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Montenegrin authorities extradited crypto entrepreneur Do Kwon to the United States on Sunday to face fraud charges related to the $40 billion collapse of the Terra ecosystem in 2022. According to a Reuters report, Kwon, who co-founded Terraform Labs, was arrested in Montenegro last March while attempting to board a flight using a fake Costa Rican passport. He had evaded authorities since the May 2022 crash of his TerraUSD and Luna cryptocurrencies. The extradition followed the Montenegro Constitutional Court’s rejection of Kwon’s final appeal. “It was concluded that the majority of the criteria prescribed by law favor the extradition request from the competent authorities of the United States of America. Consequently, the Minister of Justice issued a decision approving the extradition of Kwon Do Hyung to the United States, while simultaneously rejecting the extradition request from the Republic of Korea.” Kwon faces multiple charges in the US, incl...

Tesla and SpaceX founder Elon Musk has changed his username on X to Kekius Maximus in a major boost for Pepe-themed coins such as presale token Wall Street Pepe ($WEPE), after its fundraising passes $38 million.  Earlier in December multibillionaire meme coin fan Musk retweeted two Kekius posts, the first from @ALX on December 10, 2024, of an image generated by Grok of our froggy legion.  A second Kek coin emerged four days later, associated with Autism Capital, this time showing an image of a frog legionnaire smoking a cigarette, which was also shared by Musk.  Two ‘Kek’ tokens have emerged (actually there are now even more, but we’ll stick with the OGs), on Solana (Kekius Maximus $KM ) and Ethereum (Kekius $KEKIUS ). Meanwhile, Wall Street Pepe token has continued to gain traction among those who missed out on Pepe (and Pepe Coin) the first time around, or on the launch of Pepe Unchained ($PEPU), which will...

The ai16z price soared 40% in the last 24 hours to trade at $1.73 as of 11:15 p.m. EST on trading volume that skyrocketed 82% to $300 million. This comes as the agentic artificial intelligence (AI) platform mulls launching its own Layer-1 blockchain network as part of its broader tokenomics overhaul. The project also considers creating a platform similar to Pump.fun for launching AI agents. Oh…. ? Looks like @ai16zdao has formally announced plans to launch an Agent Infra Ecosystem… … with agentic value being driven back to their native token $ai16z Highlights: 1. Core focus of platform will be to enable agent swarms. This is key to unlocking the next… pic.twitter.com/oDW9enqqFt — 7213 | Ejaaz (@cryptopunk7213) December 28, 2024 ai16z Price On A Sustained Bullish Trend The ai16z price chart Analysis on the 1-hour timeframe displays a strong bullish momentum over the past few days. After a period of consolidation around the $1.20 range, th...

MicroStrategy has added to its Bitcoin holdings with another 2,138 BTC purchase This is the eighth consecutive week that the US-listed company has purchased Bitcoin MicroStrategy’s announcement comes a day after Michael Saylor posted the company’s BTC tracker. MicroStrategy, the world’s largest publicly-traded holder of Bitcoin (BTC), has announced purchase of the flagship digital asset. The company, whose BTC buying spree has seen it become known as a Bitcoin development company, revealed the latest purchase on Dec. 30. MicroStrategy buys BTC again In the announcement, the company disclosed its eighth consecutive week of BTC acquisition involved the scooping of 2,138 bitcoins for $209 million. The company used funds from its at-the-market share sales, which currently stands at over $6.88 billion. MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12...

The Hund price has pumped 64% in the past week and 3% in the last 24 hours to trade at $0.01267 as of 12:20 a.m. EST on a 283% pump in trading in trading volume to $11 million. Hund Price Rebounds: Can The Bulls Sustain The Momentum? The HUND/USD price action is characterized by consolidation after a sharp parabolic rally. The price is currently trading at $0.01267, just below the 50-period moving average (MA) at $0.01202, which is acting as a significant short-term resistance level. Meanwhile, the 200-period SMA at $0.01034 serves as a robust support level, offering a foundation for buyers to hold the price above this critical threshold. This is crucial, as the 200-period SMA often acts as a key indicator of long-term market sentiment. The recent parabolic rally began after a prolonged consolidation below $0.006, marking this area as a base of strong accumulation before the breakout. HUNDUSD Analysis Source: Dextools.io The Relative Strength Index (RSI) is currently at 62.80, s...

The new crypto presale, Meme Index, could potentially lead the surge of meme coins by the end of the year in a market that has already surpassed $137 billion in value. The project offers investors a unique way to tap into the meme coin sector. Since launching its presale for the MEMEX token, Meme Index has raised over $1 million in a short period. This milestone signals growing investor confidence in meme coins, reinforcing their increasing influence within the broader cryptocurrency market. What is Meme Index (MEMEX)? The Meme Index marks a significant advancement in the meme coin ecosystem. By combining market-wide exposure into curated indexes, it integrates innovation, decentralization, and community governance into a single platform for meme coin enthusiasts. With MEMEX, investors can unlock the explosive potential of meme coins while selecting their preferred risk tolerance. The MEMEX token allows participation in four diverse meme coin baskets, ranging from low to ultra-hi...

Disgraced Terra (LUNA) founder Do Kwon is reportedly going to be extradited to the US after losing an appeal in a Montenegrin high court. According to a new report by France 24, Kwon – the person suspected of being behind the multibillion-dollar downfall of the Terra ecosystem in 2022 – had his appeal thrown out by the Montenegrin Constitutional Court, which earlier in the year ruled that the conditions for his extradition have been met. However, Justice Minister Bojan Bozovic still had to decide whether to extradite Kwon to the US or South Korea, both of which have pending charges against him. As stated by the Montenegrin Ministry of Justice, according to the report, “It was concluded that the majority of the criteria prescribed by law favor the extradition request from the competent authorities of the United States of America. Consequently, the Minister of Justice issued a decision approving the extradition of Kwon Do Hyung to the United States, while si...

In a new stark development, the currency dynamics are again at play, with the Indian rupee plummeting to hit a new low. At press time, INR is sitting at $85.57, trading at a staggeringly low level against the US dollar. Also Read: Crypto Fuels Russia’s De-Dollarization — Global Power Shift Looms INR Plummets To An All-Time Low Against The US Dollar Source: Reuters / ShutterStock The Indian rupee has hit a record low against the US dollar in a new development. Lately, the Indian rupee has been projecting a lowering price pattern, showing signs of gradual decay and descension. Source: Google The INR degradation has been triggered by multiple factors, including the consistent outflow of foreign funds, inciting market mayhem in the process. The latest RBI data shows that the Indian forex reserves are well equipped to meet the next 11-month import requirement, robusting the economic pathway ahead. Other than that, possible concerns over US-India relations under Trum p’s regime, with fears ...

Shiba Inu (SHIB) has experienced incredible success in its four-year history. The project has garnered a loyal fanbase which seems to be growing every year. SHIB’s popularity skyrocketed during the 2021 bull run when its price rallied by many million percent. Since its 2021 peak, SHIB’s price has somewhat struggled to gain momentum, falling victim to the general bearishness over the last two years. Fortunately, bullish predictions are emerging for the asset come 2025. According to one crypto price prediction, Shiba Inu (SHIB) may be on its way to a $0.00008 value by the end of January 2025. SHIB is currently down 9% in the past month, dealing with an extended period of correction. Despite the dip, SHIB has maintained its gains over the last year. The dog-themed cryptocurrency is up 108.5% since December 2023. Now, one prediction sees it surging over 200% from its current price soon. Crypto market expert JAVON MARKS says that a bullish signal has appeared on the recent price chart of S...

The Movement price has pumped 19% in the last 24 hours to trade at $1.25 as of 9 p.m. EST on a 148% jump in trading volume to $2.7 billion. This price surge has made MOVE the top gainer among the biggest cryptos by market capitalization, according to CoinGecko. It’s also soared 76% in the past week. Movement Price Breaks Above The Resistance Zone The MOVE/USDT chart on a 1-hour timeframe shows several key insights into the asset’s price movement. The major support zone lies between $0.70 and $0.75, where strong buying interest has consistently prevented significant downside moves. Additionally, the price appears to follow a parabolic curve, signalling an acceleration in bullish momentum. The price is testing a resistance zone around $1.18 to $1.20, which has caused temporary rejections and consolidation. If this resistance is broken, the price could rally toward the reward zone at $1.35 to $1.40, presenting a potential profit-taking opportunity for traders. MOVE/U...

The altcoin market looks promising, and many altcoins are recording gains. The cryptocurrency market experienced heightened volatility in October as several tokens experienced price fluctuations. But things have mostly been on the green side for many investors since November. Investors need to stay alert during this consolidation phase, as it could be a chance to catch a ride on a rising trend. Prices of various altcoins are already showing positive movements, even before the market takes off entirely. This article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token. Next Cryptocurrency To Explode Savvy investors capitalized on this year’s boom in the altcoin market and taking positions in upcoming tokens like the Meme Index. Meme Index simplifies investing in meme coins by offering exposure to a curated collection of meme coins, reducing individual risks. 1. Horizen (ZEN) Horizen (ZEN) is drawing attention this...

The altcoin market looks promising, and many altcoins are recording gains. Bitcoin (BTC) reached two new all-time highs this month: first above 100K and then at 108,319. Investors need to stay alert during this consolidation phase, as it could be a chance to ride a rising trend. Prices of various altcoins are already showing positive movements, even before the market takes off entirely. That is why today’s article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token. Next Cryptocurrency To Explode Smart investors anticipate a boom in the altcoin market and taking positions in upcoming tokens like the Crypto All-Stars. The project aims to revolutionize the meme coin space with its groundbreaking MemeVault Ecosystem. This post covers the details of its presale. 1. Usual (USUAL) Usual is making a name for itself in decentralized finance (DeFi) as a stablecoin issuer focused on empowering users through ownership and g...