Author: Sahil Poudel

Trump Picks Sriram Krishnan as Senior AI Policy Advisor

Summary: Donald Trump who’s hell bent on making sure crypto blooms on U.S.A has tapped Indian American tech genius Sriram Krishnan as the Senior White House Policy Advisor on AI. With a stacked resume featuring stints at Microsoft, Twitter, and Facebook, Krishnan joins David O. Sacks to steer America’s AI and crypto future.

Silicon Valley Star Enters The White House

Sriram Krishnan, a legit Silicon Valley powerhouse, is now part of Trump’s brain trust to keep the U.S. winning in the global tech race. Known for his killer product strategies at Twitter, Snapchat, and Facebook, this guy has written the playbook for some of the world’s biggest apps. Krishnan’s first big break came at Microsoft, where he helped build Windows Azure from scratch. And now, he’s heading to D.C. to shape America’s AI destiny.

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Tag Teaming with David O. Sacks

Krishnan isn’t doing this alone. He’s teaming up with David O. Sacks, who’s already making waves as Trump’s AI & Crypto Czar. Together, they’re set to create policies that’ll put the U.S. at the top of the AI leaderboard. In his statement, Krishnan hyped up the role, saying, “Pumped to work on AI policies that’ll keep America ahead in tech innovation. Let’s do this!”

Indian American Community Backs Him

The Indian American community is buzzing with pride. Sanjeev Joshipura from Indiaspora gave Krishnan a shoutout, calling him a “tech and policy MVP.” As Krishnan steps into this role, all eyes are on how he’ll use his tech smarts to shape the future of AI in America. Buckle up, folks it’s about to get real.

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Two Cali Dudes Charged for $22M Crypto Scam

Summary: Gabriel Hay and Gavin Mayo are two 23 year olds who wanted to test the water and now are in such a deep trouble after allegedly scamming $22 million through rugpulls in NFT and crypto projects. They’re now facing serious federal charges and could spend decades in prison.

The Scammy Duo

Hay and Mayo, both from sunny Southern California, ran multiple NFT and crypto projects from 2021 to 2024, like Vault of Gems, Faceless, and MoonPortal. They hyped these projects as game-changers with epic marketing and fake promises of long-term value. But as soon as the cash came in, they yeeted out, leaving their investors with empty wallets and dashed dreams.

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Vault of Lies

Their Vault of Gems project was a standout scam. They claimed it would be “the first NFT pegged to a hard asset,” but surprise there was no “gem” to back it up. Instead of delivering on their promises, they straight-up abandoned ship after collecting millions. It’s like selling a golden ticket to nowhere.

Whistleblower Woes

When someone tried to call them out for their shady Faceless NFT project, these guys allegedly went full villain mode. Prosecutors say they harassed the whistleblower and even their family, adding emotional damage to their list of crimes.

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What’s Next

Now facing six federal charges, Hay and Mayo could be looking at 20 years in prison for each fraud count. Looks like their “crypto empire” dreams just turned into a courtroom nightmare.

Hyperliquid DEX Becomes the Latest Target for North Korean Hackers

Summary: North Korea’s infamous hackers have set their sights on Hyperliquid, a decentralized exchange (DEX), raising alarms within the crypto community. Despite losing over $700,000 while trading on the platform, experts believe the activity might be a test to assess its security. In 2024 alone, North Korean cybercriminals have stolen $1.34 billion in cryptocurrency, accounting for 61% of all crypto thefts this year.

The Details

Cybersecurity expert Tayvano revealed that North Korean hackers are trading actively on Hyperliquid. While the hackers incurred significant losses, some speculate they’re probing the platform’s defenses for a bigger attack. Despite the concerns, Hyperliquid’s team has shown little worry. Tayvano, however, warned, “If I were managing their validators, I’d be worried.”

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A Chainalysis report shows 2024 as the most profitable year for North Korean hackers. They’ve stolen $1.34 billion in 47 attacks, a 21% increase from 2023. Major heists include $305 million from DMM Bitcoin and $235 million from WazirX.

Why It Matters

North Korea uses stolen crypto to fund its weapons programs. While DeFi platforms remain prime targets, centralized services aren’t immune. With the crypto market surging, platforms like Hyperliquid must prioritize security as hackers ramp up their efforts into 2025.

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The industry now faces a pressing question: Can it outpace these cybercriminals before another major breach occurs?

Hawk Tuah Girl Finally Speaks Out on $HAWK Token Drama

Summary: Hailey Welch who’s widely and by widely I mean worldwide known as “Hwak Tuah Girl” has finally spoken after the $HAWK token scandal left investors fuming. The token, hyped up by Welch’s massive fanbase, crashed hard minutes after launch, sparking a class-action lawsuit. Investors accuse the project’s team of pulling a classic “rug pull,” leaving them with empty wallets and shattered trust. Welch, though not officially named in the lawsuit, took to Twitter to clear the air and address her fans.

What Went Down?

$HAWK launched on December 4 with a bang, skyrocketing to a $490 million market cap, thanks to the buzz from Welch’s loyal followers. But the hype didn’t last just 20 minutes in, the token tanked to $41 million. Holders claim the creators dumped a huge chunk of the coin, sending its value into a free fall.

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The lawsuit targets the Tuah The Moon Foundation, OverHere Ltd., and Alex Larson Schultz, one of the token’s big promoters. It alleges that $HAWK was sold as an unregistered security and claims the team used Welch’s clout to bait investors into a financial trap.

Welch’s Side of the Story

Addressing the controversy, Welch tweeted: “This is serious, and I want to say sorry to anyone affected. I’m working with legal teams to figure this out and make things right.” She also told investors to hit up the law firms handling the case for help.

The Bigger Picture

The $HAWK presale raised $2.8 million, but when the token went live, things spiraled fast. Welch’s spokesperson said she had zero control over the project, adding, “She just got a sponsorship fee and wasn’t involved in running the coin.”

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This whole mess is a wake-up call for anyone jumping into celeb-backed crypto projects. It’s a reminder that just because your fave is hyping it doesn’t mean it’s a solid bet.

Bitcoin to the Rescue? Trump’s Wild $35 Trillion Debt Plan

Summary: Donald Trump is a sophisticated man, freshly back in the Oval Office and he just dropped a bombshell idea: using Bitcoin to get over the U.S’s massive and huge $35 trillion debt.

“Bitcoin to Fix It All”

Trump isn’t holding back. He’s all in on crypto, claiming digital currencies like Bitcoin could be the secret sauce for America’s financial woes. After becoming the first U.S. president to make a Bitcoin transaction (buying cheeseburgers, no less), Trump has turned his crypto enthusiasm into a national game plan. “Crypto has got a great future,” he declared, suggesting that embracing Bitcoin might just be the bold move the U.S. needs to wipe out its sky-high debt.

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Making America the Crypto Capital

Re-elected in 2024, Trump is set on making the U.S. the global hub for crypto. He’s not just talking about fixing debt; he’s talking about leading a financial revolution. “Maybe we’ll pay off our $35 trillion debt,” he said with a cheeky grin, hinting at Bitcoin’s potential to reshape how the U.S. does money. With the crypto community rallying behind him, Trump’s vision is striking a chord with Gen Z and millennial investors.

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Crypto and Politics: A New Era

Trump’s rival, Kamala Harris, isn’t sleeping on crypto either. While she hasn’t gone full Bitcoin evangelist, she’s pushing for innovation in A.I. and digital assets, making it clear that crypto is on everyone’s radar. With Trump and Harris both giving . With Trump and Harris both giving digital currencies a nod, the U.S. is gearing up for a major crypto-political wave.

Mumbai Grandpa Scammed Out of ₹10 Lakh in a Wild “Digital Arrest” Hoax

Summary: An 81 year old grandpa from Mumbai got caught in a very strange and bizarre digital scam where scammers pretended to be cops, “digitally arrested” him with non-stop video calls. The scammers accused him of crimes like money laundering and human trafficking, extorting ₹10 lakh in the process.

House Arrest on Video Calls

Chandrakant M, a retired senior citizen who recently returned to Mumbai from Hong Kong, got a WhatsApp video call from someone claiming to be a CBI officer. Things took a wild turn when they slapped him with fake accusations of human trafficking and money laundering. The fraudsters told him he was under “house arrest” and kept him glued to constant video calls so he couldn’t leave or ask for help.

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The Big Scam

The scammers pressured him into transferring ₹10 lakh via RTGS under the guise of an “investigation fee.” With no way out and scared stiff, he followed their instructions. The fraud didn’t stop there these crooks are known for converting extorted money into cryptocurrency to cover their tracks.

Police Crackdown on Digital Arrest Gangs

This isn’t the first “digital arrest” con in India. A similar gang was busted in Rajasthan recently, where 15 people were caught running a similar scam. While Chandrakant managed to file an FIR at Santacruz police station, his story is a grim reminder to stay cautious of fake authority calls.

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For now, police are investigating the case and working to track down the scammers.

Russia’s Bank Governor Says No to Crypto for Local Use

Summary: Russia’s Central Bank Governor, Elvira Nabiullina, has confirmed that crypto isn’t making the cut for domestic payments in the country. While Russia isn’t rolling with Bitcoin for everyday purchases, they’re embracing crypto for international trade to sidestep Western sanctions.

No Crypto for Daily Use

During a press conference, Nabiullina put it bluntly: “We continue to believe that cryptocurrencies should not be used as a means of domestic payment.” This keeps Russia’s current legislation, which bans crypto for local transactions, firmly in place. But they’re not entirely shutting the door on crypto. In fact, they’re open to it for international payments, with Nabiullina adding, “We support and promote projects related to the use of cryptocurrency for external payments, but for domestic payments no.”

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Crypto Moves Beyond Borders

Russia is doubling down on crypto’s potential for global trade. The Central Bank is gearing up to test its first cross-border cryptocurrency payment before the year wraps up. This approach aligns with the country’s strategy to maneuver around Western sanctions.

In 2023, Russia started experimenting with crypto for external settlements, and by March 2024, President Vladimir Putin signed a law allowing digital financial assets for specific uses. While the Central Bank stays firm on banning crypto for daily transactions, its selective adoption signals a strategic pivot in how Russia leverages blockchain tech globally.

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How to Buy Fartcoin? A Gen Z Guide

Summary: Fartcoin as its name suggest is making quite a loud sound in crypto space. This memecoin has a wacky and catchy name and this coin has skyrocketed over 400% in the past month, hitting a price of $1.15 and smashing a $1 billion market cap. What started out as a joke on Solana blockchain is now smashing records.

Where to Get Your Hands on Fartcoin

If you’re ready to jump on the Fartcoin bandwagon, you won’t find it on big-name platforms like Binance or Coinbase just yet. But don’t worry; it’s listed on popular tier-2 exchanges like KuCoin, Bitget, HTX, and Gate.io. For the DeFi crowd, decentralized exchanges like Raydium and Orca are also great options. Whether you go centralized or decentralized, grabbing this quirky token is pretty straightforward.

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So, How Do You Actually Buy It?

On centralized exchanges, you’ll need some USDT to trade for Fartcoin. Once you’ve got that, head to the market section, place your order, and voilà welcome to the Fartcoin fam. If you prefer decentralized exchanges, set up a SOL-compatible wallet like Phantom, connect to a DEX, and swap your tokens for Fartcoin. Either way, you’re good to go.

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Why Fartcoin Is Popping Off

Launched just last month, Fartcoin is riding a wave of hype thanks to its meme appeal and strong community backing. Rumors of a listing on Binance or Bybit are fueling even more excitement. If that happens, this token’s value could blast off even higher.

Hyderabad Women Are Taking Over India’s Crypto Game

Summary: Who says crypto is only for men? Hyderabad’s women are straight-up slaying in the crypto world, making up 45% of the city’s investors. According to CoinSwitch’s “How India Invests in Crypto 2024” report, they’re leading the charge in a space that’s been mostly dominated by men and it’s a total vibe shift for India’s investment scene.

Crypto Queens of Hyderabad

While the rest of India still has women at just 11% of crypto investors, Hyderabad’s got a whole different energy. Women here are owning nearly half of the crypto game, showing the rest of the country how it’s done. Out of all Indian cities, Hyderabad ranks fourth for total crypto investments, with a solid 5.1% share. It’s trailing only Delhi NCR (20.1%), Bengaluru (9.1%), and Mumbai (6.5%)but clearly making its mark.

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Smart Moves, Smarter Investors

Hyderabad’s investors know what’s up. Around 42% are all-in on large-cap cryptos, 26% are vibing with mid-caps, and 4% are rolling the dice on small-cap coins. The rest? They’re playing it cool with 28% in blue-chip assets. Women aren’t just dipping their toes in they’re making big moves, showing the world they’re just as savvy (if not more) than their male counterparts.

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Tradition Meets Tech

Hyderabad, with its rich history and modern tech vibes, is the perfect mix of old-school charm and new-age hustle. The city’s pro-crypto stance shows that you can honor your roots while embracing the future and women here are leading that charge like total bosses.

Bitget & TRON Lock in $10M Deal to Level Up Blockchain

Summary: Everywhere in crypto space seems to be moving big as companies like Biget and TRON have teamed up with a $10M deal to take blockchain to next level. As per speculatios this partnership aims to make crypto more user friendly and accessible while boosting TRON’s ecosystem in DeFi and beyond.

Bitget’s $10M Flex on TRON

Bitget is going all in on TRON, dropping $10M into TRX, TRON’s utility token. This collab is set to shake things up in DeFi, centralized exchanges (CEX), and other blockchain projects. Gracy Chen, Bitget’s CEO, said it’s all about linking up with game-changers to bring real value to the global crypto fam.

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TRON’s Street Cred

TRON isn’t just your average blockchain it’s a beast. With over 278M user accounts and 9B transactions under its belt, it’s all about speed and affordability. TRON plays a key role in stablecoin payments, with over $10B moving on-chain every day. Founder Justin Sun hyped the partnership on X, saying it’s all about empowering devs and making TRON easier to use for everyone.

Bitget Making Waves

Bitget isn’t slacking either. With 45M users in 150 countries, it’s known for cool features like copy-trading and its NFT marketplace. Bitget’s also been locking down partnerships, like becoming LALIGA’s official crypto partner.

This deal is a big win for blockchain innovation, bringing fresh energy to the space and making crypto more mainstream.

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