• Midas Crypto
  • Posts
  • 🌙 Do Kwon Pleads Not Guilty to US Charges

🌙 Do Kwon Pleads Not Guilty to US Charges

Freshly extradited from Montenegro, Terraform Labs co-founder Do Kwon pleaded not guilty to U.S. criminal charges over Terra's collapse.

Author

Mike Gavela
January 02, 2025

Crypto Roundup - January 2

In recent developments, Do Kwon, the co-founder of Terraform Labs, has pleaded not guilty to charges filed by U.S. prosecutors alleging his involvement in a multi-billion-dollar fraud scheme surrounding the Terra ecosystem's dramatic collapse in 2022. This high-profile case has drawn global attention to accountability within the crypto industry. Meanwhile, Ethereum ETFs have recorded an impressive $2.1 billion in inflows during December, marking a substantial shift in institutional interest toward crypto investments amid recovering market sentiment. In the Web3 and AI space, token infrastructure projects have emerged as top performers, surpassing the gains of AI agents and memecoins, signaling a more utility-driven focus within the AI and blockchain sectors.

Top Stories

  • Do Kwon pleads not guilty to U.S. charges tied to the collapse of the Terra ecosystem. The charges include allegations of fraud amounting to billions of dollars, with U.S. authorities aiming to bring greater scrutiny to the crypto sector.

  • Ethereum ETFs recorded inflows of $2.1 billion in December, reflecting strong institutional demand and signaling renewed confidence in the Ethereum ecosystem as the market shows signs of recovery.

  • AI token infrastructure outperforms both agents and memecoins, with projects in this category leading the market due to their emphasis on utility and real-world applications in the growing AI and Web3 industries.

TOP STORIES

Do Kwon Pleads Not Guilty to US Charges Over Terra LUNA, UST Crash - Decrypt

Freshly extradited from Montenegro, Terraform Labs co-founder Do Kwon pleaded not guilty to U.S. criminal charges over Terra's collapse.

decrypt.co/299358/do-kwon-pleads-not-guilty-us-charges-terra-crash

Ethereum ETFs Recorded Inflows of $2.1 Billion in December - "The Defiant"

BlackRock’s ETHA led the charge, amassing the majority of December’s $2 billion in inflows.

thedefiant.io/news/markets/ethereum-etfs-recorded-inflows-of-usd2-1-billion-in-december

AI Token Infrastructure Outperforms Agents and Memecoins - "The Defiant"

The AI agent market sector has undergone a shift over the last month, with liquidity moving from agent memecoins, towards infrastructure and frameworks.

thedefiant.io/news/nfts-and-web3/ai-token-infrastructure-outperform-agents-and-memecoins

FUNDRAISING

Silencio Achieves $112 Million in Allocation Requests, Setting a New Standard for DePIN

Dear Silencians,

silencionetwork.medium.com/silencio-achieves-112-million-in-allocation-requests-setting-a-new-standard-for-depin-722793a6342b

OTHER HEADLINES

Tether, Tron and TRM Labs Help Freeze $126 Million in USDT Linked to Crime - Decrypt

A coalition formed by Tether, Tron, and TRM Labs is working with law enforcement agencies across the world to stamp out crypto-related crime.

decrypt.co/299354/tether-tron-trm-labs-126-million-usdt-frozen-crime

NewsBriefs - Binance receives regulatory approval in Brazil, marking its 21st global authorization

Binance has secured regulatory approval in Brazil, adding to its list of global compliances and expanding its services in the country. This ...

cryptobriefing.com/newsbriefs/?id=158782&title=binance-receives-regulatory-approval-in-brazil-marking-its-21st-global-authorization

Celsius Network appeals $2B disparagement claim rejection against FTX

Celsius has filed an appeal challenging procedural shortcomings in pursuit of $444 million claim against FTX.

cryptoslate.com/celsius-network-appeals-2b-disparagement-claim-rejection-against-ftx

CRYPTO TWITTER (X)

SHARE!

Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 67,000 investors and crypto degenerates who read Midas Crypto Daily!