A man linked to the launch of two collapsed memecoins has reportedly gone ahead with another project despite a potential Interpol Red Notice with his name on it.

Blockchain analytics firm Bubblemaps reports that Hayden Davis was involved in launching WOLF, a coin inspired by the Wolf of Wall Street, the hit film based on former stockbroker Jordan Belfort.

Davis admitted to being behind the launch of LIBRA, a memecoin initially backed by Argentinian president Javier Milei. He was also copped for his involvement in the launch of MELANIA, a coin based on US First Lady Melania Trump. Both coins collapsed over 92% very shortly after their launch and have not recovered.

Shortly after the launch of LIBRA, Milei disavowed the memecoin, claiming he did not understand what he was getting himself into.

According to Forbes, Argentinian prosecutor Gregorio Dalbón has asked for a judge to arrange for an Interpol arrest warrant on Davis for his role in LIBRA.

Says Dalbón,

“I’m here to request the immediate detention of Hayden Mark Davis, a citizen of the United States, who is accused of being one of the principal actors behind the launch of the cryptocurrency LIBRA…

The possibility that Davis will abandon his country of residence or hide to avoid answering for his alleged acts appears to be aggravated by the economic resources he possesses, which he can use to move or remain in hiding, hindering our investigation.”

Despite the threat of being arrested, Bubblemaps says that one wallet that sniped the launch and collapse of WOLF behaved exactly the same as a wallet involved in a previous pump and dump allegedly linked to Davis.

“Starting with the WOLF creator 6MsuHd, we followed funding transfers back across 17 addresses and five cross-chain transfers.

All led to a single address: OxcEAe

The same one owned by Hayden Davis!

Why would Hayden do this?

Maybe he thought no one would trace it back to him.

He funded these wallets months before LIBRA and WOLF launched, moving money through 17 addresses and two chains.”

At time of writing, WOLF is trading for $0.00047, down nearly 99% from its all-time high of $0.0429 recorded on March 8th, according to DEX Screener.

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Canadian Bitcoin miner Bitfarms has finalized the acquisition of Stronghold Digital Mining, marking the largest-ever merger between two publicly listed Bitcoin mining companies.

According to a press release published on March 17, Bitfarms has completed the all-stock acquisition of Stronghold Digital Mining. The merger was approved on Feb. 28, with 99.6% of votes cast voting in favor, representing about 54.5% of Stronghold’s outstanding shares.

Bitfarms acquired Stronghold through a stock-for-stock merger, with Stronghold shareholders receiving 2.52 Bitfarms shares for each Stronghold share they owned. Nearly 60 million Bitfarms shares and over 10.5 million warrants were issued as part of the deal. Stronghold’s stock was removed from Nasdaq and stopped trading.

Bitfarms’ stock opened higher Monday morning but lost any buying momentum and was trading lower by around 1% during the early afternoon session.

Details of the acquisition

With Stronghold now fully integrated into Bitfarms, the mining giant has expanded its energy capacity to 623 megawatts — including existing power generation and grid import capacity in Pennsylvania.

Additionally, Bitfarms now manages nearly 1 more Exahash of computing power, bringing its total to 18 Exahash. A previous agreement where Stronghold hosted miners for others is now being used for Bitfarms’ direct mining operations.

Bitfarms also sees potential to convert two Stronghold power sites into large-scale AI and computing hubs, with plans to partner with industry players to develop these facilities.

“With Stronghold’s portfolio of power assets, combined with our operational expertise and balance sheet strength, we are well positioned to create long-term value for our shareholders by executing on our US strategy and developing an HPC/AI business geared for scale, ” said Ben Gagnon, Chief Executive Officer of Bitfarms.

In addition to increasing its power assets, the acquisition has boosted Bitfarms’ share of the North American energy market from 6% to 80%.

A whale that has been dormant for 1.5 years has deposited 300 BTC to crypto brokerage FalconX alongside 1,050 BTC to two other wallets.

According to data on SpotOnChain, an anonymous whale with $85.7 million in Bitcoin (BTC) holdings just sent 300 BTC through digital asset broker FalconX. At current market prices, the transaction is worth around $25.1 million in BTC.

In addition to FalconX, the whale also sent 1,050 BTC, equal to around $87.2 million, to two fairly new wallets. At press time, the address still holds around $12.55 million worth of Bitcoin, or equal to 150,000 BTC.

The last transaction recorded on-chain from the whale occurred on Aug. 18, 2023 when it received 1,500 BTC from market marker Cumberland at a price of $26,353, worth $39.5 million at the time. This means that the address has been dormant for nearly two years.

According to data from crypto.news, Bitcoin has gone down by 0.44%. BTC is currently trading hands at $83,613. Bitcoin has been on a turbulent path in the past month, going down by more than 14%.

In the past day, Bitcoin reached a peak price of $84,693 before falling further to a $82,061 low and maintaining its value at around $83,000. In fact, BTC’s dive to the $84,000 threshold fills the CME price gap, which sets the stage for another potential price climb.