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Terra's Do Kwon Refutes Report That South Korean Prosecutors Froze $39.6M of His Crypto
Do Kwon tweeted in part on Wednesday, "Once again, I don't even use Kucoin and OkEx, have no time to trade, no funds have been frozen," in response to CoinDesk's story summarizing News1's reporting that South Korean prosecutors have frozen $39.6 million worth of his cryptocurrency assets. CryptoQuant Head of Marketing Hochan Chung weighs in.
Do Kwon Denies Report That South Korean Prosecutors Froze $39.6M of His Crypto
Do Kwon, the CEO of Terraform whose failed stablecoin project rocked markets earlier this year, denied a media report that South Korean prosecutors have frozen 56.2 billion won ($39.6 million) of his cryptocurrency assets. “The Hash” panel discusses what this means for the crypto industry at large.
Three Arrows Capital’s Liquidator Takes Over Starry Night NFT Wallet
Starry Night Capital, a fund backed by bankrupt crypto hedge fund Three Arrows Capital, had its non-fungible tokens (NFT) moved to smart contract wallet Gnosis Safe, according to Nansen.ai. The move was made by 3AC’s liquidator Teneo to take control of the digital assets.
Financial Messaging System SWIFT Says It Has Proved It Can Lead Global CBDC Framework
SWIFT, a key part of the conventional financial system that helps make cross-border payments between banks, has presented a framework for a global central bank digital currency (CBDC) system, claiming to have solved the challenge of interoperability between different networks. “The Hash” hosts discuss what this means for the future of digital payments.
Bitcoin Hovers Around $20K as US Stock Futures Drop After 2 Days of Big Gains
Bitcoin (BTC) is hovering around $20,000 as investors grow optimistic about a Fed pivot narrative. Wave Financial Managing Director Nauman Sheikh says investors are “coming up with innovative ways to generate yield” in this flat market.
‘Very Little Deal Risk’ on Musk Closing Twitter Acquisition: Analyst
Elon Musk is reviving his deal to buy Twitter at $54.20 a share. CFRA Senior Equity Analyst Angelo Zino says “it’s pretty much a done deal” and expects the planned acquisition to be finalized “over the next couple of weeks.”
CFTC Commissioner Mersinger ‘Cannot Support’ Agency’s Approach in Ooki DAO Case
CFTC Commissioner Summer K. Mersinger expressed her dissent over the agency’s action against Ooki DAO, noting in a press release that “we cannot arbitrarily decide who is accountable for those violations based on an unsupported legal theory amounting to regulation by enforcement while federal and state policy is developing.” She joins “First Mover” to discuss.
CFTC Commissioner Prefers Legislative Action Over Regulatory Ambiguity Around New Technology
"I would prefer to have a legislative body act" when it comes to regulatory ambiguity related to new technology, CFTC Commissioner Summer K. Mersinger tells "First Mover."
South Korean Prosecutors Reportedly Froze $39.6M of Crypto Tied To Do Kwon
Prosecutors in South Korea have frozen $39.66 million of cryptocurrency assets belonging to Terraform Labs CEO Do Kwon, according to Korean media outlet News1. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the report and Do Kwon's response on Twitter.
Commissioner Mersinger Expresses Dissent Over CFTC Action Against Ooki DAO
The Commodity Futures Trading Commission (CFTC) can serve a decentralized autonomous organization (DAO) through a website help bot and forum post, a federal court ruled Monday. CFTC Commissioner Summer K. Mersinger shares her thoughts about the latest action from the agency and the wider U.S. crypto regulatory landscape.