Episode 19: Scammed by Mr Beast?! $1.25M Gone + Kanye’s Crypto Collapse

The Social Ledger

This week on The Social Ledger Report, JR is flying solo and diving deep into a packed lineup of stories shaping the digital economy, blockchain adoption, and the darker side of crypto. Plus, big updates are coming for the podcast format itself!

Hosts:

Jesus Burgoa (JR), Founder & CEO of Social Market

LinkedIn: https://www.linkedin.com/in/jesus-rafael-burgoa-b34874170/

X: https://x.com/jesusrburgoa

Website: https://jrburgoa.com/

Find Us:

Spotify: https://open.spotify.com/show/3cfUVNwIm2AXt2oZ0nx2Dv

Apple Podcasts: https://podcasts.apple.com/us/podcast/the-social-ledger/id1803475184

YouTube: https://www.youtube.com/@TheBoostChannel

Website: https://theboost.fm/social-ledger-report/

Episode Highlights

• Podcast Update: Starting September, the show will begin livestreaming so you can watch, chat, and even join the conversation in real time.
• Japan’s Digital Yen: Japan Post Bank launches a $1.3 trillion initiative to introduce a digital yen, enabling tokenized trades and possibly NFT integration through LINE.
• U.S. Commerce on the Blockchain: The Department of Commerce posts GDP data on-chain across nine different blockchains with Chainlink and Polygon helping lead the effort. What does this mean for transparency and gas fees?
• Crypto True Crime: Scammers posing as Mr Beast and Mark Rober trick tech entrepreneur Eric Bergman into losing $1.25M in a fraudulent “Team Water” charity pitch. MrBeast has since placed a $100K bounty on leads to catch the culprits.
• BlockDAG Raises Big: The lesser-known blockchain secures $387M in funding and a whale drops $4.4M of personal funds into the project. Smart move or risky gamble?
• The Yeezy Token Scam: A fake Kanye West-backed token lures investors. While a few traders profit, thousands lose millions. Possible ties emerge to Argentina’s Libra token scandal.

Market Overview

• Traditional Markets:
  • S&P 500: $6,460
  • Dow Jones: $456
  • NASDAQ (QQQ): $570
  • Gold: $3,407
• Crypto Markets:
  • Bitcoin: $109,071 (down from $114K peak)
  • Altcoins showing volatility, with sentiment leaning fearful at 39%.

👉 Subscribe on YouTube or your favorite podcast app. Don’t forget to leave a comment with your thoughts—especially on the new livestream format coming soon!