From Cointelegraph

June 1, 2025 2:45 am:

An auction of Silk Road founder Ross Ulbricht’s personal belongings raised over $1.8 million worth of Bitcoin. Items included pre-arrest personal effects and prison memorabilia. Ulbricht’s final prison ID card sold for 11 BTC. A collaborative painting by Ulbricht and a fellow prisoner fetched 1.01 BTC. Bidders had to deposit 1% of their bid as collateral. Final payments due by June 2, preferred in Bitcoin.

Ulbricht may have access to approximately 430 BTC, worth around $47 million, from dormant wallets likely tied to him. These wallets have been inactive for over 13 years and were never seized by authorities. Blockchain analytics firm Arkham Intelligence confirmed the wallets’ connection to Ulbricht. One wallet alone holds over $9 million in BTC.

Read more at Cointelegraph.com

1. Tesla CEO Elon Musk announced the company’s purchase of $1.5 billion in Bitcoin, causing the cryptocurrency’s value to surge by 17% to a record high of $44,220.

2. The European Central Bank expressed concerns about the potential risks associated with stablecoins, stating that they could disrupt financial stability and monetary sovereignty.

3. A survey conducted by the Bank for International Settlements found that 86% of central banks are exploring the possibility of launching their own digital currencies, with many citing the need to adapt to changing payment landscapes.

4. The US Department of Justice announced the recovery of $2.3 million in Bitcoin paid as ransom by Colonial Pipeline to DarkSide hackers, highlighting the risks of using cryptocurrencies in criminal activities.: Ross Ulbricht Auction Nets $1.8M in Bitcoin