BTC, ETH news: U.S. government moves $288 million in seized bitcoin, ether to Coinbase Prime

The U.S. government moved approximately $288 million in seized bitcoin and ether to Coinbase Prime on Monday, with bitcoin routed through intermediary wallets and ether transferred directly, according to blockchain data from Arkham. The transfers come despite a March 2025 executive order from President Donald Trump directing seized bitcoin into a Strategic Bitcoin Reserve with a prohibition on sales. While the movement to an exchange platform could indicate preparation for a sale, officials noted the transfers may also reflect custody arrangements or internal shuffling, and represent a minimal portion of the government's roughly $20.65 billion in total cryptocurrency holdings.