Jesse – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Wed, 23 Jul 2025 08:04:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Jesse – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Feds Drop Case Against Kraken Co-Founder Jesse Powell https://earlybirdsinvest.com/feds-drop-case-against-kraken-co-founder-jesse-powell/ https://earlybirdsinvest.com/feds-drop-case-against-kraken-co-founder-jesse-powell/#respond Wed, 23 Jul 2025 08:04:58 +0000 https://earlybirdsinvest.com/feds-drop-case-against-kraken-co-founder-jesse-powell/

US authorities have officially closed their investigation into Jesse Powell, the co-founder of Kraken



$540.93M

, and have returned the electronic devices they seized during a 2023 search of his home in Los Angeles.

The decision, reported by Fortune on July 22, ends a case that had no direct connection to Powell’s work at Kraken or the crypto industry.

Powell shared the news in a post on X, “Very glad to have this behind me”, while also thanking those who supported him through the process and his legal team for their work. He added, “Wild how quickly you can have your life upended”.

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The case stemmed from accusations that Powell interfered with the Verge Center for the Arts, a nonprofit he helped establish in 2008.

According to reports, he was accused of blocking access to email accounts and tampering with the group’s computer systems. The New York Times revealed in 2023 that FBI agents had searched his home as part of this inquiry.

In response to the accusations, Powell denied any wrongdoing and later filed a civil case against some of the group’s board members. He claimed they had misrepresented what happened.

The Department of Justice and the FBI did not provide an explanation for why the investigation was dropped. However, Powell compared it to another high-profile case. He said in a post on X, “It never made sense, but neither does the Roman Storm trial”.

Recently, lawyers for Roman Storm told a judge they may request to cancel the trial. What did Storm’s lawyer, David Patton, say? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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FBI drops probe into Kraken founder Jesse Powell, returns seized devices https://earlybirdsinvest.com/fbi-drops-probe-into-kraken-founder-jesse-powell-returns-seized-devices/ https://earlybirdsinvest.com/fbi-drops-probe-into-kraken-founder-jesse-powell-returns-seized-devices/#respond Tue, 22 Jul 2025 18:42:06 +0000 https://earlybirdsinvest.com/fbi-drops-probe-into-kraken-founder-jesse-powell-returns-seized-devices/

The US Justice Department has closed its investigation into Kraken’s founder Jesse Powell, and returned dozens of laptops and mobile phones agents seized during an FBI raid two years ago, Fortune reported on July 22.

The federal case did not revolve around Kraken’s operations, but rather a bitter governance fight at the Verge Center for the Arts, a Sacramento nonprofit Powell founded in 2008.

News of the raid first surfaced in The New York Times, which reported that agents were probing allegations Powell had “hacked and cyber-stalked” the nonprofit.

Court filings since then depict something far less cinematic: a dispute over who controlled Slack and Google Workspace accounts after Powell was pushed off Verge’s board. 

Powell insisted he never cut off anyone’s access and argues instead that Verge insiders quietly created a new domain and parallel work accounts before moving to oust him. 

He is pursuing a civil lawsuit in state court, accusing former colleagues of defamation and wrongful removal.

Justice Department drops the case

Documents Powell filed this week include a so-called declination letter from prosecutors, confirming the Justice Department has walked away from the case.

His attorney said he requested the letter to counter the reputational damage caused by the raid and to reassure banks and regulators that Kraken’s leadership is not under federal scrutiny. 

Powell called the search “devastating” personally and professionally, maintaining that discovery in his lawsuit has already shown the accusations to be baseless.

The government’s exit does not resolve lingering questions. Neither the Justice Department nor the FBI would comment on how the Times obtained details of the investigation.

Powell’s latest filings also accuse two Verge board members, one of them attorney Phil Cunningham, of withholding key documents during discovery. 

Verge, meanwhile, continues to operate as a fixture of Sacramento’s arts scene, supported over the years by more than $1 million in donations and extensive tech assistance from Powell. 

Notably, Powell declined to say whether the returned devices held Bitcoin or other digital assets. When agents seized the hardware, Bitcoin (BTC) traded near $23,000. As of press time, BTC trades near $119,000.

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Jesse Watters and Ben Shapiro don’t know that Superman has been a socialist since 1938. https://earlybirdsinvest.com/jesse-watters-and-ben-shapiro-dont-know-that-superman-has-been-a-socialist-since-1938/ https://earlybirdsinvest.com/jesse-watters-and-ben-shapiro-dont-know-that-superman-has-been-a-socialist-since-1938/#respond Mon, 21 Jul 2025 01:18:53 +0000 https://earlybirdsinvest.com/jesse-watters-and-ben-shapiro-dont-know-that-superman-has-been-a-socialist-since-1938/

In a recent interview with The Times, Superman director James Gunn said that his new blockbuster tells the story of “an immigrant.” He also explained it was a story about “basic human kindness.” But that first comment — about Superman’s foreign origins — is the one that set off some pundits on the right.

Fox News commentator Jesse Watters joked on air: “You know what it says on his cape? MS-13.” Ben Shapiro blasted Gunn and the Hollywood left for being out of touch with everyday American audiences: “The reality [is] that Hollywood is so far to the left that they cannot take a core piece of Americana and just say it’s about America.”

But, Grant Morrison — author of the seminal comic book series All-Star Superman — said the conservative backlash ignores the leftist origins of the world’s most famous superhero.

Not only was Superman created by the sons of Jewish immigrants, but those very first comics portrayed their character as a “socialist figure.”

In one comic published in 1939, Superman is seen shielding young thieves from police because he figured the kids were victims of poverty, then tearing down slums and forcing authorities to build low-rent housing. Before becoming the “Man of Steel,” Superman was “The Champion of the Oppressed.”

Gunn has said that All-Star Superman was a big influence on his new film. Morrison sat down with Today, Explained host Sean Rameswaram to talk about where Superman came from, how the character has evolved, and why he will endure.

Below is an excerpt of their conversation, edited for length and clarity. There’s much more in the full podcast, so listen to Today, Explained wherever you get podcasts, including Apple Podcasts, Pandora, and Spotify.

How did you get into Superman? What did this character mean to you?

I grew up on the west coast of Scotland next to an American naval and nuclear base. My parents were anti-nuclear activists. My father was a World War II soldier who became a peacenik. So, my big fear in the world was the atom bomb, and I associated it with the Americans, but the Americans also brought the comics.

Then I discovered Superman. And although I knew no real Superman was coming to save me from an actual atom bomb, metaphorically he really solved a lot of problems for my head when I was a little kid.

Those are the primal roots for me, and they’re quite deep. So yeah, getting a chance to do that character, sitting here overlooking that same stretch of water where we did the protests…To write All-Star Superman kind of defies the forces of entropy. If anything survives in my career, it will be that one book.

Who was the Superman that you created in that series?

We went for an older Superman. The basic idea was: What if Superman was dying and he had a year to live? Basically, it’s a part of Lex Luthor’s scheme to send Superman to the sun, and the solar radiation overcharges Superman’s cells, so they begin to decay and die. Basically, Superman’s dying of cancer. What would this man do in the last 12 months of his life to leave the Earth a better place than he found it?

Were you surprised to find out that James Gunn wanted to relaunch this character and relaunch an entire cinematic universe with your story about a dying Superman?

James didn’t necessarily take the dying part. His is a younger Superman. But I think he certainly took the character as we decided to define it, and he saw something that he could work with. Instead of Superman having flaws, let’s present a fictional character who doesn’t have flaws. You know, he has problems of his own. He still can’t get the girl. He still works for a boss in an office, but he’s Superman. He’s a kind of everyman whose life happens at a much higher scale. He’s got an unruly dog, but his unruly dog can laser his own dinner and cook a steak. His unruly dog can fly through buildings, but he’s still dealing with an unruly dog.

In previous attempts people have asked: What would Superman be like if he was in the real world? Which to me is an absurd question. The only existence Superman has in the real world is as a comic book or movie character, and that’s where he is most useful and most functional, as far as I’m concerned. He’s a metaphor. He is an allegory. He stands for everything that is good in us.

It sounds like there have been at least some iterations of this character throughout his near-century of existence — from your dying version to this ideal version, to this all-powerful version. But I believe Superman even started as a bit of a tough guy, a headbasher, and maybe even a left-wing revolutionary. Can you tell us about the non-Kryptonian origins of this character, and how he came to be on Earth?

Well, he arrived in Cleveland, Ohio. He was created by two teenagers, Jerry Siegel and Joe Shuster, who’d met at school. Jerry was the writer and Joe was the artist. They wanted to work for newspapers. Newspaper syndication was the place to go for cartoons back then. They were working on this notion called “The Superman.” The original version was an evil bald guy who eventually became Lex Luthor in the Superman story. But after a few tries, they hit on this fabulous notion of: Let’s give him a wrestling costume with a cape so that we can track his movement across the panels, and make him very colorful so that he’s memorable.

The greatest addition to the design was to put his monogram on his chest so that the character’s entire identity was summed up in this very simple advertising motif that people can remember and people can also wear and partake in being Superman. It was created by two young kids who were the sons of immigrants — European immigrants, Jewish boys — and this was their vision.

Superman was a do-gooder. He was here to help people. He’d come from a distant world, but thought the only use for power and strength was to help the downtrodden and the oppressed. Early issues of Action Comics depict a Superman who’s very much an outlaw. He goes after corrupt union bosses. He goes after mine owners. He goes after politicians who are corrupt.

Superman later was seen as a messianic figure of hope, which I don’t really like, because I think he’s a fighter, he’s a scrapper. He gets into fights on behalf of the little guy. He gets bloodied up and he gets up again. You shoot him [with] a tank shell, and he gets up again.

Through the years, that changed quite radically. The socialist figure of the early years hit 1942 and suddenly it was war, and Superman became incredibly patriotic, and that’s where the “Truth, justice, and the American way” thing first appears.

Then, in the 1950s, Superman changes again completely. You’re dealing with guys coming home from the war, domestication, and living in suburbia. So Superman becomes a family drama, but on a titanic scale. He has friends from the future who visit and cause trouble. He has a cousin who survived the destruction of Krypton, he has a dog, and he has a monkey. So Superman then, to me, was probably at his peak, but he was representative of post-war masculinity trying to adjust to a world of relatives and not being married. Those stories were obsessed with the relationship with Lois [Lane].

In the 1960s, he becomes a cosmic seeker. He almost goes back to his roots, and we have stories where he is fighting for Native American land rights, he’s up against polluters, and very much back to the activist Superman. And so it goes. In the 1980s, he’s a yuppie. In the 1990s, they kill him in order to make it interesting, then bring it back as a soap opera set around the fictional newspaper, the Daily Planet. And into the 2000s, you get the work that I did.

It’s funny to hear you lay out this history in which Superman at one point is something of a socialist warrior, because all of these pundits who are mad about James Gunn saying that Superman’s an immigrant, if they really knew the history here, there’s so much more they could be mad about.

Absolutely. As you say, if anyone had bothered to look at the history of Superman, they’d see that he was always an immigrant created by immigrants. He represented that experience, but he was assimilated. I mean, he was an American. He’d been raised by American parents. So that was very important as well. And I think the combination of these two qualities is what maybe drives people mad, because they want it to be either one thing or another, but Superman’s trying to embody everyone.

It’s funny, a thing that we talk about the first half of the show is that depending on how tuned into the news you are, you can see a lot of what’s going on in the world today in this movie. But of course, this movie wasn’t made this week. It was made a year ago.
Yeah.
The meetings about this movie probably started five years ago. Do you think there’s something about the nature of Superman that makes him timeless?

I definitely believe that. I mean, we are talking about the history of Superman, which goes back to 1938. Superman has outlived his creators. He’s also outlived the people who took over from his creators, and the next generation of the people who took over from his creators.

Superman is more real than I am. He’s more real than most of us. He will outlive us all, and he’ll still have meaning to people in the future. People have even forgotten that his look was based on early 20th-century circus strongmen and wrestling outfits. So now it’s the template for the ideal superhero. And because he was the first, he’s got the best name, the most primal name. I absolutely think Superman will persist beyond even the next few generations. As long as the world stays together and there’s such a thing as culture, I think there’ll still be a Superman.

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Base creator Jesse Pollak apologizes for sharing provocative GIF after latest backlash https://earlybirdsinvest.com/base-creator-jesse-pollak-apologizes-for-sharing-provocative-gif-after-latest-backlash/ https://earlybirdsinvest.com/base-creator-jesse-pollak-apologizes-for-sharing-provocative-gif-after-latest-backlash/#respond Sun, 20 Apr 2025 00:45:57 +0000 https://earlybirdsinvest.com/base-creator-jesse-pollak-apologizes-for-sharing-provocative-gif-after-latest-backlash/

Jesse Pollak, the creator of Coinbase-backed Base, an Ethereum layer 2 network, conceded he made a “mistake” by sharing a GIF containing controversial words in an X post.

Pollak had shared a GIF that played on the tagline of Base: Base is for everyone. It featured a rotating sequence of terms under the phrase “Base is for…” Some of these terms were neutral, like “art,” “minting,” and “great ideas.” However, the sequence also contained controversial terms like “pimping” and “squirting.”

Pollak clarified that he or the Base marketing team was not involved in the creation of the GIF. He explained that it was developed by a creator he “wanted to support.” But he admitted that it was a wrong move, especially highlighting the phrase “Base is for pimping”:

“… I’ll own this was a mistake and apologize. I’m sorry… the messages I share matter, especially when they look and feel like a direct message from me.”

Apology follows strong community backlash

Pollak continued to promote the creator of the GIF after publishing it. In an X post, he wrote: “buy the coin from @Wizard_Kin.” The GIF creator goes by Wizard_Kin on X.

Pollak reposted the above message in various endorsement messages in response to users. When an X user shared a snapshot of “Base is for squirting,” Pollak replied, “seems provocative – let the artists cook.” He then proceeded to endorse the GIF creator, asking the user to “support the artist.”

In another post, he wrote “art is provocative” and attached his previous post endorsing Wizard_Kin.

However, strong criticisms started to surface quickly. Many X users, including those in the crypto community, found the GIF to be vulgar, offensive, and inappropriate. Crypto commentator David Z. Morris wrote in an X post:

“the specific allusion to sex trafficking (not “sex work,” pimping is pretty fundamentally exploitation) is specifically bad for a sector that needs to advance the narrative that open finance is a net social positive.”

Morris added that the allusion “doesn’t just hurt Base, it hurts crypto.”

The pseudonymous founder of Kanto Labs, AshRobin, called the incident “an absolute PR nightmare.” Crypto commentator Kristel noted that the controversial GIF portraying offensive words “isn’t provocative and ‘edgy’” but “stupid.”

Apology evokes a mixed response

Pollak’s apology evoked a mix of responses from the community. Some praised Pollak for his honesty and transparency.

“Love the honesty. We all make mistakes, but it’s about how we grow from them,” crypto commentator Zuri wrote in an X post. Bankless co-founder David Hoffman responded to Pollak’s apology with: “I respect the leadership here.”

However, some crypto community members suggested that there was no need for Pollak to apologize. Milk Road co-founder Kyle Reidhead, for instance, said: “Do and share whatever you want without apology.”

Second controversy in a week

The GIF was the second controversy surrounding Base and Pollak in a week. The previous controversy started with Base sharing a tokenized version of its “Base is for Everyone” post on Zora via X. Zora is a decentralized content-sharing platform that automatically tokenizes all posted content.

Zora clearly stated in a disclaimer that the Base is for Everyone token is not associated with either Base or Coinbase. It also warned investors not to expect returns.

Despite the warnings, investors started trading the token, causing its market cap to soar to $17 million an hour after launch. In less than half an hour, however, the market cap crashed by around 95% to $1.9 million, according to data from DEX Screener. Multiple analysts and users then claimed there were signs of market manipulation and accused Base of doing a rug pull.

Base has earned over $94,000 from the tokenized post on Zora. Previously, Base said that it does not intend to ever sell these tokens. Pollak claimed that Base is for Everyone is not a memecoin but a ‘Content Coin.’ Many, however, were not convinced and believed the token to be a memecoin with no purpose.

In his latest apology post, Pollak continued to defend the concept of content coins. He elaborated that Base has started coining its content on Zora as a way to expand the use-cases of tokens. He added that coining content was a “powerful tool” to pave the path for creators to “earn from their creativity.”

Pollak said that he expected the pushback from the community since Base is trying to shake up the status quo, adding:

“I can’t predict the future, but I hope that we’ll continue to see folks look at the technology with clear eyes and see how we can use it to bring more people onchain.”

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