Arkham Intelligence reported 10,000 bitcoin, worth over $600 million, moved to a Coinbase Prime wallet.
This bitcoin came from a U.S. government wallet two weeks ago and is currently in a Coinbase Prime vault.
The Bitcoin sent may be part of the $2 billion the Department of Justice seized from the Silk Road dark web business.
A wallet with over 30,000 BTC submitted a tiny sum of bitcoin to Coinbase Prime in April as a test transaction.
A U.S. appeals court ordered the seizure of approximately 70,000 Silk Road BTC in 2023.
These transfers show the U.S. government is moving seized Silk Road bitcoin to Coinbase Prime for liquidation or other reasons.
Renzo, an Ethereum liquid restaking technology, is launching the ezSOL coin in Solana with the Jito Foundation.
Renzo will be Jito's first liquid restaking protocol, enabling users to mint ezSOL using JitoSOL as the staked asset.
Jito, a Solana liquid staking system, distributes staking and MEV payouts and facilitates restaking multiple staked assets.
Next month, Jito's infrastructure will debut ezSOL to improve capital efficiency and enable complicated DeFi plans on Solana.
The crypto exchange Chief Legal Officer Hon Ng joined Bitget.
He will monitor compliance, work with authorities, and expand the company's market.
Before joining Bitget in April, Ng was Binance's General Counsel and Head of Government Affairs and Policy, leading worldwide regulatory cooperation and settlements.
Ng helped Uber's Southeast Asian unit combine with Grab for $2 billion before joining Binance.
