A crypto investor in Manhattan is accused of holding an Italian man captive for weeks, allegedly torturing him for access to Bitcoin wallet credentials. A Manhattan crypto investor is facing serious charges after allegedly kidnapping and torturing an Italian man in a disturbing bid to extract access to digital assets. John Woeltz, 37, was arraigned on Saturday in Manhattan criminal court following his arrest on Friday. He stands accused of holding a 28-year-old Italian man captive for weeks inside a luxury townhouse in Soho, reportedly rented for $30,000 per month. According to police reports cited by The New York Times, the victim arrived in the US on May 6 and was allegedly abducted by Woeltz and an accomplice. Read more
Australian Senator Gerard Rennick criticized Bitcoin, saying "you can't eat Bitcoin." A Bitcoiner replied, asking if he feels the same about the internet. Australian Senator Gerard Rennick has drawn criticism from the Bitcoin community following his remarks referring to Bitcoin as a Ponzi scheme and questioning the asset’s value because it can’t be eaten. “You can’t eat Bitcoin,” Rennick said in a May 23 X post, responding to an X user who questioned his stance after Bitcoin hit a new all-time high of $111,970 on May 22. “Bitcoin will ultimately go to $1 million dollars. Why because it’s a Ponzi scheme whereby BlackRock will pump more and more dollars into a supply constrained product,” Rennick said. Read more
Cathie Wood says crypto ETFs will not “lose a lot of their luster” and will stay around for those who just “wanna push a button.” ARK Invest CEO Cathie Wood says crypto exchange-traded funds (ETFs) will likely maintain their place in the economy, regardless of how widespread crypto wallet adoption becomes over the next decade. “I think ETFs are an important stepping stone because, you know, wallets seem so complicated, so much friction for consumers, they just wanna push a button,” Wood said at the Solana Accelerate event in New York on May 23. “So ETFs for those who want the convenience, I don’t think, will lose a lot of their luster,” she said. “But they will be a stepping stone into wallet-based.” Wood reiterated the extra layer of protection that crypto wallets provide: Read more
Bitcoin traders are eyeing a gradual pullback after all-time highs, CZ refutes WSJ claim of ties to World Liberty Financial: Hodler’s Digest Binance co-founder and former CEO Changpeng CZ Zhao has pushed back against a report in The Wall Street Journal, calling it a hit piece filled with inaccuracies and negative assumptions. In an X post, Zhao criticized the publications portrayal of his alleged involvement with World Liberty Financial, the decentralized finance project backed by a business entity affiliated with US President Donald Trump. Trumps sons Eric and Donald Jr. are involved in the management of the company. Zhao said the WSJ article portrayed him as acting as a fixer for the World Liberty Financial team and its co-founder Zach Witkoff during foreign trips. Read more
Pavel Durov is a keynote speaker at the Human Rights Foundation's Oslo Freedom Forum, a summit for universal human rights and autonomy. Telegram co-founder Pavel Durov will not be physically attending the Oslo Freedom Forum in Oslo, Norway, after French courts denied his request to travel to the Scandinavian country. According to an announcement from the Human Rights Foundation (HRF) — a non-profit organization that advocates for universal human rights and individual liberty, and the host of the Oslo Freedom Forum — Durov will still deliver his keynote address remotely over a livestream. “It is unfortunate that French courts would block Mr. Durov from participating in an event where his voice is so needed,” HRF founder and CEO Thor Halvorssen said. Read more
The incident reveals the ever-evolving tactics scammers employ against the crypto community and serves as a reminder to remain vigilant. Scammers posing as Ledger, a hardware wallet manufacturer, are sending physical letters to crypto users instructing them to "validate" their wallets or risk losing access to funds, in the latest phishing attack to impact the industry. BitGo CEO Mike Belshe shared a picture of the scam letter, which featured a QR code, presumably linked to a malicious phishing site. The letter was sent through the United States Postal Service (USPS), according to the executive. "These are all scams do not fall for any of these," Troy Lindsey wrote after receiving a copy of the phishing letter. Read more
Bitcoin is on track for over $400 billion in investment inflows by 2026, as ETFs, governments, and corporations could increasingly adopt BTC as an investment asset. Key takeaways: Spot Bitcoin ETFs have already surpassed gold ETFs in early growth, with projections of $100 billion in annual inflows by 2027. Publicly listed companies and nation-states currently hold nearly 1.7 million BTC, pointing to long-term confidence. Read more