US Eyes More Bitcoin as ETFs Hit 6-Month High
The US government may consider budget-neutral Bitcoin purchases, as ETFs see $5.7B May inflows. Retail investors remain inactive despite BTC’s record highs, while long-term holders increase outflows.
Kidnappers arrested for 2 week torture of tourist in NY luxury mansion to get Bitcoin keys
Two men kidnapped and tortured an Italian tourist in a NYC luxury mansion for 17 days to steal his Bitcoin. The case highlights rising real-world crypto crimes known as ‘wrench attacks’.
Stolen Crypto Traced: Ugandan Police Arrest Suspect in Blockchain Educator’s Abduction – Africa Bitcoin News
Ugandan police arrested Phineous Biira, a suspect in the abduction of crypto educator Festo Ivaibi, after tracing stolen cryptocurrency through blockchain forensics.
$345,000,000,000 Asset Manager Urges US To Get House in Order, Warns Debt Now Increasing Faster Than Economic Growth – The Daily Hodl
Guggenheim’s Jim Millstein warns the US faces fiscal disaster as debt grows faster than GDP, urging fiscal consolidation to address rising Treasury yields and unsustainable deficits.
Vietnamese Police Arrest Gang Accused of $394M Matrix Chain Scam – Decrypt
Vietnamese police arrested a gang behind the $394M Matrix Chain crypto scam, which defrauded 185,000 investors. The scheme promised high returns but delivered worthless tokens.
IMF Asks El Salvador to Purchase No More Bitcoin In Return for Upto $3.5B EFF
IMF conditions $1.4B loan to El Salvador on halting Bitcoin purchases and discontinuing Chivo wallet by July 2025, despite the country’s continued BTC accumulation and unrealized gains.
Ripple News: Spot XRP ETFs Move Closer to Reality
The SEC is reviewing the WisdomTree XRP Trust, a proposed spot XRP ETF. Approval could mark the first U.S. spot XRP ETF, offering traditional investors exposure to XRP without self-custody.
Blockchain Global Director Charged by ASIC Over Duty Breaches
ASIC charges Blockchain Global’s former director Liang Allan Guo with breaching directors’ duties related to ACX Exchange’s collapse, leaving $12.8M in unsecured customer claims.
Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’
White House crypto czar David Sacks suggests the US could buy more Bitcoin if funded budget-neutrally, without new taxes or debt. Current holdings exceed 198,000 BTC, valued at $21 billion.
ASIC Sues Former Blockchain Global Exec Over $20M in Unpaid Customer Claims – Decrypt
ASIC sues former Blockchain Global director Liang Guo for allegedly misusing $20M in ACX customer funds. The case follows a lengthy investigation into the collapsed crypto exchange, with co-director Sam Lee facing separate Ponzi scheme charges in the U.S.
