Ross Ulbricht, the man once behind the Silk Road dark web marketplace, has turned artifacts from his prison years into a multimillion-dollar Bitcoin windfall.
Following his recent release, Ulbricht auctioned off personal items through a Bitcoin-only marketplace, netting over $1.8 million despite a market dip.
The most valuable item was his prison ID card, which sold for 11 BTC. Other memorabilia, including his worn sneakers, handwritten notebook, and prison-issued clothing, attracted competitive bids from collectors and crypto enthusiasts eager to own pieces of one of Bitcoin’s most infamous stories.
Beyond prison gear, Ulbricht also listed several oil paintings he created while incarcerated. One of them, titled Archway, brought in just over 1 BTC, while two others combined for 1.4 BTC. His artwork offered a more personal and creative glimpse into his time behind bars, and bidders responded enthusiastically.
The sale occurred amid broader changes in the regulatory climate. With U.S. authorities softening their stance on some crypto-related cases, including dismissals against privacy tool developers, the environment seems to be shifting. Ulbricht, now back in the public eye after receiving a pardon from former President Donald Trump, made his first post-release appearance at the Bitcoin 2025 conference, thanking supporters and speaking onstage alongside key figures in the industry.
What once marked the downfall of a crypto outlaw has now become a symbol of rebirth—and profitable redemption.
President Donald Trump announced a sweeping 50% tariff on Brazilian imports, citing political persecution of former President Jair Bolsonaro and rising concerns over digital censorship.
As cryptocurrency adoption accelerates worldwide, so too does the frequency and sophistication of online threats. Richard Teng, CEO of Binance, has sounded a clear warning: the safety of digital assets hinges not just on exchange security but also on individual user responsibility.
Ripple has chosen global banking giant BNY Mellon to act as the primary custodian for reserves backing its enterprise-grade stablecoin, Ripple USD (RLUSD).
Goldman Sachs now expects the Federal Reserve to begin cutting interest rates sooner than previously anticipated, forecasting the first reduction as early as September 2025.