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Dakota is a crypto-native bank for enterprises that simplifies fund management and provides robust, high-yield financial products through DeFi lending, protocol staking rewards, and U.S. Treasuries.
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Fortitude Appoints Former Hut 8 CEO Leverton to Lead NASDAQ Listing Plan
According to CoinDesk, Zcash mining company Fortitude Mining Holdings announced the appointment of former Hut 8 CEO Jaime Leverton as chief executive officer, who will officially take office on September 21. Outgoing CEO Andrea Childs will step into the role of chief operating officer. Leverton previously led Hut 8’s merger with US Bitcoin Corp and drove its transition to a U.S.-domestic operation. Fortitude plans to go public by merging with NASDAQ-listed HeartSciences (HSCS). Upon completion, the combined company’s ticker will change to “TUDE,” with the transaction expected to close in the fourth quarter and valuing the post-merger entity at at least $400 million. Spun off from Foundry in January 2025 by Barry Silbert’s Digital Currency Group, Fortitude currently operates over 60 megawatts of power capacity across South Dakota, Nebraska, Texas, and New York. It mined 72,696 ZEC in the first half of the year, accounting for approximately 28% of the network’s total output during that period, while Q2 revenue reached $20.9 million.
A crypto investor from South Dakota, USA, faces 29 charges for an alleged $20 million fraud scheme
U.S. prosecutors have disclosed that a federal grand jury has indicted Benjamin Paul Wiener, a crypto investor from Sioux Falls, South Dakota, on 29 criminal charges, including wire fraud, money laundering, bank fraud, and aggravated identity theft, involving approximately $20 million.According to the indictment, Wiener, 43, is accused of inducing investors, through false statements, to invest funds and digital assets into multiple companies under his control, with victims spanning South Dakota and Minnesota and involving dozens of investors. Prosecutors allege that after obtaining the funds, Wiener transferred assets through banks and cryptocurrency exchanges to conceal the source, ownership, and control of the funds, and used part of the money for personal expenses.Prosecutors further allege that when cash flow became tight or investors demanded redemptions, Wiener would recruit new investors and use the incoming funds to repay earlier investors, with the operation resembling a Ponzi scheme. It is reported that he utilized eight companies, including multiple LLCs, to carry out these activities.Additionally, Wiener is accused of fabricating documents and communication records in April 2025, and using another person's identity to fraudulently obtain a $1 million line of credit from a financial institution in Sioux Falls.Wiener appeared in court on July 10 and pleaded not guilty to all charges. He was released after posting bail. The trial is expected to begin on September 15. Under U.S. law, wire fraud and money laundering carry a maximum sentence of 20 years in prison, bank fraud carries a maximum of 30 years, and aggravated identity theft carries a mandatory consecutive sentence of at least two years. The IRS Criminal Investigation (IRS-CI) and the Federal Bureau of Investigation (FBI) are jointly investigating the case. (The Block)
Trump took his first ride on the new "Air Force One" gifted by Qatar, stating that the US "can't build planes like this"
On July 1, U.S. President Donald Trump took his first ride on the new "Air Force One" presidential aircraft, a gift from the Qatari government. He showered the plane with praise, stating that the US "can't build planes like this." Trump departed that day for North Dakota to attend the opening ceremony of the Theodore Roosevelt Presidential Library.In an interview with the media before boarding, he said, "I am very excited about this first flight. No one has ever seen a plane like this before." (Xinhua)