CoinDesk Podcast Network U.S. Cracks Down on Cambodian Pig Butchering | CoinDesk Daily
Oct 15, 2025
In a striking crackdown, the DOJ seized a staggering 127,271 bitcoin, valued at $14 billion, linked to the Cambodia-based Prince Group, accused of running a forced-labor scam. The discussion dives into the implications of this historic seizure and the legal ramifications for crypto operations. Jennifer also shares insights on the Fed potentially ending quantitative tightening and Bitcoin's stable response to market changes. Plus, there's news on CME launching options for Solana and XRP futures, marking a new trend in digital asset trading.
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Fed Nears End Of Balance Sheet Shrinkage
- Jerome Powell signaled the Fed may soon stop reducing its balance sheet after quantitative tightening since 2022.
- Markets now price roughly 225 basis points of rate cuts by year-end, and Bitcoin held near $112,000.
CME Expands Crypto Options Suite
- CME Group launched options tied to XRP and Solana futures to expand institutional crypto derivatives.
- Major firms like Wintermute and Galaxy executed initial trades across daily, monthly, and quarterly expiries.
DOJ Seizes Massive Bitcoin From Prince Group
- U.S. authorities targeted Cambodia-based Prince Group for allegedly operating forced-labor scam operations.
- The DOJ seized 127,271 Bitcoin, calling it its largest-ever crypto seizure at about $14 billion.