Monat: Dezember 2024

• Montenegro has completed the extradition of Do Kwon, the founder of collapsed crypto project TerraUSD/Luna.
• Kwon was arrested in Montenegro in 2023 and unsuccessfully fought extradition to the US.
• He is also wanted in South Korea over Terra’s $40 billion crypto implosion in 2022.

Montenegro has finalized the extradition of Terraform Labs founder Do Kwon to the United States, Montenegro Prime Minister Milojko Spajic has said.

The extradition comes just days after Montenegro’s Justice Minister Bojan Božović signed the extradition, with this coming on the back of the country’s Constitutional Court rejecting Do Kwon’s appeal.

Montenegro Prime Minister confirms Kwon extradition

“Today Montenegro completed the extradition of Do Kwon to the United States to face charges in the Terra/Luna case. Our nation welcomes innovation and legitimate crypto, AI and other tech entrepreneurs – but we have zero tolerance for fraud. This extradition demonstrates our unwavering commitment to international justice and the rule of law!” the Prime Minister said.

Montenegro police arrested Kwon in 2023 while the Terraform Labs founder was on the run following the 2022 collapse of TerraUSD and Luna.

The collapse saw over $40 billion worth of value wiped out, heralding contagion that hit multiple other crypto projects and saw millions of users lose money.

After failing to ward off the extradition, Kwon will now face charges of fraud and others in the US.

In April 2024, Terraform and Kwon agreed to a $4.5 billion settlement with the Securities and Exchange Commission.

The post Montenegro completes Do Kwon’s extradition to the US appeared first on CoinJournal.

Multiple small cap cryptocurrencies are witnessing notable price gains as profit taking cools for the major coins.

Zerebro and Goateus Maximus rank as two of the biggest daily gainers as Bitcoin regains support above $94k. As traders eye potential bullish momentum in the coming months, what’s the price prediction for AI agent token iDEGEN?

Will it explode to surpass sector rivals ai16z, ZEREBRO and GOAT? Is the outlook for Bitcoin key?

What next for Bitcoin and altcoins?

The overall sentiment remains bullish, but immediate action for most altcoins is slightly bearish. Analysts looking at Bitcoin and the altcoin market suggest the bull market correction may yet extend. For Bitcoin for instance, bulls may have to defend the $90k-$85k area if bears establish control short term.

Ran Neuner, crypto trader and founder of Crypto Banter, has pointed to the Crypto Fear & Greed Index. He shared via X:

“Corrections are a function of a change in sentiment from exuberance to fear. In every bull market correction the fear and greed drops by at least 40 points! I think the high was around 92 and we are at 65 now.”

Notably, the market sentiment analysis tool shows “greed.”

How is iDEGEN unique?

What sets iDEGEN apart and a factor to its massive traction in the past month is its innovative blend of artificial intelligence and meme culture.

The project taps into advanced AI agent technology but instead of feeding it pre-configured or knowledge, the team threw a blank slate AI to the world for training. There are no guardrails or limits to what iDEGEN can learn or become.

Specifically, iDEGEN is degen raised, with every morsel of alpha or chaotic spew learned on X.

Over the past month, the project has learned and posted every hour, evolving amid increased interaction with the crypto degens. Taking the community-driven approach looks to have appealed to the greater crypto market, with the explosive run to over $11 million in premarket auction a pointer to this.

iDEGEN price prediction

In recent weeks, ai16z, Zerebro and aixbt have rallied hard as analysts predict the sector will lead the market in 2025. This outlook makes the native iDEGEN token IDGN one to watch as it hits the market.

Given, iDEGEN has reached over $11 million in premarket auction, hitting the milestone ahead of the token’s listing on crypto exchanges. However, the token’s value amid the dynamic pricing model has the price poised at $0.318.

With the final value set for a 10% bump on listing debut, it could be much higher when it hits the market.

Need to learn more about iDEGEN? Visit the official website here.

The post iDEGEN price prediction: Is this the AI agent token to buy? appeared first on CoinJournal.