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Critical New Development in Terra (LUNA) and SEC Lawsuit: Billions of Dollars Are Talked About The SEC, which filed for a final decision two weeks after the conclusion of the hearing, is demanding that Terraform Labs and Kwon pay $4.74 billion in damages and precautionary interest. Furthermore, the regulator is seeking damages totaling $520 million, including $420 million from Terraform Labs and $100 million directly from Kwon. In an attached fact sheet filed with the court, SEC justified the total amount by stating that Kwon and Terraform Labs "have made over $4 billion in ill-gotten gains (and possibly much more) from their illegal conduct." SEC added that the amount of the penalty represents a "conservative" but "reasonable approach" of Terraform and Kwon's "ill-gotten gains." In addition to the hefty fines, SEC is also seeking injunctions to prevent Kwon and Terraform Labs from committing further securities violations and buying or selling "any crypto-asset securities." The regulator is also seeking a ban on officers and directors that would prohibit Kwon from serving as officers or directors in a publicly traded company reported by the SEC. SEC noted that such measures are necessary to deter future violations, since "the defendants have not shown remorse for their conduct and cannot be doubted that they are in a position where additional violations are not only possible, but probably already occur." #ContentStar# #Gate post Highlights# #HotTopicDiscussion# #BountyCreator# #GateLive# #NewsMessenger# #LUNA# #LUNC# #LUNR# #LUNCH#

#Terra Classic Topluluğu, Yeni Yükseltme için Oylama Yapıyor: LUNC Token Yükselecek mi?# The Terra Classic community has started voting for the blockchain's next major upgrade after last year's major parity upgrade. The Terra Classic v2.4.2 upgrade will primarily introduce IBC-Hooks, which will enable the addition of dApps on Terra Classic, primarily the Enterprise DAO. The software update proposal, Upgrade v2.4.2, is currently up for vote in the Station wallet and requires governors and the community to update the terrad client to v2.4.2 (upgrade name v7) in order to receive approval. If the proposal is accepted, the Terra Classic chain will be stopped on March 25 at 17:00 Turkish time, at the expected block height of 17309000. Voting on the proposal will end on March 15. Since each proposal must go through a one-week discussion process before voting, several changes have been made after a discussion has been held in the community. Major changes include the removal of packet forward middleware (PFM) from the mainnet version and the addition of a minimum initial deposit.

Several viewpoints on this bull run 1. The maximum resistance level for Ethereum in this bull run is at the exchange rate of 0.055 against Bitcoin, and it should not exceed 0.07, as the exchange rate is a large-level pullback rather than a reversal. The next bull run is expected to be even worse. 2. The bull run is initially estimated to end in September. If there are fundamental influences that lead to the extension of the bull run, it is also possible to see it continue, but it can only last until the end of 2025. In any case, this year will see the end of the bull run, so it's better to plan to exit by the end of August. 3. Altcoins will perform well because Bitcoin's market cap has reached a high point in this bull run, so in the future, it will slowly start to decline. This does not mean that Bitcoin will not rise, but rather that over the next six months, it will gradually become less able to rise, with funds flowing to other coins. 4. In this round of the bull run, meme coins serve as the main narrative, and the infrastructure for meme coins must be considered. Currently, bonk is the main battlefield for its outbreak, so it is worth looking forward to. This was mentioned six months ago, and now we just need to wait for the harvest. 5. The market capitalization resistance level of Ethereum is 16.5, currently at 11.65, leaving a considerable space. #打榜优质内容#

Nibiru Chain is an emerging Layer 1 public chain focused on improving the security and performance of DeFi applications, attracting a lot of attention. The project rapidly expanded its community through an Airdrop, raising over 20 million USD. Its main components include a Perptual Futures platform, AMM, over-collateralization stablecoin, and a native Oracle Machine, with plans to integrate with multiple DeFi projects. Developers should follow contract security and auditing to ensure the project's success in a competitive market.

Ilya Lichtenstein and Heather Morgan were arrested for stealing $4.5 billion in crypto assets, and Lichtenstein is now testifying as a witness in the Money Laundering trial. He recounted the Money Laundering process and the crypto tumbler services used, choosing to cooperate with authorities in hopes of reducing his sentence. The trial is still ongoing, and the strengthening of AML measures has also been mentioned.