Bitcoin is expected to drop to $52,000 today News: The US government sold 69,370 bitcoins.

The US government debt crisis, from the Zhao Changpeng incident, on October 9, the US government sold 69,370 bitcoins. In 2024, the global hedge fund BlackRock recently sold 182 bitcoins. According to relevant data, analysts expect Bitcoin to fall to the $40,000 level because the Fed’s interest rate cut is imminent. From the analysis of the wallet addresses of major Bitcoin holders on October 9, the top investment in Bitcoin continues to sell, and the analysis predicts that the second and third major drops to the $40,000 level are coming.

According to the latest disclosure of LookOnchain, the world-renowned hedge fund BlackRock has recently made some moves and sold 182 bitcoins worth about $11.34 million. However, the analysis company also pointed out that despite some reductions, BlackRock currently holds more than 369,640 bitcoins, with a total value of more than $23 billion, and is very strong. What is even more remarkable is that while BlackRock is reducing its holdings of Bitcoin, it has actively increased its holdings of Ethereum. Source of this article: Binance Exchange

According to TechFlow, on October 9, Coinspeaker reported that the US government recently gained full control of 69,370 bitcoins in the Silk Road case, worth about $4.38 billion in bitcoin sales. Due to the US government debt problem, the US government took over and investigated some big holders of Bitcoin again.

Global well-known cryptocurrency exchange Binance was ordered to pay $4.3 billion (£3.4 billion)
Changpeng Zhao, founder of the world-renowned cryptocurrency exchange, was sentenced to four months in prison in a federal court in Seattle. Changpeng Zhao was accused of allowing criminals to launder money on his platform. In November 2023, Changpeng Zhao pleaded guilty to money laundering charges and resigned as CEO of Binance. Binance was ordered to pay $4.3 billion (£3.4 billion) after a US investigation found that Binance helped users bypass sanctions.

Billionaire investor Christian Angermayer has reportedly left the UK for Lugano, the Bitcoin center in Switzerland, citing plans by the UK to increase offshore wealth taxes.

According to Bloomberg on September 27, German-born Angermayer was considered a “non-British citizen” while living in the UK, which allowed him to avoid British taxation on overseas income and gains for up to 15 years.

However, in March 2024, this period was shortened to 4 years, and now the Labour Party led by Prime Minister Keir Starmer wants to cancel the inheritance tax benefits for overseas trust assets.

“The planned reform of the non-British domicile framework is a huge mistake,” Angermayer said, claiming that it would be “a bigger act of national self-harm than Brexit.” This article comes from cointelegraph

Sam Bankman-Fried, a once-popular cryptocurrency entrepreneur, was sentenced to 25 years in prison on Thursday for massive fraud. His fraud scam collapsed with the collapse of the digital currency exchange platform FTX. FTX was once one of the most popular digital currency exchange platforms in the world.