Terraform Labs co-founder Do Kwon will be sentenced in New York this Thursday after pleading guilty to two felony charges (wire fraud and conspiracy to commit fraud). Prior to sentencing, U.S. Federal Judge Paul Engelmayer requested that both the prosecution and defense clarify the charges Kwon will face in South Korea and his "maximum and minimum sentence" to assess the risks of his involvement in multiple jurisdictions. Court documents show that the judge wanted to know whether South Korea might release Kwon early if he is extradited after serving his U.S. sentence, and how his time in South Korea would be calculated. Kwon's lawyers stated that if he is extradited to South Korea, he will re-enter pretrial detention and, if convicted, could face up to 40 years in prison. The documents also indicate that the judge asked both sides whether they agreed not to count the four months Kwon served in Montenegro towards his U.S. sentence to avoid double counting across jurisdictions. Kwon was detained in Montenegro for using forged travel documents and has been contesting multiple extradition requests there for over a year. U.S. prosecutors are seeking at least 12 years in prison, arguing that the damage caused "exceeds the combined total of SBF, Mashinsky, and OneCoin's head, Greenwood." The defense has recommended a sentence of no more than five years. Do Kwon disappeared after the Terra crash in 2022 and was arrested in Montenegro in 2023. He has been charged in both South Korea and the United States, and is expected to face further detention and trial in South Korea after serving his sentence in the U.S. A judge will issue a preliminary sentencing decision on Thursday, but the cross-jurisdictional nature of the case means it will likely continue for years to come. (Finance Feeds)

According to Odaily Planet Daily, crypto analyst Ai Yi (@ai_9684xtpa) monitored that the "1011 Insider Whale" reduced its holdings by 4,513 ETH nine hours ago, with a trading volume of approximately $14.06 million, realizing a profit of approximately $304,000. This whale currently still holds 50,001 ETH long positions, with a total value of approximately $156 million at the market price. The opening price was $3,048.56, resulting in a floating profit of approximately $3.96 million.

the total open interest amounted to $103870000252.89575, with BTC at $48.91 billion, ETH at $30.85 billion, XRP at $4.79 billion, LTC at $2.17 billion, ETC at $1.34 billion, DASH at $1.22 billion, IOTA at $1.00 billion, QTUM at $691.20 million, . The data is sourced from the quarterly and perpetual contracts on Bitget,dYdX,Deribit,CME,Hyperliquid,Binance,Coinbase,OKX,Bybit,Gate,HTX,Kraken,Crypto.com,Bitfinex,BitMEX. This report is for informational purposes only and does not constitute investment advice.

Odaily Planet Daily reports that Jack Mallers, CEO of Twenty One Capital and founder of Strike, announced on X that the company expects to officially list on the New York Stock Exchange (NYSE) under the ticker symbol "XXI" in the early hours of December 10th, Beijing time. The company stated that as part of the listing settlement process, over 43,500 Bitcoins will be transferred from escrow accounts back to self-management, and the corresponding proof of reserves will be updated upon completion. The company stated that "transparency will continue to be an industry standard." Previous news: Twenty One Capital transferred approximately $3.94 billion worth of BTC to a new wallet.

The total liquidation amount in the past 24 hours was $216.26 million, including $68.88 million in BTC, $61.87 million in ETH, $14.45 million in SOL, $14.45 million in ZEC, $3.98 million in PIPPIN, $2.63 million in BEAT, $2.42 million in XRP, $2.07 million in 1000LUNC, $1.70 million in FARTCOIN, $1.59 million in HYPE, $1.57 million in LUNA, $1.49 million in DOGE, $1.44 million in 1000PEPE, $1.35 million in PIEVERSE, $1.06 million in LAB, $970,318.63 in COMMON, $949,130.39 in FHE, $931,714.47 in RDNT, $895,226.05 in MOODENG, $884,420.5 in SUI, $791,398.19 in BCH, $787,052.92 in POWER, $710,583.35 in PEPE, $628,951.27 in ASTER, $591,452.12 in XPL, $576,872.76 in DASH, $511,818.75 in H, $480,326.58 in MAGIC, $469,879.45 in TAKE, $468,571.55 in ADA, $435,040.19 in MON, $413,518.64 in TAO, $409,292.1 in BNB, $393,866.87 in LINK, $384,292.66 in PUMP, $371,083.75 in ENA, $368,795.92 in AIOT, $360,731.57 in ONDO, $348,720.11 in BLUAI, $338,788.14 in CC, $325,765.68 in WLD, $314,572.31 in AAVE, $298,963.66 in RESOLV, $298,628.43 in ZEUS, $274,627.28 in TRX, $268,500.86 in PENGU, $267,648.88 in LIGHT, $246,615.32 in TURBO, $232,404.94 in AVAX, $222,416.24 in NEAR, $216,766.08 in TRUTH, $208,260.63 in WIF, $205,787.09 in LTC, $198,044.91 in UNI, $195,011.15 in JCT, $179,097.92 in FIL, $169,987.23 in ETC, $154,750.42 in DYDX, $153,599.44 in LUNC, $152,447.99 in ZEN, $150,753.61 in ALLO, $140,613.72 in STBL, $139,875.83 in VOXEL, $136,266.48 in RLS, $134,761.29 in ARB, $133,346.31 in MERL, $126,416.39 in XNY, $125,552.93 in STRK, $115,792.6 in TRADOOR, $110,470.28 in FOLKS, $110,380.02 in GIGGLE, $108,592.07 in VIRTUAL, $93,794.85 in TRUMP, $90,319.54 in SUPER, $89,660.68 in ORDI, $89,267.5 in OP, $85,093.57 in TON, $84,444.7 in LA, $84,241.12 in 1000FLOKI, $81,188.24 in APT, $75,856.55 in WOO, $75,130.15 in HBAR, $74,236.25 in SAPIEN, $74,133.18 in SKATE, $73,606.92 in AIA, $70,771.89 in 1000SHIB, $68,844.49 in EIGEN, $65,564.16 in SPX, $64,732.79 in MOVE, $63,604.24 in AVNT, $61,744.04 in INJ, $61,686.24 in ICP, $59,403.35 in BOME, $59,096.31 in IRYS, $58,352.15 in AT, $57,657.53 in TRUST, $56,776.78 in GRIFFAIN, $56,099.29 in TNSR, $53,115.38 in CLO, $3.75 million in Others. The data is sourced from the quarterly and perpetual contracts of Binance, Bybit, Hyperliquid, OKX, Gate, HTX, BitMEX, Bitfinex. The statistical period is from 8:30 AM on December 8, 2025 to 8:30 AM on December 9, 2025. This report is for informational purposes only and does not constitute investment advice.