The U.S. Securities and Exchange Commission and Singapore-based Terraform Labs on Thursday agreed in principle to settle civil charges of fraud tying back to the collapse of the Terra ecosystem two years ago. The result was a sudden, unexpected bump for two largely forgotten but still viable remnant assets, rebooted Terra 2.0 (LUNA) and Terra Classic (LUNC).

As of 10 p.m. (EST) on Thursday night, LUNA, 178th-largest digital asset, had gained 11% in 24 hours, going from 60 cents to 67 cents. LUNA has a market capitalization of about $460 million.

Meanwhile, LUNC gained 6% in that same span. LUNC is No. 137, with a market cap of almost $700 million.

At its lowest point in May of 2022, the original LUNA (the coin that is now LUNC) sank to $0.000001. It's now $0.0001. That actually represents an increase of 12,000%. The infinitesimal price is a reflection of a gargantuan supply, bloated from a quirky hyper-minting mechanism that traces back to when the Terra stablecoin imploded in the first place.

According to some analysts, CoinTurk News said, the LUNC price could eventually get back to $0.0002, a level actually seen as recently as the end of 2023.

As for LUNA, it really got a jolt, initially soaring 40% after news of the preliminary agreement became public; but then it retraced in a hurry.

The settlement terms were not disclosed. And the deal is not yet finalized.

Earlier this spring, a jury found Do Kwon and the company he founded, Terraform, liable for civil fraud.

Kwon is currently out on bail in Montenegro, awaiting extradition to either the U.S., where he still faces federal criminal charges, or to South Korea, where he also faces criminal charges.

Ethereum ETF optimism keeps growing by the day, but the price of ETH has stubbornly languished.

The lackluster performance comes even as the SEC reportedly asked spot ETH ETF issuers to turn in the final pieces of requisite paperwork, amended S-1 forms, by EOD Friday, according to The Block.

At that point, the SEC will provide its first round of comments which will be followed, most likely, by further amendments. Thus, the launch of ETH ETFs could happen by the end of June, experts forecast.

And that'll most likely be followed by ETH hitting new record highs, Cointelegraph said, citing analysts.

As of Thursday night, the second-largest crypto was down 1% over the past seven days.

Yesterday afternoon, after Donald Trump, the former (and possibly future) U.S. president, was found guilty on 34 counts of falsifying business records, memecoin MAGA (TRUMP) sank from about $15 to nearly $11 but later rebounded to as high as $16. Concurrently, Jeo Boden (BODEN), a kind of rival token connected with President Joe Biden, shot up from 30 cents to 36 cents and quickly retreated to as low as 26 cents, all within a few hours.

Meanwhile, the Biden Administration's flip-flop on crypto policy, from hostile to friendly in merely a couple of weeks, has industry members wondering whether the stance is purely a political move, not to be taken too seriously, according to CoinDesk.

Checking Polymarket, the crypto-based prediction market, traders still expect Trump, the first U.S. president to be convicted of a felony, to defeat Biden in the November election. Trump's probability is pegged at 56% versus 38% for Biden.

Trump has also done a stark policy about-face, turning from a crypto skeptic to a supporter, and now even accepts crypto-denominated campaign donations.

Robert F. Kennedy Jr., also a U.S. presidential candidate, running as an independent, and who spoke Thursday at a CoinDesk event, said the guilty verdict might wind up helping Trump. Kennedy also said he was delighted that at least one of his rivals was leaning into crypto; but RFK Jr. also made a point to add that he was not a fan of Trump.

"I'm going to make sure cryptocurrency is regulated in a way that protects the consumer from deceptive schemes," Kennedy said.