Seydou Sy

🇹🇭 Thailand expands an investigation targeting a criminal network linked to illegal crypto mining and money laundering totaling more than $300 million.

Thailand’s Department of Special Investigations (DSI) says its investigations into the large-scale theft of electricity used to power mining farms have uncovered a vast money-laundering network tied to Chinese criminal groups.

In 2025, more than 6,390 mining machines were seized, with estimated damages of 953 million bahts to the electricity supplier. The investigation then expanded to include call-center scams, international gambling networks, and money-laundering operations transiting through Thailand.

Authorities estimate the network was moving more than 10 billion bahts per year (about $300 million), including through daily withdrawals of 30 to 50 million bahts made by front companies.
Eight suspects are already subject to arrest warrants, while others are being prepared.
According to the DSI, illegal cryptocurrency mining has become a tool used by transnational criminal organizations to generate revenue and launder funds on a large scale.
$BTC

💼 BitGo laid off nearly 15% of its employees to accelerate its shift toward stablecoins and AI.

BitGo CEO Mike Belshe announced a reduction in headcount affecting nearly 15% of the company’s employees.

According to him, this restructuring will allow BitGo to focus more of its resources on areas he considers strategic for the coming years: digital asset custody, trading, stablecoins, settlement infrastructures, and AI-based financial solutions.
$XRP

🗣️ Czech Republic proposes to freeze Satoshi’s 1 million Bitcoin in the event of a quantum threat.

In an interview, Binance’s founder said that if Bitcoin were ever to adopt quantum-resistant cryptography, the historical addresses of Satoshi Nakamoto—holding around 1 million BTC—could be frozen if they do not migrate to the new system.

According to him, the community could grant a transition period of 6 to 12 months to allow holders to move their funds to secure addresses. If Satoshi’s BTC remained unmoved, they would need to be blocked to prevent a future quantum computer from breaking their private keys and allowing an attacker to take control.

He acknowledges, however, that there is no perfect solution and believes that any decision of this kind should be made collectively by the Bitcoin community, potentially with support from miners.
$BTC

🇯🇵 SBI Holdings wants to become Japan’s largest crypto exchange with the acquisition of Bitbank for $289 million.

Finalization is expected around October.
$SOL

⚠️ AscendEX has delayed withdrawals for several days, or even several weeks, fueling concerns of a possible liquidity crisis, according to ZachXBT.

Many users say their withdrawals remain pending for several days, sometimes several weeks.

By analyzing AscendEX's known hot wallets (formerly BitMax), ZachXBT found an apparent lack of reserves in major assets such as ETH, USDT, and SOL, which could indicate liquidity difficulties.

Founded in 2018, AscendEX was already a victim in 2021 of a hack attributed to Lazarus, which led to the theft of about $78 million in crypto.
$ETH

🇪🇺 Europol annonce avoir gelé plus de 47 millions de dollars de cryptomonnaies lors d’une vaste opération internationale contre les infostealers, ces logiciels malveillants conçus pour voler mots de passe, cookies, comptes et portefeuilles crypto.

L’opération Endgame a notamment démantelé les infrastructures de SocGholish, Amadey et StealC, trois familles de malwares utilisées pour infecter des ordinateurs avant de dérober des données sensibles ou déployer des ransomwares.

Les enquêteurs ont saisi 326 serveurs, fermé 142 domaines, récupéré près de 27 millions d’identifiants volés et identifié plus de 385 000 systèmes compromis.

Au total, près de 15 000 sites web infectés ont été nettoyés. Microsoft affirme qu’Amadey et StealC étaient encore liés à plus de 140 000 ordinateurs compromis dans le monde au cours des premières semaines de mai.
$BTC

💬 Donald Trump reported the signing of the law that was supposed to prohibit the Fed from launching a CBDC for 4 years.

"Today's conference and signing are on hold until we pass the SAVE AMERICA ACT, which we desperately need and I see as a national emergency."

– Donald Trump on Truth Social

Trump refers to the housing law passed by Congress, which also includes a provision banning the Federal Reserve from rolling out a central bank digital currency (CBDC) until the end of 2030.

Considering the SAVE AMERICA ACT is now a priority, he has decided to postpone the signing of the text.
$SOL

🇺🇸 ⚖️ He gained the trust of thousands of investors by impersonating crypto influencers... before vanishing with 1.4 million dollars.

Between 2020 and 2024, Noman Saleem, a 39-year-old American, created fake Telegram accounts mimicking crypto influencers.

After attracting thousands of followers on his various channels, he offered a paid VIP access between 500 and 600 dollars, where victims thought they were chatting directly with the real influencers.

Once inside these private groups, he promised them guaranteed returns through a supposed crypto staking service over 30 to 90 days. The more money investors sent, the higher the promised gains were....

In total, Saleem siphoned off at least 1.4 million dollars in crypto before he disappeared.

However, U.S. authorities managed to recover a large portion of the funds during the investigation.

He was sentenced to 15 months in prison and 3 years of supervised release.
$XRP

🇬🇧🚔 They were stealing cars in Nantes... to fuel shootouts and kidnappings linked to crypto.

The cops just busted a crew that specialized in car thefts, which were then used by organized crime for score-settling, abductions, and crypto-related activities.

The investigation uncovered a full-blown criminal operation: scouting, stealing high-performance vehicles, disguising them, and flipping them to various crime syndicates.

A mastermind was orchestrating the whole thing from his prison cell in Paris, running a network of thieves.
The stolen cars, taken from all over the Pays de la Loire and Brittany, ended up in the hands of specialized teams.

Eighteen people are implicated in this case.
$ETH

🇺🇸 After the Senate, the House of Representatives has also passed the bill prohibiting the Fed from creating or issuing a CBDC until December 31, 2030.

The bill was approved by a large majority and is now sent to Donald Trump for signature.

This ban was included in a text mainly devoted to housing accessibility in the United States.
$BTC

🇪🇺 In an email sent to some users, Binance states that without securing MiCA approval in time, the platform will no longer be able to offer its crypto services in France starting July 1st.

However, users would still have the ability to withdraw their assets.

Binance has confirmed that it withdrew its MiCA license application in Greece and is now looking to obtain approval in another EU member state.

The company claims that Europe remains a strategic market and is confident about securing a MiCA license in the coming months.
$BNB

🇺🇸 After the Senate, the House of Representatives has also passed the bill banning the Fed from creating or issuing a CBDC until December 31, 2030.

The bill was approved by a large majority and is now sent to Donald Trump for signature.

This ban has been included in a text primarily focused on housing accessibility in the United States.
$BTC

🚨 According to the New York Times, Meta is brewing up an in-house predictive market platform called "Arena," similar to Polymarket and Kalshi.

Users could bet on the outcomes of sports, political, or economic events using a points system.

Predictive markets are booming; Polymarket and Kalshi reportedly racked up over 130 billion dollars in volume in 2026, compared to around 50 billion for all of 2025.

This isn't Zuckerberg's first rodeo, though. Back in 2020, Meta launched "Forecast," a similar app based on predictions and a points system. That project got the boot in 2022.
$BNB

🇪🇺💶 The digital euro just hit a new milestone after a thumbs up from European lawmakers.

The MEPs green-lighted several key provisions with a vote of 43 to 14, including the integration of privacy mechanisms based on ZK proofs and holding limits aimed at capping the amount of digital euros an individual can stash away.

The stated goal is to strike a balance between user privacy and the regulatory demands tied to anti-money laundering and combating illicit financing.

Supporters of the initiative see it as a much-needed upgrade to the European monetary system in light of the surge in digital payments and stablecoins, while critics are worried about direct competition with commercial banks and increased scrutiny of transactions.
$BTC

🇧🇷🚫 Brazil officially bans political donations in crypto.

The Federal Public Ministry has reminded that Brazilian political parties and candidates are not allowed to accept campaign donations in cryptocurrencies.

According to the electoral rules in effect since 2019, each contribution must be clearly traceable to its donor to ensure transparency in political funding.
Authorities believe that the pseudonymous nature of crypto transactions can complicate the identification of true contributors and pose risks to the oversight of electoral funding.
$ETH

🇮🇳🔍 India is tightening its crypto oversight and is now targeting OTC transactions over $10,000.

The Financial Intelligence Unit India, the agency in charge of combating money laundering, has requested several major crypto platforms to provide details of OTC trades exceeding $10,000.

Authorities are particularly interested in identifying the ultimate beneficiaries behind private companies, intermediaries, and other structures involved in these trades.
The focus is on transactions executed outside the public order books of platforms, a segment often used to execute large volumes without impacting the market.

Regulators are asking for data to be traceable and retained starting January 2026, signaling that India aims to eliminate the gray areas surrounding significant cryptocurrency transfers.
$BTC

🇺🇸 Trump has signed two executive orders aimed at massively boosting the quantum capabilities of the United States, a threat that could one day put Bitcoin at risk.

Trump's stated goal is ambitious: to have a "scientifically relevant" quantum computer by 2028 and to migrate all federal systems to quantum-resistant cryptography by 2031, which is 4 years ahead of schedule.

The White House openly discusses the risk of "Q-Day", the day when current encryption standards could become obsolete.
$BTC

🇺🇸 The U.S. Senate just passed a housing bill that includes a four-year ban on the Fed creating a CBDC.
$ETH

💬 "Trump can pull the plug on us anytime. Because almost all our payment methods are American."

"The digital euro, the currency that sets us free"

- Aurore Lalucq, European Parliament member
$BTC