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Terraform Labs’ Do Kwon Gets 15 Years in Prison in the US
A US court yesterday (Thursday) sentenced Do Kwon, the co-founder of Terraform Labs, to 15 years in prison after he pleaded guilty to wire fraud and conspiracy to defraud investors. The collapse of Terraform Labs wiped out $40 billion in investors’ money.
Another Crypto Mogul Goes to Prison
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Belarus Just Blocked Major Crypto Exchanges - What Should Brokers Prepare For?
Belarus has begun blocking access to several of the world’s largest cryptocurrency exchanges, including Bybit, OKX, BingX, and Bitget, according to data from BelGIE, the country’s central internet-filtering authority.
The measure, carried out “based on a decision of the Ministry of Information,” disconnects Belarusian users from platforms that have historically served as informal
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Gemini Breaks Into Prediction Markets After 5-Year Wait, Challenging Kalshi and Polymarket
After five years seeking a Commodity Futures Trading Commission (CFTC) license, Gemini can now compete directly with established rivals Kalshi and Polymarket.
Gemini first applied for a Designated Contract Market (DCM) license in March 2020, though the regulator approved it only in December 2025. Gemini’s leadership framed the approval as a benefit of a more supportive political
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Dormant Silk Road-Linked Crypto Wallets Come Back to Life With $3M in Bitcoin Transfers
Hundreds of Bitcoin wallets tied to the defunct Silk Road darknet marketplace have suddenly reactivated, sending about $3.14 million in BTC to a newly created address in their largest move in years.
Blockchain data provider Arkham reports that the transfers came from a cluster of long-dormant wallets and landed in a Bech32 address starting with “bc1q,” whose owner remains
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How Ripple Pulled Off the Year’s Biggest Crypto Raise While XRP Tumbled 40%
Ripple’s recent $500 million share sale attracted top Wall Street investors, but its structure showed just how carefully traditional finance now treads in digital assets.
Citadel Securities, Fortress Investment Group, Marshall Wace, Brevan Howard, Galaxy Digital, and Pantera Capital participated in the November round. The deal valued Ripple at $40 billion, a record for a privately held
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Ondo’s SEC Clearance Comes as European Tokenized Stocks Advance via Bitget
The US Securities and Exchange Commission has closed its investigation into the New York-based tokenization platform Ondo Finance. The probe began in 2023 and ended without any charges.
Separately, Ondo received Liechtenstein approval last month to
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Kraken Links With Avelacom to Speed Up Crypto Trading for Institutions
Kraken has partnered with Avelacom to give institutional clients faster access to its trading systems, aiming to appeal to firms using latency-sensitive strategies in digital asset markets.
The deal connects Avelacom’s network directly to Kraken’s matching engine. The setup allows professional traders to receive market data and execute orders more quickly, enabling strategies such
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Europe Busts EUR 700 Million Crypto Fraud Network that Used Deep Fake Ads
The European authorities have taken down a cryptocurrency fraud and money laundering network that is believed to have laundered over 700 million euros. Multiple European agencies collaborated in the two-phase operation, which led to the arrest of nine individuals.
Taking Down a Vast Fraud Network
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Two CEOs, One Binance: Can Yi He Rise Without Pulling CZ Back Into Power
Binance has named co-founder Yi He as co-chief executive, creating a dual leadership with Richard Teng, the regulator-turned-CEO. The appointment shows that Binance is changing how it distributes authority at the top.
Richard Teng, a former regulator who became CEO in 2023, represents the company’s intended image of compliance, while Yi He — CZ Zhao’s longtime partner and current
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CFTC Opens Futures Market to Spot Crypto Trading in Major Shift
Acting CFTC Chairman Caroline D. Pham announced that listed spot cryptocurrency products will begin trading for the first time on CFTC-registered futures exchanges, marking a major shift in how Americans can access leveraged crypto exposure.
The move aligns with President Donald Trump’s pledge to usher in what the administration calls a “Golden Age of Innovation” and to position the
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Colombia Gets Local Crypto Access Through Kraken Following Its MiCA Approval
Kraken has expanded its services in Colombia with the activation of local payment rails. The move allows clients to deposit Colombian pesos directly using domestic payment methods. Deposits are automatically converted to US dollars at transparent exchange rates, removing the need for international wire transfers.
The company has also extended its services in Europe. Kraken now
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Kraken–Deutsche Börse Pact Targets Unified Trading Across Crypto, Stocks and Futures
Kraken and Deutsche Börse Group have partnered to turn fragmented crypto, FX and derivatives markets into a single, institutional-grade access point.
The deal combines an established exchange operator and a long-running crypto venue in a bid to make trading, settlement and custody feel the same whether the asset is a token, a stock or a futures contract.
The agreement spans
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FX Veteran Ilies Larbi's Crypto Exchange Ouinex to Go Live Today
Ilies Larbi, a long-time FX industry veteran, is set to unveil Ouinex today (Thursday) in a closed-door launch to its community, FinanceMagnates.com has learned. The new crypto exchange aims to merge professional-grade trading infrastructure with a unified venue for both digital assets and traditional markets.
The launch is fully in line with the ongoing trend of
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Binance Junior Puts Crypto in Young Hands, but Keeps the Wallet with Mom and Dad
Binance has launched a new product called Binance Junior. The app is designed for users aged six to 17. It operates under full parental control. The launch triggered debate across social media.
Some users criticized the move. One said Binance was “targeting” children and questioned whether youth-focused marketing had already gone too far. Another joked that children would become “exit
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Retail Investors Tap Trillion-Dollar Reinsurance Markets via Tokenized DeFi Platforms
Tokenized reinsurance has often been described as the next major Real World Asset adoption frontier, and with due reason. As a whole, tokenized reinsurance unlocks an untapped asset class for decentralized finance, offering uncorrelated, premium-based yield at scale.
Historically, the reinsurance industry has operated in an opaque way, with low visibility into contract structures,
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