According to Odaily Planet Daily, Do Kwon, co-founder of Terraform Labs, stated that his sentence in the United States for his involvement in a fraud case related to the approximately $40 billion TerraUSD stablecoin collapse in 2022 should not exceed five years.
Kwon pleaded guilty to conspiracy and wire fraud charges in August, thus avoiding trial. He was arrested and convicted last year in Montenegro for using a fake passport and was subsequently extradited to the United States as a fugitive from South Korea. (Bloomberg)
According to Odaily Planet Daily, following the Upbit hack, several Solana chain tokens on the Upbit platform experienced a short-term surge, with Orca rising by 104%, io.net by 74%, and Meteora by 62%.
Previous report: Upbit suspended deposits and withdrawals due to the theft of $36.8 million worth of Solana network assets.
According to an analysis by Beosin Trace, Odaily reports that Upbit has experienced an unusual outflow of approximately $36 million in crypto assets from the Solana network, and the funds have begun to be transferred across addresses.
Among them, Binance exchange user address 2zRELfpr2K…C2S8 received 2202.72 SOL tokens, worth approximately $315,000, from multiple transit addresses after the incident.
According to an official announcement, Bithumb will list the IRYS Korean Won pair. (Odaily Planet Daily)
According to OnchainLens monitoring, a whale used a total of $3.27 million USDC and USDT to buy 4.68 million SPX tokens at an average price of $0.697 over the past two days.
On November 27th, Odaily Planet Daily reported that Justin Sun, founder of TRON, attended a media briefing at the Peninsula Hotel in Hong Kong titled "Truth Unveiled, Justice Revealed – Progress of Global Judicial Pursuit Regarding TUSD Reserve Assets." He disclosed key facts and preliminary results regarding the illegal misappropriation and embezzlement of TUSD reserves, drawing significant attention from the fintech and blockchain industries. Sun expressed his sincere gratitude to the Dubai International Financial Centre Court (DIFC Court) and its Digital Economy Tribunal for their fair and decisive ruling. He stated that they are currently actively tracing the whereabouts of the missing funds globally, with the goal of fully recovering the funds and demanding the return of the corresponding reserve assets from any perpetrators.
According to the latest judicial documents, the DIFC Courts issued an indefinite global asset freeze order against Aria Commodities DMCC on October 17, involving a total of $456 million. The court stated that the funds in question "involve material matters requiring trial," including forgery of authorizations, breach of fiduciary duties, illegal transfer of reserves, and cross-border money laundering. All relevant individuals and entities are required to fully disclose the flow of funds or face severe legal consequences.
According to OnchainLens monitoring, a whale recently withdrew 49,165 SOL tokens (approximately $7 million) from OKX and transferred them all to staking.
Since August 22, 2025, this address has pledged a total of 761,405 SOL tokens (worth approximately $117.97 million at the time of pledging). Based on current market prices, this SOL is worth approximately $109.48 million, representing a paper loss of approximately $8.45 million.
Odaily Planet Daily reports that Binance Alpha has announced the listing of GaiAi (GAIX) on November 29th. After trading begins, eligible users can visit the Alpha event page to claim the GAIX airdrop using Binance Alpha Points. More details will be announced later; users can follow Binance's official channels for the latest information.
Odaily Planet Daily reports that Visa (VN) has partnered with AquaNow to enable faster settlements using stablecoins. (Jinshi)
Odaily Planet Daily reports that the Yuhua District Procuratorate in Changsha disclosed a case involving a "foreign investment scam" using virtual currency, with all 11 defendants convicted. The case revealed that in March 2024, Liu and Li set up a well-organized online fraud den in a small apartment in Yuhua District, posing as "financially savvy women" to lure foreign men to invest in virtual currencies on fake websites. The gang created the illusion of profit by making small withdrawals, then shut down the withdrawal function to "harvest" the funds, with the total amount involved reaching approximately 340,000 yuan. (Changsha Evening News)
According to a recent market memo from QCP Asia, Bitcoin is currently holding steady in the high $80,000 range, driven by improved risk sentiment and an upward revision of the probability of a December rate cut to 85%. However, macroeconomic signals remain mixed: inflation remains high, employment data is weak, and this week will still see key data releases such as initial jobless claims and ADP.
QCP noted that AI-related credit metrics weakened, CDS expanded, and market concerns intensified regarding Nvidia's rising accounts receivable and inventory levels. Cryptocurrency flows were also bearish, with ETFs experiencing continued net outflows, and most products trading below 1 mNAV. Strategy has once again attracted market attention due to its Bitcoin holdings nearing cost price and its stock being placed on MSCI's watch list.
Looking ahead to the end of the year, BTC positions exhibit a structure of "heavy hedging on the downside and limited buying on the upside": significant pressure is seen around $90,000, while the $80,000-$82,000 range is a key support level. QCP inquired whether the current temporary stability can be sustained, or whether a new market trend is brewing.
According to Lookonchain monitoring, address 1CA98y has become active again after nearly three years, having just sold 200 BTC, cashing out approximately $18.35 million.
The address was initially used to withdraw 400 BTC from OKX on April 1, 2023 (worth $11.37 million at the time, approximately $28,432).
Based on the current sales figures, the address has accumulated profits exceeding $25 million (+223%).
According to an official announcement, Binance Alpha will list SUPERFORTUNE (GUA) on November 27, 2025 at 16:00 (UTC+8).
Once trading begins, users holding at least 256 Binance Alpha Points can claim a 750 GUA airdrop on a first-come, first-served basis. If the event continues, the points threshold will automatically decrease by 5 points every five minutes.
Please note that claiming the airdrop will consume 15 Binance Alpha Points, and users must confirm their claim on the Alpha event page within 24 hours, otherwise it will be considered a forfeit.
Odaily reports that Binance Alpha 2.0 has announced the completion of the Alt.town (TOWN) contract swap, with the old and new tokens being replaced at a 1:1 ratio, and the new TOWN token deposit service has been opened simultaneously.
In addition, TOWN officially opened for trading on Binance Alpha 2.0 on November 27, 2025 at 14:00 (UTC+8).
According to Adam's statistics, of the 76,021 wallets that received the Monad airdrop, 39,796 wallets (52.4%) have sold or transferred all their tokens; 27,133 wallets (35.7%) remain fully invested; 5,728 wallets (7.5%) have sold/transferred more than 50% of their tokens; and 3,364 wallets (4.4%) have sold/transferred less than 50%. Overall, the data shows that "cash-out" investors dominate among airdrop recipients, with long-term holders accounting for less than 40%.
Odaily Planet Daily reports that Nexton Solutions, a native AI restaking and arbitrage execution protocol, has completed a $4 million strategic funding round led by Danal, with participation from Amber Group, Value Systems, Metalabs Ventures, Vista Labs, Outlier Ventures, Kaia Foundation, TON Foundation, STON.fi, PayProtocol, and others.
Nexton is building a unified AI execution layer, including the Nexton-ai cross-DEX/CEX arbitrage routing engine and the Nexton-re automatic restaking module, and providing full-chain yield services through the native Telegram environment. The platform currently has a TVL exceeding $3 million, approximately 60,000 monthly active users, and annualized returns for its AI strategies range from 70% to 90%. (Chainwire)
