In recent crypto news, Do Kwon, co-founder of Terraform Labs, pleaded not guilty to multiple charges including securities fraud, wire fraud, and money laundering in a U.S. court shortly after being extradited. His status conference is set for Jan. 8. In other developments, Binance received its 21st global regulatory approval from Brazil's central bank, making it the first crypto exchange in Brazil to hold a broker-dealer license. This approval will enable Binance to acquire the investment platform Sim;paul, enhancing its presence in Latin America. Additionally, a memecoin trader profited dramatically, turning a $66 investment into over $3 million. The trader purchased Kekius Maximus tokens, which surged in value after Elon Musk briefly changed his X profile name to the meme-inspired title. The memecoin's market cap peaked at $380 million, showcasing the volatility and potential for profit in the memecoin sector.

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