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12 Aug 2025, 23:00
Stablecoins hit $270B market cap as USDC overtakes USDT on Ethereum
USDT still leads globally, but the battle for network-specific dominance is just getting started.
12 Aug 2025, 23:00
Bitcoin Momentum is Dying: Here Are 3 Altcoins That Might Explode Soon
Bitcoin’s brief climb to above $122,000 has sparked excitement across the crypto market. Yet, some analysts believe that after another surge to new highs, BTC could slow down and give way to a powerful altcoin season. This is when capital often rotates from Bitcoin into other projects, delivering rapid gains. Among the names gaining early traction is MAGACOIN FINANCE – a security-audited and community-verified project attracting global attention from investors who want to position before the broader market shift. Ethereum, Cardano, and Litecoin are shaping up as strong contenders to lead the rally once Bitcoin’s dominance eases. Each has posted key developments that could fuel a breakout when altcoin season arrives. Ethereum (ETH) – Poised for Another Breakout Ethereum remains the foundation for decentralized finance, NFTs, and Web3 growth. Recent upgrades have improved speed and reduced costs, while Layer-2 solutions are expanding network capacity. The recent approval of spot Ethereum ETFs in the U.S. has opened new institutional inflows, similar to Bitcoin’s ETF-driven rally earlier this year. With ETH breaking past $4,100 and holding strong, technical analysts are eyeing a possible climb toward $7,000. Cardano (ADA) – Strength in Steady Growth Cardano’s slow but steady development approach is paying off. Network upgrades have boosted smart contract capabilities and scalability, while partnerships with real-world projects are enhancing adoption. ADA’s stability during BTC pullbacks has many traders betting it could be a top altcoin performer in the coming cycle. The Surprise of 2025 MAGACOIN FINANCE has emerged as one of the most talked-about early-stage opportunities in 2025. With a security audit completed and a community verification process recognized worldwide , the project is building credibility at a time when trust is a major factor for investors. Its momentum is drawing comparisons to the early days of breakout tokens that delivered life-changing returns. With limited early access and growing demand, many analysts believe MAGACOIN FINANCE could be among the biggest winners once the next altcoin wave begins. Litecoin (LTC) – A Veteran With Renewed Potential Litecoin, known as “digital silver,” continues to maintain relevance thanks to its speed, low fees, and strong liquidity across exchanges. New privacy features have added a fresh layer of utility, and historically, LTC has enjoyed strong rallies during altcoin seasons. Traders are now watching for a repeat performance. Altcoin Season Could Arrive Sooner Than Expected If Bitcoin pushes to fresh highs before cooling off, capital could quickly shift into altcoins. With Ethereum, Cardano, Litecoin, and emerging players like MAGACOIN FINANCE all showing strong potential, the next few months could be explosive for well-positioned investors. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Bitcoin Momentum is Dying: Here Are 3 Altcoins That Might Explode Soon
12 Aug 2025, 22:56
TMTG Files Amended S-1 for Potential Spot Bitcoin ETF Listing on NYSE Arca
TMTG Bitcoin ETF: TMTG filed an amended S-1 to register the Truth Social Bitcoin Fund as a spot Bitcoin ETF, targeting a NYSE Arca listing. The filing advances regulatory review
12 Aug 2025, 22:55
T3 FCU Unveils Staggering $250 Million Illicit Crypto Asset Freeze
BitcoinWorld T3 FCU Unveils Staggering $250 Million Illicit Crypto Asset Freeze The cryptocurrency world is constantly evolving, and with its rapid growth comes the persistent challenge of illicit activities. However, a significant victory has just been announced that should reassure many in the digital asset space. The T3 Financial Crime Unit (FCU), a collaborative effort by Tron (TRX), Tether, and TRM Labs, has successfully frozen an astounding $250 million in illicit crypto assets since its inception last September. This monumental achievement, initially reported by Cointelegraph, highlights a crucial step forward in combating crypto crime and enhancing overall blockchain security . What is the T3 FCU and How Does it Combat Crypto Crime? The T3 FCU represents a dedicated alliance formed by major players in the blockchain ecosystem. Its primary mission is to identify, track, and freeze funds associated with illegal activities, ranging from scams and hacks to money laundering. This specialized financial crime unit leverages the combined expertise and resources of Tron, Tether (the issuer of the world’s largest stablecoin, USDT), and TRM Labs, a leading blockchain intelligence firm. Collaborative Power: By pooling their resources, these entities create a formidable front against bad actors. Advanced Analytics: TRM Labs’ sophisticated tools play a vital role in tracing complex transactions involving illicit crypto assets across various blockchains. Rapid Response: The unit’s structure allows for swift action, critical in the fast-paced world of cryptocurrency. This proactive approach is essential for maintaining trust and integrity within the digital economy. Securing the Ecosystem: The Binance Partnership and Future Plans To amplify its effectiveness, the T3 FCU has strategically partnered with industry giants. Binance, one of the world’s largest cryptocurrency exchanges, is the unit’s first major partner. This collaboration significantly strengthens the T3 FCU ‘s ability to prevent hacks and recover stolen funds. Integrating with a platform like Binance provides crucial data and operational pathways to freeze illicit crypto assets more efficiently. The ambition doesn’t stop there. The project plans to expand its network by adding more partners across the blockchain industry. This expansion aims to broaden the scope of collaboration, creating a more robust and interconnected defense system against financial crimes. Imagine a future where numerous exchanges, protocols, and service providers work seamlessly to shut down illicit activities. This unified front will undoubtedly bolster blockchain security for everyone. Why is Freezing Illicit Crypto Assets So Crucial? The ability to freeze illicit crypto assets is paramount for several reasons, directly impacting user safety and the industry’s reputation. When funds from scams or hacks are quickly identified and frozen, it prevents criminals from cashing out, effectively disrupting their operations and deterring future attempts. This action also offers a glimmer of hope for victims, as there’s a possibility of recovering their stolen funds. Furthermore, these successful operations build confidence in the legitimate use of cryptocurrencies. By demonstrating that the industry is actively combating crypto crime , it helps to dispel the misconception that digital assets are solely a haven for illegal activities. This transparency and commitment to security are vital for attracting mainstream adoption and regulatory clarity. Challenges in the Fight Against Crypto Crime While the T3 FCU ‘s success is commendable, the fight against crypto crime remains complex. The decentralized nature of blockchain, the anonymity offered by some cryptocurrencies, and the rapid pace of technological innovation present ongoing challenges. Criminals constantly devise new methods to evade detection, making the work of any financial crime unit ever more demanding. However, advancements in blockchain forensics and increased collaboration among industry players are steadily turning the tide. The commitment to tracing and freezing illicit crypto assets is unwavering. A Powerful Step Towards a Safer Digital Future The T3 FCU ‘s achievement of freezing $250 million in illicit crypto assets is a powerful testament to the industry’s growing maturity and its resolve to combat financial crime. This joint effort by Tron, Tether, and TRM Labs, bolstered by partnerships like Binance, sets a precedent for how the crypto ecosystem can collectively enhance blockchain security . It sends a clear message to bad actors: the digital world is becoming less hospitable for illicit activities. As more partners join this vital initiative, we can anticipate an even safer and more secure environment for all cryptocurrency users. This success story underscores the importance of collaboration and innovation in protecting digital wealth. It’s a compelling example of how dedicated units like the T3 FCU are actively making the crypto space a more trustworthy place. Frequently Asked Questions (FAQs) 1. What is the T3 Financial Crime Unit (FCU)? The T3 FCU is a joint financial crime unit formed by Tron (TRX), Tether, and TRM Labs, dedicated to combating illicit activities and enhancing blockchain security. 2. How much illicit crypto has the T3 FCU frozen? Since its launch in September of last year, the T3 FCU has successfully frozen $250 million in illicit crypto assets. 3. Who are the key partners involved in the T3 FCU? The primary partners are Tron, Tether, and TRM Labs. Binance has also joined as the T3 FCU’s first major exchange partner. 4. Why is the T3 FCU’s work important for the crypto industry? Their work is crucial for building trust, deterring crypto crime, recovering stolen funds, and demonstrating the industry’s commitment to combating illicit activities, which is vital for mainstream adoption and regulatory clarity. 5. What challenges does the T3 FCU face in combating crypto crime? Challenges include the decentralized nature of blockchain, the anonymity of some cryptocurrencies, and the constant evolution of criminal tactics, requiring continuous innovation and collaboration. If you found this insight into the T3 FCU ‘s remarkable efforts to secure the crypto space informative, please share this article with your network! Help us spread awareness about the ongoing fight against illicit crypto assets and the importance of blockchain security . To learn more about the latest crypto crime trends, explore our article on key developments shaping blockchain security institutional adoption. This post T3 FCU Unveils Staggering $250 Million Illicit Crypto Asset Freeze first appeared on BitcoinWorld and is written by Editorial Team
12 Aug 2025, 22:51
Do Kwon Pleads Guilty to Fraud, Accepts 12-Year Sentence & $19M Fine – Is Justice Served for Terra Investors?
Terraform Labs co-founder Do Kwon has pleaded guilty to two felony counts of wire fraud and conspiracy to defraud, ending a prolonged legal standoff with U.S. prosecutors. The plea deal, entered Tuesday in the Southern District of New York, marks a sharp reversal from Kwon’s earlier not-guilty stance. Under the reported agreement, prosecutors will recommend a 12-year prison sentence, far below the maximum of 25 years, provided Kwon commits no new crimes before sentencing. He will also face more than $19 million in financial penalties, and sentencing is set for December 11. Do Kwon Admits to Defrauding Investors Over TerraUSD Peg Judge Paul Engelmayer reminded Kwon in court that the final decision rests with him. “It will be up to me to decide what a just sentence for you would be,” Engelmayer said, according to Inner City Press , which live-tweeted the proceedings. #breaking : US has agreed to advocate for a sentence of 12 years for Do Kwon, not the guideline 25 years, if Kwon commits no new crimes. And fine of $19 million, and more. Inner City Press has been live tweeting the guilty plea proceeding, below https://t.co/CXcAjflNaN — Inner City Press (@innercitypress) August 12, 2025 Kwon, 33, confirmed under questioning that he understood the charges, the potential penalties, and his decision to waive a trial. “Between 2018 and 2022 in the SDNY and elsewhere, I knowingly agreed to participate in a scheme to defraud purchasers of cryptocurrencies from my company, Terraform Labs,” Kwon told the court. He admitted making false statements about how TerraUSD’s peg was restored and the role of another firm, acknowledging he knew those statements were untrue. The two counts, conspiracy to defraud and wire fraud, stem from the collapse of TerraUSD, the algorithmic stablecoin once valued at billions of dollars. TerraUSD was designed to maintain a $1 peg through its relationship with sister token, Luna, but the system unraveled in May 2022, wiping out tens of billions in value and sparking a cascade of failures across the crypto sector. The collapse led to criminal charges in the U.S. and South Korea, with both countries seeking Kwon’s extradition. He was arrested in Montenegro in March 2023 for traveling with forged documents and was later extradited to the United States in December. Montenegro has approved the extradition of crypto entrepreneur Do Kwon to the U.S. for prosecution. #DoKwon #US https://t.co/5PSKpZf2Ja — Cryptonews.com (@cryptonews) December 27, 2024 Prosecutors say Kwon and his company misled investors about the stability of TerraUSD and the mechanisms supporting it, including during the crisis that ultimately caused its implosion. In addition to the criminal case, the U.S. Securities and Exchange Commission (SEC) brought civil fraud charges in February 2023, alleging violations of federal securities laws. In April this year, a jury found both Terraform Labs and Kwon liable for civil fraud, siding with the SEC’s claims that they deceived investors in connection with the buying and selling of Terraform securities. In court on Tuesday, Assistant U.S. Attorney Sarah Ravener outlined the terms of the plea deal. The agreement locks in the statutory maximum of 25 years as the guidelines, but stipulates that if Kwon accepts responsibility and stays out of trouble, the government will advocate for a sentence not exceeding 12 years. The deal also includes forfeiture terms and prevents Kwon from appealing any sentence of 25 years or less. Kwon acknowledged the facts of the indictment and confirmed his signature on the plea agreement. “I am agreeing not to contest the factual allegations,” he said. When asked if he knew his actions were illegal, Kwon replied, “I didn’t understand the details of international statutes… but yes, Your Honor.” Do Kwon: I made false statements about how the peg was restored, and the role of another firm. I knew my statements were false… Judge: You agreed with others? Do Kwon: Yes, with others to engage in a scheme to defraud Judge: Thank you. — Inner City Press (@innercitypress) August 12, 2025 The case against Kwon has been one of the most closely watched legal battles in crypto’s short history, pitting regulators and prosecutors against a high-profile founder whose project’s collapse reverberated through global markets. His sentencing on December 11 will determine the extent of his punishment, but his admission of guilt marks a decisive moment in the saga that began with one of the largest failures the crypto industry has seen. As Judge Engelmayer told him in court, the final word on his fate is yet to come. Do Kwon’s Plea Joins List of Major U.S. Crypto Fraud Convictions Kwon spent months in detention as authorities considered extradition requests from the U.S. and South Korea. The collapse of TerraUSD triggered a wave of bankruptcies and heightened global regulatory scrutiny. Do Kwon, co-founder of Terraform Labs, faces up to 130 years in prison on multiple fraud charges after his extradition to the U.S. #DoKwon #Prison https://t.co/KLQUey98Y3 — Cryptonews.com (@cryptonews) January 3, 2025 In April 2024, the SEC won a civil fraud case against Kwon and Terraform, with a jury finding that they misled investors about the stability of TerraUSD and falsely claimed that Chai, a Korean payments app, used Terraform’s blockchain. Under a $4.47 billion settlement, they agreed to shut down operations and repay creditors . Kwon still faces a nine-count U.S. criminal indictment , including securities and wire fraud. Judge Paul Engelmayer has ordered his defense to submit a detailed statement of the charges he plans to admit to. Comparable cases in the Southern District of New York have drawn lengthy sentences, including 25 years for former FTX CEO Sam Bankman-Fried in 2024 . A post-trial schedule for Roman Storm's case has been set as federal prosecutors decide whether or not to retry the developer. #RomanStorm #TornadoCash https://t.co/OjMG5qk5fl — Cryptonews.com (@cryptonews) August 12, 2025 Meanwhile, Tornado Cash co-founder Roman Storm awaits sentencing after being convicted of operating an unlicensed money-transmitting service, with two charges still unresolved. The post Do Kwon Pleads Guilty to Fraud, Accepts 12-Year Sentence & $19M Fine – Is Justice Served for Terra Investors? appeared first on Cryptonews .
12 Aug 2025, 22:45
‘Nothing Left to Use’ — Monero Reorg and Samourai Takedown Spark Privacy Doomsday Talk
Amid the storm over the Qubic/Monero clash, some warn that privacy’s slow fade is picking up speed — first with the fall of Tornado Cash, then the loss of Samourai Wallet, and now, Monero’s latest setback. The Great Privacy Purge On social media, X user Karbon told their 86,900 followers that recent blows to Monero
