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⌐◪-◪ → Justice is served.

Former Celsius CEO Alex Mashinsky has pled guilty to two criminal counts of fraud in a New York court, carrying a maximum sentence of 30 years in prison.

For context, Mashinsky was arrested in 2023 after prosecutors accused him of defrauding customers and lying about Celsius’ profitability. Celsius operated as a crypto lender offering interest on deposits and loans but filed for bankruptcy in 2022, with the case fully settled earlier this year.

Naturally, Tiffany Fong is on the case, trolling Mashinsky in public and even roping in the infamous Bitboy. This is what happens when you lose people’s life savings.

The most damning part? Alex admitted he KNEW what he was doing all along. His past interviews and AMAs hit differently now—check out his greatest hits.

⌐◪-◪ → Trump’s SEC pick is imminent.

President-elect Donald Trump has reportedly selected pro-crypto Paul Atkins to lead the U.S. Securities and Exchange Commission, but there’s a catch—Atkins is hesitant to leave his global consulting firm to overhaul what he sees as a bloated and mismanaged agency under departing chair Gary Gensler.

For context, Atkins served as an SEC commissioner from 2002 to 2008, appointed by George W. Bush, and is well-respected in conservative legal circles. He also worked with current commissioners Mark Uyeda and Hester Pierce during his tenure.

If Atkins declines, other contenders include crypto attorney Teresa Goody Guillèn, former acting Comptroller of the Currency Brian Brooks, and former SEC general counsel Robert Stebbins.

This clip of Atkins explaining the SEC’s flawed approach to crypto and why ETH is not a security is a must-watch. If Bitcoin and Ether move from SEC oversight to CFTC oversight, the impact on Ethereum and the broader crypto market could be massive.

⌐◪-◪ → The memecoin Pump continues!

Solana-based memecoin generation and trading platform Pump.fun hit $93 million in monthly revenue in November—a staggering 207% increase over October’s $30.5 million, bringing cumulative revenue to $240 million.

Over 4.2 million memecoins have been deployed via Pump.fun, according to Dune Analytics. Looking ahead, the team plans to launch its own token, which could drop massive bags to degen traders and spark a memecoin supercycle.

The memecoin mania shows no signs of slowing down. Degens, keep your eyes peeled—this is just getting started.

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