Former Alameda Research CEO Caroline Ellison was sentenced on Sept. 24 to two years in a minimum-security prison for her role in the collapse of FTX.
The sentence was handed down by Judge Lewis Kaplan of the District Court of Southern New York, who also ordered Ellison to forfeit the roughly $11 billion she earned from FTX.
Kaplan stated that Ellison’s surrender date would be set on or after Nov. 7.
A light sentence was given, considering Ellison could have faced up to 110 years in prison for her crimes. However, the judge expressed considerable sympathy for her situation. According to Bloomberg, he told her:
“You’re a very strong person, Ms. Ellison, in some ways, but not inviolable. Mr. Bankman-Fried had your Kryptonite. […] You were vulnerable and you were exploited.”
Ellison clasped her hands in front of her as the sentence was read, with family members present at the trial visibly emotional.
She also voiced concerns about harassment from the crypto community, both in media and in real life, which has left her fearful of public appearances.
Ellison cooperated extensively with the prosecution in the case against Sam Bankman-Fried, her former colleague and purported boyfriend, leading the prosecution to recommend leniency for her.
Her lawyers had requested a sentence of time served, but Kaplan stated there would be no “get out of jail free” card.
The sentencing raises expectations that co-defendants and former FTX executives Gary Wang and Nishad Singh will also face jail time. Singh is scheduled for sentencing on Oct. 30, while Wang’s is set for Nov. 20.
Like Ellison, both have pleaded guilty to their charges.
Former FTX executive Ryan Salame was sentenced to seven and a half years in prison in May, and FTX founder Sam Bankman-Fried received a 25-year sentence in March.
Pepe 69 could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe 69 (PEPE69), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because PEPE69 is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe 69 can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe 69 could become the next viral memecoin.
Pepe 69 launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe 69 on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe 69 by entering its contract address – 4j4P2F8fj4HYmvDyRLM8jtdaP5CqTq1WExKw4uBH8Byy – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPE69.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Bullish Donald could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Bullish Donald (BULLDON), a new Solana memecoin that was launched today, is poised to explode over 16,000% in price in the coming days.
This is because BULLDON is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Bullish Donald can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Bullish Donald could become the next viral memecoin.
Bullish Donald launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Bullish Donald on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Bullish Donald by entering its contract address – 62Jx4h4hgtasVAq7YTZq2ycg7trrgtqgdN4B56P26GTj – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like BULLDON.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Altcoins have shown considerable strength following Bitcoin’s recent recovery over the past month, leading analysts to suggest that the market may be on the brink of an altcoin season.
“The past few days have been very bullish for many #Altcoins!” said ParabolicPump, co-founder of Crypto Capital, in a Sept. 23 post on X.
Popular trader 360Trader noted that TOTAL3, which represents the total crypto market capitalization excluding BTC and ETH, had retested the upper boundary of a falling channel.
Although this crucial level has suppressed prices since March 2024, a decisive close above it would confirm a “nail in the coffin for bears,” they stated.
According to ParabolicPump, as altcoin prices rally, Bitcoin’s dominance is nearing a downside break from its rising wedge. “It is only a matter of time,” the analyst pointed out, adding: “Every bull run in crypto had a phase where Bitcoin dominance dropped to the downside significantly.”
As of Sept. 23, Bitcoin’s dominance stands at 57.39%, down 1.09% over the past week, according to data from Cointelegraph Markets Pro and TradingView. Traders often watch for signs that Bitcoin dominance is peaking as an indicator to sell BTC and invest in alternative coins.
Popular analyst Nebraskangooner suggested that Bitcoin’s recent rise to 58.61% may have marked the top for this metric, as a bearish divergence in the relative strength index (RSI) signaled a weakening market structure for BTC.
Meanwhile, pseudonymous analyst Moustance noted that TOTAL2, representing altcoins’ total market cap excluding BTC, is breaking out of a descending broadening wedge that has been active for six months.
Moustache explained that the optimistic outlook for altcoins is bolstered by the RSI breaking out of a downward trend, along with an impending bullish cross from the moving average convergence divergence indicator.
“A god candle like we haven’t seen for years is loading, in my opinion,” they stated.
However, the altcoin season index by Blockchain Center indicates that an altseason has not yet arrived. According to this index: “If 75% of the top 50 coins performed better than Bitcoin over the last season (90 days), it is the Altcoin Season.”
Despite the compelling technicals, it may still be premature to conclude that an altcoin season has begun, as only 39% of the leading 50 altcoins have outperformed Bitcoin in the last 90 days. Since the index is below 75, it suggests that it is not yet altcoin season.
United States Vice President Kamala Harris made her first public statement about crypto during her presidential election campaign. In comments made at a Wall Street fundraiser, Harris vowed to encourage investment in artificial intelligence and digital assets.
“We will partner together to invest in America’s competitiveness, to invest in America’s future. We will encourage innovative technologies like AI and digital assets while protecting our consumers and investors,” Harris stated at a fundraiser in Manhattan, as reported by Bloomberg on Sept. 22.
“We will create a safe business environment with consistent and transparent rules of the road,” she added. “We will invest in semiconductors, clean energy and other industries of the future, and we will cut needless bureaucracy.”
This is the first time Harris has publicly addressed crypto since becoming the Democratic Party’s presidential frontrunner. Her Republican rival, Donald Trump, has also sought support from the crypto industry.
The industry has speculated whether Harris would adopt a different approach to crypto compared to President Joe Biden, who some perceive as unfriendly to the sector.
In August, Harris’ senior campaign adviser, Brian Nelson, hinted she would support crypto policies if she wins the presidential election in November. However, she emphasized that the industry needs “rules of the road,” citing the collapse of some companies.
“This is an important and constructive statement from Kamala Harris,” Coinbase policy chief Faryar Shirzad noted in a Sept. 22 post on X.
“It’s not nearly as forward-leaning as the concrete and visionary positions taken by Donald Trump, but it’s still notable because she recognizes digital asset innovation as being important and on par with AI,” he added.
Alexander Grieve, vice president of government affairs at venture firm Paradigm, called Harris’ remarks “encouraging,” stating that regardless of the outcome in November, “this should be the last anti-crypto administration.”
“This is progress and progress is good,” crypto venture firm Variant’s legal chief Jake Chervinsky commented on X. “But ‘while protecting our consumers and investors’ could mean a lot of things.”
“The anti-crypto army uses ‘consumer protection’ as a smoke screen to conceal their attempts to destroy our industry,” he claimed. “I, for one, want to see policy details.”
Crypto has become a campaign issue, with US crypto companies, including Coinbase, Ripple, and Gemini, spending nearly $120 million to influence the upcoming elections, as reported by Public Citizen in August.
Trump has released four non-fungible token collections, endorsed his family’s crypto platform, and has closely embraced the crypto industry. He’s promised to be a “crypto president” and to fire US Securities and Exchange Commission Chair Gary Gensler, whose agency has initiated multiple enforcement actions against major crypto players.
Harris and Trump are neck-and-neck in national polls, with Harris leading Trump by only 2.9 percentage points, according to Sept. 22 data from FiveThirtyEight.
The former U.S. president Donald Trump has recently launched the new crypto project, World Liberty Financial (WLF), raising concerns about the conflict of interest. The asset was made by Trump and his sons, Eric and Donald Jr., and it could change the banking systems we remember for using stablecoins instead.
As there are not many details available, certain people in the market are concerned about potential conflicts of interest, considering Trump’s political ambitions.
World Liberty Financial and Its Focus on Stablecoins
World Liberty Financial’s focus is now on stablecoins – crypto assets designed to keep a strong price by linking to traditional currencies such as the US dollar. The stability it offers makes it one of the most attractive options for investors right now, especially when compared to some riskier options like Bitcoin or Ethereum.
Trump’s sons said that WLF will offer lending, money transfers, and digital real estate services, trying to minimize the need for traditional banks.
While all specifics still remain a mystery, early reports say WLF will focus on providing safe and user-friendly crypto services. To fully use that potential, users must store their assets in this secure wallet, providing a safe environment for their portfolio.
Controlling and Owning WLF
WLF’s governance structure is really interesting, as the platform is expected to use blockchain-powered governance tokens that provide voting rights but no economic benefits such as dividends or profits.
Each owner will be limited to holding only 5% of the tokens, with 63% available to the public, and the remaining tokens split between user rewards (17%) and compensation for WLF staff and advisers (20%).
At first, a leaked draft suggested 70% of tokens would be controlled by the project’s founders and employees, with certain investors raising concerns about the true intentions behind the project. Anyway, these numbers have since been changed, which will most likely calm the community.
Trump’s dealing with the crypto project has started big ethical debates, mostly because of his current political status. So, if he wins the presidency in 2024, he could directly regulate the crypto industry, potentially creating conflicts of interest.
Critics say that a combination of Trump’s political power and his business projects like the WLF token could hurt trust in Trump and his work.
Community Concerns and Conflicts of Interest
Trump’s thoughts on crypto assets have changed a lot since 2021, when he called Bitcoin a “scam” and a “disaster waiting to happen.” Now, partly because of his sons’ influence and the success of his blockchain-based NFT sales, which have earned him over $7 million in royalties, Trump seems to have realized the importance of digital assets.
His sudden change in opinion, combined with the new WLF project, brings questions about how his personal business interests might impact some future regulatory decisions if he returns to the office.
Many industry experts have commented on the potential conflicts of interest, as Trump continues promoting his family’s crypto business while running the political campaign at the same time. If elected, Trump could have a lot of power over the crypto regulations, creating a serious ethical dilemma on the market.
Danielle Brian from the Project on Government Oversight said that Trump’s involvement in the crypto industry could build “serious conflicts of interest,” an idea shared by Trump biographer Tim O’Brien, who called it “a conflict of interest in motion.”
The World Liberty Financials’ Next Step
Despite all these concerns ahead of the election, Trump’s new altcoin remains an interesting opportunity for investors. As he’s using crypto for his campaign, many seasoned analysts believe Trump could lead the market to the next level if he wins the election.
If everything goes as planned, and Trump and his family handle all these problems, World Liberty Financials could easily become the next big name in the industry.
Blockchain technology has been making waves across various industries, promising enhanced security, transparency, and efficiency. One of the most exciting developments in this field is the emergence of smart contracts. These automated contracts, with terms of agreements directly written into their base code, are transforming how transactions are conducted and recorded.
Understanding Smart Contracts
Smart contracts are programs stored on a blockchain that automatically execute actions when predetermined conditions are met. The concept was first proposed by computer scientist Nick Szabo in the 1990s, but it gained traction with the advent of blockchain technology, particularly with the Ethereum platform. Unlike traditional contracts, smart contracts do not require intermediaries, which significantly reduces the risk of fraud and speeds up transaction processes.
Applications of Smart Contracts
The applications of smart contracts are vast and varied. They can be used in financial services, supply chain management, healthcare, and even real estate. In the financial sector, for instance, smart contracts can automate complex financial transactions, ensuring they are executed exactly as agreed upon. This automation minimizes human error and reduces the time needed to complete transactions.
In supply chain management, smart contracts can track the movement of goods from the manufacturer to the consumer. This transparency helps in verifying the authenticity of products and ensures that contractual obligations are met at every stage of the supply chain.
Enhancing Payout Speed
One of the most interesting uses of smart contracts is in the online gambling industry. The reliability and efficiency of smart contracts can address one of the most critical issues for players: the speed of payouts. Traditional online casinos often face delays due to manual processing and verification steps, causing frustration among players. By using smart contracts, casinos can automate the payout process, ensuring that players receive their winnings immediately after fulfilling the winning conditions. This instant execution not only enhances user experience but also builds trust in the platform. For players, this can make the experience of engaging with casino promotions even more attractive, as the assurance of quick and fair payouts adds to the overall appeal.
Security and Trust
Another key advantage of smart contracts is their ability to enhance security. Since they are stored on a blockchain, they are immutable and transparent. This means that once a contract is created, it cannot be altered, reducing the risk of manipulation or fraud. Additionally, the decentralized nature of blockchain ensures that no single entity has control over the contract, which further enhances trust.
Challenges and Future Prospects
Despite their numerous benefits, smart contracts are not without challenges. One of the main issues is the complexity of coding these contracts, which requires a high level of expertise. Errors in the code can lead to significant financial losses. There is also the question of legal recognition and enforcement of smart contracts, as they are still a relatively new concept in many jurisdictions.
Looking ahead, the future of smart contracts is promising. As blockchain technology continues to evolve, it is likely that we will see more user-friendly platforms for creating and managing smart contracts. This will make them more accessible to a broader range of businesses and individuals, further driving their adoption.
In conclusion, smart contracts are revolutionizing the way transactions are conducted across various sectors. Their ability to enhance security, transparency, and efficiency makes them a valuable tool in the digital age. As the technology matures, it will be exciting to see how smart contracts continue to transform industries and potentially become a standard in contract execution.
Play to Earn (P2E) has come a long way as one of the earliest applications of Bitcoin, and now with the advent of more decentralized ecosystems, this mode of playing video games has taken a more improved shape.
This guide will dive into YAYTSOGRAM, a memecoin-based P2E game on the TON ecosystem that lets you earn Toncoin ($TON) using a sophisticated referral program.
What is YAYTSOGRAM?
YAYTSOGRAM is a uniquely designed tap-to-earn and referral system game that has gained popularity from its addictive gameplay mechanics that involves breaking eggs to receive rewards.
The game is based on tokenomics built on top of Telegram’s The Open Network (TON) where the main game points are clicks. You earn atleast 50,000 clicks whenever one of your referrals makes about 100 clicks. The more clicks you accumulate, the closer you are to winning valuable prizes.
This gameplay for rewarding gamers according to the progress of their referrals is what has brought so much popularity and buzz around YAYTSOGRAM.
At the same time, the game has a unique approach to attracting revenue through strategic partnerships, ad views, traffic sales and affiliate programs. With this revenue, YAYTSOGRAM is able to process its payouts.
How Do You Play YAYTSOGRAM and Earn TON?
The gameplay mechanics of YAYTSOGRAM involves breaking different types of eggs to earn TON crypto coins where each reward depends on the broken egg’s level.
As suggested, these eggs are different and their differences are classified into various levels with each level providing a distinct reward.
What are the Different Types of Eggs on YAYTSOGRAM?
Here are the various levels of eggs and their different rewards:
| Egg Level | Starter | Silver | Gold | Platinum | Ruby | Diamond | Adminium |
| Reward (Upto) | 20 TON | 30 TON | 40 TON | 50 TON | 60 TON | 70 TON | 80 TON |
The other thing to point out is each reward will vary as per the payer’s game activity and engagement with the referral system. With every friend you invite, you increase your chances of receiving the maximum reward. It is also a massive boost + added advantage if you are active in the game.
Their level of activity is measured through the amount of tasks they complete. Other gameplay mechanics that will increase the numbers of clicks include participating in contests, claiming daily bonuses and completing tasks.
YAYTOSGRAM convenes prize giveaways everyday to reward the top users depending on their daily activity. The game ranks all players as well as offers another ranking for each individual egg level. These rankings get updated daily, and for every player who makes it into the list, they get between 0.1 – 3.0 TON tokens depending on their rank.
How Can You Break More Eggs Faster?
You have higher chances of winning bigger rewards if you can break the eggs faster. To achieve these, YAYTSOGRAM offers players various options to boost their speed:
Boosters come in the form of in-game boosts such as special bonuses or auto-clickers which players earn by completing tasks or participating in contests. With boosters, you can significantly increase your speed of accumulating clicks, or getting you closer to breaking more eggs and getting more rewards.
Referral Program, as we earlier suggested is another way to earn more extra clicks by inviting friends. The very first 100 clicks from an invited friend will earn you 50,000 clicks. As such, the Referral Program is YAYTSOGRAM’s most effective clicks booster.
A winning tip is to combine boosters + referrals to maximize your gains and achieve the results you desire quickfast.
What are the Tokenomics of YAYTSOGRAM?
YAYTSOGRAM’s tokenomics demonstrate the long-term plans that the game has in place to leave a long-lasting impression once the in-game token is out. The game’s mission is clocking 10 million+ active players and once it has achieved this milestone, the team will begin developing the token.
If done right, the YAYTSOGRAM token will strengthen the game’s economic design and add more incentives for active players.
Meanwhile, the game is looking to list the token once the YAYTSOGRAM reaches 30 million users which will enable the users to trade freely among themselves. At this point of the roadmap, the game will have transformed from just a click game into a fully-fledged cryptocurrency platform that will open up even more opportunities for the players.
It is worth noting that during these phases, YAYTSOGRAM will distribute free tokens through an airdrop, where the amount will depend on each player’s clicks. As such, every action aims to bring more value and appreciation for user participation.
Final Take
YAYTSOGRAM is a rapidly evolving gaming platform that delivers enhanced gamification and cryptocurrencies. The game has a unique approach of rewarding players by using a referral system, completing tasks and participating in contests. The daily leaderboard and ranking are enough incentives to encourage the players. At the same time, YAYTSOGRAM has promised to deliver more cutting edge features that will transform the game into a fully-fledged crypto gaming ecosystem.
Pepe Warrior could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Warrior (PEPEWAR), a new Solana memecoin that was launched recently, is poised to explode over 18,000% in price in the coming days.
This is because PEPEWAR is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe Warrior can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Warrior could become the next viral memecoin.
Pepe Warrior launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Warrior on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Warrior by entering its contract address – EEP2VmX7dSbdTB8jdfjeyFqQ8eBhMF4YiV81gRbMgcq – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEWAR.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Elon Pumps could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Elon Pumps (ELONPUMP), a new Solana memecoin that was launched today, is poised to explode over 19,000% in price in the coming days.
This is because ELONPUMP is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Elon Pumps can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Elon Pumps could become the next viral memecoin.
Elon Pumps launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Elon Pumps on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Elon Pumps by entering its contract address – 9EwZaRCDjZWs2AkiSi2nhPxcExjtv5obd5kYXDRipyir – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELONPUMP.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.