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US Government Moves Half a Billion Worth of Crypto in Just Few Hours

FROM THE WIRE · U.TODAY

Blockchain analytics platform Onchain Lens said that the U.S. government has moved around $565.87 million in seized crypto to Coinbase Prime over a few hours.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishUS government transferred seized crypto to Coinbase Prime; signals potential supply pressure on crypto markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The US government moved approximately $565.87 million in seized crypto to Coinbase Prime.
  2. 02The transfer occurred over a few hours according to blockchain analytics platform Onchain Lens.
  3. 03The operation may signal a future sale of crypto assets by the government.

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