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MegaETH drops MEGA token after hitting its first onchain milestone
Elon Musk told an Oakland jury that most crypto coins are scams, as OpenAI's ICO plans surfaced in court.
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Crypto had a strange week.
Dogecoin's most famous fan trashed most tokens as scams from a witness stand.
Meanwhile, one of the world's biggest fintechs quietly rewired itself around digital assets.
And a new Ethereum layer 2 just launched a token tied to whether anyone actually uses it.
Here's what you need to know today.
MegaETH launches MEGA and bets big on performance over hype
MegaETH wrapped up a seven-day countdown and opened MEGA trading after proving real network usage.
Half of MEGA airdrop recipients are still holding the token, which hit a $1.6B valuation on day one.
USDM also quietly ran hot pre-launch, scaling from $63M to $300M as activity picked up and liquidity started feeding the loop.
Markets
Musk throws shade on crypto during OpenAI courtroom showdown
Elon Musk took the stand in his case against OpenAI and didn’t hold back on crypto.
Asked to explain it, he said: “Some have merit, but most are scams.”
The comment came during testimony about OpenAI’s old plan to fund itself with an ICO, a relic of the 2018 token boom that helped fuel crypto hype.
His company Tesla still holds nearly $800M in Bitcoin on its balance sheet, even after selling most of its position in 2022.
BTC held near $76K, ETH slipped below $2,300, and SOL hovered around $83.
PayPal splits into three divisions to speed up crypto and fintech push
PayPal is carving itself into three separate business units with new leadership across each.
The goal is faster execution on digital payments, crypto products, and consumer growth.
When a $70B fintech restructures around crypto, the industry probably isn't going away.
On Our Radar
Blueface's net worth: The rapper's estimated fortune sits around $4 million.*
The AI real estate play: MARA's betting $1.5 billion on Ohio's power infrastructure for data centers.
Bitcoin consolidation play: Tether-backed Twenty One Capital is merging with Strike and Elektron.
*sponsored
ICYMI
Meme of the Day
That’s your briefing. Catch you next time.
Vi
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