📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
Terraform Labs and Do Kwon Agreed with the SEC: Sudden Rise in LUNA Altcoins _! - Coin Bulletin
The U.S. Securities and Exchange Commission (SEC) has reached a preliminary agreement with Do Kwon, the founder of Terra (LUNA), and Terraform.
According to the latest court records, Terraform Labs and its founder Do Kwon have reached a "preliminary agreement" with the SEC. This agreement was reached through a teleconference held on May 29th, which was conducted off the record.
As a result of this agreement, a previously scheduled session was canceled by the court. The court noted that the parties must submit documents supporting a final decision consistent with settlement by June 12, 2024.
The parties must submit documents supporting a final decision proposal consistent with the conciliation by 12/6/2024. \u003e
SEC had first accused Terraform Labs and Kwon in February 2023, through the algorithmic stablecoin UST, which had dramatically collapsed a year ago. UST collapsed in May 2022, causing a loss of more than $50 billion in value.
The regulatory agency has found Do Kwon guilty of fraud and demanded a fine of $5.3 billion. However, the Terraform team opposed this decision, stating that the penalty was excessive.
The effect of the news flow caused the LUNC price to climb rapidly by 16% to 0.000131 dollars. LUNA, on the other hand, reached 0.825 dollars with a 35% sudden increase in performance.