Mystery 300 BTC Transfer to Ross Ulbricht: Unraveling the Source
A sudden transfer of 300 BTC (worth approximately $31.4 million) to Ross Ulbricht’s donation wallet has sparked widespread speculation about its origin. Blockchain investigator ZachXBT confirmed that the funds did not originate from Ulbricht himself but were routed through Jambler, a lesser-known centralized mixing service. This revelation dispels theories suggesting the re-emergence of a hidden Silk Road stash. Ulbricht, currently serving a double life sentence plus 40 years, remains a polarizing figure in the cryptocurrency community. The transaction has reignited discussions about Bitcoin’s anonymity and the ethical implications of such donations. As of June 3, 2025, the BTC price stands at 104,253.62 USDT, reflecting the ongoing volatility and intrigue surrounding the world’s leading cryptocurrency.
Mystery 300 BTC Sent to Ross Ulbricht: Hidden Stash or Donation?
A sudden transfer of 300 BTC (worth approximately $31.4 million) to Ross Ulbricht’s donation wallet has sparked speculation about its origin. Blockchain investigator ZachXBT confirmed the funds did not come from Ulbricht himself but rather through Jambler, a lesser-known centralized mixing service. This contradicts theories of a hidden Silk Road stash resurfacing.
Ulbricht, serving a double life sentence plus 40 years for operating the dark web marketplace Silk Road, was pardoned by former President Donald Trump in January. His case continues to draw attention, with this latest transaction reigniting debates about his legacy and unresolved crypto ties.
Separately, Ulbricht recently auctioned personal items—including a prison ID card that fetched 5.5 BTC—raising over 11 BTC in total. The 300 BTC donation now dwarfs those efforts, leaving the sender’s motives unclear.
How Will Cryptos Fare in Historically Quiet June?
Bitcoin’s rally faltered in early June after a record-breaking May, with the token retreating from its all-time high of $111,000 to hover NEAR $104,000. The pullback mirrored broader risk-off sentiment as trade tensions and geopolitical uncertainty weighed on global markets.
Despite the slowdown, cryptocurrencies outperformed traditional assets in May, buoyed by institutional adoption and supportive U.S. policy. The S&P 500’s 6% monthly gain—its best May since 1990—paled next to crypto’s surge, though equities remain within striking distance of record highs.
Seasonal trends suggest caution: June has historically been weak for risk assets. Yet structural tailwinds—from Wall Street’s embrace to regulatory clarity—continue to fuel long-term Optimism for digital assets.
Riot Platforms Expands Beyond Bitcoin Mining with Data Center Veteran Hire
Riot Platforms (RIOT) has appointed Jonathan Gibbs as Chief Data Center Officer, signaling a strategic pivot from pure-play Bitcoin mining to broader data infrastructure opportunities. The 15-year industry veteran has designed over one gigawatt of global data center capacity, including recent leadership roles at Prime Data Centers.
The MOVE capitalizes on Riot’s existing 1.7 gigawatt power capacity to develop facilities supporting cloud services and AI workloads. CEO Jason Les describes the expansion as an aggressive response to booming demand for computing infrastructure—a trend that’s seen multiple mining firms diversify into AI-related ventures.
Free Bitcoin Cloud Mining Surges in 2025: 12 Top Platforms for Passive Crypto Income
The cloud bitcoin mining industry has experienced explosive growth in 2025, with revenues doubling and global hashrate increasing by 68% year-over-year. This surge is driven by AI-powered mining optimization, sustainable energy adoption, and clearer regulatory frameworks.
Leading the charge is FioBit, an AI-driven platform offering eco-friendly operations, flexible contracts, and daily payouts. The service provides a $100 free mining bonus for new users, exemplifying the no-cost entry points now available in this rapidly evolving sector.
Twelve prominent platforms have emerged as top contenders for passive Bitcoin earnings without hardware investment. While FioBit’s AI optimization stands out, other services offer varying combinations of technological innovation and user incentives.
Bitcoin Momentum Wanes as Profit-Taking Accelerates
Bitcoin’s upward momentum is showing signs of fatigue as on-chain data reveals a shift in investor behavior. Glassnode’s latest metrics indicate a sharp decline in Momentum Buyers, with the Relative Strength Index (RSI) for this cohort dropping to -20—a clear signal of dwindling buying pressure.
Concurrently, Profit Takers have surged to an RSI of -77, marking the most aggressive profit-taking activity since late May. This dual trend typically precedes periods of price consolidation or correction, with BTC currently testing key support levels.
The cryptocurrency’s network dynamics now reflect a classic bull market breather. Long-term holders are redistributing coins to new entrants, creating what analysts describe as a ’volatility compression’ phase. Such conditions often resolve with either a breakout or breakdown, depending on macroeconomic catalysts.
