Czech Justice Minister Pavel Blazek resigned following backlash over his ministry’s sale of Bitcoin donated by a convicted criminal. Czech Justice Minister Pavel Blazek has stepped down following a scandal over his ministry’s sale of nearly $45 million worth of Bitcoin donated by a convicted drug trafficker. The controversy erupted on May 28 after the ministry posted on X that it had raised close to 1 billion Czech koruna (approximately $45 million) by auctioning off nearly 500 Bitcoin (BTC). The funds were earmarked for projects such as digitizing the justice system, combating drug use in prisons, and improving housing for prison staff. Read more
French prosecutors charged 25 people over a wave of crypto-related kidnappings. However, the masterminds remain at large. French authorities have charged 25 individuals, including six minors, over a series of kidnappings and attempted abductions linked to the country’s cryptocurrency sector. The group, aged between 16 and 23, faces charges connected to multiple plots targeting prominent crypto figures and their families, Le Monde reported, citing an announcement from the Paris public prosecutor’s office on May 31. Per the report, 18 suspects are now in pre-trial detention, three have requested a deferred hearing, and four remain under judicial supervision. Read more
According to PeckShield, 20 major crypto hacks were reported in May, resulting in total losses of $244.1 million. In May, the total amount stolen from crypto hacks declined drastically compared to April, with the largest incident making up around 90% of the month’s total, according to a blockchain security firm. The decline comes as the crypto industry has been stepping up its efforts to stay ahead of hackers. “In May 2025, ~20 major crypto hacks were recorded, resulting in total losses of $244.1M — a 39.29% decrease from April,” blockchain security firm PeckShield said in a May 31 X post. The most significant hack of the month occurred on the Cetus decentralized exchange on May 22, with $223 million in user losses within 24 hours. Read more
Ross Ulbricht’s auction of personal belongings fetched more than $1.8M in Bitcoin, with standout items like his prison ID card and artwork drawing top bids. An auction of personal belongings from Silk Road founder Ross Ulbricht has brought in more than $1.8 million worth of Bitcoin as collectors vied for pieces of crypto history. Ulbricht, who was pardoned by former President Donald Trump earlier this year, offered a range of items through Bitcoin-only marketplace Scarce City. The collection included personal effects from before his 2013 arrest — such as a sleeping bag, backpack, and drum — as well as prison memorabilia like a lock, notebook, clothing, and several paintings created while incarcerated. Read more
An appearance from Michael Saylor on The Joe Rogan Experience would “shatter the internet,” according to a Bitcoiner. Strategy co-founder Michael Saylor has publicly expressed interest in discussing Bitcoin with podcaster Joe Rogan on the world’s most-listened-to podcast, The Joe Rogan Experience (JRE). “Hey @joerogan, let’s talk about Bitcoin,” Saylor said in a May 31 X post in response to a Joe Rogan fan account asking, “Who’s one guest you’d love to see Joe Rogan interview that he hasn’t had on yet?” Saylor’s post prompted speculation within the Bitcoin (BTC) community. Popular Bitcoiner, The Bitcoin Therapist, said, “This interview will shatter the internet.” Read more
Analysts anticipate a clear breakout for Bitcoin, GameStop makes its first move with the purchase of 4,710 Bitcoins: Hodler’s Digest GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin, according to a statement posted May 28 on the companys X account. The company did not specify how much it paid for the Bitcoin or when the purchases were made in the announcement, while its Form 8-K filing with the US Securities and Exchange Commission also offers little detail. The amount purchased was worth around $513 million at the time of writing. The announced acquisition is GameStop’s first publicly acknowledged Bitcoin purchase since the company disclosed plans to move into Bitcoin investment in March. Read more
Newer Bitcoin treasury companies have not yet been battle-tested in prolonged bear market conditions, the Bitcoin maximalist said. Bitcoin (BTC) maximalist Max Keiser recently cast doubt on the ability of newer Bitcoin treasury companies, emulating the corporate BTC reserve system popularized by Strategy co-founder Michael Saylor, to maintain financial discipline during a protracted bear market. According to the Bitcoin maximalist, Michael Saylor has weathered a previous bear market and continued to accumulate BTC with high conviction, a scenario that newer BTC treasury companies have yet to encounter. Keiser wrote in a May 30 X post: "Strategy is the Bitcoin of BTC treasury plays. Proceed accordingly," Keiser wrote in an earlier X post. Read more