LUNA Price Surges Amid Upcoming Sentencing of Terraform Labs Co-Founder
According to Odaily, the price of LUNA has risen to 0.1420 USDT, marking a 24-hour increase of over 35%. This surge is reportedly influenced by the impending sentencing of Terraform Labs co-founder Do Kwon.
Do Kwon is scheduled to be sentenced this Thursday in New York, having previously pleaded guilty to two felony charges: wire fraud and conspiracy to commit fraud. Ahead of the sentencing, U.S. Federal Judge Paul Engelmayer has requested that both the prosecution and defense clarify the charges Kwon faces in South Korea, as well as the potential maximum and minimum sentences, to assess the international judicial risks involved.
The largest validator of the Terra Classic chain has become DutchLUNC. All of the $LUNC coins staked with several validators, including Auto-Stake, have been collected by the new validator. We do not know who controls the DutchLUNC validator, and we are curious.
$USTC @Binance Labs Binance's failure to adjust the percentage in the 24-hour period according to USTC is a sign of manipulation and influencing inexperienced users.
For the lies he told after launching Luna 2.0 without saving Lunc with the billions that were and still are available, he deserves more than 12 years in prison.
OldWolf Futures
--
LOCK HIM UP: Do Kwon’s 12-Year Sentence Demand
The hammer just dropped. US prosecutors are pushing for a brutal 12-year prison sentence for Terraform co-founder Do Kwon. This is the government seeking maximum accountability for the catastrophic $40 billion collapse that wiped out countless portfolios. The failure of $LUNA and $LUNC was a turning point for the entire industry. This sentence demand sets a massive precedent. Accountability is no longer optional.
$1000LUNC Lunc isn't 70% up; I don't know what's going on here. Adjusting the percentage is a great way for inexperienced users to manipulate things. @CZ @Binance Labs
That is the goal of centralization, because the market will continue to be controlled solely by whales, just like fiat currencies and banks.
Binance News
--
Bitcoin Price Movements Could Trigger Significant Liquidations on Major Exchanges
According to ChainCatcher, data from Coinglass indicates that if Bitcoin surpasses $94,066, the cumulative liquidation intensity of short positions on major centralized exchanges will reach $1.898 billion. Conversely, if Bitcoin falls below $85,136, the cumulative liquidation intensity of long positions on these exchanges will amount to $1.027 billion.
What is dead cannot be killed again, and it doesn't matter what you say, it is dead; only influencers are keeping it alive.
Crypto News Portal
--
Bullish
The CoinGecko X page highlighted the striking rise of LUNC... Important shares for the one said to be dead $LUNC ... "Those said to be dead may never die."
Big news from #Binance Yi He, the Strategic Mastermind behind Binance’s global success, has been appointed Co-CEO alongside Richard Teng at Binance Blockchain Week Dubai. This is the biggest leadership shift since CZ stepped down in Nov 2023.
Who is Yi He? 1️⃣ Born 1986 in rural Sichuan, China 2️⃣ Started from humble beginnings handing out soft drinks 3️⃣ Co-founded OKCoin & recruited CZ as CTO 4️⃣ Former VP at Yixia Technology, boosted valuation to $3B
Her Binance Journey 🔹 Joined Binance one day before launch in 2017 (without a salary!) 🔹 Created Binance’s Chinese name: “crypto + safe” 🔹 Led marketing, branding, customer service & Binance Labs Built BNB Chain ecosystem, launched Binance Launchpad & ICO platform Helped grow Binance to 280M+ global users
Driving Crypto Adoption 🔹 30,000+ Web3 scholarships, many for women in developing countries 🔹 Binance Labs: $7.5B AUM, 200+ portfolio projects, 21x ROI 🔹 Supported projects like Polygon, Certik, Nym, Dune Analytics
Vision as Co-CEO 🔹 Spearhead marketing, product, community initiatives 🔹 Drive global crypto adoption & Web3 innovation 🔹 Partner with Richard Teng on regulatory expansion
Goal: 1 billion users globally 🔹 Industry Recognition 🔹 Bloomberg: “Crypto’s most powerful woman” 🔹 CZ: “Yi He should have been CEO from day 1” 🔹 Shaped Binance’s DNA with community-first culture
Yi He proves that behind every face of a global crypto empire, there’s a strategic powerhouse driving innovation and adoption. Binance’s next chapter is here and it’s led by a visionary.
Congratulations to Yi He on becoming Co-CEO of Binance! A true visionary shaping the future of crypto and Web3 innovation.
Today, I’m proud to share that our co-founder, @Yi He , has stepped into the role of Co-CEO.
Yi has been a core part of Binance since the very beginning. Her vision, instinct for users, and relentless commitment to innovation have shaped our culture and guided us through every chapter of our journey.
This appointment reflects the meaningful leadership she has already been exercising across the organization. As we move forward, Yi and I are fully aligned in our mission to strengthen Binance as a trusted and responsible global platform. Our focus remains clear: deepen our regulatory foundations, advance innovation, and ensure that users remain at the center of everything we do.
Together, we will continue building a more resilient, transparent, and long-term ecosystem for digital assets, an ecosystem that empowers people everywhere to participate in the future of finance.
I look forward to leading this next stage of growth alongside Yi, and to continuing our work to responsibly accelerate global crypto adoption.
$USTC They have beautifully emptied the Terra coins and continue to do so; the major exchanges doing this are directly taking in the investor's $LUNC and $LUNA regardless of which level the investor buys in at, and they start to incur losses from the moment they make a purchase. At the point we have reached today, we understand that Terra is trading at a level it has not seen during its collapse, and it seems that the ones who truly sank Terra were the exchanges, as there is no other explanation for this. In 2023, there was an exchange that supported it; what happened to the exchange we are writing about now that Ustc, lunc, and luna have fallen to this level?
$USTC The worst thing about crypto is that institutions, exchanges, and market makers flood the markets with coins and then dump them for years to force investors who bought them to sell again. This is a calculated strategy and massively damages the market.