The Daily Crypto Brief!
All major crypto news explained
Hello readers. Cryptocappy brings you the latest news from the crypto world. Let’s dive in!
Police Arrest Suspected Leader of French Crypto Kidnappings
A 24-year-old French Moroccan man, suspected of leading a string of crypto-related kidnappings in France, has been arrested in Morocco. Badiss Mohamed Amide Bajjou, wanted by Interpol for extortion and kidnapping, is believed to be involved in several cases, including the January attack on Ledger co-founder David Balland.
French police also arrested 12 people in May for their roles in similar crimes. One incident happened in broad daylight, where four people tried to kidnap the pregnant daughter of the CEO of Paymium, a French crypto exchange.
Bitget Wallet Adds Solana Pay, Expanding Scan-to-Pay Crypto Worldwide
Bitget Wallet has integrated Solana Pay, making crypto payments easier for users worldwide. Now, people can scan QR codes to pay with stablecoins like USDC or other Solana-based tokens—whether shopping online or in-store.
This system cuts out middlemen, enabling direct payments from wallets to merchants. Bitget Wallet also plans to support regional QR code standards in Southeast Asia and Latin America to expand access.
Beyond payments, users can trade on Jupiter DEX, stake SOL, swap across chains, and even recover idle SOL.
JPMorgan to Accept BlackRock's Bitcoin ETF Shares as Loan Collateral: Bloomberg
JP Morgan is letting wealthy clients use shares in crypto ETFs, like BlackRock's iShares Bitcoin Trust, as collateral for loans. Bloomberg reports that the bank will also consider crypto holdings when assessing clients’ net worth, similar to real estate and cars.
JP Morgan joins other big financial players like Fidelity and Standard Chartered in offering crypto services. Bitcoin and Ethereum ETFs, approved last year, have gained huge popularity, with BlackRock's IBIT managing over $70 billion in assets.
Ripple Secures Dubai Approval for RLUSD Stablecoin Launch
Dubai's financial regulator has approved Ripple's RLUSD stablecoin for use in the Dubai International Financial Centre (DIFC). This makes it the third stablecoin to get approval under the DIFC's crypto rules. Now, RLUSD can be used in Ripple’s payment services in Dubai and the UAE, and other DFSA-licensed firms can also integrate it into their offerings.
Ripple’s Middle East MD, Reece Merrick, believes stablecoins will be key for international payments, helping businesses move money instantly and with lower costs. RLUSD, launched in December, is now the 20th-biggest stablecoin, with a market cap of $333.6 million, far behind giants like Tether and USDC.
Pro-Crypto Lee Jae-Myung's Presidential Win Bolsters South Korea's Crypto Reform Prospects
South Korea has elected a new leader just months after a political crisis. Lee Jae-myung, head of the Democratic Party has won the presidency.
President Lee Jae-myung has promised several crypto-friendly changes, including approving spot crypto ETFs and reducing transaction fees. He plans to boost South Korea’s crypto industry by legalizing spot Bitcoin ETFs and introducing a stablecoin tied to the won to curb capital outflow.
Thats a wrap for today. Catch you tomorrow with more crypto updates. Have a great day!
