As cryptocurrencies slid Monday, bitcoin hit a three-month low, Bloomberg wrote<\/a>.<\/p>\n The sentiment took a hit because of a spate of financial tightening that will happen this week in both Europe and the U.S.<\/p>\n The coin\u2019s price fell 7.4% to $18,273 before paring losses, the lowest since digital-asset prices fell after Celsius collapsed in June.<\/p>\n Meanwhile, prosecutors in South Korea have asked Interpol to issue a red notice against Do Kwon, the cofounder of the now-collapsed Terraform Labs, Financial Times (FT) wrote<\/a>.<\/p>\n The prosecutors said he has not cooperated with an investigation into the $40 billion implosion of the terraUSD and luna tokens.<\/p>\n The Seoul Southern District Prosecutors\u2019 Office said it has asked Seoul\u2019s foreign ministry to cancel Kwon\u2019s South Korean passport, saying he was on the run and \u201cobviously\u201d wouldn\u2019t be appearing for questioning.<\/p>\n In further crypto news, the founder of a crypto investment research firm has been accused by the SEC of promoting an initial coin offering without disclosing he\u2019d been paid $5 million for that, Bloomberg wrote<\/a>.<\/p>\n Ian Balina had allegedly promoted the SPRK token on various social media and did not say he had been paid by the company that offered it. The report noted that the description matches Token Metrics, an Austin firm providing AI-based crypto ratings and price predictions.<\/p>\n Balina is a self-described crypto asset investor, promoter and influencer, and has documented his investment process online.<\/p>\n Additionally, ethereum investments have seen outflows totaling $15.4 million, with investors weighing the blockchain\u2019s Merge to a proof-of-stake consensus mechanism, Seeking Alpha wrote<\/a>.<\/p>\n The token itself has fallen 16% in the last five sessions.<\/p>\n Mike Alfred, who is on the board of directors for crypto exchange Iris Energy, said the outflows are happening because nobody \u201cwants to participate in a system controlled by wealthy devs who can change the rules at the drop of a hat,\u201d calling it a \u201cbloodbath.\u201d<\/p>\n Finally, the PGA is partnering with Autograph, the NFT marketplace run by U.S. football quarterback Tom Brady, in order to make its own NFT platform, Coindesk wrote<\/a>.<\/p>\n The combination will see NFTs made from the PGA\u2019s archive of videos and player data \u2013 and all the revenue will go to the players, reports said.<\/p>\n The system will debut sometime early next year.<\/p>\n
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