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Crime · New YorkDo Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded guilty on Tuesday to two U.S. charges of conspiracy to defraud and wire fraud.See the Story
Do Kwon pleads guilty to US fraud charges in $40 billion crypto collapse
43% Center coverage: 28 sources
Finance · United StatesUSDC issuer Circle plans to launch a new layer 1 blockchain called Arc, with the public testnet expected to go live this fall and the mainnet beta set for a 2026 rollout. Arc is designed to be an enterprise-grade platform focused on stablecoin payments, foreign exchange, and capital markets applications. It will be Ethereum Virtual Machine (EVM)-compatible, allowing easy integration with Ethereum-based applications, and use USDC as its native ga…See the Story
Circle to Launch Layer 1 Blockchain ‘Arc’
100% Center coverage: 1 sources
Stock Markets · United StatesNasdaq-listed Safety Shot (SHOT) has taken a 10% revenue stake in Bonk.fun, among the largest memecoin launchpads on Solana. As part of a deal, Safety Shot will receive $25 million worth of BONK (BONK) for its treasury, aligning the public company directly with the platform’s growth.Bonk.fun generated over $35 million in user fees in July, eclipsing rival Pump.fun to become the month’s highest-earning memecoin launchpad, according to DeFiLlama. …See the Story
Bonk News: Solana Memecoin BONK Gets a $25M Corporate Treasury Boost
100% Center coverage: 1 sources
