Headlines Worth Watching
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1. Do Kwon Pleads Guilty in $40B Crypto Collapse
Terraform Labs co-founder Do Kwon pleaded guilty today in a Manhattan federal court to charges of conspiracy and wire fraud tied to the stunning 2022 collapse of TerraUSD and Luna, which erased about $40 billion in value. The plea deal includes up to 12 years in prison, forfeiture of over $19 million in assets, and relinquishment of his stakes in related crypto entities. Sentencing is scheduled for December 11.
2. U.S. Takes Down BlackSuit Ransomware Gang, Seizes $1M in Crypto
U.S. law enforcement agencies dismantled the BlackSuit ransomware gang, seizing around $1 million worth of cryptocurrency. The gang had compromised over 450 victims across multiple sectors since 2022. Officials warn that such groups frequently re-emerge under new aliases.
3. Snorter Token Raises $2 Million in Presale
The new project Snorter Token ($SNORT) has raised $2 million during its presale, signaling early investor confidence. Marketed as a user-friendly, accessible crypto solution, it's aiming to drive innovation through simplicity.
4. Altcoins to Watch: GRT, PI, and DOT Poised for Growth
Three altcoins—The Graph (GRT), Pi Network (PI), and Polkadot (DOT)—are being highlighted for their potential to outperform in an upcoming crypto rally, based on unique blockchain fundamentals and adoption trends.
5. BlockDAG Presale Crushes Expectations with $371M Raised
In Ethereum news, the BlockDAG (BDAG) presale has accumulated an impressive $371 million as of August 12, 2025, marking it as one of today's fastest-growing crypto offerings.