Do Kwon pleads guilty to defrauding crypto investors in $40 billion Terra collapse
Do Kwon admitted guilt in defrauding investors during Terra’s $40B collapse; LUNA and UST crashed in May 2022.
Do Kwon pleads guilty in $40B Terra Luna collapse case
Do Kwon pleads guilty in Terra Luna collapse involving $40B loss, impacting LUNA and UST tokens, with SEC investigating the 2022 incident.
Stablecoin regulations diverge globally, impacting USDT and USDC adoption in 2023
Stablecoin regulations vary globally, with USDT and USDC facing divergent policies. In 2023, stablecoin transactions exceeded $7 trillion, highlighting their market significance.
Trump weighs lawsuit against Powell as Fed holds rates at 5.5%
Donald Trump considers legal action against Fed Chair Jerome Powell as rate-cut debates intensify; inflation hits 3.2%, S&P 500 reacts.
Patrick Witt named Trump’s crypto adviser as Bitcoin gains 15% in 2024
Patrick Witt, Trump’s new crypto adviser, previously led the Student Loan Marketing Association. Bitcoin surged 15% post-announcement. Witt advises on blockchain policy with Coinbase and Ripple.
Bithumb enforces 80% crypto loan reduction for BTC and ETH traders
Bithumb reduced crypto loan limits by 80%, affecting BTC and ETH traders. The exchange handles $1.2B daily volume amid tightening regulations.
Fenwick and West law firm sued over alleged role in FTX’s multibillion-dollar theft
Fenwick and West faces lawsuit for aiding FTX in $8B fraud case, filed March 2023, alongside ex-CEO Sam Bankman-Fried.
T3 Financial Crime Unit freezes $250M in assets with Binance joining T3+ program
T3 Financial Crime Unit launched T3+ with Binance as first member, freezing over $250M in assets. The program targets global financial crime collaboration.
FTX investors sue Sullivan & Cromwell over 2022 exchange collapse fraud
FTX investors sued Sullivan & Cromwell, alleging the law firm enabled fraud; FTX collapsed in 2022 with $8 billion in missing client funds.
SEC targets clear crypto regulations post-Ripple case by 2024
SEC plans clearer crypto regulations post-Ripple case, says Paul Atkins. XRP rose 5% post-ruling. Bitcoin and Ethereum await regulatory clarity by 2024.
