According to Korean media outlet JTBC News, prosecutors in the nation have imposed travel restrictions on Terra developers and former developers as investigations into Terra's LUNA and UST death spiral continue.
The Financial and Securities Crime Joint Investigation Team announced that the travel embargo is to prevent people of interest in the case from leaving the country. The move suggests that the local agency could be preparing to issue search and seizures, as well as subpoenas for those involved in the matter.
LUNA 2.0 price appears to have reached a significant resistance wall after bouncing off the $1.60 support level. The layer 1 token would have to print a four-hour candlestick close above $2.34 to advance toward $3.
Failing to do so can trigger another sell-off, sending LUNA 2.0 price to revisit $1.60 or make a new low around $1.30.
LUNA 2.0 4-hour chart
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Cardano has recovered the psychological $0.50 level on Tuesday helped by the more positive market sentiment surrounding the cryptocurrency ecosystem. ADA is also hinting at what could be considered a potential double bottom formation at $0.455, the level where it closed on Saturday and where it also had set a bottom close on May 27. It is still early to call for such formation, as Cardano bulls still have long ways to go before the needed break past the interim high above $0.64 to confirm such a reversal trend. The timing and success of the Vasil hard fork, rumored to be delayed, is likely to have a big impact on the Layer 1 token price.
A brief technical and on-chain analysis on Shiba Inu price. Here, FXStreet's analysts evaluate where SHIBA could be heading next.
Ripple community is awaiting the next step in the court lawsuit that has the payment giant facing the US Securities & Exchange Commission.
Buterin believes the Bitcoin Stock-to-Flow model proposed by Plan B is unreliable. Bitcoin invalidated the model for the first time, dropping below the lower bound and raising questions about its validity.
Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.
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