OneLiners
Celsius Founder Seeks to Overturn 12-Year Fraud Sentence
Alex Mashinsky, the founder and former CEO of Celsius, has filed a motion in court to overturn his 12-year prison sentence, citing ineffective defense, a conflict of interest with attorneys from Mukasey & Young LLP, and the application of the "fruit of the poisonous tree" doctrine. In his appeal, he also linked Celsius's losses to alleged actions by Sam Bankman-Fried involving CEL and stETH tokens. Mashinsky had previously pleaded guilty to securities fraud charges.Stellar Surges 30% Amid Market Movements
According to TradingView, Stellar led the daily growth in the crypto market with a 31.56% increase. Following were Audiera (+18.84%), Lighter (+17.09%), Injective (+16.88%), and Monero (+15.01%). Meanwhile, Genius Terminal (-23.37%), Pendle (-7.31%), Plasma (-6.71%), and NEAR Protocol (-6.56%) were among the decliners. In terms of market capitalization, Bitcoin leads with $1.47 trillion, followed by Ethereum ($242.98 billion), USDT ($188.25 billion), BNB ($89.17 billion), XRP ($83.37 billion), and USDC ($75.98 billion).Sui Network Experiences Second Outage in Two Days
On May 29, the L1 blockchain Sui once again halted block production. At the time of writing, the pause has lasted approximately 1 hour and 30 minutes. The development team has reported that they are actively investigating the incident.Quantinuum Sets IPO Price Range, Valuation Up to $12.7 Billion
Quantinuum has updated its IPO filing, revealing a price range of $45–$50 per share. The company plans to list 21,052,632 Class A shares on Nasdaq. With these parameters, the post-IPO valuation is expected to be between $11.43 billion and $12.7 billion. Quantinuum enters the market as one of the largest players in quantum computing with a billion-dollar valuation.We use cookies to improve the quality of our service.
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