Sonnet BioTherapeutics Holdings has made headlines in the crypto space, as the firm earlier announced that it had merged with Hyperliquid Strategies Inc. to establish a digital asset treasury for the HYPE crypto. According to the announcement, the treasury will hold $888 million. This makes it one of the largest crypto initiatives in recent times. The latest report also disclosed that roughly 65% of the treasury will be allocated in HYPE tokens, and approximately 35% will be committed in United States dollars. More Corporate Crypto Treasury Strategies Despite the continuous downtrend in the broader crypto market, the latest development reflects the firm’s commitment to digital assets while still reserving a portion of USD for stability. The recent move underscores the growing trend of non-financial entities exploring crypto as a core part of their corporate treasury strategies. The initiative is no longer new in the crypto space. While tech and financial companies earlier adopted this move, Sonnet BioTherapeutics Holdings shows that its sector wouldn’t be left out. Firms in the biotech and healthcare sectors are starting to explore the value in crypto assets. Although Nasdaq-listed healthcare tech firm Semler Scientific (SMLR) has already begun exploring digital assets. The decision to create the treasury received strong shareholder backing. After the shareholders voted, the proposal was officially approved. With this latest approval, the firm can plan how to manage and grow its digital asset reserve. Hyperliquid Strategies to Manage Sonnet’s HYPE Treasury Hyperliquid Strategies Inc., the partner in the latest development, known for offering crypto-focused guidelines and asset management services. They will help the biotech company in managing the HYPE treasury. Hyperliquid will also assist the firm in navigating market swings and risks often associated with crypto assets. By committing a significant portion of the treasury to HYPE tokens, Sonnet BioTherapeutics sees potential in the token. It shows strong confidence in the asset while keeping a notable portion in the United States dollars. The move will likely catch the eye of several investors. It shows that more companies are starting to blend regular finance with digital assets. Meanwhile, following the announcement, HYPE token traded at $33.9. It represents an 8.8% increase in the last 24 hours, according to data from CoinGecko. The post Sonnet Bio Merges With Hyperliquid, Creates $888M HYPE Treasury appeared first on CoinTab News.Sonnet BioTherapeutics Holdings has made headlines in the crypto space, as the firm earlier announced that it had merged with Hyperliquid Strategies Inc. to establish a digital asset treasury for the HYPE crypto. According to the announcement, the treasury will hold $888 million. This makes it one of the largest crypto initiatives in recent times. The latest report also disclosed that roughly 65% of the treasury will be allocated in HYPE tokens, and approximately 35% will be committed in United States dollars. More Corporate Crypto Treasury Strategies Despite the continuous downtrend in the broader crypto market, the latest development reflects the firm’s commitment to digital assets while still reserving a portion of USD for stability. The recent move underscores the growing trend of non-financial entities exploring crypto as a core part of their corporate treasury strategies. The initiative is no longer new in the crypto space. While tech and financial companies earlier adopted this move, Sonnet BioTherapeutics Holdings shows that its sector wouldn’t be left out. Firms in the biotech and healthcare sectors are starting to explore the value in crypto assets. Although Nasdaq-listed healthcare tech firm Semler Scientific (SMLR) has already begun exploring digital assets. The decision to create the treasury received strong shareholder backing. After the shareholders voted, the proposal was officially approved. With this latest approval, the firm can plan how to manage and grow its digital asset reserve. Hyperliquid Strategies to Manage Sonnet’s HYPE Treasury Hyperliquid Strategies Inc., the partner in the latest development, known for offering crypto-focused guidelines and asset management services. They will help the biotech company in managing the HYPE treasury. Hyperliquid will also assist the firm in navigating market swings and risks often associated with crypto assets. By committing a significant portion of the treasury to HYPE tokens, Sonnet BioTherapeutics sees potential in the token. It shows strong confidence in the asset while keeping a notable portion in the United States dollars. The move will likely catch the eye of several investors. It shows that more companies are starting to blend regular finance with digital assets. Meanwhile, following the announcement, HYPE token traded at $33.9. It represents an 8.8% increase in the last 24 hours, according to data from CoinGecko. The post Sonnet Bio Merges With Hyperliquid, Creates $888M HYPE Treasury appeared first on CoinTab News.

        Highlights:  US prosecutors requested a 12-year prison sentence for Do Kwon after the Terra collapse. Terraform’s $40 billion downfall caused huge losses and sparked a long downturn in crypto markets.  Do Kwon will face sentencing on December 11 and must give up $19 million in earnings.   US prosecutors have asked a judge to give Do Kwon, Terraform Labs co-founder, a 12-year prison sentence for his role in the remarkable $40 billion collapse of the Terra and Luna tokens. The request also seeks to finalize taking away Kwon’s criminal earnings.  The court filing came in New York’s Southern District on Thursday. This is about four months after Kwon admitted guilt on two charges: wire fraud and conspiracy to defraud. Prosecutors said Kwon caused more losses than Samuel Bankman-Fried, Alexander Mashinsky, and Karl Sebastian Greenwood combined.  U.S. prosecutors have asked a New York federal judge to sentence Terraform Labs co-founder Do Kwon to 12 years in prison, calling his role in the 2022 TerraUSD collapse a “colossal” fraud that triggered broader crypto-market failures, including the downfall of FTX. Sentencing is… — Wu Blockchain (@WuBlockchain) December 5, 2025  Terraform Collapse Shakes Crypto Market Authorities explained that Terraform’s collapse affected the entire crypto market. They said it helped trigger what is now called the ‘Crypto Winter.’ The filing stressed that Kwon’s conduct harmed many investors and the broader crypto world. On Thursday, prosecutors said Kwon must give up just over $19 million. They added that they will not ask for any additional restitution. They said: “The cost and time associated with calculating each investor-victim’s loss, determining whether the victim has already been compensated through the pending bankruptcy, and then paying out a percentage of the victim’s losses, will delay payment and diminish the amount of money ultimately paid to victims.” Authorities will sentence Do Kwon on December 11. They charged him in March 2023 with multiple crimes, including securities fraud, market manipulation, money laundering, and wire fraud. All connections are tied to his role at Terraform. After Terra fell in 2022, authorities lost track of Kwon until they arrested him in Montenegro on unrelated charges and sent him to the U.S. Do Kwon’s Legal Case and Sentencing In April last year, a jury ruled that both Terraform and Kwon committed civil fraud. They found the company and its co-founder misled investors about how the business operated and its finances. Jay Clayton, U.S. Attorney for the Southern District of New York, submitted the sentencing request in November.  TERRA STATEMENT: “We are very disappointed with the verdict, which we do not believe is supported by the evidence. We continue to maintain that the SEC does not have the legal authority to bring this case at all, and we are carefully weighing our options and next steps.” — Zack Guzmán  (@zGuz) April 5, 2024  The news of Kwon’s sentencing caused Terraform’s token, LUNA, to jump over 40% in one day, from $0.07 to $0.10. Still, this rise remains small compared to its all-time high of more than $19, which the ecosystem reached before collapsing in May 2022. In a November court filing, Do Kwon’s lawyers asked for a maximum five-year sentence. They argued for a shorter term partly because he could face up to 40 years in prison in South Korea, where prosecutors are also pursuing a case against him. The legal team added that even if Kwon serves time in the U.S., he would not be released freely. He would be moved from prison to an immigration detention center and then sent to Seoul to face pretrial detention for his South Korea charges.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.