Kraig Guyton wbdK

In an era where blockchain and decentralized computing are redefining the digital landscape, Succinct (PROVE) emerges as a trailblazing project, delivering high-performance, low-cost zero-knowledge proof (ZK proof) generation and verification. With a bold vision to "prove the world’s software," Succinct is not just a technological platform but a monumental leap toward transparency, security, and global scalability.
Let’s dive into why it’s capturing the attention of communities and top investors alike 👇
1. What is the Project?
Succinct (PROVE), developed by Succinct Labs, is a decentralized protocol that introduces the Succinct Network – a global distributed proving network designed to generate ZK proofs with optimal efficiency. The project integrates seamlessly with SP1, an open-source zero-knowledge virtual machine (zkVM) that proves the execution of RISC-V programs using standard Rust code. Succinct Network employs an innovative auction mechanism called "proof contests" to coordinate a worldwide community of provers, ensuring low costs, minimal latency, and high decentralization.

The core mission of Succinct is to overcome the performance and cost barriers of ZK proof generation, broadening its application across blockchain scaling (e.g., rollups, zkEVMs), identity protection, cryptographic computing, and artificial intelligence. By "proving the world’s software," Succinct enables rapid, secure, and trustless verification of any program’s correctness, revolutionizing decentralized systems.
2. Key Highlights
Succinct Network distinguishes itself with several standout features:
Proof Contests Mechanism: A unique "all-pay" auction model that fosters competition among provers to deliver low-cost ZK proofs while maintaining decentralization by preventing dominance by a single prover.SP1 zkVM Integration: SP1 empowers developers to reuse existing Rust code for ZK proof generation without requiring deep expertise in arithmetic circuits, democratizing access to ZK technology.Global Decentralized Network: Succinct allows anyone to join as a prover – from individuals with home GPUs to large-scale data centers – promoting geographic diversity and reducing centralization risks.Performance and Cost Optimization: Leveraging advancements in ZK technology (e.g., Halo2, Plonky2, Plonky3) and aggregating supply-demand, Succinct minimizes costs and latency for end users.Versatile Applications: From blockchain scalability to identity security and AI computation, Succinct supports a wide range of use cases, paving the way for a new era of cryptographic computing.

3. Products
Succinct delivers a robust ecosystem of products for ZK proof generation and verification:
SP1 zkVM: An open-source, high-performance zkVM that proves RISC-V programs, enabling developers to build ZK applications with Rust and lowering technical barriers.Succinct Network: A decentralized global network where users submit proof requests, and provers compete to fulfill them via proof contests. It operates on an application-specific blockchain, ensuring transparency and security.Practical Applications:zkEVMs: Generate proofs of Ethereum block execution using Reth and Revm in SP1.Rollups: Create validity proofs for rollup state transitions, bridging to Ethereum.Coprocessors: Perform large-scale computations on blockchain historical or consensus data.Identity Protection: Use client-side proving to secure private data attestations.Machine Learning: Prove AI outputs for on-chain applications like generative art or autonomous agents.Interoperability: Support cryptographic operations beyond EVM capabilities, such as signatures or pairings.

4. Fundraising
Succinct secured $55 million in a Series A funding round, announced on March 21, 2024, via Succinct Labs’ official Twitter. The round was led by Paradigm, a top-tier blockchain venture capital firm. This capital, encompassing both Seed and Series A phases, underscores strong investor confidence in Succinct’s potential to advance ZK technology.

5. Backers
Succinct is supported by a prestigious lineup of investors and industry leaders:
Paradigm: The lead investor in the Series A round, renowned for backing projects like Uniswap, Optimism, and StarkNet.Robot Ventures, Bankless Ventures, Geometry: Additional venture funds focused on decentralized technology innovation.Notable Individuals:Sreeram Kannan (EigenLayer)Daniel Lubarov and Sandeep Nailwal (Polygon)Ya Zhang (Scroll)John Adler (Celestia)Andrew Huang (Conduit)Eliad Gil (Polygon)Dev Ojha and Eugene Chen (Ellipsis Labs)
6. Tokenomics & Allocation
The PROVE token is an ERC-20 token, issued on Ethereum, that serves three main functions within the Succinct Prover Network: 
PROVE is the payments token of the Succinct Prover Network. Requesters pay provers in PROVE. PROVE secures the network via staking and governance.PROVE incentivizes provers to provide competitive prices to requesters. 
PROVE has a fixed supply of 1,000,000,000 tokens.
7. Binance Hodler Airdrop
Binance is excited to announce the 31st project on the HODLer Airdrops page – Succinct (PROVE)
Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from 2025-07-18 00:00 (UTC) to 2025-07-21 23:59 (UTC) will get the airdrops distribution
Explore more https://www.binance.com/en/support/announcement/detail/bbd0a134905646d485e35af4fdda3ee7
8. Token Unlock
The token unlock schedule for PROVE remains undisclosed officially. Based on industry standards and the project’s roadmap:
Team and Investors: Tokens typically locked for 1-2 years, vesting over 2-4 years to mitigate selling pressure.Community and Airdrop: Tokens for initiatives like the Binance HODL Airdrop may unlock upon distribution.Provers: Rewards may be released gradually based on network activity.
Succinct (PROVE) is more than a blockchain project—it’s a beacon illuminating the future of decentralized verification and cryptographic computing. By marrying the cutting-edge SP1 zkVM with the innovative proof contests mechanism and a robust global network, Succinct is turning the dream of "proving the world’s software" into reality.
Backed by titans like Paradigm and bolstered by community engagement through the Binance HODL Airdrop, Succinct is poised to become a cornerstone of the Web3 ecosystem.
As we await the mainnet launch, Succinct promises to deliver a world where every program can be proven at lightning speed, ushering in an era of trustless innovation and limitless possibilities. The future of verifiability is here, and Succinct is leading the charge
This article is for informational purposes only. The information provided is not investment advice
#BinanceHODLerPROVE $PROVE $BNB

As Bitcoin surges past $126K in mid-2025, the question on every crypto enthusiast’s mind is: Who owns the most Bitcoin? With a market cap exceeding $2.3 trillion, Bitcoin’s wealth is increasingly concentrated among exchanges, corporations, governments, and elusive individuals.
This guide dives into the Bitcoin rich list of 2025, revealing the top holders—companies, countries, and individuals—based on the latest data. Understanding these power players is key to grasping market dynamics and wealth concentration.
Let’s uncover the whales shaping Bitcoin’s future! 🚀
Top Bitcoin Holders in 2025
Bitcoin’s supply is capped at 21 million, and as of July 2025, about 19.7 million BTC are in circulation. The top 100 wallets hold 14–15% of this supply, with the top 10 (excluding Satoshi Nakamoto) controlling ~5.5% (1.1 million BTC). Here’s a breakdown of the biggest players across categories.
Exchanges: The Custodial Giants
Crypto exchanges manage massive cold wallets to secure user funds, dominating the Bitcoin rich list due to their custodial role.
Binance: The largest exchange holds 611,520 BTC across its wallets, with its primary cold wallet at ~248,600 BTC ($26 billion, 1.25% of circulating supply). A secondary wallet holds ~109,586 BTC. These “air-gapped” wallets prioritize security with minimal transactions, reflecting long-term reserve management.Robinhood: Holds 140,600 BTC ($15 billion, 0.67% of supply) in cold storage, managed by Jump Trading. Its custodial wallet sees occasional withdrawals tied to user activity.Bitfinex: Manages 130,010 BTC ($13.8 billion, 0.62% of supply), down from earlier estimates of 156,000 BTC due to fluctuations. It remains a key liquidity provider.

Companies: Corporate Treasury Titans
Public and private companies are stacking Bitcoin as a hedge against inflation and a store of value, with some making it a core strategy.
Strategy (formerly MicroStrategy): The largest public Bitcoin holder owns 607,770 BTC ($72.3 billion, 2.9% of supply) as of July 2025, acquired at an average price of $70,982. With 92.5% of its balance sheet in BTC, Strategy’s aggressive accumulation under Michael Saylor defines corporate crypto adoption.BlackRock (IBIT ETF): Holds 655,570 BTC ($78 billion, 3.1% of supply) via its spot Bitcoin ETF, making it the largest institutional holder. Its rapid accumulation since ETF approvals highlights institutional demand.Grayscale (GBTC): Manages 187,816 BTC ($22.3 billion, 0.9% of supply) through its Bitcoin Trust, down from 292,000 BTC earlier due to outflows to newer ETFs like BlackRock’s.Block.one: A private blockchain company holding 140,000 BTC ($16.6 billion), one of the largest non-public corporate stashes.Other Notable Companies:Marathon Digital Holdings: A Bitcoin mining giant with 48,000 BTC ($5.7 billion).Riot Platforms: Holds 19,211 BTC ($2.3 billion) as of May 2025, funded partly through debt.Metaplanet: A Japanese firm with 15,555 BTC ($1.85 billion), aiming for 210,000 BTC by 2027.Tesla: Retains 11,509 BTC ($1.37 billion) after selling some of its 2021 holdings.Tether Holdings: Owns 100,521 BTC ($11.9 billion), bolstering its stablecoin reserves.Stone Ridge Holdings (NYDIG): Holds 10,889 BTC ($1.3 billion) for decentralized finance initiatives.Block Inc.: Owns 8,485 BTC ($1 billion), led by Jack Dorsey.Galaxy Digital Holdings: Holds 8,100 BTC ($960 million).

Approximately 130 public companies collectively hold 693,000 BTC (3.3% of supply), valued at ~$82 billion, showing Bitcoin’s growing corporate adoption.
Countries: Sovereign Bitcoin Reserves
Governments are increasingly holding Bitcoin, often through seizures or strategic reserves, signaling its rising legitimacy as a global asset.
United States: Holds 207,189 BTC ($24.6 billion, 1% of supply) as of June 2025, primarily from seizures like Silk Road and Bitfinex hacks. A proposed Bitcoin Strategic Reserve could boost this further.United Arab Emirates (UAE): Rumored to hold 420,000 BTC ($50 billion, 2% of supply), potentially the largest sovereign stash, though unconfirmed. Former Binance CEO Changpeng Zhao’s comments on X lend some credibility, but blockchain analysts question the figure’s accuracy.Bulgaria: Estimated to hold 213,519 BTC ($25.4 billion, 1.02% of supply) from a 2017 cybercrime raid, though official confirmation is unclear.China: Owns 194,000 BTC ($23 billion, 0.92% of supply) from law enforcement seizures, despite banning crypto trading. Some reports suggest China offloaded 190,000 BTC from the 2019 PlusToken scam via mixers, but this is unconfirmed.United Kingdom: Holds 61,000 BTC ($7.2 billion) from a 2021 money laundering investigation, with debates ongoing about retaining versus selling.Ukraine: Owns 46,000 BTC ($5.5 billion) from donations and seizures.Bhutan: Amasses ~unknown BTC (est. thousands) through hydropower mining by Druk Holding & Investments since 2019.El Salvador: Holds 6,244 BTC ($744 million) as of July 2025, accumulated via its “1 BTC per day” policy, though IMF loan conditions may halt this.Georgia: Holds 66 BTC ($8 million), one of the smallest sovereign reserves.

Governments collectively hold 463,741 BTC (2.3% of supply, ~$55 billion) as of Q1 2025, reflecting Bitcoin’s strategic importance.
Individuals: The Crypto Billionaires
Individual Bitcoin whales are harder to track due to pseudonymous wallets, but some public figures stand out.
Satoshi Nakamoto: The pseudonymous creator of Bitcoin holds an estimated 968,000–1.1 million BTC (~$115–130 billion, ~5% of supply) across multiple wallets, untouched since 2010. This dormant stash, including the famous 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa address, could shake markets if moved.Winklevoss Twins (Cameron & Tyler): Founders of Gemini Exchange, they hold 70,000 BTC ($8.3 billion), amassed since Bitcoin’s early days.Tim Draper: Venture capitalist who bought 30,000 BTC at the Silk Road auction in 2014, likely holding more now, estimated at 30,000–50,000 BTC ($3.6–5.9 billion).Michael Saylor (Personal): Beyond Strategy’s holdings, Saylor personally owns 17,000 BTC ($2 billion).Changpeng Zhao (CZ): Former Binance CEO, speculated to hold a significant but undisclosed amount of BTC, with estimates in the tens of thousands (~$1–3 billion). His wealth, tied to Binance’s ~611,520 BTC, makes him a major player.Anonymous Whales: Addresses like 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF (~79,957 BTC, ~$9.5 billion) remain unidentified, possibly tied to early exchange hacks or silent accumulators.

Mid-tier wallets (100–1,000 BTC) have grown from 3.9 million to 4.76 million BTC, showing increased accumulation by smaller institutions and wealthy individuals.
Why These Holdings Matter
The concentration of Bitcoin among exchanges, corporations, governments, and individuals has big implications:
Market Influence: Whales like Strategy or BlackRock can sway prices with large transactions. For example, a 20,000 BTC move from dormant wallets in July 2025 sparked $2.1 billion in speculation.Centralization Concerns: Despite Bitcoin’s decentralized ethos, ~15% of its supply in the top 100 wallets raises questions about control. A potential shift to proof-of-stake (unlikely) could amplify whale influence.Stabilizing Trends: Rising mid-tier holdings and ETF inflows (e.g., BlackRock’s IBIT) suggest broader adoption, reducing volatility from 50% swings in prior years to ~35% in 2025.Geopolitical Shifts: Sovereign reserves, like the UAE’s rumored 420,000 BTC or the U.S.’s 207,189 BTC, signal Bitcoin’s role in global finance, potentially as a strategic reserve asset.
How to Track and Trade Around Bitcoin Whales
Monitor Wallets: Use tools like BitInfoCharts, Glassnode, or Arkham Intelligence to track whale movements. Binance’s price page (binance.com/vi/price/bitcoin) offers real-time price data to react to whale activity.Watch ETF Flows: Check Farside Investors for ETF inflow/outflow data, as BlackRock and Grayscale moves impact liquidity.Trade Strategically: Buy dips when whales accumulate (e.g., Strategy’s recent buys) or sell into pumps driven by whale sales. Set stop-losses to manage volatility.Stay Informed: Follow X for real-time sentiment and news from sources like Cointelegraph (cointelegraph.com/news/bitcoin-rich-list-2025).
Wrapping Up
In 2025, Bitcoin’s biggest holders—Binance (611,520 BTC), Strategy (607,770 BTC), BlackRock (655,570 BTC), Satoshi Nakamoto (~1 million BTC), and governments like the U.S. and UAE—control a significant chunk of the $2.3 trillion market. Their moves shape prices, sentiment, and Bitcoin’s role as digital gold.
By tracking these whales and using tools like Binance’s trading platform, you can navigate this dynamic market. Stay sharp, do your research, and trade wisely! 🚀
This article is for informational purposes only. The information provided is not investment advice
#Binance #wendy #Bitcoin #BTC $BTC