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The French Public Prosecutor's Office has pressed charges against 25 suspects related to the cryptocurrency kidnapping case.

2 days ago

On June 1st, as per Cointelegraph, the French government has filed charges against 25 individuals, among whom there are 6 minors, in relation to a series of kidnapping and attempted kidnapping cases associated with the country's cryptocurrency industry. The suspects, ranging in age from 16 to 23, are accused of multiple conspiracies targeting cryptocurrency personalities and their families. Currently, 18 suspects are in pretrial detention, 3 have applied for a delay in their hearings, and 4 are under judicial supervision. The core of the investigation pertains to an attempted kidnapping case that occurred on May 13th in the 11th arrondissement of Paris. The victims were the daughter and grandson of Pierre Noizat, who is the CEO of the French cryptocurrency exchange platform Paymium.
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Circle is seeking to increase the size of its IPO, with a new valuation of $7.2 billion

On Monday, June 3rd, Circle Internet Financial announced that its increased initial public offering (IPO) is now aiming for a valuation of $7.2 billion. This indicates an enhanced investor interest in the company. It is expected to raise up to $896 million by selling 32 million shares of stock. The company's preliminary registration statement submitted to the U.S. Securities and Exchange Commission on May 27th stated that Circle will issue 24 million shares of Class A common stock with a price range of $24 to $26 per share. Now, Circle is planning to sell shares at a price of $27 or $28 per share. A SPAC merger deal that was canceled in 2022 had valued the company at $9 billion. Large firms, such as BlackRock, have shown strong interest in supporting the company's IPO process.

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LISTA Surges Over 25% in 24 Hours, Market Cap Reaches $73.8 Million

On June 3rd, based on market data, LISTA witnessed a surge of over 25% in the past 24 hours. As a result, its market capitalization rose to $73.8 million.

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Robinhood has completed its acquisition of Bitstamp for $2 billion.

On June 3rd, Robinhood Markets, Inc. successfully completed the acquisition of Bitstamp, a Luxembourg-based cryptocurrency exchange. The transaction was settled with $200 million in cash. This acquisition has added over 50 licenses and registrations to Robinhood's cryptocurrency division and provided it with a mature institutional client base. On June 2nd, Robinhood announced that the acquisition price of $200 million remained unchanged from the initial agreement in June 2024 and was fully paid in cash. Bitstamp serves more than 5,000 institutional clients and 50,000 retail clients. The trading volume of Bitstamp is mainly driven by institutional clients. In another announcement on June 2nd, Robinhood indicated that this acquisition has significantly expanded its cryptocurrency business presence in markets outside the United States, including Europe, the UK, and Asia. Bitstamp reported that its revenue for the 12 months ending April 30 was $95 million, while Robinhood's cryptocurrenc

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Bitcoin Bounces Back, Surpasses $106,000

On June 3rd, according to HTX market data, Bitcoin witnessed a rebound and exceeded $106,000, registering a 24-hour gain of 0.58%.

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Coinbase has this morning added ENA to its asset listing roadmap.

On June 3rd, Coinbase included ENA in its asset listing roadmap at 5:24 in the morning.

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Whale James Wynn's Bitcoin Long Position Unrealized Loss Narrows to $100,000, Previously Just $20 Away from Liquidation

On June 3rd, based on on-chain data, whale James Wynn's newly opened 40x Bitcoin long position saw its floating loss shrink to $100,000 yesterday, and the liquidation price was $103,620. Currently, the long position has a size of $99,984,429.46, with an entry price of $105,890.3. Yesterday evening, the long position was only $20 away from being liquidated.

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