Terraform Labs' near $4.5 billion settlement with the SEC has contributed to a record year for the agency's financial penalties.

Terraform Labs' $4.5 billion settlement with the SEC contributed to a record year for the agency's financial penalties.

The so-called “OG” coins like Cardano (ADA) and Algorand (ALGO) are seeing strong momentum as the crypto altseason starts. In this context, Finbold asked an artificial intelligence (AI) model whether ADA or ALGO makes a better buy for 2025.

The Securities Exchange Commission (SEC) obtained orders for $8.2 billion in remedies for the 2024 fiscal year, a record high for the regulatory agency. This is a 67% increase from the $4.9 billion in financial penalties that it collected in 2023.

The bulls, institutions, and market participants have become highly optimistic about the crypto markets, and as a result, the tokens have begun their journey to their highs. After the Bitcoin price rally, the altcoins were expected to take over some momentum.

Dogecoin hit its highest price in over a week, but other altcoins are seeing massive gains as Bitcoin approaches the $100,000 milestone.

Algorand (ALGO) has been one of the standout performers in the cryptocurrency market, particularly in November 2024. After experiencing significant price gains in October and continuing into November, the asset saw a sharp 15% dip, prompting many to question the sustainability of its upward momentum.

Crypto firm Canaan teamed up with a West Texas Bitcoin mining firm to boost its operations in Texas, expanding its North American footprint.

While Bitcoin calms after Trump-driven rallies above $93,000, Algorand (ALGO) witnesses a bullish revival. The altcoin remained elevated over the past few sessions, up 30% on its weekly chart. Meanwhile, ALGO's recovery prints a bullish engulfing candlestick, which completes a morning star setup.

Terra Classic (LUNC) joined the latest rally that saw Bitcoin topping $80K for the first time in history. As altcoin bulls flexed their muscles, LUNC gained over 20% on its weekly chart. Ecosystem developments such as intensified token burns and broad market rallies contributed to LUNC's prevailing performance.

With a market cap of $1.08 billion, ALGO price is currently ranking at 7th position in the crypto world. The ALGO token, trading at $0.1306, has increased by 7.15% in the past 24 hours. With a bullish recovery at play, will the bull run in Algorand tokens surge to $0.

The Avalanche Foundation has finalized the repurchase of 1.97 million AVAX tokens previously held by the now-defunct Luna Foundation Guard (LFG). The post Avalanche Foundation Buys Back 1.97M AVAX Tokens from Luna Foundation Guard appeared first on Cryptonews.

A bankruptcy court has allowed the Avalanche Foundation to buy back 1.97 million AVAX tokens it sold to the defunct Luna Foundation Guard.

Amid increased price volatility in the crypto market, the Terra 2.0 has regained momentum. Moreover, it has surged ~45% from its low of $0.2513 over the past three months. Will Terra 2.

The Terra Classic community is preparing for a supply shock that the LUNC coin could soon face. This is based on a court settlement that has mandated Terraform Labs to burn the tokens in their possession.

Binance Exchange has announced plans to delist Algoran, DigiByte and GMX trading pairs.

Binance announces the removal of spot trading pairs ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC to maintain market quality. Trading bot services will also be terminated.

Do Kwon's extradition decision is reportedly nearing completion, with Montenegro's Justice Minister indicating that an announcement will be made by Sunday.

Exposing Terra's shadows: Do Kwon secretly made crypto transfers In Jail as Montenegro pondered over extradition.

Do Kwon's extradition has been delayed again, to the surprise of the Justice Ministry.

Montenegro plans to finalize Do Kwon's extradition by the end of this week. Montenegro convicted Do Kwon of forgery, and he served a six-month sentence.

Do Kwon's extradition process begins, raising concerns about Terra Luna's future and potential impacts on Luna crypto investors.

Montenegro is set to decide on the extradition of Do Kwon, co-founder of Terraform Labs this week, as confirmed by the Justice Minister.

Terraform Labs co-founder Do Kwon's legal case is approaching a key moment as his extradition process is reportedly nearly complete. Authorities are set to make a decision by Sunday, Oct. 20.

Yet another legal drama involving Do Kwon, the co-founder of Terraform Labs, is reaching a decisive moment. Montenegrin officials have confirmed that the extradition process is in its final stages, with a ruling expected by Sunday, October 19.

Montenegro's Minister of Justice, Bojan Božović, announced that a decision on Do Kwon extradition will be finalized and signed by the end of the week.

Montenegro's Justice Minister Bojan Božović confirmed that a decision had been reached regarding the extradition of Do Kwon, the co-founder of Terraform Labs. According to local media reports on Oct. 17, the extradition process will be signed by the end of this week.

According to Montenegrin media reports, Do Kwon's extradition process may soon conclude, with a decision expected by Sunday, Oct. 19. On October 17, Minister of Justice Bojan Bozovic confirmed that the government chose the destination for extraditing the Terraform Labs co-founder, whom both the US and South Korea want on charges related to cryptocurrency fraud.

Do Kwon's extradition chapter may be finalized as soon as Sunday, Oct. 19, according to local Montenegrin media.

In a developing story surrounding Do Kwon, the co-founder of the collapsed Terraform Labs blockchain, new investigative reports suggest he may have conducted cryptocurrency transactions while in custody in Montenegro. This revelation follows a lengthy period during which authorities reportedly took 72 days to seize his electronic devices and wallet access codes after his arrest.

Story Highlights The current price of Algorand is . The Algorand price could reach a maximum of $0.361 in 2024. This altcoin may reach a high of $4.368 by 2030.

The key organization backing the Avalanche (AVAX) blockchain ecosystem is announcing plans to repurchase crypto assets sold to the nonprofit behind the Terra (LUNA) protocol in the first half of 2022.

Do Kwon, the founder of Terraform Labs allegedly used electronic devices, including a laptop and phone, to conduct cryptocurrency transactions from within his prison cell. While Kwon is detained in Spuž prison questions are mounting over how he may have handled his crypto assets even in detention.

Avalanche Foundation is planning to buy back 1.97 million AVAX tokens which was previously sold to Luna Foundation Guard (LFG) in early 2022.

The Avalanche Foundation is set to buy back nearly 2 million AVAX tokens sold to Terra just before its collapse in 2022. This transaction, which awaits approval from a bankruptcy court, marks a new chapter in the tumultuous history of the crypto market.

The Avalanche Foundation is set to repurchase 1.97 million Avalanche (AVAX) tokens that were sold to the Luna Foundation Guard (LFG) in April 2022, just one month before the Terra blockchain ecosystem collapsed.

Avalanche Foundation has agreed with Luna Foundation Guard (LFG) to buy back all AVAX tokens it sold to LFG in April 2022 as part of the cooperation efforts between the two projects and to improve the foundation's liquidity. According to the post on X, the repurchase plan is now awaiting court approval.

Avalanche Foundation repurchases 1.97M AVAX tokens from Luna. The move protects the tokens from liquidation during LFG's bankruptcy.

The AVAX price has surged by a staggering 10% in the last few hours after the recent announcement by the Avalanche Foundation of a repurchase agreement with the Luna Foundation Guard (LFG) – the entity associated with Terra blockchain – to buy back all tokens sold back in 2022. This has pushed AVAX closer to

The automated trading platform UnTrade has reached a major milestone: $1,000,000 in Assets Under Management (AUM) in just 60 days since launching their product to retail users. This achievement isn't just about numbers – it's a testament to the hard work, dedication, and vision of the team over the past three years.

LUNA and LUNC rally as USTC burn proposal boosts market confidence with surging volumes and bullish sentiment.

UnTrade, the rapidly growing algorithmic crypto trading platform, is excited to join the Finbridge Trading & Investing Expo in Ahmedabad, India. The event took place on September 28-29, 2024, at the EKA Club in Kankaria.

ALGO's latest price movement has drawn traders' attention to whether the token can break through a key technical barrier.

Montenegro's former Justice Minister Andrej Milović has raised serious concerns about the potential link between the extradition of Terraform Labs co-founder Do Kwon and Montenegro's airport concession deal with South Korea, local news outlet Vijesti reported on Sept. 24.

Get it before Oct. 30, Terraform Labs tells the third parties it is discussion its wind-down with.

The alleged use of Do Kwon's extradition for an airport deal could undermine trust in Montenegro's political and judicial integrity. The post Do Kwon's extradition used as pressure in Montenegro-South Korea airport negotiations, claims former justice minister appeared first on Crypto Briefing.

The shutdown of Terraform Labs sets an important standard for how bankruptcies are handled in the crypto industry, and will likely influence future bankruptcy cases.

Terraform Labs has gained court approval to wind down its operations in bankruptcy after reaching a settlement with the U.S. Securities and Exchange Commission (SEC), as reported on September 19.