Lookonchain APP

App Store

According to DB News, the DOJ is cleared to sell 69,370 $BTC($6.58B) confiscated from Silk Road.

2025.01.09 10:29:57

According to DB News, the 🇺🇸DOJ is cleared to sell 69,370 $BTC($6.58B) confiscated from Silk Road.
https://x.com/lookonchain/status/1843692654653256195

Relevant content

Cryptocurrency Trading Platform Crossover Markets Completes $31 Million Series B Funding Round, Led by Tradeweb Markets

March 5th (Bloomberg) — Cryptocurrency execution platform Crossover Markets has closed a $31 million Series B funding round, led by Tradeweb Markets, with participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, XTX Markets and Illuminate Financial. Crossover differentiates itself by separating trade execution from custody and credit — a structural shift that reshaped the foreign exchange market years ago. Under the partnership, Tradeweb will leverage its proprietary algorithmic technology to process crypto orders from its institutional clients via Crossover’s platform, giving the major electronic trading firm direct access to the digital asset market.

2 minutes ago

Optimism has announced that it will cease support for op-geth and op-program on May 31st.

March 5 — Optimism announced via official sources that it will discontinue support for op-geth and op-program by May 31, 2026. During this transition period, security patches and critical bug fixes will still be released, but new feature development—including the upcoming Karst hard fork—will only proceed on op-reth. The fault proof mechanism for op-program will also be migrated to the kona-client; the current deployment is expected to remain in use until the Karst hard fork goes live. Chain operators must complete this migration during the Karst hard fork; otherwise, chains still running op-geth will fail to sync with the mainnet. Cannon-kona can operate within the existing op-node environment without relying on kona-node (the latter is an optional component). Node operators should migrate to op-reth as soon as possible to maintain network compatibility and access new feature support.

2 minutes ago

Iran Situation Update: US Senate Fails to Prevent Further Military Action Against Iran, Air Raid Sirens Sound in Tel Aviv, Israel

March 5 (Wednesday) U.S. Senate clears path for former President Trump to resume military strikes against Iran, enabling U.S. government to escalate the conflict Key updates on the Iran situation: - **Defense Secretary’s warning**: U.S.-Iran conflict could persist 8 weeks or more, with operations shifting to inland targets. U.S. B-2 stealth bombers are scheduled to arrive at a U.K. base within days. - **Iran’s response**: Denied reports of secret talks, accused The New York Times of waging psychological warfare. Officials emphasized time is on Iran’s side; the country is prepared for a protracted fight. Warned Israel’s Dimona nuclear reactor and all regional energy infrastructure will be targeted if the U.S. pursues regime change. - **Conflicting developments**: Kurdish militias launched a ground offensive in Iran; Israeli defense officials confirmed Iranian missiles are heading toward Israel (air raid sirens blared in Tel Aviv as missiles approached); a South Korean lawmake

2 minutes ago

BlackRock withdrew 4716 BTC and 21,147 ETH from Coinbase in the last 13 hours

March 5th — Onchain Lens monitoring data shows BlackRock’s crypto movements over the past 13 hours: - Withdrew 4,716 Bitcoin (≈$345.23M) from Coinbase to its address - Withdrew 33,231 Ethereum (≈$50M) from external sources, deposited 12,084 Ethereum (≈$25.04M) into Coinbase - **Total net inflow to BlackRock’s address:** 4,716 BTC (≈$345.23M) and 21,147 ETH (≈$45.46M)

2 minutes ago

Analyst: Institutional Spot Demand is Currently Bitcoin's Primary Price Driver

March 5th update: CryptoQuant community analyst Maartunn took to social media to note, “Bitcoin hit $74,050 this week—and this move isn’t random. Several metrics show institutional demand is driving the breakout: Coinbase’s premium reached $61 per Bitcoin, pointing to a sizeable influx of U.S. institutional buy orders, backed by order flow data.” Institutions have snapped up roughly $790 million worth of Bitcoin via TWAP orders—typically used by large funds to accumulate positions without moving the market—ranging from $10k to $1M in size. Technically, Bitcoin has reclaimed the $71,700 range high and extended its rally. A hold above this level would confirm the range breakout and keep the bullish trend intact. Still, risks remain: Leverage in the derivatives space has spiked, with $3.55 billion (+18%) in new leveraged positions for Bitcoin and $1.8 billion (+17%) for Ethereum. These fresh positions need ongoing spot demand to stay stable. If buying support fades, over-leverage

2 minutes ago

NVIDIA CEO: $30 Billion Investment in OpenAI 'Likely the Last,' Rules Out $100 Billion Investment

March 5 (Wall Street News) — NVIDIA CEO Jensen Huang said at the Morgan Stanley Technology, Media & Telecom Conference that the chipmaker’s recent $30 billion investment in OpenAI “may be” its last, as the AI firm plans to go public possibly by the end of this year. Additionally, Huang noted that the chance to invest $100 billion in OpenAI “may not come again,” making this potentially the last shot to back a company of such significance. NVIDIA’s $10 billion investment in OpenAI rival Anthropic may also be its final such move. Huang reiterated that AI computing power deployments have already delivered substantial profitable revenue to businesses — including major publicly traded data center operators like Microsoft. He argued that more computing power for these customers would drive faster revenue growth: a threefold increase in computing power could lead to a threefold revenue jump. He also mentioned that automated design software and system suppliers such as Cadence and Synopsy

2 minutes ago