According to @rovercrc, Do Kwon will plead guilty to two counts of conspiracy to defraud and wire fraud tied to the $40 billion Terra ecosystem collapse. Source: @rovercrc on X (Aug 12, 2025): https://twitter.com/rovercrc/status/1955279050093523024 This is a material legal update around Terra that is directly connected to Terra-linked assets (LUNA, LUNC, USTC), highlighted as breaking by the source. Source: @rovercrc on X (Aug 12, 2025): https://twitter.com/rovercrc/status/1955279050093523024

According to Reetika (@ReetikaTrades), USTC is experiencing a price surge due to news of potential criminal activities associated with other stablecoins. This has led to increased trading interest in USTC as traders seek alternatives amid concerns about stability and legality in the stablecoin sector. The market reaction reflects uncertainty and a search for safer assets within the cryptocurrency space.