US Government Moves $288M in Seized Bitcoin and Ether to Coinbase Prime

The US government transferred roughly $288 million in seized bitcoin and ether to Coinbase Prime, igniting speculation of a potential sale despite an executive order barring sales. SEC Chair Paul Atkins called on the Senate to pass the CLARITY Act to strengthen US crypto and AI leadership. Robinhood Chain exploded with memecoin activity after its tokenized-stock launch, South Korea announced a tokenized government bond pilot, the stablecoin market contracted by $10 billion, and spot Bitcoin ETFs recorded $424.7 million in net outflows. Meanwhile, Hyundai completed a seven-minute stablecoin cross-border payment, Circle's EURC hit a post-MiCA activity record, and Aave selected Chainlink CCIP for its upcoming multi-chain app.

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U.S. moves $288M in seized BTC and ETH to Coinbase Prime Government wallets sent about $288 million in bitcoin and ether from the Farace and BTC-e seizures to Coinbase Prime. The bitcoin was routed through intermediary wallets first, while ether went direct, despite a March 2025 executive order directing seized bitcoin into a strategic reserve and barring sales. 1

SEC Chair Atkins urges Senate to pass CLARITY Act for crypto SEC Chair Paul Atkins said the Digital Asset Market Clarity Act is essential for US leadership in digital assets and artificial intelligence. The bill, which passed the House, awaits a Senate floor vote. 2

Robinhood Chain thrives on memecoins; Uniswap auctions go live Robinhood's Ethereum layer-2, built for tokenized stocks, has pulled in $135 million in TVL since July 1, but memecoins like CASHCAT dominate activity. Uniswap launched its Continuous Clearing Auctions on the chain, enabling onchain token sales. 3 4

South Korea to pilot tokenized government bonds on blockchain The Ministry of Economy and Finance will test tokenized deposits for government spending in Q4 2026 in Sejong, using the Bank of Korea's CBDC system. A full regulatory framework for tokenized securities is expected by February 2027. 5

Stablecoin market cap falls $10 billion from May peak Aggregate stablecoin supply settled near $312 billion in June, a 3% decline from May high. Tether's USDT dropped from about $190B to $184B and Circle's USDC from around $80B to $73B. 6

US spot Bitcoin ETFs record $424.7 million in net outflows Fidelity's FBTC led outflows with $245.6M and BlackRock's IBIT with $185.5M. VanEck HODL and Grayscale Mini Bitcoin Trust posted small inflows, but the aggregate turned negative. 7

Hyundai completes seven-minute cross-border payment via USDT Hyundai Motor America converted $20,000 to Tether's USDT and sent it over Avalanche to Mexico, settling in minutes versus hours for traditional banking. A second European pilot with USDC and Visa is planned for July. 8

Circle's EURC stablecoin hits record activity after MiCA deadline Daily active addresses for EURC surged to 1,760 and new wallets to 713 per day, as unregulated stablecoins were delisted from European platforms. Circle is benefiting from MiCA's strict rules. 9

Aave adopts Chainlink CCIP for cross-chain multi-chain app Aave Labs selected Chainlink's Cross-Chain Interoperability Protocol to power cross-chain deposits, withdrawals, and vault rebalancing across Ethereum, Base, and Arbitrum. CCIP already supports GHO transfers and DAO governance. 10