KEY CRYPTO HEADLINES TODAY
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1. Do Kwon to Plead Guilty in Terra Collapse
Do Kwon, co-founder of Terraform Labs (behind TerraUSD and Luna), is now expected to plead guilty to fraud charges in the U.S. This is a significant update in the high-profile case linked to the 2022 collapse that resulted in approximately $40 billion in losses. A hearing is scheduled in Manhattan federal court.
2. Bitcoin’s Rally Driven by U.S. Policy & Institutional Support
Bitcoin is experiencing a strong surge, recently breaking past $120,000—a roughly 3% monthly gain. The rally appears fueled by a presidential executive order encouraging alternative assets in retirement accounts and strong institutional backing. Analysts see potential targets up to $130K–$134K if momentum holds.
3. Massive Crypto ETP Inflows, Led by Ether
Crypto ETPs (Exchange-Traded Products) attracted a whopping $572 million in inflows last week. Notably, Ethereum-related products led the influx with nearly $270 million, signaling strong investor interest in ETH-based instruments.
4. Ethereum Price Poised for Further Upside
Ethereum just broke above the crucial $4,000 mark, supported by bullish technical indicators like MACD crossovers and its 50-week moving average. Analysts suggest a potential climb toward $5,000 may be next.
5. Profit-Taking Activity Surges Among Ethereum Holders
Short-term ETH holders are increasingly selling their holdings to lock in gains from recent price run-ups.