NEWS DIGEST – 12.08.2025 🚀
1️⃣ 📉 Crypto Slips Ahead of U.S. Inflation Report
Bitcoin dropped about 2.3% to $118.7K, pulling back from its July peak above $123K. Ethereum is holding more steadily, while Solana and XRP also slipped. Markets are jittery ahead of the U.S. inflation data release, which could dampen hopes for rate cuts and slow crypto demand.
🔗 Source
⸻
2️⃣ ⚖️ Do Kwon Faces U.S. Fraud Charges Over $40B Collapse
Terraform Labs founder Do Kwon is expected to plead guilty to U.S. fraud charges related to the 2022 collapse of TerraUSD and Luna — a disaster that wiped out $40 billion. Charges include securities fraud, commodities fraud, and money laundering. This could mark the closing chapter in one of crypto’s most infamous crashes.
🔗 Source
⸻
3️⃣ 🐋 Whales Lock In $6.2M Profit from BTC/ETH Trades
Large crypto holders (“whales”) have secured $6.2M in profits from BTC and ETH trades during the recent rally. It’s a reminder that big players often know how to ride volatility for massive gains.
🔗 Source
⸻
4️⃣ 📊 Watch for Bitcoin “Double Top” – Could Drop to $100K
Bitcoin may be forming a double top pattern after failing twice to break above $122K. Analysts warn that if this bearish setup confirms, BTC could slide toward $100K, especially if inflation data disappoints bulls.
🔗 Source
