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Will Bitcoin crash? The answer is YES, if the U.K. has its say so. British officials are preparing to dump a crypto fortune of over 61,000 BTC ▲0.40% tied to a busted Chinese Ponzi scheme onto the market. The U.K. just never gets any breaks, does it? This is the largest crypto seizure ever liquidated … Read more
In a move that underscores the strategic value of Hong Kong’s regulatory autonomy, Beijing has established its first formal process for liquidating confiscated cryptocurrencies—tapping into Hong Kong’s licensed exchanges to offload digital assets seized in criminal cases. The arrangement highlights the stark policy divide between mainland China’s hardline anti-crypto stance and Hong Kong’s ambitions as … Read more
Key Takeaways Chinese local governments are selling seized crypto assets to support public finances amid an economic slowdown. An estimated 15,000 Bitcoin worth $1.4 billion were held by Chinese local governments by the end of last year. Share this article China’s authorities are tapping private firms to sell crypto assets seized from illegal activities to … Read more
21Shares just announced it will be liquidating two of its exchange-traded funds after a routine review. 21Shares has announced plans to liquidate two of its exchange-traded funds that invest Bitcoin (BTC) and Ethereum (ETH) futures. Specifically, it will liquidate the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and the ARK 21Shares Active On-Chain Bitcoin Strategy … Read more
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