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Bitcoin soars to a new all-time high of around $124,000, riding on Fed rate cut expectations, institutional flows, and pro-crypto U.S. policies.
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Do Kwon Pleads Guilty in U.S. Fraud Case Do Kwon, co-founder of Terraform Labs and architect of the TerraUSD and Luna collapse, has entered a guilty plea in a Manhattan federal court. He admitted to conspiracy and wire fraud related to misleading investors about TerraUSD’s stability, including orchestrating price manipulation. His plea deal includes forfeiture of over $19 million in assets. Sentencing is scheduled for December 11, and he faces up to 12 years behind bars.