💸 Silk Road Bitcoin moves; New tokenized Bitcoin product.
Silk Road Bitcoin Moved by Government: The US Government transferred 10K BTC, worth $593.5M, from the Silk Road seizure to Coinbase Prime. This move follows an earlier transfer of the same amount to wallet bc1ql, raising significant attention.
Coinbase Teases New Product: Coinbase hinted on X at launching a new tokenized bitcoin product, cbBTC, similar to its cbETH product. The product will allow bitcoin to be held on Ethereum and Layer 2 chains, with a 1:1 backing with real BTC.