I figure within two years "crypto.com arena" in Los Angeles will go the way of Enron Field and PSI.Net Stadium.

Eventually every sports facility will be either named for Mercedes-Benz or some insurance company or for-profit health care chain.

#cryptoisaponzischeme

https://reason.com/2025/02/03/el-salvador-walks-back-its-bitcoin-law/
El Salvador Walks Back Its Bitcoin Law. Four years after becoming the first country to adopt bitcoin as legal tender, the Legislative Assembly has approved changes to the country's Bitcoin Law, effectively removing bitcoin's status as legal currency. #CryptoIsAPonziScheme
El Salvador walks back its bitcoin law, ending its status as legal currency

But it's also investing more in the cryptocurrency.

Reason.com
These Are the Members of Congress Who Are Trading Crypto

Congress loves crypto. So why do so few people on Capitol Hill buy and sell memecoins and other kinds of crypto?

The Intercept
The Memecoin Shenanigans Are Just Getting Started

The market for absurdist cryptocurrencies mutated into a hundred-billion-dollar phenomenon in 2024. Yes, things can get even more deranged.

WIRED
@formuchdeliberation 👏🏽 👏🏽 👏🏽 #cryptoIsaPonziScheme
The Crypto Industry Is Helping Trump Pick SEC Chair

The president-elect's transition team is consulting with industry leaders as it vets potential replacements for outgoing chair Gary Gensler, sources tell WIRED.

WIRED
Now BlueSky hit with crypto scams as it crosses 20 million users

As users are flocking to BlueSky from social media platforms like X/Twitter, so are threat actors. BleepingComputer has spotted cryptocurrency scams popping up on BlueSky just as the decentralized microblogging service surpassed 20 million users this week.

BleepingComputer