COINOTAG News reports that on June 6th, U.S. President Trump addressed his recent public disagreement with Tesla CEO Elon Musk, describing the situation as “okay” and emphasizing that progress remains
The US Department of Justice has taken action against the darknet marketplace known as BidenCash, announcing the seizure of cryptocurrency assets and 145 internet domains linked to its operations. The announcement came from the US Attorney’s Office for the Eastern District of Virginia, detailing the culmination of a coordinated investigation into a platform that had facilitated the sale of stolen credit card data and personal information to thousands of users. Crypto Seizure and Domain Takedown Launched in March 2022, BidenCash quickly emerged as a hub for illicit transactions, offering stolen payment credentials and identity data to a growing customer base . The marketplace reportedly accumulated more than 117,000 users and was responsible for the distribution of over 15 million compromised payment card numbers. The DOJ stated that BidenCash administrators collected fees on transactions and earned over $17 million in revenue during its run. As part of the enforcement effort, authorities obtained court approval to seize cryptocurrency funds that were used by BidenCash to facilitate the exchange of illicit goods and services. The specific amounts and wallet addresses involved have not been disclosed, but the government emphasized that these digital assets represented proceeds from illegal transactions conducted on the platform. Moving forward, the seized domains will be redirected to law enforcement-controlled servers, preventing further access or use. The investigation also revealed a promotional tactic used by BidenCash: between October 2022 and February 2023, the platform published 3.3 million stolen credit cards free of charge to encourage wider usage of its services. These leaked datasets contained full cardholder information, including credit card numbers, CVV codes, expiration dates, names, email addresses, and physical locations . The exposure of this information raised significant concerns around identity theft and fraud in affected jurisdictions. International Collaboration and Cybercrime Enforcement The enforcement operation was led by the US Secret Service’s Frankfurt Resident Office and the FBI’s Albuquerque Field Office, with cyber forensic assistance from the Secret Service’s Cyber Investigative Section. The case also involved international coordination with law enforcement bodies, including the Dutch National High Tech Crime Unit, The Shadowserver Foundation, and cybersecurity firm Searchlight Cyber. Officials involved in the announcement included US Attorney Erik S. Siebert, Special Agent John Szydlik of the US Secret Service, and Acting Special Agent Philip Russell of the FBI. The operation marks a continuation of US federal efforts to dismantle cybercriminal infrastructure operating on the dark web and to disrupt illegal marketplaces that rely on cryptocurrency for payments. This takedown follows other notable actions against dark web platforms in recent years, including the closures of Hydra Market and AlphaBay. Featured image created with DALL-E, Chart from TradingView
Russia is entering the cryptocurrency derivatives market, as the Moscow Stock Exchange kicked off bitcoin futures trading on June 4, limited exclusively to “highly qualified” investors. This move comes as Russia cautiously experiments with crypto-related financial instruments, amid ongoing regulatory uncertainty. These new contracts are linked to Blackrock’s bitcoin exchange-traded fund (ETF), the Ishares Bitcoin
According to recent data from LookIntoChain, a dormant whale wallet identified by the prefix 0x6E45 has reactivated after three years, transferring an enormous volume of 100.45 trillion SHIB tokens to
The post Elon Musk vs Donald Trump: What Led To a Billion-Dollar Fallout? appeared first on Coinpedia Fintech News Elon Musk and President Donald Trump’s public clash took a dramatic turn on Friday. In a new fresh controversy, Musk has announced the immediate shutdown of SpaceX’s Dragon spacecraft, a key vehicle used by NASA. Musk Slams Spending Bill, Trump Threatens to Cut Billions Trump criticized Musk and said that the government should stop giving him billions of dollars in subsidies and contracts. It’s important to understand that NASA relies on SpaceX’s Dragon to transport astronauts to and from the ISS, under a $4.9 billion deal. It’s currently the only U.S. spacecraft that can carry humans into orbit. In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW — Elon Musk (@elonmusk) June 5, 2025 Musk Backs Off After “Team America” Moment This move would disrupt the global ISS program, with only Russia’s Soyuz as the next option. But after a user urged Musk and Trump to cool down their fights, Musk reacted, saying, “Good advice. Ok, we won’t decommission Dragon.” Soon after, he posted a photo of the US flag with the Dragon spacecraft in the background, saying “Team America”. Team America https://t.co/Y127aEcTwH — Elon Musk (@elonmusk) June 6, 2025 This came after President Trump warned he might cancel government deals with Musk and Tesla, after the billionaire strongly criticised the President’s tax and spending plans. Musk was disappointed by the massive spending bill because he claimed that it increases the budget deficit instead of reducing it, and it goes against the efforts of the DOGE cost-cutting team he led. Their clash started a day earlier during a tense Oval Office meeting. Trump expressed disappointment, saying that Musk had previously supported a key government spending bill but suddenly changed his mind. For the unversed, Trump had given Musk a big farewell as he wrapped up his role leading the government’s cost-cutting team, DOGE. But Musk said that it wasn’t true that he saw the bill before it passed. He added “Whatever” along with a video where Trump said Musk was upset about losing electric vehicle subsidies. Musk even said that Trump wouldn’t have won the election without his help, pointing out he was Trump’s biggest campaign donor, giving almost $300 million. Whatever. Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill. In the entire history of civilization, there has never been legislation that both big and beautiful.… — Elon Musk (@elonmusk) June 5, 2025 JD Vance Sides with Trump Vice President JD Vance said he is “proud to stand beside” President Trump, calling him a trusted leader. This came after Musk backed calls for Trump to be impeached and replaced by Vance. The clash has also turned personal now as Musk has recently fired back with an unverified claim linking Trump to Epstein documents, adding fuel to the fire. One user on X joked, “The big beautiful bill led to the big beautiful breakup,” over the tussle between the two. Despite the heated tensions, when billionaire investor Bill Ackman urged the two to “make peace for the good of the country,” Musk replied, “You’re not wrong.” Tesla Tanks 8% Tesla shares dropped sharply, falling 8% after Musk’s comments. The shares were down 15% on Thursday. Musk has also warned that the President’s tariffs, which shook global markets, might cause a recession in the second half of the year.
James Wynn, a pseudonymous crypto trader who rose to online fame for turning meme coin bets into millions, has revealed he lost $100m in a matter of days after an aggressive string of leveraged trades on Hyperliquid. Wynn, who first gained attention for turning a $7,000 position in the meme coin PEPE into over $25m, shared his story Friday on X. In a candid post, he said he began trading perpetual futures in March, despite having no prior experience with derivatives. “I started trading on perps in March, had never traded perps before, in fact never really traded properly before. I’ve just traded meme coins,” he wrote. I started trading on perps in March, had never traded perps before, in-fact never really traded properly before, I’ve just traded meme coins. (Before I was known for calling pepe at 600k and making 8 figures). In one month I turned about $3m into $100m and then lost it all in… — James Wynn (@JamesWynnReal) June 6, 2025 From Meme Coins to Millions, Then Mayhem That inexperience did not hold him back, at least initially. Within a month, Wynn said he turned a $3m position into $100m through a series of high-leverage trades. His success, all trackable on-chain, attracted attention fast. His social media following ballooned as crypto traders scrambled to replicate or monitor his positions. But the newfound visibility proved double-edged. Wynn admitted that the pressure of being in the spotlight warped his judgment. “With all this new attention the trading spiraled out of control. I was basically gambling,” he said. “I got greedy. I wasn’t taking the numbers on the screen seriously.” Transparency Made Wynn a Star—Then a Cautionary Tale In mid-May, Wynn had amassed a $1.25b long position on Bitcoin , betting big at an average entry price of around $108,243. The position, built with as much as 40x leverage, left little margin for error. When US President Donald Trump posted a tweet threatening tariffs on the European Union, global markets turned sharply. Bitcoin dipped below Wynn’s liquidation price, wiping out nearly his entire position in a series of cascading losses. The rapid reversal shocked many in the crypto community, where Wynn had become a divisive figure. Some hailed him as a modern trading icon, while others accused him of reckless gambling or even market manipulation. The post Crypto Trader James Wynn Confesses He ‘Lost Control’ After Losing $100M in a Month appeared first on Cryptonews .
According to Farside Investors data reported by COINOTAG News on June 6th, the US Bitcoin spot ETF market experienced a significant net outflow totaling $278.4 million yesterday. Key contributors to
According to COINOTAG News on June 6th, data from Farside Investors reveals a net inflow of $11.3 million into the US Ethereum spot ETF market. The inflow was primarily driven
Web3 security breaches in May 2025 resulted in staggering losses of approximately $266 million, underscoring critical vulnerabilities within decentralized finance ecosystems. Significant attacks, including the Cetus Protocol exploit within the
Vehicles tracking memecoins and Pudgy Penguins tokens and NFTs among recent filings