{"id":2591,"date":"2026-07-14T17:03:47","date_gmt":"2026-07-14T17:03:47","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=2591"},"modified":"2026-07-14T17:03:47","modified_gmt":"2026-07-14T17:03:47","slug":"inside-u-s-governments-20-6b-crypto-wallet-stash-and-what-comes-next","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=2591","title":{"rendered":"Inside U.S. Government\u2019s $20.6B crypto wallet stash and what comes next"},"content":{"rendered":"
\n

\ud83d\udcf0 Exclusive Crypto News & Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n

\ud83d\udcc8 Market Update:<\/strong> Real-time price movements, technical analysis, and trading signals.<\/p>\n

\n

On the 14th of July, the US government transferred about $288.33 million worth of Bitcoin and Ethereum to Coinbase Prime. According to Arkham Intelligence, the deposits were linked to three different criminal forfeiture cases.<\/span><\/p>\n

\"US\"US<\/a>
Source: Arkham<\/figcaption><\/figure>\n

Among them were darknet drug trafficker Ryan Farace (\u201cXanaxman\u201d), the now-defunct exchange BTC-e, and Brian Krewson, a former Oracle employee connected to a $54 million crypto laundering scheme.<\/span><\/p>\n

As anticipated, the transfers have garnered attention. A government sale would appear to conflict with US President Donald Trump\u2019s March 2025 executive order establishing the Strategic Bitcoin Reserve.<\/span><\/p>\n

Will this impact BTC and ETH?<\/span><\/h2>\n

On-chain data showed the government did not move the funds in a single transaction.<\/span><\/p>\n

The much larger $288.33 million batch of Bitcoin (BTC)<\/a> was transferred a few hours after an earlier, smaller transfer of about $8.78 million. <\/span><\/p>\n

Combined, the two deposits moved almost $297 million in a single day, making it one of the biggest government-related cryptocurrency movements of the year.<\/span><\/p>\n

Yet despite the transfer, the wallets still contain about $20.65 billion, which includes 324,552 BTC, 28,394 ETH, and 145.549 million USDT.<\/span><\/p>\n

\"wallets\"wallets<\/a>
Source: Arkham<\/figcaption><\/figure>\n

Though this might instill fear of bearish impact on the token, so far, the response has been subdued. In fact, at the time of writing, Bitcoin and Ethereum (ETH)<\/a> were trading at $62,522.88 and $1,780.83, respectively. <\/span><\/p>\n

This confirms that large transfers made on Coinbase Prime don\u2019t always affect spot prices like they would in a retail exchange dump because it is an OTC and custody trading venue rather than a public order book. <\/span><\/p>\n

Sell-off or just routine reshuffling?<\/span><\/h2>\n

Nevertheless, this transfer is merely a standard reorganization and does not allude to a sell-off. This is because Coinbase Prime also manages custody, financing, and staking for institutional clients, so simply putting the Farace and BTC-e coins onto an exchange does not guarantee a sale.<\/span><\/p>\n

Additionally, earlier transfers this year also did not immediately result in obvious exchange selling, and the most recent movement comes after a string of smaller transfers seen throughout 2026.<\/span><\/p>\n

In June, for instance, the government transferred<\/a> seized FTX Chainlink tokens to Coinbase Prime, and in May, it transferred seized Alameda altcoins. <\/span><\/p>\n

However, neither transaction resulted in a verified sale. In January, there were rumors of a Bitcoin sale connected to Samourai, but it never happened after a similar Coinbase Prime deposit.<\/span><\/p>\n

Meanwhile, on the 17th of June, the Royal Government of Bhutan transferred 533 Bitcoin<\/a>valued at $34.5 million, to Binance. <\/span><\/p>\n\n

Final Summary <\/span><\/h2>\n
    \n
  • The recent whale movement was linked to three different criminal forfeiture cases.<\/span><\/em><\/li>\n
  • Despite the transfer, the wallets still contain 324,552 BTC, 28,394 ETH, and 145.549 million USDT.<\/em><\/li>\n<\/ul><\/div>\n

    \ud83d\udca1 Pro Tip:<\/strong> Bookmark our site for daily insights, market predictions, and expert trading strategies.<\/p>\n

    \ud83d\udd17 Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    \ud83d\udcf0 Exclusive Crypto News & Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. On the 14th of July, the US government transferred about $288.33 million worth of Bitcoin and Ethereum to Coinbase Prime. According to Arkham Intelligence, the deposits …<\/p>\n","protected":false},"author":1,"featured_media":2592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[10],"tags":[345,1098,358],"class_list":["post-2591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-crypto","tag-crypto-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2591"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/2591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/2592"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}