XRP holders nearly doubled between October 2024 and May 2025 reaching 2.42% of the market according to Bybit’s latest asset allocation report. This reflects a strong shift as retail and institutional investors bet on XRP’s bright future after its legal victory against the SEC.

Solana fell by 35% in the same period dropping to 1.76% as expectations of an XRP ETF fueled a new sense of optimism. XRP overtook Solana in November 2024 and has maintained upward momentum while Bitcoin and Ethereum continue to command most market capital.

Active traders and big investors alike moved money out of stablecoins and into major cryptocurrencies especially BTC ETH and XRP. Analysts see this as part of a broader trend where XRP is seen as a promising long-term investment as its ETF approval probability grows.

Bybit’s H1 2025 Asset Allocation Report

Today, the U.S. Senate Banking’s Subcommittee on Digital Assets hosted a hearing entitled  “Exploring Bipartisan Legislative Framework for Digital Assets Market Structure” in which the panelists implored Congress to pass digital asset legislation soon.

(Spoiler alert: The word “Bitcoin” didn’t come up once in the hearing. With that said, Bitcoin would be subject to some of the crypto regulation discussed in the hearing. Hence, it’s important as a Bitcoin enthusiast to understand what was said.)

The hearing took place in the wake of Senators Cynthia Lummis (R-WY), Thom Tillis (R-NC), Bill Hagerty (R-TN) and Senate Banking Chairman Tim Scott (R-SC) issuing…

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Republican senators have released principles to guide digital asset market structure legislation, marking a significant step toward regulatory clarity that could benefit Bitcoin and the broader crypto industry. Senate Banking Chairman Tim Scott (R-SC), along with Senators Cynthia Lummis (R-WY), Thom Tillis (R-NC), and Bill Hagerty (R-TN), announced the framework balancing innovation with consumer protection. 

The principles address regulatory uncertainty that has plagued Bitcoin and digital assets, emphasizing clear jurisdictional boundaries between agencies and modernized oversight approaches for digital assets.  

“Since taking over as Chairman, I’ve led a new…

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Chainlink has partnered with Mastercard to enable direct onchain crypto purchases for over three billion cardholders worldwide. This move bridges traditional finance and decentralized finance allowing offchain payments to become seamless onchain transactions.

Users will now be able to buy cryptocurrencies directly with their cards while leveraging Chainlink’s secure oracle infrastructure. This initiative brings speed and security to the world of decentralized exchanges and empowers everyday consumers to take part in the future of onchain commerce.

Both companies highlight this as a critical advancement in mainstream adoption of digital assets. By making crypto more accessible this partnership aims to connect global payment networks with the evolving decentralized economy and attract new participants to the crypto space.

Source

ProCap BTC, LLC, a bitcoin-native financial services firm, announced it has acquired 3,724 bitcoin at a time weighted average price of $103,785 per bitcoin, worth approximately $386 million.

“The Company plans to continue buying bitcoin for its balance sheet as part of its ongoing business strategy,” stated the press release. “At the closing of the proposed business combination, ProCap Financial is expected to hold up to $1 billion in bitcoin on its balance sheet.”

Anthony Pompliano’s ProCap BTC announced just yesterday a definitive agreement to merge with Columbus Circle Capital Corp. I (NASDAQ: CCCM) to form ProCap Financial, Inc.

“The legacy financial…

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The Smarter Web Company, a web design, development, and online marketing services provider, has announced another Bitcoin purchase, acquiring 196.90 Bitcoin for £15,185,259 as part of its “10 Year Plan” treasury strategy. The London listed technology company paid an average price of £77,122 per Bitcoin ($103,290 per Bitcoin) for the acquisition. 

This purchase brings The Smarter Web Company’s total Bitcoin holdings to 543.52, representing a total investment of £42,388,373 at an average purchase price of £77,988 per Bitcoin ($104,450 per Bitcoin). 

The purchase follows a series of Bitcoin purchases by the company throughout 2025. So far in June, The Smarter Web…

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VMS Group a major Hong Kong-based multi-family office managing $4 billion is making its first move into crypto. The firm plans to invest up to $10 million in Re7 Capital strategies according to Bloomberg. VMS aims to diversify into more liquid assets as private equity exits have become harder with companies staying private longer.

Elton Cheung managing partner at VMS said this is the right time due to growing demand and stronger government support worldwide. The firm believes clearer regulations and large institutional backing make crypto investment more attractive. VMS has chosen to invest indirectly through Re7 Capital which focuses on generating yield from DeFi and crypto strategies.

Hong Kong regulators have recently supported crypto growth with new policies. This includes allowing professional investors to trade crypto derivatives and approving a bill for fiat-backed stablecoins. The government is also exploring blockchain technology for its central bank digital currency project using Chainlink solutions.

 Report 

The Bitcoin transaction graph has various observable patterns, with wallet clustering of highest importance. Some of these patterns have been studied and used to link coins from the same wallet, both in theory and practice.

Every transaction consists of a list of inputs (where the sats are taken from) and outputs (where the input sats are distributed). Inputs refer to the outputs of previous transactions, such as connecting transactions. Outputs lock some amount of bitcoin with certain spending conditions (i.e., the “address,” public key, or output script). Linking coins means identifying the entity that controls the keys to a collection of transaction outputs, spent or…

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