The collapse of Do Kwon's Terraform project caused losses that surpassed those by Sam Bankman-Fried's FTX, Celsius and OneCoin combined, the prosecutors argued.
Authorities across Europe took down a massive crypto fraud and laundering network tied to fake investment platforms, deepfake ads and call-center operations.
Lower adjusted net asset value multiple means Strategy can no longer issue equity at a premium, threatening its long-term plan to accumulate more bitcoin, analyst Brett Knoblauch wrote.
The incoming policy chief arrives as the crypto industry seeks to influence the market structure bill in Congress, including its heavy DeFi implications.
Bitcoin’s early week rally unraveled as sharp ETF outflows, aggressive derivatives deleveraging and muted altcoin reactions to catalysts pulled the broader crypto market lower.