By William Janes ( September 23, 2025, 2:12 PM BST) — Five people have been arrested on suspicion of carrying out a €100 million ($118 million) cryptocurrency fraud in a joint international operation by law enforcement agencies across Europe, a European Union law authority said Tuesday….
Crypto
So What’s The Deal With Bitcoin, Cryptocurrency Prices?

It does not appear that way back.
On Nov. 10, 2021, bitcoin reached its all-time excessive of $69,044.77. On that very same day, the Dow Jones Industrial Common completed down 112.24%, or 0.3%
However issues modified quickly and as of Monday, Might 9, bitcoin was down almost 5% to $33,001 finally examine. The value is off 14.4% from 7 days in the past and down a surprising 52.4% from that day in November.
Ethereum was down 6.4% to $2,407.97 and off 15% for the week. The cryptocurrency is down 38.5% from a yr in the past.
And dogecoin was off about 7% to $0.117367. The meme coin is off 11.7% from every week in the past, and down almost 82% from a yr in the past.
Decentralized finance or DeFi crypto, solana, was down 7.4% to $71.65, and off 20.4% from a yr in the past. Avalanche was falling 4.5% to $49.66, however up 29.3% from a yr in the past.
In the meantime, the Dow Jones Industrial Common was down 563 factors or 1.63% by late morning.
You Need Fries With That?
Billionaire Michael Saylor, has been a bitcoin evangelist, and his firm MicroStrategy (MSTR) – Get MicroStrategy Integrated Class A Report , which has had bitcoin on its stability sheet since 2020, was ( down almost 9% to $268 finally examine.) – Get Roblox Corp. Class A Report
Saylor tweeted a doctored image of himself as a McDonald’s (MCD) – Get McDonald’s Company Report cashier holding a serving of french fries.
“Monday morning is time to get again to work. #Bitcoin,” the caption learn.
Gaming platform Roblox (RBLX) – Get Roblox Corp. Class A Report was off 3.4% to $26.87 and different metaverse shares like Fb guardian Meta Platforms (FB) – Get Meta Platforms Inc. Class A Report and Nvidia (NVDA) – Get NVIDIA Company Report had been within the purple.
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The crypto value drop lit up social media, with one individual posting an image of a man clutching his chest. The caption learn “If you purchase the dip, but it surely retains dipping.”
One other person posted a variant of the Nike “Simply Do It” slogan captioned “How one can survive a #Cryptocrash” and the road “Simply Hodl It,” the crypto-speak model of “maintain.”
NFT, non-fungible token costs, have additionally been falling, prompting one individual to tweet a video clip of divers tumbling right into a swimming pool with a caption studying reside take a look at NFT costs.
“That is shut,” one individual responded. “Take away the water and it’s a greater analogy.”
The Wall Avenue Connection
“The crypto market is displaying the very best optimistic correlation with inventory indexes ever in historical past,” mentioned Winston Ma, managing associate of CloudTree Ventures, Creator of “The Digital Struggle – How China’s Tech Energy Shapes the Way forward for AI, Blockchain and Our on-line world.” “Bitcoin, ETH and different cryptocurrencies have been carefully correlated to motion in fairness indices, and that pattern is constant.”
Ma mentioned “investor sentiment in direction of inflation and Fed financial coverage continued to hit riskier belongings this Monday.”
He mentioned that as crypto costs fall, even the “stablecoins” turned destabilized.
“Traders had been spooked by a uncommon occasion — the stablecoin TerraUSD briefly dropping its U.S. greenback peg,” he mentioned. “As a result of stablecoins are the currencies for your entire crypto market, the destabilized ‘stablecoin’ might spark worry concerning the systemic threat of the general market, albeit briefly.”
Frank Corva, cryptocurrency specialist with Finder, mentioned Terra was one of many hardest hit of the key cryptos this weekend.
“Fears of UST, the algorithmic stablecoin on the Terra blockchain that’s pegged to the US greenback, dropping its peg circulated on-line over the weekend, seemingly inflicting LUNA’s value to drop,” he mentioned.
Corva mentioned that in contrast to different stablecoins like Tether and USD Coin, which depend on reserve belongings to help their peg, the worth of UST is primarily depending on LUNA tokens, that are burned, or completely destroyed, to mint UST tokens.

Crypto
Ripple Highlights Transatlantic Initiative as Blueprint for Global Crypto Regulation

Crypto
Texas brothers charged in cryptocurrency kidnapping, robbery in MN

GRANT, Minn. (FOX 9) – A Washington County family was reportedly kidnapped and held hostage at gunpoint for hours by two Texas brothers who ultimately took more than $72,000 in cryptocurrency.
Raymond Christian Garcia, 23, and Isiah Angelo Garcia, 24, were each charged via warrant with three counts of kidnapping, three counts of first-degree burglary, and one count of first-degree aggravated robbery for their alleged roles.
The incident led to the Washington County Sheriff’s Office issued a shelter in place order while they searched for the suspects. The incident ultimately led to the cancellation of a high school homecoming football game in Mahtomedi.
Home invasion and cryptocurrency theft
The backstory:
According to the criminal complaint, a 911 call was received at approximately 4:45 p.m. on Sept. 19 from someone in Grant, Minnesota, stating that he and his family had been kidnapped and were being held hostage at gunpoint in their home.
The complaint details that on Sept. 19, a man was taking out the garbage at around 7:45 a.m. when the armed brothers allegedly forced him back into the garage and bound his hands with zip ties. The men then woke up the two other people in the house, also binding them.
Raymond Garcia is accused of holding the 911 caller and his mother hostage for nine hours while armed with an AR-15-style rifle. Police said the upstairs bedroom door was tied shut with wire and needed to be cut in order to free them, according to the complaint.
Meanwhile, Isiah Garcia, armed with a shotgun, allegedly forced the man to log into his cryptocurrency wallet and transfer over $36,000 to an unknown account, charges state. After learning of a separate crypto wallet kept at the family cabin in Jacobson, Minnesota, Isiah Garcia allegedly forced the man to drive three hours and transfer the additional cryptocurrency, valued at over $36,000.
According to the complaint, the victim believed some of his crypto account information had been leaked during a data breach. The charges note that the men were frequently on the phone with an “unknown third party who directed [them] to transfer the cryptocurrency.”
The victim inside the house called 911, and multiple squad cars passed Isiah Garcia as they were driving back from the cabin. Isiah Garcia then turned the truck around, parked, and fled on foot before discarding the shotgun in a nearby field, charges allege.
Raymond Garcia was seen on camera running out the back door of the home. During a search of the area, authorities recovered an AR-15 rifle in a suitcase located in the tree line behind the home, charges said.
Brothers arrested in Texas
The investigation:
According to the complaint, Isiah Garcia rented a car near Houston, Texas, on Sept. 16 and drove to Minnesota. The vehicle’s GPS data placed the car near the victim’s home and a motel in Roseville. On Sept. 21, Isiah Garcia was taken into custody while driving the same rental car in Texas.
Raymond Garcia went to authorities on Sept. 22 to report that his AR-15 had been stolen in Waller, Texas. During a search of the brother’s home in the Waller area, authorities reportedly found a firearm box with a serial number matching the AR-15 recovered in Minnesota.
At the time the criminal complaints were filed, both men were in custody in Texas.
The Source: This story uses previous FOX 9 reporting and information from a Washington County criminal complaint.
Crypto
EU Enforcers Arrest 5 Over €100M Cryptocurrency Scam – Law360

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