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2/19/25: Dave Portnoy Is Getting Greedy šŸ‘¹šŸ’°šŸ˜±

Author

Valko
February 19, 2025

Top News

  1. Dave Portnoy rug-pulls ā€˜Greedā€™ memecoin for $250K profit

  2. Curve Finance founder raises $5M for new project Yield Basis

  3. Hayden Davis claims he 'controls' Milei by bribing his sister

Specsā€™ Insights

1. Dave Portnoy rug-pulls ā€˜Greedā€™ memecoin for $250K profit

āŒā—Ŗ-ā—Ŗ ā†’ Portnoyā€™s memecoin madness continues.

Dave Portnoy just dropped $GREED, rug-pulled it, then launched $GREED2ā€”and somehow, people still lined up to donate. A short timeline of events for context:

  • 3:35 PM: Portnoy says he's not selling $GREED anytime soon.

  • 4:45 PM: Dumps his entire bag and pivots to $JAILSTOOL.

  • Meanwhile, two other wallets sniped the launch, walking away with over $300K each.

In response to the backlash, he launches $GREED2, immediately sending the market cap to $4.4M. Portnoy holds 26%.

Now heā€™s bragging that he can turn $2K into $1M in 15 minutes if he wants to. Honestly, it's getting pathetic. Youā€™d think people would stop falling for the same tricks ā€” especially when the token is called $GREED ā€” but stupidity is why the cycle repeats.

I will agree with Portnoy on one thingā€”as long as greed exists and memecoins remain unregulated, theyā€™ll keep printing money for insiders while retail gets wiped. At this point, itā€™s like crack for gambling addicts.

2. Curve Finance founder raises $5M for new project Yield Basis

āŒā—Ŗ-ā—Ŗ ā†’ Curveā€™s Michael Egorov is back with a new project.

Curve Finance founder Michael Egorov is launching Yield Basis, a new DeFi platform aimed at helping tokenized BTC and ETH holders earn yield while minimizing impermanent loss. Some key details:

  • Yield Basis is raising $5M at a $50M FDV.

  • It plans to reduce impermanent loss for LPs, making market making more efficient.

  • Investors get 10% of the YB token supply, with a six-month cliff + two-year vesting.

Given Egorovā€™s history with leverage and liquidations, this will be interesting to watch. If executed well, Yield Basis could be a major unlock for DeFi LPsā€”but whether the market trusts him after his Curve drama is another question entirely.

3. Hayden Davis claims he 'controls' Milei by bribing his sister

āŒā—Ŗ-ā—Ŗ ā†’ Hayden Davis says he controls Milei.

The LIBRA scandal just hit next-level corruption.

Newly leaked messages show Hayden Davis bragging that he controls Argentine President Javier Milei by bribing his sister. More specifically he said, "I control that n**. I send $$ to his sister and he signs whatever I say and does what I want." Donā€™t believe me, here is the screenshot.

This is beyond insaneā€”and somehow, it gets worse:

  • Local media reports that Mileiā€™s team has been working behind the scenes to manage the scandal.

  • Davis was told to stop doing interviews after completely incriminating himself in the now-viral Coffeezilla clip.

  • And yesterday, when an interviewer asked one unscripted question about the allegationsā€”Mileiā€™s sister shut it down immediately.

If this is true, Mileiā€™s presidency is cooked. There is no walking this backā€”this is real government-level corruption. Absolutely unreal and unacceptable.

Everything Else

ā›“ļø Crypto & DeFi

  • Bitcoin drops below $95K as Solana, XRP, and Dogecoin keep falling

  • New malware can steal crypto on Apple macOS devices

  • Cardex exploit compromised $400K worth of Ether across 9,000 wallets

  • CZ donates 150 BNB to LIBRA scam victims, ends up with more than he gave

  • Founder of World Liberty Financial credits Justin Sun for projectā€™s success

  • Libra token co-creator bragged of influence over Argentina's Milei

  • LIBRA token facilitator claims he paid Mileiā€™s sister for influence

  • Former Tether CEO to debut rival yield-bearing stablecoin on ETH and SOL

  • Cobie hints that private funding platform Echo may release an ICO product

  • Wintermute plans to expand its business in the United States

  • Rumors swirl that Jack Dorsey is Satoshi Nakamoto

  • Kaito announces TGE for Feb 20, plus tokenomics

  • Binance US plans to reinstate USD services

šŸ¦ Wall Street & VC

  • Charles Schwab creates new executive position, Head of Digital Assets

  • WisdomTree launches ETP based on CoinDesk 20

  • Grayscale rolls out crypto fund for Pyth, expanding Solana investor access

  • Robinhood and Coinbase Q4 data shows retail interest in alternative cryptos

  • Coinbase launches Solana, Hedera futures contracts for US traders

  • Strategy announces $2B convertible note offering to fuel Bitcoin purchases

  • Strategy flags profitability risk amid Bitcoin volatility

  • MARA acquires Texas wind farm to power Bitcoin mining

  • Mastercard says it has moved beyond experimentation in crypto

  • Blockaid raises $50M to tackle on-chain threats

šŸ›ļø Legal & Regulatory

  • Senate confirms pro-crypto Howard Lutnick as commerce secretary

  • Utah BTC Reserve bill advances to Senate Revenue and Taxation Committee

  • US Senate confirms pro-crypto Howard Lutnick as Secretary of Commerce

  • FTX begins initial $1.2B payout process to creditors

  • FTX creditor ā€˜championā€™ advises SBFā€™s victims to avoid gambling on Solana

  • SEC seeks public feedback on approving options trading for Ethereum ETFs

  • SEC acknowledges spot XRP ETF filing from Bitwise

šŸŒŽ Rest Of The World

  • Czech Central Bank eyes BTC as potential reserve asset

  • MANTRA secures Dubai license, expanding global reach

  • Hong Kong explores new token listings, derivatives, and staking

  • Indian authorities seize $190M tied to BitConnect crypto scam

  • Zerocap launches Australiaā€™s first crypto product linked to CoinDesk 20

  • Robinhood seeks expansion into Singaporeā€™s crypto market by late 2025

  • Metaplanet announces 10-to-1 stock split after 3,900% price surge

  • Norway charges four over $87M crypto investment fraud

  • Tether makes 'unsolicited' offer to buy majority stake in Adecoagro

  • Hong Kong grants Bullish trading platform virtual assets license

šŸ–¼ļø NFTs & Metaverse

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