In today's crypto news, Do Kwon, co-founder of Terraform Labs, might change his plea in a federal criminal case during an upcoming court hearing. Kwon initially faced nine felony counts after being extradited to the U.S. from Montenegro. Meanwhile, crypto analyst Willy Woo discussed Bitcoin’s increasing corporate adoption, likening it to gold’s historical trajectory before 1971. He warned about the potential nationalization of Bitcoin holdings, paralleling the U.S. government's past actions regarding the gold standard. Additionally, Bitcoin pioneer Samson Mow predicted that Ethereum investors will rotate back into Bitcoin as Ethereum’s price rises, indicating a cyclical pattern of trading between ETH and BTC. Mow emphasized that once Ethereum reaches a certain price level, many investors may sell their Ether holdings to reinvest in Bitcoin, potentially creating new ‘bagholders’ in the process. This back-and-forth trading reflects broader market strategies and sentiment among cryptocurrency investors.

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