The Daily: Elon Musk's dad seeks to make $200 million from 'Musk It' memecoin, UK gang jailed for crypto extortion and more

In the wake of President Donald Trump and First Lady Melania Trump’s recent official token launches, Elon Musk’s father, Errol Musk, is the latest to jump on the memecoin bandwagon.A UK gang of seven has been jailed after kidnapping, torturing and extorting a vulnerable man for £100,000 ($125,000) in cryptocurrency over several months before a police rescue, according to local media.