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BNB, originally known as Binance Coin, is a cryptocurrency created by Binance, one of the world's largest cryptocurrency exchanges. Launched in 2017, BNB was initially an ERC-20 token on the Ethereum blockchain but later transitioned to Binance's own blockchain, Binance Chain. BNB has a variety of uses within the Binance ecosystem, including paying for trading fees on the exchange, participating in token sales on Binance Launchpad, and even making purchases at certain online merchants.
Over time, BNB has evolved from a utility token to a widely traded digital asset. Its value fluctuates based on supply and demand, as well as developments within the Binance platform. Additionally, Binance conducts periodic "burns," reducing the total supply of BNB to potentially increase scarcity and value. BNB’s popularity has grown, and it is now used for a range of purposes both inside and outside the Binance network.
BNB, originally known as Binance Coin, is a cryptocurrency created by Binance, one of the world's largest cryptocurrency exchanges. Launched in 2017, BNB was initially an ERC-20 token on the Ethereum blockchain but later transitioned to Binance's own blockchain, Binance Chain. BNB has a variety of uses within the Binance ecosystem, including paying for trading fees on the exchange, participating in token sales on Binance Launchpad, and even making purchases at certain online merchants.
Over time, BNB has evolved from a utility token to a widely traded digital asset. Its value fluctuates based on supply and demand, as well as developments within the Binance platform. Additionally, Binance conducts periodic "burns," reducing the total supply of BNB to potentially increase scarcity and value. BNB’s popularity has grown, and it is now used for a range of purposes both inside and outside the Binance network.
$BNB
BNB, originally known as Binance Coin, is a cryptocurrency created by Binance, one of the world's largest cryptocurrency exchanges. Launched in 2017, BNB was initially an ERC-20 token on the Ethereum blockchain but later transitioned to Binance's own blockchain, Binance Chain. BNB has a variety of uses within the Binance ecosystem, including paying for trading fees on the exchange, participating in token sales on Binance Launchpad, and even making purchases at certain online merchants.
Over time, BNB has evolved from a utility token to a widely traded digital asset. Its value fluctuates based on supply and demand, as well as developments within the Binance platform. Additionally, Binance conducts periodic "burns," reducing the total supply of BNB to potentially increase scarcity and value. BNB’s popularity has grown, and it is now used for a range of purposes both inside and outside the Binance network.
BNB, originally known as Binance Coin, is a cryptocurrency created by Binance, one of the world's largest cryptocurrency exchanges. Launched in 2017, BNB was initially an ERC-20 token on the Ethereum blockchain but later transitioned to Binance's own blockchain, Binance Chain. BNB has a variety of uses within the Binance ecosystem, including paying for trading fees on the exchange, participating in token sales on Binance Launchpad, and even making purchases at certain online merchants.
Over time, BNB has evolved from a utility token to a widely traded digital asset. Its value fluctuates based on supply and demand, as well as developments within the Binance platform. Additionally, Binance conducts periodic "burns," reducing the total supply of BNB to potentially increase scarcity and value. BNB’s popularity has grown, and it is now used for a range of purposes both inside and outside the Binance network.
$ETH
Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Unlike Bitcoin, which focuses mainly on peer-to-peer transactions, Ethereum allows for the creation of programmable digital agreements, making it highly versatile. At the heart of Ethereum is its native cryptocurrency, Ether (ETH), which is used to pay for transaction fees and computational services on the network. Ethereum’s smart contracts run automatically when predefined conditions are met, reducing the need for intermediaries. Ethereum is also transitioning from Proof of Work (PoW) to Proof of Stake (PoS) with its Ethereum 2.0 upgrade, aiming to improve scalability, security, and energy efficiency. This shift is expected to make the platform more sustainable and capable of supporting a broader range of applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).
#Ethereum #Blockchain #SmartContracts
Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Unlike Bitcoin, which focuses mainly on peer-to-peer transactions, Ethereum allows for the creation of programmable digital agreements, making it highly versatile. At the heart of Ethereum is its native cryptocurrency, Ether (ETH), which is used to pay for transaction fees and computational services on the network. Ethereum’s smart contracts run automatically when predefined conditions are met, reducing the need for intermediaries. Ethereum is also transitioning from Proof of Work (PoW) to Proof of Stake (PoS) with its Ethereum 2.0 upgrade, aiming to improve scalability, security, and energy efficiency. This shift is expected to make the platform more sustainable and capable of supporting a broader range of applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).
#Ethereum #Blockchain #SmartContracts
#MastertheMarket
Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Unlike Bitcoin, which focuses mainly on peer-to-peer transactions, Ethereum allows for the creation of programmable digital agreements, making it highly versatile. At the heart of Ethereum is its native cryptocurrency, Ether (ETH), which is used to pay for transaction fees and computational services on the network. Ethereum’s smart contracts run automatically when predefined conditions are met, reducing the need for intermediaries. Ethereum is also transitioning from Proof of Work (PoW) to Proof of Stake (PoS) with its Ethereum 2.0 upgrade, aiming to improve scalability, security, and energy efficiency. This shift is expected to make the platform more sustainable and capable of supporting a broader range of applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).
#Ethereum #Blockchain #SmartContracts
Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Unlike Bitcoin, which focuses mainly on peer-to-peer transactions, Ethereum allows for the creation of programmable digital agreements, making it highly versatile. At the heart of Ethereum is its native cryptocurrency, Ether (ETH), which is used to pay for transaction fees and computational services on the network. Ethereum’s smart contracts run automatically when predefined conditions are met, reducing the need for intermediaries. Ethereum is also transitioning from Proof of Work (PoW) to Proof of Stake (PoS) with its Ethereum 2.0 upgrade, aiming to improve scalability, security, and energy efficiency. This shift is expected to make the platform more sustainable and capable of supporting a broader range of applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).
#Ethereum #Blockchain #SmartContracts
$BTC
Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Unlike Bitcoin, which focuses mainly on peer-to-peer transactions, Ethereum allows for the creation of programmable digital agreements, making it highly versatile. At the heart of Ethereum is its native cryptocurrency, Ether (ETH), which is used to pay for transaction fees and computational services on the network. Ethereum’s smart contracts run automatically when predefined conditions are met, reducing the need for intermediaries. Ethereum is also transitioning from Proof of Work (PoW) to Proof of Stake (PoS) with its Ethereum 2.0 upgrade, aiming to improve scalability, security, and energy efficiency. This shift is expected to make the platform more sustainable and capable of supporting a broader range of applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).#Ethereum #Blockchain #SmartContracts
Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Unlike Bitcoin, which focuses mainly on peer-to-peer transactions, Ethereum allows for the creation of programmable digital agreements, making it highly versatile. At the heart of Ethereum is its native cryptocurrency, Ether (ETH), which is used to pay for transaction fees and computational services on the network. Ethereum’s smart contracts run automatically when predefined conditions are met, reducing the need for intermediaries. Ethereum is also transitioning from Proof of Work (PoW) to Proof of Stake (PoS) with its Ethereum 2.0 upgrade, aiming to improve scalability, security, and energy efficiency. This shift is expected to make the platform more sustainable and capable of supporting a broader range of applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).#Ethereum #Blockchain #SmartContracts
$BTC
Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Unlike Bitcoin, which focuses mainly on peer-to-peer transactions, Ethereum allows for the creation of programmable digital agreements, making it highly versatile. At the heart of Ethereum is its native cryptocurrency, Ether (ETH), which is used to pay for transaction fees and computational services on the network. Ethereum’s smart contracts run automatically when predefined conditions are met, reducing the need for intermediaries. Ethereum is also transitioning from Proof of Work (PoW) to Proof of Stake (PoS) with its Ethereum 2.0 upgrade, aiming to improve scalability, security, and energy efficiency. This shift is expected to make the platform more sustainable and capable of supporting a broader range of applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).#Ethereum #Blockchain #SmartContracts
Ethereum (ETH) is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Unlike Bitcoin, which focuses mainly on peer-to-peer transactions, Ethereum allows for the creation of programmable digital agreements, making it highly versatile. At the heart of Ethereum is its native cryptocurrency, Ether (ETH), which is used to pay for transaction fees and computational services on the network. Ethereum’s smart contracts run automatically when predefined conditions are met, reducing the need for intermediaries. Ethereum is also transitioning from Proof of Work (PoW) to Proof of Stake (PoS) with its Ethereum 2.0 upgrade, aiming to improve scalability, security, and energy efficiency. This shift is expected to make the platform more sustainable and capable of supporting a broader range of applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs).#Ethereum #Blockchain #SmartContracts
#TradingAnalysis101
TradingAnalysis101 is a platform designed to provide beginners and intermediate traders with the knowledge and tools needed to navigate the world of financial markets. It focuses on teaching the fundamentals of trading, including technical analysis, chart reading, and risk management strategies. The platform covers a wide range of assets, such as stocks, forex, and cryptocurrencies, helping users understand price movements and market trends. By offering resources like tutorials, market insights, and educational materials, TradingAnalysis101 aims to empower traders to make informed decisions and improve their trading skills. Whether you're new to trading or looking to refine your strategies, TradingAnalysis101 serves as a valuable starting point for anyone interested in understanding the complex dynamics of financial markets. The platform emphasizes a disciplined approach to trading, with a focus on consistency and long-term success.
#MarketEducation #TradingStrategies
TradingAnalysis101 is a platform designed to provide beginners and intermediate traders with the knowledge and tools needed to navigate the world of financial markets. It focuses on teaching the fundamentals of trading, including technical analysis, chart reading, and risk management strategies. The platform covers a wide range of assets, such as stocks, forex, and cryptocurrencies, helping users understand price movements and market trends. By offering resources like tutorials, market insights, and educational materials, TradingAnalysis101 aims to empower traders to make informed decisions and improve their trading skills. Whether you're new to trading or looking to refine your strategies, TradingAnalysis101 serves as a valuable starting point for anyone interested in understanding the complex dynamics of financial markets. The platform emphasizes a disciplined approach to trading, with a focus on consistency and long-term success.
#MarketEducation #TradingStrategies
$BTC
#tcoinNews
Bitcoin (BTC) is a decentralized digital currency that was introduced in 2009 by an unknown person or group using the name Satoshi Nakamoto. It operates without a central authority, such as a bank or government, relying on blockchain technology to validate and record transactions. Bitcoin’s decentralized nature offers benefits like reduced transaction fees, faster cross-border payments, and greater privacy compared to traditional currencies. It also serves as an investment asset, often compared to gold for its store of value potential. However, Bitcoin’s price can be highly volatile, leading to both enthusiasm and caution among investors. As the first cryptocurrency, Bitcoin has spurred the development of thousands of other digital currencies, shaping the future of finance and technology. Its growing acceptance in various industries highlights its potential to disrupt traditional financial systems.
#Bitcoin #Cryptocurrency #Blockchain
#tcoinNews
Bitcoin (BTC) is a decentralized digital currency that was introduced in 2009 by an unknown person or group using the name Satoshi Nakamoto. It operates without a central authority, such as a bank or government, relying on blockchain technology to validate and record transactions. Bitcoin’s decentralized nature offers benefits like reduced transaction fees, faster cross-border payments, and greater privacy compared to traditional currencies. It also serves as an investment asset, often compared to gold for its store of value potential. However, Bitcoin’s price can be highly volatile, leading to both enthusiasm and caution among investors. As the first cryptocurrency, Bitcoin has spurred the development of thousands of other digital currencies, shaping the future of finance and technology. Its growing acceptance in various industries highlights its potential to disrupt traditional financial systems.
#Bitcoin #Cryptocurrency #Blockchain
#CryptoMarketWatch
Bitcoin (BTC) is a decentralized digital currency that allows peer-to-peer transactions over the internet without the need for a central authority or intermediary, like a bank. Created in 2008 by an anonymous person or group of people using the name Satoshi Nakamoto, Bitcoin uses blockchain technology to record all transactions on a public ledger, ensuring transparency and security. Since its inception, Bitcoin has gained popularity as an alternative to traditional fiat currencies, offering benefits like lower transaction fees and global accessibility. Additionally, Bitcoin has become a store of value for many, often referred to as "digital gold." Its value can be volatile, but it remains a significant player in the world of cryptocurrencies.
#Bitcoin #BTC #Cryptocurrency
Bitcoin (BTC) is a decentralized digital currency that allows peer-to-peer transactions over the internet without the need for a central authority or intermediary, like a bank. Created in 2008 by an anonymous person or group of people using the name Satoshi Nakamoto, Bitcoin uses blockchain technology to record all transactions on a public ledger, ensuring transparency and security. Since its inception, Bitcoin has gained popularity as an alternative to traditional fiat currencies, offering benefits like lower transaction fees and global accessibility. Additionally, Bitcoin has become a store of value for many, often referred to as "digital gold." Its value can be volatile, but it remains a significant player in the world of cryptocurrencies.
#Bitcoin #BTC #Cryptocurrency
$BTC
#WhiteHouseCryptoSummit
#USCryproReserve
Bitcoin (BTC) is a decentralized digital currency that allows peer-to-peer transactions over the internet without the need for a central authority or intermediary, like a bank. Created in 2008 by an anonymous person or group of people using the name Satoshi Nakamoto, Bitcoin uses blockchain technology to record all transactions on a public ledger, ensuring transparency and security. Since its inception, Bitcoin has gained popularity as an alternative to traditional fiat currencies, offering benefits like lower transaction fees and global accessibility. Additionally, Bitcoin has become a store of value for many, often referred to as "digital gold." Its value can be volatile, but it remains a significant player in the world of cryptocurrencies.
#Bitcoin #BTC #Cryptocurrency
#WhiteHouseCryptoSummit
#USCryproReserve
Bitcoin (BTC) is a decentralized digital currency that allows peer-to-peer transactions over the internet without the need for a central authority or intermediary, like a bank. Created in 2008 by an anonymous person or group of people using the name Satoshi Nakamoto, Bitcoin uses blockchain technology to record all transactions on a public ledger, ensuring transparency and security. Since its inception, Bitcoin has gained popularity as an alternative to traditional fiat currencies, offering benefits like lower transaction fees and global accessibility. Additionally, Bitcoin has become a store of value for many, often referred to as "digital gold." Its value can be volatile, but it remains a significant player in the world of cryptocurrencies.
#Bitcoin #BTC #Cryptocurrency
$BTC
#WhiteHouseCryptoSummit
#CryptoMarketWatch
Bitcoin (BTC) is a decentralized digital currency that allows peer-to-peer transactions over the internet without the need for a central authority or intermediary, like a bank. Created in 2008 by an anonymous person or group of people using the name Satoshi Nakamoto, Bitcoin uses blockchain technology to record all transactions on a public ledger, ensuring transparency and security. Since its inception, Bitcoin has gained popularity as an alternative to traditional fiat currencies, offering benefits like lower transaction fees and global accessibility. Additionally, Bitcoin has become a store of value for many, often referred to as "digital gold." Its value can be volatile, but it remains a significant player in the world of cryptocurrencies.
#Bitcoin #BTC #Cryptocurrency
#WhiteHouseCryptoSummit
#CryptoMarketWatch
Bitcoin (BTC) is a decentralized digital currency that allows peer-to-peer transactions over the internet without the need for a central authority or intermediary, like a bank. Created in 2008 by an anonymous person or group of people using the name Satoshi Nakamoto, Bitcoin uses blockchain technology to record all transactions on a public ledger, ensuring transparency and security. Since its inception, Bitcoin has gained popularity as an alternative to traditional fiat currencies, offering benefits like lower transaction fees and global accessibility. Additionally, Bitcoin has become a store of value for many, often referred to as "digital gold." Its value can be volatile, but it remains a significant player in the world of cryptocurrencies.
#Bitcoin #BTC #Cryptocurrency
$BTC
#WhiteHouseCryptoSumit
#USCryproReserve
BTC, or Bitcoin, is a decentralized digital currency that operates without a central authority or government. It uses blockchain technology to ensure secure, transparent transactions. #Bitcoin #Cryptocurrency #BTC #Blockchain #DigitalCurrency #Fintech
#WhiteHouseCryptoSumit
#USCryproReserve
BTC, or Bitcoin, is a decentralized digital currency that operates without a central authority or government. It uses blockchain technology to ensure secure, transparent transactions. #Bitcoin #Cryptocurrency #BTC #Blockchain #DigitalCurrency #Fintech
$BTC
Anthony Rousseau, head of brokerage solutions at TradeNation, shared his Bitcoin 2025 outlook with FXStreet. Rousseau predicts higher implied volatility (IV) for both BTC and ETH. "In 2025, we expect implied volatility (IV) for both Bitcoin and Ethereum to remain elevated, driven by ongoing geopolitical events, regulatory developments, and market adoption. Derive.xyz’s nearly 4x increase in trade volume over the past year highlights the increasing sophistication and participation in the options market,” he said.
Anthony Rousseau, head of brokerage solutions at TradeNation, shared his Bitcoin 2025 outlook with FXStreet. Rousseau predicts higher implied volatility (IV) for both BTC and ETH. "In 2025, we expect implied volatility (IV) for both Bitcoin and Ethereum to remain elevated, driven by ongoing geopolitical events, regulatory developments, and market adoption. Derive.xyz’s nearly 4x increase in trade volume over the past year highlights the increasing sophistication and participation in the options market,” he said.
PNL, or Profit and Loss, is a financial metric that determines the profits or losses of various industries and investment activities. This calculation accurately measures the money gained or lost due to a specific operation, making it a valuable indicator for evaluating different strategies’ effectiveness.
On WhiteBIT, PNL can be calculated for futures and margintrading in the zone where trading orders are placed.
On WhiteBIT, PNL can be calculated for futures and margintrading in the zone where trading orders are placed.
My 30 Days' PNL
2024-12-13~2025-01-11
-$1.08
-25.15%
$BTC
Thai police and electricity officials have reportedly seized 996 Bitcoin mining devices from a company they say illegally diverted electricity to run the machines.
The Bitcoin miners were confiscated in a road at JIT Co’s facility in Phanat Nikhom, Chon Buri, on Jan. 8, Pol Maj Gen Montree Theskhan, commander of the Crime Suppression Division, told the Bangkok Post on Jan. 9.
Thai police and electricity officials have reportedly seized 996 Bitcoin mining devices from a company they say illegally diverted electricity to run the machines.
The Bitcoin miners were confiscated in a road at JIT Co’s facility in Phanat Nikhom, Chon Buri, on Jan. 8, Pol Maj Gen Montree Theskhan, commander of the Crime Suppression Division, told the Bangkok Post on Jan. 9.
#OnChainLendingSurge
The recent surge in on-chain lending, surpassing $20 billion in active loans, is a major milestone for the DeFi (Decentralized Finance) ecosystem. This growth is a key indicator of the rising liquidity in the crypto market, but it also brings with it both opportunities and risks. Let’s break down the potential implications:
The recent surge in on-chain lending, surpassing $20 billion in active loans, is a major milestone for the DeFi (Decentralized Finance) ecosystem. This growth is a key indicator of the rising liquidity in the crypto market, but it also brings with it both opportunities and risks. Let’s break down the potential implications:
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Me with $200 in Crypto follow Whales trading strategy
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Please give me information sell or hold I'm new here
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How We Earn $100 Daily On Binance _No Investment Needed 💸💰
To earn $100 on Binance without any direct investment, here are a few methods you can consider:
1. Referral Program
Binance offers a referral program where you can earn a commission by inviting others to sign up and trade.
Share your referral link with friends or on social platforms.
Earn a percentage of their trading fees as commission.
2. Binance Learn & Earn
Binance frequently runs "Learn & Earn" programs where you watch educational videos or read about cryptocurrencies.
Take a quiz at the end and earn rewards in cryptocurrency.
3. P2P Trading Promotions
Participate in Binance's Peer-to-Peer (P2P) trading promotions.
Often, they offer cashback or bonuses for completing trades during promotional periods.
4. Airdrops and Campaigns
Binance hosts events and campaigns where you can win free tokens by completing tasks, such as social media engagement or trading certain assets.
5. Binance Gift Cards
Binance offers gift card promotions where you can earn cashback or rewards for buying or gifting cards.
6. Futures or Staking Trials
Binance sometimes offers free trials for futures trading or staking, allowing you to use trial funds to earn actual profits.
7. Affiliate Marketing
If you have a platform (e.g., blog, YouTube), join the Binance affiliate program to earn higher commissions from your referrals.
By consistently engaging with Binance's programs and promotions, you can accumulate rewards without needing upfront investment. Always check Binance's "Rewards Center" or announcements for the latest opportunities.
#CryptoReboundStrategy #AIAgentFrenzy #SUIHitsATH #Write2Earn
To earn $100 on Binance without any direct investment, here are a few methods you can consider:
1. Referral Program
Binance offers a referral program where you can earn a commission by inviting others to sign up and trade.
Share your referral link with friends or on social platforms.
Earn a percentage of their trading fees as commission.
2. Binance Learn & Earn
Binance frequently runs "Learn & Earn" programs where you watch educational videos or read about cryptocurrencies.
Take a quiz at the end and earn rewards in cryptocurrency.
3. P2P Trading Promotions
Participate in Binance's Peer-to-Peer (P2P) trading promotions.
Often, they offer cashback or bonuses for completing trades during promotional periods.
4. Airdrops and Campaigns
Binance hosts events and campaigns where you can win free tokens by completing tasks, such as social media engagement or trading certain assets.
5. Binance Gift Cards
Binance offers gift card promotions where you can earn cashback or rewards for buying or gifting cards.
6. Futures or Staking Trials
Binance sometimes offers free trials for futures trading or staking, allowing you to use trial funds to earn actual profits.
7. Affiliate Marketing
If you have a platform (e.g., blog, YouTube), join the Binance affiliate program to earn higher commissions from your referrals.
By consistently engaging with Binance's programs and promotions, you can accumulate rewards without needing upfront investment. Always check Binance's "Rewards Center" or announcements for the latest opportunities.
#CryptoReboundStrategy #AIAgentFrenzy #SUIHitsATH #Write2Earn
$BTC
The U.S. government has secured final approval in the Northern District Court of California to liquidate crypto's largest-ever federal seizure, signaling the closure of a complex four-year legal battle over billions in Bitcoin tied to the infamous Silk Road marketplace.
Chief U.S. District Judge Richard Seeborg denied a motion to block the forfeiture of 69,370 Bitcoin, clearing the Department of Justice to sell the $6.5 billion assets, according to a court document filed December 30.
Judge Seeborg is known for high-profile cases. He recently rejected arguments that Google, under Alphabet, adequately disclosed how it tracked user activity. The tech giant now faces a possible trial in August.
It's unclear why the document relating to the seized Bitcoin has surfaced this week. The DOJ has declined a request for comment.
The development confirms prior reporting in October last year when it appeared the U.S. government was free to sell the seized Bitcoin from a Silk Road-affiliated wallet.
Decrypt reviewed the court document following an initial report late Wednesday evening by DB News, which cited officials confirming the ruling.
The ruling alone doesn't guarantee immediate liquidation since federal asset forfeiture involves multiple administrative steps and potential appeal windows.
Portions of the seized Bitcoin have already been sold by the DOJ in recent months. On December 3, 2024, the U.S. government moved nearly $2 billion in Silk Road Bitcoin to Coinbase.
The government maintains a custody arrangement with Coinbase Prime through the U.S. Marshals Service (USMS), a division of the DOJ.
The U.S. government has secured final approval in the Northern District Court of California to liquidate crypto's largest-ever federal seizure, signaling the closure of a complex four-year legal battle over billions in Bitcoin tied to the infamous Silk Road marketplace.
Chief U.S. District Judge Richard Seeborg denied a motion to block the forfeiture of 69,370 Bitcoin, clearing the Department of Justice to sell the $6.5 billion assets, according to a court document filed December 30.
Judge Seeborg is known for high-profile cases. He recently rejected arguments that Google, under Alphabet, adequately disclosed how it tracked user activity. The tech giant now faces a possible trial in August.
It's unclear why the document relating to the seized Bitcoin has surfaced this week. The DOJ has declined a request for comment.
The development confirms prior reporting in October last year when it appeared the U.S. government was free to sell the seized Bitcoin from a Silk Road-affiliated wallet.
Decrypt reviewed the court document following an initial report late Wednesday evening by DB News, which cited officials confirming the ruling.
The ruling alone doesn't guarantee immediate liquidation since federal asset forfeiture involves multiple administrative steps and potential appeal windows.
Portions of the seized Bitcoin have already been sold by the DOJ in recent months. On December 3, 2024, the U.S. government moved nearly $2 billion in Silk Road Bitcoin to Coinbase.
The government maintains a custody arrangement with Coinbase Prime through the U.S. Marshals Service (USMS), a division of the DOJ.
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FOMCMeeting
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#FOMCMeeting
#FOMCMeeting UPDATE
The Fed just wrapped up their latest meeting—and let’s be honest, the only thing climbing faster than the interest rates was Powell’s blood pressure when someone mentioned “soft landing.”
Wall Street traders: “They didn’t cut? To the moon, baby!”
Powell, unbothered: “Did I stutter?”
Millennial homeowners: “Sooo... is now a good time to refinance?”
The Fed: “Yeah, hard no.”
Current market mood:
Stocks: Feeling themselves, strutting like they own the place
Bonds: Midlife crisis mode
Crypto: Throwing a 2021-style party
Gold: Zen and unbothered
Recession: Still waiting in the lobby, flipping through outdated magazines
Powell’s press conference summed up:
“We’re doing what’s necessary.”
Translation: “We’re just winging it with some fancy charts.”
Let’s be real—FOMC meetings these days feel like a crossover episode of Market Mayhem, FedSpeak 101, and Gen Z vs. Wall Street.
Catch you at the next one—bring snacks and maybe a therapist who understands macroeconomics.
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