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Terraform Labs to dissolve, CEO asks community to take over following $4.47 billion SEC settlement
Chris Amani, CEO of Terraform Labs, the developer of Terra blockchain, asked the community to take the reins as the firm plans to dissolve its operations. The firm, according to Amani, plans to sell its projects in the Terra ecosystem including Pulsar Finance, Station Wallet and Enterprise DAO.
This follows Terraform's massive $4.47 billion settlement with the U.S. Securities and Exchange Commission related to the UST algorithmic stablecoin, which dramatically collapsed in 2022.
"TFL always intended to dissolve at some point, and that point is now,” Amani stated on X, signaling the end for Terraform Labs. “We will be winding down operations completely.”
Amani stated the firm plans for a community proposal that would lead to the burning of all unvested Luna, Terraform’s native token. “Anything that remains vested in our wallets will be burned by TFL,” he affirmed, committing to a decisive end for the company’s direct involvement with the token.
He stated that Terra and Terra Classic blockchains could continue under the community’s control. “The community will need to take over ownership of the chain,” Amani stated, suggesting a community-led governance model that could redefine how blockchain projects operate post-crisis.
The SEC initially charged Terraform and its co-founder, Do Kwon, in February 2023, accusing them of misleading investors and violating federal securities laws by engaging in fraudulent activities related to the sale of unregistered securities.
Terraform’s proposed settlement revealed on Wednesday with SEC includes $3.58 billion in disgorgement and a $420 million civil penalty. It also prohibits Kwon from serving as an officer or director of any public company. Additionally, Do Kwon is required to contribute about $204 million to a bankruptcy estate for Terraform aimed at compensating the investors harmed by the scheme.
Amani, Terraform's former COO, took over from Kwon in July 2023. TFL filed Chapter 11 bankruptcy in Jan
Chris Amani, CEO of Terraform Labs, the developer of Terra blockchain, asked the community to take the reins as the firm plans to dissolve its operations. The firm, according to Amani, plans to sell its projects in the Terra ecosystem including Pulsar Finance, Station Wallet and Enterprise DAO.
This follows Terraform's massive $4.47 billion settlement with the U.S. Securities and Exchange Commission related to the UST algorithmic stablecoin, which dramatically collapsed in 2022.
"TFL always intended to dissolve at some point, and that point is now,” Amani stated on X, signaling the end for Terraform Labs. “We will be winding down operations completely.”
Amani stated the firm plans for a community proposal that would lead to the burning of all unvested Luna, Terraform’s native token. “Anything that remains vested in our wallets will be burned by TFL,” he affirmed, committing to a decisive end for the company’s direct involvement with the token.
He stated that Terra and Terra Classic blockchains could continue under the community’s control. “The community will need to take over ownership of the chain,” Amani stated, suggesting a community-led governance model that could redefine how blockchain projects operate post-crisis.
The SEC initially charged Terraform and its co-founder, Do Kwon, in February 2023, accusing them of misleading investors and violating federal securities laws by engaging in fraudulent activities related to the sale of unregistered securities.
Terraform’s proposed settlement revealed on Wednesday with SEC includes $3.58 billion in disgorgement and a $420 million civil penalty. It also prohibits Kwon from serving as an officer or director of any public company. Additionally, Do Kwon is required to contribute about $204 million to a bankruptcy estate for Terraform aimed at compensating the investors harmed by the scheme.
Amani, Terraform's former COO, took over from Kwon in July 2023. TFL filed Chapter 11 bankruptcy in Jan
SEC reaches $4.47 bln settlement with now-bankrupt crypto firm Terraform Labs
Terraform Labs reached a $4.47 billion civil settlement with the U.S. Securities and Exchange Commission, after being found liable by a jury for defrauding cryptocurrency investors who lost an estimated $40 billion when the TerraUSD and Luna tokens collapsed in 2022.
A proposed final judgment covering Terraform and its founder Do Kwon was filed on Wednesday in Manhattan federal court. It requires approval by U.S. District Judge Jed Rakoff, who oversaw the trial, which ended on April 5.
Terraform's judgment includes $4.05 billion of disgorgement plus interest, and a $420 million civil fine.
Much is unlikely to be paid because Terraform
filed for bankruptcy
in January. It will instead be treated as an unsecured claim in the Chapter 11 case, where Terraform is liquidating.
The total judgment is $4.55 billion, including an $80 million civil fine for Kwon. He agreed to be banned from crypto transactions, and is required to transfer $204.3 million to Terraform's bankruptcy estate.
"Entry of this judgment would ensure the maximal return of funds to harmed investors and put Terraform out of business for good," the SEC said in a court filing. "Thus, this proposed judgment is fair, reasonable, and in the public interest."
Terraform and Kwon consented to the judgment. Their lawyers did not immediately respond to requests for comment.
The SEC accused Terraform and Kwon of deceiving investors about the stability of TerraUSD, which he designed to maintain a constant $1 price, and falsely claiming that Terraform's blockchain was used in a popular Korean mobile payment app.
TerraUSD and the closely-linked Luna, a more traditional token that Kwon also designed, collapsed in May 2022 when TerraUSD was unable to maintain its peg to the dollar.
Kwon did not attend the trial after having been detained in Montenegro since March 2023, with the United States and South Korea seeking his extradition to face criminal charges. He has denied wrongdoing.
#LUNC✅ $LUNC $LUNA #altcoins
Terraform Labs reached a $4.47 billion civil settlement with the U.S. Securities and Exchange Commission, after being found liable by a jury for defrauding cryptocurrency investors who lost an estimated $40 billion when the TerraUSD and Luna tokens collapsed in 2022.
A proposed final judgment covering Terraform and its founder Do Kwon was filed on Wednesday in Manhattan federal court. It requires approval by U.S. District Judge Jed Rakoff, who oversaw the trial, which ended on April 5.
Terraform's judgment includes $4.05 billion of disgorgement plus interest, and a $420 million civil fine.
Much is unlikely to be paid because Terraform
filed for bankruptcy
in January. It will instead be treated as an unsecured claim in the Chapter 11 case, where Terraform is liquidating.
The total judgment is $4.55 billion, including an $80 million civil fine for Kwon. He agreed to be banned from crypto transactions, and is required to transfer $204.3 million to Terraform's bankruptcy estate.
"Entry of this judgment would ensure the maximal return of funds to harmed investors and put Terraform out of business for good," the SEC said in a court filing. "Thus, this proposed judgment is fair, reasonable, and in the public interest."
Terraform and Kwon consented to the judgment. Their lawyers did not immediately respond to requests for comment.
The SEC accused Terraform and Kwon of deceiving investors about the stability of TerraUSD, which he designed to maintain a constant $1 price, and falsely claiming that Terraform's blockchain was used in a popular Korean mobile payment app.
TerraUSD and the closely-linked Luna, a more traditional token that Kwon also designed, collapsed in May 2022 when TerraUSD was unable to maintain its peg to the dollar.
Kwon did not attend the trial after having been detained in Montenegro since March 2023, with the United States and South Korea seeking his extradition to face criminal charges. He has denied wrongdoing.
#LUNC✅ $LUNC $LUNA #altcoins
Reinforcing the article below, “
$LUNC Agreement with the SEC Could Drive Cryptocurrency Price to $1.00” it is also important to highlight that @Binance has been since October 2022 monthly Burning LUNC trading fees:
“Binance will be making changes to the burning of LUNC trading fees, to continue to contribute to the supply decrease of LUNC and be in line with what the community originally looked forward to. From December 2022, Binance will be burning 50% of the LUNC spot and margin trading fees…”
ON June 1st #Binance burn 1.3 Billion #LUNC from May trading fees
Transaction hash:
https://finder.terra.money/classic/tx/37EED2FDAA6B7E4CFC2D6A98DAB89FCBE5CA63F6ABAA86A5058A25D1502590AB
LUNC Agreement with the SEC Could Drive Cryptocurrency Price to 1.00
$LUNC $LUNA #LUNC✅ @CZ @Richard Teng
$LUNC Agreement with the SEC Could Drive Cryptocurrency Price to $1.00” it is also important to highlight that @Binance has been since October 2022 monthly Burning LUNC trading fees:
“Binance will be making changes to the burning of LUNC trading fees, to continue to contribute to the supply decrease of LUNC and be in line with what the community originally looked forward to. From December 2022, Binance will be burning 50% of the LUNC spot and margin trading fees…”
ON June 1st #Binance burn 1.3 Billion #LUNC from May trading fees
Transaction hash:
https://finder.terra.money/classic/tx/37EED2FDAA6B7E4CFC2D6A98DAB89FCBE5CA63F6ABAA86A5058A25D1502590AB
LUNC Agreement with the SEC Could Drive Cryptocurrency Price to 1.00
$LUNC $LUNA #LUNC✅ @CZ @Richard Teng
Tendencia
$LUNC Agreement with the SEC Could Drive Cryptocurrency Price to $1.00
The token from the old Terra network, now known as Terra Classic (LUNC), has recently shown a significant increase in the cryptocurrency market. The price of LUNC is currently at $0.0001207, reflecting an 8.45% increase from the previous day.
Although the appreciation is small compared to the cryptocurrency standard, the rise indicates a strong upward trend and renewed investor confidence. Another factor of confidence is that Terra Classic is close to finalizing an agreement with the United States Securities and Exchange Commission (SEC) regarding its bankruptcy two years ago.
If this agreement materializes, the network should get rid of the fraud accusations filed by the SEC. Therefore, the arrangement could help boost the price of LUNC back to levels that could reach $1.00.
LUNC's Agreement with the SEC Draws Attention
This week, the SEC, Terraform Labs, and Do Kwon signed a provisional fine payment agreement. The agreement comes after a jury found Kwon and his company guilty of deceiving investors and causing $40 billion in damages.
The agreement with the SEC has sparked significant interest in Terra Classic ecosystem tokens. According to Coinglass data, open futures positions for LUNC and 1000LUNC increased by 15% in the last 24 hours.
This increase includes a 20% growth in open positions on Binance, indicating substantial buying activity by derivatives traders. When futures grow, the trend is for the asset's price to appreciate as well.
LUNC's market value is $699.65 million and it has risen by 8% in the last 24 hours. Its 24-hour trading volume increased by 273.87%, reaching $128.13 million. Just like in futures, a strong rise in volumes can help LUNC reach even higher values.
Last week, LUNC's price appreciated by 8% driven by growing market optimism and renewed investor interest. Additionally, last month, the token experienced a steady increase of 15%, trading in the range of $0.0001 to $0.00012, reflecting positive market sentiment.
Indicators Point to Strong Uptrend
As bullish sentiment gains momentum, LUNC could surpass the $0.00013 mark, confirming the upward trend. This positive market change could push the cryptocurrency's price to break the resistance at $0.0002, targeting $0.0005 in the next bullish cycle.
However, if pessimism sets in, LUNC could retreat to the support level of $0.00012. A prolonged negative trend could cause further drops to $0.00011, increasing the likelihood of selling pressure.
The Moving Average Convergence Divergence (MACD) indicator shows a positive trend as the MACD line (blue) crosses above the signal line (orange), which typically signals bullish momentum.
This crossover is supported by the increasing histogram bars and the Relative Strength Index (RSI), which is currently at 61, suggesting that LUNC is moving toward overbought territory.
Finally, the Awesome Oscillator (AO) is currently at 0.00000850, suggesting slight bullish momentum. The Chaikin Money Flow (CMF) is at 0.01, indicating a marginal inflow of capital into the asset, which could suggest a potential upward trend if this inflow continues.
Although the appreciation is small compared to the cryptocurrency standard, the rise indicates a strong upward trend and renewed investor confidence. Another factor of confidence is that Terra Classic is close to finalizing an agreement with the United States Securities and Exchange Commission (SEC) regarding its bankruptcy two years ago.
If this agreement materializes, the network should get rid of the fraud accusations filed by the SEC. Therefore, the arrangement could help boost the price of LUNC back to levels that could reach $1.00.
LUNC's Agreement with the SEC Draws Attention
This week, the SEC, Terraform Labs, and Do Kwon signed a provisional fine payment agreement. The agreement comes after a jury found Kwon and his company guilty of deceiving investors and causing $40 billion in damages.
The agreement with the SEC has sparked significant interest in Terra Classic ecosystem tokens. According to Coinglass data, open futures positions for LUNC and 1000LUNC increased by 15% in the last 24 hours.
This increase includes a 20% growth in open positions on Binance, indicating substantial buying activity by derivatives traders. When futures grow, the trend is for the asset's price to appreciate as well.
LUNC's market value is $699.65 million and it has risen by 8% in the last 24 hours. Its 24-hour trading volume increased by 273.87%, reaching $128.13 million. Just like in futures, a strong rise in volumes can help LUNC reach even higher values.
Last week, LUNC's price appreciated by 8% driven by growing market optimism and renewed investor interest. Additionally, last month, the token experienced a steady increase of 15%, trading in the range of $0.0001 to $0.00012, reflecting positive market sentiment.
Indicators Point to Strong Uptrend
As bullish sentiment gains momentum, LUNC could surpass the $0.00013 mark, confirming the upward trend. This positive market change could push the cryptocurrency's price to break the resistance at $0.0002, targeting $0.0005 in the next bullish cycle.
However, if pessimism sets in, LUNC could retreat to the support level of $0.00012. A prolonged negative trend could cause further drops to $0.00011, increasing the likelihood of selling pressure.
The Moving Average Convergence Divergence (MACD) indicator shows a positive trend as the MACD line (blue) crosses above the signal line (orange), which typically signals bullish momentum.
This crossover is supported by the increasing histogram bars and the Relative Strength Index (RSI), which is currently at 61, suggesting that LUNC is moving toward overbought territory.
Finally, the Awesome Oscillator (AO) is currently at 0.00000850, suggesting slight bullish momentum. The Chaikin Money Flow (CMF) is at 0.01, indicating a marginal inflow of capital into the asset, which could suggest a potential upward trend if this inflow continues.
Unveiling the Mastermind Behind Magma Blockchain: H Wonder
Meet H Wonder (@ hWonderofWorld), the Flywheel Whispering Product Engineer, Liquid Layer Theorist, Chaos Curator, and the mastermind behind Magma, the Liquid Layer Blockchain.
With a trailblazing vision and a wealth of expertise, H. has been instrumental in shaping the future of blockchain technology, particularly within the Ethereum ecosystem.
Magma: Fueling Ethereum's Evolution with Layer 2 Innovation.
Pond0x Protocol 🤝 Magma
Magma, the Liquid Layer, represents a transformative leap forward in the Ethereum ecosystem. Designed as a multichain liquidity network, Magma offers developers, node operators, and users a permissionless path to customize and launch liquidity-first, economically secure applications. In this article, we explore the major benefits, potential, and disruptions inherent in building an L2 blockchain like Magma atop the Ethereum network.
H Wonder: The Mastermind Behind Magma
As the driving force behind Magma, H. brings a unique blend of technical prowess, visionary thinking, and a deep understanding of blockchain dynamics. With a track record of groundbreaking innovations, @hWonderofWorld has earned a reputation as a thought leader in the blockchain space.
Liquid Layer Theory:
H's Liquid Layer Theory forms the foundation of Magma's architecture. By leveraging Ethereum's economic security through liquid staking pools, H Wonder has pioneered a new paradigm for blockchain scalability, interoperability, and security.
The Forge Vault, a core component of Magma, provides economic safety guarantees and fast finalization on the network, ensuring the integrity and resilience of the system.
Forging a New Future:
Through Magma, H Wonder envisions a future where blockchain technology transcends its current limitations. By democratizing access to liquidity and empowering developers to build innovative applications, Magma represents a significant step towards realizing the full potential of decentralized finance (DeFi), decentralized identity, gaming, and beyond.
H Wonder's Contributions to the Blockchain Ecosystem:
In addition to Magma, H has made significant contributions to the broader blockchain ecosystem. From pioneering trustless serverless functions with Tectonix to spearheading initiatives like the Pond0x Protocol, H's work continues to push the boundaries of what's possible in decentralized technology.
Detailed Overview of Magma:
Magma operates as a UX-driven SuperChain, designed to cater to the demands of a secured, hyperscaled future. It is fully compatible with the Ethereum Virtual Machine (EVM), allowing seamless migration of existing smart contracts and dApps to the Magma network. Developers have the flexibility to build directly on Magma or launch their own chains (app chains/L3) that settle to Magma, tailoring the network architecture to suit specific requirements.
Key components of Magma include the Liquid Restaking Vault (Forge Vault), which ensures data availability and security, and Tectonix, offering trustless serverless functions for encrypted event-based signing. With Magma, developers can automate DeFi processes, execute limit orders, and manage liquidity across chains, all while benefiting from lower gas fees and increased transaction throughput.
As Magma continues to gain traction and redefine the blockchain landscape, H Wonder remains at the forefront of innovation, shaping the future of decentralized finance and beyond. With a relentless commitment to excellence and a bold vision for the future, H Wonder stands as a beacon of inspiration for the blockchain community worldwide.
Written by Dominium 05-09-2024
With a trailblazing vision and a wealth of expertise, H. has been instrumental in shaping the future of blockchain technology, particularly within the Ethereum ecosystem.
Magma: Fueling Ethereum's Evolution with Layer 2 Innovation.
Pond0x Protocol 🤝 Magma
Magma, the Liquid Layer, represents a transformative leap forward in the Ethereum ecosystem. Designed as a multichain liquidity network, Magma offers developers, node operators, and users a permissionless path to customize and launch liquidity-first, economically secure applications. In this article, we explore the major benefits, potential, and disruptions inherent in building an L2 blockchain like Magma atop the Ethereum network.
H Wonder: The Mastermind Behind Magma
As the driving force behind Magma, H. brings a unique blend of technical prowess, visionary thinking, and a deep understanding of blockchain dynamics. With a track record of groundbreaking innovations, @hWonderofWorld has earned a reputation as a thought leader in the blockchain space.
Liquid Layer Theory:
H's Liquid Layer Theory forms the foundation of Magma's architecture. By leveraging Ethereum's economic security through liquid staking pools, H Wonder has pioneered a new paradigm for blockchain scalability, interoperability, and security.
The Forge Vault, a core component of Magma, provides economic safety guarantees and fast finalization on the network, ensuring the integrity and resilience of the system.
Forging a New Future:
Through Magma, H Wonder envisions a future where blockchain technology transcends its current limitations. By democratizing access to liquidity and empowering developers to build innovative applications, Magma represents a significant step towards realizing the full potential of decentralized finance (DeFi), decentralized identity, gaming, and beyond.
H Wonder's Contributions to the Blockchain Ecosystem:
In addition to Magma, H has made significant contributions to the broader blockchain ecosystem. From pioneering trustless serverless functions with Tectonix to spearheading initiatives like the Pond0x Protocol, H's work continues to push the boundaries of what's possible in decentralized technology.
Detailed Overview of Magma:
Magma operates as a UX-driven SuperChain, designed to cater to the demands of a secured, hyperscaled future. It is fully compatible with the Ethereum Virtual Machine (EVM), allowing seamless migration of existing smart contracts and dApps to the Magma network. Developers have the flexibility to build directly on Magma or launch their own chains (app chains/L3) that settle to Magma, tailoring the network architecture to suit specific requirements.
Key components of Magma include the Liquid Restaking Vault (Forge Vault), which ensures data availability and security, and Tectonix, offering trustless serverless functions for encrypted event-based signing. With Magma, developers can automate DeFi processes, execute limit orders, and manage liquidity across chains, all while benefiting from lower gas fees and increased transaction throughput.
As Magma continues to gain traction and redefine the blockchain landscape, H Wonder remains at the forefront of innovation, shaping the future of decentralized finance and beyond. With a relentless commitment to excellence and a bold vision for the future, H Wonder stands as a beacon of inspiration for the blockchain community worldwide.
Written by Dominium 05-09-2024
New York Jury Finds Do Kwon, Terraform Labs Liable for Fraud in SEC Case
The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.
NEW YORK – A Manhattan jury has found Terraform Labs and its co-founder, Do Kwon, liable on civil fraud charges brought by the U.S. Securities and Exchange Commission (SEC) in connection with the $40 billion implosion of the Terra ecosystem in May 2022, according to a Friday statement from the SEC.
The SEC accused Terraform Labs and Kwon of misleading investors about the stability of its so-called “algorithmic” native stablecoin, Terra USD (UST), and the use cases for the Terra blockchain.
The jury delivered the verdict on Friday, just two hours after lawyers for both the SEC and the defendants gave their closing arguments at the end of the nine-day trial in New York.
Jurors agreed with the SEC that Kwon and, under his direction, Terraform Labs deceived everyday investors about the nature of the supposed algorithm that kept UST pegged to the U.S. dollar. Though Kwon insinuated that it could “automatically self-heal” in the event of a de-peg, it actually relied on continuous trading activity, including large-scale trading done by institutional investors.
“We are pleased with today’s jury verdict holding Terraform Labs and Do Kwon liable for a massive crypto fraud,” Gurbir Grewal, SEC Division of Enforcement director, wrote in a statement.
“The defendants caused devastating losses for investors and wiped out tens of billions of market value nearly overnight. For all of crypto’s promises, the lack of registration and compliance have very real consequences for real people. As the hard work of our team shows, we will continue to use the tools at our disposal to protect the investing public, but it is high time for the crypto markets to come into compliance,” Grewal added.
#LUNA #LUNC #DoKwon $LUNC $LUNC
The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.
NEW YORK – A Manhattan jury has found Terraform Labs and its co-founder, Do Kwon, liable on civil fraud charges brought by the U.S. Securities and Exchange Commission (SEC) in connection with the $40 billion implosion of the Terra ecosystem in May 2022, according to a Friday statement from the SEC.
The SEC accused Terraform Labs and Kwon of misleading investors about the stability of its so-called “algorithmic” native stablecoin, Terra USD (UST), and the use cases for the Terra blockchain.
The jury delivered the verdict on Friday, just two hours after lawyers for both the SEC and the defendants gave their closing arguments at the end of the nine-day trial in New York.
Jurors agreed with the SEC that Kwon and, under his direction, Terraform Labs deceived everyday investors about the nature of the supposed algorithm that kept UST pegged to the U.S. dollar. Though Kwon insinuated that it could “automatically self-heal” in the event of a de-peg, it actually relied on continuous trading activity, including large-scale trading done by institutional investors.
“We are pleased with today’s jury verdict holding Terraform Labs and Do Kwon liable for a massive crypto fraud,” Gurbir Grewal, SEC Division of Enforcement director, wrote in a statement.
“The defendants caused devastating losses for investors and wiped out tens of billions of market value nearly overnight. For all of crypto’s promises, the lack of registration and compliance have very real consequences for real people. As the hard work of our team shows, we will continue to use the tools at our disposal to protect the investing public, but it is high time for the crypto markets to come into compliance,” Grewal added.
#LUNA #LUNC #DoKwon $LUNC $LUNC
IS POOL VOID: A Metaphysical Liquidity Pool in the World of Digital Art and DeFi ?
The official POOL VOID players guide v.1.1
POOL VOID
Introduction
POOL VOID is a conceptual artwork developed by artist Jimmy Edgar. It utilizes an Ethereum ENS address, poolvoid.eth, as a platform for an innovative digital art experience, combining elements of cryptocurrency, NFTs, and blockchain technology. The work is meant to be an experiential & immersive “sculpture” that has psychological and social elements.
Purpose and Vision
POOL VOID is designed as a digital wishing well, inviting users to engage in an act of release and "letting go." The artwork aims to evoke a range of emotions, from joy to regret, through the experience of deliberate loss by one’s own volition. It challenges participants to confront their intentions in giving, creating a unique intersection between art, finance and metadigital experience.
"Metadigital" in a metaphysical context refers to philosophical concepts or theories exist in the digital realm. This could mean discussing the nature of digital reality, the implications of digital existence, or the philosophical aspects of living in an increasingly digital world. This might include discussions about virtual reality, digital consciousness, or the nature of information and reality in a digital age.
User Experience and Interaction
The interaction with POOL VOID is intentionally simple: users send cryptocurrency or NFTs to poolvoid.eth, effectively releasing them into the digital "void." This act of giving is a personal decision, allowing users to confront their own psychological and emotional motivations, especially given the public and immutable nature of blockchain transactions. This also creates what Jimmy describes as a “sculpture of liquidity” that can be shaped and molded by transactions with the wallet address.
Engagement
Utilizing Twitter as a primary platform, Jimmy Edgar has engaged an audience of crypto community with frequent, enigmatic tweets. These posts, characterized by humor and mystery, employ gamification techniques to build excitement and anticipation around POOL VOID. Jimmy explicitly informs his audience that he is using AI, cognitive heuristics, neuro linguistic programming (NLP) and gamification to create lore around the work.
This experience has led to a cult following of participants (aka voidooors) who have reported transcendental experiences with POOL VOID. In addition, the community has created countless meme content around the immersive artwork.
Conceptual Foundations
Drawing inspiration from Yves Klein's immaterial artworks, POOL VOID explores the concept of non-material digital art. It challenges traditional notions of art creation and ownership, emphasizing the less physical, more conceptual nature of digital assets.
The Void as a Liquidity Sculpture
The artwork conceptualizes the void as a cryptocurrency liquidity sculpture, formed by the accumulation of blockchain data from user contributions. This approach merges artistic expression with elements of finance and technology, redefining the boundaries of digital art.
Exploring Financial Art
POOL VOID plays with the concept of financial scams as an art form, while being explicit about its nature as art and entertainment. This approach serves both educational and entertainment purposes, challenging conventional perceptions and encouraging audience engagement.
Conclusion: A New Paradigm of Digital Art
POOL VOID is a pioneering digital art form, a virtual wishing well that allows for deep exploration of psychological, social, and metaphysical ideas. The artwork is framed by the ENS poolvoid.eth, with the wallet acting as a container for the liquidity and asset-based sculpture. This project marks a new era in digital art, where blockchain technology is not just a medium, but a critical component of the artistic expression.
Guide Introduction
POOL VOID is an interactive artwork that combines the world of cryptocurrency with artistic expression. This virtual wishing well allows you to "let go and release" by sending cryptocurrency and digital assets into the void.
What is POOL VOID?
POOL VOID is a digital sculpture of cryptocurrency liquidity, a unique art piece that exists in the digital realm. It allows participants to send cryptocurrencies and digital assets to poolvoid.eth, symbolizing the act of letting go and setting intentions.
Getting Started
Participating in POOL VOID
Sending Assets: To participate, send cryptocurrency or Ethereum artwork to poolvoid.eth. The blockchain transaction acts as a represention of your intention being released into a void.Making a Wish: As you send your assets, take a moment to make a wish or set an intention. This mental act is central to the experience of "POOL VOID".Cryptocurrencies: While all cryptocurrencies are accepted, the most significant are $VOID, $ETH, $WBTC, $PORK, $PEPE, $PNDC, $TETHER and $USDC. The idea is that value, speculation and attachment are linked to digital assets making each currency or asset unique in its ability to create a personal challenge to release them into POOL VOID.
VOID RECEIPT
The best way to see your full participation with poolvoid.eth is to use Etherscan. Participants who want a more deep and meaningful experience will choose to create their own VOID RECEIPT
VOID RECEIPT is a POOL VOID blockchain artwork that quantifies your participation with poolvoid.eth
These receipts are unique and contain metadata including:
VOID RECEIPT numberDate of VOID RECEIPT mintYour Ethereum wallet addressDEPOSITS including $ETH, $WBTC, $PORK, $PEPE, $PNDCHOLDINGS include $VOIDARTWORKS including WHITE RABBIT, VOID CANDLES (ERC-1155 ARTWORKS), GOD CANDLE, PROMPTZ collection, PLASTICS collection, and DAWN OF A NEW DAYACHIEVEMENTS as metadata type attributesTotal amount of TRANSACTIONSMULTIPLIERSBADGEPOINTS
Minting VOID RECEIPTS
Due to the nature of the VOID RECEIPT Ethereum contract, each mint reflects the wallet associated with the transactions.
VOID ARTWORKS
The concept for POOL VOID formed with Jimmy Edgar’s artwork GOD CANDLE. Jimmy called on the collectors to burn the artwork to release all speculation. Shortly after, poolvoid.eth was opened up for the world to participate.
Here are a list of artworks that accumulate POINTS when you send them to poolvoid.eth:
PLASTICSVOID CANDLEPROMPTZGOD CANDLEWHITE RABBITDAWN OF A NEW DAYPOOL VOID RECEIPTS$VOID
ACHIEVEMENTS
As you engage with POOL VOID, you'll unlock ACHIEVEMENTS. These are transactions that users choose to contribute to the sculpture. ACHIEVEMENTS are immaterial objects, emotions and digital materials. Each ACHIEVEMENT appears on your VOID RECEIPT as metadata attributes.
Here is a full list of ACHIEVEMENTS transactions in Ethereum:
0.0000001 OBSERVE0.001001 NULL0.0011 POOL TOY0.00111 CHLORINE0.0022022022 GUMMY0.00333 BLEACH0.00505 LED0.00555 SWIMWEAR0.006006 JOY0.00666 POOL SLIDE0.0069 VOID0.00696969 FROG0.00777 EMPTINESS0.007777777 COPE0.00999 HAZARDOUS MATERIAL0.01001 CLEAR0.010101 MILK0.01111 GOLDEN0.012121 SILENCE0.01313 CHROME0.020202 GLASS0.021212 CLEANING EQUIPMENT0.0222 NOTHING0.03003 TADPOLE0.030303 DREAM0.030403 INFLATABLE0.033033 LILY0.0333 TRIANGLE0.0333333 METAMORPHOSIS0.0413 LOVE0.04444 PLASTIC0.05005 SCAM0.0555 MIRROR0.060606 CHEMICAL0.0666 DEMON0.0696969 PONDSCUM0.07007007 POISON0.070707 ACRYLIC0.0777 AIR0.08008 OIL0.080808 OXYGEN0.0888 METAL0.09119119 INSANITY0.0999999 PVC0.10000001 VIRTUAL0.1001001001 MIND0.10101 HEAVEN0.10301 PHOTON0.11011 MULTIPLICATION0.1111 PLATINUM0.111111 ACCELERATION0.12012 BIOTECH0.123456 ASCENDING0.131313 ETHEREAL0.1337 DIGITAL0.20202 STAINLESS STEEL0.222222 HIGHER PURPOSE0.30303 QUANTUM0.314 PI0.333 PYRAMID0.3333 MARBLE0.333333 SALVATION0.3945 VOIDED ORANGE0.4114 BOOST0.42069 DEGEN0.444 LIQUID0.444444 OBELISK0.5 FIRE0.5005005 FAITH0.50505 HOT STEEL0.555 WATER0.654321 DESCENDING0.666 FINANCE0.666666 VANTABLACK0.6969 SEX0.777 CLOUD0.90909 RUBBER0.999 WEALTH1 BLACK VOID1.010101 LAVA1.1 ALIEN1.111 IMMATERIAL1.111111 VOIDED VIOLET1.21212 ABUNDANCE1.333 ANGEL1.618033988749 PHI2 RAINBOW2.222 WHITE RABBIT2.222222 UNREAL2.333333 VOIDED BLACK3 PEARL6 MASTER
POINTS
Most transactions to poolvoid.eth earn you POINTS
POINTS can be accumulated by sending transaction of $ETH, $WBTC, $PEPE & $PNDC. This value is based on USD conversion so your POINTS will fluctuate based on market conditionsHOLDINGS include $VOID held in your Ethereum wallet at the time of mintACHIEVEMENTS accrue POINTS in addition to the Ethereum valueVOID ARTWORKS sent to poolvoid.eth contribute to POINTSMULTIPLERS multiply your POINTS
MULTIPLIERS
Sending specified Ethereum transactions will multiply your POINTS. Note that it is possible to use negative multiplication to adjust your POINTS in different ways. Each MULTIPLIER can be acquired an unlimited amount of times.
Here is a full list of MULTIPLIERS transactions in Ethereum:
3.069 100x1.069 33x0.5166 -55x0.333 69x0.127267 10x0.1111 2.2x0.0999 13.3x0.0777 3.3x0.06996 11x0.5669 -9x0.0555 1.5x0.00977 -1x0.00679 8x0.00678 8x
Here is a full list of POINTS transactions in $WBTC:
0.1 111x0.0777 50x0.01111 11x0.01 6x0.005 3.3x0.00333 1.3x
Here is a full list of POINTS transactions in $PEPE:
200,000,000 5.5x999,999,999 12x2,000,000,000 66x
BADGES
Each newly minted VOID RECEIPT will generate you a new BADGE. BADGES are distinctive emblems that mark your affiliation within the POOL VOID community.
$VOID
$VOID is the official L2 cryptocurrency of POOL VOID on Base. $VOID is acquired by minting POOL VOID artworks. Anyone can mint artworks on the platform meme.market to get $VOID creating a community experience.
$VOID held in your wallet acquires POINTS on POOL VOID RECEIPTS, this experience is called HOE (Hold On Eternally)
$VOID artworks sent to poolvoid.eth acquires POINTS
Dissolve your POOL VOID experience
Dissolve your POOL VOID experience by sending a transaction of Ethereum to poolvoid.eth which enables a 0x MULTIPLIER. This effectively “voids” all of your points to 0, this metadigital act reflects this on your final VOID RECEIPT. Once the transaction is sent, mint a new VOID RECEIPT to find your POINTS have a new feature unlocked.
0.3945 VOIDED ORANGE1.111111 VOIDED VIOLET2.333333 VOIDED BLACK
Summary
POOL VOID is more than an artwork; it's an experience that intertwines the digital world of cryptocurrency with the artistic expression of letting go. Engage, interact, and watch as your wishes and intentions become part of this ever-evolving digital sculpture.
POOL VOID provides an opportunity to learn lessons about attachment, speculation, autonomy and self awareness. The artwork is permanently installed on the Ethereum blockchain creating an immutable experience that will last as long as the blockchain endures.
The next steps
POOL VOID & poolvoid.eth has been used by third parties to collect data and provide opportunity for decentralized finance protocols.
it's entirely possible that POOL VOID could function as a liquidity pool within the context of decentralized finance (DeFi). In this scenario, users would contribute cryptocurrency or NFTs to the poolvoid.eth address, effectively adding liquidity to the pool. This liquidity could then be utilized for various purposes, such as facilitating trades, providing liquidity for decentralized exchanges (DEXs), or enabling borrowing and lending activities.
As users contribute assets to the pool, they would receive pool tokens representing their share of the pool's liquidity. These tokens could be used to track ownership and facilitate participation in the pool's activities.
By framing POOL VOID as a liquidity pool, it would align with the broader DeFi ecosystem, offering participants the opportunity to earn rewards or fees based on their contributions to the pool. Additionally, it could introduce new dimensions to the artwork, such as the ability to shape the pool's dynamics through collective decision-making or governance mechanisms.
Overall, integrating POOL VOID as a liquidity pool adds another layer of functionality and utility to the project, further enhancing its appeal and relevance within the crypto and DeFi communities.
POOL VOID could also serve as a conceptual space for artistic expression and exploration, transcending traditional boundaries of digital art and inviting participants to engage with abstract concepts of existence, consciousness, and the nature of reality. In this context, POOL VOID becomes a platform for immersive experiences, interactive installations, and collaborative projects, where users contribute their creativity and perspectives to shape a collective narrative within the digital void.
“WHAT HAPPENS NEXT MAY SURPRISE YOU”
POOL VOID
Introduction
POOL VOID is a conceptual artwork developed by artist Jimmy Edgar. It utilizes an Ethereum ENS address, poolvoid.eth, as a platform for an innovative digital art experience, combining elements of cryptocurrency, NFTs, and blockchain technology. The work is meant to be an experiential & immersive “sculpture” that has psychological and social elements.
Purpose and Vision
POOL VOID is designed as a digital wishing well, inviting users to engage in an act of release and "letting go." The artwork aims to evoke a range of emotions, from joy to regret, through the experience of deliberate loss by one’s own volition. It challenges participants to confront their intentions in giving, creating a unique intersection between art, finance and metadigital experience.
"Metadigital" in a metaphysical context refers to philosophical concepts or theories exist in the digital realm. This could mean discussing the nature of digital reality, the implications of digital existence, or the philosophical aspects of living in an increasingly digital world. This might include discussions about virtual reality, digital consciousness, or the nature of information and reality in a digital age.
User Experience and Interaction
The interaction with POOL VOID is intentionally simple: users send cryptocurrency or NFTs to poolvoid.eth, effectively releasing them into the digital "void." This act of giving is a personal decision, allowing users to confront their own psychological and emotional motivations, especially given the public and immutable nature of blockchain transactions. This also creates what Jimmy describes as a “sculpture of liquidity” that can be shaped and molded by transactions with the wallet address.
Engagement
Utilizing Twitter as a primary platform, Jimmy Edgar has engaged an audience of crypto community with frequent, enigmatic tweets. These posts, characterized by humor and mystery, employ gamification techniques to build excitement and anticipation around POOL VOID. Jimmy explicitly informs his audience that he is using AI, cognitive heuristics, neuro linguistic programming (NLP) and gamification to create lore around the work.
This experience has led to a cult following of participants (aka voidooors) who have reported transcendental experiences with POOL VOID. In addition, the community has created countless meme content around the immersive artwork.
Conceptual Foundations
Drawing inspiration from Yves Klein's immaterial artworks, POOL VOID explores the concept of non-material digital art. It challenges traditional notions of art creation and ownership, emphasizing the less physical, more conceptual nature of digital assets.
The Void as a Liquidity Sculpture
The artwork conceptualizes the void as a cryptocurrency liquidity sculpture, formed by the accumulation of blockchain data from user contributions. This approach merges artistic expression with elements of finance and technology, redefining the boundaries of digital art.
Exploring Financial Art
POOL VOID plays with the concept of financial scams as an art form, while being explicit about its nature as art and entertainment. This approach serves both educational and entertainment purposes, challenging conventional perceptions and encouraging audience engagement.
Conclusion: A New Paradigm of Digital Art
POOL VOID is a pioneering digital art form, a virtual wishing well that allows for deep exploration of psychological, social, and metaphysical ideas. The artwork is framed by the ENS poolvoid.eth, with the wallet acting as a container for the liquidity and asset-based sculpture. This project marks a new era in digital art, where blockchain technology is not just a medium, but a critical component of the artistic expression.
Guide Introduction
POOL VOID is an interactive artwork that combines the world of cryptocurrency with artistic expression. This virtual wishing well allows you to "let go and release" by sending cryptocurrency and digital assets into the void.
What is POOL VOID?
POOL VOID is a digital sculpture of cryptocurrency liquidity, a unique art piece that exists in the digital realm. It allows participants to send cryptocurrencies and digital assets to poolvoid.eth, symbolizing the act of letting go and setting intentions.
Getting Started
Participating in POOL VOID
Sending Assets: To participate, send cryptocurrency or Ethereum artwork to poolvoid.eth. The blockchain transaction acts as a represention of your intention being released into a void.Making a Wish: As you send your assets, take a moment to make a wish or set an intention. This mental act is central to the experience of "POOL VOID".Cryptocurrencies: While all cryptocurrencies are accepted, the most significant are $VOID, $ETH, $WBTC, $PORK, $PEPE, $PNDC, $TETHER and $USDC. The idea is that value, speculation and attachment are linked to digital assets making each currency or asset unique in its ability to create a personal challenge to release them into POOL VOID.
VOID RECEIPT
The best way to see your full participation with poolvoid.eth is to use Etherscan. Participants who want a more deep and meaningful experience will choose to create their own VOID RECEIPT
VOID RECEIPT is a POOL VOID blockchain artwork that quantifies your participation with poolvoid.eth
These receipts are unique and contain metadata including:
VOID RECEIPT numberDate of VOID RECEIPT mintYour Ethereum wallet addressDEPOSITS including $ETH, $WBTC, $PORK, $PEPE, $PNDCHOLDINGS include $VOIDARTWORKS including WHITE RABBIT, VOID CANDLES (ERC-1155 ARTWORKS), GOD CANDLE, PROMPTZ collection, PLASTICS collection, and DAWN OF A NEW DAYACHIEVEMENTS as metadata type attributesTotal amount of TRANSACTIONSMULTIPLIERSBADGEPOINTS
Minting VOID RECEIPTS
Due to the nature of the VOID RECEIPT Ethereum contract, each mint reflects the wallet associated with the transactions.
VOID ARTWORKS
The concept for POOL VOID formed with Jimmy Edgar’s artwork GOD CANDLE. Jimmy called on the collectors to burn the artwork to release all speculation. Shortly after, poolvoid.eth was opened up for the world to participate.
Here are a list of artworks that accumulate POINTS when you send them to poolvoid.eth:
PLASTICSVOID CANDLEPROMPTZGOD CANDLEWHITE RABBITDAWN OF A NEW DAYPOOL VOID RECEIPTS$VOID
ACHIEVEMENTS
As you engage with POOL VOID, you'll unlock ACHIEVEMENTS. These are transactions that users choose to contribute to the sculpture. ACHIEVEMENTS are immaterial objects, emotions and digital materials. Each ACHIEVEMENT appears on your VOID RECEIPT as metadata attributes.
Here is a full list of ACHIEVEMENTS transactions in Ethereum:
0.0000001 OBSERVE0.001001 NULL0.0011 POOL TOY0.00111 CHLORINE0.0022022022 GUMMY0.00333 BLEACH0.00505 LED0.00555 SWIMWEAR0.006006 JOY0.00666 POOL SLIDE0.0069 VOID0.00696969 FROG0.00777 EMPTINESS0.007777777 COPE0.00999 HAZARDOUS MATERIAL0.01001 CLEAR0.010101 MILK0.01111 GOLDEN0.012121 SILENCE0.01313 CHROME0.020202 GLASS0.021212 CLEANING EQUIPMENT0.0222 NOTHING0.03003 TADPOLE0.030303 DREAM0.030403 INFLATABLE0.033033 LILY0.0333 TRIANGLE0.0333333 METAMORPHOSIS0.0413 LOVE0.04444 PLASTIC0.05005 SCAM0.0555 MIRROR0.060606 CHEMICAL0.0666 DEMON0.0696969 PONDSCUM0.07007007 POISON0.070707 ACRYLIC0.0777 AIR0.08008 OIL0.080808 OXYGEN0.0888 METAL0.09119119 INSANITY0.0999999 PVC0.10000001 VIRTUAL0.1001001001 MIND0.10101 HEAVEN0.10301 PHOTON0.11011 MULTIPLICATION0.1111 PLATINUM0.111111 ACCELERATION0.12012 BIOTECH0.123456 ASCENDING0.131313 ETHEREAL0.1337 DIGITAL0.20202 STAINLESS STEEL0.222222 HIGHER PURPOSE0.30303 QUANTUM0.314 PI0.333 PYRAMID0.3333 MARBLE0.333333 SALVATION0.3945 VOIDED ORANGE0.4114 BOOST0.42069 DEGEN0.444 LIQUID0.444444 OBELISK0.5 FIRE0.5005005 FAITH0.50505 HOT STEEL0.555 WATER0.654321 DESCENDING0.666 FINANCE0.666666 VANTABLACK0.6969 SEX0.777 CLOUD0.90909 RUBBER0.999 WEALTH1 BLACK VOID1.010101 LAVA1.1 ALIEN1.111 IMMATERIAL1.111111 VOIDED VIOLET1.21212 ABUNDANCE1.333 ANGEL1.618033988749 PHI2 RAINBOW2.222 WHITE RABBIT2.222222 UNREAL2.333333 VOIDED BLACK3 PEARL6 MASTER
POINTS
Most transactions to poolvoid.eth earn you POINTS
POINTS can be accumulated by sending transaction of $ETH, $WBTC, $PEPE & $PNDC. This value is based on USD conversion so your POINTS will fluctuate based on market conditionsHOLDINGS include $VOID held in your Ethereum wallet at the time of mintACHIEVEMENTS accrue POINTS in addition to the Ethereum valueVOID ARTWORKS sent to poolvoid.eth contribute to POINTSMULTIPLERS multiply your POINTS
MULTIPLIERS
Sending specified Ethereum transactions will multiply your POINTS. Note that it is possible to use negative multiplication to adjust your POINTS in different ways. Each MULTIPLIER can be acquired an unlimited amount of times.
Here is a full list of MULTIPLIERS transactions in Ethereum:
3.069 100x1.069 33x0.5166 -55x0.333 69x0.127267 10x0.1111 2.2x0.0999 13.3x0.0777 3.3x0.06996 11x0.5669 -9x0.0555 1.5x0.00977 -1x0.00679 8x0.00678 8x
Here is a full list of POINTS transactions in $WBTC:
0.1 111x0.0777 50x0.01111 11x0.01 6x0.005 3.3x0.00333 1.3x
Here is a full list of POINTS transactions in $PEPE:
200,000,000 5.5x999,999,999 12x2,000,000,000 66x
BADGES
Each newly minted VOID RECEIPT will generate you a new BADGE. BADGES are distinctive emblems that mark your affiliation within the POOL VOID community.
$VOID
$VOID is the official L2 cryptocurrency of POOL VOID on Base. $VOID is acquired by minting POOL VOID artworks. Anyone can mint artworks on the platform meme.market to get $VOID creating a community experience.
$VOID held in your wallet acquires POINTS on POOL VOID RECEIPTS, this experience is called HOE (Hold On Eternally)
$VOID artworks sent to poolvoid.eth acquires POINTS
Dissolve your POOL VOID experience
Dissolve your POOL VOID experience by sending a transaction of Ethereum to poolvoid.eth which enables a 0x MULTIPLIER. This effectively “voids” all of your points to 0, this metadigital act reflects this on your final VOID RECEIPT. Once the transaction is sent, mint a new VOID RECEIPT to find your POINTS have a new feature unlocked.
0.3945 VOIDED ORANGE1.111111 VOIDED VIOLET2.333333 VOIDED BLACK
Summary
POOL VOID is more than an artwork; it's an experience that intertwines the digital world of cryptocurrency with the artistic expression of letting go. Engage, interact, and watch as your wishes and intentions become part of this ever-evolving digital sculpture.
POOL VOID provides an opportunity to learn lessons about attachment, speculation, autonomy and self awareness. The artwork is permanently installed on the Ethereum blockchain creating an immutable experience that will last as long as the blockchain endures.
The next steps
POOL VOID & poolvoid.eth has been used by third parties to collect data and provide opportunity for decentralized finance protocols.
it's entirely possible that POOL VOID could function as a liquidity pool within the context of decentralized finance (DeFi). In this scenario, users would contribute cryptocurrency or NFTs to the poolvoid.eth address, effectively adding liquidity to the pool. This liquidity could then be utilized for various purposes, such as facilitating trades, providing liquidity for decentralized exchanges (DEXs), or enabling borrowing and lending activities.
As users contribute assets to the pool, they would receive pool tokens representing their share of the pool's liquidity. These tokens could be used to track ownership and facilitate participation in the pool's activities.
By framing POOL VOID as a liquidity pool, it would align with the broader DeFi ecosystem, offering participants the opportunity to earn rewards or fees based on their contributions to the pool. Additionally, it could introduce new dimensions to the artwork, such as the ability to shape the pool's dynamics through collective decision-making or governance mechanisms.
Overall, integrating POOL VOID as a liquidity pool adds another layer of functionality and utility to the project, further enhancing its appeal and relevance within the crypto and DeFi communities.
POOL VOID could also serve as a conceptual space for artistic expression and exploration, transcending traditional boundaries of digital art and inviting participants to engage with abstract concepts of existence, consciousness, and the nature of reality. In this context, POOL VOID becomes a platform for immersive experiences, interactive installations, and collaborative projects, where users contribute their creativity and perspectives to shape a collective narrative within the digital void.
“WHAT HAPPENS NEXT MAY SURPRISE YOU”
Understanding ENA’s Fundamentals & Price Prediction
Ethena (ENA) is not just another cryptocurrency; it stands out with its unique proposition and governance model.
As the designated governance token of Ethena, a cutting-edge protocol aiming to revolutionize the decentralized finance bond system outside traditional banking, ENA is at the forefront of facilitating a novel economic ecosystem.
With the innovative approach towards creating a dollar-pegged synthetic token, Ethena showcases the potential for a new era in financial inclusivity and stability. The excitement around ENA is palpable, especially with the upcoming airdrop earmarked for participants in its shard campaign, demonstrating Ethena’s commitment to engaging and rewarding its community.
Spanning from its remarkable growth post-seed round funding to the anticipation surrounding the airdrop’s 30-day window, ENA encapsulates the dynamic spirits of digital finance.
Understanding the fundamentals becomes crucial as you delve into Ethena (ENA) price prediction analyses. Equally important are the factors influencing ENA’s price, which will be comprehensively explored.
This article aims to provide insights into ENA’s performance, leveraging fundamental analysis and machine learning models for nuanced price forecasting.
From delving into ENA’s operational framework on Binance Launchpool to outlining strategic investment approaches, the forthcoming sections intend to offer a well-rounded perspective on navigating the possibilities that Ethena (ENA) holds for savvy investors and enthusiasts alike.
Ethena (ENA) Price Prediction
2024: The price is expected to fluctuate between $1.70 and $4.00, with an average settling at $2.85
2025: A significant jump, with prices ranging from $5.40 to $7.10 and an average of $6.25, indicating growing investor confidence.
2026: Doubling down, the forecast suggests a range of $10.00 to $15.50, with an average price of $12.75, as Ethena continues to expand its ecosystem.
$ENA #ENA #ENALAUNCHPOOL
Ethena (ENA) is not just another cryptocurrency; it stands out with its unique proposition and governance model.
As the designated governance token of Ethena, a cutting-edge protocol aiming to revolutionize the decentralized finance bond system outside traditional banking, ENA is at the forefront of facilitating a novel economic ecosystem.
With the innovative approach towards creating a dollar-pegged synthetic token, Ethena showcases the potential for a new era in financial inclusivity and stability. The excitement around ENA is palpable, especially with the upcoming airdrop earmarked for participants in its shard campaign, demonstrating Ethena’s commitment to engaging and rewarding its community.
Spanning from its remarkable growth post-seed round funding to the anticipation surrounding the airdrop’s 30-day window, ENA encapsulates the dynamic spirits of digital finance.
Understanding the fundamentals becomes crucial as you delve into Ethena (ENA) price prediction analyses. Equally important are the factors influencing ENA’s price, which will be comprehensively explored.
This article aims to provide insights into ENA’s performance, leveraging fundamental analysis and machine learning models for nuanced price forecasting.
From delving into ENA’s operational framework on Binance Launchpool to outlining strategic investment approaches, the forthcoming sections intend to offer a well-rounded perspective on navigating the possibilities that Ethena (ENA) holds for savvy investors and enthusiasts alike.
Ethena (ENA) Price Prediction
2024: The price is expected to fluctuate between $1.70 and $4.00, with an average settling at $2.85
2025: A significant jump, with prices ranging from $5.40 to $7.10 and an average of $6.25, indicating growing investor confidence.
2026: Doubling down, the forecast suggests a range of $10.00 to $15.50, with an average price of $12.75, as Ethena continues to expand its ecosystem.
$ENA #ENA #ENALAUNCHPOOL
BTC Will reach the support level of $63K our will recover the $69,6K resistance?
What do you think?
#BullorBear $BTC $ETH
What do you think?
#BullorBear $BTC $ETH
Crypto Bulls See $400M Liquidations as Solana, Dogecoin Lead Slide in Majors
Major tokens experienced a significant drop in the past 24 hours, with bitcoin falling 5% and other major tokens like ether, Cardano's ADA, and BNB Chain’s BNB showing similar losses.
Liquidations of long positions, or bets on higher prices, amounted to over $400 million, while shorts, or bets against, took on a relatively smaller $85 million.
Analysts at Bitfinex suggested that bitcoin is likely to remain range-bound in the coming weeks as long-term investors sell off holdings.
Major tokens slid as much as 8% in the past 24 hours as bitcoin (BTC) reversed last week’s gains amid selling pressure caused by a stronger dollar, leading to over $400 million bullish bets being liquidated.
Data shows that bitcoin fell 5%, with ether (ETH), Cardano’s ADA, and BNB Chain’s BNB showing similar losses. Solana’s SOL dropped 7% to trade at $185 after briefly touching $200 on Monday, while Dogecoin (DOGE) dropped more than 8%.
Bitcoin Cash’s BCH fell 10% amid profit-taking after a 40% rally in the past week, buoyed by the expected halving event for the network on April 4.
Longs, or bets on higher prices, took on more than $400 million in liquidations, with shorts, or bets against, taking on a relatively smaller $85 million. A liquidation happens when a trader has insufficient funds to keep a leveraged trade open.
“We believe that bitcoin is likely to continue to consolidate within a range, as previously dormant supply, particularly among Long-Term Holders (LTHs), is being sold (although at a relatively smaller scale than previous bull market tops),” Bitfinex said.
“There is strategic profit-taking observed among the LTH cohort (holders of BTC of more than 155 days),” the analysts added.
Elsewhere, FxPro senior market analyst Alex Kuptsikevich said in a message that bitcoin faces resistance at the $71,000 level as broader markets show caution against riskier assets.
#Memecoins $BTC $ETH $DOGE
Major tokens experienced a significant drop in the past 24 hours, with bitcoin falling 5% and other major tokens like ether, Cardano's ADA, and BNB Chain’s BNB showing similar losses.
Liquidations of long positions, or bets on higher prices, amounted to over $400 million, while shorts, or bets against, took on a relatively smaller $85 million.
Analysts at Bitfinex suggested that bitcoin is likely to remain range-bound in the coming weeks as long-term investors sell off holdings.
Major tokens slid as much as 8% in the past 24 hours as bitcoin (BTC) reversed last week’s gains amid selling pressure caused by a stronger dollar, leading to over $400 million bullish bets being liquidated.
Data shows that bitcoin fell 5%, with ether (ETH), Cardano’s ADA, and BNB Chain’s BNB showing similar losses. Solana’s SOL dropped 7% to trade at $185 after briefly touching $200 on Monday, while Dogecoin (DOGE) dropped more than 8%.
Bitcoin Cash’s BCH fell 10% amid profit-taking after a 40% rally in the past week, buoyed by the expected halving event for the network on April 4.
Longs, or bets on higher prices, took on more than $400 million in liquidations, with shorts, or bets against, taking on a relatively smaller $85 million. A liquidation happens when a trader has insufficient funds to keep a leveraged trade open.
“We believe that bitcoin is likely to continue to consolidate within a range, as previously dormant supply, particularly among Long-Term Holders (LTHs), is being sold (although at a relatively smaller scale than previous bull market tops),” Bitfinex said.
“There is strategic profit-taking observed among the LTH cohort (holders of BTC of more than 155 days),” the analysts added.
Elsewhere, FxPro senior market analyst Alex Kuptsikevich said in a message that bitcoin faces resistance at the $71,000 level as broader markets show caution against riskier assets.
#Memecoins $BTC $ETH $DOGE
Sam Bankman-Fried Breaks Silence: ‘Haunted’ by FTX Collapse, Vows to Appeal and Criticizes Legal Process
The fallen founder of FTX, Sam Bankman-Fried (SBF), broke his silence for the first time since being sentenced to 24.25 years in prison, engaging in an email conversation with ABC News. SBF expressed that he is “haunted” daily by the events that transpired, emphasizing his stance that he “never intended to hurt anyone.”
Former FTX Boss Contests Conviction, Says Never Meant Harm
After the recent sentencing of Sam Bankman-Fried, also referred to as SBF, the former CEO of FTX who fell from grace, shared his emotions regarding the outcome. ABC News’ correspondent Mark Guarino reported that SBF felt the trial was unjust and indicated that he and his defense team intend to appeal.
SBF criticized the law firm Sullivan & Cromwell for allegedly igniting a “one-sided media frenzy.” He expressed dissatisfaction with the “defense’s inability to get in critical evidence at trial,” stating it “infected” the entire process. Furthermore, he conveyed to ABC that he is tormented daily by the manner in which events unfolded.
“I’m haunted, every day, by what was lost. I never intended to hurt anyone or take anyone’s money,” SBF told Guarino in emailed correspondence. “But I was the CEO of FTX, I was responsible for what happened to the company, and when you’re responsible it doesn’t matter why it goes bad. I’d give anything to be able to help repair even part of the damage.”
SBF added:
I’m doing what I can from prison, but it’s deeply frustrating not to be able to do more.
SBF’s most recent interview coincides with a pivotal moment for FTX collaborators Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh, as they approach their own critical juncture. The former crypto mogul refrained from revealing to NBC the specific strategies he and his legal team intend to employ in appealing the case.
#SBF $FTT
The fallen founder of FTX, Sam Bankman-Fried (SBF), broke his silence for the first time since being sentenced to 24.25 years in prison, engaging in an email conversation with ABC News. SBF expressed that he is “haunted” daily by the events that transpired, emphasizing his stance that he “never intended to hurt anyone.”
Former FTX Boss Contests Conviction, Says Never Meant Harm
After the recent sentencing of Sam Bankman-Fried, also referred to as SBF, the former CEO of FTX who fell from grace, shared his emotions regarding the outcome. ABC News’ correspondent Mark Guarino reported that SBF felt the trial was unjust and indicated that he and his defense team intend to appeal.
SBF criticized the law firm Sullivan & Cromwell for allegedly igniting a “one-sided media frenzy.” He expressed dissatisfaction with the “defense’s inability to get in critical evidence at trial,” stating it “infected” the entire process. Furthermore, he conveyed to ABC that he is tormented daily by the manner in which events unfolded.
“I’m haunted, every day, by what was lost. I never intended to hurt anyone or take anyone’s money,” SBF told Guarino in emailed correspondence. “But I was the CEO of FTX, I was responsible for what happened to the company, and when you’re responsible it doesn’t matter why it goes bad. I’d give anything to be able to help repair even part of the damage.”
SBF added:
I’m doing what I can from prison, but it’s deeply frustrating not to be able to do more.
SBF’s most recent interview coincides with a pivotal moment for FTX collaborators Caroline Ellison, Gary Wang, Ryan Salame, and Nishad Singh, as they approach their own critical juncture. The former crypto mogul refrained from revealing to NBC the specific strategies he and his legal team intend to employ in appealing the case.
#SBF $FTT
SBF live updates: FTX founder sentenced to 25 years in prison for massive crypto fraud
Following his conviction in November, FTX founder Sam Bankman-Fried has officially been sentenced to 25 years in prison Thursday. The former cryptocurrency wunderkind was found guilty of seven counts of fraud for the downfall of the digital asset exchange he founded.
At one point, both Bankman-Fried and FTX were pillars of the cryptocurrency industry. However, today’s news marks the final ruling of his downfall that first began with his arrest in the Bahamas in December of 2022. The sentencing hearing was held in Manhattan, with Judge Lewis Kaplan continuing to preside over the case.
Bankman-Fried Sentenced to 25 Years in Prison
The collapse of FTX will likely remain one of the biggest controversies in the history of the digital asset sector. Moreover, the criminal activity of the company represented some of the largest financial crimes in the history of the United States. Subseuqnlety, the firm’s CEO and founder has rightly become the face of those illegal acts.
Now, more than 450 days after being apprehended, FTX founder Sam Bankman-Fried has been sentenced to 20 years in prison. The hearing took place today under the same judge who presided over Bankman-Fried’s criminal case. The outcome had been the subject of debate between both sides leading up to the hearing.
The prosecution had requested Bankman-Fried serve between 40 and 50 years in Prison. Alternatively, SBF’s legal council requested a prison sentence for the 32-year-old former executive that ranged between 64 and 78 months. As you can see, the latter has one out following Kaplan’s decision today, with a sentence term shorter than many assumed.
Bankman-Fried was convicted by a jury on seven counts of fraud in 2023. Specifically, those charges include his thievery of customer assets when running the cryptocurrency exchange, and his deceit with the firm’s investors and creditors. Altogether, Bankman-Fried was responsible for around $8 billion in customer assets being stolen.
#SBFVerdict #SBFFTX $FTT
Following his conviction in November, FTX founder Sam Bankman-Fried has officially been sentenced to 25 years in prison Thursday. The former cryptocurrency wunderkind was found guilty of seven counts of fraud for the downfall of the digital asset exchange he founded.
At one point, both Bankman-Fried and FTX were pillars of the cryptocurrency industry. However, today’s news marks the final ruling of his downfall that first began with his arrest in the Bahamas in December of 2022. The sentencing hearing was held in Manhattan, with Judge Lewis Kaplan continuing to preside over the case.
Bankman-Fried Sentenced to 25 Years in Prison
The collapse of FTX will likely remain one of the biggest controversies in the history of the digital asset sector. Moreover, the criminal activity of the company represented some of the largest financial crimes in the history of the United States. Subseuqnlety, the firm’s CEO and founder has rightly become the face of those illegal acts.
Now, more than 450 days after being apprehended, FTX founder Sam Bankman-Fried has been sentenced to 20 years in prison. The hearing took place today under the same judge who presided over Bankman-Fried’s criminal case. The outcome had been the subject of debate between both sides leading up to the hearing.
The prosecution had requested Bankman-Fried serve between 40 and 50 years in Prison. Alternatively, SBF’s legal council requested a prison sentence for the 32-year-old former executive that ranged between 64 and 78 months. As you can see, the latter has one out following Kaplan’s decision today, with a sentence term shorter than many assumed.
Bankman-Fried was convicted by a jury on seven counts of fraud in 2023. Specifically, those charges include his thievery of customer assets when running the cryptocurrency exchange, and his deceit with the firm’s investors and creditors. Altogether, Bankman-Fried was responsible for around $8 billion in customer assets being stolen.
#SBFVerdict #SBFFTX $FTT
Sam Bankman-Fried To Receive 30 Years Prison Sentencing
The cryptocurrency world is abuzz with anticipation as FTX founder Sam Bankman-Fried (SBF) faces the possibility of a 30-year prison sentence following the collapse of FTX.
Recent reports suggest that experts predict SBF may receive a lengthy sentence, highlighting the severity of financial crimes within the digital asset realm.With U.S. District Judge Lewis Kaplan set to make a decision, the outcome of SBF's sentencing holds significant implications for the industry.
Legal experts, including law professor Yesha Yada and former federal prosecutor Neama Rahman, anticipate a substantial prison term for SBF, ranging from 20 to 30 years.The impact of the FTX scandal is palpable, with testimonies from affected customers shedding light on the widespread devastation caused by the exchange's collapse. Losses totaling billions and heartfelt letters to the Department of Justice underscore the human toll of financial mismanagement.
As Judge Kaplan weighs the evidence, the prosecution advocates for a harsh sentence while SBF's defense pleads for leniency. The case highlights the delicate balance between justice and rehabilitation, as SBF's actions and demeanor during trial proceedings come under scrutiny.
The Department of Justice's pursuit of justice in this case emphasizes the seriousness of financial crimes in the cryptocurrency sphere.
As the sentencing approaches, the outcome will serve as a pivotal moment for accountability and transparency within the broader cryptocurrency community.
#SBF #FTXTrial $FTT
The cryptocurrency world is abuzz with anticipation as FTX founder Sam Bankman-Fried (SBF) faces the possibility of a 30-year prison sentence following the collapse of FTX.
Recent reports suggest that experts predict SBF may receive a lengthy sentence, highlighting the severity of financial crimes within the digital asset realm.With U.S. District Judge Lewis Kaplan set to make a decision, the outcome of SBF's sentencing holds significant implications for the industry.
Legal experts, including law professor Yesha Yada and former federal prosecutor Neama Rahman, anticipate a substantial prison term for SBF, ranging from 20 to 30 years.The impact of the FTX scandal is palpable, with testimonies from affected customers shedding light on the widespread devastation caused by the exchange's collapse. Losses totaling billions and heartfelt letters to the Department of Justice underscore the human toll of financial mismanagement.
As Judge Kaplan weighs the evidence, the prosecution advocates for a harsh sentence while SBF's defense pleads for leniency. The case highlights the delicate balance between justice and rehabilitation, as SBF's actions and demeanor during trial proceedings come under scrutiny.
The Department of Justice's pursuit of justice in this case emphasizes the seriousness of financial crimes in the cryptocurrency sphere.
As the sentencing approaches, the outcome will serve as a pivotal moment for accountability and transparency within the broader cryptocurrency community.
#SBF #FTXTrial $FTT
Dogecoin's Potential Journey to $1: A Bullish Perspective
The meme-inspired Dogecoin (DOGE) has experienced significant valuation swings, sparking speculation about its potential to reach the $1 mark in 2024.Presently trading at around $0.15 with a market cap exceeding $20 billion, DOGE remains far from its all-time high but has shown signs of recovery alongside the broader crypto market.
Several factors could drive DOGE towards $1:
Renewed Hype: Viral excitement, fueled by influencers like Elon Musk, could trigger a surge in DOGE's value, as seen during previous hype cycles.
Growing Merchant Acceptance: Increasing adoption by retailers such as AMC and the Dallas Mavericks enhances DOGE's utility and market value.Continued Development: Ongoing upgrades, including fee reductions and scalability improvements, demonstrate DOGE's commitment to functionality beyond its meme status.
Institutional Investment: Institutional interest in DOGE, coupled with its mainstream accessibility on platforms like Robinhood, may further bolster its value.
Macroeconomic Trends: Amid global economic uncertainty, cryptocurrencies like DOGE offer a hedge against traditional market woes, potentially attracting investors seeking stability.
In conclusion, while DOGE’s journey to $1 remains speculative, its unique blend of viral appeal, utility, development efforts, and macroeconomic trends could propel it towards this milestone in 2024. Traders should monitor key catalysts closely for potential investment opportunities amidst the inherent volatility of cryptocurrencies.
#Dogecoin #DOGE $DOGE
The meme-inspired Dogecoin (DOGE) has experienced significant valuation swings, sparking speculation about its potential to reach the $1 mark in 2024.Presently trading at around $0.15 with a market cap exceeding $20 billion, DOGE remains far from its all-time high but has shown signs of recovery alongside the broader crypto market.
Several factors could drive DOGE towards $1:
Renewed Hype: Viral excitement, fueled by influencers like Elon Musk, could trigger a surge in DOGE's value, as seen during previous hype cycles.
Growing Merchant Acceptance: Increasing adoption by retailers such as AMC and the Dallas Mavericks enhances DOGE's utility and market value.Continued Development: Ongoing upgrades, including fee reductions and scalability improvements, demonstrate DOGE's commitment to functionality beyond its meme status.
Institutional Investment: Institutional interest in DOGE, coupled with its mainstream accessibility on platforms like Robinhood, may further bolster its value.
Macroeconomic Trends: Amid global economic uncertainty, cryptocurrencies like DOGE offer a hedge against traditional market woes, potentially attracting investors seeking stability.
In conclusion, while DOGE’s journey to $1 remains speculative, its unique blend of viral appeal, utility, development efforts, and macroeconomic trends could propel it towards this milestone in 2024. Traders should monitor key catalysts closely for potential investment opportunities amidst the inherent volatility of cryptocurrencies.
#Dogecoin #DOGE $DOGE
KuCoin faces US money laundering charges
The U.S. Department of Justice alleges that KuCoin and its two founders were knowingly involved in money laundering.
The allegations suggest that the crypto exchange KuCoin engaged in activities that violated the Bank Secrecy Act and regulations concerning unlicensed money transmission. The U.S. Department of Justice (DOJ) emphasized that the exchange’s founders, Chun Gan and Ke Tang, tried to conceal the existence of its U.S. customers to bypass AML and KYC requirements.
The DOJ asserts that the exchange conducted operations without the necessary license for a money-transmitting business, constituting a clear breach of the Bank Secrecy Act. U.S. Attorney Damian Williams highlighted that KuCoin seemingly disregarded the country’s laws and regulations.
Williams pointed out that the exchange had processed transactions involving over $5 billion in potentially dubious and unlawful funds.
The KuCoin token’s (KCS) price dropped 5% immediately following the news.
Darren McCormack, the Deputy Special Agent in Charge for the U.S. Department of Homeland Security, emphasized the significance of the indictment. McCormack described KuCoin’s operations as an alleged criminal conspiracy on a massive scale, noting the exchange’s growth to serve over 30 million customers without adhering to legal standards critical for the safety and integrity of the global digital finance ecosystem.
Gan and Tang are both Chinese citizens and remain at large. The charges could see the founders and other related parties face up to 10 years in prison.
The U.S. Department of Justice alleges that KuCoin and its two founders were knowingly involved in money laundering.
The allegations suggest that the crypto exchange KuCoin engaged in activities that violated the Bank Secrecy Act and regulations concerning unlicensed money transmission. The U.S. Department of Justice (DOJ) emphasized that the exchange’s founders, Chun Gan and Ke Tang, tried to conceal the existence of its U.S. customers to bypass AML and KYC requirements.
The DOJ asserts that the exchange conducted operations without the necessary license for a money-transmitting business, constituting a clear breach of the Bank Secrecy Act. U.S. Attorney Damian Williams highlighted that KuCoin seemingly disregarded the country’s laws and regulations.
Williams pointed out that the exchange had processed transactions involving over $5 billion in potentially dubious and unlawful funds.
The KuCoin token’s (KCS) price dropped 5% immediately following the news.
Darren McCormack, the Deputy Special Agent in Charge for the U.S. Department of Homeland Security, emphasized the significance of the indictment. McCormack described KuCoin’s operations as an alleged criminal conspiracy on a massive scale, noting the exchange’s growth to serve over 30 million customers without adhering to legal standards critical for the safety and integrity of the global digital finance ecosystem.
Gan and Tang are both Chinese citizens and remain at large. The charges could see the founders and other related parties face up to 10 years in prison.
The securities fraud trial for #DoKwon and #TFL is expected to last around two weeks.
The opening statements from both sides took place today, and it was a clear statement of how each side will present their evidence.
The #SEC stated that "Terra was a fraud, a house of cards, and when it collapsed, investors lost nearly everything."
On the flip side, lawyers for the defense clearly expressed that while there was a failure within the project, that "failure doesn't equal fraud."
Of note, the #SEC is seeking financial payment as civil penalty, but more importantly, a government order that bars #DK and #TFL from future work in the "securities" industry.
Proving "fraud" can be extremely complex and difficult, so it will be interesting to see all of the evidence, from both sides, laid out.
The #SEC, under #GaryGensler, has a "checkered" history when it comes to cryptocurrency, regulation, and enforcement, so we must remember that the "evidence" that has been presented to the media thus far, was likely picked to help paint a specific narrative that fit his agenda.
Only time will tell how this will case will land, but even hearing the evidence over the next few weeks will give us a much better picture of all that happened
#LUNC #LUNA $LUNC $LUNA #TrendingTopic."
The opening statements from both sides took place today, and it was a clear statement of how each side will present their evidence.
The #SEC stated that "Terra was a fraud, a house of cards, and when it collapsed, investors lost nearly everything."
On the flip side, lawyers for the defense clearly expressed that while there was a failure within the project, that "failure doesn't equal fraud."
Of note, the #SEC is seeking financial payment as civil penalty, but more importantly, a government order that bars #DK and #TFL from future work in the "securities" industry.
Proving "fraud" can be extremely complex and difficult, so it will be interesting to see all of the evidence, from both sides, laid out.
The #SEC, under #GaryGensler, has a "checkered" history when it comes to cryptocurrency, regulation, and enforcement, so we must remember that the "evidence" that has been presented to the media thus far, was likely picked to help paint a specific narrative that fit his agenda.
Only time will tell how this will case will land, but even hearing the evidence over the next few weeks will give us a much better picture of all that happened
#LUNC #LUNA $LUNC $LUNA #TrendingTopic."
Do Kwon Out of Jail, Under House Arrest Pending Extradition Decision
According to various sources, Do Kwon has regained his freedom, having been discharged on Saturday. In a conversation with Bloomberg journalists Jasmina Kuzmanovic and Misha Savic, Montenegro’s prison chief Darko Vukcevic confirmed Kwon’s release, stating that he is currently under the custody of the police authority.
“We released Do Kwon from prison as his regular prison term for traveling with fake papers ended,” Vukcevic detailed. “Since he is a foreign citizen and his documents were withheld, he was taken for an interview to [the] police directorate for foreigners, and they will deal with him further.”
The latest update comes after Montenegro’s highest judicial authority deferred Kwon’s deportation to South Korea, indicating a pending decision on his eventual destination. It is now understood that Kwon, having left the jail, is under house arrest awaiting the outcome of the extradition deliberation.
#Lunc #Luna $LUNC $LUNA #HotTrends
According to various sources, Do Kwon has regained his freedom, having been discharged on Saturday. In a conversation with Bloomberg journalists Jasmina Kuzmanovic and Misha Savic, Montenegro’s prison chief Darko Vukcevic confirmed Kwon’s release, stating that he is currently under the custody of the police authority.
“We released Do Kwon from prison as his regular prison term for traveling with fake papers ended,” Vukcevic detailed. “Since he is a foreign citizen and his documents were withheld, he was taken for an interview to [the] police directorate for foreigners, and they will deal with him further.”
The latest update comes after Montenegro’s highest judicial authority deferred Kwon’s deportation to South Korea, indicating a pending decision on his eventual destination. It is now understood that Kwon, having left the jail, is under house arrest awaiting the outcome of the extradition deliberation.
#Lunc #Luna $LUNC $LUNA #HotTrends
Crypto Fugitive Do Kwon out of Montenegro Jail Pending Extradition
South Korean crypto fugitive Do Kwon was released from prison in Montenegro early Saturday as the Supreme Court deliberates on extradition requests from US and South Korea.
“We released Do Kwon from prison as his regular prison term for traveling with fake papers ended,” prison director Darko Vukcevic said by phone. “Since he is a foreign citizen and his documents were withheld, he was taken for an interview to police directorate for foreigners, and they will deal with him further.”
Kwon’s lawyer Goran Radic also confirmed his release. Kwon’s passport has been held back to prevent him from leaving the country, according to state TV.
Montenegro’s Supreme Court on Friday suspended earlier decisions by lower-level judges to extradite the former crypto mogul to South Korea, stalling an effort to hand over the Terraform Labs Pte co-founder to his native country. Penalties are less severe there than in the US, where prosecutors want to try Kwon for the $40 billion collapse of the TerraUSD algorithmic stablecoin in 2022.
The Supreme Court acted a day after the top prosecutor in the Balkan country, citing procedural errors, challenged the rulings that favored South Korea’s request. Extradition to either country is now possible only after further deliberations by the court, which offered no time-frame for a final decision when it announced its move on Friday.
#LUNC #LUNA #HotTrends $LUNC $LUNA
South Korean crypto fugitive Do Kwon was released from prison in Montenegro early Saturday as the Supreme Court deliberates on extradition requests from US and South Korea.
“We released Do Kwon from prison as his regular prison term for traveling with fake papers ended,” prison director Darko Vukcevic said by phone. “Since he is a foreign citizen and his documents were withheld, he was taken for an interview to police directorate for foreigners, and they will deal with him further.”
Kwon’s lawyer Goran Radic also confirmed his release. Kwon’s passport has been held back to prevent him from leaving the country, according to state TV.
Montenegro’s Supreme Court on Friday suspended earlier decisions by lower-level judges to extradite the former crypto mogul to South Korea, stalling an effort to hand over the Terraform Labs Pte co-founder to his native country. Penalties are less severe there than in the US, where prosecutors want to try Kwon for the $40 billion collapse of the TerraUSD algorithmic stablecoin in 2022.
The Supreme Court acted a day after the top prosecutor in the Balkan country, citing procedural errors, challenged the rulings that favored South Korea’s request. Extradition to either country is now possible only after further deliberations by the court, which offered no time-frame for a final decision when it announced its move on Friday.
#LUNC #LUNA #HotTrends $LUNC $LUNA
Rich Dad Poor Dad Author Robert Kiyosaki Advises Buying as Much Bitcoin as You Can Afford
Rich Dad Poor Dad author Robert Kiyosaki has advised investors to buy as many bitcoins as they can afford, noting that China is in trouble and this is not the time to buy stocks and bonds. “This is the time to buy real gold, real silver, and as many bitcoin as you can afford,” he stressed.
Robert Kiyosaki: Buy as Many Bitcoins as You Can
The author of Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to buy as many bitcoins as they can afford. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter.
It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki wrote on social media platform X Wednesday that China is in trouble following reports that Chinese authorities have been trying to prop up the country’s stock market through various measures.
According to the famous author, the real problem is that consumers globally have stopped buying. Emphasizing that this is not the time to buy stocks and bonds, Kiyosaki stressed that it’s the time for investors to buy gold, real silver, and as many bitcoins as they can afford.
The acclaimed author has long been recommending gold, silver, and bitcoin. He calls them “real assets,” unlike fiat currencies which he terms “fake money.” However, earlier this month, he pointed out a problem with investing in gold and silver, stating that as their prices go up, more gold and silver are discovered and mined. In contrast, he praised bitcoin’s limited supply of 21 million coins.
Last month, Kiyosaki predicted a potential crash for gold, possibly tanking below $1,200. However, he remains bullish on silver and bitcoin, expecting them to “take off.” He also expects BTC to reach $100K by June this year. Earlier this month, he said bitcoin should hit $300 this year.
#HotTrends #BTC🔥🔥🔥🔥 $BTC $ETH
Rich Dad Poor Dad author Robert Kiyosaki has advised investors to buy as many bitcoins as they can afford, noting that China is in trouble and this is not the time to buy stocks and bonds. “This is the time to buy real gold, real silver, and as many bitcoin as you can afford,” he stressed.
Robert Kiyosaki: Buy as Many Bitcoins as You Can
The author of Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to buy as many bitcoins as they can afford. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter.
It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki wrote on social media platform X Wednesday that China is in trouble following reports that Chinese authorities have been trying to prop up the country’s stock market through various measures.
According to the famous author, the real problem is that consumers globally have stopped buying. Emphasizing that this is not the time to buy stocks and bonds, Kiyosaki stressed that it’s the time for investors to buy gold, real silver, and as many bitcoins as they can afford.
The acclaimed author has long been recommending gold, silver, and bitcoin. He calls them “real assets,” unlike fiat currencies which he terms “fake money.” However, earlier this month, he pointed out a problem with investing in gold and silver, stating that as their prices go up, more gold and silver are discovered and mined. In contrast, he praised bitcoin’s limited supply of 21 million coins.
Last month, Kiyosaki predicted a potential crash for gold, possibly tanking below $1,200. However, he remains bullish on silver and bitcoin, expecting them to “take off.” He also expects BTC to reach $100K by June this year. Earlier this month, he said bitcoin should hit $300 this year.
#HotTrends #BTC🔥🔥🔥🔥 $BTC $ETH
Fostering a Positive Investment Culture: Upholding Respect and Responsibility
Treating your bags and projects with respect underscores the importance of recognizing the value inherent in your investments. At the core of this principle lies the acknowledgment that your hard-earned money is at stake, symbolizing the dedication and commitment you've allocated to these ventures.
When you engage in discussions or share information about your investments, maintaining a positive approach is paramount. This positivity extends beyond mere optimism; it encompasses a responsible and constructive attitude that contributes to a healthy investment environment. By refraining from indulging in dramas or actions that could deter potential investors, you uphold the integrity of the investment landscape and foster an atmosphere conducive to growth and sustainability.
Positive communication about your investments serves several purposes. Firstly, it instills confidence in existing investors, reaffirming their decision to participate in the venture.
Secondly, it creates an inviting atmosphere for new investors, presenting your projects as promising opportunities worthy of consideration. Thirdly, it cultivates a culture of trust and transparency within the investment community, which is essential for fostering long-term relationships and partnerships.
Conversely, engaging in negative discourse or drama surrounding your investments can have detrimental effects. It may sow seeds of doubt among existing investors, eroding their trust and potentially prompting them to divest. Moreover, it can dissuade prospective investors from getting involved, as they may perceive such behavior as indicative of instability or unreliability within the project.
Ultimately, by maintaining a positive approach and refraining from actions that could harm or deter investors, you contribute to the overall health and sustainability of your investments. This mindset not only reflects a commitment to responsible stewardship of your financial resources.
#HotTrends #BTC
Treating your bags and projects with respect underscores the importance of recognizing the value inherent in your investments. At the core of this principle lies the acknowledgment that your hard-earned money is at stake, symbolizing the dedication and commitment you've allocated to these ventures.
When you engage in discussions or share information about your investments, maintaining a positive approach is paramount. This positivity extends beyond mere optimism; it encompasses a responsible and constructive attitude that contributes to a healthy investment environment. By refraining from indulging in dramas or actions that could deter potential investors, you uphold the integrity of the investment landscape and foster an atmosphere conducive to growth and sustainability.
Positive communication about your investments serves several purposes. Firstly, it instills confidence in existing investors, reaffirming their decision to participate in the venture.
Secondly, it creates an inviting atmosphere for new investors, presenting your projects as promising opportunities worthy of consideration. Thirdly, it cultivates a culture of trust and transparency within the investment community, which is essential for fostering long-term relationships and partnerships.
Conversely, engaging in negative discourse or drama surrounding your investments can have detrimental effects. It may sow seeds of doubt among existing investors, eroding their trust and potentially prompting them to divest. Moreover, it can dissuade prospective investors from getting involved, as they may perceive such behavior as indicative of instability or unreliability within the project.
Ultimately, by maintaining a positive approach and refraining from actions that could harm or deter investors, you contribute to the overall health and sustainability of your investments. This mindset not only reflects a commitment to responsible stewardship of your financial resources.
#HotTrends #BTC
