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ZachXBT revealed that around $7 million of the $330 million in stolen Bitcoin from an elderly U.S. investor has been frozen with Binance’s help. The victim was deceived via a social engineering attack, leading to the withdrawal of 3,520 BTC, which was quickly laundered through exchanges and converted to Monero. Two suspects were identified, including a Somalian running a scam ring in the UK. The case highlights the vulnerability of early crypto adopters lacking updated security measures.

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Crypto venture funding reached $4.9 billion in Q1 2025, up 40% from the previous quarter, according to Galaxy. A $2 billion deal between MGX and Binance made up over 40% of the total. Without it, funding was $2.8 billion—down 20% from Q4 2024. Web3 saw the most deals, while U.S. firms led with 38.6% of total activity. Despite challenges from AI and cautious investor sentiment, Galaxy remains optimistic about crypto’s recovery.

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Ripple rumored to raise Circle acquisition offer to $20B amid growing speculation Ripple is reportedly raising its acquisition offer for Circle, the issuer of USDC, to $20 billion, quadrupling its initial bid. While not officially confirmed, rumors of the deal have been circulating widely on social media. The move is seen as Ripple’s attempt to gain ground in the stablecoin market, as its own RLUSD only holds a modest $317 million market cap compared to USDC’s $61.7 billion. Circle is currently preparing for a U.S. IPO, while Ripple recently settled its case with the SEC. If completed, the acquisition could mark a significant shift in Ripple’s role in the global stablecoin landscape. Neither company has commented on the rumored $20B figure. #Ripple #Circle #USDC #Stablecoin #M&A #CryptoRumor

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Wemix drops 60% after Korea’s top exchanges announce second delisting Wemix, the Web3 gaming token by Korean developer Wemade, plunged over 60% after five major Korean exchanges—Upbit, Bithumb, Coinone, Korbit, and Gopax—announced plans to delist it on June 2. Once a flagship Web3 game token, Wemix has now been delisted twice due to transparency and security concerns, including a $6.2M hack in February.

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