13 Aug 2025, 18:23

Ethereum and Solana Prices Surge as Cryptocurrency Markets Heat Up

Ethereum's price is nearing its all-time high, with bullish predictions ahead. Solana gains momentum towards $200, signaling potential for further growth. Continue Reading: Ethereum and Solana Prices Surge as Cryptocurrency Markets Heat Up The post Ethereum and Solana Prices Surge as Cryptocurrency Markets Heat Up appeared first on COINTURK NEWS .

13 Aug 2025, 18:22

Terraform’s Do Kwon Pleads Guilty to Its Collapse

One of the most prolonged cases in the crypto world surrounding the infamous Terra has finally seen its former head accept responsibility for his crimes. Court documents reveal the magnitude of the offences, and hopefully, this can bring some peace to the affected. Owning Up to the Wrongdoings The U.S attorney for the Southern District of New York, Jay Clayton, announced yesterday that Do Hyeong Kwon (Do Kwon) pled guilty to one count of conspiring to commit commodities, securities, and wire fraud, and one count of committing wire fraud connected to deceitful schemes at Terraform. The platform was touted by the charged CEO as a self-contained, decentralized financial ecosystem, leveraging pioneering blockchain technology and offering a variety of financial products, including its own cryptocurrency, payment system, stock market, and savings bank. The harsh reality was that investors and users of Terraform were unaware that none of the instruments offered functioned as intended and were manipulated to believe that everything was working optimally. Do Kwon admitted guilt before U.S. District Judge Paul A. Engelmayer. “Do Kwon used the technological promise and investment euphoria around cryptocurrency to commit one of the largest frauds in history,” said Clayton. “Kwon attracted tens of billions in funds to Terraform’s ecosystem by promising a self-stabilizing stablecoin. By the time the markets discovered that the ecosystem was unstable, it was too late: the system collapsed, and investors around the world suffered billions of dollars in losses.” The allegations stated in the Superseding Indictment, along with further court proceedings and public filings, note that the company was founded in 2018. It distinguished its blockchain from others by issuing algorithmic stablecoins under the “Terra Protocol.” According to reports, these stablecoins maintained their value regardless of changes in underlying market conditions. Around September 2020, the dollar-pegged TerraUSD (“UST”) was launched, and promotional materials claimed that under the protocol, one UST can always be exchanged for $1 worth of the blockchain’s native token, LUNA, and vice versa. The Numerous False Pretenses Over the years, the company, alongside its various entities, developed and advertised several financial products as decentralized finance applications, aimed at increasing the number of users and transactions on the Terra blockchain. Some of them include: Chai, a Korean payments platform that was supposedly using the Terra blockchain to process transactions around June 2019, was untrue, as traditional methods and networks were used for processing. Mirror Protocol, which went live in December 2020, enabled users to create, buy, and sell synthetic versions of assets, such as stocks listed on US exchanges, using the now obsolete blockchain. In reality, Terraform had control over the protocol and utilized trading bots to manipulate the prices of the assets that it issued. The Luna Foundation Guard Ltd (“LFG”) was a public entity launched around January 2022 that purportedly maintained a reserve worth billions of dollars in cryptocurrency, known as the “LFG Reserve,” to maintain UST’s dollar peg. This was claimed to be regulated by an independent governing body, when in fact, Terraform reigned over it. Do Kwon received funding from several investment firms in the United States and elsewhere, with the primary agreement being to either purchase or loan the cryptocurrencies created on the Terra blockchain. At the peak of the corporation’s growth, the co-founder who was charged became one of the most affluent leaders in the industry. Terraform’s pinnacle was around the start of 2022, when the market cap of UST and LUNA went over $50 billion, with the majority of this expansion attributed to misrepresentations about the company and its products. By May 2022, the dollar peg of the UST had already begun to break down, a trend that had started the previous year. They managed to cover this up in 2021, but failed to do so the following year, which led to their collapse and the loss of over $40 billion. A short time later, arrest warrants and an Interpol Red Notice were issued against the former CEO. Around the end of March 2023, Do Kwon was captured in Europe while using a fake passport. Authorities from the US submitted a request for his extradition shortly after that, and there was considerable back and forth regarding where he would be charged and tried. He was deported to the United States at the end of last year. Earlier in June, he pleaded not guilty, but eventually succumbed to the numerous charges against him. As part of his plea, he will have to forfeit $19 million in proceeds from the fraudulent schemes and will be sentenced by Judge Engelmayer on December 11, 2025. The post Terraform’s Do Kwon Pleads Guilty to Its Collapse appeared first on CryptoPotato .

13 Aug 2025, 18:20

Donald Trump, Who Once Called Bitcoin a “Scam,” Now Says Crypto Is the “Solution”

President Trump called the traditional financial system “broken” and promoted cryptocurrency as the solution. An executive order now allows 401(k) accounts to invest in cryptocurrencies and private equity. Accountable.US estimates 73% of Trump’s net worth comes from crypto holdings, alongside a $1.5 billion family crypto treasury. In a stunning reversal, President Donald Trump who once called Bitcoin a “scam” has delivered one of his most direct endorsements of cryptocurrency yet. He is now calling the traditional financial system “broken” and arguing that digital assets offer a “solution.” This dramatic change of heart coincides with a flurry of pro-crypto policy actions and new revelations about his personal holdings, and legislative debates that could redefine the role of crypto in the U.S. economy. It’s come to this. Even with a lawsuit threat from the President, Fed Chair Powell holds firm on the economy. Here’s our analysis. Backing Up Words with Action Backing up his new pro-crypto rhetoric, the President on August 7 signed an executive order enabling 401(k) retirement accounts to invest in cryptocurrencies and private equity alongside … The post Donald Trump, Who Once Called Bitcoin a “Scam,” Now Says Crypto Is the “Solution” appeared first on Coin Edition .

13 Aug 2025, 18:19

Ethereum, Solana, Cardano Help Send Crypto Markets to Record $4.2 Trillion: Analysis

"Altcoin season" is heating up again, as signs point to continued momentum for Ethereum, Solana and Cardano. Here's why.

13 Aug 2025, 18:14

Shiba Inu (SHIB) and Dogecoin (DOGE) Upstaged by a $0.09 Altcoin Projected to Soar to $9 in This Cycle

Shiba Inu and Dogecoin are experiencing a fresh wave of buying pressure. Yet, an increasing number of whales and institutional investors are changing direction with interest in Remittix , a new but fast-rising PayFi crypto tipped to be one of the top altcoins 2025. Having already raised over $19 million while selling at $0.0922 apiece, Remittix is silently becoming the best utility crypto for the next bull cycle. Dogecoin Price Momentum Battles Key Resistance Source: Ali Martinez With the Dogecoin price recently smashing multi-week resistance at $0.23 , there’s been a fresh bullish wave. DOGE has drawn interest from whales as analysts point to potential spikes toward $2 in the next few months. Dogecoin news also affirms the hype around the likely SEC approval of a spot ETF. Chances are that this may trigger an increase in demand. Still, despite the short-term optimism, analysts observe that maintaining support above $0.23 will be crucial to avoid a price correction. Will Whale Action Be Enough to Drive Shiba Inu Price? Shiba Inu price recorded over 12% growth recently, with whale transactions skyrocketing by over 525%. These major trades between $1 million and $10 million echo growing interest in SHIB. Source: CryptoStarExpert Take away the recent whale activity, and you’ve got a falling daily trading volume at 28% less , increasing worries about the sustainability of its current run. Even the community’s aggressive token burn approach might not do as much, no thanks to the low volume levels. Remittix’s Rapid Rise Upstages Dogecoin and Shiba Inu The fact that meme coins currently dominate the news takes nothing away from the appeal Remittix enjoys. By creating value that surpasses hype, this project is set to be the go-to option for cryptocurrency to FIAT transfers globally. Here’s a project integrating crypto with a real use case, driving appeal, and a potent market entry strategy. Remittix is in hot demand for these factors and perks: Over $19 million in capital amassed amid increasingly strong investor backing Delivers global transfers from over 40 cryptos to over 30 countries within seconds Set to launch a mobile wallet on September 15, 2025, that will provide advanced security and more features Certified and audited by Certik, affirming its smart contracts’ security and regulatory compliance Now, this project solving real-world problems is set to reveal its first CEX listing once funding reaches $20M and the ovation is at the loudest. Here’s a low-cap crypto gem increasingly regarded as a high growth crypto asset and a solid long term crypto investment for 2025 ahead of Shiba Inu and Dogecoin. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix $250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

13 Aug 2025, 18:12

Why Billionaire Michael Saylor’s Strategy Outperforms Bitcoin – Here’s What You Need to Know

Billionaire Michael Saylor, executive chairman of Strategy, has once again taken to X (formerly Twitter) to explain why shares of $MSTR trade at a premium to Bitcoin’s net asset value (NAV). In his post , Saylor attributed this advantage to four key factors: Credit Amplification, Options Advantage, Passive Flows, and Superior Institutional Access—benefits that equity and credit instruments offer over commodity assets like Bitcoin. $MSTR trades at a premium to Bitcoin NAV due to Credit Amplification, an Options Advantage, Passive Flows, and superior Institutional Access that equity and credit instruments provide compared to commodities. pic.twitter.com/AYQlytS4ID — Michael Saylor (@saylor) August 13, 2025 Credit Amplification: Leveraging to Maximize Bitcoin Exposure Strategy uses intelligent leverage to achieve 2x–4x amplification of Bitcoin exposure. This level of credit-based positioning is unavailable for spot Bitcoin exchange-traded products (ETPs) or direct Bitcoin holdings. By strategically tapping into credit markets, MSTR can enhance returns when Bitcoin’s price rises, effectively multiplying the impact of favorable market moves. This approach, however, also increases risk in downturns, reflecting the high-conviction nature of Saylor’s long-term Bitcoin bet . Options Advantage: Deeper and More Liquid Derivatives Markets Another differentiator is Strategy’s $100 billion+ in open interest within the options market. In comparison, spot Bitcoin ETPs have around $30 billion, while CME Bitcoin futures sit at roughly $20 billion in open interest. This liquidity and market depth give MSTR more flexibility for institutional traders and hedgers, making it a more dynamic vehicle for large-scale strategic plays than Bitcoin itself. Passive Flows: Index Inclusion Drives Steady Capital Unlike Bitcoin or its ETPs, Strategy benefits from passive flows due to its inclusion in major equity indices such as the NASDAQ 100, MSCI, and Russell 1000. This means that as investors pour money into index funds and ETFs tracking these benchmarks, a portion of that capital automatically flows into MSTR shares. This consistent demand adds a structural tailwind to MSTR’s market performance, further widening the premium over Bitcoin’s NAV. Institutional Access: Bigger Capital Pools Than Bitcoin Institutional access is where MSTR’s advantage is perhaps most pronounced. The company’s equity and credit profile provides access to an estimated $35 trillion in equity and $60 trillion in credit markets. By contrast, spot Bitcoin ETPs tap into about $700 billion in private capital, and physical Bitcoin is limited to less than $150 billion. This broader institutional reach gives MSTR more avenues to attract capital, execute financing strategies, and scale exposure. Saylor’s post reinforces his core message: Strategy isn’t just a Bitcoin proxy—it’s a leveraged, institutionally integrated vehicle that combines the advantages of traditional equity markets with a laser-focused Bitcoin strategy. For investors seeking amplified Bitcoin exposure with deep market infrastructure, Saylor argues, $MSTR offers a unique edge. The post Why Billionaire Michael Saylor’s Strategy Outperforms Bitcoin – Here’s What You Need to Know appeared first on Cryptonews .