Carl Rinsch, director of "47 Ronin," has been indicted by U.S. prosecutors for defrauding Netflix, allegedly misappropriating approximately $11 million in production funds for cryptocurrency speculation and luxury spending. Prosecutor documents show that Rinsch was commissioned by Netflix in 2018 to produce the science fiction series "Conquer" (originally titled "White Horse"). Between 2018 and 2020, Netflix paid his production company approximately $44 million in production fees. In 2020, Rinsch requested an additional $11 million from Netflix, citing insufficient project funding, but this money was not used for filming. Prosecutors allege that Rinsch transferred this additional funding through multiple bank accounts, ultimately concentrating it in a personal securities account for investment, losing more than half of the funds within two months. He then began speculating in cryptocurrencies and used the remaining funds to purchase luxury goods and pay for personal expenses. According to the indictment, Carl Rinsch will be sentenced on April 17, 2026, on charges including wire fraud, money laundering, and multiple counts of using proceeds of crime, which could carry a maximum sentence of 90 years in prison.

Bitcoin whale offloaded 2000 BTC worth $180. 3 million as unrealized losses hit $85 billion. source: https://ambcrypto.com/85b-in-bitcoin-losses-pile-up-can-btc-reclaim-94k/

null source: https://x.com/CoinMarketCap/status/1999434102165111280

Over $4. 3 billion in Bitcoin and Ethereum options will expire today, December 12. BTC trades above $92,300, with a maximum pain level at around $90,000. Data shows balanced calls and puts, signaling a cautious stance among traders source: https://coinjournal.net/news/crypto-overview-markets-calm-as-4-3b-in-btc-and-eth-options-expire/

Rosen Law Firm investigates Balancer (BAL) investors for a potential class action after a $128 million hack, offering recovery under a contingency fee arrangement. source: https://catenaa.com/markets/cryptocurrencies/rosen-law-firm-launches-securities-class-action-inquiry-for-balancer-investors/

“47 Ronin” director Carl Rinsch faces a maximum prison sentence of up to 90 years, having been found guilty on seven separate charges. source: https://decrypt.co/352128/hollywood-director-guilty-of-scamming-netflix-out-of-11m-spending-it-on-crypto

JP Morgan, the global investment bank, has issued a 50 million dollar commercial paper for Galaxy Digital Holdings on the Solana blockchain. The article JP Morgan tokenizes 50 million dollar bond on the Solana blockchain was first published on Crypto Valley Journal. source: https://cryptovalleyjournal.com/focus/blockchain/jp-morgan-tokenizes-50-million-dollar-bond-on-solana-blockchain/?utm_campaign=rss_reader&utm_medium=rss&utm_source=feed_source&utm_content=JP+Morgan+tokenizes+50+million+dollar+bond+on+the+Solana+blockchain

null source: https://x.com/DaanCrypto/status/1999433742436454430

According to BlockBeats, data from Coinglass indicates that the funding rates on major centralized and decentralized exchanges have shifted from bearish to neutral. The specific funding rates for mainstream cryptocurrencies are detailed in the accompanying chart. Funding rates are fees set by cryptocurrency trading platforms to maintain balance between contract prices and the prices of underlying assets, typically applied to perpetual contracts. This mechanism facilitates the exchange of funds between long and short traders, without the platform charging this fee. It adjusts the cost or profit of holding contracts to keep contract prices close to the asset prices. A funding rate of 0.01% signifies a baseline rate. When the rate exceeds 0.01%, it suggests a generally bullish market sentiment. Conversely, a rate below 0.005% indicates a bearish market sentiment.

Firedancer launched its full version on the Solana main net. The new validator client arrived after three years in development by the Jump Crypto team. source: https://www.cryptopolitan.com/firedancer-upgrade-on-solana-main-net/

Coinbase-incubated open-source payment protocol x402 has released version 2. This is the first major version iteration since its mainnet launch in May 2025.

The Bolivian government has announced a major policy—integrating stablecoins into its formal financial system, allowing them to be used "as a legal tender."

Binance, cryptocurrency, Hash Global founder KK discusses BNB digital asset allocation and Web3 development stage. Golden Finance reports, "In the future, all assets will be issued and traded on-chain."

x402 Protocol, AI Agent, Payment: Let's talk about the x402 V2 upgrade and share some key points. Golden Finance shares several key aspects of the x402 protocol V2 upgrade.

What are the implications of the frequent regulatory actions taken by the US SEC and OCC? This article from Jinse Finance focuses on the recent regulatory actions of the US SEC and OCC.

Coinbase has released version 2 of the x402 protocol. This version optimizes upon version 1, expanding from a single-call payment to a unified internet payment layer.

Fintech 3.0 will coexist with traditional finance for many years, but its development direction is already clear. Stablecoin infrastructure is expected to become a core component of global finance.

The implementation of CARF is expected to further enhance the tax transparency of Hong Kong's cryptocurrency market, impacting trading platforms, custodians, individual investors, and traditional financial intermediaries.

The U.S. Depository Trust and Clearing Corporation (DTCC) received a "no action" letter from the SEC, authorizing it to launch a new service for tokenizing custodial assets such as stocks and bonds to accelerate the adoption of digital assets.

Farcaster, a star project that raised $180 million and was valued at nearly $1 billion, announced a strategic shift. What lessons can we learn from this?