Today’s Crypto News Highlights
In a twist from yesterday’s report, we’re seeing a major reversal in ETF performance. Bitcoin ETFs have now seen a massive $935 million inflow, as investors increasingly view them as a safe haven amid growing demand. Interestingly, this spike in interest began over Easter weekend. We apologize for the previous misinformation — and this is exactly why we always say: Do your own research. While we aim to bring you the most accurate updates, the crypto space moves fast, and sometimes, so do the facts.
LAPD Busts $2.7M in Stolen Bitcoin Mining Equipment
In other major news, the LAPD has recovered $2.7 million worth of stolen Bitcoin mining gear after busting a cargo theft ring. The shipment, which also included other high-value merchandise, was intercepted just before it was loaded onto a flight to Hong Kong. In total, the recovered items are valued at $3.9 million.
Trump Token Skyrockets 64% Amid Exclusive Dinner Offer
The Trump Token is on a tear, jumping 64% after news broke that the top 220 holders will receive an invite to a private dinner at Trump National Golf Club in Washington, D.C. on May 22. The “Race to Dine with Trump” has clearly added fuel to the rally, and the price surge reflects growing hype around the token.
Riot Platforms Secures $100M Credit from Coinbase
Riot Platforms just tapped into a $100 million Bitcoin-backed credit line from Coinbase to accelerate its expansion. This funding gives Riot growth capital without diluting equity, with interest tied to the federal funds rate. The company plans to use the loan for key initiatives and general operations.
Bitcoin Passes Google in Market Value
Big milestone alert: Bitcoin has surpassed Google (Alphabet) to become the world’s fifth most valuable asset. With a market cap of $1.87 trillion, Bitcoin has edged past Alphabet’s $1.859 trillion. It’s another huge win for the crypto space and yet more evidence of Bitcoin’s growing dominance.
That’s a wrap for today’s headlines! As always, this is not financial advice — just the news. Please DYOR (Do Your Own Research).
Thanks for reading,
Crypto King