Bitcoin seeks ‘crazy numbers,’ JD Vance is going to talk about Bitcoin at Hodler’s Digest, May 4-10.
Bitcoin seeks ‘crazy numbers,’ JD Vance is going to talk about Bitcoin at Hodler’s Digest, May 4-10.
Mashinsky’s 12-year sentence sets Trump-era enforcement tone.
Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison for fraud by the Southern District of New York.
Lawyers for Mashinsky wanted a lenient punishment. They emphasized his military service, immaculate record before Celsius, and willingness to plead guilty. On April 28, US prosecutors recommended a 20-year sentence for his acts.
Before the May 8 hearing, betting markets projected a mild sentence. Polymarket revealed just 11% probabilities of a 20-year sentence.
US VP Vance will speak at Bitcoin summit amid Trump crypto scandals
US Vice President JD Vance will speak at Bitcoin 2025 in Las Vegas, a year after then-presidential candidate Donald Trump spoke.
Vance will be the first sitting US vice president to speak at a digital asset conference on May 28, according to a May 9 announcement from the event organizers.
Wife of former FTX executive claims government ‘induced a guilty plea’
The wife of former FTX Digital Markets co-CEO Ryan Salame, who faces federal campaign finance charges, is seeking dismissal on the basis that US prosecutors tricked her husband in a plea agreement.
Bond’s attorneys repeated some of Salame’s accusations in rejecting his plea agreement with the government, which resulted to his jail sentence, in a May 7 filing in the US District Court for the Southern District of New York. She said prosecutors made a “stealth and deception” pact with Salame to not prosecute Bond.
Possible ‘proof’ of Zerebro dev’s death on X
Crypto community members claim Zerebro creator Jeffy Yu staged his death during a Pump.fun webcast on May 4 to promote his new memecoin.
Yu allegedly wrote a private letter to a Zerebro investor, traded using crypto wallets he controlled, and removed his obituary from Legacy.com.
Others believe Yu utilized a technology to present a pre-edited video as live during the Pump.entertaining livestream.
Victors and Losers
Bitcoin (BTC) ends the week at $103,024, Ether (ETH) at $2,338 and XRP at $2.35. CoinMarketCap reports $3.26 trillion in market cap.
Pepe (PEPE) at 46.63%, dogwifhat (WIF) at 27.96%, and Ether (ETH) at 27.723% are the top three altcoin gainers of the week among the top 100 cryptocurrencies.
