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Valeria Blokhina

What has happened in the crypto industry over the past day? Read U.Today’s news digest to find out!

Don’t miss a thing in the crypto world with U.Today’s top four crypto news stories over the past day.

Arrest warrant issued for Terra’s Do Kwon

As Bloomberg reported, a court in Seoul has issued an arrest warrant for Do Kwon, founder of Terra because he was accused of breaking the rules of the capital market. Besides Kwon, five other people are also about to be brought to justice. The warrant followed after several Terraform Labs employees were banned from leaving South Korea in June as part of an investigation into the implosion of the Terra project. In July, investigators also raided local cryptocurrency exchanges as part of the investigation. At present, the six people are in Singapore. According to the South Korean newspaper Chosun Ilbo, local prosecutors plan to work with Interpol to make these arrests within a year.

Cardano Founder Says Ethereum’s Vitalik Buterin Will Never Follow Him

With an influx of spambots impersonating various crypto influencers, developers, and CEOs on Twitter, more and more industry leaders have taken notice of the issue, and Charles Hoskinson is no exception. In a recent tweet, the Cardano founder shared a screenshot showing a notification about a fake Vitalik Buterin who is now following him on Twitter. Hoskinson reacted with a laughing attitude, saying the real Buterin will never become his disciple. The reason behind this is a history of feuds between the founders of the two biggest blockchains. Formerly part of the Ethereum team, Hoskinson could not agree with Buterin on the structure of the project. Buterin wanted Ethereum to be a non-profit entity, while Hoskinson viewed it as a for-profit organization. Later, Hoskinson left the project after falling out with the other co-founders.


SHIB is one of the world’s most viewed assets on leading crypto data portal

Data provided by CoinMarketCap market analysis shows that in August, shiba inus has become one of the most viewed crypto assets for users on every continent in the world (except Antarctica!). The conclusion is based on the number of views of the Shiba Inu page directly on CoinMarketCap. The competitor to Dogecoin is the third most popular cryptocurrency in North America, South America, Asia and Africa, behind market leaders like Bitcoin and Ethereum. In Oceania and Europe, Shiba Inu is also giving way to Terra Classic, which is likely due to the LUNC quote pump of the last weeks of August. The study also notes that Shiba Inu remains one of the most watched coins regardless of crypto market conditions in July and August. The cause of the everlasting interest in SHIB is its team working on a number of projects that are expected to take the ecosystem to a whole new level.

LUNC 31% pump confuses investors as the token will most likely take another hit

According to Twitter user “Light”, one of the most successful accessories marketers, the Luna classic The team is working against its supporters, and the last pump confirms it. While all major NASDAQ tech stocks ended the day in the red due to market turmoil caused by high inflation data revealed in the recent CPI report, LUNC shrugged off the correction. Instead, the asset rose more than 30% in 24 hours, making investors feel safe and confident in the fundamental strength of the project. However, there is a catch. Light says the LUNC team chose a common and effective advertising strategy: adding liquidity and funding to the asset to drive its price higher than the market. The day after the pump, LUNC lost over 25% of its value, rendering the 30% rally unproductive.

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