Get a snapshot of today’s biggest news in the cryptocurrency world. From legal developments to innovative blockchain launches, here’s a rundown on how Terraform Labs’ co-founder Do Kwon has plead guilty to wire fraud and conspiracy charges. Meanwhile, Circle’s launch of its new layer-1 blockchain Arc promises enhanced features for stablecoin finance. Also noteworthy, Ethereum developer Federico Carrone has been released after detention in Turkey related to alleged connections with an Ethereum privacy protocol. Carrone clarified that his research focused on mixer technology and was not linked to illegal activities. Key highlights include: Do Kwon’s guilty plea to wire fraud and conspiracy charges will result in a $19 million penalty, Circle introduces Arc, a blockchain focused on stablecoin applications and fast settlement. Developer Federico Carrone has been released after detention on alleged connections with Ethereum privacy protocols. These events highlight shifts in crypto regulation, adoption, and infrastructure development, impacting prices, DeFi projects, NFTs, and the wider Web3 landscape.