Minarul Islam @Minarul_Islam@axpress.io

Additionally, Steynberg's involvement with the Commodity Exchange Act has resulted in a permanent ban on his participation in any conduct violating the act.

He is also permanently banned from trading in any CFTC-regulated markets or registering with the CFTC.

Ethereum Price Prediction as Early Ethereum ICO Whale Becomes Active After 7 Years – What's Going On?

The Ethereum price has dropped by 2% in the past 24 hours, falling to $1,810 following the news that a participant in the cryptocurrency's 2016 ICO has moved 1 ETH to a new address.

Today's dip means that ETH has declined by 13% in a week, although it's still up by 3% in the last 30 days and by 51% since the beginning of the year.

However, with the aforementioned ICO investor potentially testing the waters for a larger transfer and possibly a sale, there's a chance that ETH could witness a few further decreases in the near future.

Yet in the longer term, April's successful Shanghai upgrade has only strengthened Ethereum's already-strong fundamentals, with the platform and its native token in good shape for further gains in the coming months.

Ethereum Price Prediction as Early Ethereum ICO Whale Becomes Active After 7 Years – What's Going On?

ETH's chart suggests that the selling is likely to stop in the immediate future, with its indicators set up for further declines.

In particular, the coin's relative strength index (purple) has dropped below 50 and continues to decline, with price falls not likely to correct themselves until the RSI reaches 30 and/or falls below it.

At the same time, ETH's 30-day moving average (yellow) remains far beyond its 200-day (blue), indicating that the altcoin hasn't come close to bottoming out just yet.

Indeed, ETH continues to fall through support levels, breaching $2,000 towards the end of last week and sliding below $1,900 over the weekend.

It looks like it could fall through $1,800 as well, especially if the news of an Ethereum ICO whale moving some long-dormant ETH is to be taken seriously.

New Report: Terra Founder Do Kwon Sent Millions of Dollars to Law Firm Before Collapse of Terra – Here's What You Need to Know

Terraform Labs founder Do Kwon sent millions in funds to a local law firm in South Korea just before the implosion of the Terra ecosystem.

Kwon sent 9 billion won ($7 million) to lawyers at Kim & Chang, the largest law firm in South Korea, just before the collapse of the firm’s algorithmic stablecoin UST and its sister cryptocurrency Luna, South Korean media KBS News reported last week.

In a Monday text message, the prosecutors’ office in Seoul confirmed the report, claiming that the revelation “isn’t false.

The KBS report speculated that Kwon's move to send money to lawyers suggested that he was aware that he would face legal problems following the collapse of his crypto empire.

Lawyers from Kim & Chang left for Montenegro a few days ago to meet with Kwon and Terraform’s former chief financial officer, the report added.

We are unable to provide specifics on individual cases,” Kim & Chang reportedly said in a comment when asked about the report from KBS News.