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Terraform Labs co-founder Do Kwon requests five-year prison sentence in US trial

Terraform Labs co-founder Do Kwon requests five-year prison sentence in US trial

Do Kwon believes that a five-year prison sentence is sufficient for the Terra crypto fraud.
Ethereum co-founder Buterin leads crypto pushback against X location display feature

Ethereum co-founder Buterin leads crypto pushback against X location display feature

X introduced a new feature that displays the home country of every user.
PayPal-backed Pine Labs targets $439M IPO in Mumbai

PayPal-backed Pine Labs targets $439M IPO in Mumbai

Pine Labs plans to raise about $439 million in a Mumbai IPO, valuing the company at around $2.86 billion.
Coinbase claps back at Senator Murphy over alleged Trump bias

Coinbase claps back at Senator Murphy over alleged Trump bias

Coinbase rejected Senator Chris Murphy’s claim that it benefited from Trump-era favoritism.
UK small business confidence fell sharply in the third quarter

UK small business confidence fell sharply in the third quarter

UK small business confidence fell sharply in the third quarter as firms brace for higher taxes and rising costs.
US faces $14B economic hit as government shutdown drags

US faces $14B economic hit as government shutdown drags

The US government shutdown could result in a $7–$14 billion economic impact.
ASIC updates its guidance to show how financial laws apply to crypto, stablecoins, and staking services

ASIC updates its guidance to show how financial laws apply to crypto, stablecoins, and staking services

Australia is set to introduce new laws that will require crypto companies and stablecoin issuers to obtain official licenses.
Apple avoids App Store class action as services revenue tops $100B

Apple avoids App Store class action as services revenue tops $100B

U.S. judge cancels class action against Apple over App Store monopoly claims.
China tightens crypto grip as Asia races ahead with stablecoins

China tightens crypto grip as Asia races ahead with stablecoins

China will continue cracking down on domestic crypto trading and speculation to protect financial stability.
SoftBank doubles down on AI with $22.5 billion OpenAI investment approval

SoftBank doubles down on AI with $22.5 billion OpenAI investment approval

SoftBank has approved a second payment of about $22.5 billion for its investment in OpenAI.