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Tron founder Justin Sun has filed a lawsuit against American film producer and record executive David Geffen in a bid to reclaim an Alberto Giacometti sculpture or get up to $80 million in damages. Sun lodged the complaint in Manhattan federal court on Tuesday, alleging the bronze Le Nez sculpture, which he previously owned, had been stolen and sold to the entertainment mogul without his consent. Sun Claims Aide Stole His Sculpture The crypto entrepreneur claims that a former employee, Xiong Zihan Sydney, who had been his art advisor, masterminded the theft and subsequent sale of the artwork to Geffen. Le Nez, which has been authenticated by the Giacometti Committee, was conceived by the artist between 1947 and 1949 and cast in 1965. Sun bought the sculpture for $78.4 million at a November 2021 auction of real estate developer Harry Macklowe’s art collection. The 34-year-old says he intended to donate it to the Singapore-based ApeNFT Foundation, which focuses on blockchain-based fractional-ownership art investments. However, he never completed the transfer; instead, he allowed the sculpture to be exhibited virtually by the organization. He later lent it to the Giacometti Foundation for an exhibition in Paris, where it was shown through January 2024. According to the lawsuit, soon after the artwork returned from France to Sun’s storage facility in Singapore, Xiong hatched a plot to steal it and sell it to Geffen, using her position to misrepresent the ownership of the piece and forge his signature on sale documents. She allegedly introduced a fake Chinese lawyer named “Laura Chang” to validate the transaction, which involved swapping Le Nez for two pieces of art from the music magnate’s collection with a combined value of $55 million. The deal also included an extra $10.5 million in cash, bringing the total to $65.5 million. Sun admits that he had considered selling the suspended bronze figure, but he wanted to recoup the $78.4 million he paid for it. The Liberland Prime Minister says he asked Xiong to keep an eye out for anyone that would pay at least $80 million for the piece, but he never authorized her to execute a sale on his behalf. His legal team is arguing that Geffen should have identified red flags before concluding the deal, including the involvement of a lawyer conducting business using a personal Gmail account. They also claim that Xiong confessed to the fraud in May 2024, admitting to pocketing $500,000 from the deal. Geffen Refutes Claims However, Geffen’s lawyer, Tibor Nagy, has dismissed the allegations against his client as nothing more than “seller’s remorse,” calling the lawsuit “bizarre and baseless.” He stressed that the movie producer had no direct contact with Sun’s art advisor and that the transaction was conducted through intermediaries. This is not the first time that Sun, who is the biggest investor in the President Donald Trump-backed World Liberty Financial, is in the news over art-related matters. In November last year, he made waves after spending $6.2 million on Maurizio Cattelan’s Comedian, a banana duct-taped to the wall, and eating it soon after. The post Justin Sun Sues Music Mogul David Geffen Over $78M Sculpture Dispute appeared first on CryptoPotato.

$BERA Price Foresights: Trends and Market Analysis Berachain's native token, $BERA, has been gaining attention in the blockchain ecosystem, thanks to its innovative approach and unique tri-token model. As the market evolves, investors and analysts are keen on understanding the potential price movements of this promising token. Below is a comprehensive analysis and foresight on the future price trends of $BERA. --- Understanding Berachain $BERA Berachain is a next-generation Layer 1 blockchain built on the Cosmos SDK, utilizing a unique Proof of Liquidity Consensus (POLC) mechanism. This allows users to stake various digital assets like wBTC, wETH, and stablecoins to earn block rewards while providing liquidity to the network. The blockchain’s tri-token system comprises: $BERA: The gas token for transaction fees. $BGT: The governance token for protocol decisions. $HONEY: A collateralized stablecoin pegged to the US dollar. This structure aims to create a sustainable and liquid ecosystem, fostering innovation and user engagement. --- Market Performance At the time of writing, $BERA is trading at $6.60, following a slight market correction. The token has experienced fluctuations, with an intraday high of $8.48 and a low of $6.27. Despite the recent dip, $BERA's robust ecosystem and unique consensus model position it as a strong contender in the DeFi space. --- Factors Influencing $BERA Price Several factors are likely to influence $BERA's price in the near future: 1. Adoption of Berachain Technology: As more developers and users adopt Berachain's infrastructure, demand for $BERA may rise, driving up its price. 2. Market Sentiment: The overall crypto market sentiment and macroeconomic factors will continue to play a significant role. 3. Staking and Liquidity Incentives: The Proof of Liquidity Consensus mechanism could attract more stakers, increasing demand for $BERA. 4. Ecosystem Developments: New partnerships, integrations, and protocol upgrades could positively impact the token's value. --- Price Foresights 1. Short-Term Outlook: $BERA may experience volatility, with prices ranging between $6.00 and $9.00 as market sentiment stabilizes. 2. Mid-Term Outlook: As adoption increases, the token could test resistance levels around $12.00 to $15.00 by mid-2025. 3. Long-Term Outlook: With sustained growth and adoption, $BERA has the potential to reach $20.00 or higher by the end of 2025, assuming favorable market conditions. --- Investment Considerations While $BERA shows promise, investors should consider the inherent risks associated with cryptocurrency investments, such as market volatility and regulatory changes. Diversifying portfolios and staying informed about Berachain's developments can help mitigate risks. --- Final Thoughts $BERA's innovative approach and strong ecosystem position it as a token to watch in the DeFi landscape. By keeping an eye on market trends and ecosystem developments, investors can make informed decisions about this emerging crypto asset.

$XRP appears to be currently trapped in a range-bound market, as the price moves between key support and resistance zones. At press time, $XRP is trying to break above the $2.40 level and is up by more than one percent. Though there is some momentum in the upward direction as of this moment, the price action remains too small to have significant impact for the larger trend. Support and Resistance Levels (Short Term) The primary support zone to monitor is between $1.95 and $2.35. If the price holds above $1.95, higher prices could follow. However, there’s still a possibility that this area will be tested again before a clear upward trend emerges. For now, the market remains somewhat uncertain. A break below $1.95 would mean that the February 3rd low may not be the true bottom, but a break above the $2.70 mark would provide a solid confirmation that a larger rally is incoming.  Support and Resistance Levels (Long Term) The support area for $XRP in the long term is between $1.20 and $2.10 on the larger timeframe. This week, the price dipped into this region but has already started moving back upwards. However, it’s important to note that until $XRP breaks above the all-time high at $3.40, it could still be looking at a potential fourth-wave extension. There’s a possibility that $XRP will continue to range between $1.20 and $4.20, which could persist for some time. While this may feel frustrating to traders, it’s not uncommon for XRP to exhibit such behavior. If XRP experiences an impulsive rally, it might target $4.20, or even $5 and $6.60 as stretch targets. However, these levels are still speculative and require confirmation through further price movement.

$BERA Price Foresights: Trends and Market Analysis Berachain's native token, $BERA, has been gaining attention in the blockchain ecosystem, thanks to its innovative approach and unique tri-token model. As the market evolves, investors and analysts are keen on understanding the potential price movements of this promising token. Below is a comprehensive analysis and foresight on the future price trends of $BERA. --- Understanding Berachain $BERA Berachain is a next-generation Layer 1 blockchain built on the Cosmos SDK, utilizing a unique Proof of Liquidity Consensus (POLC) mechanism. This allows users to stake various digital assets like wBTC, wETH, and stablecoins to earn block rewards while providing liquidity to the network. The blockchain’s tri-token system comprises: $BERA: The gas token for transaction fees. $BGT: The governance token for protocol decisions. $HONEY: A collateralized stablecoin pegged to the US dollar. This structure aims to create a sustainable and liquid ecosystem, fostering innovation and user engagement. --- Market Performance At the time of writing, $BERA is trading at $6.60, following a slight market correction. The token has experienced fluctuations, with an intraday high of $8.48 and a low of $6.27. Despite the recent dip, $BERA's robust ecosystem and unique consensus model position it as a strong contender in the DeFi space. --- Factors Influencing $BERA Price Several factors are likely to influence $BERA's price in the near future: 1. Adoption of Berachain Technology: As more developers and users adopt Berachain's infrastructure, demand for $BERA may rise, driving up its price. 2. Market Sentiment: The overall crypto market sentiment and macroeconomic factors will continue to play a significant role. 3. Staking and Liquidity Incentives: The Proof of Liquidity Consensus mechanism could attract more stakers, increasing demand for $BERA. 4. Ecosystem Developments: New partnerships, integrations, and protocol upgrades could positively impact the token's value. --- Price Foresights 1. Short-Term Outlook: $BERA may experience volatility, with prices ranging between $6.00 and $9.00 as market sentiment stabilizes. 2. Mid-Term Outlook: As adoption increases, the token could test resistance levels around $12.00 to $15.00 by mid-2025. 3. Long-Term Outlook: With sustained growth and adoption, $BERA has the potential to reach $20.00 or higher by the end of 2025, assuming favorable market conditions. --- Investment Considerations While $BERA shows promise, investors should consider the inherent risks associated with cryptocurrency investments, such as market volatility and regulatory changes. Diversifying portfolios and staying informed about Berachain's developments can help mitigate risks. --- Final Thoughts $BERA's innovative approach and strong ecosystem position it as a token to watch in the DeFi landscape. By keeping an eye on market trends and ecosystem developments, investors can make informed decisions about this emerging crypto asset.

Story Highlights The XRP price today has dropped ~3.5% with a trading volume of $7.482 billion. Technical indicators SMA & MACD show an intensified bearish action, suggesting that the altcoin may continue is negative action. The present resistance and support trend levels are $2.50 and $2.00. The crypto market continues displaying mixed price action, highlighting increasing uncertainty. Moreover, top crypto tokens have plunged below their important support levels. With this, the Ripple token recorded a similar price action, resulting in increased bearish sentiment. Considering the present market trends, investors and institutions are closely monitoring the price action of these crypto tokens as the altcoin hints at a potential XRP ETF approval. Are you concerned about its short-term prediction? Read now to Find out the possibilities! Ripple Price Continues Struggling Below The $2.50 Mark! Over the past 24 hours, the price of XRP token has dropped by 3.48% with a trading volume of $7.482 billion, a change of +1.83%. Moreover, it has plunged 24.13% in the last seven days, highlighting increased selling pressure. With a market cap of $132.803 billion, it has a market dominance of 4.2106%. The Simple Moving Average (SMA) constantly acts as a support to the XRP price chart. This suggests a strong bearish action for the altcoin in the crypto space. Furthermore, the MACD indicator displays a constant rise in the red histogram with its averages recording a similar price action in the daily time frame. This highlights that the 04th largest crypto token may continue losing value in the upcoming time. Will XRP Price Rise Back Up? If the market favors the bulls, the Ripple coin price could retest its immediate resistance level of $2.50. Maintaining the price above that level could set the stage for this altcoin to head toward its upper resistance level of $3.00. On the contrary, if the bears outrun the bulls, the XRP coin price may drop toward its low of $2.25. Furthermore, if the bearish sentiment intensifies, this could result in it plunging toward its crucial low of $2 in the coming time. Are you one of many who are planning on investing more XRP tokens but are concerned about its long-term possibilities? Read out the latest XRP Price Prediction today! $XRP Story Highlights The XRP price today has dropped ~3.5% with a trading volume of $7.482 billion. Technical indicators SMA & MACD show an intensified bearish action, suggesting that the altcoin may continue is negative action. The present resistance and support trend levels are $2.50 and $2.00. The crypto market continues displaying mixed price action, highlighting increasing uncertainty. Moreover, top crypto tokens have plunged below their important support levels. With this, the Ripple token recorded a similar price action, resulting in increased bearish sentiment. Considering the present market trends, investors and institutions are closely monitoring the price action of these crypto tokens as the altcoin hints at a potential XRP ETF approval. Are you concerned about its short-term prediction? Read now to Find out the possibilities! Ripple Price Continues Struggling Below The $2.50 Mark! Over the past 24 hours, the price of XRP token has dropped by 3.48% with a trading volume of $7.482 billion, a change of +1.83%. Moreover, it has plunged 24.13% in the last seven days, highlighting increased selling pressure. With a market cap of $132.803 billion, it has a market dominance of 4.2106%. The Simple Moving Average (SMA) constantly acts as a support to the XRP price chart. This suggests a strong bearish action for the altcoin in the crypto space. Furthermore, the MACD indicator displays a constant rise in the red histogram with its averages recording a similar price action in the daily time frame. This highlights that the 04th largest crypto token may continue losing value in the upcoming time. Will XRP Price Rise Back Up? If the market favors the bulls, the Ripple coin price could retest its immediate resistance level of $2.50. Maintaining the price above that level could set the stage for this altcoin to head toward its upper resistance level of $3.00. On the contrary, if the bears outrun the bulls, the XRP coin price may drop toward its low of $2.25. Furthermore, if the bearish sentiment intensifies, this could result in it plunging toward its crucial low of $2 in the coming time. Are you one of many who are planning on investing more XRP tokens but are concerned about its long-term possibilities? Read out the latest XRP Price Prediction today! $XRP