Recent News on Cryptocurrency, Blockchain, and Finance | Yellow

US prosecutors have asked a federal judge to sentence Terraform Labs co-founder Do Kwon to 12 years in prison for fraud tied to the $40 billion TerraUSD collapse, arguing his losses exceed those in the FTX case led by Sam Bankman-Fried.

New whale wallet withdrew 169 billion SHIB from Coinbase in six transactions worth $1.49M as token trades near multi-month lows.

Binance Research and Nexo warn that the December 10 Federal Reserve meeting marks a pivotal market inflection, as renewed liquidity injections, shifting rate expectations, and Ethereum’s upgrade shape the crypto outlook.

Binance will suspend Terra deposits and withdrawals Dec 8 at 12:05 UTC for network upgrade at block 18,660,000 while trading continues.

BlackRock CEO Larry Fink disclosed sovereign wealth funds accumulated Bitcoin at $120K, $100K, and $80K levels for long-term holdings.

SpaceX moved 1,083 BTC (~$100M) to a custody wallet, continuing a pattern of institutional-grade crypto reallocation.

BitMine acquired 41,946 ETH worth $131 million, expanding holdings beyond 3.7 million total tokens

Kraken and Deutsche Börse partner to integrate cryptocurrency trading with traditional financial infrastructure through multiple integration points.

IMF warns stablecoins could accelerate currency substitution and weaken central bank control, especially in high-inflation economies.

Bitcoin holders withdrew over $2 billion from exchanges this week, pushing reserves to 5-year lows amid ongoing price struggles