The crypto sell-off is in full swing and Wall Street has not even opened yet.
Bitcoin managed to bounce off a critical support and if the higher levels sustain, FTT, XTZ, KCS and HNT could attract buyers.
Bitcoin threatens its lowest weekly close since late 2020 as low weekend liquidity exacerbates existing weakness.
The rumor surfaced after a Twitter thread by @FatManTerra shared the alleged details on how Kwon, along with Terra influencers, managed to drain funds while artificially maintaining the liquidity.
The main problem that led to the fall of Terra was that the reserves appeared to be overcollateralized, but in reality, they weren’t.
An improving Tether discount in Asian markets and positive futures premiums for BTC and ETH suggest a slight recovery is in the making.
Interestingly, an AXS technical setup also predicts a 2,500% price rally despite the token facing major headwinds ahead.
Coin Center filed a lawsuit against the Treasury Department in federal district court — challenging the enforcement of Section 6050I’s reporting mandate.