MrBeast's Crypto Scandal: $10M Promote-and-Dump Scheme?

What we’ll cover today:

💸 MrBeast's Crypto Scandal: $10M Scheme?

💡 Is Kamala Harris the Next Big Thing for Tech Stocks?

🎢 A Crypto Rollercoaster.

1. MrBeast's Crypto Scandal: $10M Scheme?

What if YouTube’s biggest star wasn’t just giving away millions—but making them from your investments?

MrBeast, the face of viral generosity, is now at the centre of a crypto controversy.

Here’s the breakdown of the situation:

• Accusation: Blockchain investigator SomaXBT claims MrBeast promoted altcoins to his massive fanbase.

• Price Surge: His promotion allegedly caused the prices of these altcoins to skyrocket.

• Cash-out: After the price peak, MrBeast reportedly sold his holdings, leaving investors with losses.

• Earnings: These alleged promote-and-dump schemes are said to have earned him over $10 million.

While no laws seem to have been broken, the ethical questions are hard to ignore.

MrBeast’s influence is massive, and this case highlights the risks in the unregulated world of crypto.

Influencers like him can sway markets in a heartbeat.

Here’s the whole article

2. Is Kamala Harris the Next Big Thing for Tech Stocks?

Vice President Kamala Harris is shaking up the tech world with a strong endorsement of AI and cryptocurrency.

She has expressed support for advancing the AI and cryptocurrency sectors, diverging from the current administration's more regulated approach.

This significant pivot from President Biden’s tightly regulated approach could attract pro-crypto voters and even align her with some Republican views.

Key Points to Watch:

• NVIDIA: Dominates the AI chip market and could reach new heights with increased AI advocacy.

• Coinbase: Faces legal challenges from the SEC but could benefit from more crypto-friendly regulations.

We could be on the brink of a tech revolution with Harris at the helm.

Here’s the whole article.

3. A Crypto Rollercoaster.

CoinGecko's latest report highlights the crypto market's stability with a $2.3 trillion market cap despite economic instability.

Bitcoin Dominance:

• Bitcoin dominates 53.6% of the market.

• Increased by 2.7% from last quarter, impacting Ethereum, which is now at 13.4%.

Market Dynamics:

• Centralised trading volumes dropped by 14.8%.

• Prediction markets surged by 565.4% due to interest in the US elections.

As going ahead, expect more developments as the sector's resilience and innovation continue.

Here’s the whole article