Crypto News
Suspect in French Crypto Kidnappings Arrested in Morocco
A suspect allegedly behind recent high-profile crypto kidnappings in France has been arrested in Morocco, according to Maghreb Arab Press, a government-run press agency.At the request of French authorities, a joint operation of Morocco’s National Judicial Police Brigade (BNPJ) and the General Directorate of Territorial Surveillance (DGST) took the 24-year-old French-Moroccan suspect into custody, according to a statement from Moroccan police distributed by MAP. The press agency described the man, who was identified by French press as Badiss Mohamed Amide Bajjou, as a mastermind of the crimes."I sincerely thank Morocco for this arrest, which demonstrates the excellent judicial cooperation between our two countries, particularly against organized crime," said French Minister of Justice Gérald Darmanin in a translated statement on social-media...
Stablecoin Giant Circle Raises $1.1B in IPO, Valued at $6.9B Ahead of NYSE Debut
Stablecoin firm Circle priced its shares at $31, above the marketed range, ahead of its trading debut on the NYSE under ticker CRCL.Source link
‘Unclaimed’ Bitcoin in California Could Be Seized—But There’s a Catch
The California House passed a bill that would let the state seize crypto sitting on exchanges—but advocates say it's actually a good thing.Source link
Elon Musk Backs Coinbase Warning: Bitcoin Could Replace Dollar Amid US Fiscal Crisis
Bitcoin is surging into the spotlight as Coinbase’s CEO and Elon Musk sound alarms on U.S. debt, signaling the crypto’s rise as a serious reserve currency contender. Elon Musk Supports Coinbase Outlook: Bitcoin May Topple US Dollar as Reserve Currency Coinbase CEO Brian Armstrong voiced concern on June 3 on social media platform X overSource link
Circle Debuts on NYSE at $31 Per Share, Valuing Stablecoin Issuer at $6.2 Billion
Circle made its public market debut Wednesday on the New York Stock Exchange (NYSE) under the ticker “CRCL,” pricing its shares at $31 — above the expected $24 to $26 range.The company sold around 34 million shares in the offering, for a valuation of $1.1 billion. Bloomberg pegs the total amount raised in the IPO at $6.2 billion.Circle initially planned to offer just 24 million Class A shares, with 9.6 million coming from the firm itself and the remainder from early stakeholders. But as demand soared, the offering ballooned to more than 10 times the original amount.This initial public offering (IPO) marks the second major crypto company to go public under the Trump administration, after eToro listed last month.The stablecoin...