DOJ Says Cybercrime Ring Stole $263M in Crypto to Spend on Luxury Cars, Nightclubs

An Argentinian judge has ordered the lifting of bank secrecy for Javier Milei and his sister, Karina, in connection to a case involving the president and "crypto bros" linked to LIBRA. The judge also froze the assets of three individuals connected to LIBRA earlier this week.

Companies are increasingly launching Solana tokens to raise funds, with tokens reaching millions in market capitalization. The trend began in 2024, with Vine Coin and JellyJelly tokens, and has since expanded with the creation of the Believe launchpad. Despite concerns of "vaporware," internet capital markets continue to grow.

A federal judge has denied the SEC and Ripple Labs' settlement bid due to procedural errors, despite both parties dropping their appeals. The judge stated that the motion was "procedurally improper" and did not meet the required standards under Rule 60 of civil procedure.

Bitcoin bulls are facing a $120 million resistance challenge as they aim to continue the stair-step uptrend, with significant sell orders at $104,800 and $105,000. The rally from $75,000 to $104,000 has shown a pattern of consolidation before each upward move.

Cointree, a Melbourne-based crypto exchange, was fined $75,120 by AUSTRAC for failing to submit suspicious activity reports promptly. The delayed reports hindered law enforcement's ability to respond quickly to potential criminal activities.

The State of Wisconsin Investment Board sold its $300 million stake in BlackRock’s iShares Bitcoin Trust during the first quarter of 2025, amidst market uncertainty caused by U.S. tariffs. The sale was completed before 'Liberation Day' on April 2, 2025, when comprehensive tariffs were imposed.

Coinbase, the first crypto-native firm to join the S&P 500, faced a data breach involving insider collusion and a $20 million Bitcoin blackmail attempt. The company refused to pay the ransom and is offering a $20 million bounty for information on the perpetrators.

According to JP Morgan analysts, Bitcoin's potential upside surpasses that of gold due to recent catalysts like corporate treasury allocations and favorable legislation. Recent acquisitions by Coinbase and Kraken indicate a maturing futures market for Bitcoin.

Arthur Hayes, former BitMEX boss, predicts Bitcoin could reach $1 million by 2028 due to favorable macroeconomic conditions. He believes foreign investment outflow and dollar devaluation will drive Bitcoin's surge, especially if a less crypto-friendly president is elected.