The Daily: Quest to find bitcoin fortune in garbage dump continues, Dave Portnoy’s memecoin antics and more
2025-02-11
Category: None

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
I hope you had a good weekend, folks. Memecoins are seemingly back on the menu, with Barstool's Dave Portnoy and even entire countries apparently getting in on the act, despite recent troubles in one of the most degenerate sectors of crypto. 
In today's newsletter, a Brit's quest to find a lost bitcoin fortune in a garbage dump continues, a hacker pleads guilty over a fake SEC Bitcoin ETF post, Changpeng "CZ" Zhao says Binance's listing process is a "bit broken," Strategy resumes its bitcoin buying spree and more. 
Meanwhile, Jason Shubnell takes a look at the growing case for memecoin ETFs.
Let's get started.
Brit continues hunt for lost bitcoin treasure
James Howells, a resident of Newport, South Wales, plans to buy the landfill where he believes his lost £620 million ($768 million) bitcoin fortune is still buried, despite a UK judge dismissing his case last month.
SEC hacker pleads guilty over fake Bitcoin ETF post
Eric Council Jr. pleaded guilty to conspiracy to commit aggravated identity theft and access device fraud related to the hack of the Security and Exchange Commission's social media account in January 2024, according to a filing posted in the U.S. District Court of the District of Columbia.
CZ says Binance's token listings are a 'bit broken'
Changpeng "CZ" Zhao, the founder and former CEO of Binance, criticized the crypto exchange giant's token listing process, calling it a "bit broken."
Strategy resumes bitcoin buying spree
Strategy (formerly MicroStrategy) has resumed its bitcoin purchases, acquiring another 7,633 BTC for approximately $742.4 million at an average price of $97,255 per bitcoin between Feb. 3 and Feb. 9, according to an 8-K filing with the SEC on Monday.
Dave Portnoy's memecoin shenanigans
Barstool Sports founder Dave Portnoy faced a backlash for discussing his memecoin trades over the weekend, accused by some of dumping tokens on his 3.5 million followers on X.
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