Convert 0.1 RUNE to USD today

THORChain has faced allegations of being a money laundering protocol due to its use by North Korean hackers for converting stolen funds from the Bybit hack, raising concerns about regulatory actions.

Critics point to governance flaws within THORChain, suggesting a conflict between decentralization and a sense of responsibility, while supporters emphasize its role as a decentralized swap tool, not a laundering mechanism.

Avalanche (AVAX) is facing significant volatility with the upcoming unlock of 1.67 million tokens valued over 42.5 million USD. Trading at 25.44 USD, AVAX must exceed the 26.95 USD resistance to potentially rally towards 31.15 USD. Failure could see a decline to 22.70 USD.

Mantra (OM) trades at 6.15 USD, close to its all-time high of 6.48 USD, needing to maintain a 5.65 USD support. Sustaining this support is essential to avoid bearish movements and downturns below 5.00 USD.

THORChain (RUNE) is expected to rise 30% with the V3.20 update. Currently challenging the 1.39 USD resistance, success could push RUNE to 1.70 USD, while failure risks a drop to 1.11 USD.

THORChain’s restructuring plan involves converting 200 million USD in debt into TCY tokens valued at 1 USD each. Token holders will receive 10% of network revenue forever. However, there are concerns about the plan’s legality and its complexity.

Some community members express doubts over the plan’s viability, citing THORChain’s past financial mismanagement. There are fears that issuing these tokens could lead to legal issues and might not sustain promised revenue distributions.

Bitcoin fell by over 10% following Trump’s tariff announcements, with institutional demand expected to support its recovery. In South Korea, the ‘kimchi premium’ for Bitcoin surged to 9.7% amid local market stability, highlighting the impact of domestic trading dynamics.

THORChain’s governance approved a $200 million plan to convert debts into equity tokens, ensuring future revenue for creditors. Meanwhile, Steve Yun launched a $100 million fund for TON ventures, signaling strong interest in DeFi startups based on the TON ecosystem.