Former LA Deputy Sentenced to Prison for Assisting 'Crypto Godfather' in Extortion Schemes

Bed Bath & Beyond's shares rose 5% after announcing the acquisition of Tokens.com to enhance its blockchain initiatives, focusing on tokenization for a new investment platform. The firm aims to utilize infrastructure from partners like Figure Technologies and tZERO for asset tokenization and liquidity solutions.

Myriad users predict a 68% chance of Bitcoin dropping to $69,000, with bearish sentiment rising 35% in a week. Bitcoin's price fell below $80,000, causing concern over potential Federal Reserve policy changes.

Bitcoin has rebounded to $78,700, up 2% in the last 24 hours and 7% from the weekend's low, but still down over 10% for the week. Ethereum is also up 2% daily but down 19% from last week. The crypto market experienced a rapid sell-off due to over $2 billion in liquidated derivatives.

Strategy's Bitcoin holdings showed losses as the digital asset dropped below the firm's average purchase price, but rebounded the next day. Despite recent losses, the company has been accumulating Bitcoin since 2020 at an average cost of around $76,000 per Bitcoin.

CoinShares reported a global outflow of $1.7 billion in digital asset investment products last week, with the U.S. leading at $1.65 billion. Bitcoin products saw $1.32 billion in withdrawals, while Ethereum lost $308 million. Altcoins like XRP and Solana also experienced outflows.

Newly surfaced emails reveal that convicted sex offender Jeffrey Epstein made a $3 million investment in Coinbase in 2014, arranged by Tether co-founder Brock Pierce. Coinbase's co-founder, Fred Ehrsam, was aware of the investment and even requested a meeting with Epstein.

BitMine Immersion Technologies has acquired 41,788 ETH worth $96 million, increasing its holdings to 4,285,125 ETH valued at $9.9 billion. Despite $6 billion in unrealized losses, the chairman remains optimistic about Ethereum's future.

BitRiver, Russia's largest crypto mining firm, faces potential bankruptcy as insolvency proceedings are initiated against its controlling shareholder by a regional arbitration court. The founder, Igor Runets, is under house arrest for tax evasion charges.

Newly released emails from the US Justice Department reveal that Jeffrey Epstein contacted Bitcoin developer Gavin Andresen just before Andresen's visit to the CIA headquarters in June 2011. Andresen, chosen by Satoshi Nakamoto, spoke at the CIA despite Nakamoto's retirement.

The crypto market experienced a significant drop over the weekend, with Bitcoin falling over 7% to touch $75,500 before rebounding to over $78,000. This led to approximately $5 billion in liquidations, primarily affecting long positions.