Donations to the embattled software developer increased after Wednesday’s partial verdict and the possibility of a retrial. Tornado Cash developer Roman Storm’s legal defense fund is seeing an influx of donations as the software creator’s defense team preps for a possible retrial on charges of money laundering and sanctions violations. The Ethereum Foundation on Thursday said it will match up to $500,000 in donations to Storm’s defense fund. The jury in Storm’s trial was deadlocked — unable to reach a unanimous verdict — on two of the three counts against him, finding the developer guilty of running an unlicensed money transmitter. “Mistrials by hung juries do not trigger double jeopardy, so the defendant can be tried again,” Brandon Ferrick, general counsel at Douro Labs, told Cointelegraph. Read more
Ukraine has had some regulatory starts and stops when it comes to crypto, though momentum for a regulatory bill has picked up since 2024. Ukraine’s parliament plans to conduct the initial reading of a crypto regulation bill by late August, according to government officials. The legislation, if approved, could establish a legal framework for digital assets aligned with European standards. “The preparation of a draft law on taxation of transactions with virtual assets is currently in the final stage,” Danylo Hetmantsev, head of the parliamentary committee on finance, tax and customs policy, told Cointelegraph. “It is estimated that its submission for the first reading in the Verkhovna Rada is scheduled for the end of August 2025.” Read more
Bitcoin could challenge the $120,000 to $123,218 resistance zone but crossing it may be a tough ask for the bulls. Key points: Bitcoin has made a brilliant comeback but is expected to face significant resistance in at $120,000. Ether looks strong on the charts and is expected to challenge the $4,094 level, where sellers are expected to step in. Read more