Из жизни альткоинов
Bitcoin Price To See Massive Crash To $78,000 If This Happens
After hitting a new all-time high back in October 2025, the Bitcoin price has been in what appears to be a consistent downtrend, pushing it to new yearly lows. The first wave was triggered by sell-offs from large accounts, coinciding with the 10/10 crash. Since then, each recovery attempt has been met with more sell-offs, preventing the Bitcoin price from reclaiming $100,000. As sentiment continues to trend low, the chances of a meaningful recovery grow slimmer by the day.
Bitcoin Price Correction May Not Be OverA crypto analyst on the TradingView website has highlighted where the Bitcoin price is and the next decision levels for the cryptocurrency. Right now, it continues to trend low, favoring the bears. Nevertheless, there is still the opportunity for the bulls to take over if momentum picks up.
The first major level that the Bitcoin price must reclaim lies at $90,000, which is now a stronghold for bears. As the crypto analyst explains, the digital asset would have to reclaim and hold this level for the price to bounce. In the case of a bounce, then the cryptocurrency is expected to maintain its bullish structure.
The bullish continuation would see the first major resistance being retested at $97,000. Once beaten, then the bulls could move on quickly to $100,000, a psychological level that could trigger the influx of investors back into the market.
However, with the Bitcoin price already falling below $90,000 over the weekend, it is more likely that the bearish part of the prediction will play out. As the post explains, failing to hold $90,000 is incredibly bearish for the price and would be the beginning of another decline.
Once the Bitcoin price begins to fall, there is not much holding it before it reaches the next major resistance at $78,000. This means it is likely that the Bitcoin price will fall by over 20% before eventually finding its footing above $78,000 and readying for another bounce. “This is the point where the next major direction gets decided,” the analyst said.
Том Ли составил прогноз курса биткоина на начало нового года
ChainCatcher: Коэффициент кредитного плеча биткоина упал до минимальных значений
Грег Чиполаро назвал главную проблему токенизированных активов
Американский регулятор опубликовал рекомендации по хранению криптовалют
Crypto.com Announces Updated App Referral Feature to Expand User Participation Across the Crypto.com Platform
Referral Feature to Enable Users to Earn and Track CRO Rewards Through App-Based Referrals
Crypto.com App Referral Feature December 2025 – Crypto.com, a global leader in cryptocurrency services, today announced an updated App Referral feature to expand user participation across the Crypto.com platform and enable users to earn CRO rewards through app-based referrals.
The updated App Referral feature, which aims to allow users to earn CRO by inviting friends to join the Crypto.com App, marks a significant step in broadening participation in Crypto.com’s ecosystem. The referral feature is designed to provide users with clearer visibility into referral activity and reward progression, while enabling both existing and newly referred users to track CRO rewards more effectively within the app. Additionally, the updated feature prioritizes ease of use, transparent tracking, and scalable participation, making it accessible for a broad range of users.
“We are pleased to introduce updates to the App Referral feature to help expand user participation across the Crypto.com platform through a more structured and transparent referral experience,” said a Crypto.com representative. “The updated referral feature reinforces our commitment to providing users with clear tools to track rewards and engage more actively with the Crypto.com App.”
“Providing more ways for users to engage with cryptocurrency services remains central to our vision of further mainstreaming crypto,” said Eric Anziani, President and COO of Crypto.com. “The App Referral feature update enables users to participate more directly in the growth of the Crypto.com ecosystem while earning CRO rewards tied to referral activity.”
Under the updated referral feature, users can earn up to US$100 in CRO for every friend successfully referred to the Crypto.com App. The feature includes a dedicated dashboard, which allows users to track referred friends, monitor earnings milestones, and view total CRO rewards earned through referrals, all in one place. The updated dashboard provides a consolidated view of referral activity, enabling users to monitor progress more efficiently.
The referral feature also introduces trading-based earning, under which CRO rewards increase based on the trading activity of referred users. As referred users generate trading volume within the Crypto.com App, referral rewards progress accordingly, allowing for smoother reward accumulation and structured milestone tracking.
In addition, the updated referral feature provides more personalised ways to share referral codes and links, enabling users to distribute referrals more easily across supported channels. These updates are intended to allow users to grow their referral networks while maintaining a consistent and streamlined sharing experience within the app.
The referral feature update applies to both existing Crypto.com users and newly referred users. Referred users are also eligible to earn up to US$100 in CRO, track their reward progress more easily, and begin referring additional users themselves once eligible, expanding participation across the Crypto.com ecosystem.
This referral feature update follows Crypto.com’s continued efforts to enhance user experience and expand access to cryptocurrency services across its platform.
About Crypto.comFounded in 2016, Crypto.com is trusted by millions of users worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet. Crypto.com is committed to accelerating the adoption of cryptocurrency through innovation and empowering the next generation of users to participate in a more accessible digital ecosystem.
Learn more at https://crypto.com.
Глава MoonPay: Крипторынок ждет ренессанс мемкоинов
Маркус Тилен: Четырехлетним циклом биткоина теперь управляют другие факторы
Ex-Terra Insider Calls Do Kwon Case ‘Backwards’ In Explosive X Thread
Former Terraform Labs developer Will Chen argued in a Dec. 13 X thread that the fraud case against Do Kwon was built on a “backwards” theory, days after a court sentenced Kwon to 15 years in prison on Friday, Dec. 15.
Chen framed his post as a critique of the legal mechanics, not a character defense. “I wanted Do to fail. I wanted him punished. I thought he was arrogant and reckless and I told him so to his face multiple times,” he wrote. “I’m not here to defend Do Kwon the person. But the legal case is broken.”
Do Kwon Conviction Misframed Terra’s CollapseHe described Judge Engelmayer as “sympathetic” and “extremely methodical,” but argued the guilty plea boxed Kwon into the government’s framing: “Do taking the guilty plea means admitting to the government’s charges as is. There’s no debating afterward.” Chen said he found it “incredibly ironic” that Do Kwon didn’t contest the case.
At the center of Chen’s critique is prosecutors’ theory around Terra’s May 2021 depeg. As Chen summarized it, the government argued that Kwon claimed the algorithm “self-healed” while failing to disclose that Jump Trading stepped in to buy UST and help restore the peg, making his public statements deceptive and therefore fraudulent.
Chen’s rebuttal is that this logic runs in the wrong direction. “Fraud is when you claim your system has safety mechanisms it doesn’t have, and people invest trusting that fake safety, and then they lose money when the danger you hid materializes,” he wrote, contrasting it with the allegation here: “But what the government is alleging is the inverse. Do said ‘no reserves, the algorithm alone handles it’ when he actually did have Jump as a backstop.”
In Chen’s view, that means Do Kwon was “claiming less safety than he actually had,” adding: “If he’d disclosed Jump, investors would have been more confident, not less.” He distilled his conclusion bluntly: “You don’t defraud someone by hiding additional safety mechanisms. The direction is backwards.”
Chen also disputed how prosecutors interpreted a reported private remark attributed to Do Kwon — that Terra “might’ve been fucked without Jump” — as proof Kwon knew the mechanism was broken. “Might’ve been fucked is uncertainty about an unknowable counterfactual,” Chen wrote. “Knew it would have failed is a claim of definite knowledge.”
He argued the only way to truly know the algorithm would not have recovered is to not intervene and watch it die, which he suggests is inconsistent with operating a live financial system. “The algorithm was working during that period,” Chen wrote. “Arbitrage was happening. UST was being burned for LUNA. Jump was also buying. Both things were true.”
Even the non-disclosure itself, Chen argued, could be framed as strategic rather than deceptive. “Algorithmic stablecoins operate in adversarial conditions,” he wrote, suggesting that publicizing the size and nature of defenses can make an attack easier to price. “If attackers know your exact defense capabilities, they can calculate whether an attack is profitable,” Chen said, arguing that “uncertainty about defense resources is itself a defense.”
He compared the idea to “strategic ambiguity” used by central banks and warned that public transparency around reserves can become a tactical disadvantage: “Would disclosing Jump have made Terra more or less secure? Attackers could have calculated exactly how much force was needed to overwhelm the defense.”
Chen then challenged whether the case established investor reliance and causation in a market saturated with information. “Do’s statements were one signal in an incredibly noisy channel,” he wrote, pointing to years of public debate around Terra’s risks, open-source code, and prominent critics. “The risk was described in the original white paper. The code was open source. The potential failure mode was publicly debated for years,” Chen wrote, arguing prosecutors “never established direct causation between Do’s specific statements and investor decisions.”
He also drew a sharp line between the May 2021 episode and the May 2022 collapse, arguing the information environment changed materially in between. “By May 2022, investors knew about backstops,” he wrote, pointing to Luna Foundation Guard’s public launch in January 2022 and the visibility of reserves on-chain. In Chen’s view, that breaks the causal chain: “The May 2021 non-disclosure about Jump is causally disconnected from May 2022 losses because the information environment had completely changed by then.”
One of Chen’s most forceful objections was the scope of losses attributed to Do Kwon. “One thing I can’t get over is the fact that Do signed off on pleading guilty to causing $40 billion in loss,” he wrote. “Market cap decline is not fraud loss.” He offered a simple example to illustrate what he sees as a category error: “If I buy LUNA at $1 and it goes to $100 and then back to zero, my loss is $1. The $99 was paper gains I never realized.” Treating peak-to-trough market cap evaporation as damages, he argued, “sets a terrible legal precedent for the industry.”
While disputing the overarching fraud theory, Chen did not claim Terraform Labs’ messaging was clean across the board. He said “the Chai stuff has more merit as an actual fraud claim,” while arguing the government’s portrayal was still overstated. “That’s not entirely accurate,” he wrote of claims Chai didn’t use Terra, adding that Chai “did use Terra for accounting,” that “Terra wallet was integrated into the app,” and “you could top up Chai with KRT,” while conceding Do Kwon “probably stretched the truth early on” about on-chain payment settlement.
Anchor, Chen wrote, was “harder to defend.” Promoting the roughly 20% yield as sustainable while reserves depleted was “reckless,” and he said Do Kwon knew “the 20% couldn’t last forever without a plan.” Still, Chen argued that even if yield marketing was misleading, the catastrophic losses were driven by the depeg: “If UST had held, people would’ve just earned less interest. They wouldn’t have lost their principal.”
The ex-Terra developer also contrasts Do Kwon to Sam Bankman-Fried: “SBF literally stole customer deposits and used them for other purposes. That’s why SBF victims are being repaid. The money was taken and still exists somewhere. Terra victims can’t be repaid because the value was destroyed in a crash, not stolen and moved to a different account. Treating these situations as equivalent is wrong.”
Chen closed with a broader warning about precedent and builder behavior. “If founder confidence plus project failure equals fraud, we’ve criminalized entrepreneurship,” he wrote, arguing it exposes founders who publicly express optimism about products that later fail. His final framing returned to process: whatever one thinks of Do Kwon personally, Chen argues the plea locked in prosecutors’ narrative without the kind of contested defense that might have narrowed both the theory and the scope of damages.
At press time, LUNC traded at $0.00004080.
