Animoca Brands founder: optimistic about altcoins performing better than Bitcoin

[Do Kwon Claims Sentence for TerraUSD Collapse Fraud Case Should Not Exceed Five Years] Terraform Labs co-founder Do Kwon stated that his sentence for involvement in the 2022 $40 billion TerraUSD stablecoin collapse fraud case should not exceed five years. Kwon pleaded guilty to conspiracy and wire fraud charges in August, avoiding a trial. He was previously arrested in Montenegro and convicted for using a fake passport, then extradited to the United States.

[Binance Earn to Launch KERNEL Principal-Protected Earning Products] Binance Principal-Protected Earning Platform announces the launch of KernelDAO (KERNEL) flexible and fixed-term products. During the event period, eligible users subscribing to KERNEL flexible products can enjoy up to 10% tiered returns, while subscribing to KERNEL fixed-term products can enjoy up to 29.9% annualized returns.

[Nansen Data: 'Smart Money' inflows of $13.9 million into HYPE token over the past 30 days] Nansen data shows that the Hyperliquid platform has been highly active recently, with HIP-3 officially launched and on-chain 24-hour trading volume reaching $500 million. Currently, more than 100 decentralized applications are under development, and the platform's revenue has reached $94 million. Additionally, over the past 30 days, 'smart money' has invested an additional $13.9 million into the HYPE token. Hyperliquid previously introduced the 'HIP-3 Growth Model,' reducing fees by 90% to expand into new markets.

[Significant Price Surge of Solana Ecosystem Tokens on Upbit Platform] This morning, the Upbit platform detected approximately 54 billion KRW (around $36 million) worth of Solana network assets being transferred to an unknown external wallet. The affected assets include multiple Solana ecosystem tokens such as ORCA, DOOD, RAY, and LAYER. Upbit has suspended all deposits and withdrawals and is conducting a comprehensive system inspection. Currently, the prices of low-market-cap Solana project tokens on the platform have surged significantly, with ORCA rising by 92.51%, MET2 increasing by 94.41%, and RAY climbing by 51.07%.

After nearly three years of inactivity, a trader sold 200 bitcoins for a transaction amount of $18.35 million, locking in over $25 million in profits. （Cointelegraph）