Investment
Features
FeesSafety
Academy
More
Pluang+

US government wallets moved $103M in Bitcoin and BNB to Coinbase Prime, raising market sale questions.

Market News
07 Oct 2026
Tokenpost
View Source
Neutral
US government wallets moved $103M in Bitcoin and BNB to Coinbase Prime, raising market sale questions.

On October 7, wallets linked to the US government transferred 833.6 Bitcoin worth about $71.56 million and 40,285 BNB valued at $31.63 million to Coinbase Prime, totaling roughly $103 million. Coinbase Prime, selected by the US Marshals Service for custody and trading of federal digital assets, may hold these assets for administrative or trading purposes. It is unclear if the Bitcoin is part of the Strategic Bitcoin Reserve, which is not to be sold, or another federal program. Blockchain data alone does not confirm any sale of these assets, leaving market impact uncertain.

U.S. government-linked wallets moved $71.6 million in Bitcoin to Coinbase. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 07, 2026 13:21 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell. EOS rose 8.13% to Rp12.649 with a typical hold time of 87 days. ZIL fell 7.48% to Rp60 with 72% buy order activity. FIL dropped 7.41% to Rp19.565 with 56% sell order activity.

More News

DeFi yield aggregator Beefy ends Sonic products as TVL drops from $1B to under $100M in 2025

DeFi yield aggregator Beefy ends Sonic products as TVL drops from $1B to under $100M in 2025

Beefy, a DeFi yield aggregator, has discontinued its Sonic products, integrations, and validator services after the total value locked (TVL) on the Sonic network fell sharply from over $1 billion in May 2025 to below $100 million by December 2025. Th...

Protocol Fundamentals
Bearish
4 hours ago
A Hyperliquid address closed a $31.6M Bitcoin long position of 376.137 BTC.

A Hyperliquid address closed a $31.6M Bitcoin long position of 376.137 BTC.

A Hyperliquid address identified as 0x344fef...af5d closed a long position of 376.137 Bitcoin, worth about $31.6 million. The position was closed at an average price of around $84,020 per BTC, close to Bitcoin's market price of $84,040 at the time. T...

Market News
Neutral
4 hours ago
SUI token trades near $1.20 amid resistance and mixed market signals after recent recovery.

SUI token trades near $1.20 amid resistance and mixed market signals after recent recovery.

The SUI token traded around $1.20 on October 7, showing resistance near $1.205 and fluctuating within a narrow range after recovering from about $0.64. Market momentum indicators were mixed, reflecting broader altcoin weakness with a 2% drop in total...

Technical Signals
Neutral
4 hours ago
Binance completes Stargate Finance token migration to LayerZero at 1 STG = 0.08634 ZRO

Binance completes Stargate Finance token migration to LayerZero at 1 STG = 0.08634 ZRO

Binance has finalized the migration of Stargate Finance (STG) tokens into LayerZero (ZRO) at a conversion rate of 1 STG for 0.08634 ZRO. Users who held STG tokens on Binance have received ZRO tokens accordingly and can check their distribution record...

Protocol Fundamentals
Neutral
4 hours ago
Ethereum layer-2 blockchain Abstract to shut down Dec 15, 2026 after heavy losses and low user growth

Ethereum layer-2 blockchain Abstract to shut down Dec 15, 2026 after heavy losses and low user growth

Abstract, a layer-2 Ethereum blockchain operated by Igloo Inc., will cease operations on December 15, 2026, after losing tens of millions of dollars over 18 months. Despite processing over 325 million transactions and partnering with brands like Disn...

Market News
Bearish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App