By Emir Abyazov Key highlights: Do Kwon pleads guilty to two wire fraud charges, waives trial in New York federal court. Plea agreement includes $19 million financial penalties; sentencing set for December 11. The case follows the Terra collapse, causing $40B losses, marked by complex extradition and lawsuits. Do Kwon, co-founder of Terraform Labs, has […]
Tag: ETH
By Emir Abyazov Key highlights: Banking groups warn stablecoin yield loophole risks $6.6 trillion deposit outflow. GENIUS Act bans direct stablecoin interest but loophole allows yield via affiliates. Banks fear stablecoins offering yield could destabilize credit and increase borrowing costs. US banking groups have urged Congress to close a loophole in the GENIUS Act, which […]
By Marco Piccolo Key highlights: Chainlink partners with Intercontinental Exchange (ICE) to bring FX and precious metals pricing from ICE Consolidated Feed into its Data Streams, enhancing institutional-grade on‑chain data. The newly created Chainlink Reserve, funded by enterprise revenue and on‑chain fees, holds over $1 million in LINK to support long‑term network growth. LINK token […]