In today's crypto news, FTX co-founder Gary Wang has been sentenced to time served for his involvement in the exchange's collapse, which also included three years of probation and asset forfeiture. Wang and former Alameda Research CEO Caroline Ellison were sentenced in connection with FTX's downfall, with Ellison receiving a two-year sentence. Meanwhile, a savvy memecoin trader turned a mere investment of two Solana tokens (worth around $460) into a staggering profit of $988,000 in just three hours, despite trading a scam token that turned out to be a rug pull. The trader's impressive return was achieved through the purchase of the Gen Z Quant memecoin. Additionally, MicroStrategy's Michael Saylor is set to present to Microsoft's board on why the tech giant should invest in Bitcoin, following an offer to discuss the topic with Microsoft CEO Satya Nadella that was ultimately declined.

Source 🔗