Bitcoin is range-bound, Telegram and Elon Musk partner for a $300 million deal, and a second man is arrested in another alarming CryptoLink kidnapping.

It's Wednesday, May 28, 2025. I'm Christine Lee. This is CoinDest Daily.

Bitcoin's upward trend showing signs of weakness Wednesday, trading within a narrow

5% range between $106,000 and $112,000, even as Wall Street tech stocks surged overnight

in anticipation of upbeat earnings from AI giant Navidia and Federal Reserve meeting minutes

to be released later in the day. Bullish trend lines indicate areas of strong demand for BTC, thus a move below one, is

generally seen as a sign of a potential reversal and a possible start of a downward move.

Prices have not been able to make significant gains this week despite a flurry of positive news, including stable

coin issuer circles plans to file for an IPO and Trump media's plans to raise $2.5 million

to purchase Bitcoin.

Telegram, a messaging app with 1 billion users announcing a $300 million deal with Elon Musk's

XAI to integrate the GROC AI chatbot, securing a 50% share of subscription

revenue sold through the platform.

The partnership includes cash and an equity investment driving Telegrams' tawn token to spike

over 20% to $3.67. Telegram's move aligns with its $1.5 billion bond offering to repurchase debt backed by major investors like Black Rock and Citadel.

Another alarming kidnapping targeting cryptocurrency.

A second crypto investor, William Duplice, surrendered to New York City police on Tuesday,

facing charges of kidnapping, assault, and unlawful imprisonment in the torture of an Italian man

held for nearly three weeks in a Manhattan townhouse to extract his Bitcoin password.

The victim escaped bloodied and barefoot on Saturday, leaning to the earlier arrest of another

investor, John Wolz, in the same case. Authorities found evidence including Polaroid photos documenting the abuse,

which involve beatings, electric shocks, and threats to the victim's family. The trend has become

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