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A Podgorica court has announced that Do Kwon will be extradited to the US, where he is wanted for financial crimes.
Earlier, his partner Han Chang-joon was extradited to South Korea.

Backpack Exchange has announced that it will operate in 11 US states including California, Colorado, Indiana, Missouri, Wyoming, etc.

Backpack is co-founded by former FTX General Counsel Kang Sun and Armani Ferrante, who worked at Alameda Research.

Wormhole has announced a partnership with processor manufacturer AMD.

As part of the partnership, AMD will provide its AMD FPGA hardware gas pedals to Wormhole.
The hardware will help ensure scalability of the protocol. Wormhole and AMD will also release lightweight ZK proof-of-concept clients that will facilitate cross-chain interoperability.

The Office of Foreign Assets Control (OFAC) has identified two participants involved in the distribution of ransomware LockBit. They turned out to be Artur Sungatov and Ivan Kondratyev.
OFAC also added 10 cryptocurrency wallets to the sanctions list. According to Arkham, some of the addresses were sending money to KuCoin, Coinspaid and Binance.

Earlier this week, the Department of Justice, Europol and law enforcement agencies from multiple other countries gained control of LockBit’s infrastructure as part of Operation Cronos.

Authorities also froze 200 wallets associated with LockBit.

The group’s activities led to the theft of $120 million from more than 2,000 victims.

Law enforcement officials said they will distribute decryption keys to victims so they can regain access to their devices.

Former MicroStrategy CEO Michael Saylor said he has no plans to sell bitcoin.

“There is no reason to sell the winner and buy the losers,” he noted.

Bitcoin competes with gold, the S&P 500 and real estate, which have much higher market capitalizations, he said.

He suggests that capital will gradually flow from these assets to bitcoin, and the emergence of spot ETFs will only accelerate this process.

Circle has announced that it will discontinue support for USDC on the Tron network. Starting today, USDC will no longer be mined on Tron.

Users can transfer their USDC in Tron to exchanges or other blockchains.

Institutional clients must redeem their USDC in Tron or transfer them to other networks by February 2025.

MetaMask has integrated a service to notify users of potentially malicious transactions. Blockaid helped develop the solution.
The alerts will work on the Ethereum, Linea, BNB Chain, Polygon, Arbitrum, Optimism and Avalanche networks.

The Human Institute, in collaboration with Polygon and Animoca Brands, has announced a palm-based identity protocol called Humanity Protocol.
Humanity Protocol offers an alternative to existing methods of biometric human verification.
Specifically, it identifies data using the human palm and utilizes ZK evidence to ensure privacy.

According to Bloomberg, the U.K. government plans to approve regulatory rules for stackablecoin and digital asset stacking in the next six months.

Treasury Secretary Bim Afolami said.

According to NFTgators, eBay has laid off more than 30% of its Web3 team. Specifically, Web3 business director Steph Jay has resigned.
In 2022, eBay acquired NFT platform KnownOrigin, but the relationship also deteriorated. KnownOrigin co-founder David Moore was fired.

To date, the company has suspended all digital art initiatives.