cryptexa

🌚Do Kwon sentenced to 15 years in prison for fraud Do Kwon has been sentenced to 15 years in prison after a court found him guilty of fraud that caused an estimated $50 billion in global losses.

🖨 Circle has minted $16 billion in USDC since the major market crash on October 10. Today alone, an additional 500 million USDC were issued.

🍬 State Street and Galaxy Digital will launch a tokenized liquidity fund on the Solana blockchain in 2026. State Street is one of the world’s four largest investment companies, managing over $5.4 trillion in assets.

📊 Morning crypto prices: • Bitcoin (BTC): $90,061 • Ethereum (ETH): $3,212 • XRP (XRP): $2.01 • BNB (BNB): $866.46 • Solana (SOL): $130.95 • Market cap: $3.26T • Bitcoin dominance: 55.14% • Fear & Greed Index: 29 (“fear”)

🇺🇸 Strategy demanded that MSCI not exclude crypto companies from its indexes Strategy, led by Michael Saylor, sent MSCI a 12-page letter criticizing the proposal to exclude from its indexes companies whose assets consist of more than 50% cryptocurrency. The restriction targets so-called Digital Asset Treasury Companies (DATs), including Strategy itself. MSCI began discussing these changes in October, and a final decision is expected in January 2026. JPMorgan analysts previously warned that removing Strategy from the MSCI World and Nasdaq 100 indexes could trigger an outflow of up to $2.8 billion from MSTR’s market capitalization. Strategy’s shares have been included in the MSCI World index since May 2024. In its letter, Strategy argued that the 50% digital-asset threshold is “discriminatory, arbitrary, and unenforceable.” The company claims the initiative “contradicts U.S. public policy,” “undermines index neutrality,” and could “slow the development of the industry.” The company emphasized that DAT-companies are not investment funds but operating businesses. Strategy issues Bitcoin-backed debt instruments and securities, and its model is closer to banking than to funds or ETFs. As of December 7, Strategy holds 660,624 BTC, purchased since 2020 for a total of $43.35 billion, with an average buy price of $74,696 per BTC.

📲 Sei Wallet will be pre-installed on millions of Xiaomi smartphones As part of the partnership, the Sei crypto wallet app will come pre-installed on all new Xiaomi smartphones sold outside mainland China and the US. The companies also plan to integrate stablecoin payments into Xiaomi’s retail network. Xiaomi is the third-largest smartphone manufacturer in the world, producing 168,000,000 new devices annually.

😎 Porsche and Lamborghini in Europe have started accepting crypto payments French fintech company Lyzi (based on Tezos) has launched crypto payments at Porsche Centre Montpellier and Lamborghini Bordeaux. Now you can buy a sports car using BTC, XTZ, USDC, EURC, and more than 80 other crypto assets, while dealerships instantly receive euros without volatility risk.

💰Trump Meme Coin Will Be Used in a Mobile Game About Billionaires The TRUMP meme coin launched by the team of U.S. President Donald Trump will be used as a reward in the mobile game “Trump Billionaires Club.” Bill Zanker, promoter of the token and longtime associate of Trump, plans to release the game app by the end of December. The game takes place in New York. Users will be able to spend TRUMP tokens while trying to build a business empire and win prizes. In the game’s trailer, a voice resembling Trump’s encourages players to become billionaires. The prize pool in TRUMP tokens will total $1 million, according to the announcement. Organizers are inviting “true Trump fans” to register early for the waitlist. The TRUMP meme coin was launched on January 18, 2025, two days before Trump’s inauguration. Within 24 hours of its debut, the token entered the list of the largest cryptocurrencies by market cap and reached a peak of about $75. Since then, TRUMP has fallen by 90% and is trading around $5.8. Zanker’s company has created at least six Trump-related projects. Among them are an NFT series portraying Trump as a superhero, and a business producing sneakers, watches, and fragrances under the Trump brand—also sold for TRUMP meme coins.

🇺🇸 US Banks Allowed to Act as Intermediaries in Crypto Transactions The U.S. Office of the Comptroller of the Currency (OCC), which regulates federal banks in the United States, has issued new guidance stating that banks are allowed to participate in cryptocurrency transactions in a “riskless principal” capacity, Reuters reports. Such transactions mean that a bank simultaneously buys an asset from one counterparty and resells it to another without holding the cryptocurrency on its own balance sheet. According to the OCC, exceptions are possible only in certain cases. In March, the OCC confirmed that banks will be able to provide custodial services for cryptocurrencies, work with stablecoins, and participate in blockchain networks as validators without prior approval from the regulator. The agency also withdrew its involvement in previously issued statements about cryptocurrency and liquidity risks, fully shifting the responsibility for risk assessment onto the banks themselves and no longer treating cryptocurrencies as a separate high-risk asset class.

📊 Morning crypto prices: • Bitcoin (BTC): $92,585 • Ethereum (ETH): $3,321 • XRP (XRP): $2.08 • BNB (BNB): $892 • Solana (SOL): $139 • Market cap: $3.07T • Bitcoin dominance: 59.11% • Fear & Greed Index: 26 (“fear”) Among the top 100 coins, the biggest gainer in the past 24h was Pudgy Penguins (PENGU) with +10%. The biggest loser was Bitcoin Cash (BCH), down 1%.

📊 The number of active validators in the Solana network has dropped from over 2,500 in March 2023 to about 800 now (–68%). Opinions differ: some say this decline reflects healthy filtering of multi-accounters, while others — including infrastructure teams — point to economic and operational costs driving many validators away.

💸 #ZEC Zcash is preparing dynamic fees. Shielded Labs published the first detailed proposal for a dynamic fee market so users don’t overpay for transactions during ZEC price spikes and network congestion. What’s changing: • Fixed fees replaced with a median fee per action, calculated over the last 50 blocks. • Priority mode during peak periods – fee multiplies by 10 to ensure block inclusion without complex protocol changes. • Rollout will be phased – monitoring first, then wallet policies, and possibly a consensus update. Why it matters: With rising ZEC prices, fixed fees become “broken” – some batch operations already cost users double-digit USD amounts. The dynamic model solves this while preserving privacy and minimizing fork risks. Shielded Labs is an independent research organization focused on privacy and security improvements for Zcash.

🤑 Trader “FKveRx” turned $716 into $244k (340x) in one week. He bought 16.3M #FRANKLIN for $716, then sold 4.8M tokens for $20.5k, while holding the remaining 11.5M ($224k) to this day.

✅ Tether and Circle, following Binance, received licenses from the Abu Dhabi Global Market to operate their own stablecoins.

Cryptocurrency Prices: 🥇 Bitcoin (BTC): $89,911 🥈 Ethereum (ETH): $3,107 🐬 XRP (XRP): $2.05 🥉 BNB (BNB): $890 🌚 Solana (SOL): $132 ▫️ Total crypto market cap: $3.07T ▫️ Bitcoin dominance: 59.17% ▫️ Fear & Greed Index: 22 (“extreme fear”) 📈 Top gainer in the top 100: Zcash (ZEC) +15% 📉 Top loser in the last 24h: Hyperliquid (HYPE) –7%

📰 Binance has fired an employee for insider misuse of information. On December 7, the staff member accessed internal details about an upcoming post from the official Binance Futures account on X and allegedly launched a token with matching name and branding just seconds before the post went live. Binance called the act an abuse of authority, suspended the employee, and stated it will refer the case to authorities. The exchange thanked users who reported the incident through the official channel and rewarded the first five informants with $100,000. According to surviving screenshots, the token in question was likely year of yellow fruit, whose branding matched the deleted post: “The year of the yellow fruit and harvest! Plant wisely. Harvest abundantly.” The token surged more than 6000% after the post appeared, then crashed. Interestingly, Binance’s announcement about the investigation triggered another sharp pump.

🔷 BlackRock has filed an application to launch a staking-enabled ETH ETF.

🐳 MicroStrategy acquired 10,624 BTC for roughly $962.7M at an average price of about $90,615 per bitcoin.

💸 Crypto-based investment funds recorded $716M in inflows last week.

🤩 Vitalik Buterin has proposed creating a gas futures market on the Ethereum network, allowing users to hedge against fee volatility as network activity grows. The solution could be implemented through a dedicated prediction-market mechanism.