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🌙 Terra’s Do Kwon To Be Sent to US To Face Trial

Montenegro reverses decision to send Do Kwon to his native South Korea to face charges.

Author

Mike Gavela
December 27, 2024

Crypto Roundup - December 27

Do Kwon, founder of the collapsed Terra blockchain ecosystem, is set to be extradited from Montenegro to the United States to face fraud charges in New York. A recent report by CoinGecko identifies memecoins as the leading cryptocurrency narrative of 2024, highlighting their significant impact on the market. Additionally, projections suggest that crypto venture capital investments could exceed $18 billion in 2025, indicating robust growth and investor interest in the sector.

Top Stories

  • Do Kwon to be extradited to the U.S. to face fraud charges.

  • CoinGecko report identifies memecoins as the leading crypto narrative in 2024.

  • Crypto venture capital investments projected to exceed $18 billion in 2025.

TOP STORIES

Terra’s Do Kwon to be sent to US to face trial on fraud charges, minister says

Montenegro reverses decision to send Do Kwon to his native South Korea to face charges. Terra founder was arrested in Montenegro in March 2023. Decision may end complicated extradition tangle between US and South Korea.

www.dlnews.com/articles/regulation/terra-founder-do-kwon-to-be-sent-to-us-to-on-fraud-charges

Coingecko Report Crowns Memecoins as Leading Crypto Narrative in 2024 - "The Defiant"

Memecoins were by far the most popular crypto narrative in 2024, capturing 14% of global investor interest, according to a recently released report by Coingecko. Besides the main meme coin narrative, four other meme coin trends made the top 20.

thedefiant.io/news/markets/coingecko-report-crowns-memecoins-as-leading-crypto-narrative-in-2024

Crypto venture capital could hit more than $18B in 2025

We could see over $18 billion in venture investments, with “multiple $5 billion quarters" in 2025.

blockworks.co/news/crypto-venture-capital-18b-in-2025

FUNDRAISING

OTHER HEADLINES

Korean Crypto Users Spike Following Trump’s Election Victory - "The Defiant"

610,000 new South Korean users invested in crypto in the month following the U.S. presidential election, pushing the total above 30% of the population.

thedefiant.io/news/markets/korean-crypto-users-spike-following-trump-s-election-victory

Tether grapples with new FUD as MiCA regulations take effect on Dec. 30

As MiCA regulations impact stablecoins in the EU, questions arise about USDT's compliance and potential market effects.

cryptobriefing.com/mica-regulations-impact-tether

Treasury and IRS finish broker rules for DeFi, require KYC from protocols

Crypto community called the rules, which will come in effect in 2027, unlawful and out of reach.

cryptoslate.com/treasury-and-irs-finish-broker-rules-for-defi-require-kyc-from-protocols

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