US Government Transfers $12.36M in ETH, USDC and USDT to Coinbase Prime on July 14

ETH6.00%
USDC-0.04%
BTC3.59%
According to Arkham Intelligence, the U.S. government transferred $12.36 million in ETH, USDC and USDT to Coinbase Prime on July 14 via six transactions. The transfers included 5,939 ETH worth $11.15 million and $296,710 in USDT to Coinbase Prime, while $901,005 in USDC went to an unlabeled address that Arkham has not yet identified. The movement represents approximately 0.06% of the government's $21.22 billion tracked crypto portfolio and follows Monday's transfer of roughly 3,941 BTC to Coinbase Prime, marking two consecutive days of onchain activity from wallets linked to seized criminal assets.
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