On November 27, according to Bloomberg, Terraform Labs Pte. co-founder Do Kwon stated that his sentence in the United States for his involvement in the $40 billion TerraUSD stablecoin collapse fraud case in 2022 should not exceed five years. Kwon pleaded guilty to conspiracy and wire fraud charges in August, thereby avoiding a trial. He was previously arrested in Montenegro and convicted for using a fake passport as a fugitive wanted by South Korea, and was subsequently extradited to the United States.
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Do Kwon: Sentences for involvement in the TerraUSD stablecoin collapse fraud should not exceed five years.
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Circle minted 500 million USDC on the Solana network.
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according to Bloomberg, as major global banks deepen their involvement in the cryptocurrency asset class, JPMorgan Chase is considering offering cryptocurrency trading services to its institutional clients. A knowledgeable source revealed that JPMorgan is evaluating what products and services its market division can offer to expand its business in the cryptocurrency field. The source stated that these products and services may include spot and derivatives trading. -
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CryptoQuant published an analysis stating that the Bitcoin market continues to be in a bear market state, with multiple network indicators showing a significant cooling of activity. Data shows that the 30-day moving average of Bitcoin is below the 365-day moving average (-0.52%), and the bull-bear cycle indicator confirms the current bear market pattern. The number of network transactions has dropped from about 460,000 to about 438,000, fees have decreased from $233,000 to $230,000, and highly active addresses have reduced from 43.3K to 41.5K, all indicating reduced speculative activity and that the market is in a defensive phase. -
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F2Pool co-founder: Last year, 500 bitcoins were transferred in to confirm whether the private key had been leaked; hackers took 490 bitcoins.
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