2025-05-17 Market Watch: Bitcoin hovers as miners soar; crime & regulation news

Here is what happened yesterday in the crypto market:

DOJ Charges 12 in $263M Crypto Theft Linked to Genesis Creditor

The U.S. Department of Justice has charged 12 individuals for allegedly stealing over $263 million in cryptocurrency, connecting them to a previous case involving the siphoning of funds from a Genesis creditor.
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French Minister Implements Security Measures for Crypto Professionals After Kidnappings

Following a number of kidnappings targeting individuals in the crypto space, the French Minister of the Interior, Bruno Retailleau, has agreed to implement enhanced security measures to protect crypto professionals.
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Crypto Miners Experience Gains Amid OpenAI-CoreWeave Deal and Galaxy’s Nasdaq Debut

While Bitcoin’s price remained relatively stable, crypto mining stocks surged following news of a deal involving OpenAI and CoreWeave. Galaxy Digital also began trading on the Nasdaq.
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US Senate Could Soon Vote on Stablecoin Regulation

U.S. legislation aimed at regulating stablecoins may be debated and potentially passed in the Senate in the near future, according to proponents of the bill.
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Wisconsin Sells Entire $350M Spot Bitcoin ETF Stake

The State of Wisconsin Investment Board (SWIB), one of the first U.S. state pension funds to invest in a spot bitcoin exchange-traded fund, exited its position entirely in the first quarter.
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