Bloomberg analysts predict that the chances of approval for altcoin ETFs are 90% for LTC, 70% for SOL, and 65% for XRP

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According to Forbes, earlier this month, prosecutors in the Western District of Texas ordered the seizure of slightly more than 749 bitcoins worth approximately $62.5 million. This command also involves hundreds of thousands of various currencies, as well as gold coins and bars. According to the US Department of Justice, these assets are related to illegal activities carried out by two men, one of whom is a drug dealer on the Silk Road and the other assisting him in laundering cryptocurrency. They transferred the Bitcoin obtained through Silk Road transactions through multiple different accounts and exchanged it for cash through LocalBitcoins. Part of the funds ultimately flowed into the cryptocurrency exchange Gemini, which reported these deposits to law enforcement. This seizure indicates that although Silk Road founder Ross Ulbricht was granted amnesty one day after President Trump took office and has now become a free man, those who sell drugs on dark web websites are still under investigation, and the US government is still pursuing their illegal gains.

BlockBeats News: On March 13th, according to the Wall Street Journal, according to insiders, representatives of US President Trump have invested in the cryptocurrency trading platform Binance The US has held negotiations, which may include the Trump family holding shares or conducting transactions through World Liberty Financial. The article states that Trump is increasingly blurring the line between the presidency and business activities, and engaging in business transactions with Binance's largest shareholder CZ seeking government pardon will result in unprecedented overlap between his business and government. For the Trump family, holding Binance The US stake will give them the opportunity to participate in the potential revival of the US cryptocurrency trading market, as the cryptocurrency industry is thriving as the US government lifts regulatory threats. Binance. US experienced a sharp decline in business after regulatory actions, and around Trump's election victory last year, Binance began exploring a return to the US market. According to informed sources, the company has expressed willingness to reach an agreement with Trump's company and hopes to resolve its legal issues. After Trump's election victory, Binance established a working group led by CEO Richard Teng, which included senior legal and compliance personnel, to evaluate various options. The Wall Street Journal stated in an article that last month, the US Securities and Exchange Commission (SEC) requested the court to suspend the fraud lawsuit against Sun and its three companies after Justin Sun became its largest investor in World Liberty Financial. According to a source familiar with the matter, Binance executives are discussing internally whether to adopt the same approach: injecting funds into World Liberty Financial in exchange for CZ's amnesty.

According to The Information, as banks' attitudes towards cryptocurrencies warm up, Bank of New York Mellon (BNY) is expanding its services for stablecoin issuer Circle. According to informed sources, the bank will allow some customers to transfer funds to or receive payments from Circle via BNY for the purchase or sale of Circle's stablecoins. Previously, Circle's customers had to use small banks in the United States to transfer money to Circle, which could limit the scale of the stablecoin company's development. This new arrangement facilitates the creation and redemption of Circle stablecoins, which can help New York based Circle promote wider adoption of its stablecoins pegged to the US dollar by other traditional financial institutions. BNY and Circle will continue to work hard to bridge the gap between traditional finance and digital finance, and explore how to deepen our relationship to benefit financial markets, "the two companies said in a joint statement The report states that these changes will help make Circle more attractive to investors before a possible initial public offering (IPO). The collaboration with BNY is noteworthy as the company is a Global Systemically Important Bank (G-SIB), a regulatory name that puts it under particularly strict supervision. Using large American banks like BNY is a way for Circle to differentiate itself from competitors like Tether. Some insiders have stated that BNY has received approval from the New York State Department of Financial Services to provide Circle with a wider range of payment services. By providing services to Circle, BNY may also attract more cryptocurrency related deposits. Insiders have previously stated that the company has been discussing providing banking services with more cryptocurrency companies, but has been cautious and only collaborates with the safest companies.