Do Kwon pleads guilty to U.S. charges of conspiracy to defraud and wire fraud over the $40 billion collapse of TerraUSD and Luna. He faces up to 25 years in prison, though prosecutors recommend a sentence of 12 years if he accepts responsibility. Sentencing is set for December 11 .

Ethereum ETFs hit a new high, with over $1.019 billion in daily net inflows recorded on August 11, marking a Wall Street milestone for ETH .

Bullish, the parent company of CoinDesk, has priced its U.S. IPO at $37 per share, exceeding its target range and indicating strong investor demand .