U.S. prosecutors have asked a New York federal judge to sentence Terraform Labs co-founder Do Kwon to 12 years in prison, calling his role in the 2022 TerraUSD collapse a “colossal” fraud that triggered broader crypto-market failures, including the downfall of FTX. Sentencing is scheduled for Dec. 11. https://t.co/yVZXhJDAls ...

US reported that core PCE rose 2.8% year-on-year in September, down from 2.9% in the previous month, marking a three-month low. The market had expected a third consecutive month of 2.9%. ...

Market Trends - Web3 job seekers in China are surging, marking the first increase since 2022 [1] - The Web3 job market experiences an imbalance between supply and demand [1] Job Market Analysis - Job openings significantly outnumber job seekers [1] - Over 70% of Web3 recruitment focuses on CEX（中心化交易所） and DEX（去中心化交易所）-related positions [1]

Polish lawmakers failed to overturn President Karol Nawrocki’s veto of a digital-assets bill, blocking Prime Minister Donald Tusk’s effort to advance EU-aligned crypto regulations. The lower house fell short of the required three-fifths majority, despite Tusk arguing the legislation was vital for national security. https://t.co/1gNyCzWYD2 ...

Blockchain Privacy & Technology - Zama utilizes Fully Homomorphic Encryption (FHE) to enable on-chain confidentiality while maintaining scalability and composability [1] - FHE adds an encryption layer to blockchains like Ethereum and Solana, facilitating private stablecoins, trading, payments, and DeFi [1] - The solution doesn't require changes to user experience (UX) or the use of bridges [1] - Zama highlights major performance breakthroughs in FHE [1] Applications & Use Cases - FHE enables compliance-friendly private computation [1] - Encrypted auctions and confidential AI are potential applications [1] Project Status - Zama is preparing for its mainnet launch [1]

The European Commission has proposed shifting oversight of crypto firms from individual member states to the EU-level regulator ESMA to reduce fragmentation in MiCA enforcement and improve cross-border supervision. The move aims to unify financial-market regulation across the bloc but still requires approval from the European Parliament and Council. https://t.co/9wmdvvpyJE ...

WuBlockchain Weekly (Dec 1 – Dec 5): Yi He Named Binance Co-CEO, SEC to Issue “Innovation Exemption”, Bank of America Recommends Crypto Allocation, Strategy Establishes $1.44B Reserve, China Reaffirms Ban on Virtual Currencies, Ethereum Completes Fusaka Upgrade, and More https://t.co/pvhsdjvInK ...

Organizational Structure & Strategy - Binance is launching a Co-CEO system, a model common in finance, to achieve a "1+1>2" collaboration effect [1] - The Co-CEO structure aims to build an enduring, systematized organization that is not reliant on a single individual [1] Innovation & Technology - Binance aims to integrate more AI and technological innovation into its operations [1] - The goal of technological innovation is to help Binance and the broader industry advance further [1] Future Outlook - Binance Blockchain Week 2025 is a relevant event [2]

According to Bloomberg, HashKey Holdings is preparing to begin taking investor orders as early as next week for its planned Hong Kong IPO, aiming to raise at least $200 million and potentially list before the end of December. Final sizing and timing may still change. https://t.co/8N0iRY0qGm ...

Cloudflare said a fix has been implemented and they are continuing to monitor the results. ...