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After a 13-page letter from investment powerhouse Citadel Securities advised the U.S. Securities and Exchange Commission that decentralized finance (DeFi) protocols handling tokenized securities demand a closer regulatory grip, the industry answered back with its own correspondence on Friday, calling the arguments “baseless.””While we share Citadel’s aims with respect to investor protections, orderly markets, and the integrity of the national market system, we disagree that achieving these goals always necessitates registration as traditional SEC intermediaries and cannot, in certain circumstances, be met through thoughtfully designed onchain markets,” according to the new letter to the SEC, signed by the DeFi Education…

The Bitcoin’s behavior around US Federal Reserve announcements has become one of the most consistent market patterns of the year. After every FOMC update, the world’s largest cryptocurrency has reacted with a noticeable downside move, underscoring how closely the asset is now tied to shifting interest-rate expectations and broader macro sentiment.  What Future FOMC Meetings Could Mean For Bitcoin In an X post, analyst CryptoMichNL has mentioned that the Federal Reserve (FED) is preparing to update the printer from 2021 liquidity settings toward a more supportive 2025 stance. However, this doesn’t mean it will have an immediate impact on the…

The OCC today conditionally approved five digital asset-oriented companies for national trust bank charters, signaling a measured but tangible expansion of crypto firms into the federal banking system.The decision challenges claims from parts of the banking industry that crypto cannot comply with regulatory standards. However, it also complicates the sector’s own narrative of a coordinated effort to cut it off from financial services.Sponsored SponsoredThe Five Firms Behind ApprovalAlongside Ripple National Trust Bank, the Office of the Comptroller of the Currency (OCC) conditionally approved four additional digital asset-focused institutions, signaling a broader regulatory move rather than an isolated exception.In addition to…

In brief A total of 315 victim letters were submitted to the court ahead of Terraform Labs founder Do Kwon’s sentencing on Thursday. The U.S. judge said the letters were “impactful” and cited them ahead of sentencing Kwon to 15 years in prison. The letters detail the real-life impact the Terra collapse had on victims, including suicide, bankruptcy, and declining health. There were potentially millions of victims of the $40 billion collapse of Terra’s UST and LUNA, a U.S. judge said during Terraform Labs founder Do Kwon’s sentencing on Thursday. And 315 of those victims submitted letters that detailed suicide,…

Coinbase, the largest cryptocurrency exchange in the United States, is preparing to launch prediction markets and tokenized equities, while Gemini has secured regulatory approval. Kalshi and Crypto.com have formed an industry coalition. Changpeng Zhao is targeting 220 million users through BNB Chain. The war among giants for the throne of the $15 billion prediction market has officially begun.Coinbase Reveals Key Card in “Everything App” StrategyCoinbase reportedly plans to officially announce prediction markets and tokenized equity services at a showcase on December 17. The tokenized stocks will be launched in-house, not through partners.Sponsored SponsoredCoinbase executives have previously expressed interest in entering…

Bitcoin miners, which can acquire the cryptocurrency at below-market costs, could be in the best position to shape corporate adoption as accumulation by crypto treasury companies slows, says BitcoinTreasuries.NET.Bitcoin (BTC) treasury companies are projected to buy 40,000 BTC in the fourth quarter, the lowest since Q3 2024, BitcoinTreasuries.NET President Pete Rizzo said in a corporate adoption report released on Thursday.Despite the slowdown, Rizzo said Bitcoin mining companies continue to “anchor public‑market Bitcoin holdings” and accounted for 5% of new additions and 12% of aggregate public company balances in November.“Because miners can acquire BTC at an effective discount to spot markets…

In brief Disco’s GenTabs feature turns clusters of websites into AI-generated dashboards and tools. Google hasn’t detailed how the browser handles user data or avoids Gemini’s accuracy problems. The approach could further shrink web traffic as AI, rather than the underlying websites, becomes the destination. Planning a family vacation usually involves a digital sprawl: a dozen browser tabs for hotels,  flight comparisons, and restaurant reviews across different websites.It is the kind of chaos that has defined the web work since tabbed browsing was popularized by Mozilla Firefox in 2002.Today, the Alphabet Inc. unit unveiled Disco, an experimental web browser that…

Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in prison after pleading guilty to wire fraud and conspiracy to defraud.In a Thursday hearing in the US District Court for the Southern District of New York, Judge Paul Engelmayer ordered that Kwon serve 15 years in prison for his role in the collapse of Terraform, which wiped out about $40 billion from the crypto market in 2022. He will receive credit for time served in the US and 17 months of pre-extradition custody.Prior to making his decision on sentencing, Engelmayer heard from some of Terraform’s victims…

A US court has sentenced Terra founder Do Kwon to 15 years in prison, concluding one of the most consequential fraud cases in crypto history. The decision, delivered on December 11, 2025, follows Kwon’s guilty plea earlier this year.End of the 2022 Crypto Winter Saga?The sentencing ends a three-year and seven-month legal saga that began after the collapse of Terra’s algorithmic stablecoin ecosystem in May 2022, which erased tens of billions in market value and triggered a cascade of failures across the crypto sector. Sponsored SponsoredProsecutors argued that Kwon knowingly misled investors about the stability of TerraUSD and the backing…

The BTC transfers landed just before the Fed’s rate cut, adding tension to a market already shaken by volatility and macro uncertainty. SpaceX and BlackRock recently shifted more than $296 million in Bitcoin (BTC) to Coinbase Prime, according to on-chain trackers at Lookonchain. The large transfers landed just hours before the U.S. Federal Reserve confirmed a 25-basis-point rate cut, adding fresh tension to an already shaky market. The timing has drawn traders into a debate over whether these moves signal strategic custody changes or preparations to sell amid heightened volatility. Fresh Transfers Raise Questions as Fed Decision Hits Markets According…