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Bitcoin Og Goes Long On Ethereum With $334M Across Five Wallets
Crypto Trends

Bitcoin OG Goes Long on Ethereum With $334M Across Five Wallets

by admin August 21, 2025



A major Bitcoin whale has shifted focus toward Ethereum, sparking new debate in the crypto market. According to Blockchain analytics platform Lookonchain, this longtime holder created a new wallet and deposited $20 million in USDC to take a leveraged Ethereum position. 

The OG Bitcoin whale now controls long positions totaling 78,265 ETH, worth around $334 million, spread across five wallets.

This Bitcoin OG just created a new wallet and deposited 20M $USDC to go long on $ETH with 6x leverage.

He now holds $ETH long positions totaling 78,265 $ETH($334M) across 5 wallets.https://t.co/gle55iYVTchttps://t.co/0cy5OG65Js pic.twitter.com/TObynZWORL

— Lookonchain (@lookonchain) August 21, 2025

Previously, the whale sold 670.1 BTC, valued at $76 million, and used the proceeds to open 68,130 ETH longs. Lookonchain revealed that this address belongs to a Bitcoin OG who received 14,837 BTC seven years ago from HTX and Binance. Those coins, worth $107.5 million at the time, now stand at nearly $1.7 billion.

Rotating From Bitcoin to Ethereum

Samson Mow, CEO of Jan3, provided a sharp take on the whale’s move. Mow warned, “Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new narratives (Ethereum Treasury co’s). Once they’ve gotten it high enough, they’ll dump their ETH, creating new generational bagholders, and then rotate the gains back into BTC. No one wants ETH in the long run. Plan accordingly.”

Hence, the whale’s strategy echoes long-standing cycles of capital rotation between Bitcoin and Ethereum. However, the scale of the current move signals renewed confidence in ETH during a period of institutional attention.

Institutions Show Interest in Ethereum

Aside from whale speculations, the institutional bodies are also entering the Ethereum market. BitMine Immersion Technologies increased its treasury with the addition of 52,475 Ether. The purchase indicates a growing trend for companies to diversify their crypto holdings into cryptocurrencies other than Bitcoin.

Further, according to the CryptoQuant data, the ratio of whale activity to Bitcoin exchange volume is 0.47, confirming that big holders represent only a small part of the exchange volume. This means that with Bitcoin still trading above $112,000, there are other factors supporting the market besides whale activity.

Whale investments in ETH might allow for short-term maneuvers, but at the same time, they are subject to the possibility of market manipulation.

Also Read: Ethereum Treasuries Cross 4.1 Million ETH Across 69 Firms





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August 21, 2025 0 comments
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Ledger Introduces Physical ‘Recovery Key’ NFC Backup for Wallets

by admin June 24, 2025



In brief

  • Hardware wallet manufacturer Ledger has launched a physical “Recovery Key” for its Stax and Flex devices.
  • The NFC-equipped device stores a recovery key in a secure element.
  • Users can tap the key against their hardware wallet and enter a PIN to recover their wallet.

Ledger has introduced a new type of backup that it calls a “spare key” for your crypto wallet.

The Ledger Recovery Key works with the Ledger Flex and Ledger Stax wallets as a way to recover access to your assets.

The Recovery Key incorporates NFC connectivity alongside a Secure Element that stores a PIN-protected backup key.

Once paired with a Ledger Flex or Ledger Stax hardware wallet, users can recover their crypto wallets by tapping the card against the device and entering a PIN.

The device launches alongside “reviewable code and a whitepaper, as part of our commitment to transparency,” said Charles Guillemet, Chief Technology Officer at Ledger, in a statement shared with Decrypt. The Recovery Key has “gone through extensive security testing” with Ledger’s white hat hacking team, the Donjon, alongside “comprehensive internal testing and external security audits.”

The firm bills it as a safe way to recover your assets that’s simpler than the traditional 24-word seed phrase.

It doesn’t eliminate the seed phrase entirely, though, acting as a layer on top of it for more convenient access.

This isn’t Ledger’s first attempt at simplifying the wallet recovery process. In 2023, it launched the Ledger Recover subscription service, which sparked a fierce backlash from its userbase over concerns that it constituted a security risk.

The new Recovery key is “designed for optionality,” a Ledger spokesperson told Decrypt. “Ledger is not taking away the 24 words, as it’s important to have a master key, but it will watch user usage and feedback over time,” they added. “Ledger now has the broadest suite of recovery options available, designed to meet the needs of as many users as possible without compromising on security.”

The card-based recovery technique is similar to that of the Cypherrock X1 hardware wallet, which Decrypt recently reviewed. However, Ledger was keen to differentiate its offering from the competition. “Cypherock’s X1 cards are not firmware upgradeable, which means if a vulnerability is ever found, it is completely impossible to fix that vulnerability,” the Ledger spokesperson told Decrypt, adding that its own hardware is “always upgradeable to prevent new sophisticated attacks.”

The spokesperson added that Ledger’s devices are the only hardware wallets to feature a secure screen. “The secure element that performs cryptographic operations also powers the screen, so you can be sure what you see is what you sign,” they explained. “Transactions on Ledger can only be signed on the device with the secure screen, and Ledger Recovery Key is only used for secure backup and recovery of your seed phrase.”

The Ledger Recovery Key will be available “in the near future.”

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June 24, 2025 0 comments
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Iran Conflict Dumps Crypto, North Korean Hackers Target Crypto Wallets, EU MiCA Rules Make Investors Double Down on Best Wallet, and More…

by admin June 23, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Stay Ahead with Our Immediate Analysis of Today’s Crypto Presales

Check out our Live Update Coverage on the Best Crypto Presales for June 23, 2025!

With so many institutions and countries adopting crypto, the presale market is also heating up. The biggest difference is that it offers more diversified, unique early investment chances with potentially much bigger payoffs than regular stablecoins or BTC.

We provide real-time news on new presale projects, whale buys, funding and development milestones, as well as vital alerts. Everything you need to navigate potential opportunities and risks.

This page is updated frequently throughout the day, as we get the latest insider scoops on the hottest presales, so keep refreshing!

Disclaimer: Crypto investments are high-risk and you could lose your entire capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you.

Get Solaxy to Weather the Storm After Trump’s Airstrikes on Iran

June 23, 2025 • 07:28 UTC

The crypto market quaked after Trump’s attack on several Iranian nuclear sites. This sent crypto into a dump dive, with over $595M bullish bets liquidated within 24 hours. Ethereum, XRP, and even Bitcoin slid down.

However, despite the market chaos, traders are looking toward altcoins and crypto presales that might soar this year.

One such project has proven their worth time and time again: Solaxy ($SOLX.

As the first-ever Solana Layer-2, $SOLX aims to enhance the blockchain with better speed and zero failed transactions. By combining Ethereum’s liquidity with Solana’s speed, Solaxy is sure to soar. The presale has raised over $56M, and 1 $SOLX is now $0.001766.

The project might be the best play for investors looking to weather the current storm and make smart investments. Read more.

Read more about Solaxy on the official site.

Best Wallet Token to Soar After Coinbase Secures EU-Wide MiCA License

June 23, 2025 • 07:28 UTC

The crypto industry is at a crossroads as Coinbase’s MiCA license is waiting for approval in Europe. That would make it one of the first crypto companies aligning itself fully with the new regulatory framework.

Coinbase would be able to operate seamlessly across all 27 EU states under one license (an incredible leap forward for crypto accessibility in Europe).

With more regulatory obstacles left in the dust, investors are becoming increasingly bullish. This makes presale tokens with real utility shine through the crowd.

One such coin is Best Wallet Token ($BEST). As the native token of a top non-custodial wallet (Best Wallet), $BEST supercharges the privacy-focused ecosystem. Investors get lower fees, better staking rewards, and early access to presales.

Best Wallet and its token are perfectly positioned to benefit from Europe’s crypto expansion as more investors are coming in. Read more.

Read more about Best Wallet Token on the official site.

North Korean Hackers Keep Targeting the Crypto Industry

June 23, 2025 • 07:28 UTC

The North Korean hacker group known as Famous Chollima is targeting crypto job applicants on a wide scale. They’re using a job application process to deceive those active in the crypto industry with a Python-based malware dubbed PylangGhost.

Victims, mostly India-based at the time of writing, are deceived into downloading the malware on their devices under the guise of “video drivers” being required for the process. The malware is delivered via a zip file with an innocuous name, such as nvidia.py. Once installed, the script harvests sensitive data such as browser sessions, wallet data (MetaMask, Phantom), and login credentials.

Windows and Mac systems are affected, but Linux systems appear to be safe. As attacks on crypto owners increase, crypto presales and wallets, such as Best Wallet, are stepping up their security and verification process, introducing MFA methods that make it difficult to extract funds from victims even if their credentials are leaked.

Read more about Best Wallet on the official site.

$BTC Season Confirmed, $112K Next as Smart Money Seek Double Exposure with $BTCBULL

June 23, 2025 • 07:28 UTC

$BTC breaks past $105K as a massive green candle forms on the three-hour chart. Community sentiment is 82% bullish, while the ASI hits 22 – clear Bitcoin Season.

Now, watch for immediate resistance at $112K where $BTC will retest its record high, with an extended target at $120K if momentum holds.

As meme coin 24-hour trading volume is down 24%, smart money seeks greater $BTC exposure. This is precisely why BTC Bull Token ($BTCBULL) presale raised $7.6M so fast – it gives direct $BTC exposure through airdrops scheduled for $BTC’s $150K and $200K milestones.

The presale won’t last forever, but $BTC’s bull run is just getting started.

Read more about BTC Bull Token on the official site.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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June 23, 2025 0 comments
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Expired Discord link
Gaming Gear

Malicious Discord invites are targeting gamers with fake servers, stolen wallets, and malware disguised as game hacks

by admin June 21, 2025



  • Cybercriminals are recycling expired Discord links to launch silent, devastating multi-stage malware attacks
  • A fake Discord bot tricks users into running PowerShell commands disguised as CAPTCHA fixes
  • Old community invite links now lead to malware servers stealing your data and digital assets

Cybercriminals are increasingly exploiting a lesser-known flaw in Discord’s invitation system to target unsuspecting users, particularly gamers, new research has claimed.

A report from researchers from Check Point found attackers manage to register previously valid invite links with custom vanity URLs.

The tactic involves hijacking once legitimate and trusted expired or deleted Discord invite links and redirecting them to malicious servers hosting multi-stage malware campaigns.


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From trusted links to dangerous redirects

These hijacked links, often embedded in old forum posts, community pages, or social media, are being used to silently funnel users to Discord servers operated by threat actors.

Once on these fake servers, users are greeted with what appears to be a standard verification process.

A bot named “Safeguard” prompts visitors to click a “Verify” button, which initiates an OAuth2 process and redirects them to a phishing site.

The site employs a social engineering method called “ClickFix,” where users are tricked into copying and running a PowerShell command under the guise of fixing a broken CAPTCHA.

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This action silently launches the malware installation chain, with the attackers using cloud services such as Pastebin, GitHub, and Bitbucket to deliver the payloads in multiple stages, allowing them to blend into normal network traffic.

Initial scripts download executables that retrieve further encrypted payloads, which include AsyncRAT, a tool that gives attackers remote control over infected systems, and a tailored variant of the Skuld Stealer designed to extract credentials and cryptocurrency wallet data.

Gamers have become a prime target, with campaigns even disguising malware as tools like The Sims 4 DLC unlockers – one archive named Sims4-Unlocker.zip was downloaded over 350 times, highlighting the campaign’s reach.

Through clever evasion techniques such as delayed execution and command-line argument checks, the malware often bypasses detection from even the best antivirus software.

The threats extend beyond typical malware infections. The Skuld Stealer used in these attacks can extract crypto wallet seed phrases and passwords, effectively granting full control over victims’ digital assets.

Considering the focus on cryptocurrency theft and credential harvesting, individuals should reinforce their defenses with robust identity theft protection services.

These tools can monitor for unauthorized use of personal information, alert users to breaches, and assist in recovering compromised digital identities.

While some might assume that endpoint protection tools would shield them from these tactics, the multi-layered, modular structure of the attack often flies under the radar.

To stay safe, users must be wary of Discord invite links, especially those embedded in old content. Also, avoid running unexpected scripts or following suspicious verification steps.

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June 21, 2025 0 comments
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Ethereum (ETH) Whale Inflows Hit 2025 High as Wallets Add 871K ETH in a Single Day

by admin June 17, 2025



Ether (ETH)

traded at $2,555.77 on Tuesday, down 3.7% over the past 24 hours after a sharp rejection near the $2,673 level triggered a wave of selling. The downturn follows several sessions of declining momentum and increasing volatility, culminating in a major sell-off late Monday that broke through initial support and left prices trending downward for most of the day.

Despite this weakness in price action, on-chain data suggests that larger market participants continue to treat the pullback as an opportunity to accumulate. According to Glassnode, daily net whale accumulation has exceeded 800,000 ETH for nearly a week, with total holdings in 1,000 to 10,000 ETH wallets rising above 14.3 million. The largest single-day inflow occurred on June 12, when whale wallets added more than 871,000 ETH — the biggest net inflow of 2025 so far.

This accumulation trend mirrors behavior last seen in 2017, underscoring the scale and intensity of recent large-holder buying. The whale buying spree has coincided with Ethereum’s retreat from $2,700 levels and may reflect strategic positioning ahead of further developments in institutional flows or ETF-related catalysts.

While technicals remain under pressure in the short term, the magnitude of this buying activity signals growing conviction among large entities. With prices hovering just above key support, traders and analysts are watching closely to see whether this whale-driven accumulation translates into a near-term reversal or simply cushions further downside.

Technical Analysis Highlights

  • ETH fell 5.7% from $2,679.99 to $2,527.37 during the June 16 trading session, with volume exceeding 560,000 ETH.
  • A sharp drop occurred during the 22:00 hour, confirming resistance at $2,650 and accelerating downside momentum.
  • The subsequent recovery stalled near $2,540, forming a narrow consolidation pattern with reduced volatility.
  • During the final hour of the analysis window, ETH climbed from $2,550.57 to a peak of $2,564.28 before stabilizing near $2,553.40.
  • A spike in volume at 13:30 saw over 12,200 ETH traded, driving a brief 1.6% rally to $2,561.59.
  • A pullback followed, finding support at $2,549.56 during the 13:44 candle; price action formed an ascending channel with buyers stepping in.
  • The $2,553–$2,555 zone emerged as a key intraperiod consolidation level during the recovery phase.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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June 17, 2025 0 comments
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9,000 New XRP Wallets Added in 48 Hours
GameFi Guides

9,000 New XRP Wallets Added in 48 Hours

by admin June 14, 2025


The data by CryptoQuant shows that there were more than 9,000 new XRP addresses on June 11 and June 12. It is the best two-day increase on the network in more than a week.

June 11 alone saw around 4,500 new addresses created. The following day, another 4,200 were added. These numbers indicate expanding participation across the XRP ecosystem.

CryptoQuant’s data makes the trend clear. Wallet creation began rising sharply on June 9. Before that, there were fewer than 3,500 new addresses each day. The latest leap indicates that there is increasing momentum in the background.

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The increasing number of new addresses can be interpreted as a potential indicator of future liquidity or volatility by traders. For long-term investors, the increasing number of wallets indicates that there is still more room for adoption. It also demonstrates the increasing popularity of XRP.

That makes this data valuable for those trying to get ahead of the market rather than follow it.

XRP network grows further

XRP’s underlying use case for fast settlement and cross-border transactions remains its key strength, and rising wallet creation is proof. More users could also be trying out the use of XRP for multiple purposes or could be incorporating it into their applications.

The difference is visible in comparison to the beginning of June. On June 6, new addresses were approximately 3,200. By June 8, it was only slightly higher. Then, activity spiked beginning June 9 and accelerated into June 11 and 12.

The price trend during this spike was flat to slightly down. That divergence is worth paying attention to. It may indicate a buildup of users ahead of a price move.

Source: CoinMarketCap

The network of XRP is expanding, and it does so even despite the lack of rise in price. At the time of writing, XRP trades at $2.13, a decrease of 2.52% over the past day, as revealed by CoinMarketCap data.

Although the price decreased minimally, XRP trading volume has increased by 66.30% to $4.53 billion, showing the increased interest in trading among traders. 

Its 24-hour trading volume as a percentage of market cap is 3.6%, which indicates that there is active liquidity for anyone that wants to enter or exit a position.



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June 14, 2025 0 comments
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Apple Wallet's iOS 26 update scans your emails for package delivery tracking
Product Reviews

Apple Wallet’s iOS 26 update scans your emails for package delivery tracking

by admin June 11, 2025


One of the upcoming changes to Apple Wallet is bound to become one of its most useful features if you frequently shop online and get deliveries. When you get iOS 26 on your iPhone, your Wallet app will start using Apple Intelligence’s capabilities to automatically scan your emails and identify order tracking details sent by merchants or couriers. The app will then summarize and display those deliveries as cards. As MacRumors has noted, Wallet can already do that for purchases made using Apple Pay. With the update, you’ll be able to keep track of all your deliveries from one place and get progress notifications.

At the moment, access to the feature is still limited to developers who’ve installed the beta version of iOS 26. The feature itself is still in beta, and you will have to enable it by going to the Wallet and Apple Pay section in Settings, heading into Apple Pay Defaults and switching on Orders Found in Mail under Order Tracking.

Apple announced its upcoming mobile platform at WWDC 2025, revealing an interface that has gone through a massive redesign. It features a “Liquid Glass” UI that’s defined by icons, toolbars and tab bars with a see-through appearance. In addition to being able to track orders, the iOS 26 version of Wallet will allow you to create a Digital ID with a US passport and will also come with more detailed boarding passes. iOS 26 isn’t coming out until this fall, but Apple plans to start rolling out public betas in July.

If you buy something through a link in this article, we may earn commission.



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June 11, 2025 0 comments
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Shiba Inu Price Ready To Bounce Back As Shib Wallets Hit 1.5M
GameFi Guides

Shiba Inu Price Ready to Bounce Back as SHIB Wallets Hit 1.5M

by admin June 9, 2025



The Shiba Inu price has been constantly recording a weak action over the past few days. Despite the bearish sentiment around SHIB, the optimism among the Shiba Inu’s investors is on a constant rise. This highlights increasing trust among the investors and adoption in the real-world application of its ecosystem.

Lucie, the marketing lead of Shiba Inu, with a substantial followers of 168.2k has recently expressed optimism toward SHIB memecoin with the support of statistical data. Through the post, light was shed on Shiba Inu hitting a new ATH in terms of wallets holding SHIB tokens.

🚨 SHIB HOLDERS HIT NEW ATH! 🚨
1,511,101 wallets now hold $SHIB — that’s 0.011% of global population.

The army is growing. The mission is alive. 🔥 pic.twitter.com/DNI9LhgpCt

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 9, 2025

As per reports, 1,511,101 wallets now hold SHIB meme coins which sums up to a total of 0.011% of the world population. Following this, optimism was expressed as the post concluded with a quote that “the army is growing, the mission is alive.” Notably, at the time of writing the value of one Shiba Inu token was $0.00001268.

Will the growing holders impact the price in a huge way this quarter?

The Simple Moving Average (SMA) hovers extremely close to the Shiba Inu price chart. Considering the market sentiments, the trend displays a high possibility of a positive crossover. This suggests a bullish outlook for the meme coin this week.

Shiba Inu Price Chart, Source: TradingView (SHIB/USDT)

The Relative Strength Index (RSI) has successfully experienced a bullish reversal above the oversold range and is heading toward the neutral trend line. Moreover, it is currently valued at 42.17 (Neutral) with a positive convergence with its average trendline. This hints at increasing bullish action for it in the market.

How High Can SHIB Memecoin Realistically Go?

The Shiba Inu price could retest its immediate resistance levels of $0.00001340 and $0.00001975. A sustained bullish price rally could result in this memecoin heading toward its February high of $0.00002250. Taking into consideration the market sentiments, a sudden spike in the adoption process may push the value of it beyond its $0.00002575 mark.

On the contrary, the crucial support for the SHIB price still stands at $0.00001065, making it a pivotal price point for the 2nd largest memecoin in the market.

Also Read: 93 Out of Top 100 Wallets on Pump.fun are Bots: Crypto Sleuth





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June 9, 2025 0 comments
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Circle Freezes $58 Million Worth of USDC in Solana Wallets Tied to Libra Scandal

by admin May 29, 2025



In brief

  • USDC token accounts tied to the Libra team were frozen by stablecoin issuer, Circle.
  • The accounts held nearly $58 million worth of USDC, which is now immovable.
  • The Libra token launch ignited a political scandal which rocked Argentina and the cryptocurrency market in February.

The Libra meme coin scandal, which rocked the cryptocurrency market and global politics earlier this year because of its association with Argentine President Javier Milei, has taken another turn.

USDC accounts belonging to two wallets tied to the Libra meme coin team and token deployer were frozen on Tuesday, locking up nearly $58 million worth of stablecoins on Solana that can no longer be sold or transferred. 

The accounts, tagged as frozen on Solana block explorer Solscan, maintain $44.59 million and $13.06 million in USDC, a stablecoin issued by Circle that is pegged to the value of the U.S. dollar. 

ALERT: $57M OF USDC ASSOCIATED WITH LIBRA FROZEN BY CIRCLE

Two Libra accounts have just been frozen by Circle, including the Libra deployer wallet.

These accounts contained a combined $57M in USDC which is now immobile. pic.twitter.com/HpmaM5HwVJ

— Arkham (@arkham) May 28, 2025

Because the USDC stablecoin’s minting and issuance is controlled by Circle, the firm is able to freeze or “blacklist” tokens in accordance with its blacklisting policy. Major stablecoin issuers like Circle and Tether have been known to blacklist addresses when connected to major exploits, like the $1.4 billion hack of Bybit back in February.

Circle did not immediately respond to Decrypt’s request for comment. At the moment, it’s unclear who, exactly, requested the freeze, with multiple parties taking to X to claim credit.



Crypto-focused law firm Burwick Law said that the freeze is due to a temporary restraining order issued at its request. Meanwhile, Martin Romeo, a plaintiff in the Argentinian case around the Libra token, famously promoted by President Javier Milei, said the freeze resulted from a request from Argentina’s justice department. 

“Yesterday, a federal court in SDNY entered a temporary restraining order at our request, Burwick Law, supported by Tim Treanor, freezing approximately 57.65 million USDC held at Circle, which you can now see confirmed on Solscan,” Max Burwick said in a statement shared with Decrypt. “We’ll return to court on June 9, 2025 for a preliminary injunction hearing to keep those assets frozen through the rest of this litigation.”

Burwick previously filed a class-action suit against Kelsier Ventures and Meteora, including some named executives from the parties, for their respective roles in the Libra token scandal.

The Solana-based Libra token, which President Milei promoted at launch on X in February, quickly shot up to a multi-billion-dollar market cap before plummeting nearly 90% shortly thereafter, leading to accusations of a pump-and-dump scheme as wallets connected to the token cashed out profits.

Later, President Milei was charged with fraud, and the government set up a task force to investigate the matter. That task force was scrapped last week.  

On Tuesday, Circle filed for its initial public offering (IPO) on the New York Stock Exchange, targeting a $6.7 billion valuation.

Edited by Andrew Hayward

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May 29, 2025 0 comments
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Crypto wallets are the banks of emerging markets, Bitget report shows
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Crypto wallets are the banks of emerging markets, Bitget report shows

by admin May 29, 2025



A new report by the Bitget Wallet shows that users in emerging markets use crypto wallets for everyday payments much more than those in the developed world.

Emerging markets are leading crypto adoption in everyday transactions, a new report by Bitget shows. On Wednesday, May 28, Bitget Wallet shared a report detailing how users across the world engage with their wallet. Notably, the report shows a rise in day-to-day use cases for crypto, especially in emerging markets.

Bitget’s report is based on responses from 4,599 wallet users. The survey respondents were segregated into three age groups: Gen Z, millennials, Gen X and older, and into different global regions. Respondents were then asked how they use their Bitget Wallets.

Emerging markets lead in everyday crypto use

In Europe, most users were primarily engaged in trading crypto with their wallets, with over 40% of respondents citing this use case. The trend was very different in emerging markets. Users from Southeast Asia, South Asia, and Africa were the most likely to use crypto wallets for a variety of use cases, primarily sending crypto to other users.

Responses to Bitget’s survey by region and use case | Source: Bitget

Users in emerging markets typically struggle with access to reliable banking institutions and payment providers. For this reason, these regions tend to lead with crypto adoption. At the same time, users from these markets are attracted to earning airdrop rewards due to relatively lower income levels.

According to Biget CEO Gracy Chen, this shows a fundamental shift in how users engage with crypto wallets. For this reason, Bitget plans to adapt to this shift by making the wallet more accessible for users who are not crypto natives.

“This report captures a powerful shift: wallets are no longer an extension of the crypto ecosystem — they are emerging to new-age finance ecosystems. At Bitget, we’ve seen firsthand how user behavior is evolving. People aren’t simply trading anymore—they’re earning, exploring, and interacting directly with Web3, often starting with a wallet,” Gracy Chen, CEO of Bitget.

Interestingly, in North America and East Asia, users were split between trading and sending crypto. However, the level of engagement in East Asia was much higher, with 48% and 47% sending crypto and trading, respectively. At the same time, this was the region where the long-term holding rate was the highest, at 43%.



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May 29, 2025 0 comments
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