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SEC Trial: US Jury Finds #DoKwon , #Terraform Labs Fraudulent A US jury held Terraform Labs and co-founder Do Kwon responsible for civil fraud over the 2022 Terra ecosystem catastrophe, Bloomberg reported Friday. Do Kwon faces criminal charges in the US and South Korea for the unexpected collapse of the famous crypto project, which lost $40 billion in investor funds. The SEC sued Terraform Labs and Do Kwon in February 2023 for organizing a multi-billion dollar crypto fraud involving the selling of several digital assets, including LUNA and Terra USD. Bloomberg reports that a seven-person New York jury has found the defendants guilty of fraud in this federal case, bolstering the SEC's digital asset market crackdown. Do Kwon and Terraform Lab said Chai, a major South Korean payment processing company, used the Terra blockchain network during the two-week experiment. The jury also found that the defendants misled investors about the soundness of the UST stablecoin, whose de-peg from the US Dollar caused the Terra ecosystem collapse. In response, SEC enforcement director Gurbir Grewal emphasized the agency's goal for a cryptocurrency legal and regulatory framework. Our team's hard work indicates that we will continue to utilize our powers to safeguard investors, but crypto markets must comply. The SEC won liability claims against Kwon and Terraform after the New York Jury. Next, the securities watchdog wants a court ruling on civil fines, ill-gotten earnings, and prejudgment interests from the defendants. Montenegrin Supreme Court Overturns Do Kwon's Extradition. Another development: the Supreme Court of Montenegro reversed a lower court's extradition order for Do Kwon to South Korea. An appellate court rejected Kwon's legal team's appeal, prompting a petition by the Supreme State Prosecutor's Office of the Balkan country, alleging authority and procedural irregularities. The Montenegrin Supreme Court sided with the Prosecutor's Office and reevaluated the US and South Korean extradition demands for the prominent crypto personality. #LUNC #LUNA $LUNC
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$BONK Price Forecast: A 5% Drop in Value Overnight Overnight, Bonk (BONK) had a significant 4% drop, which has sparked curiosity about its market dynamics and prompted discussion about possible possibilities to purchase the dip. Based on its present trading status of $0.000023 and recent activity, such as a 4.20% growth in the past 24 hours and a healthy trading volume that places it 71st on CoinMarketCap with a sturdy market value of $1.475 billion, this Bonk price forecast is based on solid data. At $0.000021, there is a pivot point in the Bonk technical picture that might signal a change in market sentiment. Levels of immediate resistance are $0.000024, $0.000026, and $0.000028, while levels of support are $0.000020, $0.000018, and $0.000016, in that order. With an RSI of 44, Bonk seems to be in a neutral market, allowing for potential price appreciation. Additional technical research has shown a double bottom pattern, which provides solid support at about $0.000021. There may be an increase in purchasing activity if this pattern is combined with bullish candlestick patterns. Support around $0.000024 from the 50-Day Exponential Moving Average (EMA) is further bolstered by the present bullish mindset. Based on these technical indications, it seems that Bonk is now trending upwards, surpassing the $0.000021 mark. Traders should exercise caution, however, since a price dip below this level can trigger a precipitous fall. The present price action and chart patterns are consistent with the hypothesis that a purchasing trend may be taking place, as shown by the interaction between the RSI and 50 EMA. In conclusion, market investors should actively follow these critical price levels and technical indications, even if Bonk's present performance suggests a positive attitude. #BullorBear #Memecoins #BONK
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Is Arbitrum's (ARB) Decline Nearing Its Peak? After Bitcoin and several other currencies, including Ethereum, reached new all-time highs, the crypto market as a whole has been seeing a decline; Arbitrum (ARB) was no exception. Trading below the 100-day Moving Average (MA) has persisted for a while for Arbitrum, a cryptocurrency with a lot of promise—a market valuation of over $3.8 billion and 2,653,939,384 ARB in circulation—. But ARB's price has been exhibiting reversal signals as of late. At the time of writing, Arbitrum has risen 1% in the last 24 hours, trading at about $1.45. Just ahead of the price, at $1.799 and $2.278, there are two significant resistance levels. Looking at the Relative Strength Index (RSI) indicator from the 4-hour period, we can see that the RSI line is moving up and approaching the 50 level, after having risen above the oversold zone. If the relative strength index (RSI) line breaks out over the 50 mark, it can signal the beginning of a new trend and suggest that prices are going up. By examining the 4-hour MACD formation in the figure above, we can see that the MACD line and the signal line, which had been trending below the MACD zero line for some time, have now crossed and are moving in the same direction as the MACD zero line. Finally, the 1-hour bull power versus bear power histogram indication reveals that the histograms are already moving over the zero level when examining the chart from the 1-hour time frame. The picture below shows that buyers are progressively displacing sellers in the market. Finally, ARB might retest its prior significant resistance levels of $1.799 and $2.278 and perhaps go farther to build a new high if the price of Arbitrum manages to alter its orientation from downward to upward. However, the price of the cryptocurrency asset can fall even lower to reach a new low if Arbitrum doesn't rise. #ARB #BullorBear #Arbitrum $ARB
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Can the #Shiba Inu Price Reach $1 if $SHIB Surpasses Bitcoin Cash? As of its most recent price of $0.0000269, SHIB's market valuation is about $16 billion. At its final valuation, Bitcoin Cash was worth little more than $13 billion. Although SHIB has fallen 40% from its March highs of $0.000045, it is still 2.5 times higher than a year ago. Meme coin risk appetite spiked unexpectedly a month ago, when Bitcoin achieved new all-time highs, and that was the spark that set it all off. In March, on the heels of January's US approval of spot Bitcoin ETFs, Bitcoin's (BTC) value almost reached $74,000. It goes without saying that this launch has surpassed all others in terms of success for ETFs. The price of Shiba Inus still has a ways to go, even if Bitcoin is back at record highs. It dropped 70% from its all-time high of $0.00009 in 2021. Because of this bull market, SHIB might still see increases of three times its current value, or even more, if the meme coin craze manages to transcend its ridiculous high from 2021. If the group chooses to remove a few zeroes from the overall supply, then $1 SHIB is certainly within the realm of possibility. For SHIB to reach $1 at its present price of $0.000027, its price would have to rise roughly 40,000 times. If that happened, its market valuation would skyrocket to an unfathomably high $640 trillion—more than the combined value of all assets on Earth. The Shiba Inu price is likely to retest its mid-March lows around the $0.000024 range, according to a cursory examination of the SHIB chart. In addition to the 50DMA, that is a very robust support zone. A possible break of the current decline in the Shiba Inu price is imminent if it finds solid support below $0.000024. The Shiba Inu price may soon reverse its downward trend if it finds solid support here. We may see a rapid return to its recent highs in the $0.000045s if that happens. #BullorBear #Memecoins #SHIB
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Where Is the Sweet Spot to Buy #Ethena (ENA) Right Now? Ethena (ENA) distinguishes out from the crowd because to its novel offering and decentralized governance style. An innovative economic ecosystem is being enabled by ENA, the designated governance token of Ethena, a state-of-the-art protocol that seeks to transform the decentralized financial bond system beyond conventional banking. As you go into analysis for the forecast of Ethena (ENA) prices, it becomes more important to understand the basics. Just as crucial are the variables that impact the pricing of ENA, and we shall investigate them thoroughly. This article seeks to shed light on ENA's performance by using machine learning algorithms and fundamental analysis to provide detailed price predictions. The next sections will provide a comprehensive overview of Ethena (ENA) for both investors and fans, including topics such as the operating structure on Binance Launchpool and strategic investment techniques. How Much Will Ethena (ENA) Cost? Delving into the future, the price estimates for Ethena (ENA) reveal an intriguing development trajectory, which reflects the potential of Ethena's new financial solutions and the overall dynamics of the cryptocurrency industry. Predictions for Ethena's (ENA) market capitalization after debuting on Binance vary from $0.7 to $1.3, with a price per ENA token of $0.7 to $1.8 billion. We are certain that Ethena, with its strong mechanism, steadfast dedication, and innovative idea, can overcome a few significant obstacles and become one of the most captivating stories of the year, with a market valuation in the billions. A more detailed examination of the projected numbers for the far future is presented here: ENA Price Forecasts for the Years 2024–2030: 2024: The price is expected to fluctuate between $2.50 and $4.50 2025: A significant jump, with prices ranging from $4.50 to $7.00 2026: Doubling down, the forecast suggests a range of $7.00 to $10.50 #ENA #BinanceLaunchpool #BullorBear $ENA
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