Yesterday saw some rather incredible headlines as the U.S. government announced it would sell $118 million of Bitcoin, and OneCoin’s lawyer was sentenced to 10 years in prison. But as is always the case in crypto, there is so much beneath each headline to unpack, often revealing that things are not always as they seem. So, today, we look at why the U.S. government’s BTC sale isn’t a big deal and why Bitwise’s complete wallet transparency is worrying!

Further reading:

• OneCoin lawyer sentenced to 10 years in prison — Turner Wright
• Bitwise Bitcoin ETF wallet attracts inscriptions and rare sats donations — Prashant Jha
• Why are Bitcoin Ordinal inscription tokens ORDI, SATS crashing? – Yashu Gola
• US govt’s planned $118M Bitcoin sale is ‘peanuts’ compared to GBTC — Jesse Coghlan

References:

• $3.4B of Bitcoin in a popcorn tin: The Silk Road hacker’s story - Elias Ahonen

So, grab yourself a coffee, and let’s get into it!

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