Celebrity Token Mania

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gm Scrollers,

We are back after a lovely Memorial Day Weekend. We remember those who served and fought for us 🫡

Your mid-week scroll includes some crazyyyy headlines: Celebrity tokens are taking X by storm including Caitlyn Jenner, Iggy Azalea, and RichTheKid. FTX Partner Ryan Salame has been sentenced to 7 years. SEC ordered to pay a $2M fine to Debt Box. And so much more. Just Keep on Scrolling ⛓

• Ryan Salame, one of SBF’s closest partners in FTX, to serve 7 years (WSJ)

• FTX paid $25M to whistleblowers before bankruptcy (DLN)

• PayPal officially launches stablecoin PYUSD on Solana (WG)

• Christiano Ronaldo unveils 4th NFT collection with Binance despite $1B lawsuit (M)

• Someone transferred $277M of BTC (3,999) from Mt. Gox to an unknown wallet (@whale_alert)

• Celebrities are on a token creation rampage (@IGGYAZALEA) (@Caitlyn_Jenner) (@richthekid)

• Crypto takes a quick dump after Bitcoin surges past $70k again, now down to $67k

• BitTrue announces new venture arm with intent to make investments up to $200k per project (FF)

• Farallon Capital disclose a $85M investment in Grayscale GBTC (CS)

• Transak, a web3 payments company, raises $20M Series A (YF)

• GaiaNet announces $10M funding from Mirana Ventures, EVM Capital, and many angel investors (NFTG)

• LedgerWorks, a RiskOps-as-a-Service startup, closes $1.1M round led by Varys Capital and ThreePointZero Ventures (YF)

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• Worldcoin is facing bans worldwide (M)

• SEC to pay a $1.8M fine for Debt Box crypto exchange lawsuit (WG)

• Binance money laundering trial pushed to June 20 (CD)

• Supreme Court says BitGo $100M suit can proceed (CD)

• Marathon Digital inks deal with Kenya for under-utilized energy sources (BM)

• Donald Trump is very pro crypto and will protect it if he becomes president (TB)

• Crypto and celebrity X accounts hacked (M)

• The mystery man Sahil Arora behind multiple celebrities crypto token scams (@PaemayNFT)

• Caitlyn Jenner denies account hack and promotes token (TD)

• Normie memecoin hacked and falls 99% (CT)

• Two individuals convicted in crypto-linked dark web drug scheme (N.BTC)

• Inside the details of the smart contract ‘flaw’ causing the $NORMIE hack (@ProfoundWatcher)

• ETH ETF may help bitcoin says Saylor (CT)

• ETH is cracking down on shady token incentives (MR)

• Ethereum was basically deemed a commodity (WG)

• Solana community votes to give validators all priority fees (M)

• Balenciaga banks on web3 to boost customer loyalty (JD)

• Solana ecosystem incorporates web3auth infrastructure (YM)

• Crypto exchanges announce 1200 job openings (CN)

• BTC halving strains miners as revenue drops (TD)

• Ledger starts shipping its high end hardware wallet (M)

• Cardano knocked out of top 10 cryptocurrencies by market cap. due to memecoin frenzy (CT)

• The performance of decentralized education coins and what they are (DH)

• The difference between BTC and ETH ETFs (FT)

• The case for $1M BTC (MF)

• Crypto whales are on a buying spree (YF)

• Web3 and AI tech can transform information access (CT)

• Cracking a password to an 11 year-old wallet with $3M (W)

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