Here is what happened yesterday in the crypto market:
Crypto’s Own ‘Inverse Cramer’ Emerges
James Wynn, known for his $1 billion Bitcoin short bet on Hyperliquid, might be becoming crypto’s version of the ‘Inverse Cramer’. This is due to his ability to predict market trends.
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France Charges 25 in Crypto-Related Kidnapping Spree
French authorities have charged 25 individuals, including six minors, in connection to a series of kidnappings and attempted abductions tied to the cryptocurrency sector in Paris. The suspects are aged between 16 and 25.
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Crypto Hack Losses Decline in May
The total amount stolen from crypto hacks decreased significantly in May, with one major incident accounting for approximately 90% of the month’s total losses, according to PeckShield, a blockchain security firm.
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Czech Justice Minister Resigns over Bitcoin Donation Scandal
Czech Justice Minister Pavel Blazek resigned following a scandal involving the ministry’s sale of nearly $45 million worth of Bitcoin, which was donated by a convicted drug trafficker.
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Michael Saylor Publicly Seeks Conversation about Bitcoin on Joe Rogan’s Podcast
Michael Saylor, co-founder of MicroStrategy, has expressed his interest in having a Bitcoin discussion on The Joe Rogan Experience podcast.
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