Highlights: N3XT offers nonstop blockchain settlement that supports programmable payments. The bank uses a fully reserved model to reduce liquidity risks and provide daily disclosures for clients. Signature Bank leaders have launched N3XT as Europe advances a unified euro stablecoin plan. Former Signature Bank executives launched N3XT with a plan to offer nonstop settlement on a private blockchain. The institution announced that it will allow instant transfers at any hour. The team built the platform to support smart contracts and programmable payments. It also works with stablecoins, utility tokens, and other digital assets. This design targets firms that depend on continuous settlement. Former Signature Bank Founder Launches N3XT Former Signature Bank founder Scott Shay has launched @N3XTinc, a Wyoming-chartered blockchain bank offering instant 24/7 payments on a private ledger, according to @Cointelegraph. N3XT supports programmable payments, is interoperable… pic.twitter.com/AUi4JQd8Hl — ME (@MetaEraHK) December 5, 2025 N3XT will run under Wyoming’s Special Purpose Depository Institution charter. This framework supports fully reserved banks that custody digital assets. Founder Scott Shay leads the effort after his experience with Signature’s rise and fall. Signature collapsed after sharp outflows hit several crypto-linked banks. Regulators linked the failure to concentration risks and heavy pressure from large uninsured deposits. The new bank wants a stronger foundation for digital asset clients. The team says instant settlement can reduce friction across many industries. The private blockchain also gives the institution more control over transaction speed. N3XT plans to attract firms that value predictable settlement cycles. The bank says demand for faster transfers continues to grow in the crypto sector. Signature Bank Leaders Launch Bank with a Fully Reserved Banking Model The founders shaped N3XT around lessons from the banking turmoil two years ago. Signature faced a rapid run during that period as market confidence weakened. A variety of digital asset companies urgently sought established banking partners. N3XT seeks to fill these loopholes by strictly following a one-to-one reserve structure. The bank will guarantee all deposits using cash or short-term Treasurys. The institution also provides disclosures of daily reserves in a bid to build trust. This approach supports clients who operate around the clock. CEO Jeffrey Wallis said the team wants money to move as easily as information. He described the model as a bridge between banking and crypto innovation. Wallis also stressed the need for simple, fast, and programmable transfers. The bank will not offer lending. The founders believe this step lowers exposure to liquidity shocks. Many of Signature’s challenges stemmed from deposit volatility. N3XT wants to avoid similar strains with a narrow and transparent model. The team hopes this structure will reduce uncertainty for its users. Several firms have already joined the onboarding process. N3XT says clients span crypto, foreign exchange, shipping, and logistics. These industries depend on nonstop settlement and often struggle with delays. Venture investors also support the project. Winklevoss Capital, Paradigm, and HACK VC backed N3XT through three funding rounds. HACK VC co-founder Alexander Pack praised the founders’ return to the market. He said N3XT reflects their commitment to rebuilding stronger systems. I'm incredibly excited to support N3XT in their mission to make crypto banking happen in the US again. N3XT's founders, Scott and Jeff, are forces of nature: they previously built Signature Bank, the biggest and best bank to support the US crypto industry in a regulated way,… https://t.co/27NPCCL8jc — Alexander Pack (@alpackaP) December 4, 2025 Europe Moves Toward a Unified Euro Stablecoin Under New Consortium European banks have also advanced digital payments this year. A consortium of ten large lenders announced plans to introduce a euro stablecoin by mid-2026. The team formed Qivalis in Amsterdam to lead development and licensing. The stablecoin shall be subjected to MiCA regulations prior to market introduction. Euro stablecoins have a minor presence today. The world of digital payments is still dominated by dollar-pegged tokens. The consortium believes that a common instrument will enhance the European standpoint. The team consists of long-time payment and regulation leaders. The group also submitted an electronic money license request to the Dutch Central Bank. 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. Highlights: N3XT offers nonstop blockchain settlement that supports programmable payments. The bank uses a fully reserved model to reduce liquidity risks and provide daily disclosures for clients. Signature Bank leaders have launched N3XT as Europe advances a unified euro stablecoin plan. Former Signature Bank executives launched N3XT with a plan to offer nonstop settlement on a private blockchain. The institution announced that it will allow instant transfers at any hour. The team built the platform to support smart contracts and programmable payments. It also works with stablecoins, utility tokens, and other digital assets. This design targets firms that depend on continuous settlement. Former Signature Bank Founder Launches N3XT Former Signature Bank founder Scott Shay has launched @N3XTinc, a Wyoming-chartered blockchain bank offering instant 24/7 payments on a private ledger, according to @Cointelegraph. N3XT supports programmable payments, is interoperable… pic.twitter.com/AUi4JQd8Hl — ME (@MetaEraHK) December 5, 2025 N3XT will run under Wyoming’s Special Purpose Depository Institution charter. This framework supports fully reserved banks that custody digital assets. Founder Scott Shay leads the effort after his experience with Signature’s rise and fall. Signature collapsed after sharp outflows hit several crypto-linked banks. Regulators linked the failure to concentration risks and heavy pressure from large uninsured deposits. The new bank wants a stronger foundation for digital asset clients. The team says instant settlement can reduce friction across many industries. The private blockchain also gives the institution more control over transaction speed. N3XT plans to attract firms that value predictable settlement cycles. The bank says demand for faster transfers continues to grow in the crypto sector. Signature Bank Leaders Launch Bank with a Fully Reserved Banking Model The founders shaped N3XT around lessons from the banking turmoil two years ago. Signature faced a rapid run during that period as market confidence weakened. A variety of digital asset companies urgently sought established banking partners. N3XT seeks to fill these loopholes by strictly following a one-to-one reserve structure. The bank will guarantee all deposits using cash or short-term Treasurys. The institution also provides disclosures of daily reserves in a bid to build trust. This approach supports clients who operate around the clock. CEO Jeffrey Wallis said the team wants money to move as easily as information. He described the model as a bridge between banking and crypto innovation. Wallis also stressed the need for simple, fast, and programmable transfers. The bank will not offer lending. The founders believe this step lowers exposure to liquidity shocks. Many of Signature’s challenges stemmed from deposit volatility. N3XT wants to avoid similar strains with a narrow and transparent model. The team hopes this structure will reduce uncertainty for its users. Several firms have already joined the onboarding process. N3XT says clients span crypto, foreign exchange, shipping, and logistics. These industries depend on nonstop settlement and often struggle with delays. Venture investors also support the project. Winklevoss Capital, Paradigm, and HACK VC backed N3XT through three funding rounds. HACK VC co-founder Alexander Pack praised the founders’ return to the market. He said N3XT reflects their commitment to rebuilding stronger systems. I'm incredibly excited to support N3XT in their mission to make crypto banking happen in the US again. N3XT's founders, Scott and Jeff, are forces of nature: they previously built Signature Bank, the biggest and best bank to support the US crypto industry in a regulated way,… https://t.co/27NPCCL8jc — Alexander Pack (@alpackaP) December 4, 2025 Europe Moves Toward a Unified Euro Stablecoin Under New Consortium European banks have also advanced digital payments this year. A consortium of ten large lenders announced plans to introduce a euro stablecoin by mid-2026. The team formed Qivalis in Amsterdam to lead development and licensing. The stablecoin shall be subjected to MiCA regulations prior to market introduction. Euro stablecoins have a minor presence today. The world of digital payments is still dominated by dollar-pegged tokens. The consortium believes that a common instrument will enhance the European standpoint. The team consists of long-time payment and regulation leaders. The group also submitted an electronic money license request to the Dutch Central Bank. 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.

        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.