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In an eye-opening case that reflects South Korea’s rigorous stance on crypto regulation, Kim Nam-guk, a former Democratic Party congressman, is facing legal repercussions for concealing substantial crypto holdings. According to a local source, Prosecutors have requested a six-month prison sentence for Kim, accusing him of deliberately falsifying asset declarations submitted to the National Assembly….

Crypto index fund manager Bitwise has introduced a Solana staking exchange-traded product (ETP) in Europe under the ticker BSOL. The move comes as Bitwise continues to await U.S. regulatory approval for its Solana exchange-traded fund (ETF). Launched on December 17, the new ETP offers investors an annual percentage yield (APY) of 6.48%, surpassing similar offerings…

Ethereum Name Service (ENS) will use Linea’s Type 2 zkEVM technology to launch its own Layer 2 network, dubbed “Namechain.” According to a blog post from ENS, Linea’s zkEVM technology ensures compatibility with Ethereum’s existing smart contracts and tools, a crucial factor in streamlining the transition to Layer 2. Linea, backed by Ethereum research and…

Japanese investment firm Metaplanet is poised to achieve its first consolidated operating profit in seven years, just months after incorporating Bitcoin into its balance sheet. The Tokyo-based firm announced on December 18 that it expects to generate 890 million Japanese yen ($5.8 million) in revenue for the fiscal year ending December 31, a significant increase…

Sygnum Singapore, a branch of the digital asset bank, said it has partnered with brokerage Moomoo SG to distribute its multi-manager fund to accredited investors on its platform. This partnership will make Moomoo in Singapore the first distribution partner for a Sygnum Singapore asset management product. Moomoo Singapore is a regulated platform and holds the…

The Australian corporate watchdog sued Binance’s Australian arm for failing to protect consumers misclassified as ‘wholesale clients.’ The investors were apparently exposed to highly speculative and risky crypto products, the Australian Securities and Investments Commission (ASIC) claimed. Oztures Trading Pty Ltd, trading as Binance Australia Derivatives, offered crypto derivative products to 505 retail investors from…

Senator Tim Scott, the next U.S. Senate Banking Committee Chair, has promised action on crypto legislation during a Washington event. Speaking at the Policy Summit by Blockchain Association, Scott stresses that crypto has the “potential to democratize the financial world.” “In my opinion, it is the next wonder of the world,” he said. “I’m going…

Ohio Representative Derek Merrin has introduced a bill that aims to authorize the state’s treasury to invest public funds in Bitcoin. The proposal, known as House Bill 703 or the Ohio Bitcoin Reserve Act, seeks to establish a Bitcoin fund within the state’s treasury and grant the State Treasurer the authority to allocate funds to…

The highly anticipated launch of Pudgy Penguin’s token PENGU on Solana blockchain with massive airdrop failed to maintain the rally as token’s value tanked over 54% within 24 hours. The token’s value initially surged to $0.068 before falling to $0.031 amid heavy selling pressure from top holders. Top meme coins also fell significantly in the…

A recent Emerson College poll reveals that nearly 20% of U.S. voters have engaged with cryptocurrency in some capacity, be it through investment, trading, or usage. The survey, conducted between December 11 and 13, polled 1,000 registered voters, providing a glimpse into the evolving relationship between American voters and the crypto industry. The poll revealed…