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Do Kwon’s Guilty Plea: From Crypto King to Courtroom Confession Once the audacious face of Terraform Labs, Do Kwon now wears an orange jumpsuit in a stark federal courtroom — a far cry from the days he commanded billions in market value. The 33-year-old blockchain entrepreneur pleaded guilty to conspiracy and wire fraud tied to the $40 billion collapse of TerraUSD and Luna, in one of the most catastrophic failures in crypto history. The Deal That Shaves Time Off a Potential Life Sentence Facing up to 25 years in prison, Kwon struck a plea agreement that could see him walk free in 12 years — if he fully cooperates with prosecutors. As part of the deal, he will forfeit over $19 million and may owe additional restitution, far less than the staggering $4.55 billion settlement Terraform Labs reached with the SEC earlier this year, which included an $80 million personal fine and a lifetime crypto ban. How the $40 Billion House of Cards Fell Prosecutors allege that when TerraUSD lost its dollar peg in May 2021, Kwon misled the public by claiming the “Terra Protocol” had stabilized the coin. In reality, he had orchestrated a covert bailout — directing a high-frequency trading firm to inject millions into buy orders, artificially boosting the price and luring investors back into Luna. By 2022, the token’s market value ballooned to $50 billion before collapsing into ruin. Kwon admitted in court: > “I made false and misleading statements about why it regained its peg by failing to disclose a trading firm’s role in restoring that peg. What I did was wrong.” The Symbolism of Sentencing Kwon’s December sentencing could become a pivotal moment for crypto regulation, signaling that even the most influential DeFi players can be held accountable. #CryptoNews #DoKwon #TerraUSD #LunaCrash #CryptoFraud #Blockchain #DeFi #BitcoinNews
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🚀 Ethereum Smashes New Multiyear Highs! 🚀 $ETH surged nearly 6% today, hitting $4,457 — the highest since Dec 2021 — now less than $500 from ATH! 📈 The rally comes after BitMine Immersion Technologies revealed plans to raise up to $20B for ETH purchases, bringing their potential total ETH holdings to a massive $24.5B. Chairman Tom Lee is now drawing comparisons to Michael Saylor, as ETH price action continues "defying gravity." Meanwhile, Bitcoin remains rangebound below $120K despite cooler US CPI data. 💬 $ETH has surged more than 100% in less than two months. – @CryptoMichNL #Ethereum #ETH
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💎 XRP Bulls Eye Record High! 💎 XRP ($XRP) bounced from the 50% retracement level at $2.78 on Aug 3, gaining 8% last week. 📈 Now trading above $3.26, all eyes are on the $3.40 daily resistance. 🔥 If XRP closes above $3.40, the rally could push toward its all-time high of $3.66. 📊 RSI: 58 – bullish momentum building ⚖️ MACD: Lines converging — a bullish crossover could ignite a strong breakout! ⚠️ On the flip side, failure to break $3.40 may see a pullback toward the 50-day EMA at $2.88. Will XRP make history again? 👀 Please follow! #XRP #Ripple #XRPUSDT #CryptoNews
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🚀 #Ethereum Bulls Eye $4,488! 🚀 Ethereum ($ETH) smashed past the $4,000 psychological level this weekend, climbing 22% in just 7 days! 📈 At the time of writing, ETH trades above $4,300 with strong momentum. 💹 Bullish signals: RSI: 73 – above overbought territory but still pointing up 📊 MACD: Bullish crossover on Saturday ✅ If the rally continues, next target is the Dec 9, 2021 high at $4,488. ⚠️ But if a correction kicks in, $4,000 could act as strong support. Will ETH break the 2021 high this week? 👀 Please follow! #Ethereum #ETH #writetoearn
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🚀 #Cardano (#ADA) Price Update 🚀 ADA is holding strong at $0.795, staying above its 20-day SMA ($0.77) — a bullish sign that buyers are stepping up! 📈 📊 Key Levels to Watch: 🔼 Bullish: Break above $0.86 → next target $0.94 💥 🔽 Bearish: Drop below $0.77 → potential slide to $0.71 📉 Right now, ADA is at a make-or-break moment — bulls need to defend $0.77 to keep momentum alive! ⚡ #ADAUSDT #CardanoPricePrediction #Cardano
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