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US government moves $297M in seized Bitcoin and Ether to Coinbase Prime, signaling a new crypto asset strategy

Market News
13 Jul 2026
Crypto Briefing
View Source
Neutral
pluang ai news

The US government transferred about $297 million in seized Bitcoin and Ether to Coinbase Prime, marking a shift from public auctions to institutional custody. These assets, linked to past criminal cases including the BTC-e exchange and drug trafficking seizures, are now held on a regulated platform offering OTC trading and custody services. This move aligns with the 2025 Strategic Bitcoin Reserve policy, suggesting a more deliberate management of crypto holdings rather than immediate liquidation. Investors should watch for potential OTC sales, but the transfer may also simply be a custody consolidation without imminent selling.

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Madonna and MISTR host CLUB CONFESSIONS NYC to celebrate dance, LGBTQ+ culture, and HIV prevention.

Madonna and MISTR host CLUB CONFESSIONS NYC to celebrate dance, LGBTQ+ culture, and HIV prevention.

Madonna returned to New York City to celebrate her No.1 album Confessions II with CLUB CONFESSIONS, a nightlife event co-hosted by MISTR that highlights dance music, queer culture, and HIV prevention. The event featured performances by Madonna and co...

Others
Bullish
1 hour ago
Autonomix Medical raises $2.6M through warrant inducement agreement with investor.

Autonomix Medical raises $2.6M through warrant inducement agreement with investor.

Autonomix Medical has entered a warrant inducement agreement with an investor for the immediate exercise of outstanding warrants, raising approximately $2.6 million. The investor will purchase 428,731 shares at a reduced price of $6.00 per share. In ...

Company Fundamentals
Bullish
2 hours ago
Law firm probes Richemont for not refunding tariff-driven price hikes after Supreme Court invalidated tariffs

Law firm probes Richemont for not refunding tariff-driven price hikes after Supreme Court invalidated tariffs

Edelson Lechtzin LLP is investigating Richemont for allegedly raising prices on luxury goods due to tariffs imposed under the Trump administration and failing to refund customers after the U.S. Supreme Court ruled those tariffs unlawful in February 2...

Market News
Bearish
2 hours ago
Erasca prices $550M upsized public offering to fund cancer drug development

Erasca prices $550M upsized public offering to fund cancer drug development

Erasca, a clinical-stage oncology company, priced an upsized public offering of 31.4 million shares at $17.50 each, raising approximately $550 million before expenses. The funds will support research and development of therapies targeting RAS/MAPK pa...

Company Fundamentals
Neutral
4 hours ago
Chainlink lead says XRP still lacks real-world financial adoption, sparking debate.

Chainlink lead says XRP still lacks real-world financial adoption, sparking debate.

Zach Rynes, the Chainlink community lead, stated that XRP has yet to achieve meaningful adoption within the global financial system. This comment reignites ongoing discussions about the practical use and acceptance of XRP as a financial asset. The de...

Market News
Bearish
4 hours ago
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