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Today's Top Crypto Headlines:
TikTok Trader Kidnapped | ZKJ Token Crash | Bitcoin $140K Target and more...
King Fatrick Gil Añasco
June 16, 2025
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Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
TikTok Trader Kidnapped for Crypto: A 26-year-old French TikTok crypto trader was kidnapped by four men demanding €50K in crypto. After realizing his wallet was nearly empty, the attackers released him.
ZKJ Token Drops 83%: Polyhedra’s ZKJ token crashed from $2 to $0.31 after abnormal trades involving the ZKJ/KOGE pair triggered a liquidity cascade. Nearly $500M in value was wiped out in hours.
💡Feature of the Day - Bitcoin Bull Target: $140K: Bitcoin traders project a $140K to $270K range in the current bull cycle, citing strong patterns like ascending wedges and golden crosses.
All this and more in today’s headlines!
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📰 News Highlights:
A 26-year-old TikTok crypto trader from Northern France was kidnapped by four men demanding €50,000 in crypto.
A 26 year old TikTok influencer was kidnapped by 4 men in… you guessed it… France but was released after they realized he didn’t have as much money as he said he did online.
Fake PnL screenshots are never worth it
— Beau (@beausecurity)
12:13 PM • Jun 15, 2025
The attackers forced him into a stolen vehicle and assaulted him during the ordeal.
However, the kidnappers released him the next day after realizing he couldn’t afford the ransom.
The victim showed them his nearly empty crypto wallet, prompting the release.
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Polyhedra’s governance token, ZKJ, crashed by 83% — falling from $2 to $0.31 — due to “abnormal on-chain transactions” involving the ZKJ/KOGE pair.
Dear Polyhedra community — we want to emphasize that the fundamentals of Polyhedra remain strong, both in our technology and in the incredible support from our community. We’re continuing to build and push forward as planned.
Today’s price drop was caused by a series of abnormal— Polyhedra (@PolyhedraZK)
2:49 PM • Jun 15, 2025
Binance reported that large holders withdrawing tokens triggered a rapid liquidity cascade.
Binance is aware that ZKJ and KOGE have experienced significant price volatilities and our initial findings indicate the developments were a result of large holders removing on-chain liquidity, and liquidation cascade in the market.
In order to maintain market fairness and
— Binance (@binance)
4:56 PM • Jun 15, 2025
The token briefly recovered before plummeting again, wiping nearly $500 million in value in hours.
📢 $ZKJ is CRASHING — but here’s what most people don’t know 👇
#Polyhedra just unlocked 15.5M tokens ($30M+) on May 19. That triggered a massive sell-off, with price dumping over 90% and volume down 40%+.
Everyone's panicking… but the fundamentals? Still good.
Backed by— Crypto Patel (@CryptoPatel)
3:33 PM • Jun 15, 2025
Although some blame a recent token unlock and speculate foul play, Polyhedra denied wrongdoing and said it’s reviewing the incident.
💡 Feature of the Day:
Bitcoin traders are increasingly optimistic, with many targeting $140K to $270K in this bull run.
#Bitcoin is trending upward in an Ascending Broadening Wedge 🔥
This pattern has recently formed for weeks and is expected to reach $170k levels 🚀
$BTC— Trader Tardigrade (@TATrader_Alan)
10:14 AM • Jun 15, 2025
Analysts cite strong technical patterns like the ascending broadening wedge and golden cross indicators, historically followed by major BTC gains.
#Bitcoin 50 SMA and 200 SMA formed a Golden Cross 🔥
This signal has boosted $BTC by 49%, 125%, and 68% since 2023 whenever it has occurred.
If $BTC experiences its worst and best gains from this point, it could reach $152k and $229k.
These targets are reasonable given the recent— Trader Tardigrade (@TATrader_Alan)
10:19 AM • Jun 14, 2025
BTC is currently consolidating above $100K, but sentiment remains bullish.
$BTC , possible wave 2 down to $92k would build nice momentum till October around $270k
— BigMike7335 (@Michael_EWpro)
7:27 PM • Jun 14, 2025
😂 Crypto Meme of the Day:
Meme of the day provided by @Gate_io
And that’s it for this today.
See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com