BREAKING NEWS!

SEC Slaps Terra with Multi-Billion Dollar Penalty

Cryptocurrency markets were devastated by the 2022 crash, with Terra playing a significant role. It was the first and largest domino to fall, triggering the collapse. While everyone anticipated a boom in crypto lending, Terra caused a major disruption. Now, they face a $4.5 billion fine. Do Kwon, who fled Montenegro, has seen multiple court orders for his extradition. However, all decisions were overturned by another court. Before Do Kwon is extradited to the US or South Korea, Terra‘s fine has been determined. Terraform will pay a $4.5 billion penalty for the collapse of the $40 billion ecosystem. This money largely comes from gains made from victims. SEC Chairman mentioned the following in a recently released SEC announcement; security under securities laws. Terraform and Do Kwon’s fraudulent activities caused devastating losses for investors, wiping out entire life savings in some cases.

Source: COINTURK

Potential Effect for Crypto Investors:

The $4.5 billion penalty imposed on Terra by the SEC underscores the severe consequences of non-compliance with securities laws and fraudulent activities in the crypto market. For investors, this settlement highlights the importance of due diligence and the risks involved in the volatile cryptocurrency landscape. It serves as a stark reminder that even seemingly promising projects can lead to significant financial losses. This action by the SEC may also increase regulatory scrutiny on other crypto firms, potentially leading to more stability and investor protection in the long run.

#CryptoNews #SEC #Terra #CryptoRegulation #CryptoInvestors

Ripple Rejects SEC's $2 Billion Fine, Citing Terraform Labs Case as Example.

Ripple Labs has stated that it intends to reduce its own financial penalties by citing penalties imposed on Terraform Labs in a separate but related SEC case. The #SEC accuses Ripple of selling $1.3 billion of #XRP in unregistered securities transactions and is seeking a punitive $2 billion penalty.
Amid the ongoing legal dispute with the SEC, Ripple has consistently emphasized that the financial penalties proposed by the regulatory body are disproportionate. In a recent statement, Ripple noted that Terraform Labs, which was subject to similar scrutiny, received a significantly lower penalty despite more serious charges. Terraform was fined $4.47 billion, which was later approved by a judge. Ripple's legal team points out the inconsistencies in the SEC's penalty calculations, stating that the penalty should be around $10 million.

Ripple's lawyers argue that the striking difference in penalties reveals an inconsistency in the SEC's approach. “The SEC's demands in the Ripple case stand in sharp contrast to penalties imposed in similar or more severe cases,” they said. They cited the Terraform case as an example, stating that fines imposed on companies in similar situations generally account for only 0.6% to 1.8% of their gross revenues.

In its defense, Ripple also emphasizes that, unlike Terraform Labs and its founder Do Kwon, #Ripple has not been accused of fraud. The SEC's argument is based on unregistered securities sales, not deceptive practices. “Although there was no fraud and the harm to institutional investors was minimal, the SEC's proposed penalties are excessive,” the defense team said. So far, the SEC has not responded to Ripple's latest allegations.
$BTC $XRP

📊🤧CRYPTO : #TERRAFORM LABS VA PAYER UNE AMENDE DE 4,47 MILLIARDS DE DOLLARS À LA SEC.

☑️Accord de principe.
Alors que le marché haussier post-halving promis en 2024 peine à décoller, les affaires judiciaires associées à la version précédente finissent enfin par prendre le chemin d’un dénouement effectif. Un cataclysme enclenché par l’effondrement de l’écosystème Terra, épicentre de presque toutes les faillites qui suivront… comme la débâcle emblématique de la plateforme #FTX . C’est dans ce cadre précis que le fondateur de Terraform Labs, Do Kwon, luttait contre une extradition vers les États-Unis depuis de nombreux mois. Mais, suite à un récent accord passé avec la SEC en mai dernier, le dossier semble enfin se débloquera, l’aide d’une amende record de 4,47 milliards de dollars

📊💹☑️🤧TERRAFORM LABS ACCEPTE UN ACCORD AVEC LA #SEC .

☑️On comprend mieux pour quelle raison la SEC des États-Unis souhaite contrôler le secteur des cryptomonnaies, lorsque les montants des amendes perçues sont rendus publics. Et le dernier record dans le domaine appartenait jusqu’à présent à la plateforme #Binance et ses 4,3 milliards de dollars.

🚨 Mais de toute évidence, ce chiffre astronomique était une simple mise en bouche. Car dès le mois d’avril dernier, ce sont 5,3 milliards de dollars qui étaient réclamés à la structure Terraform Labs. Cette dernière jugée responsable, avec son fondateur Do Kwon, de l’effondrement de l’écosystème Terra, alors estimé à plus de 40 milliards de dollars.

🤝 Une démarche censée protéger les investisseurs lésés dont on se demande à quel moment – et sous quelle forme – ils en recevront les fruits. Mais la question n’est pas encore à l’ordre du jour pour la SEC des États-Unis, à l’origine du récent dépôt d’une « proposition de jugement par consentement final. » Avec comme objectif de faire approuver son dernier plan par le juge Jed Rakoff du district sud de New York, en charge de ce dossier.

Terraform agreed with the SEC: It will pay a $4.47 billion fine.

The U.S. Securities and Exchange Commission (SEC) on Wednesday filed a “proposed final approval order” with U.S. District Court Judge Jed Rakoff for the Southern District of New York to approve the plan. Under the proposed verdict, Terraform will pay $3.58 billion in restitution, $420 million in civil penalties, and bar Do Kwon from becoming a director or officer of any public company.

#TerraformLabs agreed to pay a $4.47 billion penalty after reaching a settlement with the US Securities and Exchange Commission (SEC) over its algorithmic stablecoin falling dramatically in 2022.

The #SEC filed a “proposed final approval order” on Wednesday and asked U.S. District Court Judge Jed Rakoff for the Southern District of New York to approve the plan.
The SEC said in its court filing:
“The proposed consent judgment addresses the magnitude of this fraud, implements significant remedial, punitive, and deterrent measures, includes multibillion-dollar judgment, and ensures meaningful and expeditious relief for investor victims.
“If approved, the proposed resolution would send a clear deterrent message not only to those who engage in brazen behavior, but also to all individuals who attempt to establish new standards of conduct to evade the requirements of the federal securities laws.”

Terraform and its founder Do Kwon reached an “agreement in principle” with the SEC after oral argument was canceled in late May. Under the proposed verdict, Terraform will pay $3.58 billion in restitution, $420 million in civil penalties and bar Kwon from becoming a director or officer of any public company.

Kwon also must pay approximately $204 million “to the Terraform bankruptcy estate for distribution to injured investors,” the SEC said.

Önümüzdeki birkaç hafta içinde altcoinlerin büyümeye başlamasını bekliyorum ancak bu bir mini altcoin sezonu olacak. Bu senaryonun gerçekleşmesi için BTC'nin hakimiyetinin %51 - %49 aralığına düşmesi gerekiyor. Bu dönemde açgözlü olmamalısınız ve piyasanın verdiği karı almak akıllıca olacaktır çünkü BTC hakimiyeti, BTC büyümesinin 100.000$+ yönünde devam etmesiyle önceki zirvelere geri dönecektir.
Büyük olasılıkla gerçek altcoin sezonunun başlangıcını Ekim veya Kasım 2024'te göreceğiz.

#Bitcoin #Binance #web3 #SEC

#Bitcoin  işi biliyor niyemi
İnsan psikolojisine göre hareket ediyor herkesi bu gitgellerle eliyorlar
Bizim gibileri düşüşte topluyor , 2021'de zengin oldum
2025'de Milyarderler bizim gibi aklı başında herkesten farklı bakan manyaklar olacak;)

#Bitcoin #Binance #btc #SEC #XRP

NEWS: US Securities and Exchange Commission (SEC) Chairman Gary Gensler suggested to lawmakers that the regulator could give the final go-ahead for listing and trading of Ether (ETH) spot exchange-traded fund shares within three months.
At a June 13 hearing in the Senate Banking Committee discussing US President Joe Biden's 2025 budget requests for the SEC, Gensler said he expected the commission to approve S-1 registration statements for asset managers "sometime this summer."
On May 23, the SEC approved 19b-4 applications from eight companies, but the applications require S-1 approval before the ETFs can begin trading on US exchanges. While some analysts had predicted that Ether spot ETFs could begin trading on US exchanges by the end of June, the SEC has not yet set an exact date.
It is important to note that final approval of spot Ether ETFs could take a few weeks after the 19b-4 filings are greenlit. However, ETH ETFs are expected to launch sometime this summer.

#SEC $ETH #Regulation

$FIS tarihi dipler. Satın alınan coinlerin neredeyse yarısı kilitli ve arz çok az. Zamanı yaklaşıyor. Kontrol edip araştırmanızı kendiniz yapın. Yarı yoldan inenlerden olmayın! $BTC $ETH #Bitcoin #Binance #SEC #web3 #btc

#Write2earn
TERRA TOKENS RALLY: LUNA AND LUNC SEE BULLISH TRENDS AMID POSITIVE SEC NEWS
#TerraLab #SEC #LUNA #LUNC $LUNA $LUNC

After two years of decline, Terra tokens (LUNA and LUNC) are seeing a significant resurgence driven by positive SEC case developments.

Investor Optimism
Terra tokens are sparking investor hope with current bullish trends suggesting potential gains for LUNA and LUNC holders. The anticipated altcoin season could further boost their value.

Price Surge Analysis
LUNA: After a 97.13% drop from its peak, LUNA recently surged to $0.5973 before settling at $0.5429. It now ranks 150th on CoinMarketCap with a market cap of $415.8 million and a 102% increase in trading volume to $61.7 million.
LUNC: Facing a 99.99% drop since its peak, LUNC is currently priced at $0.0001027, up 1.18% from yesterday. Its market cap is $594.1 million with a 40% increase in trading volume to $37 million.

Reasons for the Increase
The broader crypto market turned bullish after the CPI data release, aiding the recovery of Bitcoin and sparking a surge in LUNA and LUNC.
Positive SEC settlement news and ongoing upgrades in the Terra Luna Classic network have boosted investor sentiment.

Technical Indicators
Technical indicators show a strong buying zone for LUNA, with the RSI at 57.26, indicating a healthy presence of buyers.

Conclusion
The recent surge in Terra tokens, fueled by positive SEC news and market conditions, offers a hopeful outlook for investors. With the altcoin season approaching, LUNA and LUNC may continue to see significant gains.

$BTC dumped $3000 after my post.
Hope you enjoyed.

Note: #Bitcoin is still bearish until it breaks the $71800 level.

#Crypto #Binance #SEC #Web3 $ETH $IO

JUST IN:

Terraform Labs agrees to pay $4.47 billion to resolve a civil lawsuit filed by the 🇺🇸 SEC.

#SEC #BitEagleNews

✔️J'ai trouvé un article pour les investisseurs Bitcoin-ETF en Suisse

🪙 Le prix du produit coûtait 303 millions de dollars.

🏆 Il est vrai que Millennium Management a octroyé à la #SEC un montant de 2 millions de dollars, qui est en ce moment dans les secteurs d'activité des #ETF #bitcoins .Un homme de BlackRock a gagné 800 millions de dollars.

Cet employé, Millennium Management, pour le deuxième trimestre, a créé le groupe Bitcoin-ETF.

Bugün 15:30’da ABD enflasyon verileri açıklanacak!

JPMorgan analistlerine göre, gerçekleşmesi en muhtemel senaryo, #enflasyon verisinin aylık %0,3 - %0,35 arasında açıklanması ve #SP500'ün bu veriye %0,75 düşüş ve %0,75 yükseliş arasında tepki vermesi!

Diğere olasılıklar da aşağıda siz neler düşünüyorsunz? Veri sonrası ne gibi hareketler bizi bekliyor olacak?

#Bitcoin #Binance #BinanceHerYerde #USDT #SEC

cc: @getmidas

🇺🇸 Spot #BitcoinETFs Positive inflows with +$101M ( 12-06-2024 )

🔹 #Grayscale saw Zero Inflow/outflow
🔹 #Blackrock +$16M Inflow
🔹 Total Value Traded: $2.16 Billion ( As of 12th June )
🔹 Total Net Assets ~$60 Billion in 🇺🇸 Spot ETFs

Total inflows of +$101M in Spot 🇺🇸Bitcoin ETFs
1⃣ $IBIT +$16M (+232 BTC)
2⃣ $ARKB +$9M (+126 BTC)
3⃣ $BITB +$15M (+215 BTC)
4⃣ $FBTC +$51M (+752 BTC)
5⃣ $HODL +$12M (+172 BTC)

🔰 5 ETFs = +ve Inflow
🔰 6 ETFs = 0 Inflow/Outflow
🔰 0 ETFs = -ve Inflow

US Bitcoin ETFs Bought 1,500 $BTC Yesterday, which is Equal to Approximately 3.30 days supply.

#bitcoin #SEC $ETH $SOL

Former Ripple executive explained why XRP could not rise.
Former Ripple Manager Sean McBride explained the reasons for this when he said that he did not expect a significant jump in XRP at the moment.

While XRP has been at the center of criticism for its poor performance for years, it has lost its position in the market over time, and while it was once one of the 4 largest cryptocurrencies, it is now ranked 7th with a market value of $ 26.8 billion.

As a crypto asset directly affected by Ripple's internal dynamics, XRP remains silent during general market increases and is not subject to sharp sales during price corrections. Although there has been a few positive news recently about XRP, which attracts attention with its price movements that differ from the market from time to time, reactions to current developments remain limited since the main issue of concern is the #SEC case.

Making statements about why #XRP has lost value despite the recent positive news, former Ripple Manager McBride said that no one should have expectations before the case is concluded.

Sean #McBride reiterated the general view that XRP price will not experience any significant movement until a final decision is made in the ongoing SEC and Ripple case. Therefore, McBride described those who have different expectations as dreamers.

In July last year, Ripple won a partial victory when US District Court Judge Torres ruled that individual sales of #XRP were not securities. After the value of XRP rapidly doubled at that time, the cryptocurrency closed July with a value increase of nearly 50%. However, in the following month, pricing related to the outcome of the case was completely withdrawn and XRP has continued its horizontal movement in the roughly 0.5-0.6 dollar range for nearly a year.

The incident that took place last year was the biggest proof that #XRP was connected to the Ripple case. Currently, there is a widespread opinion that if Ripple somehow overcomes the problems related to corporate XRP sales, the XRP price may be seriously triggered.
$BTC $XRP

📈 SEC ACCEPTS PROSHARES SPOT ETHEREUM ETF ENTRY 📈

On June 10, the U.S. Securities and Exchange Commission (SEC) acknowledged a proposed rule change for ProShares' spot Ethereum ETF and approved Ark Invest’s exit from the 21Shares application.

📊 ProShares Ethereum ETF Update:
The SEC's notice regarding ProShares recognizes, but does not yet approve, the proposed rule change. The SEC has a 45-day window to act on the proposal, with an option to extend the decision period to 90 days. By the end of this period, the SEC must approve, disapprove, or initiate additional proceedings.

💬 Analyst Insight:
Bloomberg ETF analyst James Seyffart commented on the timing: “Instinct initially says this [won’t] launch on day 1 with the other ETFs whenever that is but who knows.” NYSE Arca plans to list and trade shares of ProShares’ fund.

🔄 21Shares Continues Without Ark:
The SEC affirmed that 21Shares' proposed fund could proceed without Ark Invest. The agency waived its usual 30-day operative delay, making the change effective immediately.
Ark and 21Shares announced their split on May 31. Ark stated to Bloomberg ETF analyst Erich Balchunas that it “will not be moving forward” with an Ethereum ETF but remains involved in the spot Bitcoin ETF ARKB.

⏳ Timeline for Spot ETH ETFs:
While the SEC approved rule changes for eight spot ETH ETFs on May 23, it has yet to approve applicants’ S-1 registration statements. As a result, these products have not launched for trading, and no definite launch date has been set.

🌟 Market Expectations:
Analysts have varying expectations for the launch dates of these spot Ethereum ETFs. Balchunas predicts a launch by the end of June, with an “over-under” date of July 4, while JP Morgan anticipates the funds will begin trading by November.

👇 What are your thoughts on the SEC's decisions?
Like, share, comment, and follow for more updates!

Your Matthias Mende

#EthereumETF #SEC #bitcoin #etf #ethereum
$BTC $ETH $SOL

#Bitcoin  devam ettikçe dominans düşüyor Altcoinlerde ki mumlara bak🔥

#Bitcoin #Binance #BinanceHerYerde #SEC #btc