Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11919
Markets: 92051
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11919
Cryptocurrencies
55.13%
Bitcoin Share
coinpedia 2024-12-04 08:04:09

Crypto Market Alert : The U.S. Govt Transfers $17.2M ETH, 54.8B SHIB, and More

Crypto Market Alert : The U.S. Govt Transfers $17.2M ETH, 54.8B SHIB, and More

The post Crypto Market Alert : The U.S. Govt Transfers $17.2M ETH, 54.8B SHIB, and More appeared first on Coinpedia Fintech News The U.S. government has once again moved significant amounts of cryptocurrency seized during legal battles involving FTX and Alameda Research. This latest development adds to the ongoing management of billions of dollars in digital assets confiscated from high-profile crypto collapses. These massive transfers are creating a panic in the bullish crypto market which saw a consecutive green after months of stagnant phase. Bitcoin is hovering around $96K and altcoins are also making good gains with regulations at ease. At this moment these US transfers tell a different story. Let’s dive into the insight. Massive Transfers of SHIB and ETH On December 3, Arkham Intelligence reported that 54.8 billion Shiba Inu tokens (SHIB), valued at $1.55 million, were transferred to a new wallet. Shortly after, $17.2 million worth of Ethereum (ETH) followed, sparking attention from blockchain analysts monitoring government wallet activities. Beyond SHIB and ETH, the U.S. government also moved several smaller assets, including 13.5 million Binance USD (BUSD), $36,070 of Axie Infinity (AXS), and $296,000 in various other cryptocurrencies. These included Compound (COMP), Numeraire (NMR), Wrapped Bitcoin (WBTC), and Yearn Finance (YFI). Bitcoin Seizures Continue In addition to the recent FTX-related transfers, Bitcoin seizures remain a major focus. Earlier this year, the government moved nearly $2 billion worth of Bitcoin to new wallets. These transactions were linked to earlier cases, such as the Silk Road investigation, highlighting the scale of digital assets under federal control. As of now, the U.S. government holds a staggering $19.48 billion in digital assets, primarily Bitcoin, Ethereum, USDT, WBTC, and BNB. These holdings reflect the outcomes of several high-profile crypto investigations, including FTX’s collapse in November 2022 due to alleged mismanagement. Implications for the Crypto Market The U.S. government recently moved seized cryptocurrencies, including $17.2 million in Ethereum, just as the crypto market is rallying. In the meanwhile, Ethereum has risen to $3,643, and November saw a record $183.74 billion in trading volume. The government also moved 54.89 billion SHIB, which has raised serious selling pressure on the market. While it’s unclear what will happen to these assets, it highlights the growing role of digital currencies in legal matters and regulations.

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
55.13%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.