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#btcstolen Bitcoin RICO: Feds say $265 million crypto theft ring blew $13M on exotic cars, nightclubs Federal prosecutors in Washington, D.C., have charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and then launder the proceeds. More than $265 million in crypto was stolen from the victims, according to a superseding indictment. One of the defendants, Malone Lam, was previously charged in connection with the largest of those thefts, which netted about $245 million in crypto from a man in D.C.
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#btc Here’s what happened in crypto todayNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation Today in crypto, Moody’s degrades US credit rating, Bitcoin’s next explosive move could send the asset to $250,000 by the end of 2025, according to analyst Scott Melker, and the co-founder of World Liberty Financial pushes back against US lawmakers' attempts to probe potential conflicts of interest involving the president. Moody's rating agency degrades US credit rating Moody's, one of the major credit ratings agencies, downgraded the US government's creditworthiness from Aaa to Aa1 on May 16, citing increased deficits and a mounting national debt. According to the announcement, the agency forecasts higher US government debt, fueled by increasing interest expense on the debt, and a lack of cost-cutting measures curtailing government spending. The report noted: "Over the next decade, we expect larger deficits as entitlement spending rises while government revenue remains broadly flat. In turn, persistent, large fiscal deficits will drive the government's debt and interest burden higher."
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#btc Twenty One Capital Becomes 3rd-Largest Corporate Holder of BitcoinAccording to BitcoinTreasuries, Twenty One Capital started with 31,500 BTC, and has now added another 4,812 BTC to its coffers.Bitcoin-focused investment firm Twenty One Capital has made headlines after buying 4,812 BTC worth $458.7 million, making it the third-largest corporate holder of the scarce digital asset. The move is a big and public one towards becoming the “ultimate Bitcoin investment vehicle” according to its leadership, and is turning heads in both bitcoin and tradfi world. Tether, the issuer of the world’s largest stablecoin, bought the bitcoin on behalf of Twenty One Capital. According to a filing with the U.S. Securities and Exchange Commission (SEC) on May 13, Tether acquired the bitcoin on May 9 at an average price of $95,319 per coin. Twenty One Capital was launched in April 2025 through a SPAC merger with Cantor Equity Partners, a Cayman Islands-based firm affiliated with Wall Street giant Cantor Fitzgerald. The company is backed by Tether, Bitfinex exchange and Japanese investment giant SoftBank.
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