Social media stars that have endorsed cryptocurrencies or exchanges include TikTok dancer Charli D’Amelio and YouTubers Jake Paul and MrBeast. (Insider)

Talking point: The cryptocurrency market is experiencing a downturn right now, but the sector is still worth big money, with stories of people like “Dogecoin millionaire” Glauber Contessoto—who turned an investment into a fortune over the course of a couple of months—leading others to wonder if they could do the same. Add the finding from a Bank of Canada study that people with low financial literacy are more likely to invest in cryptocurrencies, and you have a situation ripe for market manipulation. Celebrities have faced class-action lawsuits over involvement in alleged crypto pump-and-dump schemes in the past. In Canada, influencers are supposed to disclose any payments they’ve received for endorsements, with the British Columbia Securities Commission recently proposing that newsletters, financial blogs and other communications disclose compensation, as well.