Weekly Crypto Recap: Top Headlines and Trends

This week’s crypto news is filled with updates on high-profile cases, new developments in the world of Bitcoin, and regulatory changes in various countries. Here are the top headlines and trends to keep you informed:

Do Kwon Trial Date Set for Early 2026

The trial of Terraform Labs co-founder Do Kwon has been scheduled for January 26, 2026, in New York’s Southern District Court. Kwon, who pleaded not guilty to multiple fraud charges, will remain in federal detention until the trial. The proceedings are expected to last four to eight weeks and will address criminal charges related to the $40 billion collapse of TerraUSD and Terra Luna in 2022.

Mango Markets to Cease Operations

The Solana-based decentralized exchange Mango Markets has announced its closure, following an SEC settlement that requires the destruction of MNGO tokens and their removal from all exchanges. The protocol will implement changes to interest rates and collateral requirements on January 13.

Bitcoin on the Rise in Corporate Treasuries

Heritage Distilling Holding Company has announced a new Bitcoin Treasury Policy Statement, holding it as a strategic asset. The company plans to allow customers to purchase products using Bitcoin and will acquire and hold Bitcoin as part of its corporate treasury strategy.

Standard Chartered Launches Crypto Custody in EU

Standard Chartered has launched a new digital asset custody entity in the European Union, building on its September launch in the UAE. The British bank is among the first global institutions to adopt crypto trading, operating Bitcoin and Ethereum trading desks.

Regulatory Changes in Asia

South Korea is preparing a policy shift to gradually open cryptocurrency trading to institutions, beginning with non-profit organizations. In another development, a city in Bhutan has adopted a crypto reserve strategy incorporating Bitcoin, Ethereum, and BNB.

UK Judge Dismisses £600 Million BTC Lawsuit

A UK judge has dismissed James Howells’ high-profile case against Newport City Council regarding a discarded hard drive allegedly containing £600 million in Bitcoin. Howells had sought either landfill access or £495 million in compensation.

NFT Market Shows Strength

The NFT market has shown independent strength despite broader cryptocurrency weakness. While Bitcoin and Ethereum fell, NFT sales volume increased 10.70% to $155.4 million.

Crypto Investing and Adoption on the Rise

North Dakota’s State Legislature has introduced a proposal to invest select state funds in digital assets and precious metals as an inflation hedge. Additionally, Ethan Peck has submitted a Bitcoin Treasury Shareholder Proposal to Meta, marking another attempt to bring cryptocurrency to the boardrooms of tech giants.

Tips for Crypto Investors

As the crypto market continues to evolve, here are some tips for investors:

  • Stay informed about regulatory changes and their impact on the market.
  • Diversify your portfolio to minimize risk.
  • Keep an eye on emerging trends and technologies.

Stay up-to-date with the latest crypto news and trends on Global Crypto News. From regulatory changes to new developments in the world of Bitcoin, we’ve got you covered.

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