đ Crypto in May 2025: Whatâs Making Headlines
1. đ«đ· Crypto Millionaires Targeted in Europe
A disturbing trend has emerged in France, where crypto entrepreneurs and their families are being kidnapped for ransom. In the latest incident, a 60-year-old man was abducted in Paris, with attackers seeking ransom from his son, a crypto-millionaire. This follows similar cases, including the January kidnapping of Ledger co-founder David Balland.
2. đșđž U.S. Senate Crypto Bill Faces Turmoil
A proposed U.S. Senate bill aiming to regulate stablecoins is facing setbacks as nine Senate Democrats withdraw support, citing concerns over money laundering and financial system risks. The bill, a priority for former President Donald Trump, now faces an uncertain future.
3. đșđž U.S. Establishes Strategic Bitcoin Reserve
In March, President Trump signed an executive order to create a Strategic Bitcoin Reserve, making the U.S. the largest known state holder of Bitcoin with approximately 200,000 BTC. This move has sparked global discussions on the role of cryptocurrencies in national reserves.
4. đ Bitcoin Nears $100K Milestone
Bitcoin is trading near $97,350, approaching the significant $100,000 mark. Analysts predict it could reach $150,000 to $250,000 during the 2025 bull run, driven by institutional adoption and macroeconomic factors.
5. đșđž Noise Pollution from Crypto Mining in Texas
Residents in Texas report health issues due to noise pollution from nearby cryptocurrency mining facilities. Despite these concerns, former President Trump's policies continue to support the expansion of crypto mining operations in the U.S.
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