Crypto
crypto
Toby Bochan

Report from on-chain sleuths links MrBeast’s crypto wallet to shady shilling, millions in profits

A group of crypto on-chain analysts and social-media investigators have published a detailed analysis connecting the publicly identified crypto wallet of Jimmy Donaldson, aka MrBeast, to a wide network of seemingly suspicious activity. Their investigation alleges MrBeast has made $23 million from a multitude of scams, including pump-and-dump schemes.

In complicated and detailed maps showing links between several wallets, the analysts laid out both on-chain evidence and supporting posts from X (formerly Twitter) that showed MrBeast engaging with various projects. Being involved with crypto projects and profiting off them isn’t inherently bad, of course, and MrBeast and his Lunchly partner, Logan Paul, have been open about buying NFTs such as CryptoPunks in the past.

What does look suspicious, on the other hand, is called out by the paper:

“With MrBeast’s track record of consistently hitting large returns whilst being a full-time content creator and owning various businesses, there is an extremely high likelihood that his success in cryptocurrency investing is not the result of sharp trading intuition but just knowing insider information, particularly related to upcoming brand deals and partnerships within his network, including figures like KSI, GaryVee, and LazarBeam.”

It’s a very technical report to read and hard for anyone without deep on-chain crypto knowledge to follow, but even the best trader in the world doesn’t see huge profits on 100% of their investments.

This is not great news for MrBeast, who besides dealing with mini-Beast competitors, is facing news that the Lunchly line is full of mold, as well as a lawsuit over his Amazon show which claims conditions while filming “endangered the health and welfare” of participants.

MrBeast Investigation — loock.io

MrBeast Investigation — loock.io

In complicated and detailed maps showing links between several wallets, the analysts laid out both on-chain evidence and supporting posts from X (formerly Twitter) that showed MrBeast engaging with various projects. Being involved with crypto projects and profiting off them isn’t inherently bad, of course, and MrBeast and his Lunchly partner, Logan Paul, have been open about buying NFTs such as CryptoPunks in the past.

What does look suspicious, on the other hand, is called out by the paper:

“With MrBeast’s track record of consistently hitting large returns whilst being a full-time content creator and owning various businesses, there is an extremely high likelihood that his success in cryptocurrency investing is not the result of sharp trading intuition but just knowing insider information, particularly related to upcoming brand deals and partnerships within his network, including figures like KSI, GaryVee, and LazarBeam.”

It’s a very technical report to read and hard for anyone without deep on-chain crypto knowledge to follow, but even the best trader in the world doesn’t see huge profits on 100% of their investments.

This is not great news for MrBeast, who besides dealing with mini-Beast competitors, is facing news that the Lunchly line is full of mold, as well as a lawsuit over his Amazon show which claims conditions while filming “endangered the health and welfare” of participants.

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crypto
Sage D. Young

Ethereum exits: Investors depart its ETFs and the Ethereum Foundation shrinks (again)

On Monday, two researchers announced they were leaving the nonprofit organization tasked with supporting the second-largest blockchain network, adding to a growing exodus from the Ethereum Foundation.

Carl Beek, who helped architect the early design of ethereum’s beacon chain, will end his seven-year tenure with the foundation at the end of the month, while research scientist Julian Ma, who focused on product and growth work, has also decided to leave after four years.

Beek and Ma deepen a recent bout of turnover. Last week, the foundation said in a blog post that lead developers Barnabé Monnot and Tim Beiko are moving on from the organization. In April, Josh Stark, who was on the Ethereum Foundation leadership team for five years, left, as did Trent Van Epps, who organized Protocol Guild, which provides funding to core developers. The string of departures has raised concerns among those in the ecosystem.

“There have been a lot of disagreements about where ETH should move, whether from an issuance or architectural standpoint,” Laurens Fraussen, a research analyst at data provider Kaiko, told Sherwood News. “I’d assume the people leaving are either looking for greener pastures or don’t agree with the way the EF is being run.”

The foundation exodus comes as investors exit from ethereum ETFs. The investment vehicles saw more than $86 million in outflows on Monday, making six straight days of outflows, the longest streak since March, according to SoSoValue.

Meanwhile, an address identified as Galaxy Digital has a $2.3 million short position on ethereum using 20x leverage on Hyperliquid, data from blockchain analytics firm Nansen shows. The price of ethereum stands just under $2,110 as of 12:10 p.m. ET. With an entry point of $2,203, the firm has an unrealized gain of $102,000.

Yaël Bizouati-Kennedy
15h
Bernstein stamps several bitcoin miners with “outperform” ratings: “An integral part of the AI value chain”

Analysts say IREN, Riot Platforms, CleanSpark, and Core Scientific are “well positioned in a power-constrained environment” to profit.

Cryptocurrency mining rigs
crypto
Sage D. Young

Ethereum falls faster than bitcoin as crypto tape turns red

The second-largest cryptocurrency is nearing the $2,100 mark, declining more than 9% in the last seven days, a steeper decrease than its older sibling bitcoin, which is also suffering.

Ethereum ETFs have had five consecutive days of outflows combining for $255 million, data from SoSoValue shows.

Meanwhile, Goldman Sachs and Harvard University both filed 13Fs showing each pulled back their exposure to ethereum.

Goldman now holds nearly $178 million in BlackRock’s iShares Ethereum Trust ETF, down from $679 million, according to its latest 13F filing. It also exited its $394 million position in the Fidelity Ethereum Fund as well as a smaller position in ETHZilla, while adding $67 million of the iShares Staked Ethereum Trust ETF.

Harvard completely trimmed its ethereum exposure. The endowment did not report any ethereum ETF holdings in its latest 13F filing, submitted Friday, but showed an $86.8 million position in BlackRock’s iShares Ethereum Trust ETF in its previous 13F filing in February.

But ethereum bulls remain: treasury behemoth BitMine Immersion Technologies continued its accumlation of ethereum, albeit at a slower pace. “Over the past week, we acquired 71,672 ETH,” Chairman Tom Lee said in a Monday press release. “We view the recent pullback of ETH to below $2,200 as an attractive opportunity.” The firm’s unrealized loss now exceeds more than $7.3 billion.

Traders aren’t so bullish: prediction market-implied odds of ethereum breaking $2,500 in May stand at just 7%, a sharp drop-off from a week ago, when the probability was at 57%.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Yaël Bizouati-Kennedy
5/18/26
“Crypto is on edge” as bitcoin dips below $77,000 and ETFs see $1 billion in weekly outflows

“The core question for the week ahead is whether ETF selling is a temporary rebalance after a strong run or the first sign that institutional allocators are fading the rally,” one analyst said.

Bitcoin ice carving
Yaël Bizouati-Kennedy
5/15/26
Bitcoin and crypto industry can’t hold CLARITY Act bump as it heads to Senate

While bitcoin, Coinbase, Circle, and Strategy all gained right after the CLARITY Act cleared the Senate Banking Committee, the momentum reversed on Friday and crypto slumped.

Crypto Currencies Exchange In Poland.

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