Do Kwon Set to Plead Guilty in $40B Terra Collapse Case

Do Kwon, co-founder of Terraform Labs, is preparing to reverse his not guilty plea in the U.S. federal court case related to the $40 billion collapse of the TerraUSD (UST) and Luna ecosystem. A federal judge in Manhattan, William Hellerstein, has scheduled a hearing for August 12, 2025, during which Kwon may enter a guilty plea to multiple felony charges, including securities fraud, commodities fraud, wire fraud, and conspiracy to commit money laundering. The potential change in plea could significantly impact the trajectory of the case and may lead to a reduced sentence as part of a plea bargain. The case marks a pivotal moment for the crypto industry as it represents one of the first major criminal convictions in the U.S. tied to blockchain-related fraud [1].

The legal developments have drawn heightened attention from the crypto market, as investors seek out projects with strong fundamentals and promising growth potential. Among the names gaining traction are AurealOne (DLUME), DexBoss (DEBO), Berachain (BERA), Beldex (BDX), and OriginTrail (TRAC). These projects are being highlighted for their innovative approaches and real-world utility, with some analysts forecasting significant value appreciation in the coming years [1].

AurealOne, a Web3-based competitive gaming platform, has adopted a skill-to-earn model, rewarding users based on performance rather than chance. The platform, which operates on its own blockchain known as Aureal Chain, emphasizes fairness and transparency, with on-chain storage of match results and robust anti-cheat mechanisms. At the time of writing, DLUME is in its fifth pre-sale stage, with tokens priced at $0.0013 and analysts forecasting a potential rise to $0.0055 [1].

DexBoss, a Solana-based trading intelligence platform, provides tools for tracking smart wallets and issuing real-time alerts. It is currently in the second of 17 pre-sale stages, with DEBO tokens priced at $0.0115. The project stands out for its speed, accessibility, and the “100 Wallets Group” feature, which caters to growing demand for data-driven trading strategies [1].

Berachain, an EVM-compatible blockchain built with Cosmos SDK, introduces a novel consensus mechanism known as Proof-of-Liquidity (PoL). The protocol supports Ethereum-compatible smart contracts and offers a tri-token system: BERA for gas and staking, BGT for governance, and HONEY as a soft-pegged stablecoin. Its design aims to enhance liquidity while securing the network [1].

Beldex (BDX) focuses on privacy, offering tools such as encrypted messaging (BChat), decentralized VPN browsing (BelNet), and a blockchain with stealth addresses and RingCT technology. The platform supports cross-chain anonymous transfers and uses transaction fee burns to mitigate inflation [1].

OriginTrail (TRAC) powers the first Decentralised Knowledge Graph (DKG), enabling secure, interoperable data sharing across multiple blockchains. TRAC is used for staking, governance, and accessing data assets, making it a key player in the supply chain and Web3 sectors [1].

The Editor’s Pick in the article is BlockDAG (BDAG), described as a next-generation blockchain architecture using Directed Acyclic Graph (DAG) technology. BlockDAG aims to improve transaction speed, scalability, and security, positioning itself as a potential disruptor in the blockchain space [1].

Investors are advised to conduct thorough research and carefully assess risks before entering the market, particularly given the volatile and nascent nature of the crypto sector [1].

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[1] Best Crypto to Buy Now: Do Kwon Poised to Reverse ‘Not Guilty’ Plea in $40B Terra Collapse Case — Crypto Market Braces for Fallout as AurealOne and BlockDAG Gain Traction!! (https://cryptonewsland.com/best-crypto-to-buy-now-do-kwon-poised-to-reverse-not-guilty-plea-in-40b-terra-collapse-case-crypto-market-braces-for-fallout-as-aurealone-and-blockdag-gain-traction/)