Trader's $1 Billion Bitcoin Bet Goes Wild Amid Post-Record Price Swings

Braden Karony, CEO of SafeMoon, was found guilty of fraud, conspiracy, wire fraud, and money laundering, facing up to 45 years in prison. The scheme involved misappropriating millions from investors through misleading claims about the SafeMoon token.

Bitcoin surged to a new all-time high of $109,565, rebounding from a low of $75,000 in April. Experts predict further increases, with some foreseeing a $200,000 top and others projecting even higher values, such as $500,000 to $1 million.

Jeremy Jordan-Jones, the alleged founder of Amalgam, faces charges of fraud for deceiving investors with false claims of partnerships and a non-existent crypto token. Prosecutors claim he misused over $1 million to support a lavish lifestyle.

Over $996.6 million was invested in American Bitcoin ETFs on Monday and Tuesday, with total net inflows exceeding $42 billion. The surge in ETFs reflects growing investor interest in digital assets, driving Bitcoin's price to a record high of $109,565 before a slight retreat.

Solana Mobile will release the Seeker phone on August 4, featuring the SKR ecosystem token. The decentralized Solana Mobile ecosystem aims to provide a secure Web3 experience for users and attract more manufacturers through its architecture.

Millions of dollars are being wagered on Bitcoin's future price, with predictions ranging from hitting $110,000 by the end of May to surpassing $200,000. Various platforms like Polymarket and Kalshi are hosting these bets, indicating different probabilities for Bitcoin's price milestones.

VOYA Games, a crypto gaming startup, secured $5 million in funding to develop Craft World, a pixelated game set in a post-apocalyptic world where humans coexist with dinosaurs. The game features NFT items and a shared player economy.

World Network's WLD token raised $135 million in a private sale to a16z and Bain Capital Crypto for network expansion. The token surged 14% on the news, with a market cap of $1.87 billion and a 55% increase in the last month.

Dogecoin, the eighth-largest cryptocurrency by market cap, surged 6% to over $0.23 in the last 24 hours, outpacing Bitcoin's 4% rise. The SEC's delay on a DOGE-based ETF proposal by Grayscale may have contributed to the altcoin's recent gains.