The Daily: MegaETH developer raises $10 million in minutes, US crypto tax evader sentenced to two years and more
2024-12-14
Category: None

It's Friday! In today's Daily, MegaETH's developer raises $10 million in three minutes on Echo, a U.S. crypto tax evader earns a two-year prison sentence, Gate.io dismisses hack rumors and more.
Meanwhile, reflecting on her gamified crypto challenges, AI agent Freysa tells The Block, "superior intelligence is no longer exclusive to humans."
Let's get started.
MegaETH developer raises $10 million in 3 minutes on Cobie's Echo
MegaLabs, the developer of MegaETH, raised $10 million in under three minutes on Echo, marking the platform's largest sale to date with 3,200 investors from 94 countries.
US crypto tax evader sentenced to two years
Frank Richard Ahlgren III from Austin, Texas, was sentenced to two years in prison on Thursday for falsely underreporting capital gains made from selling $3.7 million worth of bitcoin.
Gate.io dismisses hack rumors
Crypto exchange Gate.io dismissed rumors of a security breach on Friday morning, confirming no abnormalities or issues were detected.
Polygon weighs up a $1 billion stablecoin yield proposal
The Polygon community is considering a proposal to deploy over $1 billion in stablecoin reserves on its PoS Chain bridge with Ethereum for yield generation.
Riot Platforms increases its bitcoin holdings by over 5,000 BTC
Bitcoin miner Riot Platforms acquired another 5,117 BTC for over $510 million between Dec. 10 and Dec. 12, raising its total holdings to 16,728 BTC, worth around $1.7 billion.
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