The crypto market showed some encouraging signs over the weekend, despite Coinbase showing a significant discount on its Bitcoin and Ethereum prices. This suggests that Coinbase users are net sellers, possibly due to concerns about the 69,330 bitcoins seized by the U.S. government in connection with the Silk Road case. However, we believe it is very unlikely that the government will liquidate these bitcoins anytime soon.

We will dive deeper into this later. First, let us cover the major news from the past week.