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Tornado Cash co-founder found guilty in partial verdict after 3-week trial

A Manhattan jury found Tornado Cash co-founder and developer Roman Storm guilty of charges related to conspiracy to run an unlicensed money business.
In a Wednesday decision in the US District Court for the Southern District of New York (SDNY), Storm was found guilty of one felony charge related to
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Judge pushes jury to end Storm trial after days of gridlock

After four days of deliberations, jurors in the Roman Storm trial told the court they remain deadlocked on some charges, prompting the use of an Allen charge to encourage further discussion.
An Allen charge, sometimes called a “dynamite charge,” is a special instruction a judge gives to a deadlocke
STORM2.67%
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Ethereum transaction volumes see year-high amid SEC staking drama

Transactions on the Ethereum network have reached a one-year high as the US Securities and Exchange Commission issues new guidance on staking.
This comes amid historical highs in Ether staked on the network; according to Dune Analytics, over 36 million Ether (ETH) is now staked on Ethereum,
ETH2.61%
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Bitcoin supply shock to 'uncork' BTC price as OTC desks run dry

Key points:
Bitcoin corporate treasuries such as Strategy’s are predicted to drain OTC desks and then exchanges.
The resulting supply imbalance will “uncork” BTC price action.
In the meantime, profit-taking is still a major priority for existing hodlers.
Bitcoin (BTC) demand from
BTC1.75%
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SBI outlines plans to launch Japan’s first Bitcoin-XRP dual ETF

Japanese financial giant SBI Holdings has unveiled plans to launch the country’s first dual-asset cryptocurrency exchange-traded fund (ETF), offering exposure to both Bitcoin and XRP.
In its earnings report on Thursday, the company outlined a plan for two crypto-based ETF
BTC1.75%
XRP1.21%
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UK u-turn on retail access to crypto ETNs signals push to become crypto hub

The United Kingdom’s financial regulator has lifted a ban on crypto exchange-traded notes (cETNs) for retail investors in a move welcomed by industry leaders as a step toward aligning the country with global crypto markets and strengthening its position as a digital asset hub.
On
BAN-11.24%
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Eye-scanning crypto projects pose national security risks, China warns

China has issued a warning over the growing use of biometric data by crypto-linked projects, cautioning that iris-scanning schemes operating under the guise of digital asset distribution may threaten personal privacy and even national security.
In a public security bulletin published Wednesday, Chi
IRIS4.19%
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SEC's guidance on liquid staking tokens a win for DeFi, institutions

The crypto industry is hailing the US Securities and Exchange Commission’s latest guidance on liquid staking as a rare regulatory win, with stakeholders calling it a major step forward for decentralized finance and institutional adoption of digital assets.
Released Tuesday, the SEC staff issued a g
DEFI0.73%
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Could centralization be the silent killer of AI and cloud innovation?

Advancements in cloud computing, data storage and artificial intelligence have transformed how businesses operate and manage information. However, this transformation has also led to challenges because these technologies are highly centralized and in the hands of a few tech giants
The cloud comput
CLOUD15.09%
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Why crypto miners are ditching debt for equity

Debt-to-equity shift in Bitcoin mining
The 2022 crypto winter caused major Bitcoin miners over exposed to debt financing to file for bankruptcy. Most publicly traded miners had debt-to-equity ratios over four, with values above two generally considered unsustainable. Starting in the third
WHY5.82%
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Ethena’s risky path: A synthetic stablecoin cautionary tale

The synthetic stablecoin market is a dynamic part of decentralized finance (DeFi), and Ethena has left a significant mark with its innovative product. With high yields on its synthetic dollar, USDe, Ethena has captured a total value locked (TVL) of $2.7 billion, demonstrating demand for synthetic st
ENA4.05%
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