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US government moves $297M in seized Bitcoin and Ethereum to Coinbase Prime custody platform

Market News
14 Jul 2026
Blockonomi
View Source
Neutral
pluang ai news

Federal authorities transferred about 3,940 Bitcoin (worth $244 million) and 30,014 Ethereum (worth $53 million) to Coinbase Prime this week. These assets come from criminal seizures linked to Ryan Farace, the BTC-e exchange, and a money laundering case involving an Oracle employee. The move consolidates government crypto holdings on a professional custody platform but does not necessarily indicate plans to sell, especially given Trump’s 2025 directive prohibiting Bitcoin sales in the Strategic Bitcoin Reserve. The government’s crypto assets remain substantial, valued at around $20.5 billion, mostly in Bitcoin. Analysts view this as a reorganization rather than liquidation until further evidence emerges.

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PMN310 shows dose-dependent reduction of toxic amyloid-beta oligomers in humans, advancing Alzheimer's treatment.

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