Brazil is advancing landmark legislation to ban algorithmic stablecoins, mandating strict 1:1 reserve backing in a move that protects consumers and strategically clears the path for its central bank digital currency, Drex. This regulatory squeeze is accelerating a capital rotation from experimental DeFi toward fundamental infrastructure, with Bitcoin Hyper ($HYPER) raising over $31 million by bringing Solana’s speed to Bitcoin via a novel Layer 2 solution. Whale activity confirms growing institutional interest in scalable utility projects as the market seeks tangible technological moats over financial engineering.
about Brazil Bans Algorithmic Stablecoins, Fuels Bitcoin Hyper's $31M Presaleust
1 posts last weekStablecoin Supply Drops $7B as Crypto Liquidity Thins
The Ethereum network has witnessed a historic $7 billion weekly contraction in stablecoin supply, plunging from $162 billion to $155 billion. This marks the first sharp weekly decline in ERC-20 stablecoins during the current market cycle, signaling a significant thinning of liquidity across cryptocurrency markets as capital shifts away and prices correct. Analysts warn this pattern mirrors behavior seen before previous downturns, raising a bearish flag for digital asset markets.
about Stablecoin Supply Drops $7B as Crypto Liquidity ThinsTerraform Labs Sues Jump Trading for $4B Over Terra Collapse
In a dramatic escalation of the legal fallout from one of cryptocurrency’s most catastrophic failures, the bankruptcy administrators for Terraform Labs have filed a $4 billion lawsuit against trading giant Jump Trading. The complaint, filed in U.S. federal court, alleges Jump Trading engaged in illicit market manipulation and self-dealing that both exploited and contributed to the collapse of the Terra ecosystem, which erased over $40 billion in value and triggered a wider industry crisis. This lawsuit arrives just weeks after Terraform’s former CEO, Do Kwon, was sentenced to 15 years in prison, marking a new chapter in the pursuit of accountability for the 2022 disaster.
about Terraform Labs Sues Jump Trading for $4B Over Terra CollapseDo Kwon Sentenced to 15 Years as 315 Victim Letters Detail Terra Collapse Fallout
Terraform Labs founder Do Kwon has been sentenced to 15 years in prison after a U.S. judge reviewed 315 harrowing victim impact letters detailing the catastrophic human toll of the $40 billion Terra ecosystem collapse. The letters, which U.S. District Judge Paul Engelmayer called “impactful,” described financial ruin, health crises, family breakdowns, and suicides directly linked to the 2022 downfall of UST and LUNA, framing the legal proceeding as a stark reckoning for crypto fraud.
about Do Kwon Sentenced to 15 Years as 315 Victim Letters Detail Terra Collapse FalloutDo Kwon Sentenced to 15 Years for ‘Epic Fraud’ in Terra Collapse
Do Kwon, the founder of Terraform Labs, has been sentenced to 15 years in federal prison for orchestrating what the presiding judge termed an “epic fraud.” The 2022 collapse of his algorithmic stablecoin TerraUSD (UST) and its sister token Luna erased an estimated $40 billion in value, destabilized the broader crypto sector, and triggered a cascade of corporate failures. Kwon, who pleaded guilty to conspiracy and wire fraud, admitted in court to deceiving investors about the stability of TerraUSD.
about Do Kwon Sentenced to 15 Years for 'Epic Fraud' in Terra CollapseDo Kwon Sentenced to 15 Years for TerraUSD Fraud
Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in federal prison for orchestrating a massive fraud that led to the collapse of the TerraUSD stablecoin and its sister token, Luna. The December 2025 ruling, following Kwon’s guilty plea, marks a pivotal moment in one of the most devastating financial frauds in cryptocurrency history, which erased an estimated $40 billion in market value and devastated thousands of investors.
about Do Kwon Sentenced to 15 Years for TerraUSD FraudDo Kwon Sentenced to 15 Years in Prison for Terraform Collapse
Do Kwon, the co-founder of Terraform Labs, has been sentenced to 15 years in a U.S. federal prison for wire fraud and conspiracy to defraud, marking a watershed moment in the legal pursuit of cryptocurrency executives. The sentence, handed down by Judge Paul Engelmayer, follows the catastrophic 2022 collapse of the Terra ecosystem, which vaporized an estimated $40 billion in market value and left a trail of devastated investors. The ruling came after hours of emotional victim impact statements in a New York courtroom, underscoring the profound human and financial wreckage left in the wake of the failed algorithmic stablecoin UST and its sister token LUNA.
about Do Kwon Sentenced to 15 Years in Prison for Terraform CollapseDo Kwon Sentenced to 15 Years for $40B Terra Collapse Fraud
Terraform Labs founder Do Kwon has been sentenced to 15 years in federal prison for orchestrating the fraud that led to the catastrophic $40 billion collapse of the Terra ecosystem in 2022. The sentence, handed down by U.S. District Judge Paul Engelmayer in Manhattan, concludes a landmark case that prosecutors described as an “unusually serious” financial crime built on lies. Kwon, who pleaded guilty in August, expressed remorse in court while victims detailed life-altering losses from the failure of the algorithmic stablecoin UST and its sister token Luna.
about Do Kwon Sentenced to 15 Years for $40B Terra Collapse FraudDo Kwon Sentencing Today: Terra Founder Faces 12-Year Prison Term
Disgraced Terraform Labs founder Do Kwon faces sentencing today in a Manhattan court for fraud charges tied to the $40 billion collapse of the TerraLUNA ecosystem. Prosecutors have requested a 12-year prison term, while Kwon’s lawyers argue for just five years. The case marks one of the most significant legal reckonings in cryptocurrency history, with the South Korean entrepreneur admitting his “hubris” led investors astray.
about Do Kwon Sentencing Today: Terra Founder Faces 12-Year Prison TermDo Kwon Faces 40 Years in South Korea as US Judge Weighs Extradition
As Terraform Labs co-founder Do Kwon awaits sentencing in a U.S. court this week, the shadow of a potential 40-year prison term in his native South Korea looms large. U.S. District Judge Paul Engelmayer is now scrutinizing how Kwon’s legal exposure in Asia should factor into his American punishment, highlighting the complex, multi-jurisdictional fallout from the catastrophic collapse of the Terra (LUNA) and TerraUSD (UST) ecosystem. Kwon’s guilty plea to wire fraud and conspiracy charges in August sets the stage for a pivotal hearing that could shape the final chapter of one of crypto’s most dramatic downfalls.
about Do Kwon Faces 40 Years in South Korea as US Judge Weighs ExtraditionDo Kwon Faces 12-Year Prison Sentence for Terraform Fraud
US federal prosecutors have taken the unprecedented step of requesting a 12-year prison sentence for Terraform Labs co-founder Do Kwon, asserting that the financial devastation wrought by his fraud eclipsed the combined losses from three other infamous crypto scandals. This recommendation, filed in the US District Court for the Southern District of New York, follows Kwon’s guilty plea to wire fraud and conspiracy charges and signals a watershed moment in the legal reckoning for cryptocurrency misconduct.
about Do Kwon Faces 12-Year Prison Sentence for Terraform FraudDOJ Seeks 12-Year Prison Sentence for Terra Founder Do Kwon
Federal prosecutors are urging a judge to impose the maximum 12-year prison sentence on Terra founder Do Kwon for his role in the $40 billion collapse of the UST and LUNA cryptocurrencies. The Department of Justice argues that a lighter sentence would create unfair disparities compared to the 25-year term given to FTX’s Sam Bankman-Fried. Kwon’s sentencing is scheduled for December 11 in Manhattan.
about DOJ Seeks 12-Year Prison Sentence for Terra Founder Do Kwon