Author: John Smith
Moroccan authorities have arrested Badiss Mohamed Amide Bajjou, a French-Moroccan national accused of playing a leading role in a string of high-profile kidnappings targeting cryptocurrency executives and their families in France. Per a local media report, Bajjou was apprehended on Wednesday, June 4, in the northern Moroccan city of Tangier. Acting on a 2023 Interpol red notice requested by French authorities, Morocco’s National Brigade of the Judicial Police and the General Directorate for Territorial Surveillance launched a coordinated operation that led to Bajjou’s arrest in Tangier. The 24-year-old, originally from Le Chesnay, west of Paris, was reportedly found in possession…
The U.S. Securities and Exchange Commission has delayed its decision on the proposed Canary SUI exchange-traded fund, triggering renewed bearish sentiment around the SUI token. The token has slipped 2.7% over the past 24 hours to trade at $3.18, extending a pullback that began after its May 22 local high of $4.02. Sui (SUI) is now 40% below its all-time high of $5.35 from January. The latest setback comes after the SEC announced a delay in its decision regarding the proposed Canary SUI ETF, a product that would offer regulated exposure to the Sui token The SEC, in a June 4 filing,…
California lawmakers recently passed a bill that would allow the state to ‘seize’ cryptocurrency in traders’ exchange accounts that have remained idle for three years. The new law has sparked debate among worried traders. On June 4, the California House passed Assembly Bill 1052 or AB 1052. The bill stipulates that if users fail to show “ownership interest” towards crypto assets kept in their digital accounts for up to three years, then the state is allowed to seize the crypto kept in the account. If it passes through the Senate vote, the bill would allow the State of California to…
ZORA, the native token of the Zora network, may be headed for a short-term correction, with technical indicators flashing bearish signals. According to data from crypto.news, Zora (ZORA) surged by 28% to hit an intraday high of $0.0128 on June 5, pushing its market cap above $40 million. However, the rally was short-lived. Prices quickly retraced a chunk of those gains, even as daily trading volume spiked more than 150% in the last 24 hours, a possible sign of distribution by early holders. ZORA initially rallied after South African hip-hop artist Jaykatana revealed that his latest track, “SIZOKUTHOLA”, was launched…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. While XRP’s next big move is unclear, Unilabs offers valuable tools and ways to earn income, making it the leading altcoin for massive gains in 2025. XRP price is slowly gaining strength, staying above $2.19 after jumping nearly 7% from the weekend lows. The uptrend is driven by more speculation, with XRP derivatives open interest rising almost $5 billion. XRP’s oversold conditions suggest traders are preparing for a decisive move. Adding to this bullish momentum, Unilabs is becoming a…
Collaterize has officially launched its RWA launchpad on Solana, opening the door for anyone to tokenize and trade tangible assets like real estate, private equity, and collectibles directly on-chain. Collaterize (COLLAT) has launched its RWA launchpad, allowing anyone to turn real-world assets like real estate, private equity, or collectibles into tradable tokens on Solana (SOL). To get started, creators need to hold at least 100,000 COLLAT tokens, complete KYC/KYB, and submit documentation about the asset for due diligence. When launching a token, the platform raises 120% of the creator’s target amount. Of that, 100% goes directly to funding the asset…
Social media platform Reddit has filed a lawsuit against AI startup Anthropic, accusing it of unauthorized data scraping to train its Claude chatbot. In its Wednesday filing in San Francisco Superior Court, Reddit alleged that Anthropic accessed its platform more than 100,000 times after July 2024, despite having publicly announced that it had halted such activity. The filing accuses Anthropic of violating Reddit’s user agreement, scraping content without consent, and continuing to use the platform’s data to train its large language models. In the complaint, Reddit described Anthropic as a “late-blooming” AI company that presents a public image of responsibility…
BitMine Immersion Technologies is raising $18 million through a public stock offering to expand its Bitcoin holdings. According to the company’s announcement in a June 4 press release, the offering includes 2.25 million shares priced at $8.00 each. BitMine has also granted underwriters a 45-day option to purchase an additional 337,500 shares to cover potential over-allotments. The offering is expected to close on June 6, pending customary conditions. BitMine intends to use all of the funds raised to purchase Bitcoin (BTC), aligning with its strategy of acquiring Bitcoin through mining and direct investment. With operations in Trinidad and Texas, the…
TRON’s on-chain activity is hitting record highs, with sustained growth in active addresses hinting at an upward shift in TRX market momentum. According to a June 3 analysis by CryptoQuant contributor CryptoOnChain, the 50-day and 100-day moving averages for daily active addresses on the TRON (TRX) network have hit their historic highs. This sustained climb in user participation points to steady network expansion and ecosystem health, suggesting TRX may be building a base for further appreciation. Analysis of Daily Active Addresses and TRX Price on Tron Network – All-Time Highs in Moving Averages“Historically, changes in active address trends tend to…
Circle has priced its initial public offering at $31 per share, higher than expected, ahead of its June 5 debut on the New York Stock Exchange. According to a June 4 report from Reuters, the stablecoin issuer raised $1.05 billion by selling 34 million shares, valuing the company at roughly $8 billion on a fully diluted basis. Circle IPO was originally expected to price between $27 and $28 per share, but strong demand pushed the price and share count higher. Circle had initially aimed to raise $624 million by selling 24 million shares. That plan was later revised to 32…