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Terraform Labs co-founder Do Kwon was sentenced to 15 years in federal prison on Thursday for orchestrating a $40 billion cryptocurrency fraudâa sentence notably lighter than the 25 years handed to FTX founder Sam Bankman-Fried (SBF) last year, despite Kwonâs fraud causing nearly four times the finaâŚ
Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison after pleading guilty to wire fraud and conspiracy to defraud.In a Thursday hearing in the US District Court for the Southern District of New York, Judge Paul Engelmayer ordered that Kwon serve 15 years in prison forâŚ
Bitcoin (BTC) may be holding above $90,000, but data implied that its price is still flashing a significant risk-off signal. CryptoQuantâs multi-metric risk-off oscillator remained near the âHigh-Riskâ zone, a level that historically precedes corrections and diminishes the probability of a sustainedâŚ
The crypto lending market has become more transparent than ever â led by the likes of Tether, Nexo and Galaxy â and has just hit an aggregate loan book of nearly $25 billion outstanding in the third quarter. The size of the crypto lending market has increased by more than 200% since the beginning ofâŚ
A company with ties to the defunct cryptocurrency exchange FTX is being acquired by Robinhood Markets and Susquehanna International Group as part of a push into prediction markets.According to a Reuters report on Tuesday, Robinhood and Susquehanna will acquire a 90% stake in LedgerX, one of the few âŚ
Danielle Sassoon, one of the US attorneys behind the prosecution of former FTX CEO Sam âSBFâ Bankman-Fried, took the stand in an evidentiary hearing involving a deal with one of the companyâs executives. In a Thursday hearing in the US District Court for the Southern District of New York, Sassoon teâŚ
Bitcoin is holding a fragile zone around the low-$90,000s as retail capitulation, heavy ETF outflows, and rising downside hedging pressure continue to define market structure into the end of the year, according to analyst notes shared with The Block.The largest cryptocurrency traded flat above $91,3âŚ
Arguments made by former FTX CEO Sam Bankman-Fried's lawyer in a bid to get a new trial may not have been all that convincing, said former federal prosecutor Samson Enzer.On Tuesday, in front of the U.S. Court of Appeals for the Second Circuit, Bankman-Fried's lawyer, Alexandra Shapiro, argued that âŚ
Key takeaways:A sharp Bitcoin decline often triggers systemic contagion, driving altcoins lower through both liquidity and confidence channels.During crises, the market tends to view crypto as a single risk asset rather than valuing individual utility, as seen in the high BTC-ETH and BTC-XRP correlaâŚ
Former FTX US President Brett Harrison is launching a new venture that brings one of cryptoâs most popular â and controversial â trading instruments into traditional finance.His startup, Architect Financial Technologies, has received approval in Bermuda to offer perpetual futures contracts tied to tâŚ
In a remarkable milestone for Solana, asset manager Bitwise's BSOL has launched as the first ETP in the U.S. with 100% direct exposure to SOL.Bitwise has announced the launch of the Bitwise Solana Staking ETF (NYSE: BSOL), the first ETP in the U.S. to have 100% direct exposure to SOL, and one of theâŚ
President Donald Trump pardoned Changpeng Zhao, the convicted founder of crypto exchange Binance, on Wednesday following months of efforts by Zhao to boost the Trump familyâs crypto company, according to people familiar with the matter cited by . Trump recently told advisers he was sympathetic to arâŚ