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Avenue

Avenue

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Reimagining collaboration for a web3 world

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Avenue is a communications, collaboration, and community platform for DAOs and their contributors.

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Toronto Police Arrest 3 Canadian Military Members Suspected of Violent Kidnapping and Crypto Asset Theft

According to CTV News, Toronto police announced the arrest of seven suspects, three of whom are members of the Canadian Armed Forces (CAF), in connection with a violent abduction on July 25 near Finch and Bayview Avenue. The victim was forcibly handcuffed and assaulted, while suspects attempted to extort cryptocurrency assets and commercial security system access credentials. Police have laid a total of 82 criminal charges, including extortion and kidnapping, illegal possession of firearms, and drug trafficking. Searches yielded 3D-printed firearms, GPS tracking devices, large quantities of methamphetamine and cocaine, and approximately 2,500 rounds of ammunition suspected to have been stolen from the military. The implicated service members, Fernando (22) and Moreau (29), both reserve artillery personnel with the 7th Toronto Battalion, have been suspended from military duty. The Department of National Defence stated that military police are cooperating with the investigation and will strengthen ammunition management and tracking protocols.

Repays approximately $8.6 million in legacy debt, Hyperion DeFi launches stock buyback program

Odaily reports: Nasdaq-listed HYPE treasury company Hyperion DeFi (Nasdaq: HYPD) has announced the launch of a HYPD stock buyback program and has repaid approximately $8.6 million in legacy debt. The company stated that it has repaid all outstanding principal and interest under its loan agreement with Avenue Capital, with part of the repayment funded by HYPE token sales; it currently has no long-term outstanding debt. Hyperion DeFi also stated that the company recently raised its performance guidance and announced several new business initiatives, and that following the debt repayment it will have greater operational flexibility to expand its on-chain DeFi business and improve its capital structure.

Trump's youngest son Barron has retreated from public life; Melania: I respect his decision

Odaily News: Barron Trump, the youngest son of U.S. President Donald Trump, has withdrawn from the public eye and "gone into seclusion" over fears of being targeted for assassination. The 20-year-old Barron has just completed his sophomore year at New York University. After three assassination attempts on his father within two years, he is extremely eager to maintain a low profile. A source said: "The kid is pretty reclusive." It is reported that Barron dislikes being seen in public within the White House grounds and always moves "quickly," heading directly to his private residence.Recently, an Iranian media outlet aired footage allegedly tracking Barron's whereabouts, showing his university location, escort vehicles, and Secret Service posts, claiming his movements are "under full surveillance." The video also stated that a $10 million bounty has been placed on the 20-year-old Barron. Barron's fears stem not only from his father's experiences. Last September, MAGA podcaster Charlie Kirk was shot during a debate at the University of Utah, and Barron, a fan of Kirk, was deeply shaken by the incident.Melania once revealed Barron's reluctance to appear publicly in a documentary named after herself. While discussing with Secret Service agents whether family members would participate in Trump's inaugural parade and walk along Pennsylvania Avenue, Melania said: "I know Barron won't go out, and I respect his decision."It is reported that Barron has invested in cryptocurrency and appears to prefer playing a behind-the-scenes role. (First Financial)