SOLUSD Solana

Today in crypto, controversial Libra co-creator, Hayden Davies, has launched another memecoin that led to a 99% collapse, despite Davies facing calls for an Interpol Red Notice to be issued for his implication in the $107 million Libra rug pull.

Libra, Melania creator’s ‘Wolf of Wall Street’ memecoin crashes 99%

The creator of the Libra (LIBRA) token has launched another memecoin with some of the same concerning onchain patterns that pointed to significant insider trading activity ahead of the coin’s 99% collapse.

Hayden Davis, the co-creator of the Official Melania Meme (MELANIA) and the Libra token, has launched a new Solana-based memecoin, with an over 80% insider supply.

Davis launched the Wolf (WOLF) memecoin on March 8, banking on rumors of Jordan Belfort, known as the Wolf of Wall Street, launching his own token.

The token reached a peak $42 million market cap, however, 82% of the WOLF token’s supply was bundled under the same entity, according to a March 15 X post by Bubblemaps, which wrote:

“The bubble map revealed something strange — $WOLF had the same pattern as $HOOD, a token launched by Hayden Davis. Was he behind this one too?”

Uber angel investor stirs Bitcoin debate with ‘build a better Bitcoin’ remark

A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better.

“Bitcoin has been a wonderful game, but with a couple of giant players cornering the market, the timing is right to “build a better Bitcoin” — restarting the game,” prominent angel investor and internet entrepreneur Jason Calacanis told his 981,600 X followers on March 14.

Founders and executives of Bitcoin-related companies were quick to push back, arguing that Bitcoin will not be replaced, though there’s still room for a dominant layer-2 protocol to emerge on top of the Bitcoin network.

Swan Bitcoin co-founder Brady Swenson said, “Winning protocols don’t get replaced; they are built upon.”

Telegram founder Pavel Durov given permission to leave France

Pavel Durov, founder of the popular messaging app Telegram, has left France and relocated to Dubai following approval from a French court. 

On March 13, Durov reportedly received permission from the French court to depart the country, allowing him to travel to Dubai — a city known for its business-friendly environment and lack of extradition agreements with many nations — according to a Barron’s report citing unknown sources.

Citing unnamed sources, AFP reported that “He (Durov) departed France this morning,” adding that he left with the authorities’ approval. Another source stated that he had been granted permission to leave France for “several weeks.”

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