[News Brief] May 25, morning | $1.257 Billion Net Outflow From U.S. Spot Bitcoin ETFs Last Week

$1.257 Billion Net Outflow From U.S. Spot Bitcoin ETFs Last Week

Source: PANews. According to SoSoValue, U.S. spot Bitcoin ETFs posted net outflows of $1.257 billion last week (May 18–22, Eastern Time).

By product, BlackRock’s IBIT recorded the largest net outflow at $1.008 billion, followed by Fidelity’s FBTC with net outflows of $112 million.

During the same period, Morgan Stanley’s ETF MSBT recorded net inflows of $1.117 million. As of press time, total net assets of spot Bitcoin ETFs stood at $98.87 billion, with ETF net assets accounting for 6.49% of Bitcoin’s total market capitalization.

Advisor to Iran’s Supreme Leader Says There Will Be a Tough and Unprecedented Response in the Strait of Hormuz

According to Odaily, Mohsen Rezaei, a military advisor to Iran’s Supreme Leader, said there would be a “tough and unprecedented” response to the entry of hostile forces into the Strait of Hormuz and the Persian Gulf.

Rezaei said Iran could begin retaliatory measures by breaking any maritime blockade, adding that if the current situation continues, one of Iran’s strategic options could be withdrawing from the Nuclear Non-Proliferation Treaty.

Representatives of Iran’s Supreme Leader argued that managing the Strait of Hormuz is a legitimate right tied to national security. The Strait of Hormuz is a key transit route for Middle Eastern oil shipments, and rising tensions there could affect international oil prices and risk sentiment.

U.S. Official Says Iran’s Supreme Leader Approved the Overall Framework of a Deal

Odaily, citing Axios, reported that a U.S. official said Iran’s Supreme Leader had approved the overall framework of an agreement.

The official said important wording and phrasing still remain unresolved for both the U.S. and Iran, making it unlikely that an agreement will be signed on Sunday.

With some issues and Iran’s internal approval procedures still outstanding, finalization is expected to take several more days.

Brent Crude Falls Below $96 Per Barrel

Brent crude fell below $96 per barrel, dropping more than 4.6% intraday.

According to Odaily, citing Gate data, Brent crude dipped under the $96 mark. Falling oil prices can reflect both expectations of easing inflationary pressure and concerns over economic slowdown, making them an important variable for risk asset markets.

Binance Sees Net Bitcoin Inflows for 10 Straight Days

CryptoQuant analyst Darkfost said Binance has recorded net Bitcoin inflows for 10 consecutive days.

Binance’s weekly average Bitcoin net inflow rose from 378 BTC on May 16 to 1,190 BTC recently. On May 18 alone, net inflows exceeded 3,600 BTC.

Binance’s Bitcoin reserves increased from 616,000 BTC on April 24 to 632,000 BTC currently, up 16,000 BTC over the past month.

The analyst said continued Bitcoin inflows to exchanges may indicate potential selling for profit-taking or risk reduction.

StablR’s EURR and USDR Depeg After Multisig Exploit

According to Wu Blockchain, EURR and USDR, issued by stablecoin issuer StablR and backed by Tether and Kraken, depegged following a multisig wallet exploit.

The Block reported that the attacker used a vulnerability in a 1-of-3 multisig wallet to mint $13.5 million worth of unbacked tokens. The incident has once again highlighted concerns around stablecoin reserve trust and control over issuance authority.

More Than $25 Million Bridged to Solana Over the Past 7 Days

More than $25 million in assets was bridged from other blockchains to Solana over the past seven days, according to Odaily.

Cross-chain asset flows are often used as an indicator of user demand and liquidity trends on a specific network.

Source: Odaily

Bitcoin Breaks Above $77,000

Bitcoin rose above $77,000 based on OKX market data.

According to PANews, Bitcoin (BTC) traded at $77,002.30 on the 25th, up 0.82% over the past 24 hours.

The broader crypto market has recently remained range-bound, with participants closely watching whether Bitcoin can reclaim key price levels.

1,404 BTC Transferred From Anonymous Wallet to FalconX

According to Whale Alert, 1,404 BTC was transferred from an anonymous wallet to FalconX.

The transfer was worth approximately $107.77 million. Large-scale coin transfers often draw market attention as they may signal changes in exchange or institutional liquidity.

Kalshi Supports Launch of Lobbying Group as U.S. House Opens Probe Into Kalshi and Polymarket

Prediction market platform Kalshi said it is supporting the launch of a new lobbying group called “Americans for Fair Markets.”

According to Odaily, the group argues that the sports betting and casino industries are spreading misleading information to policymakers to protect their dominant position against prediction markets, and it plans to push for a federal regulatory framework for prediction markets.

Kalshi appointed Taylor Budowich, a former White House deputy chief of staff in President Trump’s administration, as a strategic advisor.

The group plans to respond to regulatory discussions surrounding prediction markets through a paid advocacy campaign. Previously, the “Prediction Market Alliance,” backed by Coinbase, Crypto.com, and Robinhood, also engaged in related lobbying efforts.

Meanwhile, the U.S. House launched an investigation the same day into how Kalshi and rival Polymarket manage insider trading risks.

Kalshi maintains that prediction markets should be overseen by the U.S. Commodity Futures Trading Commission and subject to a federal regulatory framework that includes know-your-customer requirements, insider trading prohibitions, and restrictions on markets related to violence or terrorism.