French law enforcement officers freed the man after raiding a property in a Paris suburb where he was held captive for ransom. The father of an unnamed crypto entrepreneur was freed by police in Paris, France, during a law enforcement raid of the property where the man was held captive for ransom over several days. According to reporting from Le Monde, the May 3 raid resulted in five arrests. Local outlet Le Parisien also said the kidnappers demanded between 5 million and 7 million euros, or up to $7.9 million, to release the captive man. Although the details on the identity of the victims remain scant, likely for security reasons, the crypto entrepreneur and his father co-owned a crypto marketing firm based in Malta, French media reports. Read more
Government officials hope the move can attract foreign investment into the Maldives, diversify its revenue streams, and alleviate its debt. The government of Maldives signed an agreement with MBS Global Investments, a Dubai-based family office, to develop a $9 billion crypto and blockchain hub in Malé, the capital of the South Pacific archipelago nation. According to a report from the Financial Times, the agreement, which was signed on May 4, was done in the hopes of moving the Maldives away from reliance on tourism and fisheries by attracting foreign direct investment into blockchain and Web3 technologies. The project outlines plans for the Maldives International Financial Centre, an 830,000-square-meter facility that will reportedly employ up to 16,000 individuals. Read more
Strategy co-founder Michael Saylor posted the Bitcoin chart signaling an impending Bitcoin purchase by the company the following day. Strategy co-founder Michael Saylor hinted at an impending Bitcoin (BTC) purchase, marking the fourth consecutive week of purchases by the BTC treasury company. The company's most recent acquisition occurred on April 28 when Strategy purchased 15,355 BTC, valued at over $1.4 billion at the time, bringing the company's total holdings to 553,555 BTC. According to data from SaylorTracker, Strategy is up approximately 39% on its investment, representing over $15 billion in unrealized gains. Read more
Stop-loss and take-profit orders help Bitcoin traders lock in gains and cut losses automatically. They’re essential tools for managing risk in a 24/7, fast-moving market. Bitcoin and crypto traders can rely on automated orders on their trading platform to limit losses and secure gains. Stop-loss orders in Bitcoin trading started as manual risk management in the early 2010s. Now, they have become advanced, automated tools on today’s exchanges. In the algorithm era and bot pestering, proper trading tools like stop-loss and take-profit orders will help you protect your trades. Read more
Bitcoin’s institutional adoption reshapes its development landscape, prioritizing security and compliance over grassroots innovation. Bitcoin's decentralized roots, however, face unprecedented challenges. Opinion by: Markus Bopp, CEO of TAP Protocol Not long ago, the idea of Bitcoin as a government-backed reserve asset seemed like a stretch. The US Federal Reserve’s move to establish a Strategic Bitcoin Reserve marks a clear turning point. Once dismissed as a speculative asset or niche investment, Bitcoin is increasingly being treated by some governments and financial institutions as a national store of value. This evolution puts blockchain development at a crossroads. On one hand, memecoins, once dismissed as internet jokes, have dominated transaction volumes and social buzz on leading platforms. On the other hand, institutions and governments are taking the world’s most popular cryptocurrency — Bitcoin (BTC) — seriously and investing in infrastructure to secure it for the long term. Read more
Bitcoin deals with nearby liquidity into the weekly close as traders turn to the key Fed meeting for BTC price clues over the coming week. Key points: Bitcoin attacks liquidity clustered close to spot price into the weekly close. Market commentators eye significant BTC price levels below $95,000. Read more