Cryptocurrency creator who made billions and collapsed admits fraud and will return $19 million
Do Kwon, responsible for the collapse of Luna and TerraUSD, could face up to 12 years in prison
South Korean developer Do Kwon, creator of the cryptocurrencies TerraUSD (UST) and Luna, admitted to participating in a fraudulent scheme that resulted in one of the largest collapses in the history of the crypto market. In 2022, the Terra ecosystem moved over $60 billion before collapsing, causing billion-dollar losses to investors worldwide.
According to authorities, Kwon concealed information about the fragility of the so-called “algorithmic stablecoin” TerraUSD, which promised to maintain parity with the dollar but lost its peg in May 2022. The event triggered a cascading drop in the value of Luna, leading to total losses for millions of people.
As part of a court agreement, the businessman committed to returning $19 million. Despite this, he could still face up to 12 years in prison in South Korea. Kwon is also the target of actions in the United States, including lawsuits filed by the Securities and Exchange Commission (SEC).
The case is considered a negative milestone for the digital asset sector, reigniting debates about the need for stricter regulation to protect investors and prevent new large-scale frauds. ⚠️ Investor alert: experts emphasize that it is essential to avoid investing in any cryptocurrency or digital asset without fully understanding the risks involved, as the sector is highly volatile, without guarantees, and still poorly regulated. $LUNC
How can Lulu have so many accomplices? I am angrier at the bastard who only receives the bulk of this government and still idolizes it, honestly man I have no respect for PT supporters.
Cryptocurrencies are not 'based' on the dollar in a technical sense. It is used only as a reference. The ideal is to set politics aside and focus more on crypto analysis.
Rosana123
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I am amazed by those who come here to speak ill of the USA but invest in cryptocurrencies that are based on the US dollar. If that is not hypocrisy, I don't know what is.
Bitcoin pulls back after new all-time high and threatens altcoin market
After reaching a new all-time high of $122,838 on July 14, Bitcoin lost momentum and is now trading sideways between $117,000 and $118,500, following a sharp decline to $116,000. The recent movement brought volatility and raised alerts in the market.
$BTC $ETH According to analyst Melikatrader94, BTC is forming a bearish structure known as Quasimodo (QML), suggesting a possible drop to the $113,000 region, where critical support is located.
⚠️ This retracement could heavily impact the performance of altcoins, which had been showing significant gains: • XRP broke its 8-year resistance and reached $3.65, but is already showing signs of stagnation; • Ethereum (ETH) surpassed $3,600, but pulled back and is now consolidating below $3,500.
If Bitcoin loses the support at $116,000, the market may face a wave of liquidations. However, there is also the possibility of an "altseason" (altcoin season) if these cryptos decouple from BTC and maintain their own rallies.
🎯 Stay alert: BTC's behavior in the coming days will be crucial to define the direction of the crypto market.
🚨 PANDEMONIUM IN THE CRYPTO MARKET! Customers of BitcoinToYou are in despair: withdrawals frozen, support disappeared, and rumors of a million-dollar scam are gaining strength!
💥 “Is this the end of BitcoinToYou?” Everything indicates yes. The Brazilian brokerage, one of the oldest in the country, has collapsed! Since April 2024, customers have reported blocked withdrawals, constant errors on the platform, and support that has simply evaporated. The atmosphere? TOTAL CHAOS!
🧨 Panic-stricken investors: “My entire salary is there! What now?” – says one of the thousands of users who cannot recover a single cent from their accounts. Many claim that their investments have been stuck for months, with no explanation. To make matters worse, the brokerage has closed its CNPJs in Brazil and is now operating through a ghost company in the Seychelles. Scam in sight?
Suspicions of fraudulent schemes and money laundering It doesn't stop there: documents show that the partners are fighting in court over more than 770 missing bitcoins — that's right, more than R$ 250 million has disappeared from the map. One of the founders accuses the other of embezzling fortunes since 2019!
Support deactivated, networks silent While investors cry out for answers, what does the company do? It shuts down contact channels, deletes messages, and pretends nothing is happening. It’s as if BitcoinToYou has evaporated with everyone’s money. On Reclame Aqui? A torrent of unanswered complaints and a rejection score almost at zero!
Customers mobilize Fearing they might lose everything, users are organizing for collective actions and reports to the Civil Police, the Public Ministry, and even the CVM. Some say it’s “the biggest disappearance of crypto assets in Brazil.” Attention, investors: If you have funds trapped in BitcoinToYou, seek URGENT legal help. Don't wait for the platform to function again as if nothing had happened — the signs are clear: something very serious is happening!
You might be witnessing the biggest collapse of a Brazilian exchange in recent times — and it may just be the beginning.
Yes, that's right! After a lot of political bickering, cold coffee in Congress, and discussions that would make a good episode of “House of Cards”, the US finally said: “Okay, let’s organize this stablecoin mess!”
GENIUS, besides being a name that sounds smart (seriously, it sounds like a Silicon Valley startup name), is now real LAW in the United States!
The summary of the situation: 1. Senate? Approved! On June 17, the senators stamped the “yes” with 68 votes. 2. House? Also! On July 17, the representatives gave the green light: 308 in favor and only 122 against (probably because they prefer Bitcoin). 3. President Trump? Signed without mercy! On July 18, he signed and posted on Truth Social something like: “America leading the future of finance. Stablecoins: Make Crypto Great Again!” (okay, maybe that’s an exaggeration or not).
And what does this GENIUS law do?
It basically looks at the world of stablecoins (those digital coins that try to be stable, like USDT or USDC) and says: • “Want to exist in the US? Then have real backing.” • “No magical, algorithmic stablecoin without a penny in the bank.” • “Mandatory audits. No tricks, no disappearing acts like FTX.” • “Want to issue? Register, be transparent, and follow the rules.”
And why is this a big deal?
Because now the US has a legal framework for stablecoins. Big institutions, banks, and fintechs now have legal security to enter the game. You can even see a bank CEO smiling with a coffee in hand saying: “Let’s tokenize that dollar right there!”
But not everything is rosy… Some in the crypto world are having doubts: “Will it centralize too much? And privacy? And the small projects?” Well, as that modern philosopher would say:
“With great power, comes great scrutiny from the SEC.”
When does the fun start? In 2026, the law really comes into effect, with the Federal Reserve and regulators getting their hands dirty — or rather, in the codes.
Bitcoin sees long-term holders selling as short-term buyers enter – a sign of rally exhaustion? As Bitcoin (BTC) continues to hit new all-time highs, reaching $123,218 on Binance on July 13, on-chain data reveals a shift in holder behavior that could threaten the cryptocurrency's upward momentum. According to an analysis by CryptoQuant by IT Tech, long-term Bitcoin holders (LTH) – those holding BTC for more than 155 days – have entered a net distribution phase, suggesting that experienced investors are taking profits. Meanwhile, short-term holders (STH) – those holding BTC for less than 155 days – have recently turned positive in liquidity, indicating they are buying in the current BTC rally in anticipation of further gains. $BTC
US regulates stablecoins, a watershed moment for crypto in finance
In a historically significant act for the world of finance, President Trump signed a law that creates the legal and regulatory framework for the issuance and widespread use of stablecoins.
Approved yesterday by Congress, the Guiding and Establishing National Innovation for US Stablecoins Act – the Genius Act – is the first federal legislation in the US specifically addressing cryptocurrencies, establishing the rules for digital currencies pegged to the dollar to be used in everyday transactions.
The total market cap of crypto assets has reached US$ 4 trillion – its new historical high.
According to Bloomberg, the fundraising in July for Bitcoin funds has already reached US$ 5.5 billion, and those for Ether have already hit US$ 2.9 billion.
In my opinion, it was one of the biggest thefts and putting money into it is like burning it. Before investing in any crypto, especially if it's new to the market, it's better to study about it.
📊 Possible scenarios: • 🔹 Short term: Sideways movement between $21 and 23 • 🔸 Breaking $22.6 may lead to $24.5 • 📈 Medium to long term: Optimistic projections indicate a potential of $31 to 43 by the end of 2025
Suggested strategy: Possible entries while the $20 support holds. Initial target: $22.5 → Secondary target: $24+ ⚠️ Recommended stop-loss: below $20
🚨 This content is for informational purposes and does not constitute investment advice. Always conduct your own analysis.
Price projections: • 🔹 Short term: Sideways with slight increase ($15.3–15.6) • 🔸 Medium term: Possible advance up to $16–17 • 🔻 Long term: Estimates range between $14 and $59 (with high uncertainty) $KSM KSM shows signs of recovery and technical strength in the short term. Cautious entries are viable, with a stop-loss below $15.30. Risk management is essential, given the market volatility.
⚠️ This content is not a recommendation to buy or sell. Always conduct your own analysis.
Technical and Fundamental Analysis of the Cryptocurrency Avalanche (AVAX)$AVAX The cryptocurrency Avalanche (AVAX) currently registers an approximate value of US$ 22.30, after showing slight appreciation in the last 24 hours. The asset has been oscillating within a price range between US$ 20.48 and US$ 22.52, indicating a consolidation movement in a short-term resistance zone. The daily trading volume remains high, exceeding US$ 800 million, which demonstrates significant liquidity and interest from investors. Relevant Technical Aspects
From a technical perspective, AVAX shows moderate buying strength, with a relative strength index (RSI) situated close to 69 points — an indicator that suggests proximity to the overbought region. The asset broke through the 20 and 50 period moving averages and is approaching the 200-day moving average, located in the range of US$ 23.80, whose breakthrough could represent the resumption of a more sustained upward trend. • Immediate support: US$ 20.50 • Main resistances: US$ 22.60 | US$ 24.30 | US$ 26.00
The MACD and stochastic also confirm bullish momentum, reinforcing the possibility of a short-term advance, provided there is sufficient buying volume to sustain the technical breakouts.
From a fundamental perspective, AVAX is in the spotlight due to the possible approval of a spot ETF with direct exposure to the cryptocurrency — the deliberation by the SEC is expected to occur on July 15, 2025. Such an event, if favorable, could substantially boost the asset's appreciation. Furthermore, the Avalanche ecosystem continues to expand through strategic partnerships, such as its collaboration with FIFA, tokenization projects in the North American public sector (including the state of California), and the imminent launch of Avalanche 3.0, focusing on artificial intelligence and optimized smart contracts.
I think you forgot that this is Trump's second term (2017 to 21). During this period, there was an increase of approximately US$ 7.8 trillion in the federal public debt of the USA. Study.
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The USA is bankrupt, debts and companies prefer their businesses abroad. What they want is to try to improve their situation, it is evident that the same letter was sent to 22 countries.
DIGRANNI
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After tariffs of 50% for Brazil, Trump also formally invited all Brazilian companies that want to migrate to the USA. "The doors are open and everyone will be welcome and all formalities facilitated." He also warned the Old Man Thief and his Toga Male to stop pursuing Bolsonaro, supporters, and people fighting for Freedom in the country.
despite the deterioration in the political climate and rumors, he remains in charge of the Fed, focused until May 2026 on conducting monetary policy, especially in controlling inflation
Ghost CAT
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🚨🚨 The Markets Are on Edge – Trump’s New Trade War and Powell’s Departure 🚨🚨
We are witnessing the most fractured moment in the markets EVER. ⚡️ Trump just *lit the fuse* on a brand-new trade war, and trust me, the volatility is only just beginning. The impact? Massive! We’re talking global economic ripples that will likely shake every sector to its core. 💥
But wait, there’s more—**Jerome Powell is stepping down** as Federal Reserve Chair! Yes, you heard that right. The man who has been at the helm during some of the most critical economic decisions of the past few years is officially bowing out. What does this mean for the future of U.S. monetary policy? The uncertainty is palpable. 😳
So, what does all this mean for the markets moving forward?
1. **Trump’s Trade War** is going to shift global dynamics. Tariffs are sky-high, and countries are scrambling to react. Expect severe disruptions in trade routes, rising costs, and—*brace yourselves*—potential supply chain crises that could send shockwaves through industries worldwide. 📈
2. **Powell’s Departure** leaves a massive hole in U.S. monetary policy. Will his successor continue with the aggressive rate hikes? Or will they ease up to support economic growth? The uncertainty around future Federal Reserve actions is a huge wildcard for Wall Street. 🏦
What happens next? All bets are off. The market is in a volatile, high-stakes game of "who can survive the storm." Will we see a crash? Or will we somehow dodge a bullet?
Buckle up, folks. We're about to ride through a turbulent economic storm, and it’s going to get *wild*. Hold tight and keep an eye on the pulse of the markets… things are about to get even more intense! 🌪️
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