ChainCatcher message, "Silk Road" founder Ross William Ulbricht is currently serving a life sentence in a U.S. federal prison. He posted on the X platform for the first time after the U.S. elections, expressing, "I sincerely thank everyone who voted for President Trump. I believe he will keep his promise and give me a second chance. After spending over 11 years in the dark, I finally see the light of freedom at the end of the tunnel. Thank you all very much."

ChainCatcher news, according to CoinDesk, based on predictions from Polymarket, the January 6 protesters are more likely to receive a pardon during Trump's second presidential term than Ross William Ulbricht, the founder of the Silk Road, but the probability gap is not large. Polymarket bettors give the January 6 protesters a probability of 86% for receiving a pardon, while Ulbricht's probability is 78%.Trump has publicly stated that the January 6 protesters are patriots who have been trapped by a "dual justice system," which is said to unfairly target his supporters, just as he believes he is facing politically motivated charges. He described the events of January 6 as a "loving day," claiming that his supporters were merely responding to a "manipulated" election.During his campaign, Trump promised that if elected again, he would reduce Ulbricht's sentence to time served (which is different from a pardon) and pardon the defendants from January 6, stating that these actions reflect his opposition to government overreach and support for individual freedom.

ChainCatcher news, GSR analysts point out that Bitcoin's unpredictable price fluctuations are still primarily driven by market sentiment rather than fundamental factors. The monetary policies of the Federal Reserve and the Bank of Japan are worth noting, and the upcoming economic data or market information from the U.S. is also worth paying attention to, as the U.S. is moving towards a soft landing, which GSR believes is a positive catalyst for cryptocurrencies.Another factor that may put pressure on Bitcoin is the potential sale of nearly 69,000 Bitcoins (worth about $4.2 billion) by the U.S. government, which were seized from the Silk Road market.GSR analyst Brian Rudick warns investors not to overlook the potential impact. "This could create some downward pressure on the market." Additionally, market observers are now focusing on four key factors that could influence Bitcoin's price: the U.S. elections, central bank monetary policies, the U.S. economy, and the U.S. government's potential sale of Bitcoins seized in the Silk Road case.

ChainCatcher news, Lookonchain reported that the U.S. government seems to be free to sell the 69,370 bitcoins seized from Silk Road. This follows the U.S. Supreme Court's refusal on October 7 to hear Battle Born Investments' case regarding the ownership of the 69,370 BTC (approximately $4.33 billion) seized from Silk Road, thus allowing the government full control over the seized funds.The last time the U.S. government moved BTC was 2 months ago, when it transferred 29,800 BTC (approximately $2.02 billion), of which 10,000 BTC (approximately $594 million) was moved to Coinbase Prime.The U.S. government currently holds 203,239 BTC (approximately $12.63 billion), of which the 69,370 BTC (approximately $4.33 billion) related to Silk Road has been dormant in the wallet "bc1qa5" for 4 years.

ChainCatcher news, according to Protos, the U.S. Supreme Court has declined to hear an appeal regarding 69,370 bitcoins related to Silk Road, effectively lifting restrictions on the sale of bitcoins worth $4.4 billion. Due to a lower court's order for the U.S. government to "dispose of the seized defendant's property according to law," U.S. Marshals or other agencies may soon receive court instructions to liquidate a large amount of bitcoin stolen from Silk Road.Battle Born Investments purchased bankruptcy claims after Ross Ulbricht's dark web market Silk Road shut down in 2013. Battle Born claims to possess bitcoins seized from "Individual X," who allegedly stole the bitcoins from Silk Road. The disputed wallet has now been emptied and is held by the U.S. government, awaiting court instructions.Battle Born has requested a hearing on its claims, asserting that it is "an innocent owner of the defendant's property by virtue of its status as a purchaser of bankruptcy assets." However, since the nine justices will not hear the case during this term, the U.S. District Court's forfeiture order is likely to prevail. Although some procedures and legal reviews still need to be completed before the U.S. government can actually sell the bitcoins, due to the Supreme Court's rejection, U.S. Marshals may auction off additional billions.

ChainCatcher news, blockchain data from Arkham Intelligence shows that the U.S. government transferred 10,000 seized bitcoins (BTC) related to Silk Road to the institutional platform Coinbase Prime on Wednesday.Analysts indicate that deposits to exchanges typically signal an intention to sell assets, but in this case, the transfer may be for custodial reasons, as the U.S. Marshals Service, a branch of the Department of Justice, announced last month a partnership with Coinbase Prime to "safeguard and trade" large digital assets.According to court documents, the government last confirmed the sale of Silk Road assets in March 2023, when it sold 9,861 tokens for $216 million. The government outlined plans in the documents to sell the remaining assets in four batches that year, but there have been no subsequent contracts regarding the sales since then.

ChainCatcher news, according to a post by Arkham on the X platform, a U.S. government-associated address starting with bc1ql transferred 10,000 BTC to a Coinbase Prime wallet 1 hour ago, worth approximately $593.5 million.It is reported that bc1ql received 10,000 BTC from a known U.S. government wallet two weeks ago, which belongs to funds seized during the Silk Road enforcement action.

ChainCatcher news, on X, on-chain analyst @ai_9684xtpa stated that addresses marked by the U.S. government transferred approximately $2 billion worth of BTC. The address that transferred about 29,800 bitcoins was used to store some of the tokens seized from Silk Road in November 2020 (a total of 69,369 coins), with the last operation occurring four months ago. This operation may be for selling or just a routine fund transfer, as there was also a wallet fund transfer operation on April 2; the specifics will depend on subsequent developments.

ChainCatcher news, according to on-chain data, 13 minutes ago, the "U.S. Government: Silk Road DOJ Seized Funds" wallet transferred approximately 29,799 BTC to an address starting with bc1qs, worth about $2.02 billion. The U.S. government currently holds 183,439 BTC, worth approximately $12.3 billion.

ChainCatcher News: Former U.S. President Donald Trump stated at the Bitcoin 2024 conference that he once again commits to reducing the sentence of Silk Road founder Ross Ulbricht if elected president.

ChainCatcher news, according to Bitcoin.com, U.S. presidential candidate Robert F. Kennedy Jr. recently expressed strong support for Silk Road founder Ross Ulbricht in a post on X.Kennedy believes that Ulbricht's life sentence for creating the e-commerce platform Silk Road is excessively harsh. If elected president, he would pardon Ulbricht. Additionally, Kennedy announced his intention to sign a petition calling for Ulbricht's release and urged others to join the initiative.Recently, former U.S. President and presidential candidate Donald Trump also promised to release Ross Ulbricht.

ChainCatcher news, Silk Road founder Ross Ulbricht stated on X: "Last night, Donald Trump promised that if elected again, he would reduce my sentence on the first day. Thank you. Thank you. Thank you. After spending 11 years in prison, it's hard to express how I feel at this moment. Thanks to your unwavering support, I have the possibility of a second chance."Previous news, Trump promised to pardon the Silk Road founder if elected.

According to ChainCatcher news, as per CoinGecko market information, influenced by Donald Trump's commitment to pardon the "Silk Road" founder, FreeRossDAO (FREE) surged over 200% in a short time, now priced at $0.0003698.Previous report stated that former U.S. President Donald Trump promised at the Libertarian National Convention in Washington, D.C. that if he is re-elected, he will commute the sentence of Ross Ulbricht, the founder of "Silk Road," on the first day. Ulbricht was sentenced to two life terms plus 40 years in 2015 for creating and operating the "Silk Road" darknet marketplace, effectively a life sentence without the possibility of parole. "Silk Road" operated from 2011 to 2013 and was primarily used for the anonymous sale of drugs, widely regarded as the first real use case for Bitcoin. Trump stated that Ulbricht has served 11 years, saying, "We want to bring him home." Many in the audience held up "Free Ross" signs, cheering enthusiastically at Trump's promise.

ChainCatcher news, according to CoinDesk, former U.S. President Donald Trump promised at the Libertarian National Convention in Washington, D.C. that if he is re-elected president, he will commute the sentence of "Silk Road" founder Ross Ulbricht on his first day in office. Ulbricht was sentenced in 2015 to two life sentences plus 40 years for creating and operating the "Silk Road" darknet marketplace, effectively a life sentence without the possibility of parole. The "Silk Road" operated from 2011 to 2013 and was primarily used for the anonymous sale of drugs, widely regarded as the first real use case for Bitcoin. Trump stated that Ulbricht has been incarcerated for 11 years, "We want to bring him home." Many in the audience held up "Free Ross" signs, cheering enthusiastically at Trump's promise.

ChainCatcher news, according to Scopescan monitoring, the Estonian government has decided to extradite Ivan Turogin and Sergei Potapenko to the United States in January. After transferring BTC related to Silk Road, the U.S. government has transferred over 600 BTC (over 40 million USD) to a new address in the past 3 days.

ChainCatcher news, according to a report by The Block Pro citing Arkham data, the "Silk Road DOJ seized funds" wallet that previously transferred 0.01 Bitcoin as test funds to Coinbase Prime has again transferred 2000 Bitcoins to the same Coinbase Prime address, amounting to approximately 139 million dollars.

ChainCatcher news, according to The Block Pro, the wallet labeled as "Silk Road DOJ seized funds" transferred 0.001 BTC to a Coinbase Prime wallet as a test transaction, and the wallet contains 2 billion dollars worth of Bitcoin.

ChainCatcher news, according to bitcoinist, Banmeet Singh, a British operator of the Silk Road dark web marketplace, has pleaded guilty in the United States. This case involves the largest Bitcoin (BTC) seizure in history by the U.S. Drug Enforcement Administration (DEA), involving approximately 8,100 bitcoins valued at around $150 million.According to the U.S. Department of Justice investigation, customers used Bitcoin or other cryptocurrencies to purchase drugs on Singh's vendor site. From mid-2012 to July 2017, Singh controlled eight distribution points in the U.S., which received drug shipments from overseas, repackaged the drugs, and distributed them to all 50 states in the U.S., as well as Canada, England, Ireland, Jamaica, Scotland, and the U.S. Virgin Islands.It is reported that Singh was arrested in London in April 2019 and was extradited to the United States in 2023.