Cryptocurrency
US Marshals Report Holding 28,988 BTC, Challenging Third-Party Crypto Estimates

According to a recent disclosure, the U.S. Marshals Service (USMS) has 28,988 BTC in its possession.
This is a notable drop from previous estimates, which suggested that the country held nearly 200,000 BTC.
Concerns Over Missing Government Reserves
The declaration followed a Freedom of Information Act (FOIA) request submitted on March 24 by independent journalist L0la L33tz. A letter dated July 15 from the Office of General Counsel confirmed that the released records originated from the Asset Forfeiture Division.
While most of the report was made public, some portions were redacted for legal and security reasons. These included information on specific storage procedures, wallet addresses, and security systems.
The documents revealed that the U.S. Marshals Service currently holds 28,988 BTC, valued at approximately $3.45 billion based on current market rates. Further, individual wallet balances range from $4,464.48 to $100.95 million and $43.70 million.
In criminal investigations involving digital assets, seized cryptocurrencies must undergo a formal court-ordered forfeiture process before they can become government property. The USMS is responsible for managing, safeguarding, and liquidating such assets on behalf of federal agencies.
The figure disclosed got attention because it accounts for only 15% of what many believed to be the total U.S. government Bitcoin reserves, previously estimated at nearly 200,000 BTC. This raised concerns that it may have quietly sold about 85% of its holdings.
Wyoming Senator Cynthia Lummis, who has long advocated for the creation of a national strategic BTC reserve, partly using forfeited cryptocurrency, expressed similar concern on X:
“I’m alarmed by reports that the U.S. has sold off over 80% of its Bitcoin reserves—leaving just ~29,000 coins.”
Did The Government Sell Off Its BTC?
L0la L33tz later clarified the situation by explaining the difference between seized and forfeited assets. She noted that confiscated cryptocurrencies are not considered government property until a court officially transfers their ownership to the state. Only then can the U.S. Marshals Service legally manage or sell them.
As such, the reported figure of 28,988 BTC refers only to surrendered assets. The remaining 170,000 BTC that many believed had been sold are still held as impounded property and have not yet been processed through the legal system.
Data from blockchain analytics firm Arkham Intelligence shows that the U.S. government controls approximately 198,000 BTC, currently valued at more than $23 billion. L33tz pointed out that tracking platforms often overstate holdings by including seized assets that have not yet been legally transferred.
She cited the 94,000 BTC linked to the Bitfinex hack as an example. Although these funds are under government control, they have not yet been legally processed and cannot yet be sold.
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Cryptocurrency
Retail Dumps Bitcoin (BTC) on Binance as Whales Quietly Load Up

Bitcoin is currently trading above $118,000, and while it hasn’t yet been able to reclaim last week’s all-time high, the asset is still almost 15% up over the past month.
Despite the ongoing bullish sentiment, retail investors are still offloading Bitcoin on Binance as evidenced by a surge in retail inflows that aligns with signs of profit-taking.
Retail Selling Into Strength
According to the latest figures shared by CryptoQuant, Binance’s 30-day retail inflow has spiked from $12 billion to over $16 billion. This was indicative of an increased selling activity as BTC’s price climbed toward recent highs.
A similar pattern emerged in April 2025, when Bitcoin rose from $78,000 to $111,000 by the end of May. During this time, retail traders also offloaded significant portions of their holdings amidst the uptrend and ultimately missed out on the full upside.
This recurring behavior points to a tendency among retail investors to sell into strength. Such behaviour is likely driven by fear or short-term profit motives, rather than holding for potential further gains.
Further confirming this sell-off pattern, Binance’s Net Taker Volume has turned negative, which reflects a bearish sentiment among market takers. Negative net taker volume indicates that sellers are dominating, either by liquidating long positions or entering new short positions in anticipation of a potential pullback. This sentiment among retail traders suggests that many remain unconvinced of the rally’s sustainability.
On the other hand, whales are aggressively accumulating during this period of retail selling. Data from Whales Screener reveals that in the past 24 hours alone, whales have withdrawn over $400 million in Ethereum and nearly $200 million in Bitcoin from centralized exchanges.
Such large withdrawals typically indicate a firm belief in a continued market uptrend, as whales use the liquidity from retail sellers to build positions. This behavior is consistent with past trends where retail exits during rallies while whales continue accumulating.
Bitcoin’s Path to $140K
Amid this divergence between retail selling and whale accumulation, attention is now turning to what analysts expect for Bitcoin’s next major move. Analyst Mr. Wall Street, for one, expects Bitcoin to climb to $140,000 mid-term, but warned that sell-side pressures may cap gains. The crypto asset has held above $117,000 and aims for $120,000-$123,500 short-term before a potential run toward $133,000-$140,000.
However, wallets that accumulated BTC during the 2022 lows are now offloading. This pattern was seen before previous cycle peaks.
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Cryptocurrency
Binance Doubles Down on BONK, PENGU, and Meme Coins: Details Inside

TL;DR
Binance lifted the Seed Tag from several cryptocurrencies, reflecting stronger project fundamentals and reduced risk.
Not long ago, the exchange updated its VIP Loan service, adding more loanable assets.
More Backing
The world’s largest cryptocurrency exchange offers trading services with multiple meme coins to respond to the ongoing market trends. However, some of those tokens have a warning label, known as a Seed Tag. It applies to cryptocurrencies which are listed on the platform but are considered riskier or early-stage projects.
On July 21, Binance announced the removal of the Seed Tag from popular meme coins, including Bonk (BONK), Pepe (PEPE), and Pudgy Penguins (PENGU). EigenLayer (EIGEN) and ether.fi (ETHFI) will also no longer have this marker.
The firm stated that it will continue to conduct periodic reviews to determine if other digital assets should have the Seed Tag removed. To do so, it takes into account factors such as the team’s commitment to the project, the level and quality of development activity, trading volume and liquidity, network stability, community sentiments, and others.
The exchange also expanded the list of trading choices offered on Binance Spot by adding the ETC/USDC, GRT/USDC, and ROSE/USDC pairs on July 22. The services are subject to eligibility and won’t be available to users residing in the USA, Canada, Iran, Netherlands, and other countries.
Ethereum Classic (ETC), The Graph (GRT), and Oasis (ROSE) did not experience price rallies following the news and remain in red territory on a daily scale. More substantial pumps are typically observed when Binance lists a new cryptocurrency, rather than just an additional trading pair.
Other Recent Changes
Earlier this month, the company included Newton Protocol (NEWT) and Sahara AI (SAHARA) as new loanable assets on Binance VIP Loan. The service enables premium users to borrow substantial amounts of crypto by using their current holdings as collateral. Surprisingly, NEWT and SAHARA did not pump after the disclosure and remained in the red zone.
Binance also removed certain spot trading pairs, such as ACT/EUR, FIO/BTC, TNSR/FDUSD, and TST/FDUSD. Most of the affected cryptocurrencies headed south following the announcement, with FIO charting the biggest loss of around 8%.
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Cryptocurrency
MultiBank Group’s $MBG Token TGE Is Live on MexC, Gate.io, Uniswap and Multibank.io.

[PRESS RELEASE – Hong Kong, PCR, July 22nd, 2025]
MultiBank Group, one of the largest and most regulated financial derivatives institutions, has officially launched the $MBG Token Generation Event (TGE), following a record-breaking pre-sale that saw millions of tokens snapped up in minutes.
$MBG has launched on MEXC and Gate.io, with additional availability on MultiBank.io and Uniswap, as part of its broader integration across centralized and decentralized trading platforms.
The July 18 pre-sale sold out in minutes, proving $MBG’s unique edge: a crypto asset anchored in real-world value. Backed by MultiBank Group’s $35 billion daily trading volume and $29 billion in real assets across the group’s four-pillar ecosystem, $MBG delivers tangible utility for the future of finance. A $440 million buyback and burn program will further support growth over the next four years.
MultiBank Group Chairman and Founder Naser Taher commented: “The launch of $MBG marks a transformative moment for our Group and the broader cryptocurrency landscape. The unprecedented demand for both pre-sales – selling out in minutes – demonstrates the market’s strong belief in our vision. $MBG is built on rock-solid fundamentals, combining MultiBank’s $35 billion daily trading infrastructure with a $29 billion real asset base, while driving innovation through its multi-utility role: powering transactions across our TradFi and digital ecosystems, enabling staking rewards, and serving as the native token for our $3 billion real-world asset platform. This isn’t just another crypto token; it’s a bridge between traditional finance and blockchain’s future, engineered to deliver sustainable value at every level.”
$MBG will serve as a core utility token across MultiBank Group’s integrated four-pillar ecosystem, supporting transaction fees, staking, rewards, and internal settlements. Its applications extend throughout:
- MultiBank TradFi: The Group’s flagship contract-for-difference (CFD) business, which generated $362 million in revenue last year.
- MEX Exchange: A forthcoming institutional-focused crypto ECN (Electronic Communication Network) built for large-scale liquidity aggregation, valued at $23.7 billion.
- MultiBank.io RWA: The real estate tokenization platform and marketplace, with a $3 billion agreement involving MAG Lifestyle Development that will introduce premium properties such as the Ritz-Carlton Residences.
- MultiBank.io: A highly regulated digital asset exchange enabling spot trading, derivatives, and future DeFi integrations.
The launch of $MBG has already garnered what the team describes as strong interest and engagement from the crypto community.
The Token is Now Live on MexC, Gate.io, Uniswap, Multibank.io.
About Multibank Group
MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, users can visit MultiBank Group’s website.
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