1️⃣ U.S. Judge Overturns Fraud Convictions Of Mango Markets Exploiter Avraham Eisenberg ▶️
A U.S. judge has reportedly overturned the fraud and market manipulation convictions of Mango Markets exploiter Avraham Eisenberg. The judge ruled that New York prosecutors had no proper venue to convict Eisenberg, vacating two of his convictions and acquitting him of a third.
The Judge wrote in his ruling,
He didn't make trades in New York, call or email anyone in New York, or go to New York in connection with his scheme. There is no allegation that the Mango Markets platform had ties to New York.
2️⃣ Swiss Watchmaker Franck Muller Unveils Limited Edition Solana Watch 💎
Swiss watchmaker Franck Muller has announced the launch of a Solana-inspired "phygital" luxury watch collection. The limited-edition series of watches will reportedly contain an embedded unique QR code to directly link to the user’s Solana address. The Solana-inspired watch collection is limited to 1,111 units, each selling for 20,000 Swiss francs (~ $24,300). Interestingly, the watch collection comes at a time when the industry has been seeing an unfortunate rise in crypto users being targeted in physical attacks.
3️⃣ A Small Food Firm Buys 21 Bitcoin, Jumping On $BTC Treasury Trend 💰
DDC Enterprise, an Asian food company, is the latest to jump on the BTC corporate reserve treasury trend. The firm, led by founder and CEO Norma Chu, announced the acquisition of 21 BTC as part of a long-term plan to incorporate the cryptocurrency into its corporate treasury. The company stated that its planning two more purchases totalling 79 BTC in the coming days, bringing its total holdings to 100 BTC. In a shareholder letter issued last week, Chu outlined plans to accumulate up to 500 BTC within six months and 5,000 BTC in three years. Notably, despite the announcement, the company’s shares dropped more than 12% on Friday’s trading session.
4️⃣ Crypto Investor Charged In 'Sadistic' Kidnap, Torture Of Italian Tourist In NYC 👀
According to local media reports, New York City police have arrested two suspects in connection with the kidnapping and torture of an Italian tourist. The report states that the suspects attempted to extort the man into handing over access to his financial accounts. One of the suspects - John Woeltz, a 37-year-old man, was reportedly an early adopter of Bitcoin who joined the development team of HCash (later HyperCash) in 2017. It also states that Woeltz later joined privacy-preserving crypto Grin's core team after setting up its first security audit.
5️⃣ Hyperliquid Trader James Wynn Goes ‘All-In’ On $1.25B Bitcoin Long 🕯
Popular Hyperliquid trader James Wynn has reportedly increased his 40x leverage long Bitcoin bet to $1.25 billion after closing his $PEPE position for a $25.2 million profit. Lookonchain reports that Wynn entered an 11,588 BTC position with an average entry price of $108,243 and a liquidation level of $105,180. He later doubled down on his position, increasing it to 11,070 BTC after closing other trades.
