DeFI News by Thebittimes.Com

The US Department Of Justice (DOJ) has been cleared to sell 69,300 Bitcoin (BTC) worth nearly $6.5 billion. The BTC was seized from Silk Road, the now defunct dark web black marketplace. Also Read: Microsoft (MSFT) Gets $650 Target as Analysts Project Historic 2025 JUST IN: DOJ cleared to sell $6.5 billion worth of Bitcoin from seized Silk Road assets. — Watcher.Guru (@WatcherGuru) January 9, 2025 How Was The DOJ Cleared To Sell The Seized Bitcoin? Source: Watcher Guru The ownership dispute of the $6.5 billion worth of BTC was ongoing for years between the DOJ and Battle Born Investments. Battle Born lost its bid to delay the sale. According to Battle Born’s attorney, the development is “ another egregious example of the DOJ’s abuse of the Civil Asset Forfeiture process. “ The DOJ cited Bitcoin’s (BTC) price volatility as its reasoning for selling the seized assets. According to a DOJ spokesperson, “ The Government will proceed further consiste...

BTC's correction reveals a disconnect between pro traders' confidence and retail investors' skepticism amid regulatory shifts. Bitcoin (BTC) briefly reached $38,000 on Nov. 24 but faced formidable resistance at the price level. On Nov. 27, Bitcoin price traded below $37,000, which is unchanged from a week ago.  What is eye catching is the unwavering strength of BTC derivatives, which signals that bulls remain steadfast with their intentions. An intriguing development is unfolding in China as Tether (USDT) trades below its fair value in the local currency, the Yuan. This discrepancy often arises due to differing expectations between professional traders engaged in derivatives and retail clients involved in the spot market. How have regulations impacted Bitcoin derivatives? To gauge the exposure of whales and arbitrage desks using Bitcoin derivatives, one must assess BTC options volume. By examining the put (sell) and call (buy) options, we can estimate the prevailing bullis...