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NEW YORK — Terraform Labs co-founder Do Kwon was sentenced to 15 years in prison on Wednesday for his role in a massive fraud that saw roughly $50 billion wiped from the crypto ecosystem over the course of just three days in May 2022.The sentence, handed down by District Judge Paul Engelmeyer of the Southern District of New York (SDNY), is slightly more than the 12-year sentence requested by prosecutors and much greater than the five-year sentence suggested by Kwon’s lawyers. Kwon must serve at least half of this sentence before he can apply for a transfer to South Korea,…

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 for his role in the collapse of Terraform, which wiped out about $40 billion from the crypto market in 2022. He will receive credit for time served in the US and 17 months of pre-extradition custody.Prior to making his decision on sentencing, Engelmayer heard from some of Terraform’s victims…

The BNB Chain ecosystem has experienced a dynamic week with significant developments and key metrics that highlight its ongoing growth. According to the latest weekly report from BNB Chain, the blockchain continues to expand its reach and influence across various sectors, including DeFi, AI, and payments. Key Data Highlights The report presents detailed insights into the BNB Chain’s performance for the week of November 27 to December 3. The BSC network recorded an average of 2,809,040 daily active users, while the opBNB network had 2,012,148 users. Furthermore, the total transactions for BSC amounted to 101,915,498, and opBNB saw 25,432,451 transactions.…

The U.S. Federal Reserve delivered a widely expected 25 basis point rate cut on Wednesday, lowering the range on its benchmark fed funds rate by 25 basis points to 3.50% to 3.75%. This marks the third straight quarter point reduction and brings short-term borrowing costs to their lowest level since 2022.”Uncertainty about the economic outlook remains elevated,” said the Fed in its policy statement. “The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment rose in recent months.”The Fed in its statement also noted that reserve balances had declined…

Strategy, the largest Bitcoin treasury company, submitted feedback to index company MSCI on Wednesday about the proposed policy change that would exclude digital asset treasury companies holding 50% or more in crypto on their balance sheets from stock market index inclusion.Digital asset treasury companies are operating companies that can actively adjust their businesses, according to the letter, which cited Strategy’s Bitcoin-backed credit instruments as an example.The proposed policy change would bias the MSCI against crypto as an asset class, instead of the index company acting as a neutral arbiter, the letter said. The first page of Strategy’s letter to the…

SHIB Price Prediction: Technical Analysis Points to December Rally Potential Shiba Inu has been consolidating in a neutral technical zone, but recent analyst predictions and emerging momentum indicators suggest a potential breakout could materialize before year-end. Our comprehensive SHIB price prediction analysis indicates multiple scenarios for the popular meme coin as we approach the final weeks of 2025. SHIB Price Prediction Summary • SHIB short-term target (1 week): $0.000009-$0.0000095 (+5-10%) • Shiba Inu medium-term forecast (1 month): $0.0000085-$0.000010 range• Key level to break for bullish continuation: $0.0000095 • Critical support if bearish: $0.0000075 Recent Shiba Inu Price Predictions from Analysts…

Tempo, a payments-focused blockchain backed by Stripe and crypto investment firm Paradigm, has launched its public testnet, a key step in its effort in making stablecoin payments for mainstream use.Tempo has also unveiled a roster of new additions to the network’s partner group, including buy-now-pay-later firm Klarna, predictions market Kalshi, payments giant Mastercard and Swiss global bank UBS. They join a group of earlier design partners such as Deutsche Bank, Visa, Shopify, OpenAI and Nubank.Initially introduced in September, Tempo is designed to handle high-volume financial transactions with low fees, instant finality and native support for stablecoins. With the testnet now…

The eldest son of Malaysia’s billionaire king is launching a stablecoin pegged to the national currency, targeting payments across the Asia-Pacific region.Bullish Aim, a telecom company owned by Ismail Ibrahim, the son of Sultan Ibrahim Iskandar of the Johor royal family, on Tuesday announced the launch of RMJDT, a new stablecoin backed by the Malaysian ringgit, the country’s fiat currency.The stablecoin is set to be issued on Zetrix, a layer-1 blockchain designed to connect governments, businesses and individuals to the Web3 economy with a focus on cross-border integration, particularly in China.In addition to launching the stablecoin, Bullish Aim will also…

Avalanche (AVAX) is trading at a critical juncture as December 2025 unfolds, with the token consolidating around $13.54 amid mixed technical signals. Despite recent weakness that has pushed AVAX down 61.52% from its 52-week high of $35.19, emerging bullish momentum indicators suggest a potential recovery phase ahead. AVAX Price Prediction Summary • AVAX short-term target (1 week): $15.27 (+12.8% from current levels) • Avalanche medium-term forecast (1 month): $16.00-$19.00 range (+18% to +40%) • Key level to break for bullish continuation: $15.27 immediate resistance • Critical support if bearish: $12.54 (immediate support level) Recent Avalanche Price Predictions from Analysts The…

APT$1.7702 carved out gains during the last 24 hours, climbing 1.8% to $1.76 despite facing headwinds from an approaching token unlock. The altcoin lagged the broader crypto market, signaling selective rotation as traders weighed near-term supply pressures against technical momentum, according to CoinDesk Research’s technical analysis model.The broader market gauge, the CoinDesk 20 index, was 2.8% higher at publication time.Volume patterns told the real story, the model showed.Trading activity jumped 46% above 30-day averages, creating a backdrop of active price discovery rather than thin, directional drift, according to the model.The elevated turnover suggests institutional players are repositioning ahead of the…