# Daily Crypto Recap: Shocking Kidnapping Conviction and Major Market Moves

*Results for Wednesday , July 23*

By [block1337](https://paragraph.com/@block1337) · 2025-07-23

#crypto #bitcoin #ethereum #cryptonews #investing

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### **Daily Recap, July 23**

🔫 **A gang that kidnapped a "crypto millionaire" (whose wallet had only $9) was convicted in London.**

🚬 **Arthur Hayes published a new essay predicting Bitcoin will reach $250K and Ethereum $10K by year’s end.**

⛪️ **A Colorado pastor and his wife are accused of a $3.4M crypto fraud.**

💤 **Bitcoin hodlers from 5 years ago are "waking up"—today, they moved 10,606 BTC (~$1.26B) to unknown wallets.**

🪙 **BNB, Binance’s native token, hit a new all-time high above $800 overnight.**

🪙 **Around 519K ETH (~$1.9B) is queued for unstaking—the largest amount since January 2024.**

🔮 **Polymarket is considering launching its own stablecoin.**

💸 **PayPal officially unveiled _PayPal World_, a new platform integrating major payment systems and digital wallets.**

🪙 **Tether revealed part of its investment portfolio—its CEO said USDT’s issuer has already invested in 120+ companies and plans to expand.**

📊 **Stocks of firms buying altcoins are surging faster than the coins themselves—up ~150% daily and 220+% monthly, while crypto prices remain flat.**

💰 **MARA Holdings is raising an additional $850M to buy BTC (it currently holds 49,940 BTC worth $6B).**

🇷🇺 **Putin signed a law setting a mass rollout of Russia’s digital ruble (CBDC) for September 1, 2026.**

🪙 **Jack Dorsey’s Square begins deploying devices for BTC payments.**

🗽 **Tether’s executives visited the White House and are now working on entering the U.S. market.**

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*Originally published on [block1337](https://paragraph.com/@block1337/daily-crypto-recap-shocking-kidnapping-conviction-and-major-market-moves)*
