating,” though uncertainties remain. #SEC #Crypto #Blockchain #Trump #Regulation #CryptoLaw Source: https://www.sec.gov/newsroom/meetings-events/know-your-custodian-key-considerations-crypto-custody

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Ark Invest raised its 2030 bull-case Bitcoin price target from $1.5 million to $2.4 million, based on a new model factoring in Bitcoin's liquid supply. The base case is $1.2 million, and the bear case is $500,000. The most optimistic scenario assumes a 72% annual growth rate driven by institutional investment. In contrast, the bear and base cases lean on Bitcoin’s use as digital gold, especially in emerging markets where it acts as a hedge against currency devaluation. Ark noted that lost or long-held BTC are not reflected in most current valuation models. #Bitcoin #ArkInvest #BTC2030 #CryptoForecast #DigitalGold #InstitutionalInvestment #CryptoNews

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Citigroup predicts that the stablecoin market will reach $3.7 trillion by 2030, driven by stable adoption and regulatory progress. Stablecoins are expanding from crypto applications to finance and public sectors. Factors like demand from emerging markets and increasing institutional investments are fueling this growth. Countries like the US and the EU are establishing legal frameworks to support stablecoin development.

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