Do Kwon’s Guilty Plea, Bezos Takes Crypto to Space, and a $1B Ethereum Splash

Crypto_Recap_Thumbnail_V2_9th_Aug_to_15th_Aug

Another week, another recap! Missed some news or unsure about the most important stories from the past week? Don’t worry, we’ve got you covered:

Do Kwon Finally Pleads Guilty to $40 Billion Fraud, Faces Just 12 Years in Prison.
The man behind the Terra-Luna collapse has finally pleaded guilty. Despite the $40B crash, he may serve only 12 years.

Banking Groups Call on Congress to Rectify GENIUS Act Loophole.
U.S. banking leaders say the GENIUS Act, which banned CBDCs, has legal gaps that could create risks without better rules.

Jeff Bezos’s Blue Origin Pioneers Crypto Payments for Spaceflights.
Blue Origin now accepts crypto for space trips, making it one of the first major space firms to go all-in on digital assets.

Anonymous Entity Pours Nearly $1 Billion into Ethereum During Price Spike.
A mystery investor bought nearly $1B worth of ETH as prices surged, stirring market excitement and speculation.

Ethereum Genesis Wallet Moves $10M as Price Breaks Out.
A dormant Ethereum wallet from the early days just moved $10M for the first time, raising questions about long-term holders.

This week blends big moves and bold headlines. From a long-awaited guilty plea in crypto’s biggest collapse to Ethereum whales waking up and Bezos opening space to digital money. Crypto continues to move fast both on Earth and beyond.

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Mohamed Hussein

With a BA in Journalism and over 11 years of experience in Arabic and English media, I bring a newsroom mindset to the fast-paced world of crypto content. From breaking news to in-depth features, I’ve worked across leading platforms. Today, as a content writer in the Web3 space, I aim to make complex topics like blockchain, crypto, and digital innovation accessible to a wider audience, without compromising clarity or credibility.

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