Floyd Mayweather to pay $614,000 for ICO promotion

The SEC settled charges with two celebrities for failure to disclose promotional fees.
Pro boxer Floyd Mayweather and music producer DJ Khaled jointly will pay out nearly $800,000.

Tanya Abrosimova Independent Analyst

The US Securities and Exchange Commission charged Pro boxer Floyd Mayweather and music producer DJ Khaled for promoting initial coin offering in social media without disclosing the fact that they were paid for that.

"Starts in a few hours. Get yours before they sell out, I got mine," Mayweather wrote in his Twitter; Khaled called the project a game-changer.

According to the settlement, announced on Thursday, Mayweather got $100,000, while Khaled received $50,000 payment from Centra Tech Inc. for pumping the token sales.

Apart from that, Mayweather is accused of failing to disclose $200,000 for promoting other ICO projects on Twitter and Instagram.

The men neither admitted nor denied the charges, but agreed to pay the fines. Mayweather will pay over $600,000 including penalty and interest. Khaled will pay over $150,000.

Earlier this year the SEC warned that some ICOs have features of security sales, carried out without proper registration with the regulator.

Author

Tanya Abrosimova

Independent Analyst

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.