#cryptocurrency exchange, is set to join the S&P 500 index on May 19, 2025. This inclusion marks a significant milestone for the crypto industry, reflecting its growing acceptance in mainstream finance. Following the announcement, Coinbase's stock surged by 24%, closing at $256.90. Analysts view this as a pivotal moment, indicating increased institutional interest in cryptocurrency enterprises.
Attempted Kidnapping in Paris Targets Crypto Executive's Family
On May 13, 2025, an attempted kidnapping occurred in central Paris involving the daughter and young grandchild of a cryptocurrency entrepreneur. Three masked men attacked the woman, but the child's father intervened, forcing the assailants to flee. This incident is part of a troubling trend of kidnappings targeting cryptocurrency figures in France, highlighting growing security concerns in the digital asset sector.
U.S. Establishes Strategic Bitcoin Reserve
In March 2025, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, aiming to position the United States as the "crypto capital of the world." The reserve will be funded by the Treasury's forfeited bitcoin holdings, with plans to explore acquiring additional bitcoin. This move signifies a strategic shift in U.S. financial policy towards embracing digital assets.
$LIBRA Cryptocurrency Scandal in Argentina
In February 2025, Argentine President Javier Milei promoted a cryptocurrency project called $LIBRA. The coin's price initially spiked but subsequently plummeted, leading to allegations of a scam and approximately $250 million in investor losses. The incident, dubbed "Cryptogate," has resulted in multiple criminal complaints and calls for investigation into the president's involvement