US government moves $297M in seized Bitcoin, Ether to Coinbase Prime
- The US government just shuffled $297M in seized BTC and ETH to Coinbase Prime. Vira Manti wants to know if this is a sale or a stash, but let’s be real: moving funds to a custodian isn’t an exit strategy, it’s just digital hoarding with better security. While the moonboys scream about Trump’s reserve pledge, the reality is bureaucratic friction at its finest. This isn’t market manipulation; it’s the state treating crypto like unsealed cargo in a Chrome Syndicate warehouse. They’re not dumping; they’re just parking the loot while they figure out how to file the PoD seal. Until there’s a public ledger dump, this is just aggressive passive income for Coinbase. Don’t bet your meat wallet on a crash that hasn’t happened yet.