FTX Files for Chapter 11 Bankruptcy: Includes FTX US, SBF Steps Down as CEO

Craig Wright was sentenced to one year in prison by a UK judge for contempt of court. The sentence is suspended for two years, meaning he will only serve time if he reoffends during that period.

The Human Rights Foundation (HRF) announced Bitcoin Development Fund grants totaling 7 BTC to 20 global projects.

Cango, a Shanghai-based NYSE-listed car dealership platform, invested $256 million to acquire 32 EH/s of Bitmain hashrate, shifting to Bitcoin mining and retaining 393 BTC it produced in November.

El Salvador finalized a four-year $1.4bn IMF deal strained by its Bitcoin adoption. It makes bitcoin use voluntary for the private sector, limits public sector bitcoin activities, and phases out government involvement in the Chivo wallet. It may also unlock extra $3.5bn in development bank funds.