Bitso is expanding its payments partnership with Ripple by bringing its Mexican peso-backed MXNB stablecoin onto the XRP Ledger, where it will be used alongside Ripple USD (RLUSD) to support enterprise cross-border settlement between the United States and Mexico.

Mexico City-based Bitso said it will issue MXNB on the XRP Ledger where it will be integrated into Ripple’s Payments on DEX infrastructure and paired with RLUSD stablecoin for dollar- and peso-denominated settlement of enterprise payments.

Money transfers between the US and Mexico comprise the single largest remittance corridor in the world, according to the US Federal Reserve. American goods and services trade with Mexico totaled an estimated $935.1 billion in 2024, up 5.5% from 2023, according to the White House Office of the US Trade Representative.

MXNB will also be integrated into the XRP Ledger’s Permissioned DEX, a platform designed for verified participants that enables access to onchain liquidity and settlement infrastructure.

The companies have partnered on cross-border payment services in Latin America for several years, setting the stage for this latest expansion.

Electronic transfers dominated the $65 billion in US-Mexico remittances made by individuals in 2024.
Source: Federal Reserve Bank of Dallas

Related: MassPay taps Coinbase to expand stablecoin payouts

Stablecoins continue to gain ground in cross-border payments

Stablecoin adoption continues to grow across Latin America where Bitso operates directly, including in Mexico, Brazil, Argentina and Colombia, with institutional connectivity in Chile and Peru.

Dollar-backed tokens represented 40% of crypto purchases on Bitso’s platform in 2025, exceeding purchases of any other digital asset category.

Financial institutions and remittance companies have also expanded stablecoin-based payment infrastructure in recent months. In May, Anchorage Digital partnered with Mexico’s Grupo Salinas to support cross-border settlement and treasury operations using stablecoins. The companies said the initiative would use blockchain-based payment rails to facilitate international dollar transfers for financial institutions and businesses.

Earlier this month, MoneyGram unveiled its dollar-backed MGUSD stablecoin on the Stellar blockchain. The company said the token will be integrated into its app via a self-custodial wallet, allowing users to hold dollar-denominated balances, move funds globally and convert them into local currencies.

The push toward stablecoin-based payments comes as cross-border transfers remain expensive. World Bank data showed that sending $200 internationally cost an average of 6.36% in the third quarter of 2025, while blockchain-based settlement can be completed for a fraction of a cent.

Stablecoin adoption has accelerated over the past year, with total market capitalization climbing from around $251 billion in mid-2025 to more than $316 billion in June 2026, according to DefiLlama data. 

The global market cap of stablecoins is now more than $316 billion. Source: DefiLlama

Magazine: Bitcoin copying 2022 ‘almost perfectly,’ Ether to $4K in 2026: Market Moves

Risk assets tumbled as macro pressures intensified, pushing traders to reassess the path for monetary policy and growth. The Nasdaq 100 fell 7.5% in the week through June 10, erasing roughly $2.7 trillion in market value and highlighting how equities and risk assets can move in lockstep under a tightening financing backdrop. In crypto markets, Bitcoin faced renewed scrutiny as investors weighed whether the sector could still function as a hedge in a wobbling stock environment.

Oil rallying above $90 a barrel on concerns about supply disruption from geopolitical tensions in the Middle East added to the pressure. Traders increasingly priced in a longer period of restrictive policy even as job-market momentum remained in focus elsewhere. The broader energy and inflation dynamics fed a narrative that central banks could stay tighter for longer, complicating bets on risk assets, including digital assets.

On the inflation front, the U.S. Labor Department reported the producer price index (PPI) rose 6.5% year over year in May, the strongest pace since 2022. The data reinforced expectations among traders that the Federal Reserve could keep policy restrictive, with the CME FedWatch Tool showing about a 40% probability of a rate increase by September, up from around 5% just a month earlier.

Bitcoin derivatives reflected a cautious mood. Two-month Bitcoin futures traded with a relatively subdued annualized basis, slipping below levels that would indicate strong appetite for bullish leverage. In parallel, spot Bitcoin exchange-traded funds (ETFs) continued to experience outflows for a second consecutive month, with about $1.9 billion leaving spot BTC ETFs in June—signaling a cooling of institutional demand at a time when macro headwinds persist.

Amid this macro backdrop, investors also watched the tech and growth backdrop for clues about risk appetite. The market awaited the SpaceX initial public offering, which was oversubscribed by more than two times, underscoring that while investors remain selective, there remains a willingness to fund marquee tech and aerospace names. At the same time, heavyweight AI infrastructure spend signaled continued strategic investment in high-growth tech platforms, with Google unveiling plans to raise around $80 billion and Oracle and Super Micro Computer pursuing substantial fundraising rounds of $40 billion and $7 billion, respectively. The Friday debut of SpaceX stock could set the tone for a crowded pipeline of tech listings in the months ahead.

Meanwhile, the crypto market narrative was shaped by a series of balance-sheet moves and strategic repositioning. MicroStrategy (MSTR US) signaled a pause in new Bitcoin accumulation as it reoriented to reduce convertible debt, a move that weighed on the company’s cash position and highlighted the environment for corporate treasury strategies within the sector. Investors tracked the implications for Bitcoin’s liquidity and potential hedging properties during periods of outsized equity volatility.

Bitcoin-focused liquidity trackers and market data highlighted how the current cycle differs from prior episodes. Spot ETF outflows, now near the $2 billion mark for June, serve as a proxy for institutionally driven demand and suggest that BTC has not easily functioned as a hedge against broad stock-market declines during this cycle. As a result, traders remain cautious about a potential test of support near $60,000, even as some market participants keep eyes on longer-term macro dynamics and the evolving regulatory and policy backdrop.

Key takeaways

• Nasdaq 100 declined 7.5% over seven days to June 10, with roughly $2.7 trillion wiped from market value, underscoring broad risk-off sentiment that reverberates into crypto markets.
• June spot Bitcoin ETF outflows totaled about $1.9 billion, signaling persistent but selective institutional demand and questioning Bitcoin’s role as a hedge during a risk‑off cycle.
• U.S. PPI rose 6.5% year over year in May, the strongest pace since 2022, helping lift expectations for tighter monetary policy and a higher probability of a September rate hike (around 40%), according to CME FedWatch.
• Bitcoin futures showed a modestly negative impulse in the near term, with the annualized basis rate hovering near neutral, indicating limited demand for bullish leverage amid macro uncertainty.
• The SpaceX IPO drew oversubscription of more than 2x, signaling durable investor interest in marquee tech bets even as the broader market weighs inflation and policy trajectory; AI infrastructure funding also remained active, with major tech groups pursuing sizable capital raises.

Macro turbulence and the crypto lens

The week’s risk-off dynamics centered on a confluence of rising inflation signals, higher energy costs, and concerns about a slower growth impulse if monetary policy remains tight for longer. The 7.5% Nasdaq decline measured over seven days culminated in a market environment where traders questioned whether equities would stabilize before crypto assets could find durable footing. Oil’s move above $90 a barrel fed into those concerns by amplifying fears of a prolonged period of restrained consumer spending and investment activity, even as geopolitical developments remained fluid.

From a policy perspective, the PPI data added to the narrative that inflation could prove persistent, potentially forcing the Fed to maintain higher-for-longer rates. The market-implied probability of a rate increase by September rising toward 40% marked a notable shift from a month earlier, complicating the path for risk assets that are sensitive to discount rates and growth expectations. As policymakers weigh these signals, traders are scrutinizing where the next wave of liquidity and risk appetite might emerge, including the evolving relationship between traditional markets and crypto instruments.

Bitcoin, hedging, and the derivatives backdrop

Bitcoin’s reaction to the broader macro pressure remains a key focal point for traders. While spot ETF outflows hint at weaker institutional demand, the near-term futures market painted a more nuanced picture. Two-month BTC futures displayed an annualized basis rate that suggested limited appetite for aggressive leverage or a rapid price recovery, aligning with a cautious posture among market participants.

At the same time, the persistent outflows from spot BTC ETFs in June underscored a broader question about Bitcoin’s role as a macro hedge. Some investors have historically viewed BTC as a diversifier or inflation hedge, but this cycle has shown a more nuanced dynamic, with flows and price action often diverging from equity drawdowns. Market readers will want to monitor ETF activity alongside price action, on-chain signals, and macro indicators to better gauge Bitcoin’s hedging potential in the current environment.

Capital markets activity: SpaceX, AI, and the tech funding cycle

Beyond crypto, the tech funding cycle remained active, with a looming SpaceX IPO attracting attention as a potential gauge for tech market sentiment. Oversubscription by more than double indicates continued investor interest in high-growth, capital-intensive platforms, even as a broad equity pullback persists. The broader AI infrastructure space also drew attention, with major players signaling substantial fundraising activity. Google’s plan to raise around $80 billion, followed by Oracle’s and Super Micro Computer’s respective rounds of $40 billion and $7 billion, illustrates a continued appetite for large-scale investment in infrastructure and platforms that underpin AI and cloud ecosystems.

Industry observers noted that while the AI space has faced its share of volatility, the underlying demand for compute power, data processing, and specialized hardware persists. The timing and pricing of these fundraising efforts could influence how technology equities trade in the near term and may shape funding environments for similar companies seeking to scale infrastructure projects in the coming quarters.

What to watch next

Readers should keep a close eye on several developing threads. First, the Fed’s policy trajectory remains a primary driver of risk assets, and the market will be watching for new inflation signals, wage data, and energy prices that could alter rate expectations. Second, Bitcoin’s ETF flows and on-chain metrics will be worth tracking for clues about institutional participation and liquidity dynamics. Third, the pace and reception of SpaceX’s IPO, along with ongoing AI infrastructure funding, will help map the health of the broader tech investment cycle and how it interacts with macro uncertainty. Finally, corporate treasury moves—like MicroStrategy’s pause on new Bitcoin accumulation—will continue to shape the perceived balance between leverage, liquidity, and crypto exposure in corporate books.

In the near term, the path for Bitcoin and other digital assets will likely hinge on how quickly inflation cools, how oil prices evolve, and whether policy makers signal a clearer path toward normalization. For readers active in trading or investment, the coming weeks will be a test of whether Bitcoin can reassert a hedge-like role or remain tethered to broader risk-off dynamics in traditional markets.

Next developments to watch include updates on the Fed’s communications, fresh U.S. inflation data, and the continued reception of major tech IPOs and AI infrastructure capital raises. These factors will shape both macro sentiment and the subtle ways crypto markets respond to shifting risk appetite.

Citigroup is launching a blockchain-driven marketplace for private company shares, aiming to give wealthy and institutional investors a new route to pre-IPO exposure through tokenized instruments.

According to The Wall Street Journal, the platform will issue tokenized depositary receipts that represent ownership interests in private firms. The rollout will start with foreign investors, with a U.S. access plan to follow. Citi executives described the approach as enabling investors to hold private-company shares “right next to” their Apple stock within a familiar brokerage framework.

The project hinges on tokenization to modernize private markets. Citi argues that structuring private investments through tokenized depositary receipts can offer greater transparency than traditional private structures such as special-purpose vehicles, which have grown pervasive but exposed to opaque governance and limited visibility for investors.

The infrastructure behind the venture will be provided by SIX Digital Exchange, a subsidiary of SIX Group, the operator of Switzerland’s stock market. Citi said it is already in discussions with several large private companies about listing their shares on the platform, signaling a potential early slate of listings once the platform launches.

Key takeaways

• Platform mechanics on a familiar rails: Citi will issue tokenized depositary receipts backed by private-company ownership; foreign-investor access is planned first, with a U.S. rollout later; SIX Digital Exchange will power the blockchain layer.
• Transparency over opacity: Citi positions tokenized receipts as a more transparent alternative to SPV-based access to private equity and late-stage private stakes.
• Private markets’ long-run outperformance: PitchBook data summarized by the American Investment Council indicate private equity has outperformed the S&P 500 across 5-, 10-, 15-, and 20-year horizons, underscoring why market participants want broader access to pre-IPO exposure.
• Rising demand tempered by caution: Demand for tokenized pre-IPO exposure is rising—exemplified by high-profile IPO fervor—but investors should heed warnings about tokenized stock structures not representing equity, as OpenAI has cautioned.

Platform mechanics and governance

The reported plan frames Citi’s new marketplace as a direct on-ramp to private ownership through blockchain-enabled receipts. Tokenized depositary receipts will represent genuine ownership interests in private companies, with SIX Digital Exchange providing the underlying ledger and settlement infrastructure. Citi indicates it has engaged with several large private firms about listing their shares on the platform, signaling that the first wave of offerings could include substantial pre-IPO stakes.

While tokenization promises streamlined ownership records and potentially clearer governance, advocates acknowledge that valuation and liquidity dynamics for private shares remain complex. The platform’s success will hinge on how readily investors can buy, sell, and reconcile these receipts in real time, how dividends or distributions (if any) are handled, and how regulators oversee tokenized private equity transactions as they intersect with traditional markets.

Private markets in the spotlight

The broader appeal of pre-IPO investing has intensified as fintechs and traditional financial players explore tokenized access to private assets. Long-run performance trends in private markets have reinforced the appeal: data cited by the American Investment Council, drawing on PitchBook, show private equity delivering stronger returns than the S&P 500 across five-, ten-, fifteen-, and twenty-year horizons. Will Dunham, president and CEO of the council, has argued that this long-run outperformance strengthens the case for expanding retail access to private markets through regulated investment vehicles, including those tied to retirement portfolios.

Beyond Citi’s venture, the ecosystem is already experimenting with tokenized exposure to private companies. Some platforms offer tokenized representations that provide economic exposure, rather than direct equity ownership. OpenAI’s tokenized-stock warnings—issued last year—underscore a critical caveat: tokenized securities may not confer actual equity rights in the underlying company, a nuance that has important implications for investors seeking true ownership or voting rights.

Market signals and the road ahead

The appetite for tokenized and private-market access is underscored by high-profile IPO dynamics. Bloomberg has reported that SpaceX’s upcoming public listing has drawn substantial retail interest, with reported orders exceeding $70 billion ahead of the offering. This level of activity highlights a broader shift in how investors approach large-valuation, high-profile listings, and it echoes the growing willingness of retail and institutional buyers to participate in tokenized or blended private-to-public journeys.

At the same time, the ecosystem remains nuanced. Platforms like Kraken’s xStocks have seen significant on-chain activity as part of the push toward tokenized equities, illustrating how retail participants are experimenting with tokenized exposure to private and public offerings. Yet the landscape is not without risk: OpenAI’s caution about tokenized stocks remains a salient reminder that tokenized formats can diverge from direct equity rights, potentially affecting valuation, voting, and rights to dividends.

As Citi advances toward a potential rollout, observers will watch regulatory clarity, liquidity dynamics, and valuation standards to determine whether tokenized private-share platforms can scale into durable capital-formation channels or whether they remain a niche instrument tied to select institutions.

Watch for regulatory updates and liquidity progress in the coming months, as markets weigh whether tokenized private shares can meaningfully broaden access to private markets while preserving investor protections and price discovery. The outcome could shape how banks and fintechs collaborate to reframe private equity access for a broader audience.

TLDR

• XRP Ledger recorded under $400 in daily fees based on on-chain data from DefiLlama.
• Around 327 XRP were burned in 24 hours, valued at less than $400.
• Weekly fees stood near $3,100, while monthly fees reached about $16,000.
• Bitcoin, Ethereum, Solana, and Tron generated far higher daily fee revenue.
• XRPL uses a fixed fee model of 0.00001 XRP per transaction as a spam control measure.

The XRP Ledger recorded under $400 in chain fees in a single day as network activity remained low across key metrics. Data from DefiLlama showed minimal fee generation compared with major blockchains. Meanwhile, explorers reported only 327 XRP burned within 24 hours, reinforcing weak transaction value.

XRP Ledger Fee Activity Overview

The XRP Ledger generated roughly $3,100 in weekly fees, while monthly totals stayed near $16,000. Bithomp data confirmed that daily activity translated into less than $400 in burned XRP value. At the same time, the network processed over one million transactions daily.

DefiLlama tracked the fee levels across major chains and showed XRPL far below peers. Bitcoin generated about $183,000 in miner fees in one day. Ethereum posted over $323,000 in the same period, while Solana reached $358,000.

Tron recorded more than $1 million in daily chain fees, widening the gap further. XRPL activity stayed focused on low-cost transfers and automated network operations. The fee structure remained fixed at 0.00001 XRP per transaction.

The network design burned fees instead of paying validators or miners. This structure limited direct income from transaction demand. As a result, fee value reflected only anti-spam cost.

XRP Ledger Network Structure and Transaction Costs

The XRP Ledger processed high transaction volumes but maintained very low cost per transfer. The protocol required 10 drops per transaction as a base fee. At current prices near $1.11, the cost stayed near one-thousandth of a cent.

Analysts noted that a million transactions only burned around 10 XRP. This equaled under $20 in total network cost. The system kept fees stable even during higher usage periods.

Glassnode data showed a decline of about 89% in daily fees during 2025. December levels dropped to lows not seen since 2020. Network address activity also fell sharply over the same period.

Active addresses declined by roughly 80% in the first half of 2025. Market data showed reduced engagement across payment and data functions. The trend aligned with lower fee capture across the ledger.

Market Comparison Across Major Blockchains

Bitcoin users paid $183,000 in fees within a single day, according to market trackers. Ethereum recorded over $323,000 during the same session. Solana followed closely with $358,000 in daily fees.

Tron surpassed $1 million in chain fees over the same timeframe. These networks linked fees directly to transaction demand and execution priority. XRPL maintained a fixed-cost model independent of market pressure.

Over twelve months, XRPL fees remained lower than a single day on Tron. The gap highlighted differences in fee design across networks. XRP traded near $1.11 while the ledger continued processing steady but low-value transactions.

US lawmakers have introduced legislation to create a federal task force focused on cryptocurrency theft, fraud, and hacking investigations.

The proposal follows a year in which Americans reported more than $11 billion in crypto-related losses. If approved, the measure would establish a coordinated reporting and enforcement framework across multiple federal agencies.

Crypto fraud losses drive call for coordinated enforcement

Bipartisan lawmakers introduced the Federal Cryptocurrency Theft Enforcement and Coordination Act in Congress. The proposal would create a task force led by the attorney general. Officials from the Department of Justice, FBI, Department of Homeland Security, and Treasury would participate.

The bill arrives after a sharp rise in crypto-related complaints across the United States. According to the FBI’s 2025 Internet Crime Report, Americans filed 181,565 cryptocurrency complaints. Those reports resulted in more than $11.3 billion in recorded losses. Investment fraud generated the largest share of those losses. FBI data showed investment scams accounted for approximately $7.2 billion. Complaint volume also increased 21% compared with the previous year.

Older Americans reported the highest losses among all age groups. People over 60 filed 44,555 complaints during 2025. The FBI said those victims lost roughly $4.43 billion through crypto-related schemes. Meanwhile, blockchain analytics firm TRM Labs reported rising criminal activity involving digital assets. According to the firm, wallets linked to illicit activity received $158 billion in cryptocurrency during 2025. The figure stood at $64.5 billion in 2024.

Bill seeks single reporting channel for victims

Representative Lance Gooden and Representative Josh Gottheimer introduced the legislation. The lawmakers said victims currently lack a central place to report crypto-related crimes. The proposal aims to establish a more coordinated response structure. 

Gooden said Americans need a unified strategy against cryptocurrency criminals. He argued that fragmented enforcement leaves victims without clear support options.  The bill seeks to improve communication between agencies handling crypto investigations.

Under the proposal, the task force would coordinate investigations across participating agencies. It would also develop standardized guidance for local law enforcement departments. Officials would create procedures for handling cryptocurrency theft and fraud cases. The legislation also focuses on victim assistance. Lawmakers said the framework would provide a clearer reporting process. Support services would operate through a centralized federal structure.

Proposal follows changes in federal crypto enforcement

The bill arrives after the Department of Justice disbanded the National Cryptocurrency Enforcement Team in 2025. Officials said the previous unit relied heavily on enforcement actions against industry participants. The current proposal instead focuses on criminal investigations and victim support. Federal agencies already operate several programs targeting digital asset crime. 

The FBI’s Operation Level Up identifies scam victims before losses escalate. According to the bureau, the initiative saved more than $225.8 million during 2025. Other agencies also continue crypto enforcement efforts. The Treasury Department’s Scam Center Strike Force has targeted overseas fraud networks. Authorities said the program seized more than $700 million linked to scam operations.

Industry groups have expressed support for the proposal. The Digital Chamber said law enforcement agencies need stronger tools and training. Satoshi Action Fund CEO Dennis Porter said the legislation would provide a coordinated federal response for victims and investigators. The measure must still advance through congressional committees before becoming law. Lawmakers could also attach the proposal to a broader legislative package during the current session.

Archax has introduced real-time yield payments on Hedera, enabling interest generated by tokenized securities to be distributed continuously in USDC.

The system allows interest payments to update automatically as tokenized securities move between wallets. According to Archax, cash flows are transferred alongside the underlying asset, allowing yield to follow ownership in real time.

Most tokenized securities continue to distribute interest through periodic payments, similar to traditional financial products. Archax said its system allows cash flows to accrue and settle continuously, supporting applications such as real-time coupon payments and revenue-sharing arrangements.

The launch builds on Archax’s earlier work on tokenized investment products. In September, the company introduced Pool Tokens on Hedera, allowing multiple tokenized assets to be bundled into a single onchain instrument, including a product backed by money market funds from several major asset managers.

Graham Rodford, CEO and co-founder of Archax, said tokenization was “the first step,” while real-time cash flows could allow tokenized assets to support yield streams and reduce market inefficiencies.

Archax is a UK-regulated digital asset exchange and custodian, while Hedera is a public distributed ledger network used by financial institutions developing tokenized asset products. According to Hedera, Archax’s platform hosts more than $300 million in tokenized assets from six asset managers.

Related: Franklin Templeton, BNP Paribas see tokenization boosting EU’s capital efficiency

Yield-bearing tokenized assets gain traction

Financial institutions are increasingly bringing yield-bearing assets onto blockchain networks, with tokenized money market funds becoming a growing segment of the real-world asset market.

In April, OKX added BlackRock’s BUIDL tokenized Treasury fund to a collateral framework with Standard Chartered, allowing institutional clients to use the yield-bearing asset as trading margin while it remains in regulated custody.

Weeks later, JPMorgan filed to launch a tokenized money market fund on Ethereum designed for stablecoin issuers. The fund will invest in Treasury bills and overnight repurchase agreements, allowing issuers to earn yield on reserves backing their stablecoins.

The push comes as tokenized real-world assets continue to expand, bucking broader weakness in the crypto market. According to Binance Research, the value of active tokenized RWAs has increased 589% since early 2025, with tokenized bonds and money market funds adding roughly $6.5 billion in value over the period.

Growth in tokenized US Treasurys began climbing in early 2025. Source: RWA.xyz

Magazine: Does ‘Paper Bitcoin’ mean there’s an unlimited supply of BTC?

New artificial intelligence (AI) models have shifted the cybersecurity playing field in favor of attackers, causing a “vulnerability apocalypse” that led to the resurgence in decentralized finance (DeFi) hacks, according to Mitchell Amador, the CEO of bug bounty platform Immunefi.

The proliferation of new AI models, such as Claude Opus 4.8 and ChatGPT 5.5, is the main reason that led to the resurgence in crypto hacks in 2026, Amador told Cointelegraph at the recent WAIB Summit in Monaco.

Hacking activity across the industry surged in April 2026, with illicit actors stealing more than $634 million from cryptocurrency platforms, the highest monthly total since the Bybit hack helped drive losses to roughly $1.4 billion in February 2025, according to DefiLlama data.

Total crypto hacks by monthly sum, all-time chart. Source: DefiLlama

Crypto needs to survive the next three to four years

The next three to four years will be a crucial survival period for the crypto industry, until cybersecurity teams harness the defensive capabilities of these same AI models to build “impregnable” codebases that attackers won’t be able to breach, said Amador.

This timeline could shrink to less than two years if the industry adopted more “crowdsourced security solutions” until cybersecurity researchers turn these AI models to their advantage, he added.

Amador’s comments followed the release of Anthropic’s latest Claude Mythos model, Fable 5, which sparked industry concerns over its potential ability to accelerate cryptocurrency exploits.

Anthropic said on Tuesday that Fable 5 has safeguards that reroute topics such as cybersecurity to a different model, Claude Opus 4.8.

Related: Recovery hopes fade as Kelp DAO hacker launders nearly all $220M in stolen funds

The industry has become increasingly sensitive to security risks after a string of major DeFi exploits renewed concerns about protocol vulnerabilities.

On April 19, an attacker drained about 116,500 restaked Ether (rsETH), worth roughly $290 million to $293 million at the time, from Kelp DAO’s LayerZero-powered rsETH bridge.

LayerZero said Kelp DAO’s 1/1 decentralized verifier network (DVN) setup created a single point of failure by relying on a single verifier path for cross-chain messages. LayerZero said it had previously advised against that configuration.

Magazine: The legal battle over who can claim DeFi’s stolen millions 

The US government has transferred nearly $984,000 in cryptocurrency linked to Alameda Research and FTX.

• The US transferred nearly $984K in seized FTX and Alameda-linked crypto.
• About $768K of the funds moved to Coinbase Prime, according to Arkham data.
• Arkham data shows US government crypto holdings total about $20.93B.

Blockchain data shows that most of the funds moved to Coinbase Prime as authorities continue managing seized assets. The transfers form part of ongoing efforts tied to the recovery and distribution process following the FTX collapse.

Coinbase Prime receives portion of seized FTX funds

Arkham Intelligence data showed movement from wallets connected to seized Alameda and FTX assets. The transfers totaled approximately $984,000 in cryptocurrency. Of that amount, about $768,000 moved to Coinbase Prime.

The transactions occurred as authorities continue overseeing digital assets recovered from the bankrupt exchange. The funds remain linked to broader bankruptcy and recovery proceedings. Current records point to the FTX Estate as the eventual destination of recovered assets.

Government agencies have gradually managed seized cryptocurrency through transfers and liquidation activity. These actions support efforts to return value to affected creditors. The latest movement represents a small portion of assets held under government control.

FTX recovery process continues through asset management

Authorities seized multiple cryptocurrency holdings connected to Alameda Research and FTX after the exchange collapsed. Since then, officials have managed those assets through established recovery procedures. The process includes custody, transfers, and liquidation when required.

The FTX Estate continues working to recover and distribute value to creditors. Recovered assets form a key part of that effort. Government-managed transfers help move seized holdings through the recovery framework.

Blockchain monitoring platforms continue tracking wallet activity connected to seized assets. Arkham Intelligence reported the latest transactions through publicly visible blockchain records. The transfers added another step in the long-running FTX recovery process.

Bitcoin remains the largest asset in government crypto holdings

According to Arkham data, the US government currently controls a cryptocurrency portfolio worth about $20.93 billion. Bitcoin accounts for the majority of those holdings. Government wallets hold approximately 328,354 BTC valued at around $20.57 billion.

The portfolio also includes roughly 62,437 ETH worth more than $103 million. Other holdings include USDT, WBNB, BNB, WBTC, and additional digital assets. These assets originate from separate enforcement actions and seizures.

Although the recent $984,000 transfer represents a small fraction of total holdings, it remains part of active asset management. Government agencies continue processing seized cryptocurrency tied to major enforcement cases. The latest movement highlights ongoing efforts connected to the FTX and Alameda recovery proceedings.