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Former Binance CEO Changpeng "CZ" Zhao, following a presidential pardon, has immediately demonstrated his continued market influence. His first public investment through his new venture, YZi Labs, triggered a 20% price surge in the ASTER token, highlighting a stark contrast with the fate of other crypto executives like Do Kwon.
The sentencing for Terra founder Do Kwon faces a potential delay as the court evaluates a significant volume of victim impact statements. This development introduces bearish sentiment, affecting investor confidence in crypto projects led by founders with legal troubles.
Terra Classic (LUNC) has decoupled from the broader cryptocurrency market, experiencing a significant price surge of over 160% in one week. The rally is primarily fueled by speculative trading ahead of founder Do Kwon's sentencing and a substantial token burn program, contrasting sharply with the current downturn affecting major assets like Bitcoin.
