Judge lifts freeze on $57.6M in USDC tied to meme token Libra, which crashed after being promoted by Argentina’s President Milei. Freeze controlled by Hayden Davis & Ben Chow, accused of misleading investors. Court cited defendants’ cooperation & doubts about plaintiffs’ case. (Decrypt)
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Wormhole Foundation wants to acquire Stargate (STG) & has paused Snapshot voting for due diligence. They believe LayerZero’s $110M offer undervalues Stargate’s recent growth. 🚀
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NY man Eddy Alexandre ordered to pay $228M+ in damages for crypto fraud via EminiFX. He falsely claimed to trade crypto/forex, misappropriating $59M from investors for luxury cars & personal use. Alexandre already pleaded guilty & sentenced to 9 years. (The Block)
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Cointel, an AI-powered crypto platform, raised $7.4M led by Avalanche & Sugafam Inc. It offers education, analytics & real-time trading tools for all levels of traders. #crypto #AI #Web3
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BIT Mining (NYSE: SLAI) is rebranding as SOLAI & pivoting to build AI-powered finance within the Solana ecosystem. They’ve launched a Solana validation node & are staking SOL with a $300M investment.
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