Now in Crypto, the US Justice Department is moving to Forfeit 127,271 Bitcoin, which costs nearly $ 14.4 billion, tied to a case of fraud. Meanwhile, the US started Bitcoin and Ether ETFs with a week with more than $ 750 million in the flow after Friday’s crash, and Bhutan moved the national ID system from Polygon to Ethereum.
US Gov’t may add $ 14B to crypto reserves as part of Forfeiture case
A US Federal Court did not remove a criminal accusation involving a massive method of fraud that could result in the government Increasing its national bitcoin reserve by $ 14 billion.
In a notice on Tuesday from the US Justice Department, the authorities Says They filed a complaint on Forfeiture against 127,271 Bitcoin (BTC), which costs nearly $ 14.4 billion at the time of publication. Bitcoin is tied to a accusation against Chen Zhi, founder and chairman of a Cambodia-based company that is said to be responsible for the murder of “pig killing” crypto investment schemes.
The US Department of the Treasury’s Office of Foreign Assets Control penalized the ZHI company, the Prince Holding Group, and its associates on the same day that the accusation did not fail.
According to the complaint, the US will look for Forfeiture in Zhi’s conviction in the US district court for the eastern District of New York, where he faces charges of wire conspiracy and money conspiracy. The Department of Justice said Bitcoin is “currently in the custody of the US government” in the middle of a criminal case.
If approved by the court following Zhi’s potential convincing, Bitcoin’s forfeiture represents one of the most significant additions of cryptocurrency in the US strategic reserve since its established. US president Donald Trump Set up Bitcoin and Crypto reserves Via Executive Order in March.
US SPOT BITCOIN, ETHER ETFS poured $ 755 million after crashing into the crypto market
Spot bitcoin and ether etfs in the United States The joint flow was detected of more than $ 755 million on Monday following record of liquid crypto over the weekend.
Bitcoin (Btc) ETFs recorded a net outflow of $ 326.52 million, according to Sosovalue data. Fidelity’s Bitcoin Fund (FBTC )’s wise source of Bitcoin Fund (FBTC) saw the largest flow to $ 93.28 million, while Grayscale’s Bitcoin Trust (GBTC) recorded a $ 145.39 million flow.
Other well -known funds, including Ark 21shares Bitcoin ETF (Arkb) and Bitwise Bitcoin ETF (BITB), have also posted a day -to -day flow of $ 21.12 million and $ 115.64 million, respectively. However, Blackrock’s Ishhares Bitcoin Trust (IBIT) has seen $ 60.36 million in streams.
As of writing, the total combined -joint streams remained at $ 62.44 billion, with total net assets in all BTC ETF areas reaching $ 157.18 billion, or 6.81% of the Bitcoin market cap. Generally, the funds Saw $ 2.71 billion in flow Last week.
Ether (Eth) ETFs registered $ 428.52 million in Monday. Blackrock’s Ishhares Ethereum Trust (ETHA) saw the largest sunny flow of $ 310.13 million, followed by Grayscale’s Ethereum Trust (ETHE) to $ 20.99 million, and Fidelity’s Ethero Fund (Feth) at $ 19.12 million.
Bhutan is moving to the National ID system in Ethereum
South Asian Bhutan country is Moving an ID system on its own ID In Ethereum from the Polygon, which allowed nearly 800,000 residents to verify their identities and access government services.
Integration with Ethereum was completed, while the transfer of all resident credentials would be expected to end by the first quarter of 2026, According to to the President of the Ethereum Foundation Aya Miyaguchi.
“It is seriously inspiring to see a country that has made power over its citizens with an excessive self -identity,” Miyaguchi Na -Post At X on Monday, the Ethereum integration was added to the world.
Incorporating a blockchain-based solution into the national government ID system has long been touting as a promising crypto use case, due to instability, transparency and privacy features, especially if zero-knowledge proofs are implemented.
