EXCLUSIVE: Ex-SafeMoon CTO admits rug pull, details insider exemptions
According to former SafeMoon CTO Thomas “Papa” Smith, “As soon as I start asking you to trust me, you shouldn’t.” Source link
Coinbase
Tech & AI
Celsius Founder Alex Mashinsky Sentenced to 12 Years in Prison
Under the applicable sentencing guidelines, Mashinsky could have faced up to 30 years in prison. But federal judges are required to take into account various additional factors when coming to a sentence, including the characteristics and personal history of a defendant, the likelihood they might reoffend, and so on. “It’s a complicated patchwork of facts
Crypto
Trump feels manipulated after learning his XRP post was pushed by Ripple-linked lobbyist
Key Takeaways Trump felt manipulated after discovering his post was influenced by a lobbyist linked to Ripple Labs. Ballard Partners, despite the incident, gained 130 new clients with $14 million revenue in Q1 2025. Share this article In March, Trump shocked the crypto community after publicly endorsing XRP, Solana, and Cardano for a proposed US
Coinbase
BREAKING: Celsius founder Alex Mashinsky receives 12-year sentence
Mashinsky’s lawyers argued that a 15-year sentence would be “too much,” and that his deeds aren’t comparable to other scams like OneCoin. Source link
Tech & AI
Ex-Synapse CEO reportedly trying to raise $100M for his new humanoid robotics venture
Sankaet Pathak’s last startup, fintech Synapse, filed for bankruptcy in 2024 amid issues with partner Evolve Bank & Trust. Tens of millions of dollars in deposits made by consumers, mostly customers of fintechs that worked with Synapse, remain unaccounted for. Yet according to The Information, Pathak is reportedly moving full steam ahead on attempts to
Bitcoin
Celsius Boss Falls: Alex Mashinsky Sentenced to 12 Years for $7B Fraud
Alex Mashinsky, the former CEO of cryptocurrency lender Celsius Network, was sentenced today to 12 years in prison for defrauding customers and manipulating the price of the platform’s native token, CEL. In December 2024, Mashinsky pleaded guilty to one count of commodities fraud and one count of securities fraud, admitting to misleading investors about Celsius’s
Crypto
Bitcoin Breaches $100K As US-UK Sign Trade Deal And Arizona Approves Crypto Reserve Law
Bitcoin has made a dramatic return to six-figure territory and reclaimed its $100k milestone for the first time since January 2025. On 8 May 2025, BTC surged 4.2% from an intraday low of $95,967. As optimism returns to the crypto landscape, Bitcoin’s recent push towards $100k can be credited to bullish macroeconomic signals, including a
Coinbase
USD1 is a top stablecoin with no attestation and no transparency
Donald Trump-endorsed USD1 stablecoin has grown to over $2 billion in market capitalization but provides no transparency. Source link
Tech & AI
Microsoft announces compact Surface Laptop, Surface Pro
UPDATE: May 8, 2025, 2:25 p.m. EDT After announcing its new compact Surface Copilot+ PCs this week, Microsoft is no longer selling the $999.99 configurations of its flagship Surface Laptop 7 and Surface Pro 11 with 10-core Snapdragon X Plus processors, 16GB of RAM, and 256GB SSD. (However, Amazon and Best Buy still had them
Crypto
$500M in Shorts Liquidated as Bitcoin (BTC) Blasts Above $101K
It almost felt inevitable today that bitcoin will eventually break past the coveted $100,000 milestone and after a brief hesitation, the asset has soared to a new multi-month peak above $101,000. The altcoins have followed suit with massive price gains from the likes of PEPE, SUI, FARTCOIN, and many others. BTCUSD. Source: TradingView CryptoPotato reported