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Do Kwon, founder of Terra-Luna, should serve 12 years for crypto fraud, US prosecutors say

US federal prosecutors are seeking a 12-year prison sentence for Do Kwon, the founder of Terraform Labs, the company behind the algorithmic stablecoin UST that spectacularly imploded more than three years ago. The request, filed Thursday with the Southern District of New York judge, comes after Kwon pleaded guilty earlier this year. He admitted to

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HBAR Falls Alongside Broad Crypto Market Amid Surging Volumes

HBAR fell 2.2% during Thursday’s session as technical selling overwhelmed speculation in emerging ETFs. The token decisively moved below the $0.1380 support on volume that peaked 47% above the daily average of 35.5 million tokens. The outage accelerated around 09:00 GMT when 52.21 million tokens changed hands. The bears pushed prices towards session lows near

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New IMF Report on Stablecoin Risk Sparks Outrage Among Crypto Experts

Amid growing international attention to stablecoins, the International Monetary Fund (IMF) has released a 56-page report detailing what it sees as the main risks of their adoption. The report draws parallels with claims by many other central banks and international financial organizations regarding the threat that stablecoins pose to government monetary control, ultimately making the

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MARA ‘discount’ is a myth once debt is included, warns VanEck’s Sigel

The two largest publicly traded companies holding bitcoin, Strategy (MSTR) and MARA Holdings (MARA), are each down about 40% over the past six weeks. CoinDesk Research has covered the MSTR correction extensively, but MARA, which is down 55% year-over-year, is also drawing attention because some investors view it as inexpensive at current levels. Matthew Sigel,

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Turkish crypto exchange Paribu buys CoinMENA for up to $240 million

Paribu, one of Turkey’s largest digital assets platforms, has acquired crypto exchange CoinMENA for up to $240 million, marking the country’s largest fintech acquisition and its first cross-border crypto deal, the company announced on Friday. CoinMENA, based in Bahrain and operating with licenses in Bahrain and Dubai, is one of the leading local exchanges in

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Uniswap’s Lindsay Fraser to Lead Policy Shop at Blockchain Association

The Blockchain Association has hired Lindsay Fraser of Uniswap Labs to lead its policy operations as the crypto industry pushes for near-term action from the US Congress on a bill aimed at setting the regulatory playing field for digital asset markets. Fraser, who worked on policy issues for Uniswap as the industry grappled with how

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Aptos (APT) Falls 6% to $1.85 as Technical Outage Accelerates

APTE$1.8315 weakened sharply during Friday’s session, falling 6% to $1.85 as technical selling overwhelmed buyers. The token lagged the broader crypto market, with the CoinDesk 20 Index down 2.5% at press time. Trading volume remained subdued at just 10.8% of the 30-day average, suggesting that APT’s decline lacks broad participation, according to CoinDesk Research’s technical

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