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Terra Founder Do Kwon May Face South Korean Trial Despite 15-Year US Prison Sentence

In brief
Do Kwon could face a separate criminal trial in South Korea if transferred there after serving part of his 15-year U.S. sentence.
Korean prosecutors say a conviction under the Capital Markets Act could add decades more prison time, independent of the U.S. case.
Cybercrime consultant
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Strategy Adds Nearly a Billion Dollars in Bitcoin for Second Straight Week

In brief
Leading Bitcoin treasury firm Strategy bought $980 million worth of Bitcoin last week.
It's the second straight week that the company added nearly $1 billion in BTC.
The company holds $60 billion in Bitcoin and its stock price has fallen 53% over the past six months.
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Morning Minute: The SEC & OCC Usher In Crypto Era

Decrypt's Art, Fashion, and Entertainment Hub.

Discover SCENE
Morning Minute is a daily newsletter written by Tyler Warner . The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack .
GM!
Today's top news:
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UK Treasury Plans to Bring Crypto Firms Under Full FCA Oversight

In brief
The UK Treasury plans to regulate crypto firms just like other financial products already under FCA oversight.
The shift would expand rules beyond AML to disclosures, governance, and consumer protection.
Crypto firms in the UK would need to balance innovation with compliance, but
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Transhumanism Branded a 'Death Cult' as Thinkers Clash Over Humanity's Future

In brief
Transhumanism was labeled a "death cult" by critics who argued it misunderstood what it means to be human.
Advocate Zoltan Istvan defended the movement as a humanitarian effort to end suffering, aging, and death through technology.
Philosophers and AI researchers warned that promises o
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Vanguard Exec Calls Bitcoin a 'Digital Labubu', Even as Firm Offers Crypto ETF Trading

In brief
A Vanguard executive compared Bitcoin to a collectible toy, despite the firm recently opening trading for crypto ETFs.
Vanguard recently allowed clients to trade funds holding Bitcoin, Ethereum, XRP, and Solana.
The firm said it would not provide investment advice related to crypto
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These Bleak Victim Letters Helped Seal Terra Founder Do Kwon's Fate

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
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Crypto Giant Tether Makes Offer to Acquire Juventus Soccer Club

Tether has submitted a cash offer to acquire 65.4% of Juventus from Exor, aiming to invest 1 billion Euros to enhance the club's growth. Tether recently acquired a minority stake and is committed to supporting Juventus in the evolving sports landscape.
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XRP Is Launching on Ethereum and Solana—Here's Why (and How)

XRP will soon be usable across multiple blockchains as wXRP, a 1:1 backed token by Hex Trust. Initially launching with $100 million in liquidity, this development enhances XRP's role in DeFi and cross-chain interactions.
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Phantom Crypto Wallet Adds Kalshi Prediction Markets for Over 20 Million Users

Phantom wallet has integrated with Kalshi's prediction markets, allowing users to trade on various topics directly within the app. This feature simplifies transactions and includes social elements for real-time community engagement, reflecting a trend of integrating prediction markets into crypto wallets.
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Sorry Gooners: OpenAI's Erotic ChatGPT Delayed Into 2026

In brief
OpenAI has delayed its adult content mode to early 2026, missing a December launch target set by CEO Sam Altman.
The holdup centers on an AI age-prediction system meant to protect minors without misclassifying adults.
The delay frustrates users as rivals already allow NSFW
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