CoinDesk Podcast Network Second Man Arrested in NYC Crypto Kidnapping | COINDESK DAILY
May 28, 2025
In an alarming turn of events, a second man has been arrested in a cryptocurrency-linked kidnapping case in NYC, highlighting a disturbing trend of crime in the digital currency space. Meanwhile, Bitcoin remains rangebound despite some bullish indicators. A major collaboration between Telegram and Elon Musk is set to revolutionize messaging with a $300 million integration of Grok AI. The intersection of crime and crypto is pushing the boundaries of both market dynamics and security concerns.
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Bitcoin's Limited Price Movement
- Bitcoin remains stuck in a narrow price range despite positive industry news.
- This suggests underlying demand areas hold strong but broader bullish momentum is weak.
Telegram and Elon Musk AI Deal
- Telegram partnered with Elon Musk's xAI to integrate Grok AI with a $300 million deal.
- The collaboration includes revenue sharing and an equity investment, boosting Telegram's token value.
Crypto Kidnapping Shocks NYC
- William Duplessis surrendered to NYC police for kidnapping and torturing an Italian man to steal Bitcoin passwords.
- The victim escaped after nearly three weeks, highlighting alarming criminal activity tied to crypto.