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The US government's mysterious $2 billion Bitcoin transfer to an unknown wallet has sent shockwaves through the crypto wallet.

Here’s what we got for you today:

• 🤯 US government moves billions in Bitcoin!

• 🗣️ Elon Musk's latest crypto revelations!

• 🧱 Around The Block: Kamala Harris meets with Ripple and Coinbase on cryptocurrencies.

🤯 US Government Moves Billions In Bitcoin!

It's happening again, guys!

Remember when Germany caused chaos in the crypto market by moving its bitcoin reserves and triggering a market plunge?

Well, hold on to your seats because the US government has just pulled a similar move!

They sent $2 billion in Bitcoin linked to the old Silk Road dark web marketplace to a new, unknown wallet.

And get this – it all went down right after Donald Trump declared plans for a national "strategic Bitcoin stockpile" at Bitcoin 2024, where he pledged the government would no longer sell seized Bitcoin if he got elected.

Right after this news broke, Bitcoin's price took a hit, plummeting over 2% from $70,000 to $66,845 in just an hour!

And the crypto community?

Well, they’re in a frenzy, with most on Twitter (now X) expressing their outrage and confusion.

Even Galaxy Digital's Mike Novogratz weighed in, calling the timing "dumb" considering Trump's recent pledge.

But here's the thing — No one knows if the US intends to sell the transferred Bitcoin.

Some speculate it could just be that — a harmless transfer operation, especially since the US Marshals Service has teamed up with Coinbase to handle their crypto assets.

However, the US Department of Justice remains tight-lipped.

Adding to the panic is the fact that the receiving wallet's identity still remains a mystery, making it almost impossible to guess or even determine what their next move could be.

Plus, given the US government's history of selling seized Bitcoin, it's hard not to wonder if they're about to stir up even more chaos than Germany did!

We recommend you keep a close eye on this development. 👀

To learn more, click here!

🗣️ Elon Musk's Latest Crypto Revelations!

Elon Musk dropped a major bombshell about cryptocurrencies during a recent appearance on the X Takeover podcast.

Despite recognizing some merits, Elon says he’s not going to be promoting crypto, including Bitcoin!

And if he does, it will be in a joking way.

This statement might be significant because Elon’s comments have influenced crypto markets in the past.

In 2021, Tesla invested $1.5 billion in Bitcoin and briefly accepted it for payments, and this boosted Bitcoin’s credibility and price at first.

But then Tesla later pulled the plug on Bitcoin payments due to environmental concerns about cryptocurrency mining's energy-intensive process.

Tesla still holds Bitcoin in its reserves, though.

And there’s even talk of Elon potentially integrating crypto payments into Twitter, but nothing is confirmed.

As for Dogecoin, it has always been Elon’s favorite!

He confessed that he’s got a soft spot for Dogecoin because he likes dogs and memes and even calls it “the people’s crypto”

However, he hasn’t been actively posting about Dogecoin recently, even though Tesla and SpaceX still accept it for merchandise.

So, what do you think of all this? Will Elon’s comment impact the market in any way?

Read more on this story here!

🧱 Around The Block

• Kamala Harris meets with Ripple and Coinbase on cryptocurrencies.

• U.S. national debt hits an all-time high of over $35 trillion.

• Senator Lummis proposes the U.S. buy 1M Bitcoin to reduce national debt.

• Ethereum staking reaches record 28% as scarcity drives market anticipation.

• SEC extends review period for Bitcoin Trust Options trading proposals.

• Are NFTs securities offerings? Two artists sue the SEC to find out.

That's all we've got for you today.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.