🚀The US government has transferred $1.9 billion in Bitcoin seized from Silk Road to Coinbase Prime

✅ The US government has just taken a significant step in the field of cryptocurrency asset management by transferring over 19,800 Bitcoin, worth approximately $1.9 billion, into the Coinbase Prime wallet on December 2. This Bitcoin is the result of seizures related to Silk Road, the once-thriving dark web marketplace that was dismantled by authorities.

💵 Specific developments regarding the $1.9 billion Bitcoin

✅ This case is directly connected to the investigation from 2021 into James Zhong, who was convicted of wire fraud. In 2022, the US Department of Justice seized over 50,000 BTC from Zhong, including a significant portion of the assets hidden in a popcorn box. Currently, the US government holds a large amount of Bitcoin, equivalent to about $18 billion, and occasionally transfers it between different wallets.

✅ As for the reason for transferring this Bitcoin, there is still no clear information about whether the government plans to conduct a transaction or sell these assets. This raises many questions in the context of some lawmakers, such as Senator Cynthia Lummis, proposing the establishment of a "strategic Bitcoin reserve" to manage and handle Bitcoin in the future.

✅ Since July 2023, the US Marshals Service has embarked on an important collaboration with Coinbase Prime to manage and safeguard seized cryptocurrencies, in which Bitcoin plays a special role.

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🪙 The Impact of Tether's Bitcoin and Gold Reserves

✅ Tether's active maintenance of reserves in Bitcoin and gold not only helps strengthen user confidence but also creates a significant impact on the cryptocurrency market. When Tether holds substantial liquid assets like Bitcoin and gold, it becomes an essential part of the cryptocurrency ecosystem, influencing the liquidity and value of these assets.

🚀 Bitcoin Reserves

✅ Tether currently holds over 82,000 BTC, with a total estimated value reaching billions of US dollars. Accumulating a large amount of Bitcoin helps Tether:

✅ Diversify reserves: Bitcoin is seen as a potential store of value that can withstand market fluctuations and inflation.
Increase liquidity: Bitcoin is an easily convertible asset in the cryptocurrency market, allowing Tether to respond quickly to USDT redemption requests.

✅ Build trust: Holding Bitcoin increases transparency and trust from the community, especially when Tether faces demands for reserve transparency.

🚀 Gold Reserves

✅ Tether also holds about 42 tons of gold, worth billions of US dollars, helping:

✅ Stabilize USDT's value: Gold is considered a safe asset, especially during times of economic uncertainty. Holding gold makes Tether's reserves less susceptible to price fluctuations of digital assets.

✅ Protect against inflation: With gold's value-retaining characteristics, Tether can ensure the long-term value of its reserves, providing protection for USDT even when fiat currencies depreciate.

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🪙 3 Notable Altcoins in the First Week of January 2025

✅ As we enter 2025, the cryptocurrency market is attracting strong attention from investors. In the context of many cryptocurrencies experiencing significant fluctuations at the end of 2024, three altcoins have emerged as promising candidates for future growth.

✅ In addition to internal factors, widespread adoption and partnerships with large organizations will also contribute to a boost for these coins. Investors are closely monitoring the situation of these altcoins as these factors could yield substantial profits in the future.

✅ Understanding the trends and fluctuations of the three current altcoins will help investors seize opportunities in a highly competitive and ever-changing market. This way, they can make informed decisions in their investment journey.

🚀 Cardano (ADA)
🚀 Celestia (TIA)
🚀 Tron (TRX)

See details at Crypto Tribe

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🪙 Tether Increases Bitcoin Reserves with 700 Million USD

✅ Tether, the leading stablecoin issuer of USDT, recently executed a large transfer transaction by moving 7,629 BTC, equivalent to approximately 700 million USD, to its Bitcoin reserve address. This transaction took place from Bitfinex's hot wallet on the morning of December 30, demonstrating a strategic move to further strengthen Tether's position in the cryptocurrency space.

✅ In March 2024, Tether made another notable transfer by sending 8,888.88 BTC, and this latest move marks one of the largest additions to the company's Bitcoin reserve fund since then.

🚀 Growth of Tether's Bitcoin Reserves

✅ According to on-chain data from Arkham, on December 30, Tether recorded an impressive increase in their Bitcoin reserves, now totaling 82,983 BTC. The total investment value is estimated at approximately 2.99 billion USD, with an average purchase price of 36,125 USD per Bitcoin. This is part of Tether's expansion strategy in 2023, as they decided to allocate up to 15% of their profits to invest in Bitcoin to capitalize on this growth trend.

👉👉 See details at Crypto Tribe

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🚀 Vietnamese Investors Face Challenges from Volatile Crypto Market

✅ The cryptocurrency (Crypto) market always attracts the attention of investors worldwide, and Vietnam is no exception. Recently, many investors in the Crypto community in Vietnam have struggled to adjust their portfolios to follow market trends, especially as the price of Bitcoin (BTC) has peaked while many Altcoins have yet to recover.

⭐ Increased Interest in Altcoins

✅ According to a report from BeInCrypto, data from Google Trends shows that interest from Vietnamese users in the keyword “Altcoin” has reached its highest peak in the past 5 years. This indicates that investors are very hopeful for an Altcoin season, with interest levels even surpassing the strong growth period of 2021-2022. This sentiment reflects great expectations for profitability from Altcoins, especially in the context of Bitcoin prices surpassing previous highs.

✅ A range of new technology cryptocurrencies such as StarketNet (STRK), ZKsync (ZK), Arbitrum (ARB), and Optimism (OP) have attracted strong attention from investors. However, many have fallen into a state of “FOMO,” as the value of these Altcoins has not yet reached previous all-time highs (ATH). While they await the recovery of Altcoins, capital flows have shifted towards meme coins, leaving many investors unable to recover their investments from prior holdings.
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🪙 Pavel Durov Founder of Telegram, First Interrogated in Paris Court

✅ On December 6, Pavel Durov, the founder of the famous messaging app Telegram, was interrogated for the first time in a court in Paris, France. This interrogation took place in the context of a legal investigation related to allegations that the app founded by Durov facilitated criminal activities.

🚀 Details About Pavel Durov's Interrogation

✅ Pavel Durov appeared in the Paris court at 4 PM Vietnam time, along with his two lawyers, David-Olivier Kaminski and Christophe Ingrain. According to information from Agence France-Presse (AFP), the interrogation mainly focused on allegations that Telegram has been used to conduct illegal transactions.

🚀 Legal Context

✅ Telegram founder Pavel Durov underwent his first interrogation at the Paris Court after being detained. Durov was released after posting a bail amounting to $6 million; however, he is still subject to restrictions on leaving French territory until March 2025. Prosecutors in France have made serious allegations against Durov, claiming that he has operated the Telegram platform, where they allege, many illegal activities have taken place.

See details on the Crypto Tribe page

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🪙Bitcoin Price Prediction: Continuous Growth Until April 2025

✅ Bitcoin (BTC), the largest cryptocurrency in the world, has set a new historical milestone as its price first surpassed the 100,000 USD mark on December 5.

✅ Since then, the price of BTC has experienced a pullback and is currently trading below this level. Despite the short-term correction, many analysts and experts in the cryptocurrency field predict that the price of bitcoin in this bull run will not stop and will continue at least until April 2025.

🚀 On-Chain Data Analysis

✅ To assess Bitcoin's growth potential in the near future, we need to consider some important on-chain indicators. One of the notable metrics is Net Unrealized Profit/Loss (NUPL), which plays a significant role in reflecting the health of the cryptocurrency market.

✅ NUPL measures the difference between unrealized profits and unrealized losses of Bitcoin investors. When NUPL is in the positive zone, it indicates that market sentiment is optimistic and the upward momentum may continue. Conversely, if this metric shifts to the negative zone, it may pose risks regarding Bitcoin's potential price decline.

✅ Monitoring NUPL along with other indicators, such as trading volume and wallet activity levels, will provide us with a broader perspective on Bitcoin's price direction. If NUPL continues to reflect stability and growth in unrealized profits, the possibility of Bitcoin's price reaching higher levels in the future is feasible.

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🪙 ETH Price Likely to Hit $3,300 Due to Many Positive Market Factors

🚀 Ethereum (ETH) price is currently receiving a lot of attention from investors, and is likely to hit $3,300 in the near future thanks to many positive market factors. Here are some of the main reasons for this trend:

✅ Technological advancement: Ethereum is constantly updating and improving its ecosystem through upgrades such as Ethereum 2.0. The transition from Proof of Work (PoW) to Proof of Stake (PoS) mechanism not only reduces energy consumption but also improves scalability and network performance.

✅ Growth of DeFi and NFT: The growth of decentralized finance (DeFi) applications and non-fungible tokens (NFTs) often built on the Ethereum platform, creating high demand for ETH. This could boost the value of ETH as more new projects launch.

✅ Widespread adoption: Many large companies and financial institutions are gradually adopting ETH in their operations, from investing in the coin to integrating blockchain solutions into their business models.

✅ Rising trading volumes: Trading volumes on exchanges are increasing, indicating interest from both retail and institutional investors.

✅ Monetary and macroeconomic policies: The current economic environment with low interest rates and fiscal stimulus measures from governments has led to a hunt for assets with potential to appreciate.

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🚀 The number of retail investors rushing into Bitcoin has reached a four-year high.

The Bitcoin (BTC) market is currently witnessing a strong comeback of retail investors, with demand far exceeding that of May 2020. This increase comes as Bitcoin heads towards the $100,000 mark, a price level that the cryptocurrency has faced significant challenges in the past.

⭐ Will the cash flow from retail investors be enough to push Bitcoin higher?

Market history has shown that Bitcoin prices tend to surge whenever demand from retail investors increases. Although "whales" and institutional investors still often play key roles in price fluctuations during the current cycle, according to recommendations from CryptoQuant, the situation may be changing.

⭐ Data also shows signs of positive change.

The retail investor demand index over the past 30 days has recorded a significant shift in the capital flowing into Bitcoin. Accordingly, the trading volume below $10,000 is increasing, indicating the growing influence of retail investors. Currently, this index has reached 27.15, the highest level in four years. The last time this index hit this level, the price of Bitcoin experienced a strong breakout from $9,500 to $37,000 in less than six months.

If history repeats itself, it can be said that BTC will have a chance to surpass the $100,000 mark in the near future.

#toccrypto $BTC

📣 4 Macroeconomic Events in the U.S. 🇺🇸 Affecting Bitcoin

✅ 1. GDP Report for Q3 2024.

On Wednesday, October 30, the U.S. Department of Commerce will release the Gross Domestic Product (GDP) report for Q3. According to forecasts, GDP may achieve an average growth rate of 3.2%, up from 3.0% in the previous quarter. Notably, according to an estimate model from the Fed Atlanta, the U.S. economy could grow as much as 3.3%.

✅ 2. Nonfarm Payrolls.

Nonfarm (or Nonfarm payroll) is an index measuring the change in the number of employees in the U.S. each month, excluding those in agriculture, household jobs, and the military. Typically, the U.S. Department of Labor releases the nonfarm index report on the first Friday of each month.

✅ 3. Earnings of Mega-cap Companies.

Earnings reports from large companies released this week will also be the focus of investors' attention. The reports will be released sequentially after the market closes (AMC) from major names like Alphabet (GOOGL), Microsoft (MSFT), Meta (META), Amazon (AMZN), and Apple (AAPL).

✅ 4. U.S. Presidential Election.

The U.S. presidential election is approaching, and the latest polling results indicate that the race between incumbent Vice President Kamala Harris and former President Donald Trump is very tight. According to a nationwide survey conducted by CNN/SSRS from October 20 to 23, both candidates currently receive 47% support from voters.

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