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Vanessa Sierra
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JUST IN: EX-CELSIUS CEO PLEADS GUILTY TO FRAUD CHARGES Alex Mashinsky, the founder and former CEO of Celsius Network, has pleaded guilty to federal fraud charges. Specifically, he admitted to misleading customers about the business, engaging in commodities fraud, and manipulating the price of Celsius's proprietary crypto token, $CEL. This plea was part of a case where Mashinsky faced charges for his role in the collapse of Celsius Network, a cryptocurrency lending platform that filed for bankruptcy in 2022. His actions included illegally manipulating the token's price while secretly selling his own tokens at inflated prices, which allowed him to pocket around $48 million before the company's bankruptcy.
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DID TRUMP ENDORSE DOGE COIN? 🤯‼️ Here is how Dogecoin has climbed its way from just a meme to politics. Elon Musk's involvement with Dogecoin has evolved significantly, transitioning from being a prominent endorser of the cryptocurrency to now potentially leveraging it in a political context with the establishment of the Department of Government Efficiency (DOGE). Dogecoin, initially created as a joke, has seen substantial interest and value fluctuations largely influenced by Elon Musk's public endorsements over the years. His tweets, including calling himself the "Dogefather" during an SNL appearance in 2021, have historically led to price surges. Donald Trump appointed Elon Musk to lead the Department of Government Efficiency, alongside Vivek Ramaswamy. This department's acronym, DOGE, intentionally mirrors the cryptocurrency's ticker symbol, which has led to speculation and discussion about Musk's influence on Dogecoin's market performance. The establishment of this department has been seen by some as Musk using his influence to potentially boost Dogecoin's value, given his significant personal investment in the cryptocurrency. This move has been criticized by some as an attempt to enrich himself through governmental influence over a meme coin. Following the announcement of Musk's new governmental role, $DOGE experienced a notable price increase. Posts on platforms like X suggest that this was perceived as a direct boost due to the name similarity, with the crypto jumping significantly in value after Trump's victory and the DOGE department's announcement. Some view it as a clever play on meme culture by Musk, while others are skeptical, seeing it as a potential conflict of interest or a whimsical approach to government efficiency. If you enjoyed this post please give it a like and follow me @Vanessa Sierra for more crypto updates!
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Pump Fun Livestream Turn Into Real Life Black Mirror Nightmare ‼️🔔 The Solana based platform Pump fun, known for allowing easy creation and trading of meme coins, has encountered significant controversy due to its livestream feature. Reports indicate that the livestreams have escalated into extreme and troubling behaviors: Self-Harm and Threats: Users have engaged in acts of self-harm or threatened more severe actions like suicide, contingent on the financial performance of their tokens. For instance, there were instances where individuals threatened to take extreme measures if their tokens did not reach certain market cap goals. Violence and Animal Cruelty: There have been allegations of users livestreaming violent acts or animal cruelty to manipulate token prices. This includes a disturbing scenario where a user allegedly threatened harm to family members, and another where animal cruelty was implied for token promotion. The community has reacted with shock and outrage, likening the situation to episodes from the dystopian TV series "Black Mirror" due to the unethical and desperate behaviors displayed. Critics argue that Pump Fun lacks adequate moderation and safety protocols, allowing for such content to proliferate. Pump fun's creator, referred to as Alon, has stated that the platform takes content moderation seriously. Measures have been put in place since its inception to moderate illicit content, with specific policies regarding NSFW content. However, the effectiveness of these measures is under scrutiny. This situation raises critical questions about the responsibilities of platforms in moderating content, the psychological impacts of financial desperation in volatile markets like cryptocurrency, and the ethical boundaries of online entertainment and promotion. The controversy highlights the darker side of digital platforms where lack of oversight can lead to real-world harm or exploitation for financial gain.
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Crypto Strategy 2024: Patience Pays Off My investment thesis over the last 12 months has remained steadfast: wait for Bitcoin (BTC) to signal a bull market. Here's how we played it: Phase 1: The Wait - The strategy was simple: hold off on any significant moves until Bitcoin gave us the green flag. This was not about jumping on every little uptick or trend but about waiting for a solid confirmation of a broader market upswing. Phase 2: The Move - Once Bitcoin reached that mark, the game plan shifted to action. We began transferring substantial amounts into alternative cryptocurrencies, particularly focusing on mid and low-cap altcoins. These were assets that had been languishing at bear market prices, ripe for the picking as the market sentiment began to turn. Phase 3: The Hold - After making these investments, the strategy was to sit back and do nothing for years. This isn't about day trading or chasing the latest hot token. It's about recognizing that in the volatile world of cryptocurrency, sometimes the best action is inaction. Holding through the cycles can often yield the most significant returns as altcoins from bear market lows have the potential to multiply in value during a bull run. This approach is less about being in the thick of market trends and more about strategic patience. It's about understanding that in crypto, timing can be everything, and sometimes, the simplest strategies can lead to substantial wealth. Cheers to becoming stupid rich with a strategy that's anything but dumb.
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IF YOU WANT TO GET RICH YOU SHOULD BE TRADING ON TIKTOK TikTok memes are the new trend with Chill Guy taking the lead! Here's how it all started: “I’m just a chill guy” The meme features a character described as "just a chill guy that lowkey doesn't give a f*," depicted as a light brown dog with human-like features, wearing casual clothes. The original meme gained over 600 million views on Tikrok and set the stage for its transition into the crypto space. The idea was to create a meme coin that embodied this laid-back vibe, resonating with young men all over the globe. $CHILLGUY was launched on Solana. The launch was strategically timed to capitalize on the meme's existing popularity, turning cultural recognition into potential financial speculation. Following its launch, $CHILLGUY saw an explosive growth, with its price surging significantly and gaining over 70,000 holders in less than 24 hours. This reflects the power of meme culture in driving value. Posts on social media indicate that within days of its launch, it attracted tens of thousands of holders and performed remarkably in terms of trading volume, underscoring its rapid adoption among retail investors. The coin's success can be attributed to organic growth from the meme's existing fanbase, amplified by influencers and the community's engagement. The narrative around $CHILLGUY being a coin for "normies" or “retail” (non-traditional crypto enthusiasts) added to its allure, presenting it as an accessible entry point into crypto for those familiar with the meme but new to blockchain. People are suggesting that its listing on platforms like Binance is "inevitable," given its market performance and user onboarding benefits to the exchange. This may very well be the fastest meme coin to a billion! If you enjoyed this post, please give it a lack and follow me @Vanessa Sierra for more Crypto updates!
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