Morning News Update #Web3
⚖️ Dwayne Golden, partner in multiple fraudulent crypto firms, sentenced to 8 years in prison for stealing $40 million.
📢 Ripple Labs CEO Brad Garlinghouse announced the company will drop its cross-appeal against the SEC. The SEC is also expected to withdraw its appeal, signaling an end to their years-long legal battle.
💰 U.S. spot Bitcoin ETFs saw a net inflow of $497.57 million yesterday.
📱 Protos reports an Instagram account using Elon Musk’s name is being auctioned in a Telegram trading group, with bids reaching $6,000. Concerns rise that it could be used to promote scam meme coins.
🐋 A whale/firm withdrew 1,888 ETH from Binance just 20 minutes ago.
