US Government Wallet Don Collect 76.56 ETH through Coinbase
On August 21, one official US government wallet receive 76.56 ETH (around $332,000) from Coinbase. Dis Ethereum recovery dem link to 2021 Uranium Finance hack. US authorities catch $31 million stolen assets come February 2025 and dem still dey recover funds years after di exploit. Di US government wallet now get 1,358 ETH (approximately $5.83M) plus different altcoins, for total balance of $34.71M. Dis Ethereum recovery show di ongoing on-chain asset recovery wahala and e show how regulators and centralized exchanges like Coinbase dey work together.
Neutral
Di transfer of 76.56 ETH go US government wallet sho active asset recovery, but e no mean say government dey buy new or demand don increase. The past recoveries like Silk Road and Mt. Gox seizures no really affect Ethereum market price wella. Traders no go change their strategy because recovered assets dey enter government custody. For short term, market impact go neutral cos the funds dey usually hold, dem no dey sell am. Long-term consequences dey limited unless government wan liquidate or redistribute the recovered Ethereum.