丝绸之路

The U.S. government has received final approval in the Northern District of California to liquidate the seized bitcoins from the Silk Road.

Chief Judge Richard Seeborg of the U.S. District Court denied a motion to block the seizure of 69,370 bitcoins, allowing the Department of Justice to sell assets worth $6.5 billion.

This ruling does not guarantee immediate liquidation, as federal asset forfeiture involves multiple administrative steps and potential windows for appeal. The Department of Justice has already transferred some of the seized bitcoins in recent months. On December 3, 2024, the U.S. government transferred nearly $2 billion worth of Silk Road bitcoins to Coinbase.

This resolution comes at a time when the government's cryptocurrency holdings are facing political pressure. Elected President Donald Trump told holders at a cryptocurrency conference in Nashville last July to "never sell your bitcoins," and promised to establish a strategic "bitcoin reserve."
Recently surfaced documents have also raised questions about how these assets will be handled, as Trump is set to be sworn in less than two weeks from now. #丝绸之路 #比特币价格走势分析

Key points from the Federal Reserve's monetary minutes at dawn:
1: Inflation in 2025 may remain high due to Trump's trade policy or be driven up by the policy.
2: Borrowing costs are too high,
3: The pace of inflation improvement is slowing.
4: Most participants are willing to slow down the pace of interest rate cuts.
5: The unemployment rate may rise slightly, but the labor market remains strong and healthy!
In summary: Trump's trade policy conflicts with the Federal Reserve's inflation policy, and it remains to be seen whether there will be improvements in the future!
Additionally, the U.S. Department of Justice has agreed to sell Bitcoin from the Silk Road, which I dare not comment on; usually, such news comes out after a drop, and I basically ignore it as it doesn't make sense. Right after a drop, this kind of negative news comes out, which is a bit ridiculous. #货币纪要 #丝绸之路

#加密货币 #区块链 #丝绸之路 Brothers, currency circle news:
• $LSK - Lisk will announce a big plan over the weekend.
• $MANTA - DWF Labs received 200K MANTA.
• $STPT - STPT announces the deployment of AWNS on the Base chain.
• $CELO - Celo is about to make a layer 2 migration decision and begin a non-technical evaluation phase.
• $RSR - Reserves the right to announce a $10 million ecosystem grant program.
• $LEVER - LeverFi announces the launch of BRC-20 Launchpad $ORNJ on January 26th.
• $XVS - Venus has announced plans to soon deploy the protocol on the Ethereum, Arbitrum, zkEVM and opBNB networks.
• $ORDI - The performance of the Inscription sector has been poor recently, and there are rumors that Binance Wallet will launch the Inscription sector.
• $DUSK - Dusk announced that staking will go live on February 1st with a $DUSK reward of 2.5 million, and the testnet will launch on February 15th.

• JPMorgan asserts that the $GBTC sell-off is mostly over and Bitcoin’s downside is limited.
• The opening of EigenLayer’s new pool has been postponed to February 5th, so prepare ETH in advance.

• US announces sale of $130 million worth of Bitcoin seized from Silk Road dealers
• Bankrupt cryptocurrency lending platform Celsius deposited 459,561 ETH ($1.02 billion) to multiple exchanges

💰The U.S. Department of Justice has been approved to sell Silk Road's Bitcoin reserves, is a market sell-off coming?

Recently, there is a topic that has attracted a lot of attention in the cryptocurrency circle, that is, the fate of Silk Road's Bitcoin reserves. The U.S. Department of Justice was approved on January 8 to sell $6.5 billion worth of Bitcoin it confiscated in the Silk Road investigation. Many people began to worry that such a large amount of Bitcoin flowing into the market would cause market turmoil.

However, CryptoQuant's analysis brought us some comfort. They believe that if these Bitcoins are gradually sold through over-the-counter (OTC) counters, the impact on the market should be controllable. In other words, this method of sale is unlikely to have an adverse impact on the market.

In addition, the total market value of Bitcoin has increased by $381.7 billion in the past year, which is far more than the $6.5 billion that is about to be sold. So, although there may be some impact in the short term, the impact of these reserves does not seem to be that great in the context of the growth of the entire market.

Although the gradual sale of Bitcoin through over-the-counter (OTC) counters can help maintain market stability in the short term, if a large amount of Bitcoin is sold directly on the spot market, it may cause significant price fluctuations.

CryptoQuant also mentioned an important case: Looking back at July 2024, the German government sold 50,000 BTC, which undoubtedly brought a significant impact on the price of Bitcoin. Therefore, how the US Department of Justice handles the sale of this batch of Bitcoin will greatly affect whether the market will experience negative fluctuations in the short term.

However, there is also a view that even if the US Department of Justice chooses to sell a large number of Bitcoins through cryptocurrency exchanges, the current indicators on the chain still show that the market fundamentals are solid.

According to CryptoQuant CEO Ki Young Ju on January 7, the obvious demand for Bitcoin remains high. As long as capital continues to flow into the market, Bitcoin will maintain an upward trend, indicating that the actual market value of Bitcoin is currently at its highest level.

In summary, the sale of Silk Road Bitcoin reserves has indeed attracted widespread attention, but from a long-term perspective, the stability of the Bitcoin market is unlikely to be significantly impacted.What do you think?

#比特币 #丝绸之路 #市场分析

Brothers, the big one is coming #丝绸之路 #BTC

Has $BTC dropped to its level, family? Will the dog stock rebound a bit to lure in more people, then a bunch of them rush in and it starts to plummet again 🤡#丝绸之路

After staying in this market for a while, you will find that when the market rises, all you see are positive news, while when the market falls, what everyone often sees are negative news. For example, the drop of #美股 , the large outflow of funds from #比特币ETF overnight, and the U.S. government plans to sell #BTC :
U.S. officials confirmed to media DB News today that the Department of Justice has been authorized to liquidate 69,370 BTC (worth approximately $6.5 billion) seized in the Silk Road (#丝绸之路 ) case. As a result of this news, BTC experienced a brief decline.
It is reported that the Department of Justice requested permission to sell these assets due to the volatility of Bitcoin prices. When asked about the next steps, a Department of Justice spokesperson stated: "The government will take next steps based on the ruling in this case."
The progress of this incident is 'approved for sale', but the Department of Justice is currently unable to determine when these Bitcoins will be sold. There are only 11 days left until Trump officially takes office on January 20, and Trump has stated that he will not sell any Bitcoins after taking office. Given the efficiency of the U.S. government, it remains to be seen whether the Department of Justice can successfully sell them.

Musk said on X that Ross Ulbricht, the founder of Silk Road, will be pardoned and released by Trump!
#特朗普就职后行情怎么走？ #马斯克概念 #丝绸之路
$BTC

It is said that the wallet of Silk Road has been moved?
#大盘走势 #丝绸之路