Crypto Weekly Roundup: BitClout Founder Faces Charges, Compound Faces Governance Attack, & More

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BitClout founder Nader Al-Naji faces SEC and DoJ charges for wire fraud and securities violations, Compound Finance is embroiled in a $24 million governance attack controversy, and the US government moved $2 billion worth of Bitcoin, causing a 4% drop in its value. Let’s find out more
Bitcoin
Only two days after presidential hopeful Donald Trump said at the Bitcoin 2024 conference that he would not move the US Silk Road $BTC, the government did just that, transferring $2 billion worth to a previously unknown wallet. Bitcoin lost 4% in value on the news.
At the Bitcoin 2024 conference, Cantor Fitzgerald announced plans to open a $2 billion Bitcoin financing initiative that will offer leverage and security to Bitcoin holders.
DeFi
A controversial proposal to allocate $24 million of Compound Finance’s treasury has sparked allegations of a governance attack by a small group of token holders, raising concerns over the protocol’s decision-making integrity.
Technology
Polka

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