According to Cointelegraph, Terraform Labs co-founder Do Kwon appeared before a United States magistrate on January 2, 2025, where he pleaded not guilty to multiple charges. This marks the first legal hearing for Kwon since his extradition to the United States. The hearing took place in front of US Magistrate Judge Robert Lehrburger at the Southern District of New York in Manhattan. Do Kwon is facing several serious charges, including securities fraud, wire fraud, money laundering, and commodities fraud. These charges are linked to his involvement in the collapse of the Terra ecosystem in 2022, which had significant repercussions in the cryptocurrency market. The legal proceedings against Kwon have been closely watched, as they represent a significant development in the ongoing efforts to address alleged fraudulent activities within the crypto industry. The hearing on Thursday is a pivotal moment in the legal journey of Do Kwon, which has seen numerous developments since 2023. During this period, Montenegrin court officials deliberated on whether to extradite the Terraform co-founder to the United States or to his native South Korea. The decision to extradite him to the US has now led to this initial court appearance, where Kwon has formally entered a plea of not guilty. As this is a developing story, further updates will be provided as more information becomes available.

Ripple has had a strong presence in the MENA region for a long period of time source: https://u.today/ripple-exec-names-key-areas-of-focus-in-middle-east-and-africa

"The defendant, orchestrated schemes to defraud purchasers of cryptocurrencies," the indictment against the Terraform co-founder source: https://cointelegraph.com/news/terraform-do-kwon-appears-before-us-judge-pleads-not-guilty?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ethereum-focused exchange-traded funds (ETFs) saw record-breaking growth in December, with total net inflows reaching $2.08 billion, nearly double November’s figures. The post Institutional Demand Drives Record-Breaking Inflows to Ethereum ETFs appeared first on Cryptodnes. source: https://cryptodnes.bg/en/institutional-demand-drives-record-breaking-inflows-to-ethereum-etfs/

Virtual Protocol's explosive 22% rally highlights strong momentum, investor confidence, and growing network activity. source: https://ambcrypto.com/can-virtual-keep-its-22-surge-despite-overbought-conditions/

How high can SOL price go in 2025? source: https://u.today/opinions/solana-sol-price-prediction-2025

The post Morgan Stanley’s E-Trade To Consider Crypto Trading Services appeared first on Coinpedia Fintech News In the latest development, Morgan Stanley’s E-Trade is reportedly considering offering crypto trading services. The firm’s online stock trading company is considering the idea, as per a report from The Information. The decision to explore cryptocurrency services is linked to the... source: https://coinpedia.org/news/morgan-stanleys-e-trade-to-consider-crypto-trading-services/

The UK’s Financial Conduct Authority (FCA) is reportedly failing in its attempt to ban crypto advertisements so far. Half of all crypto advertisements are still up in the UK, and the FCA has yet to penalize any of the companies, the Financial Times reports. Citing data from a freedom of information request, FT says that […] The post UK Regulators’ Attempt To Ban Crypto Ads Fails As More Than... source: https://dailyhodl.com/2025/01/02/uk-regulators-attempt-to-ban-crypto-ads-fails-as-more-than-half-remain-online-report/

BRETT coin is an emerging player in the memecoin market. BRETT coin price has experienced a remarkable 9.18% surge in price over the last 24 hours. The spike comes as a result of significant whale activity, drawing attention to the token’s recovery phase after a recent pullback. According to OnchainLens, a whale withdrew 525 ETH […] The post Whales Drive BRETT Coin Price by 9% Amid Increased... source: https://www.thecoinrepublic.com/2025/01/02/whales-drive-brett-coin-price-by-9-amid-increased-buying-activity/

The post XRP Lawsuit: 18 Days Until Gensler Steps Down, Pro-XRP Lawyer Says ‘Too Long appeared first on Coinpedia Fintech News Gary Gensler, the current SEC chairman and former Goldman Sachs exec, is stepping down, and Paul Atkins, chosen by President Trump, is taking over. Gensler has been tough on crypto, and Atkins, on the other hand, believes in letting the free market thrive and views... source: https://coinpedia.org/news/xrp-lawsuit-18-days-until-gensler-steps-down-pro-xrp-lawyer-says-too-long/

Hex Trust gains in-principle approval for a Major Payment Institution license from MAS, reinforcing its commitment to compliance and expanding its regulatory footprint.