Do Kwon Case: Prosecutors Set Condition for Korean Trial

Coinspeaker19:06

These Bleak Victim Letters Helped Seal Terra Founder Do Kwon's Fate

DecryptDec 13 05:35

Analyst Who Nailed 2021 Market Collapse Reveals New Bitcoin Price

Yahoo FinanceDec 13 03:00

Crypto Market News Today, December 11: The Rise and Fall of Do Kwon as 15-Year Jailtime Sentenced, YouTube PayPal Stablecoin Payout, All While Bitcoin Price About to Pounce

Yahoo FinanceDec 12 16:00

Market Watch: Bitcoin's Battle at $92,000; Oracle and Moore Threads Weigh on AI Sector

Daily market highlights and trend analysis, produced by PANews. 1. Market Observations: Driven by the Federal Reserve's rate cut of 25 basis points and plans to purchase $40 billion in short-term US Treasuries per month under an easing expectation, precious metals have performed exceptionally well. Gold surged past its December high, with prices nearing the $4,290 mark, while spot silver climbed above $64, continuing to set new historical highs. However, signs of weakness have emerged in the US labor market, as initial jobless claims surged by 44,000 to 236,000 last week, marking the largest weekly increase since the pandemic. Coupled with data showing a narrowing trade deficit, these developments have kept markets cautious about the economic outlook. Meanwhile, China

PANewsDec 12 15:14

Do Kwon, involved in the 2022 cryptocurrency crash case amounting to USD 40 billion, sentenced to 15 years in prison after pleading guilty to fraud.

Do Kwon, the South Korean cryptocurrency mogul, was sentenced to 15 years in prison by a New York court on Thursday. The collapse of TerraUSD and Luna, cryptocurrencies he founded, triggered a $40 billion market crash in 2022, and Kwon admitted to related fraud charges. Kwon, now 34, was arrested in Montenegro in 2023 while attempting to travel to Dubai using a fake passport. He was extradited to the United States at the end of last year and pleaded guilty in a New York court in August this year. The court handed down the sentence today. Kwon still faces fraud charges in South Korea. His company, Terraform Labs, was known for launching various cryptocurrencies.

AASTOCKSDec 12 12:43