Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Do Kwon’s Appeal Dismissed: Montenegro’s Court Upholds Extradition Ruling (Report)

The Constitutional Court of Montenegro has dismissed an appeal filed by Do Kwon, the South Korean crypto mogul and co-founder of Terraform Labs, who is at the center of the catastrophic collapse of the TerraUSD (UST) stablecoin and its token, Luna. Kwon’s appeal, which challenged his extradition ruling, was unanimously rejected by the court. Dwindling Legal Options for Kwon According to the report by local media outlet ‘Korea JoongAng Daily,’ the court’s decision upheld the earlier ruling favoring Kwon’s extradition, with the Justice Minister, Bojan Božović, set to make the final call on whether he will face trial in his home country of South Korea or be sent to the United States. Kwon’s appeal was rejected on grounds of legal inconsistencies. The court also dismissed his arguments of procedural unfairness and violations of his rights. Kwon has been under intense scrutiny since the May 2022 collapse of the TerraUSD (UST) stablecoin and its sister token, Luna, which caused a devastating $40 billion market loss. Both the US and South Korea have requested his extradition, accusing him of financial crimes, including fraud and market manipulation. After fleeing South Korea, Kwon traveled through several countries, including Singapore, the UAE, and Serbia, before being arrested in Montenegro in March 2023 for attempting to travel with a forged passport. As such, the latest ruling by the court significantly narrows Kwon’s legal options for delaying extradition, and analysts predict that Montenegro may ultimately send him to the US, where he faces charges related to the Terra-Luna collapse. Kwon’s legal situation is further complicated by a massive civil penalty imposed by the US Securities and Exchange Commission (SEC). In June 2024, Terraform Labs and Kwon agreed to a $4.5 billion settlement with the securities agency, including hefty fines for Kwon personally, as well as a ban on engaging in crypto transactions. Kwon’s Fate Hangs in Limbo Despite the ruling, Kwon’s legal team is expected to continue fighting against his extradition, particularly to the US, where the charges are more extensive. Meanwhile, South Korea has urged for a quicker resolution while expressing concerns over potential human rights violations due to delays in the extradition process. With the ruling, Kwon’s fate now lies in the hands of Montenegro’s Justice Minister, who will determine his next legal steps. The post Do Kwon’s Appeal Dismissed: Montenegro’s Court Upholds Extradition Ruling (Report) appeared first on CryptoPotato . CoinTurk News

---

4 altcoins to buy under $1 at the start of 2025

As Bitcoin ( BTC ) continues to dominate headlines with its record-breaking surge, up 46% since November’s election and 133% year-to-date, attention is shifting to altcoins that offer high potential at a lower price point. While Bitcoin sets the pace for the market, cryptocurrencies like Stellar ( XLM ), Hedera ( HBAR ), Dogecoin ( DOGE ), and Algorand ( ALGO ) are carving out their niches with their use cases and growing adoption. Trading under $1, these altcoins stand out for their partnerships and growing utility making them intriguing prospects for investors looking to diversify in 2025. STELLAR (XLM) Stellar Lumens is gaining recognition as one of the most promising cryptocurrencies under $1, strengthened by institutional backing and its role in cross-border payments. Grayscale Investments LLC’s Stellar Lumens Trust recently posted a 10% increase in net assets for the fiscal year ending September 30, 2024. This growth, linked to the addition of 34,875,230 XLM tokens valued at $3,923, has reignited interest in Stellar, driving a recent price spike. Founded by Ripple co-founder Jed McCaleb, Stellar has established itself as a key solution for global money transfers, strengthened by partnerships with platforms like Félix and Bitso, which shows its real-world utility. Stellar’s price movements have historically mirrored Ripple ( XRP ), offering another layer of potential upside. Ripple’s latest development, including the RLUSD launch, has analysts forecasting a bullish trajectory, with some suggesting XRP could reach $5 or higher. Given their overlapping use cases in cross-border payments, Stellar appears well-positioned to capitalize on Ripple’s momentum. XLM one-day price chart. Source: Finbold Currently priced at $0.39, Stellar has faced a 28% decline over the past month but boasts a 199% year-to-date (YTD) gain, highlighting its potential for significant returns. With strong institutional support, strategic partnerships, and robust fundamentals, Stellar stands out as a cryptocurrency to watch closely as 2025 approaches. Hedera (HBAR) Hedera (HBAR) has strengthened its position in the decentralized finance ( DeFi ) space through a partnership with Chainlink ( LINK ). The collaboration integrates Chainlink’s Data Feeds and Proof of Reserve mechanisms into Hedera, allowing developers to access tamper-proof market data critical for building decentralized applications and real-world asset (RWA) tokenization. This initiative addresses long-standing risks, such as data manipulation, while enhancing liquidity and risk management across DeFi platforms, thereby boosting Hedera’s utility. HBAR one-day price chart. Source: Finbold Currently trading at $0.31, HBAR has achieved a one-month gain of 113% and a year-to-date increase of 261%, reflecting growing market confidence. Adding to its appeal, Bloomberg analysts have identified Hedera as a strong candidate for ETF approval, citing its regulatory compliance and classification outside the realm of securities. The potential departure of SEC Chair Gary Gensler and the possible appointment of pro-crypto Paul Atkins could further ease regulatory pathways for digital assets like HBAR. With a combination of technological advancements and the prospect of ETF inclusion, Hedera is positioning itself as a leading asset for investors seeking high-growth opportunities in 2025 Dogecoin (DOGE) DOGE continues to capture attention as one of the most volatile yet intriguing cryptocurrencies, bolstered by its cultural significance and recent political ties. The incoming Trump administration, widely considered the most crypto-friendly in U.S. history, has sparked renewed interest in Dogecoin. With Elon Musk, a long-time advocate of the token, now heading the newly established “Department of Government Efficiency” (D.O.G.E.), Dogecoin has found itself indirectly linked to significant political narratives. While the agency’s primary focus is reducing government spending, the indirect connection to Dogecoin has further fueled speculation in the meme coin market. DOGE one-day price chart. Source: Finbold Currently trading at $0.33, Dogecoin has seen a one-month decline of 23%, reflecting its notorious volatility. However, it remains up an impressive 271% year-to-date, highlighting its ability to deliver substantial short-term gains. While its price movements often defy conventional market logic, investors should approach it cautiously. The potential for another speculative rally exists, especially under a pro-crypto administration, but the token’s history suggests that such gains may be short-lived. As a result, Dogecoin represents both an opportunity and a risk, making it a speculative bet for 2025 rather than a stable investment. Algorand (ALGO) Algorand is increasingly becoming a cryptocurrency to watch for 2025 due to its growing presence in DeFi and non-fungible token ( NFT ) applications. The Total Value Locked (TVL) in Algorand’s ecosystem rose significantly from $117 million in November to $160 million as of December 24, showcasing its expanding utility and adoption in blockchain-based solutions. Currently trading at $0.39, Algorand has recorded a 33% gain over the past month and a 73% increase year-to-date. These gains highlight strong market interest and confidence in its long-term potential. ALGO one-day price chart. Source: Finbold Derivatives data from CoinGlass also supports Algorand’s momentum, with open interest increasing by 0.92% to $96.11 million, indicating growing activity in futures and options markets. Additionally, the weighted funding rate, long/short ratios, and rekt statistics suggest heightened trading interest, reflecting broader optimism for the asset. These factors position ALGO as a key cryptocurrency for investors to monitor as the digital asset space evolves in 2025. While these altcoins come with varying degrees of risk, their potential to leverage market trends and ecosystem partnerships positions them as strong candidates for investors seeking diversification and higher returns in 2025. However, it is important to note that the cryptocurrency market is inherently volatile, and prices can fluctuate unpredictably. Investors are advised to conduct thorough research and consider their risk tolerance before making any investment decisions Featured image via Shutterstock The post 4 altcoins to buy under $1 at the start of 2025 appeared first on Finbold . CoinTurk News