๐น BitMine purchased an additional 69,822 ETH for $195 million last week.
The company holds 3,629,701 ETH, worth $10.1 billion, with an average purchase price of $2,840.
๐๏ธPRNewswire
๐ช๐บ The ECB states that stablecoins could destabilize the financial system by diverting retail deposits from eurozone banks.
According to ECB analysts, a run on stablecoins could lead to a massive sell-off of reserve assets, affecting US Treasury markets and potentially triggering a financial crisis without coordinated global regulation.
๐๏ธECB
๐จ In the next 6 days, 5 spot ETFs will be listed for altcoins.
The Dogecoin, XRP, and LINK ETFs from Grayscale, Bitwise, and Franklin Templeton.
๐๏ธEric Balchunas
JUST IN: ๐บ๐ธ๐จ๐ณ President Trump accepts invitation to visit Beijing in April and invites President Xi Jinping for a US state visit later that year.
JUST IN: ๐บ๐ธ Senator Cynthia Lummis slams JPMorgan for its anti-crypto policies.
"Policies like JP Morgan's undermine confidence in traditional banks and send the digital asset industry overseas."
๐ณ๐ฟ New Zealand announces the introduction of digital currency into its financial education program in 2026.
Students will learn about various aspects of the digital market and its practical applications.
Education Minister Erica Stanford expects this development to influence students' financial behavior.
๐๏ธCryptopolitan
๐บ๐ธ The Department of Government Efficiency (DOGE), initially headed by Elon Musk, has reportedly been shut down, according to Reuters.
DOGE, which was supposed to last until July 2026, has been dissolved eight months ahead of schedule.
Former DOGE employees are now taking on new roles in the administration.
๐ Reuters
๐จ Strategy and Bitcoin supporters are calling for a boycott of JP Morgan after crypto treasury companies were excluded from major market indices.
"Bring down JP Morgan and buy Strategy and BTC,"
says Max Keiser.
Strategy founder Michael Saylor responded Friday to MSCI's proposed policy change, stating:
"Strategy is not a fund, a trust, or a holding company."
๐๏ธ Cointelegraph
๐ซ๐ท๐ฎโโ๏ธ Two individuals have been jailed following the investigation into the kidnapping of the father of a crypto influencer last May.
Two new individuals have been charged in Paris and placed in pre-trial detention on suspicion of involvement in the kidnapping that took place on May 1 in central Paris, while the father of a crypto influencer was walking his dog.
This was followed by 58 hours of anguish for the family and torment for the hostage, who had a finger severed after the kidnappers issued an initial ultimatum demanding a ransom of several million euros in cryptocurrency.
The two suspects, born in 2001 and 1994, have been charged with "kidnapping, false imprisonment or arbitrary detention with torture or acts of barbarism committed by an organized gang" and "extortion by an organized gang."
๐Sud Ouest
๐บ๐ธ๐ฎโโ๏ธ A man posing as a delivery driver ties up his victim and steals $11 million in cryptocurrency.
The suspect used the delivery driver disguise to approach the victim, before threatening them with a weapon and tying them up with duct tape.
The victim was forced to hand over their crypto wallet, computer, and phone.
The San Francisco Police Department reports that the investigation is ongoing and that the suspect left behind numerous usable clues.
More than 60 physical attacks related to crypto have been reported this year, roughly double the number recorded last year.
๐SF Chronicle
๐จ๐ณ Bitcoin mining has reportedly quietly resumed in China despite the ban in 2021.
Reuters reports that the country even contributes about 14% of the global hashrate, ranking third.
Miners have resurfaced in low-cost regions with energy surpluses such as Xinjiang and Sichuan, where new facilities are under construction.
CryptoQuant estimates that 15% to 20% of global Bitcoin mining could currently be coming from China.
๐Reuters