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Share link:In this post: Do Kwon pleaded guilty in Manhattan to two counts of fraud over the $40 billion TerraUSD and Luna collapse. He agreed to forfeit over $19 million and faces up to 25 years in prison, with prosecutors seeking no more than 12 years. Prosecutors said Terraform products failed as promised, and the crash fueled the 2022 crypto winter.
Share link:In this post: Steven Miran and James Bullard both said Trump’s tariffs are not causing inflation. Miran has been nominated to fill a vacant Fed board seat after Adriana Kugler’s resignation. Bullard is a contender to replace Jerome Powell as Fed chair next year and expects rate cuts starting in September.
Share link:In this post: Genius Group plans a secondary stock listing in Asia, with South Korea as the top choice. The move aims to boost liquidity, enable fairer pricing, and allow near 24-hour trading. Other possible listing locations include Australia, Malaysia, Thailand, Hong Kong, and Japan.
Share link:In this post: Fenwick & West, a prominent Silicon Valley law firm, is being sued for allegedly aiding in FTX’s fraud. The case is part of a broader investigation into the practices of FTX and its affiliates, with multiple parties seeking accountability. Another lawsuit targeted Sullivan & Cromwell last year, which billed $8.5 million in fees while serving as primary counsel during the 16 months preceding FTX’s collapse.
Share link:In this post: Belarusian central bank drafts rules permitting crypto payments. Governor Golovchenko makes an announcement after meeting with Lukashenko. Minsk faces sanctions of the kind that convinced Moscow to start using cryptocurrencies.
Share link:In this post: The S&P 500 closed at a record 6,445.76, and the Nasdaq hit 21,681.90 after July inflation came in softer than expected. July CPI rose 2.7% annually, below the 2.8% forecast, while core CPI increased 3.1%. Traders now see a 94% chance of a September Fed rate cut, with more cuts likely in October and December.
$BIO is skyrocketing, what should we be watching for?
Bitcoin Cash holds firm amid market sell-off, with a key liquidity zone at $603 potentially triggering more upside.
- 08:21Spanish listed company Vanadi Coffee increases its holdings by 2 bitcoins, bringing the total to 111 bitcoins.Jinse Finance reported, citing market sources: Spanish listed company Vanadi Coffee has purchased an additional 2 bitcoins, bringing the company's total bitcoin holdings to 111.
- 07:58Hong Kong-listed company Moon raises approximately $8.8 million, plans to launch Bitcoin prepaid cards in Thailand and South KoreaJinse Finance reported that Hong Kong-listed company Moon Inc. (exchange code: 1723) has raised approximately $8.8 million, planning to launch bitcoin prepaid cards in Thailand and South Korea, with intentions to expand across Asia. This round of financing is supported by several bitcoin miners and investors through the issuance of new shares and convertible bonds. According to documents submitted to the Hong Kong Stock Exchange, the funds raised will be used to support Moon Inc.'s pan-Asian expansion plan, starting with Thailand and South Korea, while simultaneously launching bitcoin-supported prepaid cards. These prepaid cards allow users to purchase, store, and transfer bitcoin without the need for complicated traditional wallet setups, combining Moon Inc.'s expertise in prepaid telecommunications with innovative digital asset features.
- 07:26400 million USDT transferred from a certain exchange to AaveAccording to Jinse Finance, Whale Alert has monitored that 400 million USDT (worth 400.14809 million USD) were transferred from an exchange to Aave (a decentralized lending platform).