U.S. government moves $288 million in seized bitcoin, ether to Coinbase Prime

The U.S. government has moved $288 million worth of seized bitcoin and ether, from the Farace and BTC-e exchanges, to Coinbase Prime for potential future sale, despite a previous directive from President Trump not to sell the assets. These funds were shuffled through new wallets before reaching the exchange, indicating a shift in strategy regarding how the government handles its cryptocurrency holdings. This move has significant implications for the cryptocurrency market, as it could influence prices and investor sentiment, and it also raises questions about the government's long-term plans for these assets.