By Emir Abyazov Key highlights: Do Kwon pleads guilty to two wire fraud charges, waives trial in New York federal court. Plea agreement includes $19 million financial penalties; sentencing set for December 11. The case follows the Terra collapse, causing $40B losses, marked by complex extradition and lawsuits. Do Kwon, co-founder of Terraform Labs, has […]
Tag: ADA
By Emir Abyazov Key highlights: Banking groups warn stablecoin yield loophole risks $6.6 trillion deposit outflow. GENIUS Act bans direct stablecoin interest but loophole allows yield via affiliates. Banks fear stablecoins offering yield could destabilize credit and increase borrowing costs. US banking groups have urged Congress to close a loophole in the GENIUS Act, which […]
By Afe Funbi Key highlights: KAS price is closing in on the $0.10 resistance level, with higher highs and higher lows reflecting bullish pressure within a declining wedge. Major support areas of $0.093 and $0.086-$0.090 are still crucial for the bulls to sustain the momentum. A breakout above $0.115-$0.120 can lead to a rally to […]