According to Cointelegraph, Do Kwon, co-founder of Terraform Labs, is set to be sentenced on Thursday after pleading guilty to two felony counts in the United States. A U.S. federal judge is inquiring about Kwon's legal issues in South Korea and Montenegro, where he has faced separate charges. In a recent filing with the U.S. District Court for the Southern District of New York, Judge Paul Engelmayer sought information from Kwon's legal team and U.S. prosecutors regarding the potential sentences Kwon could face in South Korea. Kwon is expected to be extradited to South Korea after serving any prison time in the U.S. He pleaded guilty to wire fraud and conspiracy to defraud in August, with sentencing scheduled for Thursday. Judge Engelmayer also questioned whether Kwon's time in custody in Montenegro, where he served a four-month sentence for using falsified travel documents, would count towards any U.S. sentence. Kwon had resisted extradition to the U.S. for over a year. The judge's inquiries suggest concerns about the possibility of Kwon being released early if extradited to South Korea to serve the remainder of his sentence. Kwon was a significant figure in the crypto industry in 2022 before the Terra ecosystem's collapse, which contributed to a market downturn and substantial investor losses. Defense attorneys have requested a maximum five-year sentence in the U.S., while prosecutors are advocating for at least 12 years. The U.S. government's sentencing recommendation highlighted the extensive losses caused by Kwon, surpassing those attributed to other notable figures in the crypto industry. Kwon's legal team indicated that even if sentenced to time served by Judge Engelmayer, Kwon would likely face pretrial detention in South Korea, where he could be sentenced to up to 40 years. Thursday's hearing may signal the conclusion of Kwon's involvement in the 2022 Terraform collapse. His location during the crypto market downturn remained unknown until his arrest in Montenegro, where he awaited extradition to the U.S. South Korean authorities issued an arrest warrant for Kwon in 2022 but have not detained him since the Terra ecosystem's collapse. They have sought his extradition from Montenegro alongside the U.S., pursuing related cases against other individuals connected to Terraform.

The Terraform Labs co-founder could face up to 40 years in prison in South Korea, but a judge questioned whether the country would ignore his US sentence. source: https://cointelegraph.com/news/judge-do-kwon-south-korea-montenegro-charges-sentencing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Hyperliquid Strategies Inc. , a digital asset treasury company, has announced that its board approved a stock buyback of up to $30 million of the Company’s outstanding common stock, par value $0. 01 per share. The stock repurchase program will be in place for up to 12 months. The company states that repurchases will be made from […] source: https://www.cryptopolitan.com/hyperliquid-strategies-inc-announces-a-30m-stock-buyback-program/

Ripple CEO Brad Garlinghouse hails the success story of XRP ETFs. source: https://www.thestreet.com/crypto/markets/ripple-ceo-celebrates-rare-xrp-win

A surge in interest reshapes forecasting, markets, and onchain experimentation. source: https://solanafloor.com/news/prediction-markets-take-center-stage-at-solana-breakpoint-as-sector-growth-accelerates

BlackRock has taken another decisive step into the crypto market by filing an S-1 registration statement with the U. S. Securities and Exchange Commission for a new product called the iShares Staked Ethereum Trust, which will trade under the ticker ETHB if approved source: https://www.ethnews.com/blackrock-moves-toward-staked-ethereum-etf-with-new-sec-filing/

null source: https://x.com/DaanCrypto/status/1998121326134120808

Bitcoin For Corporations is calling on MSCI to scrap a proposed digital-asset exclusion rule, warning that up to 39 operating companies could face removal from major global indexes source: https://ambcrypto.com/this-proposal-unfairly-targets-a-single-asset-class-bitcoin-for-corporations-challenges-msci/

Undoubtedly, we have reached the darkest moment for the crypto industry. Some may disagree, as their obsession with the casino-like state of affairs and individualistic selfishness has overshadowed the industry's growth itself.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

The decision to release $1.4 billion in reserves may be a concession based on the strategy of not selling Bitcoin, but in the face of reality, Strategy also simultaneously lowered its full-year financial forecast and key performance indicators.

Bitcoin holders want to use their Bitcoin, but the infrastructure has never provided a secure and native way to do so.

Predictions, Crypto Markets, Shorting the Prediction Market (Golden Finance), Mean Reversion in the Super Speculative Cycle.

If a more stringent, fully punitive approach is adopted towards $BTC, the capital shortfall could be between $12.5 billion and $25 billion.

Just as tokenization represents an evolution in the market, so too does the topic of the recommendations the committee will consider. The emergence of artificial intelligence promises to revolutionize workflows and business models.

Recommended reading tonight: 1. The rise of Moore's Threads: The key to China's chip breakthrough; 2. What does the entry of Vanguard Group, Bank of America, and Charles Schwab into the crypto field mean?; 3. Crypto trend outlook for 2026;

The characteristics of the trading instrument, the global accessibility offered by the 24-hour market, and the unique behavioral patterns exhibited by participants.

Robinhood is entering Indonesia by acquiring a local brokerage and a crypto trading platform, giving it fast access to the country’s growing retail investor market. The company plans to offer US stocks and cryptocurrencies while keeping the local firms’ licences and gradually expanding its services after regulatory approval.