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- 🌙 DOJ Moves 30K BTC Connected to Silk Road Seizure
🌙 DOJ Moves 30K BTC Connected to Silk Road Seizure
More than 30,100 bitcoin linked to the Silk Road hack and under the control of the US government appeared to be on the move Tuesday.
Mike Gavela
April 02, 2024
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Crypto Roundup - Apr 2
The Department of Justice (DOJ) has made a significant move by transferring 30,000 BTC, originally seized in the Silk Road operation, signaling potential legal actions or asset management strategies related to the infamous dark web marketplace. Concurrently, the cryptocurrency market is witnessing notable fluctuations, with Grayscale experiencing over $302 million in outflows, contributing to a downturn in Bitcoin ETFs. Amid these developments, Paradigm is capitalizing on the bullish crypto market by aiming to raise up to $850 million for a new fund, potentially marking one of the largest fundraises since the 2022 crypto market downturn.
Top stories:
DOJ moves 30,000 BTC connected to the Silk Road seizure, hinting at ongoing legal and financial management strategies concerning assets tied to criminal activities in the digital currency space.
Grayscale faces significant outflows, with over $302 million leaving its trust, impacting Bitcoin ETFs and highlighting investor sentiment and market dynamics in the cryptocurrency investment landscape.
Paradigm seeks to raise up to $850 million for a new fund amidst a bullish crypto market, underlining the sector's recovery and investor confidence following the 2022 market challenges.
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TOP STORIES
FUNDRAISES
We are thrilled to announce that we have raised a $12 million Seed round, led by @dragonfly_xyz.
Agora is building next-generation payments and asset infrastructure for the transmission of value on blockchain-based rails.
— Agora (@AgoraDollar)
2:02 PM • Apr 2, 2024
we're excited to announce our $4 million seed round led by @Maven11Capital
it's a pleasure to be aligned with investors who believe in the future Camp is building for onchain consumers ⛺️
— Camp Network (@Camp_L2)
7:14 PM • Apr 2, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
If the Fed keeps rates steady, then federal interest expense will increase $500B throughout the year.
If the Fed cuts rates by 1.5% then they will increase interest expense by only $100 billion. But if they do that, they increase the risk of oil price re-acceleration.
— Lyn Alden (@LynAldenContact)
7:34 PM • Apr 2, 2024
Do network fundamentals justify #Solana's 12mth 800% price performance? Based on Fee generation relative to its own history and vs. its peer networks, Yes.
Fee generation is up 9x since 2021 peak, while active users (DAUs) have tripled since September. DAUs are still 40% below… twitter.com/i/web/status/1…— Jamie Coutts CMT (@Jamie1Coutts)
12:20 AM • Apr 3, 2024
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