Sam Bankman-Fried's Early Release, Schiff Vs Vance, Bitcoin's Fall, And Trump's Meme Coin Dinner: This Week In Crypto

Ananya Gairola

June 01, 2025

The past week was a rollercoaster ride in the world of finance and cryptocurrency. From the early release of a notorious fraudster to a heated debate over Bitcoin’s value, the weekend was packed with intriguing stories.

Here’s a quick recap of the top stories that made headlines.

Sam Bankman-Fried’s Early Release

Once a promising figure in the cryptocurrency world, Sam Bankman-Fried is now set to leave prison four years ahead of his 25-year sentence. The Federal Bureau of Prisons has updated its inmate database to reflect the new release date of Dec. 14, 2044, thanks to “good conduct time” credits. Bankman-Fried’s pre-sentence time in jail also contributed to this early release.

Read the full article here.

Schiff Challenges Vance On Bitcoin

Economist and market commentator Peter Schiff publicly disagreed with Vice President JD Vance‘s support for Bitcoin at a recent cryptocurrency conference. Schiff challenged Vance’s remarks, sparking a debate over the true value and impact of Bitcoin.

Read the full article here.

See Also: Hedera Co-Founder Predicts That ‘Everything Of Value’ Will Be Tokenized

Bitcoin Drops To $105,000

Bitcoin’s (CRYPTO: BTC) value took a hit, dropping below $105,000 after President Donald Trump warned that the U.S. is “no longer Mr. Nice Guy” in its trade agreement with China. This swift drop reveals that Bitcoin still behaves more like high-beta tech than a geopolitical hedge.

Read the full article here.

Google’s Quantum Warning

Alphabet Inc.’s Google has warned that RSA encryption, a key security feature in securing Bitcoin, may be more vulnerable to quantum computing attacks than previously thought. New research suggests that RSA encryption could be broken with 20 times fewer quantum resources.

Read the full article here.

Trump’s Meme Coin Dinner

A black-tie gala hosted by Donald Trump for top TRUMP (CRYPTO: MAGA) meme coin holders turned into a high-net-worth crypto networking event. Despite Trump’s brief appearance, the event served as a valuable gathering for major players in the crypto space.

Read the full article here.

Read Next:

White House Says Gold Reserves May Be Used to Purchase Bitcoin

Photo courtesy: Shutterstock

This story was generated using Benzinga Neuro and edited by Ananya Gairola

Recommended

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

A Trump Order Could Send This $7 Stock Soaring - Ad

WASHINGTON (AP) — sided with e-cigarette companies on Friday in a ruling making it easier to sue over Food and Drug Administration decisions blocking their products from the multibillion-dollar .

New Zealand Prime Minister Luxon talks trade in meeting with China's Xi

BEIJING (AP) — The prime minister of New Zealand stressed the importance of his country's in a meeting with Chinese leader Xi Jinping on Friday.

How high will Bitcoin go in 2025?

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

Mark Zuckerberg's Meta Dangled '$100 Million Signing Bonuses' To OpenAI Team Members, Says Sam Altman: Happy 'None' Of Our Best People Took Them

OpenAI CEO Sam Altman says Meta tried to poach his top researchers with $100 million offers, but none left, believing OpenAI has a better shot at achieving AGI.

Tesla's Robotaxi Launch Could Be Key To $310 Price Target, Says Gary Black

Gary Black sets $310 price target for Tesla, citing factors such as streamlined federal processes, new models, EV credit and declining EPS.

RFK Jr Prepping for Big Pharma BLIITZKRIEG?

RFK Jr Prepping for Big Pharma BLIITZKRIEG? - Ad

RFK Jr just joined Trump's cabinet and wasted no time filing an executive order to overhaul American health. But what's coming next has Big Pharma terrified. RFK may expose their top secret-one that could save lives and cost them billions. That's why we're going public now.

Elon Musk's Neuralink Implants Brain Chip In 6th Patient, Enables Paralyzed Man To Move Cursor, Play Game With His Mind

Neuralink implants BCI on 6th person, Rob Grenier, a quadraplegic man who can now play videogame with his thoughts.

Elon Musk's Bombshell About Donald Trump in Epstein Docs: Here's the Truth Behind the Claim

Elon Musk's claim regarding President Trump's connection to the undisclosed Jeffrey Epstein files has ignited a political uproar.

Maverick Trader Reveals 97% Accurate System

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

London-bound Air India flight with more than 240 aboard crashes after takeoff from Ahmedabad, India

AHMEDABAD, India (AP) — Ahmedabad’s city police commissioner says there don’t appear to have been any survivors from an Air India airliner that crashed, and that there are likely also casualties from the area of the city where it went down.

Firms led by US military veterans deliver aid in Africa and Gaza, alarming humanitarian groups

ON A PLANE OVER UPPER NILE STATE, South Sudan (AP) — Swooping low over the banks of a Nile River tributary, an aid flight run by retired American military officers released a stream of food-stuffed sacks over a town emptied by fighting in , a country wracked .

A Better Hedge Than Gold?

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Apple Has Plummeted A Stunning 45% Vs. Mag 7 Since 2022

Apple's stock has fallen 45% since its 2022 peak, lagging behind other Big Tech peers due to tariffs, market weakness, and lackluster iPhone sales.

GOP Budget Bill Plans To Sell Over 2 Million Acres Of Public Land Across 11 States, Faces Pushback From Lawmakers And Conservationists

Republican budget bill proposes sale of 2 million acres of public land, facing opposition from conservation groups, hunting orgs, local officials.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Civil rights agency's acting chief to face questions on anti-DEI, transgender stances

WASHINGTON, D.C. (AP) — The acting chief of the country’s top agency for enforcing worker rights will face questions at a Senate committee hearing Wednesday over her efforts to while sidelining certain racial and gender discrimination cases and .

Here's How Dave's Hot Chicken Went From Humble Beginnings To A Billion-Dollar Food Empire

From a modest start in a parking lot, Dave's Hot Chicken has now entered the billion-dollar club.

Elon Just EMBARRASED NASA (But This Is So Much Worse)

Elon Just EMBARRASED NASA (But This Is So Much Worse) - Ad

This is unbelievable... FalconSpaceX just rescued two astronauts after NASA left them stranded in space for months. But even more shocking? Elon Musk is being granted access to NASA as part of his DOGE initiative - and he's poised to expose a decades-old Apollo mission secret they've kept buried.

Walz: Minnesota Lawmaker and Spouse Killed In 'Politically Motivated Assassination'

Minnesota Gov. Tim Walz (D) said Saturday morning that a Democratic state legislator and her husband were killed, and another lawmaker and his wife injured, in separate "targeted shootings" at their homes.

Elon Musk Reportedly Slammed Into Scott Bessent 'Like A Rugby Player' After Being Called a 'Fraud', Trump Said 'This Is Too Much'

Elon Musk reportedly engaged in a heated physical altercation with Treasury Secretary Scott Bessent at the White House in April.

Trump's Trinity: How to Triple Bitcoin's Gains

Trump's Trinity: How to Triple Bitcoin's Gains - Ad

Bitcoin just hit $100K. Trump pledged a U.S. Bitcoin Reserve. And his new crypto TRUMP boosted his net worth 9X in 48 hours. Together, this "Trump Trinity" could launch Bitcoin to $500K by the end of his term. But one little-known trade could triple Bitcoin's gains-faster, cheaper, and from any brokerage account.

Warren Buffett Makes Over $2.2 Million A Day From This Stock

Warren Buffett's Berkshire Hathaway is set to earn $816 million in Coca-Cola dividends in 2025.

Tesla stock plunges as Musk's feud with Trump over GOP tax bill spooks investors

Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear could end up hurting the company.

Judge Blocking DOGE From Revealing THIS FDA Secret?

Judge Blocking DOGE From Revealing THIS FDA Secret? - Ad

Democrats just filed a lawsuit to bring DOGE to a halt-and an Obama-appointed judge looks ready to help. It may be a rigged move to stop DOGE from exposing the FDA's biggest secret-a threat to billions in profits and political donations. That's why we're going public now.

MongoDB Is Poised To 'Emerge As A Winner In The AI Revolution': Analysts

Shares of MongoDB rallied in early trading on Thursday, after the company Wednesday reported upbeat fiscal first-quarter results.

T-Mobile Stock (TMUS) Plunges After SoftBank's $4.8B Share Sale: Report

T-Mobile stock is down over 4% after SoftBank reportedly sold $4.8 billion in shares at a discount. This major share sale by a key investor is contributing significantly to the stock's decline Tuesday.

Former Zillow Execs Target $1.3T Market

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Truck units of Toyota and Daimler reach merger deal, first announced two years ago

TOKYO (AP) — The truck divisions of Japan’s Toyota and Daimler of Germany have agreed to merge to form “a new strong Japanese truck powerhouse” to work together in vehicle development, procurement and production.

MyPillow Guy Mike Lindell Reportedly Plans To Testify At His Defamation Trial: 'I Have Nothing To Hide. I Am A Former Crack Addict'

Mike Lindell, CEO of MyPillow and a Trump supporter, will testify in his own defamation trial against Dominion's Eric Coomer, despite legal advice.

Nvidia's Plan to Dominate the World of Robotics ...

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

Trump's tariffs could pay for his tax cuts -- but it likely wouldn't be much of a bargain

WASHINGTON (AP) —

Tim Cook's Liquid Glass Reveal Is 'Cool,' Says Elon Musk — Apple's New Software Design A Hit Or A Miss With Everyone Else?

Apple's new Liquid Glass design in iOS 26 earned praise from Elon Musk, but sparked backlash from users and investor Ross Gerber, who say it strays from Steve Jobs' vision of simplicity.

Exposed: 3 Cent Crypto to Explode June 24th?

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Analysis: An outline is emerging of the US offer to Iran in their high-stakes nuclear negotiations

DUBAI, United Arab Emirates (AP) — The outline of the U.S. offer to Iran in is starting to become clearer — but whether any deal is on the horizon remains as cloudy as ever.

Elon Musk's SpaceX Suffers Major Setback As Starship Rocket Explodes In Static Fire Test

SpaceX's Starship 36 rocket exploded during a pre-flight static fire test at Starbase. No injuries reported, incident under investigation.

A Trump Order Could Send This $7 Stock Soaring

A Trump Order Could Send This $7 Stock Soaring - Ad

An executive order from Trump could unleash a $1.2T robotics boom-impacting 65M lives and reshaping entire industries. And one $7 stock, already backed by Nvidia, FedEx, and Toyota, is perfectly positioned. The order could hit this August... or sooner.

Amazon begins to ramp up its Zoox robotaxi factory as it prepares to challenge Waymo

HAYWARD, Calif. (AP) — Amazon is gearing up to make as many as 10,000 robotaxis annually at a sprawling plant near Silicon Valley as it prepares to challenge self-driving cab leader Waymo. Tesla CEO Elon Musk is also vying to join the autonomous race.

Embed-Chart-Mideast Wars-Oil Prices, ADVISORY

MIDEAST WARS-OIL PRICES — Chart. This AP digital embed chart tracks the price of Brent crude oil futures before and after the Israeli strike on Iranian sites early Friday local time. Oil prices spiked after the attack on Iran, a major oil producer. This chart is current as of June 13, 2025, and will not update. Source: FactSet.

How high will Bitcoin go in 2025?

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

Amazon Retrains Warehouse Workers For Satellite Jobs: 'It Really Is Life-Changing,' Says Project Kuiper Technician

Amazon.com Inc. is transforming warehouse workers into satellite technicians through education partnerships.

Trending Now

FBI's Kash Patel Denies Existence of Epstein Island Videos: 'We're Gonna Give You Everything We Can, We're Not Gonna Re-Victimize Women'

Maverick Trader Reveals 97% Accurate System - Ad

Air India Boeing 787-8 Returns To Hong Kong Mid-Flight Due To Technical Issue, Prompting Fresh Scrutiny Of Airline's Safety Protocols

Kevin O'Leary Once Said That Business School Graduates Know Nothing Until The Real World Smacks Them, Something He Learned The Hard Way— Now He Can Spot A Winner In 15 Minutes Flat

A Better Hedge Than Gold? - Ad

Nvidia Stock Seen As 'Unique Opportunity' Amid Chip Sector Volatility, Says Morgan Stanley: 'We Are Materially Under Shipping Demand'

Bitcoin, Ethereum, Dogecoin Bleed After Israel Launches 'Premptive Strike' Against Iran: Analyst Foresees 'Lower Levels' For ETH If It Fails To Hold This Support