Terra (LUNA) hits top 100 despite losses, can Nugget Rush flip it?

Despite its collapse in 2022, Terra (LUNA) is now one of the top altcoins by market cap, according to Coingecko data on December 20. The coin was trading at above $0.95, pushing its market cap to over $579 million. LUNA ranked #99 on Coinmarketcap at press time.

Timeline of Terra-luna-v2

In a significant turn of events, a court in Montenegro has overturned the extradition order of Do Kwon, co-founder of Terraform Labs, to the United States or South Korea. The Podgorica-based Appeals Court made the decision, which cited procedural irregularities and lack of clarity in its ruling.

Do Kwon, the co-founder of Terraform Labs, is currently embroiled in a legal battle as he appeals the Montenegrin High Court's decision to extradite him to face criminal charges related to alleged financial crimes.

The U.S. Securities and Exchange Commission (SEC) is facing challenges in the Terraform Labs case, currently in legal proceedings in the Southern District of New York. The trial, set for January 2024 and overseen by Judge Rakoff, has recently brought attention to the SEC's actions.

The U.S. Securities and Exchange Commission (SEC) finds itself in troubled waters during the legal proceedings against Terraform Labs. The trial, taking place at the Southern District of New York and presided over by Judge Rakoff, is slated for January 2024. However, recent developments have shifted the spotlight onto the SEC's conduct.

Few names have sparked as much intrigue and controversy as Do Kwon (sometimes called Kwon Do). From the meteoric rise of Terra Luna to its sudden and tumultuous downfall, Do Kwon has become a figure of significant interest and speculation.

The class action was one of the many lawsuits brought against the company last year after the Terra-LUNA fiasco that wiped out billions of dollars as investors watched their funds vanish into thin air within a matter of days.

TerraClassicUSD (CRYPTO: USTC), the remnant of the collapsed Terra blockchain, has surged 300% in the past week. What Happened: The rise in investor interest follows the news that cryptocurrency exchange Binance has started offering perpetual contracts for USTC, and as details of a proposed Bitcoin-focused revival plan with an airdrop emerge.

A significant court ruling has emerged from the U.S. Securities and Exchange Commission's (SEC) ongoing case against Terraform Labs and its co-founder Do Kwon. Judge Jed Rakoff has granted permission to file sealed discovery documents by Jump Crypto, a key player in the Terra-LUNA debacle.

In the ongoing lawsuit by the U.S. Securities and Exchange Commission (SEC) against Terraform Labs, Federal Judge Jed Rakoff has acknowledged the receipt of crucial discovery documents from Jump Crypto Holdings LLC. The documents, received on November 27, could illuminate the intricate details of Terraform Labs' operations and its dramatic collapse.

Cryptocurrency prices have not started the week well. Bitcoin price retreated to $37,361 while the total market cap of all digital currencies dropped by 1.50% to $1.42. Some of the worst performers were tokens like Blur, FTX Token, Celestia (TIA), Mina, and ApeCoin.