I hope you had a good weekend, folks. The crypto market saw over $1 billion in liquidations as Bitcoin dipped below $100,000 on Sunday following news that the U.S. had carried out three military strikes on Iranian nuclear sites. The escalating geopolitical conflict is keeping traders on edge.

In today's newsletter, Self Chain ousts its CEO after allegations of involvement in a $50 million crypto OTC fraud, Paradigm invests $15 million in GTE, OKX becomes the latest crypto firm to consider a U.S. IPO, and more.

Meanwhile, Strategy and Metaplanet keep topping up their Bitcoin coffers.

Let's get started.

Self Chain has fired CEO Ravindra Kumar after users accused him of orchestrating a $50 million multi-month Ponzi-style OTC crypto scam.

Early-stage crypto venture capital firm Paradigm exclusively led a $15 million Series A round for Global Token Exchange (GTE), a DEX aiming to match the speed and performance of CEXs like Binance and Coinbase.

Global crypto exchange OKX is reportedly exploring an IPO in the United States just months after relaunching its U.S. operations in April, The Information reported.

Global crypto funds added $1.24 billion last week, extending their positive run to 10 weeks and pushing year-to-date inflows to a record $15.1 billion, according to asset manager CoinShares.

Onchain sleuth ZachXBT said Christian "Daytwo" Nieves is the ringleader of a phishing scam that stole $4 million from Coinbase users.

Never miss a beat with The Block'sdaily digestof the most influential events happening across the digital assetecosystem.

[The Block]