TeraWulf's Q1 2026 Net Loss Surged to Over $427 Million, With AI Compute Revenue Beating Bitcoin Mining

Terraform Labs founder Do Kwon was sentenced to 15 years in prison for committing an "unusually serious" fraud that led to the collapse of UST and Luna. Judge Engelmayer compared Kwon to a cult leader who traded on victims' trust, impacting investors' lives.

Save the Children is utilizing cryptocurrency to accelerate aid delivery by launching a Bitcoin fund to hold donations for up to four years. The initiative aims to bypass traditional banking channels that often hinder aid efforts during crises.

Bitcoin Treasuries' report revealed that many Bitcoin-buying firms faced unrealized losses as the asset's price fluctuated, with some companies stacking more Bitcoin while others sold off. The report highlighted the impact of aggressive buying strategies by dedicated treasury companies, leading to mark-to-market pressure for some firms.

OSL Group and Anchorage Digital are collaborating to launch a new U.S. dollar stablecoin, USDGO, backed by liquid U.S. dollar assets and featuring compliance measures like KYC and AML protocols. The token will cater to cross-border payments and on-chain settlements, targeting enterprise users seeking a compliant digital asset solution.

Chainlink's Cross-Chain Interoperability Protocol (CCIP) has been chosen by Coinbase as the exclusive bridge for all Coinbase Wrapped Assets, connecting them to Chainlink oracle networks. This partnership covers tokens like cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, with a combined market value of $7 billion.

An organization allegedly involved in the kidnapping and murder of a man in Málaga was dismantled by Spanish Policía Nacional. The group attempted to steal cryptocurrency from the victims' digital wallets before the woman was released and contacted authorities.

Coinbase will discontinue USDC rewards for non-paying customers, reserving the 4% interest for premium subscribers. Only Coinbase One members will receive USDC yield beginning December 15.

Satsuma Technology sold nearly half of its bitcoin treasury, raising £40 million in net proceeds, to ensure liquidity for repaying convertible loan notes due in 2025. The company also announced board changes in preparation for an uplisting to the London Stock Exchange's main market.

Nexo has agreed to acquire Buenbit, a crypto investment platform in Argentina, to expand its presence in Latin America. The deal will enable Nexo to operate under Argentina's regulatory framework and access Buenbit's user base in Argentina and Peru.

DYdX Labs is introducing its first spot trading product, offering Solana spot markets globally, including the U.S. This move expands its roadmap and user base, aiming to attract new users by waiving trading fees in December. The team sees this as a step towards participating in the evolving U.S. regulatory environment.