BTC Reserve on Exchanges Increase as Miner Holdings Decline Amid Rising Stablecoin Withdrawals

For the first time in six weeks, Bitcoin (BTC) reserves on cryptocurrency exchanges have risen, a development often interpreted as profit-taking or a sign of reduced risk appetite. Concurrently, miner reserves have fallen to their lowest levels since mid-2025, suggesting that miners may be compelled to liquidate holdings to cover operational costs, as US government shutdown-related energy subsidies and tax incentives remain on hold. Meanwhile, withdrawals of stablecoins from exchanges have reached record levels, indicating a shift from higher-risk assets to safer alternatives. These combined indicators—rising exchange reserves, declining miner holdings, and surging stablecoin withdrawals—point to a broader trend of capital moving away from risk and diminishing on-chain liquidity.

SBF's lawyers contend that his conviction was unjustly expedited under pressure from the media, prosecutor's office, and his legal team. bloomberg

Bithumb Announces Listing of Momentum (MMT)
Bithumb has officially listed Momentum (MMT). More details are available at feed.bithumb.com.

Bithumb Launches MMT Momentum KRW Market Celebration Airdrop Event. Details available at feed.bithumb.com.

Kramer: All consumer-related sectors have entered a bear market.

#XUSD DeFi analyst YieldsAndMore warns of significant risks following Stream Finance’s $93 million loss. The incident could indirectly affect hundreds of millions of dollars in loans and collateral across multiple lending platforms, stablecoins, and liquidity pools. Stream’s debt extends across at least seven networks and involves counterparties such as Elixir, MEV Capital, Varlamore, TelosC, and Re7 Labs. Additionally, assets linked to Stream’s xUSD, xBTC, and xETH tokens are re-staked in protocols including Euler, Silo, Morpho, and Sonic, raising the potential for risk contagion within the DeFi ecosystem.

The Dolomite Foundation has closed a $10 million private placement and entered into a strategic partnership with Stewards Inc., a financial services firm advancing its digital asset strategy through network infrastructure and tokenized finance.

Lava, the Bitcoin lending platform, secures $200 million in combined venture capital and debt financing.

Zynk, a payments infrastructure platform leveraging stablecoin technology, has raised $5 million in funding from Coinbase Ventures and other investors.

Standard Chartered to Launch Digital Asset Custody Services for Bitcoin and Ethereum in Hong Kong Next Year

Upexi announced the acquisition of an additional 88,750 SOL, increasing its total holdings to over 2.1 million SOL.

ZKsync CEO proposes major overhaul of ZK token economic model, indicating that all network revenue will be directed toward token redemption and burning.

SharpLink reported receiving 459 ETH in staking rewards last week, with no disclosures of ETH purchases.

The US Congress has introduced legislation to prohibit public officials from using their positions for personal profit through cryptocurrency ventures. The bill also proposes measures to prevent conflicts of interest and curb foreign influence in policymakers' digital asset dealings.

The US Congress has introduced legislation aimed at prohibiting the use of public office for personal financial gain through cryptocurrency ventures. The bill also proposes measures to prevent conflicts of interest and curb foreign influence in politicians' digital asset transactions.

Zachxbt retweeted an investigation indicating that DWF was compromised in September 2022, with hackers tied to North Korea potentially responsible for a $44 million theft.

Zachxbt retweeted an investigation alleging that DWF was compromised in September 2022, resulting in a $44 million loss. The breach is believed to have been orchestrated by hackers with ties to North Korea.

Jupiter DAO has approved a proposal to burn approximately 130 million JUP tokens from the Litterbox Trust, representing roughly 4% of the total token supply.

Berachain announced that the $12.8 million stolen by hackers has been fully recovered and returned to Balancer. The platform has resumed HONEY minting and redemption activities.

James Wynne has initiated a short position on Bitcoin at approximately $107,000, according to blockchain data. No profits have been realized to date.

CoinGlass reports over $310 million in liquidations in the past hour, bringing the total to approximately $1.1 billion over the past 24 hours.