The new SEC Chairman Paul Atkins has outlined fresh goals for the crypto industry under his leadership. In his testimony before the United States Senate Appropriations Subcommittee on June 3, 2025, the newly appointed chairman of the Securities and Exchange…

SEC Chair Atkins reaffirms promise to end ambiguity in crypto regulation.

Bitcoin’s price has barely moved in the last week, but other signs point to 
growing activity on the network. On June 5, Bitcoin traded around $104,300, 
down 0.50% in 24 hours and off 2.5% over the past seven days. Yet data shows 
more people are joining the network, and more coins are being passed around. 
Related Reading: Bitcoin Reserve Gets Military Nod, Senator Predicts Explosive 
10-Year Surge Wallet Creation Jump According to Santiment, on May 29 nearly 
557,000 new wallets appeared. That was the highest number since December 2023. 
It means thousands of people are opening wallets even though price has stayed 
just under $105,000. People normally open new wallets to send and receive 
bitcoins but they somehow come across the idea through new sources, increased 
talks among friends or create simple curiosity. In any case, an increased 
wallet holding indeed indicates a much wider usage. 📊 Bitcoin&#8217;s on-chain 
activity has seen sharp rises this week as its price hovers just below $105K: 
📈 May 29th: 556,830 new $BTC wallets created (Highest since December 2, 2023) 
🔄 June 2nd: 241,360 coins circulated (Highest since December 8, 2024) Growth 
in a network&#8217;s… pic.twitter.com/2DxknVXrKT — Santiment (@santimentfeed) June 
5, 2025 Increased Token Movement On June 2, over 241,360 BTC changed hands. 
This was deemed the busiest day since December 2024. Reports from Santiment 
suggest that high coin turnover usually coincides with increased traffic. 
Traders might be moving coins in and out of exchanges, or investors could be 
shifting wallets. Big swings in daily token movement can point to a shift in 
sentiment—people either getting ready to buy or sell. Right now, it mostly 
looks like more users are sending coins to each other, which keeps the network 
busy even when price sits still. Big Holders Step In Data from IntoTheBlock 
shows that large holders—often called “whales”—are stocking up. Their coin 
inflows jumped by 145% over the last seven days, and by 214% over the past 30 
days. When big players load up, it can tighten supply on exchanges. That makes 
it tougher for new buyers to get in without driving price higher. If whales 
keep buying at this rate, it could lead to more upward pressure on price once 
everyday investors step in again. Related Reading: Bitcoin Scarcity May Spark 
Explosive Surge, Bank Study Shows Mid Tier Investors Buy It’s not just the 
really big holders adding coins. Wallets holding between 10 and 10,000 BTC 
added more than 79,000 BTC in just one week. That means these mid-tier holders 
picked up around 11,320 BTC per day on average. As of June 2, they held over 
13 million BTC in total. When both big whales and these mid-level holders keep 
stacking, it further cuts down the number of coins floating on exchanges. 
Fewer coins available often mean any shift in demand could move price more. 
Featured image from Imagen, chart from TradingView

Bitcoin Network Activity Booming Despite A Quiet Market—Data

Chainalysis told WIRED that it tracked a $31 million Bitcoin donation to 
online black market Silk Road founder Ross Ulbricht to a successor marketplace 
called Alphabay.

Ross Ulbricht’s big Bitcoin donor tied to Silk Road successor Alphabay: Report

The crypto market slid sharply on Friday, June 6, shedding 5% over the past 24 
hours as rising political tensions between President Donald Trump and Elon 
Musk sent investor confidence tumbling. The total crypto market capitalization 
now stands at $3.29…

Why is crypto down today? Trump-Musk fallout rattles sentiment, Dogecoin drops 20%

Uber CEO Dara Khosrowshahi says the ride-sharing giant is looking at whether 
stablecoins can help it save when money around the world.

Uber in ‘study phase’ of using stablecoins to lower costs, says CEO

North Korea’s sprawling crypto laundering network has been hammered as U.S. 
authorities seized $7.74 million tied to fake IT jobs, blockchain trickery, 
and weapons funding. DOJ Targets North Korea’s Crypto Laundering Network With 
Asset Seizure The U.S. Department of Justice (DOJ) announced on June 5 that it 
has filed a civil forfeiture complaint seeking to […]