Eclipse Labs Promotes Vijay Chetty to CEO Nearly a Week After Neel Somani’s Ouster
Neel Somani, the founder and CEO of Eclipse Labs, stepped down after sexual assault allegations recently surfaced.Source
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Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme
Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme.Source
Izzy Englander’s Millennium, Paul Singer’s Elliott Among Bitcoin ETF Holders
After Tuesday’s surprising disclosure of a $161 million allocation from the State of WIsconsin, more investment whales turned out to have been part of the unprecedented success of the ETFs.Source
What the DOJ’s First MEV Lawsuit Means for Ethereum
In a highly technical overview of an exploit that has since been patched, government prosecutors find that exploiting code is a crime. CoinDesk reached out to several experts in the Ethereum community to get their views on the case.Source
Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally
Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.Source
U.S. House’s McHenry Says Senate May Be Swayed if Many Democrats Back Crypto Bill
The result of next week’s expected vote on U.S. legislation to regulate the cryptocurrency industry will strongly influence the odds the U.S. Senate gets on board, said Rep. Patrick McHenry (R-N.C.), the chairman of the House Financial Services Committee and a leading advocate for crypto legislation in the waning months of his career in Congress.Source
The Protocol: Lido Backers vs EigenLayer
In this week’s issue, we’ve got the scoop on a new possible rival to restaking pioneer EigenLayer. PLUS Are meme coins an investable asset class? With the latest Runes data and $70M of project fundraisings.Source
DePIN’s Solution to AI’s Biggest Blind Spot
Decentralized machine perception, managed by tokens and cryptographically secure, could offer a privacy and effectiveness upgrade over centralized systems, says Nils Pihl, CEO and Founder of Auki Labs.Source
Former FTX Exec Ryan Salame Asks for Lenient 18 Months in Prison
Attorneys for former FTX executive Ryan Salame are asking for 18 months in prison, citing his cooperation with authorities and remorse.Source