Crypto Majors rise at 401 (K) and Boe Rate Cut News; Eth & Sol Lead
Trump to lead today, which allows crypto in 401 (K) s
Tom Lee calls for $ 16,000 ETH + 5-10% crypto-portfolio entry allocation
Roman Storm was guilty of 1 count in a split jury, new movement will probably come
Artificial blocks introduced ‘Art Blocks 500’ that closes its first chapter
⚖️ Tornado Cash developer were guilty (partly)
Leave reasons to be optimistic about the future.
📌 What happened
That guilty accusation was for operating a company with money trans measurement, but the jury was laid down on the more serious accusations of money laundering and sanctions sanctions.
🚨NEW: SDNY ACTING US Attorney (and formerly @Secgov Chairman) Jay Clayton issued a statement after the conviction of Roman Storm and praised the persecution team after securing a guilty judgment for operating a company without a permit.
Storm was accused of allowing the Lazarus group of Noord -Korea to complete the Lazarus group $ 1 billion By tornado -contant money. Public Prosecutors claimed that he knew the risks and ‘the other way’.
But the jury did not buy that story and refused to condemn the header.
He is now confronted with conviction for the only guilty number.
Judge Faila in particular denied the motion to bring him back to prison and explained:
“There is a lot of fighting in this case for conviction, and I think Mr. Storm will remain to fight there.”
🗣️ What they say
“It’s a big victory. The ‘1960’ -Affairs is nonsense and we are going to fight all the way. You know how President Trump said ‘Fighting, Fighting, Fighting’? We will do that too.” – Roman storm
“Roman Storm was convicted of conspiracy to manage a money without a permit that is sent under section 1960. The jury was laid down on money laundering and sanctions. Doj will decide in the coming days whether it wants to try again those charges in a new process. A sad day for Defi.” – Jake ChervinskyCrypto Legal Expert
🧠 Why it matters
This is the first time that an American court has convicted a crypto developer criminal, simply for writing code that makes privacy possible.
It is a precedent, although a limited.
The refusal of the jury to condemn sanctions and money laundering of the legal system is not entirely on board with the idea that developers are responsible for how others use their tools.
Nevertheless, this guilty judgment sends a signal to open-source developers who work on financial privacy that although the US embraces crypto, lines will be drawn in the sand.
But there is hope for those who believe that Roman Storm should not be found guilty.
After that, there will be a new profession and probably appeal to how much progress in the US has been made on the Crypto project (especially with regard to DEV rights), the environment can be very different.
Tel Roman not yet out …
🌎 macro crypto and memes
A few crypto and web3 headlines that caught my attention:
Crypto Majors are very green on the Trump 401 (K) News; BTC +2% at $ 116,600, ETH +5% at $ 3,820, XRP +4% at $ 3.07, Sol +5% at $ 173
Pingu (+12%), ENA (+11%) and Pendle (+10%) Ledt top movers
Both BTC and ETH ETFs saw mains power on Wednesday for the first time in 5 sessions; $ 91.6 million for BTC, $ 35 million for ETH
Trump Will sign an executive order that makes Crypto and other assets today in 401 (K) S according to Bloomberg
Ethereum transactions have risen this week, With daily transactions that affect ~ 1.87 million, almost in January 2024’s High.
Metamasker Plans to launch a stablecoin called “Mmusd” in collaboration with Stripe, according to a now deleted post
Tornado Cash -Developer Roman Storm was found guilty on Wednesday, convicted of the operation of a money without a permit
The state of Michigan Pension increased its Bitcoin ETF -Selang (ARK) to 300,000 shares (~ $ 11.3 million)
An ex -Apple -Engineer introduced the Payy cardA privacy-oriented map that uses zero knowledge drawings and a private blockchain to hide Stablecoin transactions for public blockchains
Memecoin -Leiders are very green in the day; Doge +6%, Shiba +4%, Pepe +5%, Bonk +6%, Pengu +12%, Trump +3%, SPX +7%and Fartcoin +4%
The maker of the troll meme said he has no desire to take legal action against the memecoin that rose to $ 200 million yesterday (trol -6% to $ 170 million)
BOSS Was the runner of the day, rises 1,400% to $ 20 million; Lizard +100% to $ 10 million and SWIF +300% to $ 3..7m were other remarkable movers
Stretch Touch a new ATH for $ 560 million market capitalization, now with a 6-day green streak
💰 Token, AirDrop & Protocol Tracker
Magic Eden Airdroped Yesterday 10m $ Me tokens for his season 2 rewards
🤖 Ai x crypto
Section dedicated to headlines in the AI sector of Crypto:
General market capitalization An increase of 5% to $ 10.9 billion, leaders were very green
BIOS (+200%), HEM (+60%) and AXR (+46%) LED Top Movers
Trump Media’s Truth Social is now beta tests “truth search ai”, an AI-driven search engine built with perplexity
Pudgy Penguins announced a collaboration at AVA Studio to enable holders to make AI content easier
🚚 What happens in NFTs?
Here is the list of other remarkable headlines of the day in NFTS:
ETH NFT leaders were usually green; Punks +1% at 52.2 ETH, Pudgy +2% at 14.2, Bayc -1% at 11.85 ETH
Meebits (+17%) and Memeland Captainz (+15%) led remarkable top movers
Bitcoin NFTS Were usually red or even; Quantum cats +4%
Abstract NFTs were usually red; Bearyz +12% LED
Artificial blocks Introduced ‘Art Blocks 500’ as the full collection of the first 500 projects published on their platform, which means that 5 more projects will be beaten (2 compiled, 3 explorations) to complete the collection (Future Plans TBD)
