#TON $TON Toncoin (TON) is currently trading at $1.47, with a market cap of $3.59 billion. It's had a slight increase of 0.89% in the last 24 hours. The coin's price has been volatile, dropping 65% from its early-year peak, but there are signs of potential rebound, with a 41.7% increase in daily trading volume
However, technical indicators show bearish momentum, with the Relative Strength Index (RSI) at 34 and a bearish crossover on the Moving Average Convergence Divergence (MACD) ³ ⁴.
Market Update: Bitcoin recorded a sharp $3,300 upside move, triggering approximately $106M in short liquidations within 30 minutes. This was immediately followed by a $3,400 pullback, resulting in an additional $52M in long liquidations over the next 45 minutes.
The price action reflects extreme volatility and aggressive liquidity sweeps on both sides of the market, highlighting the current high-risk trading environment. $BTC
🚨 JUST IN: Terra Luna Founder Do Kwon Sentenced to 15 Years in Prison.
🇺🇸 The United States has officially sentenced Terraform Labs founder Do Kwon to 15 years in federal prison over the historic collapse of TerraUSD (UST) and LUNA, a disaster that wiped out an estimated $40bn in market value and triggered a global crypto meltdown.
⚖️ Court documents show that Kwon pleaded guilty earlier this year to fraud related charges after prosecutors revealed he misled investors about the stability of $UST and secretly propped up the token’s price using hidden trading support.
🌎 The judge condemned the scheme as one of the most damaging in #crypto history, noting billions in losses and life changing financial harm suffered by victims worldwide.
💵 🇰🇷 Do Kwon was also ordered to forfeit over $19M, with potential additional actions still pending in South Korea.
⏰ This sentencing marks a major milestone in crypto regulation, sending a clear message that accountability in the blockchain space is no longer optional.
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