MegaLabs, the developer of MegaETH, raised $10 million in under three minutes on the Echo platform, involving 3,200 investors from 94 countries. Frank Richard Ahlgren III was sentenced to two years in prison for underreporting capital gains from bitcoin sales. Gate.io dismissed rumors of a security breach, confirming no issues. The Polygon community is considering deploying over $1 billion in stablecoin reserves for yield generation. Riot Platforms acquired 5,117 BTC, increasing its holdings to 16,728 BTC, valued at $1.7 billion.

It's Friday! In today's Daily, MegaETH's developer raises $10 million in three minutes on Echo, a U.S. crypto tax evader earns a two-year prison sentence, Gate.io dismisses hack rumors and more.Meanwhile, reflecting on her gamified crypto challenges, AI agent Freysa tells The Block, "superior intelligence is no longer exclusive to humans."Let's get started.MegaLabs, the developer of MegaETH, raised $10 million in under three minutes on Echo, marking the platform's largest sale to date with 3,200 investors from 94 countries.Frank Richard Ahlgren III from Austin, Texas, was sentenced to two years in prison on Thursday for falsely underreporting capital gains made from selling $3.7 million worth of bitcoin.Crypto exchange Gate.io dismissed rumors of a security breach on Friday morning, confirming no abnormalities or issues were detected.The Polygon community is considering a proposal to deploy over $1 billion in stablecoin reserves on its PoS Chain bridge with Ethereum for yield generation.Bitcoin miner Riot Platforms acquired another 5,117 BTC for over $510 million between Dec. 10 and Dec. 12, raising its total holdings to 16,728 BTC, worth around $1.7 billion.Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.

MegaETH Developer Raises $10M Rapidly; US Crypto Tax Evader Sentenced