🪙 Crypto News (May 30, 2024):

1️⃣ Lookonchain: An anonymous trader multiplied their deposit by 762 times in just five hours. They transformed $861 into $650,000 by trading the meme coin #MOTHER on the Solana network. This trader spent 5.14 SOL ($861 at the time) to buy 86.55 million MOTHER, which was 8.66% of the total token supply. About five hours later, they sold 80.41 million MOTHER for 3,035.5 SOL, valued at $509,000. 🚀

2️⃣ DLNews: #Binance France, the French division of the cryptocurrency exchange Binance, has completely divested former CEO Changpeng Zhao of his shares. 🏦

3️⃣ Morningstar: #Ripple Labs has allocated an additional $25 million to the super political action committee (Super PAC) Fairshake to support certain politicians and groups. 💰

4️⃣ Justice: Former #FTX Digital Markets CEO Ryan Salame has been sentenced to 90 months—7.5 years—in prison. The court also mandated him to pay a total of $11 million. Salame pleaded guilty in September 2023 to two charges: conspiracy to make illegal political donations and operating an unlicensed money transfer business. ⚖️

5️⃣ UXLINK: The social Web3 platform #UXLINK has officially announced the date for the "In UXLINK We Trust" airdrop snapshot. The snapshot will be taken on June 3, 2024, at 23:59 UTC. 📅

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