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$LUNC 🔥📈Latest Developments in Terra Luna Classic and SEC Case Against Terraform Labs
Legal Updates
Terraform Labs and its CEO, Do Kwon, have recently reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC). This settlement comes after the SEC charged them with defrauding investors through the TerraUSD (UST) stablecoin and other crypto asset securities. Initially, the SEC sought $5.3 billion in fines, but the details of the final settlement are still pending court approval
Do Kwon, who was arrested in Montenegro for using falsified travel documents, remains embroiled in legal battles and faces potential extradition to either the U.S. or South Korea. The settlement agreement with the SEC has provided some relief to the Terra ecosystem tokens, with LUNA and LUNC showing positive price movements following the news.
#Market impact
The news of the settlement has had a noticeable impact on the market. Terra Classic (LUNC) and Terra (LUNA) saw significant gains. LUNC's price increased by about 15% shortly after the settlement announcement, reflecting renewed investor confidence. This surge is part of a broader positive trend for Terra ecosystem tokens, with LUNA also experiencing a notable price increase
Despite these gains, the market remains cautious due to ongoing legal uncertainties. The broader cryptocurrency market has been experiencing fluctuations, influenced by various factors including regulatory developments and market sentiment.
#BTC #latestnews #dip
Legal Updates
Terraform Labs and its CEO, Do Kwon, have recently reached a tentative settlement with the U.S. Securities and Exchange Commission (SEC). This settlement comes after the SEC charged them with defrauding investors through the TerraUSD (UST) stablecoin and other crypto asset securities. Initially, the SEC sought $5.3 billion in fines, but the details of the final settlement are still pending court approval
Do Kwon, who was arrested in Montenegro for using falsified travel documents, remains embroiled in legal battles and faces potential extradition to either the U.S. or South Korea. The settlement agreement with the SEC has provided some relief to the Terra ecosystem tokens, with LUNA and LUNC showing positive price movements following the news.
#Market impact
The news of the settlement has had a noticeable impact on the market. Terra Classic (LUNC) and Terra (LUNA) saw significant gains. LUNC's price increased by about 15% shortly after the settlement announcement, reflecting renewed investor confidence. This surge is part of a broader positive trend for Terra ecosystem tokens, with LUNA also experiencing a notable price increase
Despite these gains, the market remains cautious due to ongoing legal uncertainties. The broader cryptocurrency market has been experiencing fluctuations, influenced by various factors including regulatory developments and market sentiment.
#BTC #latestnews #dip
How do you still have money to buy the #dip ? Genuine question lol
Tip me so that I don’t miss this dip!
Tip me so that I don’t miss this dip!
Bank of America and Citi Advise Caution on Stocks if Trump Win Sparks Rally 🚨
Bank of America (#BofA ) joins Citigroup in advising investors to consider selling any rally in U.S. stocks if Donald Trump wins the election. BofA’s Michael Hartnett argues that a #Trump victory, especially with a Republican-controlled Congress, could lead to tax cuts and immigration controls that drive inflation and interest rates higher, making stocks riskier.
This contrasts with the consensus that Trump’s policies would boost equities by benefiting corporate earnings. Conversely, Hartnett views a Kamala Harris win as favorable for tech stocks, suggesting any #dip should be bought, especially in Chinese tech.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
Bank of America (#BofA ) joins Citigroup in advising investors to consider selling any rally in U.S. stocks if Donald Trump wins the election. BofA’s Michael Hartnett argues that a #Trump victory, especially with a Republican-controlled Congress, could lead to tax cuts and immigration controls that drive inflation and interest rates higher, making stocks riskier.
This contrasts with the consensus that Trump’s policies would boost equities by benefiting corporate earnings. Conversely, Hartnett views a Kamala Harris win as favorable for tech stocks, suggesting any #dip should be bought, especially in Chinese tech.
If you enjoy my content, feel free to tip me ❤️
#Binance
#crypto2024
#crypto market is designed in a way to liquidate small and impatient traders. The only way to get #profit is to buy the #dip and then wait for the #pump .Other than that there is no candle formation idea, neither any plan nor any strategy works other than by luck and no pattern is valid. This #cryptomarket is only a monoply.
Will Bitcoin Recover? 🔁
Amidst Bitcoin's recent #dip to $38,500, signs of a potential recovery emerge.
The introduction of the first US spot Bitcoin ETFs faced challenges, with the Grayscale Bitcoin Trust (#GBTC ) experiencing outflows, possibly tied to its conversion.
On-chain metrics, specifically the Advanced Network Value to Transaction (#NVT ) Signal, suggests oversold conditions, mirroring the 2022 bear market.
Long-term holders (LTHs) displayed capitulatory behavior, sending coins to exchanges at a loss, raising concerns of a deeper downturn.
As the industry debates whether Bitcoin has bottomed, attention remains on ETF flows, institutional moves, and hodler sentiment.
#Binance
#crypto2024
Amidst Bitcoin's recent #dip to $38,500, signs of a potential recovery emerge.
The introduction of the first US spot Bitcoin ETFs faced challenges, with the Grayscale Bitcoin Trust (#GBTC ) experiencing outflows, possibly tied to its conversion.
On-chain metrics, specifically the Advanced Network Value to Transaction (#NVT ) Signal, suggests oversold conditions, mirroring the 2022 bear market.
Long-term holders (LTHs) displayed capitulatory behavior, sending coins to exchanges at a loss, raising concerns of a deeper downturn.
As the industry debates whether Bitcoin has bottomed, attention remains on ETF flows, institutional moves, and hodler sentiment.
#Binance
#crypto2024
Are Bitcoin and Ethereum Headed for a Short-Term Correction Despite Nearing All-Time Highs? 😱
#Bitcoin and Ethereum are on a tear, reaching near all-time highs!
But hold your horses, crypto cowboys, because experts are warning of a potential short-term price #dip .
Buckle up, because we're diving into the frothy market signs – think sky-high trading activity and extreme price swings – that could trigger a #correction .
Don't ditch your crypto just yet, though, as fresh highs are still expected. Just remember, staying cool and having a solid strategy is key to navigating this wild crypto ride!
#Binance
#crypto2024
#Bitcoin and Ethereum are on a tear, reaching near all-time highs!
But hold your horses, crypto cowboys, because experts are warning of a potential short-term price #dip .
Buckle up, because we're diving into the frothy market signs – think sky-high trading activity and extreme price swings – that could trigger a #correction .
Don't ditch your crypto just yet, though, as fresh highs are still expected. Just remember, staying cool and having a solid strategy is key to navigating this wild crypto ride!
#Binance
#crypto2024
🔻🔻🔻Germany Selling off Bitcoin!!!!
Was this Cause of the dip?🔻🔻🔻
Let's explore the recent developments related to Bitcoin and Germany:
1. **Bitcoin Slump and Volatility**:
- Bitcoin's price has experienced a **3.5% drop** over the past 24 hours, currently hovering around **$64,700**. This decline is part of a broader trend, with Bitcoin losing nearly **9%** in the last two weeks.
- The recent volatility has raised concerns among investors and traders.
2. **German Authorities Selling Seized Bitcoin**:
- Germany, Europe's largest economy, has initiated the sale of a substantial stockpile of Bitcoin. These assets were confiscated from the operators of the movie piracy website **Movie2k.to** in **2020**.
- The German government has reportedly sold over **$195 million** worth of BTC within the past 24 hours. Additionally, they moved even larger sums between multiple wallets on Wednesday.
- Blockchain analytics firm **Arkham** has been monitoring these transactions, highlighting the potential impact on the cryptocurrency market.
3. **Further Sales and Market Implications**:
- The ongoing sale of seized Bitcoin by German authorities could continue, potentially affecting market dynamics.
- Investors are closely watching these developments, as large-scale transactions can influence Bitcoin's price and overall sentiment.
#Write2Earn #bitcoin #dip $BTC
Was this Cause of the dip?🔻🔻🔻
Let's explore the recent developments related to Bitcoin and Germany:
1. **Bitcoin Slump and Volatility**:
- Bitcoin's price has experienced a **3.5% drop** over the past 24 hours, currently hovering around **$64,700**. This decline is part of a broader trend, with Bitcoin losing nearly **9%** in the last two weeks.
- The recent volatility has raised concerns among investors and traders.
2. **German Authorities Selling Seized Bitcoin**:
- Germany, Europe's largest economy, has initiated the sale of a substantial stockpile of Bitcoin. These assets were confiscated from the operators of the movie piracy website **Movie2k.to** in **2020**.
- The German government has reportedly sold over **$195 million** worth of BTC within the past 24 hours. Additionally, they moved even larger sums between multiple wallets on Wednesday.
- Blockchain analytics firm **Arkham** has been monitoring these transactions, highlighting the potential impact on the cryptocurrency market.
3. **Further Sales and Market Implications**:
- The ongoing sale of seized Bitcoin by German authorities could continue, potentially affecting market dynamics.
- Investors are closely watching these developments, as large-scale transactions can influence Bitcoin's price and overall sentiment.
#Write2Earn #bitcoin #dip $BTC
🤔 SOME THINGS NEVER CHANGE...
We all have that one friend who already burned himself multiple times and keeps buying at the top.
Share with your friends who are like that 😂
#bitcoin #dip #marketcrash #bitcoinmeme #meme
We all have that one friend who already burned himself multiple times and keeps buying at the top.
Share with your friends who are like that 😂
#bitcoin #dip #marketcrash #bitcoinmeme #meme
Complementary reward upto 3USDT🎁🎁💰
Claim reward here🎁🎁💰
Claim reward here🎁🎁💰
**Ignore this and get rekt**
#CryptoMarketImpact
The entire market for the main Big coins is about to go down.
$BTC - 34-35k
$ETH -1900-2000k
$SOL -70
Please match your coin rates with these main coins and get ready for the dip.
#Write2Earn #dip #correction
#CryptoMarketImpact
The entire market for the main Big coins is about to go down.
$BTC - 34-35k
$ETH -1900-2000k
$SOL -70
Please match your coin rates with these main coins and get ready for the dip.
#Write2Earn #dip #correction
Here is why i'm holding my altcoins with all this WAR panic.
1. If the war doesn't escalate., our altcoins will pump and we will be rich again.
2. War escalate, means we will be dead anyway. So it won't make difference if we sold the dip or not.
#dip #btc #short #bitcoinhalving #war
1. If the war doesn't escalate., our altcoins will pump and we will be rich again.
2. War escalate, means we will be dead anyway. So it won't make difference if we sold the dip or not.
#dip #btc #short #bitcoinhalving #war