🌶️ Caroline Ellison sentenced and will go to prison

Today is an interesting day and this edition of a newsletter. We’ve many headlines that include prison and crypto. You’ll find them below.

Also, Bitcoin tests the $64,000 zone, if it breaks that magic line, looks like no heavy resistance before $68,000. Moreover, it would make a higher high and this could mean a market structure break. Bullish.

Lastly, Gary Gensler is having a hard time before the US Congress. Check out all the videos.

And here is what else you’ll find in today’s edition:

• Former SBF’s girlfriend and FTX co-CEO sentence

• WalletConnect airdrop

• Satoshi-era wallet moves funds

• and more…

⛓️‍💥 Crypto Jail News

I hope this is a one-time thing — this section. But just having 3 news related to crypto and prison, had to do it.

• Former Alameda Research CEO Caroline Ellison was sentenced to two years in prison for her role in the FTX fraud. What do you think, did she deserve more or less?

• SBF gets a new jail friend — Diddy.

• Former Binance exchange CEO Changpeng Zhao (CZ) to be released from prison this Sunday after serving 4 months. Will he spark a new move upside?

📰 Crypto & Finance News

• China announces several rate cuts and reduces banks' reserve ratio requirements.

• US Congress sizzles SEC Chairman Gary Gensler — video 1; video 2; video 3.

• Turkey halts further plans to tax stocks and crypto, according to Bloomberg.

🪂 Airdrops & Opportunities

• WalletConnect announces airdrop registration for its token The Connect Token — $WCT.

• $SOCIAL is live — an airdrop of the Phaver App.

• $LOGX trading became available to trade on most major exchanges including Kucoin, MEXC, and others.

🤡 Degen Section

• Moonthat goes live! It’s an alternative to Pump Fun on Ethereum with a twist.

• $WIF reclaims $2 billion market cap.

• Moo Deng, the Solana-based meme coin, surpasses a $70M market cap in just two weeks.

🔒 Security

• ScamSniffer detected phishing ads targeting FjordFoundry's users on Google search.

• WazirX exploiter launders $12 million in ETH through TornadoCash.

• The official OpenAI X account was hacked, promoting a fake token in a crypto scam.

• Binance denies the latest allegations that it was hacked and clients’ data is available to buy.

🦁 Alpha & Insights

• Abstract Chain opens its YouTube channel. It will contain videos for developers. Time to subscribe if you’re coding in crypto.

• The Ordinals market sees increased activity and volatility. Ordinals autumn?

📈 Other Metrics & Numbers

• The wallet that wasn’t active for 13 years transferred 20 BTC worth around $1.27 million to Bitstamp exchange.

• One more old wallet moves the funds — Satoshi-era wallet transferred 5 BTC mined in 2009. It holds around $77 million worth of Bitcoin in total.

• Gold hits an all-time high again. It keeps hitting it.

• Over $16 million was bridged from Ethereum to Solana within the last 24 hours.

😶‍🌫️ To Cheer You Up

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Disclaimer: The content of this newsletter is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and can involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The opinions and information provided here are not a guarantee of future performance and should be considered carefully in the context of your personal financial situation.