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US Government Transfers $33M in ETH, BUSD, and SHIB, Seized From FTX

On December 3, the U.S. government moved $33.6 million worth of cryptocurrency seized during the collapse of FTX and Alameda Research to two unidentified addresses. The transfers involving tokens such as Ethereum (ETH), Binance USD (BUSD), Wrapped Bitcoin (WBTC), and Shiba Inu (SHIB) stirred curiosity across the digital asset sector. Details of the Transfers According to data from blockchain analytics firm Arkham Intelligence, the transactions included two significant transfers of 5,024 ETH and 3,739 ETH, valued at $18 million combined. The funds were sent to unknown addresses beginning with “0x9cd” and “0x9ac.” The wallet labeled by Arkham as “FTX Alameda Seized Funds” also moved $13 million in BUSD and $1.5 million in SHIB. Other cryptocurrencies were also involved in the transactions, including $36,070 worth of Axie Infinity (AXS), $106,430 in Compound (COMP), Numeraire (NMR) valued at $93,950, WBTC worth $50,710, and $47,350 in Yearn Finance’s YFI. The transfers coincided with a broader market rally, with nearly all of the tokens included in the transactions experiencing significant upticks over the last seven days. ETH is currently trading at $3,726, almost 28% lower than its all-time high but 9% up on its level from a week ago, and an increase of more than 50% compared to its value a month ago. On-chain Ethereum volume also hit a year-to-date high of $183.74 billion in November, with analysts attributing the surge to market participants reallocating capital from centralized exchanges to decentralized on-chain activities. More Government Crypto Activity This latest transfer follows another major movement of digital assets by the U.S. government. On Monday, a wallet labeled “U.S. Government: Silk Road DOJ Confiscated Funds” moved nearly $2 billion worth of Bitcoin (BTC) to Coinbase Prime. The platform has emerged as the government’s go-to service for cryptocurrency liquidations, especially with the stash seized from the darknet marketplace founded by Ross Ulbricht in 2011, continuing to play an important role in the narrative of Bitcoin’s price movements. Arkham Intelligence reported that the transaction involved 19,800 BTC being split between two wallets: one received 10,000 BTC worth $969 million, while the other was credited with 9,800 BTC valued at $949 million. These actions mirror similar movements reported in July, when the blockchain analytics company highlighted that another $2 billion worth of Bitcoin, also seized from Silk Road, was divided across separate wallets. At that time, nearly 28,000 BTC were split, with 19,800 coins valued at $1.3 billion sent to one wallet and 10,000 worth $670 million sent to another. The U.S. government maintains substantial Bitcoin holdings obtained through seizures and asset forfeitures. As of December 4, its digital asset holdings totaled $19.6 billion, and data shows that these include significant amounts of Bitcoin, Ethereum, USDT, WBTC, and BNB. The post US Government Transfers $33M in ETH, BUSD, and SHIB, Seized From FTX appeared first on CryptoPotato . The Daily Hodl

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Donald Trump Nominates Jared Isaacman as NASA Commissioner

President-elect Donald Trump announced on Dec. 4 that billionaire fintech CEO and astronaut Jared Isaacman would be nominated as the next commissioner of NASA, pending congressional approval. If confirmed, Isaacman will become NASA’s 15th administrator, succeeding Bill Nelson, a Florida Democrat. Isaacman is the CEO of Shift4, a fintech company that processes over $260 billion annually for more than 200,000 clients. He is also recognized for his collaboration with Elon Musk and SpaceX, a key commercial partner of NASA. In 2021, Isaacman financed and led the Inspiration4 mission, a private spaceflight aboard SpaceX’s Crew Dragon Resilience. He returned to space in September 2024 as commander of the Polaris Dawn mission, where he became the first private citizen to perform a “spacewalk.” Extensive Aviation and Business Background Before his space ventures, Isaacman was a certified pilot for various civilian and military aircraft, even flying in stunt formations as part of an aeronautical team. In the business realm, Isaacman co-founded Draken International, a defense aerospace company and U.S. Department of Defense contractor. Trump highlighted this experience in his Truth Social announcement, describing him as a dynamic leader in both business and aerospace. “I am delighted to nominate Jared Isaacman, an accomplished business leader, philanthropist, pilot, and astronaut, as Administrator of the National Aeronautics and Space Administration (NASA). Jared will drive NASA’s mission of discovery and inspiration, paving the way for groundbreaking achievements in space science, technology, and exploration,” Trump stated. Part of a Broader Transition Strategy Isaacman’s nomination comes amidst other major appointments by the Trump transition team. These include pro-crypto Paul Atkins for SEC commissioner, University of Maryland professor Michael Faulkender for deputy Treasury secretary, and potential moves to replace Pete Hegseth with Florida Governor Ron DeSantis as secretary of defense. Trump’s cabinet picks signal a mix of innovation and strategic leadership for his upcoming administration. The Daily Hodl