Day: December 8, 2025

US Judge Asks for Clarification on Do Kwon’s Foreign Charges

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With Do Kwon scheduled to be sentenced on Thursday after pleading guilty to two felony counts, a US federal judge is asking prosecutors and defense attorneys about the Terraform Labs co-founder’s legal troubles in his native country, South Korea, and Montenegro. In a Monday filing in the US District Court for the Southern District of New York, Judge Paul Engelmayer asked Kwon’s lawyers and attorneys representing the US government about the charges and “maximum and minimum sentences” the Terraform co-founder could face in South Korea, where he is expected to…

4 Ways Trump’s New Fed Chair Could Supercharge Bitcoin’s Price

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U.S. President Donald Trump is zeroing in on a new Fed Chair nominee. This could be a huge support for big gains in Bitcoin’s price. The term of the current Federal Reserve Chair, Jerome Powell, ends in May 2026. But the very pro-Bitcoin President Trump wants to get a head start on finding his successor. Meanwhile, the new chair could hit the ground running when his term begins next May. U.S. Treasury Gives Crypto Nod On New Fed Chair? Trump is likely to pick a new Fed chair by…

StableChain Mainnet Launches with Foundation and STABLE Token

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Tether-backed Stable protocol has launched its USDT-powered blockchain, StableChain, alongside a new governance foundation and a native token.  According to the protocol, the new layer-1 network is designed for stablecoin transactions and relies on Tether’s USDt (USDT) for gas fees payments, removing the need for volatile assets to process payments. Alongside the mainnet debut, Stable introduced the Stable Foundation and the STABLE governance token on Monday, separating network security from payment flows settled in USDT. The rollout follows a pre-deposit campaign that drew more than $2 billion from over 24,000…

Singapore Widens Ripple’s MPI License, Unlocking Full Cross-Border Payments

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Key takeaways MAS has expanded Ripple’s MPI license, allowing the company to offer a much wider range of regulated payment services and marking a notable regulatory milestone for the company’s operations in Singapore. Ripple first secured a full MPI license in 2023, enabling digital payment token services but limiting comprehensive end-to-end payment capabilities until the restrictions were removed in the 2025 expansion. The upgraded license now permits full cross-border payment processing, regulated XRP and RLUSD services, liquidity solutions, on/off-ramps and enterprise-grade settlement tools under Singapore’s strict oversight. The expanded license…

Anthony Scaramucci praises Strategy’s new Bitcoin investment as ‘smart stuff’

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Key Takeaways Anthony Scaramucci praised Strategy’s $963 million Bitcoin purchase as a smart move to strengthen its balance sheet. Scaramucci forecasts significant Bitcoin price growth fueled by institutional adoption and market scarcity. Share this article Anthony Scaramucci praised Strategy’s latest Bitcoin acquisition, calling the move “really smart stuff” that strengthens the company’s balance sheet and benefits the Bitcoin market. Strategy disclosed on Monday it added 10,624 Bitcoin worth approximately $963 million. The company’s Bitcoin stash has exceeded 660,000 units, strengthening its position as the leading corporate holder of the digital…

U.S. and Canadian Digital Asset Treasury Firms See Median Stock Prices Plunge 43% in 2025

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U.S. and Canadian digital asset treasury firms face steep losses in 2025, with median stock prices down 43% and struggling to recover. A Bloomberg report shows that U.S. and Canadian companies holding digital assets in their treasuries are facing losses, with the median stock price down 43% this year. What began as one of the most popular strategies in public markets has quickly turned into one of the worst trades. Corporate Treasury Hype Falls Short of Reality Companies known as digital asset treasuries (DATs) have been using corporate cash…

Polymarket integrates Monad for native deposit support

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Key Takeaways Polymarket now supports native MON and USDC deposits via the Monad network. Users benefit from faster deposit processing and improved experience. Share this article Polymarket, a decentralized prediction market platform, today added native deposit support for Monad, a high-performance layer-1 blockchain designed for fast transaction processing and scalability. The integration allows users to deposit MON and USDC directly through the Monad network, enabling faster deposit processing and improving the overall user experience on the prediction market platform. The development represents part of Polymarket’s broader multi-chain expansion strategy to…

US government to permit NVIDIA H200 chip exports to China

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Key Takeaways The US government will allow NVIDIA to export its H200 AI chips to China, shifting from previous restrictive policies. This decision updates existing US export controls on advanced technologies, balancing security concerns and economic interests. Share this article The US government will permit NVIDIA, a major AI chip manufacturer, to export its H200 chips to China, marking a shift in tech export policies under President Donald Trump’s administration. The decision represents an update to existing export controls on advanced technologies as the administration seeks to balance national security…

Watchdog Asks for Crypto Industry Feedback on UK Investment Reforms

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The UK’s Financial Conduct Authority (FCA), the watchdog overseeing the country’s financial sector, has released proposals as part of its strategy to “boost UK investment culture,” and is asking for help from the crypto industry. In discussion and consultation papers released on Monday, the FCA asked crypto companies to provide feedback on proposals aimed at “expanding consumer access to investments” and amending rules for “client categorization and conflicts of interest.” Source: FCA The discussion paper noted that “virtually all of the underperformance on high [digital engagement practices] apps could be…

XRP spot ETFs near $1B AUM amid sustained institutional demand

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Key Takeaways US spot XRP ETFs are approaching $1 billion in assets under management, recording the fastest growth since Ether ETFs. Institutional demand is driving inflows, with major funds like Canary Capital, Grayscale, Bitwise, and Franklin Templeton contributing most. Share this article US spot XRP exchange-traded funds are on track to surpass $1 billion in assets under management, making XRP the fastest crypto spot ETF to reach that threshold since Ether. The ETFs, which launched in mid-November, have recorded a 15-day inflow streak and accumulated $897.4 million in net inflows,…