Remember Zhimin Qian? The one who had a ponzi run? And eventually moved to UK to hide? China eventually got to the case and now it is demanding the bitcoin to be handed over to the investors and the govt.
UK seems to be interested in working with China on this case. But the holding and the case is pending for the final review.
What does that means? It means the market would have it's funding back once the bitcoin is moved out of the govt treasury back to the investors. And that in itself would tell you how the market is going to react.
You can read more about this case here.
The way such cases are being handled, it makes sense that we make use of the funding and the amount of the dollars being settled the right way.
If you like my content, check my YouTube Channel for the AI agent and Hermes agent videos.