Algorithmic Ratings & Investment Analysis
© ARIA 2025
by aria-crypto.com
January 2, 2025 at 19:54
US Legal Showdown: Terra Founder Do Kwon Pleads Not Guilty Amidst Fraud Charges
Alleged crypto crook Do Kwon pleaded not guilty in a New York court to multiple U.S. criminal charges stemming from the 2022 collapse of the Terra ecosystem. His extradition from Montenegro led to charges including securities fraud, wire fraud, commodities fraud, and conspiracy to commit money laundering. Once celebrated, Kwon's Terra Luna and UST stablecoin rapidly grew, becoming a significant blockchain entity next to Ethereum. However, the TerraUSD failed to maintain its dollar peg, triggering a catastrophic loss of nearly $40 billion in investor funds and precipitating a broad crypto market crash. Kwon, who previously flaunted his wealth and derided less affluent individuals on social media, consented to remain detained without bail in the U.S., as the legal proceedings continue to unfold. Authorities claim Kwon manipulated the system to appear functional and deceived investors, resulting in significant financial losses and charges of large-scale fraud.
New York Attorney General Letitia James has expressed serious concerns regarding proposed federal legislation on stablecoins, highlighting the potential risks to U.S. financial stability. In her recent letter ...
Amina Bank AG, a Swiss-regulated institution, has made headlines by becoming the first global bank to offer support for Ripple USD (RLUSD). This partnership marks a significant milestone for the integration of...
3 hours ago
The US House Committee is gearing up for "Crypto Week," commencing on July 14, to focus on three crucial bills related to cryptocurrency. This initiative follows the recent passage of significant legislative m...
The U.S. Securities and Exchange Commission (SEC) has unveiled comprehensive guidance for crypto asset exchange-traded product (ETP) issuers, aimed at clarifying compliance with federal laws. This new directiv...
This week, Ripple applied for a national banking license in the United States, a strategic step towards becoming a regulated financial entity. However, the market's reaction was lukewarm, with XRP seeing only ...
8 hours ago
In a significant development, Russia's state-owned arms conglomerate Rostec has launched its own stablecoin and payment platform. This initiative comes as the company seeks to navigate international sanctions ...
The Central Bank of Bahrain (CBB) has taken a significant step by unveiling its first regulatory framework specifically for stablecoin issuance. This new framework positions Bahrain as a leader in stablecoin r...
In recent months, institutional adoption of Bitcoin (BTC) has surged, with many companies incorporating it into treasury strategies. However, investment giant Franklin Templeton has issued a serious warning re...
15 hours ago
In a notable legal victory for the South Korean crypto exchange Coinone, a court ruled that five customers must return Bitcoin they withdrew twice due to a technical glitch in 2018. The Seoul Western District ...
16 hours ago
Bitcoin (BTC) is currently trading near $109,600, with a potential breakout above $110,413 that could lead to prices around $113,000. This bullish sentiment follows a significant allocation of 3% to Bitcoin by...
16 hours ago
Stay informed and up-to-date on the market's latest news with ARIA's Institutional Terminal's News Aggregator.
Find your curated news articles and analysis from over 50 sources, including the crypto's biggest publications.
Get Institutional Access