Do Kwon's passport voided

An arrest is made linked to Terra's collapse. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap 966.13B (+1.45%) 24 Hour Volume 60.75B (+6.27%) Notable Movers[(THETA) $1.10]( (+4.08%) Notable Movers (DeFi)[(UNI) 6.89]( (+5.85%) Bitcoin Dominance 39,99%[(-0.15%)]( Bitcoin Price[(BTC) 20,252.73 (+1.88%)]( Ethereum Price[(ETH) $1,375.46 (+4.15%)]( Cardano Price[(ADA) $0,4326 (+1.71%)]( Editor's Note Fashion Hits the Metaverse? Last week, if you were on a certain part of social media, you were inundated with photos from one of the top fashion events of the year — Paris Fashion Week. You don’t have to be just a fashionista to follow this year’s trends, since the metaverse, Web3 and crypto fashion snuck their way in. The most obvious example of fashion entering the metaverse was a literal metaverse fashion collection called M3talove, where instead of models walking down a runway, 3D holograms wore digital clothing (that is only digital) that would later be sold as NFTs. Another strange bedfellowship was between Balmain and MintNFT to create an NFT-based membership program running on the XRP Ledger. Alright then. On the other hand, a more subtle metaverse reference was Loewe’s pixel collection, where models walked down the runway wearing real-but-pixelated clothing that had you blinking your eyes to see if it was real or not. Metaverse fashion is nothing new, especially in the world of big name brands. Gucci has had “Gucci Town” on Roblex for a long time already (and virtual Gucci bags have sold there for more than the cost of a physical one) and Meta will “soon” allows their avatars to be dressed in expensive Prada and Balenciaga. Back in February, Vogue had published an article titled: Paris Fashion Week: Next up, the metaverse. Now that the week is over — did Paris Fashion Week live up to its metaverse hype? Or did it include a few meta references, some NFT clothing, and consider that a job well done. CMC-Community Spotlight of the Day Is a zkEVM? Here’s Everything You Need to Know]( Today’s CMC Spotlight covers a new blockchain scalability technology, written by Panther Protocol. Today’s Top Stories Check out [CoinMarketCap Alexandria]( for tech deep dives, analysis, daily news and easy-to-understand guides on how crypto works! [Today’s Top Stories ] Kwon's passport voided]( ❌ Do Kwon's passport has been officially voided by South Korea — and he has 14 days to surrender it to the authorities. He is already subject to an Interpol red notice and has struck a defiant tone on Twitter — declaring he's making "zero effort" to hide. He is among six people who face allegations of violating South Korea's capital markets law — and in other developments, one of the accused has been arrested. They are known only by their surname Yu, and face charges of fraud and a breach of duty concerning market manipulation. Reports also suggest that South Korean prosecutors have seized about $40 million worth of crypto that belongs to Do Kwon… but the embattled entrepreneur is denying that the funds are his. execs withdrew $56m]( 💸 Celsius Network's three top executives withdrew $56 million in crypto — weeks before the company froze customer accounts, court documents have revealed. New filings show Alex Mashinsky, Daniel Leon and Nuke Goldstein claimed Bitcoin, Ether, USD Coin and Celsius tokens worth millions of dollars. Mashinsky stepped down as Celsius CEO last week after a number of customers called for him to step down. It's now emerged that Leon — the bankrupt crypto lender's co-founder and chief strategy officer — has also resigned. All of this will raise questions about whether the executives knew Celsius was in financial jeopardy at the time of these transactions. An estimated 300,000 customers have a balance of more than $100. NFTs are on the move]( 👀 Hundreds of NFTs owned by the bankrupt crypto hedge fund Three Arrows Capital are on the move. They have been transferred to Teneo, the liquidator that's overseeing the bankruptcy proceedings. Estimates have previously suggested that more than $35 million was spent on acquiring these premium NFTs. Unfortunately for those out of pocket following 3AC's collapse, estimates from Nansen suggest that the value of this portfolio now stands at 625 ETH — worth about $850,000 at current market rates. To make matters worse, 89% of the NFTs have low liquidity, meaning they are from collections that had fewer than 35 sales in the past seven days. The collectibles will now be sold off, with estimates suggesting 3AC owes $2.8 billion to creditors. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Written by Molly Zuckerman and Connor Sephton Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2022 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States