Crypto

Court documents showed there was at least one 90-year-old, and some people had “set in stone” their opinions about the Tornado Cash co-founder’s criminal charges. A 12-person jury, including a member who celebrated her 90th birthday, deliberated this week in the complex case of Roman Storm, co-founder of Tornado Cash. They convicted Storm on one count of running an unlicensed money transmitting business, while remaining unable to reach a decision on other charges. According to court documents released on Thursday by Judge Katherine Failla, jurors in the Storm case sent several requests for information before declaring they were deadlocked on two of the charges. Among the letters to the judge were requests for transcripts of the testimony of several witnesses, clarification on what led to the indictment, and a specific query on the wallets included in North Korean sanctions. Read more

A memecoin collective with ties to the WNBA and the crypto sector has admitted to throwing sex toys onto the court at recent games. The group says the acts were meant to protest what it calls a “toxic” digital assets culture, sparking discussion on respect for women’s sports and athletes. The post WNBA Games Disrupted by Meme Coin Crypto Protest Over ‘Toxic’ Culture appeared first on Cryptonews.

Analyst Enigma Trader warns that without renewed whale accumulation, XRP’s structural weakness could deepen.

Ripple’s stablecoin RLUSD grew 32.3% in supply between June and July, surpassing $600 million. This was the second most significant growth in supply among stablecoins with over $500 million in supply growth, lagging only Ethena Labs’ USDe, which grew 63.4% in the same period. RLUSD has been in a strong growth trend since May, nearly […] The post Ripple’s RLUSD stablecoin hits $600M supply milestone in July appeared first on CryptoSlate.

The position marks one of the largest known bitcoin allocations by a U.S. university endowment.

Over half of the 25 largest US banks are now weighing or rolling out crypto-related products. An Aug. 8 status chart shared by River that tracks the giants across two lanes, custody and trading.  The snapshot shows multiple firms moving from “not yet” to “exploring,” “announced,” or restricted access for high-net-worth clients, indicating that digital […] The post Majority of America’s top 25 banks now signal crypto plans appeared first on CryptoSlate.

ChatGPT's XRP Analysis details a bull flag at $3.23 following the SEC case conclusion, sparking a 173% volume surge and boosting ETF approval prospects. With XRP above all major EMAs and institutional demand building, technical momentum suggests potential for substantial gains in the coming months. The post ChatGPT’s XRP Analysis Reveals Historic Victory Rally at $3.23 as SEC Case Officially Ends After 5-Year Battle appeared first on Cryptonews.

A $4.5M exploit has left CrediX Finance offline and unresponsive, fueling exit scam suspicions. Deleted accounts, vanished communication, and mounting legal efforts have pushed affected protocols to coordinate recovery actions with authorities. The post CrediX Finance Team Vanishes After $4.5M Hack, Exit Scam Suspected appeared first on Cryptonews.

A bullish regulatory tailwind is forming as the SEC clarifies its stance on crypto, liquid staking and tokenization — with institutional investors and IPOs responding in kind. The US Securities and Exchange Commission’s (SEC) historic shift in favor of digital assets is emerging as one of the most significant developments of the current Trump administration. Yet, investors may not fully grasp what it means for crypto adoption and its integration into the core of American financial services. That’s one of the key takeaways from recent remarks by Bitwise CIO Matt Hougan, who believes markets are underestimating the regulatory tailwinds now forming in the world’s largest economy. Project Crypto, the SEC’s initiative to modernize its approach to digital assets, was unveiled last week in direct response to the White House’s Working Group on Digital Assets. The program aims to create clearer, more consistent crypto regulations going forward. Read more

The tailwinds remain “incredibly strong” for Bitcoin, according to Hashdex Head of Global Markets Insights Gerry O’Shea.

Ethereum (ETH) surged past the $4,000 mark on Aug. 8, hitting its highest level this year after a sustained market rally that saw it gain nearly 50% in the past month. Data from CryptoSlate shows the asset peaked at $4,047 during US trading hours. Notably, the last time ETH traded above $4,000 was in December […] The post Ethereum rallies above $4,000 following blistering 50% surge in a month appeared first on CryptoSlate.

Two Seas Capital has opposed CoreWeave’s all-stock acquisition of Core Scientific, asserting the valuation and structure leave investors exposed to post-closing price swings. The move has reflected wider scrutiny of equity-only deals in AI infrastructure. The post Core Scientific’s Largest Active Shareholder to Vote Against CoreWeave Acquisition appeared first on Cryptonews.

The UN has forecast a 40% water shortfall by 2030. Water Tokenization has been applied via Hypercube’s reclaimed-water credits on Algorand and WaterLab’s tokenized desalination contracts, while TeamWater and The Giving Block have raised crypto for clean water access.   The post Can Tokenization Unlock Sustainable Water? Hypercube, WaterLab, and Algorand Bet Big appeared first on Cryptonews.

Sygnum and Amina banks have added SUI trading, custody and lending products for professional investors.

Markets are pumping on another pro-crypto Trump executive order. Will it last? The charts suggest growing optimism.

Crypto Regulation has advanced this week. Trump has signed executive orders on 401(k) access to digital assets and debanking, and has nominated Stephen Miran. The SEC has clarified that some liquid staking is not securities, and Chair Paul Atkins has pledged to keep crypto innovation in the U.S.   The post Weekly Crypto Regulation Roundup: Trump Backs Crypto in 401(K) Accounts, and SEC Embraces Liquid Staking appeared first on Cryptonews.

Nasdaq-listed Verb Technology has raised $558 million in a private placement to establish the first publicly listed company dedicated to holding Toncoin (TON) as a treasury reserve asset. The financing round, which was upsized and oversubscribed, was led by Kingsway Capital and drew participation from over 110 institutional and crypto-native investors. Notable backers include Vy […] The post Nasdaq-listed Verb secures $558M in funding for TON treasury, initiates rebrand appeared first on CryptoSlate.

The net gamma exposure of dealers in the Deribit-listed ether options market is negative between $4,000 and $4,400.

Mantle ($MNT) has climbed 4.6% to $1.07 as Layer 2 tokens have advanced, supported by partnerships, EigenLayer data availability, and rising DeFi activity. The team has outlined Mantle Banking and a $400M MI4 fund, while TVL has reached $242.65M amid mixed short-term technicals. The post Mantle ($MNT) Jumps 4.6% to $1.07 – Breakout Ahead or Bull Trap? appeared first on Cryptonews.

Four state-level lawsuits against three celebrities and individuals tied to the EMAX token may proceed after a California judge’s ruling. Investors who were parties to a 2022 lawsuit may be closer to pursuing legal action against celebrities who promoted the EthereumMax (EMAX) token after a recent decision by a California judge. In a Wednesday filing in the US District Court for the Central District of California, Judge Michael Fitzgerald granted a motion allowing class-action lawsuits filed in four US states to move forward, but denied the request for a nationwide class against EMAX promoters. The order will allow cases involving investors who purchased EMAX between May 2021 and June 2021 to continue in New York, California, Florida and New Jersey. “Plaintiffs have demonstrated that the proposed state classes comport with the requirements of Federal Rules of Civil Procedure,” the Wednesday filing reads. “However, the risk of inappropriate extraterritorial application of California and Florida law is simply t...