The Daily: 10,000 Silk Road BTC moved, Renzo enters Solana liquid restaking and more

• This bitcoin was originally received from a U.S. government wallet two weeks prior and has now been moved to a Coinbase Prime deposit wallet.
• The transferred bitcoin is likely part of the $2 billion worth of bitcoin confiscated by the Department of Justice from the Silk Road dark web market.
• Earlier in April, a similar test transaction involving a small amount of bitcoin was sent from a wallet holding over 30,000 BTC to Coinbase Prime.
• The U.S. government seized nearly 70,000 BTC connected to Silk Road, with a formal forfeiture mandate finalized by a U.S. appeals court at the end of 2023.
• These transactions suggest the U.S. government is in the process of transferring confiscated Silk Road bitcoin to Coinbase Prime, possibly for liquidation or other purposes.

Renzo enters Solana liquid restaking

• Renzo will be the first liquid restaking protocol on Jito's (re)staking platform, allowing users to mint ezSOL using JitoSOL as the underlying staked asset.
• Jito is a Solana liquid staking protocol that distributes staking and MEV rewards, and its platform supports a variety of staked assets for restaking.
• The launch of ezSOL on Jito's infrastructure is expected next month, aiming to enhance capital efficiency and support complex DeFi strategies on Solana.

Chuck Schumer to speak at Crypto4Harris town hall

• The event will feature a lineup of lawmakers, crypto insiders and public figures, including Reps. Ritchie Torres and Adam Schiff as well as billionaire Mark Cuban, among others.
• Schumer has previously voted to overturn Staff Accounting Bulletin 121, a controversial measure in the crypto industry.
• Crypto has become a significant issue in the upcoming election, with industry leaders supporting candidates like Trump, while Harris has begun reaching out to the crypto sector but has not yet publicly stated her position.

Bitget hires former Binance policy head as Chief Legal Officer

• He will oversee regulatory compliance, engage with regulators and support the company’s market expansion.
• Ng joined Bitget in April and previously served as General Counsel and Head of Government Affairs and Policy at Binance, managing regulatory cooperation and settlements globally.
• Before Binance, Ng worked at Uber, where he played a key role in the $2 billion merger of Uber's Southeast Asian business with Grab.

Crypto-AI firm Sahara Labs raises $37 million

• Pantera Capital and Polychain Capital co-led the financing, bringing its total funding to $43 million.
• The platform aims to democratize AI development by ensuring fair compensation, data sovereignty and secure trading of AI assets while promoting inclusivity and privacy.

In the next 24 hours

• The UK releases three Gross Domestic Product figures
• United States publishes Initial Jobless Claims 

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