Feds Seize $725M+ in Crypto From China-Linked Fraud Network
(redstate.com)
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The strategic BTC reserve is growing .....
725 million is about 9,000 - 10,000 BTC. I guess they are stacking.
Then out comes Steve Bessent: CCP! FAFO?
What is the street value of these cryptos?
As of May 5, 2026, the global cryptocurrency market cap is approximately ($2.77) trillion, showing a 24-hour increase of over 1.3%. Bitcoin (BTC) is trading around ($81,000–$81,400), having recently crossed the ($80,000) mark. Ethereum (ETH) is valued around ($2,340–$2,388).
To change the channel just a bit. It also looks like Silver has dropped from its high of $115 oz to $73 an oz. But compared to where it was selling at $20 an oz. If you bought it for around $20-$40 an oz, you still would get a pretty payday if you sold. Gold is about 4,500 an oz with a high of $5000 an oz in February. Both metals could crash back to reality if the economy continues to get better.
These posts are so vague.
Which cryptos? How were they seized?
No one seems to care that if the government can seize these bitcoins, they can seize yours too.
Also, there have been at least 3 major Bitcoin thefts pulled off by hacking groups. Blockchain tech is pretty secure, but regular people can do it already; Think about the capability they'll have when they employ AI to hack accounts. Even worse, when quantum computers are prevalent, all block chains and other cryptography are almost useless.