Crypto weekly: Latest Financial Report Shows Elon Musk’s Tesla Holds 9,720 Bitcoin (BTC) Strongly; U.S. plans to sell $130 million of Bitcoin seized in connection with Silk Road.

Welcome to our cryptocurrency events review. The last few days were full of interesting news from the world of digital assets. Next week also promises to be full of events that may affect the overall market picture.

Review of the past week:

January 24, 2024

Judge refused to let Binance founder Zhao travel to UAE despite his offer to use equity as security.
Zhao had offered to post his $4.5 billion in Binance equity as security for his return to the U.S., a new criminal court filing reveals. Read more

January 25, 2024

Latest Financial Report Shows Elon Musk’s Tesla Holds 9,720 Bitcoin (BTC) Strongly.
Tesla shared its Q4 2023 earnings report and confirmed that the company has been strongly holding its Bitcoin for the last 6 months. Read more

January 25, 2024

U.S. plans to sell $130 million of Bitcoin seized in connection with Silk Road.
The U.S. government previously seized the funds from a Xanax seller and a former U.S. agent. Read more

January 25, 2024 SEC delays decision on Grayscale’s proposal for spot Ethereum ETF again, with order to institute proceedings and seek public comment.
The agency asked for public comments on Thursday on how to move forward with the proposed Grayscale Ethereum Trust. Read more
January 26, 2024 Bitcoin’s price gains push BlackRock’s ETF above $2 billion in assets under management.
Bitcoin’s rising price on Friday is spurring BlackRock’s spot bitcoin ETF to become the first of the new products to reach $2 billion in assets under management. Read more


What’s coming up for us this week:

January 31, 2024 Fed Interest Rate Decision.
Federal Open Market Committee (FOMC) members will announce the interest rate on January 31, 2024, at 07:00 P.M. UTC. Read more


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Best regards,
FYBIT team