Today, Bitcoin is in the red to kick off the month of December. Michael Sailor's strategy announces the formation of a nearly $1.5% billion dollar US dollar reserve. And John Wang, head of crypto for Kelshi, explains the company's launch of tokenized predictions on Salana.Welcome to CNBC's Crypto World. I'm Mackenzie Sagalis. Major cryptocurrencies retreated sharply alongside stocks this morning as volatility continued into December.Now, as of noon Eastern, Bitcoin dropped nearly 8% to the $84,000 level aft ...

The hack adds to Dunamu's ongoing regulatory woes. Earlier in November, the Financial Intelligence Unit (FIU) under Korea's Financial Services Commission levied a record 35.2 billion KRW fine ($26.5 million) on the exchange operator for violating requirements on the reporting and use of specified financial transaction information. This is the heaviest penalty the FIU has issued to a crypto firm.Market observers noted the sophistication of the operation. One analyst tracking the fund's movements in real time ...