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Silk Road
Silk Road Founder Ross Ulbricht Pardoned by President Trump
The Silk Road founder in 2015 had been sentenced to life in prison without the possibility of parole.

Market Fears of Potential Selling Pressure From Possible Silk Road Sale is Overblown: Van Straten
Since September, the market has absorbed over 1 million bitcoins, while the price has gone from around $60,000 to over $100,000.

Silk Road Bitcoin Worth Nearly $2B Moved to Coinbase Prime
The transfer could spark selling pressure in the market as it indicates that the U.S. government is preparing to sell or has already sold the assets.

Donald Trump More Likely to Pardon Jan. 6 Protestors Than Silk Road Founder: Polymarket
The President-Elect promised pardons for the protestors and to commute Ulbricht's sentence when he was on the campaign trail.

Bitcoin Falls After U.S. Sends $240M Worth of Silk Road-Related BTC to Coinbase
About 4k bitcoin had been seized from narcotics trafficker Banmeet Singh at his January 2024 trial.

Silk Road Bitcoin Worth $2B Moved by U.S. Government: On-Chain Data
The last confirmed government sale was just more than a year ago.

Jimmy Zhong Arrest Details Revealed in New Report
Zhong is now serving a one-year sentence related to the theft of bitcoin from the Silk Road marketplace.

Criminal Defense Attorney Reacts to Tornado Cash Indictment, SBF's Defense Strategy
Two Tornado Cash developers face allegations of money laundering and sanctions violations. Tully & Weiss Criminal Defense Attorney Joseph Tully discusses his reaction, drawing parallels to the legal considerations of Napster and Silk Road. Plus, what to make of the latest developments around Sam Bankman-Fried as the FTX founder settles on a defense strategy ahead of his criminal trial this October.

Bitcoin Reaction as Inflation Eases; Could Elon Musk Rival ChatGPT Next?
“CoinDesk Daily” host Jennifer Sanasie discusses the hottest stories in crypto, including bitcoin's reaction after the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Plus, on-chain data reveals how much Silk Road-linked bitcoin the U.S. government recently moved. And, Elon Musk announces his new AI company, xAI, that states its mission is to "understand the true nature of the universe."

Silk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data
The U.S. government previously sold 9,861 bitcoin for $216 million in March.
