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User access to #Terraform Labs will be severely limited in the United States after a recent verdict in an SEC complaint
As a result of the SEC's request to limit the business's activities, Terraform Labs alerted users that the court may compel the firm to discontinue certain operations.
Some goods and services offered by TFL will be inaccessible to consumers in the US.
On Monday, the price of LUNA dropped 2.25 percent.
On Thursday, blockchain startup Terraform Labs said that it would limit access to some services and products for users in the United States. The move comes as the business prepares for a court ruling in its ongoing legal fight with the US Securities and Exchange Commission (SEC).
Users in the United States will be unable to access Terraform Labs.
A recent tweet on X announced that Terraform Labs is making modifications to its business. In certain regions, the company has announced changes to active liquidity provisioning and product access via Terraform Labs (TFL).
In 2022, the Terra ecosystem collapsed due to the LUNA-UST sibling coins and UST depegging, costing $40 billion. As a result, the SEC filed enforcement charges against Terraform Labs and its creator, Do Kwon, requesting a New York court to punish the company $5.3 billion.
A "conduct injunction," which would require TFL to stop part of its operations, is something the company has mentioned as a possible outcome. In anticipation of this, Terraform Labs will next week limit access to some products and services for customers in the United States.
According to TFL, the company is opposed to geoblocking but feels it has no other option in this situation. The corporation assured that open source initiatives like Alliance and the Terra blockchain will be unaffected by the changes.
To comply with the court's order, the company will also begin liquidating its holdings on April 26.
As of this writing, one LUNA is trading hands for $0.6345, representing a 2.25% decrease this week.
#LUNA #LUNC $LUNC
As a result of the SEC's request to limit the business's activities, Terraform Labs alerted users that the court may compel the firm to discontinue certain operations.
Some goods and services offered by TFL will be inaccessible to consumers in the US.
On Monday, the price of LUNA dropped 2.25 percent.
On Thursday, blockchain startup Terraform Labs said that it would limit access to some services and products for users in the United States. The move comes as the business prepares for a court ruling in its ongoing legal fight with the US Securities and Exchange Commission (SEC).
Users in the United States will be unable to access Terraform Labs.
A recent tweet on X announced that Terraform Labs is making modifications to its business. In certain regions, the company has announced changes to active liquidity provisioning and product access via Terraform Labs (TFL).
In 2022, the Terra ecosystem collapsed due to the LUNA-UST sibling coins and UST depegging, costing $40 billion. As a result, the SEC filed enforcement charges against Terraform Labs and its creator, Do Kwon, requesting a New York court to punish the company $5.3 billion.
A "conduct injunction," which would require TFL to stop part of its operations, is something the company has mentioned as a possible outcome. In anticipation of this, Terraform Labs will next week limit access to some products and services for customers in the United States.
According to TFL, the company is opposed to geoblocking but feels it has no other option in this situation. The corporation assured that open source initiatives like Alliance and the Terra blockchain will be unaffected by the changes.
To comply with the court's order, the company will also begin liquidating its holdings on April 26.
As of this writing, one LUNA is trading hands for $0.6345, representing a 2.25% decrease this week.
#LUNA #LUNC $LUNC
💰💰💰As Community Revises Burn Tax, Can Terra LUNA Classic Reach $100?
Even if the community changed the token's burn tax, Terra LUNA Classic is falling below its 21DMA.
#LUNA
After failing to break above its 21DMA for four days, LUNC was trading slightly around $0.0001050.
The LUNC burn tax modification didn't raise mood, perhaps because the burn rate stayed at 0.5%.
The recently approved proposal altered what happens to burnt tokens.
LUNC's Oracle Pool gets 10% of burnt tokens. Previously, 10% went to “rewards”.
As the crypto market suffers, Terra LUNC Classic may fall lower.
The macro background has hurt crypto prices this month. The latest Core PCE report indicates persistently strong US inflation.
It has caused investors to reduce Fed rate decrease wagers. Rising US bond rates and the dollar have hurt cryptocurrencies, like LUNC.
Terra LUNA Classic is down 34% this month and 60% from March's $0.00002550 highs.
Bearish technicals signal the sell-off may continue.
Terra LUNA Classic Price Prediction: LUNC's Future
Chat research reveals Terra LUNA Classic bears dominate the market.
The 21DMA has been a solid barrier since late March. The Terra LUNA Classic pricing has since fallen.
This week, LUNC saw heavy resistance from the March low, which it broke below in mid-April.
These are significant evidence of LUNC price cuts. In weeks, April lows just over $0.00007, a 30% decline from present levels, may be retested.
May LUNC Reach $100?
LUNC might hit $100 if the community burned enough tokens.
Assuming LUNC retains its $600 million market worth, $100 would be 6 million tokens.
The LUNC token supply exceeds 5.8 trillion. Burn 99.99999% of the token supply to reach 6 million.
Market cap growth may minimize the number of token burns needed to reach $100 for LUNC.
In May 2022, the Terra environment failed, rendering LUNC useless.
$LUNC is become a speculative shitcoin. Random 2-3x pumps may occur as risk appetite rises.
However, it is unlikely to become a multi-billion dollar currency.
#LUNC may hit $100
#TerraLunaClassic
Even if the community changed the token's burn tax, Terra LUNA Classic is falling below its 21DMA.
#LUNA
After failing to break above its 21DMA for four days, LUNC was trading slightly around $0.0001050.
The LUNC burn tax modification didn't raise mood, perhaps because the burn rate stayed at 0.5%.
The recently approved proposal altered what happens to burnt tokens.
LUNC's Oracle Pool gets 10% of burnt tokens. Previously, 10% went to “rewards”.
As the crypto market suffers, Terra LUNC Classic may fall lower.
The macro background has hurt crypto prices this month. The latest Core PCE report indicates persistently strong US inflation.
It has caused investors to reduce Fed rate decrease wagers. Rising US bond rates and the dollar have hurt cryptocurrencies, like LUNC.
Terra LUNA Classic is down 34% this month and 60% from March's $0.00002550 highs.
Bearish technicals signal the sell-off may continue.
Terra LUNA Classic Price Prediction: LUNC's Future
Chat research reveals Terra LUNA Classic bears dominate the market.
The 21DMA has been a solid barrier since late March. The Terra LUNA Classic pricing has since fallen.
This week, LUNC saw heavy resistance from the March low, which it broke below in mid-April.
These are significant evidence of LUNC price cuts. In weeks, April lows just over $0.00007, a 30% decline from present levels, may be retested.
May LUNC Reach $100?
LUNC might hit $100 if the community burned enough tokens.
Assuming LUNC retains its $600 million market worth, $100 would be 6 million tokens.
The LUNC token supply exceeds 5.8 trillion. Burn 99.99999% of the token supply to reach 6 million.
Market cap growth may minimize the number of token burns needed to reach $100 for LUNC.
In May 2022, the Terra environment failed, rendering LUNC useless.
$LUNC is become a speculative shitcoin. Random 2-3x pumps may occur as risk appetite rises.
However, it is unlikely to become a multi-billion dollar currency.
#LUNC may hit $100
#TerraLunaClassic
User access to Terraform Labs will be severely limited in the United States after a recent verdict in an SEC complaint
As a result of the SEC's request to limit the business's activities, Terraform Labs alerted users that the court may compel the firm to discontinue certain operations.
On Monday, the price of LUNA dropped 2.25 percent.
On Thursday, blockchain startup Terraform Labs said that it would limit access to some services and products for users in the United States. The move comes as the business prepares for a court ruling in its ongoing legal fight with the US Securities and Exchange Commission (SEC).
Users in the United States will be unable to access Terraform Labs.
A recent tweet on X announced that Terraform Labs is making modifications to its business. In certain regions, the company has announced changes to active liquidity provisioning and product access via Terraform Labs (TFL).
In 2022, the Terra ecosystem collapsed due to the LUNA-UST sibling coins and UST depegging, costing $40 billion. As a result, the SEC filed enforcement charges against Terraform Labs and its creator, Do Kwon, requesting a New York court to punish the company $5.3 billion.
A "conduct injunction," which would require TFL to stop part of its operations, is something the company has mentioned as a possible outcome. In anticipation of this, Terraform Labs will next week limit access to some products and services for customers in the United States.
According to TFL, the company is opposed to geoblocking but feels it has no other option in this situation. The corporation assured that open source initiatives like Alliance and the Terra blockchain will be unaffected by the changes.
To comply with the court's order, the company will also begin liquidating its holdings on April 26.
While these holdings are being liquidated, the LUNA will be stored in a multisig wallet in anticipation of the bankruptcy.
As of this writing, one LUNA is trading hands for $0.6345, representing a 2.25% decrease this week.
#LUNC #LUNA $LUNA #TerraLunaClassic
As a result of the SEC's request to limit the business's activities, Terraform Labs alerted users that the court may compel the firm to discontinue certain operations.
On Monday, the price of LUNA dropped 2.25 percent.
On Thursday, blockchain startup Terraform Labs said that it would limit access to some services and products for users in the United States. The move comes as the business prepares for a court ruling in its ongoing legal fight with the US Securities and Exchange Commission (SEC).
Users in the United States will be unable to access Terraform Labs.
A recent tweet on X announced that Terraform Labs is making modifications to its business. In certain regions, the company has announced changes to active liquidity provisioning and product access via Terraform Labs (TFL).
In 2022, the Terra ecosystem collapsed due to the LUNA-UST sibling coins and UST depegging, costing $40 billion. As a result, the SEC filed enforcement charges against Terraform Labs and its creator, Do Kwon, requesting a New York court to punish the company $5.3 billion.
A "conduct injunction," which would require TFL to stop part of its operations, is something the company has mentioned as a possible outcome. In anticipation of this, Terraform Labs will next week limit access to some products and services for customers in the United States.
According to TFL, the company is opposed to geoblocking but feels it has no other option in this situation. The corporation assured that open source initiatives like Alliance and the Terra blockchain will be unaffected by the changes.
To comply with the court's order, the company will also begin liquidating its holdings on April 26.
While these holdings are being liquidated, the LUNA will be stored in a multisig wallet in anticipation of the bankruptcy.
As of this writing, one LUNA is trading hands for $0.6345, representing a 2.25% decrease this week.
#LUNC #LUNA $LUNA #TerraLunaClassic
⭐️ Terraform Labs to restrict US access, withdraw $23 million of liquidity following SEC ruling
Terraform Labs (TFL) announced changes to its operations on April 25 in light of a recent court ruling related to the SEC’s case against the company.
TFL said it expects to receive a conduct injunction soon that will bar it from certain activities in the US. The company added that it will prepare for the injunction by barring US users from accessing some products and features starting in the week of April 28.
TFL called the development “frustrating” and said it is “against geoblocking as a matter of principle” but has no choice but to adapt.
The policy change will not affect some projects, including Alliance, an open-source Cosmos SDK module, and the Terra blockchain itself.
♦️ Liquidity closures
TFL must also withdraw liquidity from positions on various platforms due to the injunction
The company said it will start withdrawing liquidity worth $23.8 million across three platforms — Astroport, Ura, and White Whale — on April 26. Each position is a LUNA pair.
Terraform Labs said it would store the withdrawn LUNA tokens in a multisig account through the bankruptcy proceedings.
♦️ SEC requested injunctions
The SEC filed charges against Terraform Labs in February 2023. The trial began this March, and a jury found Terra and its former CEO, Do Kwon, liable for fraud in early April.
The SEC requested various injunctions against the defendants on April 19.
Specifically, the SEC asked for restrictions on each party’s ability to purchase, offer, and sell crypto asset securities — including but not limited to LUNA. The SEC also said the defendants should be barred from inducing other parties into such transactions.
The SEC also requested monetary fines and penalties totaling $5.3 billion
Terraform continues to operate and offer certain products despite its bankruptcy and the collapse of its stablecoin, TerraUSD, which depegged from the dollar in May 2022.
$LUNC $LUNA #LUNC #LUNA
Terraform Labs (TFL) announced changes to its operations on April 25 in light of a recent court ruling related to the SEC’s case against the company.
TFL said it expects to receive a conduct injunction soon that will bar it from certain activities in the US. The company added that it will prepare for the injunction by barring US users from accessing some products and features starting in the week of April 28.
TFL called the development “frustrating” and said it is “against geoblocking as a matter of principle” but has no choice but to adapt.
The policy change will not affect some projects, including Alliance, an open-source Cosmos SDK module, and the Terra blockchain itself.
♦️ Liquidity closures
TFL must also withdraw liquidity from positions on various platforms due to the injunction
The company said it will start withdrawing liquidity worth $23.8 million across three platforms — Astroport, Ura, and White Whale — on April 26. Each position is a LUNA pair.
Terraform Labs said it would store the withdrawn LUNA tokens in a multisig account through the bankruptcy proceedings.
♦️ SEC requested injunctions
The SEC filed charges against Terraform Labs in February 2023. The trial began this March, and a jury found Terra and its former CEO, Do Kwon, liable for fraud in early April.
The SEC requested various injunctions against the defendants on April 19.
Specifically, the SEC asked for restrictions on each party’s ability to purchase, offer, and sell crypto asset securities — including but not limited to LUNA. The SEC also said the defendants should be barred from inducing other parties into such transactions.
The SEC also requested monetary fines and penalties totaling $5.3 billion
Terraform continues to operate and offer certain products despite its bankruptcy and the collapse of its stablecoin, TerraUSD, which depegged from the dollar in May 2022.
$LUNC $LUNA #LUNC #LUNA
User access to Terraform Labs will be severely limited in the United States after a recent verdict in an SEC complaint
As a result of the SEC's request to limit the business's activities, Terraform Labs alerted users that the court may compel the firm to discontinue certain operations.
On Monday, the price of LUNA dropped 2.25 percent.
On Thursday, blockchain startup Terraform Labs said that it would limit access to some services and products for users in the United States. The move comes as the business prepares for a court ruling in its ongoing legal fight with the US Securities and Exchange Commission (SEC).
Users in the United States will be unable to access Terraform Labs.
A recent tweet on X announced that Terraform Labs is making modifications to its business. In certain regions, the company has announced changes to active liquidity provisioning and product access via Terraform Labs (TFL).
In 2022, the Terra ecosystem collapsed due to the LUNA-UST sibling coins and UST depegging, costing $40 billion. As a result, the SEC filed enforcement charges against Terraform Labs and its creator, Do Kwon, requesting a New York court to punish the company $5.3 billion.
A "conduct injunction," which would require TFL to stop part of its operations, is something the company has mentioned as a possible outcome. In anticipation of this, Terraform Labs will next week limit access to some products and services for customers in the United States.
According to TFL, the company is opposed to geoblocking but feels it has no other option in this situation. The corporation assured that open source initiatives like Alliance and the Terra blockchain will be unaffected by the changes.
To comply with the court's order, the company will also begin liquidating its holdings on April 26.
While these holdings are being liquidated, the LUNA will be stored in a multisig wallet in anticipation of the bankruptcy.
As of this writing, one LUNA is trading hands for $0.6345, representing a 2.25% decrease this week.
#LUNC #LUNA $LUNA #TerraLunaClassic
As a result of the SEC's request to limit the business's activities, Terraform Labs alerted users that the court may compel the firm to discontinue certain operations.
On Monday, the price of LUNA dropped 2.25 percent.
On Thursday, blockchain startup Terraform Labs said that it would limit access to some services and products for users in the United States. The move comes as the business prepares for a court ruling in its ongoing legal fight with the US Securities and Exchange Commission (SEC).
Users in the United States will be unable to access Terraform Labs.
A recent tweet on X announced that Terraform Labs is making modifications to its business. In certain regions, the company has announced changes to active liquidity provisioning and product access via Terraform Labs (TFL).
In 2022, the Terra ecosystem collapsed due to the LUNA-UST sibling coins and UST depegging, costing $40 billion. As a result, the SEC filed enforcement charges against Terraform Labs and its creator, Do Kwon, requesting a New York court to punish the company $5.3 billion.
A "conduct injunction," which would require TFL to stop part of its operations, is something the company has mentioned as a possible outcome. In anticipation of this, Terraform Labs will next week limit access to some products and services for customers in the United States.
According to TFL, the company is opposed to geoblocking but feels it has no other option in this situation. The corporation assured that open source initiatives like Alliance and the Terra blockchain will be unaffected by the changes.
To comply with the court's order, the company will also begin liquidating its holdings on April 26.
While these holdings are being liquidated, the LUNA will be stored in a multisig wallet in anticipation of the bankruptcy.
As of this writing, one LUNA is trading hands for $0.6345, representing a 2.25% decrease this week.
#LUNC #LUNA $LUNA #TerraLunaClassic
😱 Whoa, talk about a plot twist in the Terra (LUNA) saga! 🌀 The SEC is bringing the thunder with a hefty $5.3 billion fine thundercloud over Terraform Labs and its co-founder, Do Kwon! ⚡ Looks like they're not playing around when it comes to alleged fraud and deception in the crypto world. 🕵️♂️
The jury's verdict paints a grim picture: Terraform Labs and Kwon allegedly led investors astray about the stability of their algorithmic stablecoin, Terra USD (UST), and the Terra blockchain's potential. 🏴☠️ Now, the SEC is aiming to reel in over $4 billion in "illicit profits" from these murky waters. 💰
According to court documents, the sales figures read like a crypto thriller: from LUNA and MIR to UST, the numbers are staggering! 💸 But amidst the chaos, the SEC claims to have a "conservative but reasonable approach" to reclaiming these ill-gotten gains. 📈
But wait, there's more! The SEC isn't stopping at fines – they're also seeking injunctive relief and a ban on Kwon serving as an officer or director of a public company! 🚫 It's a high-stakes game of legal chess in the crypto realm. ♟️
$LUNA #LUNA #TerraLabs
The jury's verdict paints a grim picture: Terraform Labs and Kwon allegedly led investors astray about the stability of their algorithmic stablecoin, Terra USD (UST), and the Terra blockchain's potential. 🏴☠️ Now, the SEC is aiming to reel in over $4 billion in "illicit profits" from these murky waters. 💰
According to court documents, the sales figures read like a crypto thriller: from LUNA and MIR to UST, the numbers are staggering! 💸 But amidst the chaos, the SEC claims to have a "conservative but reasonable approach" to reclaiming these ill-gotten gains. 📈
But wait, there's more! The SEC isn't stopping at fines – they're also seeking injunctive relief and a ban on Kwon serving as an officer or director of a public company! 🚫 It's a high-stakes game of legal chess in the crypto realm. ♟️
$LUNA #LUNA #TerraLabs
😰 Critical New Development in Terra (LUNA) and SEC Case: Billion Dollars in Talk
The US Securities and Exchange Commission (SEC) asked the New York court to impose a hefty $5.3 billion fine on Terraform Labs and its co-founder Do Kwon, on the grounds that they were involved in the $40 billion collapse of the Terra (LUNA) ecosystem in 2022.
Terraform Labs and Kwon were convicted on fraud charges earlier this month. A jury in Manhattan found that the company and Kwon deceived investors about the stability of their so-called “algorithmic” native stablecoin, Terra USD (UST), and the use cases of the Terra blockchain.
The SEC, which filed for final judgment two weeks after the conclusion of the hearing, demands that Terraform Labs and Kwon pay damages and precautionary interest in the amount of $ 4.74 billion. Additionally, the regulator is seeking damages totaling $520 million, including $420 million from Terraform Labs and $100 million directly from Kwon.
The SEC justified the total amount in an attached memorandum filed with the court, stating that Kwon and Terraform Labs “obtained over $4 billion in illicit profits (and likely much more) from their illegal conduct.”
According to court documents, LUNA and MIR sales to institutional investors amounted to $65.2 million and $4.3 million, respectively. LUNA and UST sales through Luna Foundation Guard (LFG) totaled $1.8 billion. Additionally, investors purchased $2.3 billion of UST across various cryptocurrency trading platforms between June 2021 and May 2022.
The SEC added that the penalty amount represents a “conservative” but “reasonable approach” to Terraform and Kwon's “ill-gotten gains.”
In addition to the hefty fines, the SEC is also seeking injunctive relief to prevent Kwon and Terraform Labs from committing further securities violations and buying or selling “any cryptoasset securities.” The regulator is also seeking an officer and director ban that would prohibit Kwon from serving as an officer or director of a public company reported by the SEC.
$LUNA #LUNA #TerraLabs
The US Securities and Exchange Commission (SEC) asked the New York court to impose a hefty $5.3 billion fine on Terraform Labs and its co-founder Do Kwon, on the grounds that they were involved in the $40 billion collapse of the Terra (LUNA) ecosystem in 2022.
Terraform Labs and Kwon were convicted on fraud charges earlier this month. A jury in Manhattan found that the company and Kwon deceived investors about the stability of their so-called “algorithmic” native stablecoin, Terra USD (UST), and the use cases of the Terra blockchain.
The SEC, which filed for final judgment two weeks after the conclusion of the hearing, demands that Terraform Labs and Kwon pay damages and precautionary interest in the amount of $ 4.74 billion. Additionally, the regulator is seeking damages totaling $520 million, including $420 million from Terraform Labs and $100 million directly from Kwon.
The SEC justified the total amount in an attached memorandum filed with the court, stating that Kwon and Terraform Labs “obtained over $4 billion in illicit profits (and likely much more) from their illegal conduct.”
According to court documents, LUNA and MIR sales to institutional investors amounted to $65.2 million and $4.3 million, respectively. LUNA and UST sales through Luna Foundation Guard (LFG) totaled $1.8 billion. Additionally, investors purchased $2.3 billion of UST across various cryptocurrency trading platforms between June 2021 and May 2022.
The SEC added that the penalty amount represents a “conservative” but “reasonable approach” to Terraform and Kwon's “ill-gotten gains.”
In addition to the hefty fines, the SEC is also seeking injunctive relief to prevent Kwon and Terraform Labs from committing further securities violations and buying or selling “any cryptoasset securities.” The regulator is also seeking an officer and director ban that would prohibit Kwon from serving as an officer or director of a public company reported by the SEC.
$LUNA #LUNA #TerraLabs
😰 Critical New Development in Terra ($LUNA ) and SEC Case: Billion Dollars in Talk
The US Securities and Exchange Commission (SEC) asked the New York court to impose a hefty $5.3 billion fine on Terraform Labs and its co-founder Do Kwon, on the grounds that they were involved in the $40 billion collapse of the Terra (LUNA) ecosystem in 2022.
Terraform Labs and Kwon were convicted on fraud charges earlier this month. A jury in Manhattan found that the company and Kwon deceived investors about the stability of their so-called “algorithmic” native stablecoin, Terra USD (UST), and the use cases of the Terra blockchain.
The SEC, which filed for final judgment two weeks after the conclusion of the hearing, demands that Terraform Labs and Kwon pay damages and precautionary interest in the amount of $ 4.74 billion. Additionally, the regulator is seeking damages totaling $520 million, including $420 million from Terraform Labs and $100 million directly from Kwon.
The SEC justified the total amount in an attached memorandum filed with the court, stating that Kwon and Terraform Labs “obtained over $4 billion in illicit profits (and likely much more) from their illegal conduct.”
According to court documents, LUNA and MIR sales to institutional investors amounted to $65.2 million and $4.3 million, respectively. LUNA and UST sales through Luna Foundation Guard (LFG) totaled $1.8 billion. Additionally, investors purchased $2.3 billion of UST across various cryptocurrency trading platforms between June 2021 and May 2022.
The SEC added that the penalty amount represents a “conservative” but “reasonable approach” to Terraform and Kwon's “ill-gotten gains.”
In addition to the hefty fines, the SEC is also seeking injunctive relief to prevent Kwon and Terraform Labs from committing further securities violations and buying or selling “any cryptoasset securities.” The regulator is also seeking an officer and director ban that would prohibit Kwon from serving as an officer or director of a public company reported by the SEC.
$LUNA #LUNA #TerraLabs
The US Securities and Exchange Commission (SEC) asked the New York court to impose a hefty $5.3 billion fine on Terraform Labs and its co-founder Do Kwon, on the grounds that they were involved in the $40 billion collapse of the Terra (LUNA) ecosystem in 2022.
Terraform Labs and Kwon were convicted on fraud charges earlier this month. A jury in Manhattan found that the company and Kwon deceived investors about the stability of their so-called “algorithmic” native stablecoin, Terra USD (UST), and the use cases of the Terra blockchain.
The SEC, which filed for final judgment two weeks after the conclusion of the hearing, demands that Terraform Labs and Kwon pay damages and precautionary interest in the amount of $ 4.74 billion. Additionally, the regulator is seeking damages totaling $520 million, including $420 million from Terraform Labs and $100 million directly from Kwon.
The SEC justified the total amount in an attached memorandum filed with the court, stating that Kwon and Terraform Labs “obtained over $4 billion in illicit profits (and likely much more) from their illegal conduct.”
According to court documents, LUNA and MIR sales to institutional investors amounted to $65.2 million and $4.3 million, respectively. LUNA and UST sales through Luna Foundation Guard (LFG) totaled $1.8 billion. Additionally, investors purchased $2.3 billion of UST across various cryptocurrency trading platforms between June 2021 and May 2022.
The SEC added that the penalty amount represents a “conservative” but “reasonable approach” to Terraform and Kwon's “ill-gotten gains.”
In addition to the hefty fines, the SEC is also seeking injunctive relief to prevent Kwon and Terraform Labs from committing further securities violations and buying or selling “any cryptoasset securities.” The regulator is also seeking an officer and director ban that would prohibit Kwon from serving as an officer or director of a public company reported by the SEC.
$LUNA #LUNA #TerraLabs
Insights on Cryptocurrency Price Predictions for CEEK, FLOKI, Chiliz, and LUNA
Bitcoin price continues to hover around the $66,500 region, while altcoin investors show increased appetite compared to last week. Despite historical data suggesting a market rise post-halving, regional tensions and macroeconomic downturns have led to rapid selling this month. What are the current price predictions for CEEK, FLOKI, Chiliz, and LUNA Coin as some of the negative factors begin to wane?
CEEK Coin Price Prediction
We have previously discussed the potential risks for CEEK Coin in the long term. Disinterest in the Metaverse sector has negatively impacted even the largest altcoins in this category, while CEEK Coin has faced a tougher bear market due to its unique issues. At the time of writing, the price stands at $0.061. After reaching a peak in March, the price dropped back to its starting point before initiating a recovery to $0.073.
If sales above $0.063 can be overcome, the targeted level might be tested. However, in a downturn, targets of $0.055 and $0.047 are considered.
FLOKI Coin Price Prediction
Among the most popular meme coins, FLOKI INU (FLOKI) could target the $0.00022246 threshold if it closes above $0.00017893. Closures above this level could test the previous historical peak, potentially setting a new ATH. In the opposite scenario, the current supports are $0.00012452 and $0.00009606.
Chiliz (CHZ) Price Prediction
Since last June, we’ve highlighted the resistance of the parallel channel that started the rally. On April 13, CHZ Coin confirmed its upward trend as it dipped back to this resistance. The price quickly rebounded from $0.084 to $0.114 support. Currently, this area is being maintained, and CHZ Coin could move to the $0.138 and $0.154 range if it starts closing above $0.12.
The target for the peak is between $0.2 and $0.3 if closures above $0.167 are achieved. Recent deals and new partnerships related to the network could boost optimism.
LUNA Coin Predictions
Here too, the necessary rise involves overcoming a clear parallel channel, and the price has fallen back into the channel. For now, the $0.55 support is maintained, preventing LUNA Coin from breaking the channel downwards and accelerating sales. However, long-term risks often discussed are more significant than speculative interim rises.
If $0.75 can be reclaimed, peaks of $0.94 and $1.18 could be targeted. However, the situation with Do Kwon, the Terra network’s ongoing struggles, and increasing competition could lead to new ATL levels, which wouldn’t be surprising. If seen as a meme coin, Terra could sustain its existence long-term as a reminder of the nightmare.
$FLOKI $LUNA $CHZ #FLOKI #LUNA #CHZ
CEEK Coin Price Prediction
We have previously discussed the potential risks for CEEK Coin in the long term. Disinterest in the Metaverse sector has negatively impacted even the largest altcoins in this category, while CEEK Coin has faced a tougher bear market due to its unique issues. At the time of writing, the price stands at $0.061. After reaching a peak in March, the price dropped back to its starting point before initiating a recovery to $0.073.
If sales above $0.063 can be overcome, the targeted level might be tested. However, in a downturn, targets of $0.055 and $0.047 are considered.
FLOKI Coin Price Prediction
Among the most popular meme coins, FLOKI INU (FLOKI) could target the $0.00022246 threshold if it closes above $0.00017893. Closures above this level could test the previous historical peak, potentially setting a new ATH. In the opposite scenario, the current supports are $0.00012452 and $0.00009606.
Chiliz (CHZ) Price Prediction
Since last June, we’ve highlighted the resistance of the parallel channel that started the rally. On April 13, CHZ Coin confirmed its upward trend as it dipped back to this resistance. The price quickly rebounded from $0.084 to $0.114 support. Currently, this area is being maintained, and CHZ Coin could move to the $0.138 and $0.154 range if it starts closing above $0.12.
The target for the peak is between $0.2 and $0.3 if closures above $0.167 are achieved. Recent deals and new partnerships related to the network could boost optimism.
LUNA Coin Predictions
Here too, the necessary rise involves overcoming a clear parallel channel, and the price has fallen back into the channel. For now, the $0.55 support is maintained, preventing LUNA Coin from breaking the channel downwards and accelerating sales. However, long-term risks often discussed are more significant than speculative interim rises.
If $0.75 can be reclaimed, peaks of $0.94 and $1.18 could be targeted. However, the situation with Do Kwon, the Terra network’s ongoing struggles, and increasing competition could lead to new ATL levels, which wouldn’t be surprising. If seen as a meme coin, Terra could sustain its existence long-term as a reminder of the nightmare.
$FLOKI $LUNA $CHZ #FLOKI #LUNA #CHZ
Luna Classic Price Prediction: LUNC Gradually Climbs, Will It Break Out Soon?
As of the recent trading sessions, the Luna Classic price has shown a pattern of gradual upward movement, making a notable attempt to breach key resistance levels. The closing prices have incrementally climbed from $0.00010814 to a peak of $0.00011037 before slightly receding to $0.00010981, suggesting a potential buildup towards a breakout.
The technical indicators on the 4-hour chart provide further insights into the market dynamics. The 9 Exponential Moving Average (EMA) has steadily increased from $0.00010795 to $0.00010923, consistently sitting below the closing prices and indicating a bullish undercurrent. Similarly, the 20 EMA trajectory from $0.00010589 to $0.00010729 also supports the bullish sentiment as it underlies the price action.
The Moving Average Convergence Divergence (MACD) values show a consistent increase in the MACD line over the signal line, with the histogram also confirming increasing bullish momentum. However, the slight decrease in the histogram in the latest data point may suggest a tempering of momentum, warranting cautious observation for potential shifts.
In terms of resistance, the pair faces immediate hurdles at $0.00011156 and $0.00011164, with a significant barrier at $0.0001139. Breaking these levels could confirm a stronger bullish push. Conversely, support levels at $0.00010739 and $0.00010707 play a critical role in holding the price from potential downturns, with a more robust support at $0.00010449.
The Relative Strength Index (RSI) presents values oscillating between 56.76 and 60.90, which situates the market sentiment in a moderately bullish zone without entering the overbought territory. This suggests there is room for upward movement without immediate reversal pressures. #LUNC #TrendingPredictions $LUNC #LUNA
The full analysis and trade strategy was originally posted on ecoinimist.com.
As of the recent trading sessions, the Luna Classic price has shown a pattern of gradual upward movement, making a notable attempt to breach key resistance levels. The closing prices have incrementally climbed from $0.00010814 to a peak of $0.00011037 before slightly receding to $0.00010981, suggesting a potential buildup towards a breakout.
The technical indicators on the 4-hour chart provide further insights into the market dynamics. The 9 Exponential Moving Average (EMA) has steadily increased from $0.00010795 to $0.00010923, consistently sitting below the closing prices and indicating a bullish undercurrent. Similarly, the 20 EMA trajectory from $0.00010589 to $0.00010729 also supports the bullish sentiment as it underlies the price action.
The Moving Average Convergence Divergence (MACD) values show a consistent increase in the MACD line over the signal line, with the histogram also confirming increasing bullish momentum. However, the slight decrease in the histogram in the latest data point may suggest a tempering of momentum, warranting cautious observation for potential shifts.
In terms of resistance, the pair faces immediate hurdles at $0.00011156 and $0.00011164, with a significant barrier at $0.0001139. Breaking these levels could confirm a stronger bullish push. Conversely, support levels at $0.00010739 and $0.00010707 play a critical role in holding the price from potential downturns, with a more robust support at $0.00010449.
The Relative Strength Index (RSI) presents values oscillating between 56.76 and 60.90, which situates the market sentiment in a moderately bullish zone without entering the overbought territory. This suggests there is room for upward movement without immediate reversal pressures. #LUNC #TrendingPredictions $LUNC #LUNA
The full analysis and trade strategy was originally posted on ecoinimist.com.
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Entry price ZONE 0.66/0.65
TP
0.67
0.68
0.69
0.72
0.75
0.77
0.8
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Spot call 🔥🔥🔥
Entry price ZONE 0.66/0.65
TP
0.67
0.68
0.69
0.72
0.75
0.77
0.8
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#LUNA 🔥
Spot call 🔥🔥🔥
Entry price ZONE 0.66/0.65
TP
0.67
0.68
0.69
0.72
0.75
0.77
0.8
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Entry price ZONE 0.66/0.65
TP
0.67
0.68
0.69
0.72
0.75
0.77
0.8
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Key support between 0.61 and 0.62. #LUNA in accumulation right now, aiming for stars. keep an eye on this gem.
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LUNA Classic price dips to August 2022 lows as Terra founder Do Kwon may face five years in prison
LUNA Classic price is currently on a downtrend, having declined by more than 25% in the last month.
Terra founder Do Kwon is facing multiple charges in Montenegro, which could imprison the disgraced CEO for up to five years.
Montenegrin prosecutor, Haris Šabotić, stated that the investigation against Do Kwon is expected to be completed before April 23.
Terraform Labs co-founder Do Kwon was arrested on March 23 after months of evading the authorities following the collapse of the Terra ecosystem in 2022. The disgraced head of the company is currently facing criminal charges in the country of Montenegro and could face severe punishment.
Terra founder Do Kwon might end up in prison
In an interview on March 31, the prosecutor appointed in the Do Kwon case in Montenegro, Haris Šabotić, detailing what can be expected out of the case going forward. As Do Kwon was arrested on the charges of falsifying documents at the Podgorica airport, the prosecution is focusing just on that. Šabotić stated,
“We are only concerned with charging him for using the forged documents. How they got them or from where is a matter for
As stated by Šabotić, the arrest of Do Kwon and his associate did not arise from the Interpol red notice, which was the initial suspicion. Instead, a border guard’s suspicion regarding the authenticity of the passports is what led to their arrest.
Going forward, Do Kwon is expected to face Podgorica’s Basic Court, where the founder could be sentenced to up to five years in prison if the prosecution brings formal charges.
The deadline for investigating and gathering evidence for the trial is set for April 23, which is enough to collect evidence to finish the case, as noted by Šabotić.
However, should the prosecution fail to do so, then the criminal charges will be dismissed, and the case could be taken up by the Higher Court since Do Kwon has an Interpol arrest warrant to his name. No details about Do Kwon’s extradition to the United States or South Korea have emerged yet.
LUNA Classic fails recovery
LUNA Classic is currently trading at $0.000125 after declining by more than 26% in the span of a month throughout March. Falling below the December 2022 lows of $0.000129, the altcoin slipped to touch the price point that was last visited by LUNC over seven months ago.
Unlike other altcoins, LUNA Classic price made no recovery in the last few weeks, which has given the cryptocurrency a lot of room to mark some increase, as noted on the Relative Strength Index (RSI).
But the presence of the indicator in the bearish zone below the neutral line suggests the altcoin does not have enough strength to pull a recovery yet, and if Do Kwon ends up facing jail time, this crypto asset could further decline.
#Binance #crypto2023 #BTC #BNB #LUNA
Terra founder Do Kwon is facing multiple charges in Montenegro, which could imprison the disgraced CEO for up to five years.
Montenegrin prosecutor, Haris Šabotić, stated that the investigation against Do Kwon is expected to be completed before April 23.
Terraform Labs co-founder Do Kwon was arrested on March 23 after months of evading the authorities following the collapse of the Terra ecosystem in 2022. The disgraced head of the company is currently facing criminal charges in the country of Montenegro and could face severe punishment.
Terra founder Do Kwon might end up in prison
In an interview on March 31, the prosecutor appointed in the Do Kwon case in Montenegro, Haris Šabotić, detailing what can be expected out of the case going forward. As Do Kwon was arrested on the charges of falsifying documents at the Podgorica airport, the prosecution is focusing just on that. Šabotić stated,
“We are only concerned with charging him for using the forged documents. How they got them or from where is a matter for
As stated by Šabotić, the arrest of Do Kwon and his associate did not arise from the Interpol red notice, which was the initial suspicion. Instead, a border guard’s suspicion regarding the authenticity of the passports is what led to their arrest.
Going forward, Do Kwon is expected to face Podgorica’s Basic Court, where the founder could be sentenced to up to five years in prison if the prosecution brings formal charges.
The deadline for investigating and gathering evidence for the trial is set for April 23, which is enough to collect evidence to finish the case, as noted by Šabotić.
However, should the prosecution fail to do so, then the criminal charges will be dismissed, and the case could be taken up by the Higher Court since Do Kwon has an Interpol arrest warrant to his name. No details about Do Kwon’s extradition to the United States or South Korea have emerged yet.
LUNA Classic fails recovery
LUNA Classic is currently trading at $0.000125 after declining by more than 26% in the span of a month throughout March. Falling below the December 2022 lows of $0.000129, the altcoin slipped to touch the price point that was last visited by LUNC over seven months ago.
Unlike other altcoins, LUNA Classic price made no recovery in the last few weeks, which has given the cryptocurrency a lot of room to mark some increase, as noted on the Relative Strength Index (RSI).
But the presence of the indicator in the bearish zone below the neutral line suggests the altcoin does not have enough strength to pull a recovery yet, and if Do Kwon ends up facing jail time, this crypto asset could further decline.
#Binance #crypto2023 #BTC #BNB #LUNA
