Huge Bitcoin Seizure: 14.2 Billion Ended up in US Reserve, But the Plan is at Risk
The US seized 127,000 BTCs linked to the Chinese 'Sha Zhu' scam and established the Strategic Bitcoin Reserve.
Bitcoin is a decentralized cryptocurrency that operates on a peer-to-peer network, allowing secure and transparent transactions without the need for intermediaries such as banks.
107 PostsThe US seized 127,000 BTCs linked to the Chinese 'Sha Zhu' scam and established the Strategic Bitcoin Reserve.
Despite widespread market panic and heavy sell-offs, two key indicators of investor demand - the Coinbase Premium and the Kimchi Premium - rose to multi-month highs, suggesting strong institutional and retail accumulation.
Financial leverage, low liquidity and macroeconomic tensions collided, wiping $16,700 off the price of Bitcoin in less than eight hours, a painful lesson in risk and reaction.
Investor activity in US-listed spot Bitcoin ETFs skyrocketed on 6 October, reflecting the continued growth of the BTC. The funds took in about $1.2 billion.
Record crypto seizure in the UK: $7.3 billion in Bitcoin (61,000 BTC) was confiscated from Chinese citizen Zhimin Qian, who swindled 128,000 people. The figure, equal to the entire existing government reserve, opens a debate on the creation of a UK Bitcoin Reserve.
Bitcoin lost key support at $115,000 following the Federal Reserve's rate cut, setting up a potential retest of the $105,500 support zone. The Bitfinex Alpha report reveals how derivative markets and leveraged traders amplified the recent slump.
Between 2023 and 2025, Italy saw crypto adoption double, Ferrari accept Bitcoin, Intesa Sanpaolo buy BTC and regulators introduce new tax rules and MiCA.

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