COTABATO CITY — Non-uniformed policemen seized P7.4 million worth of crystal meth (shabu) from a trafficker entrapped in Barangay Gadongan in Marawi City, Lanao del Sur on Saturday, with the help of local executives and Maranao community leaders. Local executives and ranking members of the multisector Lanao del Sur Provincial Peace and Order Council, chaired […]COTABATO CITY — Non-uniformed policemen seized P7.4 million worth of crystal meth (shabu) from a trafficker entrapped in Barangay Gadongan in Marawi City, Lanao del Sur on Saturday, with the help of local executives and Maranao community leaders. Local executives and ranking members of the multisector Lanao del Sur Provincial Peace and Order Council, chaired […]

Bangsamoro cops seize P7.4-M shabu in Marawi operation

2025/12/07 20:36

COTABATO CITY — Non-uniformed policemen seized P7.4 million worth of crystal meth (shabu) from a trafficker entrapped in Barangay Gadongan in Marawi City, Lanao del Sur on Saturday, with the help of local executives and Maranao community leaders.

Local executives and ranking members of the multisector Lanao del Sur Provincial Peace and Order Council, chaired by Governor Mamintal A. Adiong, Jr. separately confirmed to reporters on Sunday that the 33-year-old suspect is now detained, to be prosecuted for violation of the Comprehensive Dangerous Drugs Act of 2002.

Brig. Gen. Jaysen C. De Guzman, director of the Police Regional Office-Bangsamoro Autonomous Region, said on Sunday that the suspect was arrested by combined operatives from the Lanao del Sur Provincial Police Office, the Marawi City Police Station and the City Police Drug Enforcement Unit after selling 1.1 kilo of shabu during an entrapment operation on Saturday morning in Barangay Gadongan.

Mr. De Guzman said the suspect yielded peacefully when he sensed that he had sold drugs to plainclothes policemen, together led by Capt. Macabantog A. Batao and his superior, Marawi City’s police chief, Lt. Col. Muhiddin G. Pagayawan, during a tradeoff at one area in Barangay Gadongan. — John Felix M. Unson

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

CME Group to launch options on XRP and SOL futures

CME Group to launch options on XRP and SOL futures

The post CME Group to launch options on XRP and SOL futures appeared on BitcoinEthereumNews.com. CME Group will offer options based on the derivative markets on Solana (SOL) and XRP. The new markets will open on October 13, after regulatory approval.  CME Group will expand its crypto products with options on the futures markets of Solana (SOL) and XRP. The futures market will start on October 13, after regulatory review and approval.  The options will allow the trading of MicroSol, XRP, and MicroXRP futures, with expiry dates available every business day, monthly, and quarterly. The new products will be added to the existing BTC and ETH options markets. ‘The launch of these options contracts builds on the significant growth and increasing liquidity we have seen across our suite of Solana and XRP futures,’ said Giovanni Vicioso, CME Group Global Head of Cryptocurrency Products. The options contracts will have two main sizes, tracking the futures contracts. The new market will be suitable for sophisticated institutional traders, as well as active individual traders. The addition of options markets singles out XRP and SOL as liquid enough to offer the potential to bet on a market direction.  The options on futures arrive a few months after the launch of SOL futures. Both SOL and XRP had peak volumes in August, though XRP activity has slowed down in September. XRP and SOL options to tap both institutions and active traders Crypto options are one of the indicators of market attitudes, with XRP and SOL receiving a new way to gauge sentiment. The contracts will be supported by the Cumberland team.  ‘As one of the biggest liquidity providers in the ecosystem, the Cumberland team is excited to support CME Group’s continued expansion of crypto offerings,’ said Roman Makarov, Head of Cumberland Options Trading at DRW. ‘The launch of options on Solana and XRP futures is the latest example of the…
Share
BitcoinEthereumNews2025/09/18 00:56
SEC Approves Decision Concerning Bitcoin and 9 Altcoins – The Dow Jones of Cryptocurrencies May Have Arrived

SEC Approves Decision Concerning Bitcoin and 9 Altcoins – The Dow Jones of Cryptocurrencies May Have Arrived

The post SEC Approves Decision Concerning Bitcoin and 9 Altcoins – The Dow Jones of Cryptocurrencies May Have Arrived appeared on BitcoinEthereumNews.com. While the cryptocurrency market doesn’t yet have a comprehensive index like the Dow Jones or S&P 500, Bitwise is one step closer to filling this void. The company’s new exchange-traded product, Bitwise 10 Crypto Index ETF (BITW), has begun trading, offering individual investors and financial advisors access to the 10 largest crypto assets in a single product. BITW’s portfolio includes the following digital assets: Bitcoin, Ethereum, XRP, Solana, Chainlink, Litecoin, Cardano, Avalanche, Sui, and Polkadot. Bitwise CEO and co-founder Hunter Horsley told CNBC that this conversion makes the company the first to include altcoins like Cardano, Avalanche, Sui, and Polkadot, which don’t currently have spot ETFs, in an ETF from a major asset manager. “This step significantly broadens the investor base that can access various crypto assets,” Horsley said. “This is particularly important for assets without a spot ETF.” According to the CEO, this ETF also provides significant accessibility for smaller investors who invest through individual retirement accounts (IRAs) or pension funds and are only able to access ETFs. BITW, previously an index fund containing the same assets, has been converted to an ETF and is now listed on the stock exchange with $1.5 billion in assets under management. The ETF structure provides additional benefits to investors by offering greater trading flexibility, tax advantages, and lower costs, along with broader trading permissions. This development follows an expanded wave of ETFs that followed the U.S. Securities and Exchange Commission (SEC) approval of spot Bitcoin ETFs in January 2024. Since then, asset managers have sought approval for a wider range of ETFs, from altcoins like Sui and Aptos to Trump-themed tokens and memecoins like Dogecoin. However, as the market matures, crypto assets are beginning to take on their own dynamics, suggesting that broad-based products like BITW could offer a diversification tool similar…
Share
BitcoinEthereumNews2025/12/10 06:40