🚨 Do Kwon Pleads Guilty
Terraform Labs co-founder Do Kwon admitted guilt in U.S. federal court to fraud connected with the $40 billion TerraUSD/Luna collapse. He agreed to forfeit over $19 million and faces sentencing in December, where prosecutors may seek up to 12 years in prison.
⚖ Storm Verdict in Tornado Cash Trial
Roman Storm, developer of the Tornado Cash crypto mixer, was found guilty of operating an unlicensed money-transmitting business. Jurors could not agree on money-laundering and sanctions-evasion charges, resulting in a partial mistrial. He remains free on $2 million bail while preparing an appeal.
📈 Crypto Summer IPO Success
Bullish, the Peter Thiel-backed crypto exchange, priced its IPO at $37 per share — above expectations — raising over $1.1 billion and giving the company a valuation above $5 billion. Trading under the ticker BLSH begins this week, marking one of the largest crypto-sector listings in recent years.
🚀 Bitcoin Surge
Bitcoin broke above $120,000 this week, gaining around 3% in August so far. The rally followed a U.S. executive order encouraging inclusion of crypto in retirement plans, sparking $572 million in inflows. Analysts note strong demand from both institutional investors and retail traders.
🐋 Whales Target Meme Coins
On-chain data shows whales actively accumulating popular meme coins. Little Pepe (LILPEPE) presale is 91% complete, Pudgy Penguins (PENGU) and SPX6900 (SPX) are showing bullish chart setups, and activity in Dogecoin (DOGE), Shiba Inu (SHIB) and Bonk (BONK) is on the rise.
🎉 Fun Fact of the Week
TRON founder Justin Sun took a literal step toward the moon — by joining a suborbital space flight this week. His trip lasted just over 10 minutes but reached an altitude above 80 km, making him officially an astronaut.
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📰 NordFX Crypto News of the Week (6–13 August 2025) was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
