Odaily News Solana Policy Institute announced that it has donated $500,000 to the legal defense fund of Tornado Cash developers Roman Storm and Alexey Pertsev. The two have been convicted in connection with a cryptocurrency mixer case and are facing prison sentences. Pertsev was previously sentenced to 64 months in prison in the Netherlands for assisting in $1.2 billion Money Laundering, while Storm was convicted this month in New York for unlicensed money transmission, though the jury did not reach a consensus on the Money Laundering and sanctions charges. Solana Policy Institute CEO Miller

Golden Finance reported that Matthew Galeotti, Acting Assistant Attorney General of the Criminal Division of the U.S. Department of Justice, stated at the American Innovation Project event that "merely writing code without malicious intent is not a crime." He emphasized that the Department of Justice will continue to prosecute crimes involving fraud, Money Laundering, and sanctions evasion, but will not impose a new regulatory framework for the encryption industry through criminal law. The statement came weeks after Roman Storm, the founder of Tornado Cash, was convicted of operating an unlicensed money transfer business, sparking calls within the industry to dismiss the charges against him. The Department of Justice's shift in stance is seen as related to the new Trump administration's adjustments to digital asset policies.

PANews August 8 news, Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, posted on X stating that the foundation will donate an additional $500,000 for the legal defense of Tornado Cash founder Roman Storm. Wang emphasized: "Privacy is the norm, and writing code is not a crime." Previously, news yesterday reported that Tornado Cash founder Roman Storm was convicted of unlicensed money transmission, but the jury did not reach a consensus on the charges of money laundering and sanctions.

Bitcoin (BTC) prices have slightly rebounded, currently reporting around $114,850 during the Asian session today (7th). U.S. President Trump has raised tariffs on Indian goods to 50%, and as trade tensions escalate, it has further suppressed the demand for Crypto Assets. A Manhattan jury has found Tornado Cash co-founder and developer Roman Storm guilty of conspiring to operate an unlicensed currency business. Cryptocurrency traders are preparing for potential price drops in Bitcoin and Ethereum this August, as DeriveXYZ's options data shows a clear bearish sentiment in the market.

Odaily News According to market news: In the Roman Storm case, part of the ruling found the charges of illegal operation of unlicensed remittance services to be established, while the charges of conspiracy to Money Laundering remain undecided, with no violation of sanctions regulations.

PANews August 6 news, according to Zoomer, the jury in the case of Tornado Cash developer Roman Storm is currently divided, and the court states that a partial verdict may soon be reached.

Odaily News Encryption reporter Eleanor Terrett posted on the X platform stating that the jury in the Roman Storm case today reported being deadlocked on some charges. Judge Failla subsequently issued an Allen charge, instructing the jury to continue deliberating. If the deadlock persists, the court will accept partial verdicts, and the government may refile charges on the remaining counts. We are currently awaiting the results of the jury's continued deliberation.

The jury will decide the fate of Roman Storm, co-founder of Tornado Cash, who faces charges of Money Laundering and sanctions violations, and if convicted, could face 40 years in prison. This case could set a legal precedent for developer liability.

The U.S. Department of Justice has officially stated that it will no longer investigate Dragonfly's early investment in the encryption mixer Tornado Cash, confirming that media reports regarding the lawsuit are inaccurate. Tornado Cash co-founder Roman Storm still faces related charges.

According to data from the German market research firm GfK, the confidence index of UK consumers fell to -19 in July due to expectations that the UK government may raise taxes, while the savings index rose to +34, indicating consumers' cautious attitude towards the future economy and concerns about rising inflation.

According to Golden Finance, in the money laundering case of Tornado Cash developer Roman Storm, the defense is considering applying for a retrial, as the testimony of a victim may have misled the jury. On-chain analysts pointed out that the victim's funds did not go through Tornado Cash, and the prosecution did not verify the flow of funds, reflecting the significant impact of technical errors and misleading testimonies on the trial.

The trial of Tornado Cash co-founder Storm has concluded, with the jury members being relatively young. The prosecution referred to it as a "Money Laundering machine," while the defense emphasized that Storm is a tool that has been abused, planning to invite experts to testify in support of its claims. The case will continue tomorrow.

The co-founder of the crypto tumbler Tornado Cash, Roman Storm, is facing trial for Money Laundering and violating sanctions laws. He urgently needs $500,000 to address a funding shortfall and plans to raise another $1 million to cover legal fees, emphasizing the importance of defending code freedom.

The legal team of Tornado Cash co-founder Roman Storm has accused the U.S. prosecutors of using misleading evidence on the eve of the trial. The core controversy lies in the lack of forwarding source metadata for key messages extracted from Telegram chat records, which could mislead the grand jury. The prosecution admitted that the format of the chat records provided earlier (plain text) did not indicate forwarding information, but insisted that the later provided HTML version (with annotations) is authentic and valid. Legal experts pointed out that this evidence verification issue could weaken the prosecution's position due to a violation of the "Brady Rule" (which requires prosecutors to continuously correct errors), potentially affecting the credibility of the core charges in the case and raising concerns within the crypto community about the legal responsibilities of DeFi protocols and the fairness of judicial procedures. This case involves allegations of cryptocurrency Money Laundering and unlicensed remittance businesses, and its outcome will have far-reaching implications for the legal compliance of on-chain privacy tools (such as crypto mixers).

The criminal trial of Tornado Cash founder Roman Storm is about to begin, but as the prosecution plans to summon a Hacker to testify, Storm's defense attorney has requested to exclude the witness's testimony, arguing that it would bias the jury. If the court denies this motion, the defense team indicated that they might request a postponement of the trial. This case has sparked widespread follow in the encryption community, with many believing that writing code should not be considered a crime. Meanwhile, another founder of Tornado Cash, Alexey Pertsev, has been sentenced in the Netherlands, while Roman Semenov remains at large.

After Bitcoin (BTC) reached a historical high of 117 million USD, it continued to trade around 116,600 USD during the Asian early session today (11). A perfect storm is driving market sentiment, and Bitcoin spot ETF is expected to see inflows for six consecutive days. Analysts believe the target price for Bitcoin may reach 120,000 USD.

The lawyer of Tornado Cash co-founder Roman Storm has requested to exclude a hacker who may testify, stating that their identification was disclosed only after the deadline, which could impact the jury's judgment. If the request is denied, the defense team will seek to postpone the trial, scheduled to begin on July 14.

Bitcoin (BTC) is attempting to turn two key resistance levels into support after setting a historical highest weekly closing price, laying the groundwork for a new high. Some analysts believe that the crypto assets market may be in a "calm before the storm" phase. Prominent analyst Rekt Capital emphasizes that the goal is to convert this resistance into support, which would push BTC towards new all-time highs (ATH). He noted: "Given that the price barely closed above the final weekly resistance level, this leaves very little chance for the price to cleanly pull back and confirm that level as support; in other words, this pullback process is likely to be highly volatile."

Vitalik Buterin mentioned on the X platform that the trial of Tornado Cash founder Roman Storm is imminent and emphasized the importance of privacy tools. With frequent hacker attacks on centralized databases, there is a need to strengthen the integration of privacy and security, hoping that the United States can take the lead in creating a safer and freer environment.

Ethereum founder Vitalik supports Tornado Cash co-founder Roman Storm in a post, stating that anonymization software should not be subject to money transmission business regulation. He emphasizes that enhancing privacy protection is an important component of safety and hopes that the United States can promote a safer data environment.

Ethereum co-founder Vitalik supports Tornado Cash co-founder Roman Storm in a post, arguing that anonymization software should not be subject to money transmission regulations. He emphasizes that enhancing privacy protection is an important component of security and hopes that the U.S. can promote a safer data environment.

Roman Storm, the co-founder of Tornado Cash, revealed in an interview that his U.S. criminal trial will begin on July 14 in New York. He will respond to charges of illegal profits but did not specify whether he would defend against charges such as Money Laundering.

Jin10 Data July 1st news, according to information from Russia, on the evening of June 30th local time, the Ukrainian armed forces used "Storm Shadow" cruise missiles to attack the central area of Donetsk city, resulting in 1 death. As of now, there has been no response from the Ukrainian side.

Golden Finance reported that the hacker attacking the Cork Protocol has transferred $11 million worth of stolen ETH (4,520 coins) to the encryption mixer Tornado Cash, and subsequently donated 10 ETH, worth approximately $24,000, to the legal fund of Tornado Cash co-founder Roman Storm. In response, Roman Storm posted on the X platform stating that he would never accept donations from hackers and would return the 10 ETH to Cork Protocol. It is reported that Cork Protocol co-founder Phil Fogel has expressed gratitude and donated 1 ETH to Roman Storm's legal fund.

According to Gate News bot, CoinTelegraph reported that Celestia co-founder Mustafa Al-Bassam claimed that despite the escalating allegations of misconduct, insider profits, and community distrust, the team remains committed and has the financial capacity to weather the storm.

Gate News bot message, venture capital firm Paradigm has submitted an amicus brief supporting Tornado Cash co-founder Roman Storm, arguing that the jury needs to fully understand the legal definition of operating a remittance business.

Paradigm submitted an opinion letter to the New York court in support of Tornado Cash co-founder Roman Storm, emphasizing that he, as a developer, did not control user funds, opposing the prosecutor's charges, and warning that a conviction could have a negative impact on encryption and Open Source software development.

Gate News bot message, investment firm Paradigm has submitted an amicus brief to the New York court in support of Tornado Cash co-founder Roman Storm's case. The brief focuses on the legal definition of "money transmission business." Paradigm points out in the document that Storm, as a software developer, does not directly control user funds, and the prosecution's allegations conflict with current laws and FinCEN guidelines. Additionally, Paradigm elaborates on the consequences of Storm's conviction in the brief, stating that this ruling will have widespread implications for Crypto Assets, artificial intelligence, and Open Source software development.

Crypto analyst Don Alt warned that a storm may be brewing in bitcoin - and the driver of this storm may not be speculators, but institutional investors. He believes that companies hoarding bitcoin could end up being the biggest selling stressors in the market. Currently, global corporations hold more than 1.1 million bitcoins (worth more than $117 billion), and he believes that the factors driving the rally in this cycle could also accelerate the next crash. According to the analyst, the next decline could be the same as the catastrophic bear market of 2018, when Bitcoin plummeted by more than 80% from its highs. "No one is ready for the ferocity of the next bear market," he said, noting that institutional holders may take liquidation actions during periods of financial strain or falling prices.

Gate News bot news, the Ethereum Foundation recently announced a donation of $500,000 towards the legal defense of Roman Storm, one of the developers of Tornado Cash, and pledged an additional $750,000 in community donations. Storm's team stated that this amount is sufficient to cover his remaining legal fees. The Foundation expressed on X: "Privacy is reasonable, writing code is not a crime." Storm will face trial next month for alleged conspiracy to commit Money Laundering and violating U.S. sanctions.

Odaily News: US prosecutors have moved to prevent expert witness Roman Storm, founder of Tornado Cash, from testifying, claiming it would waste the jury's time and confuse jurors about privacy, tokenomics, and KYC. The case has evolved, with the Department of Justice dropping the unlicensed money transmission charges but retaining the money laundering charges, and ceasing to refer to Tornado Cash as a financial institution. Storm warned: if I lose, DeFi will go down with me. The Ethereum Foundation has provided $500,000 for Storm's defense and will match $750,000 in community donations, emphasizing that privacy is normal and writing code is not a crime. The case will be heard in less than 30.

The U.S. prosecutor opposes the appearance of expert witness Roman Storm, the founder of Tornado Cash, claiming it would confuse the jurors' understanding. The prosecutor has dropped the "unlicensed money transfer" charge but retains the money laundering charge, with the trial set to begin on July 14.

Odaily News The Ethereum Foundation announced it will provide up to $1.25 million in funding to support the legal defense of Tornado Cash co-founder Roman Storm, which includes $500,000 in direct assistance and up to $750,000 in community matching donations. Roman Storm will be tried in U.S. federal court on July 14, facing charges of operating a remittance business without a license, money laundering, and violating sanctions. The foundation emphasized, "Privacy is normal, writing code is not a crime," and this move is seen as a key stance in support of Open Source and Web3 privacy freedom. Previously, Vitalik Buterin had donated 50 ETH to support Storm's defense.

PANews, June 14 - According to The Block, Tornado Cash co-founder Roman Storm is raising defense funds for the trial that will begin on July 14 in New York. The Ethereum Foundation announced a donation of $500,000 and pledged to match community donations up to a maximum of $750,000. The foundation stated, "Privacy is normal, and writing code is not a crime."

Golden Finance reports that Tornado Cash co-founder Roman Storm is raising defense funds for the trial set to begin on July 14 in New York, with a target amount of $2 million. The Ethereum Foundation has announced a donation of $500,000 to support Roman Storm's defense. The Ethereum Foundation also stated that it will "receive up to $750,000 in additional donations from the community."

Gate News bot news, according to Wu's report, the Ethereum Foundation has donated $500,000 to Roman Storm's legal defense fund. Meanwhile, the Foundation also announced the launch of a matching donation program, with a cap of $750,000 for matching donations, in line with community contributions. In this donation statement, the Ethereum Foundation emphasized the importance of privacy as a fundamental right and pointed out that writing code should not be considered a criminal act. Currently, supporters can participate in Roman Storm's legal defense fund donations through the Juicebox platform.

Introduction A global cryptocurrency storm is sweeping across, with governments around the world imposing increasingly stringent regulations on cryptocurrencies, constraining the development space of digital assets like a tightening spell. Virtual currencies such as Bitcoin are facing unprecedented challenges, and the wave of exchange closures is forcing investors into a predicament. However, the innovative potential of blockchain technology still exists, and this storm may reshape the cryptocurrency ecosystem, leading the industry towards a more regulated future. Global Ban on Cryptocurrency: The Tightening Grip of Governments In recent years, the global cryptocurrency market has faced unprecedented challenges, with governments around the world tightening regulatory policies on virtual currencies. The ban on cryptocurrencies has acted like a tightening curse, firmly constraining the development space of digital assets. This wave of bans has swept across the globe, having a profound impact on the cryptocurrency industry. Bitcoin Becomes a Prisoner: The Wave of Exchange Closures and the Predicament of Investors Under the influence of the ban on currencies policy, many well-known cryptocurrency exchanges have been forced to shut down or withdraw.

In the past 24 hours, more than 223,300 traders in the cryptocurrency market have been liquidated by more than $980.9 million, of which $876.23 million have been liquidated by longs. Vincent Liu, chief investment officer at Kronos Research, said: "The $980 million liquidation event is a perfect storm unleashed by the Trump-Musk dispute, macro concerns caused by tariffs, and an over-leveraged market. The structural vulnerability of cryptocurrencies, automated liquidation can quickly snowball, turning a sentiment-driven decline into a quick market unwinding. Liu said the liquidation of long positions showed that over-leveraged traders were "caught off guard" by the BTC and ETH plunge, and that excessive bullishness exacerbated the market pullback to the detriment of investors.

Trump's announcement to double steel and aluminum tariffs has raised market concerns, impacting metal prices; the escalation of the Ukraine-Russia conflict is driving gold buying; Bitcoin remains in high-level fluctuations, with investors on the sidelines; it is recommended to follow BTC price movement to prevent falling below $102,700. The market is in a period of policy and geopolitical uncertainty, and attention should be paid to capital flows and safe-haven assets, controlling risks while waiting for a clear market direction.

Odaily News Olu Sonola, an analyst at Fitch, pointed out in a report that the Federal Reserve may see the mild personal consumption expenditure inflation report as the "calm before the storm." He wrote: The Federal Reserve will continue to wait for the storm to arrive—unless consumer spending contracts significantly and the unemployment rate rises rapidly. Sonola stated: "This report shows that American consumers remain resilient." (Jin10)

According to Gate.io News bot, Decrypt reported that the U.S. Department of Justice's legal proceedings against Tornado Cash co-founder Roman Storm are still ongoing. The Department of Justice maintains charges against Storm for conspiracy to commit Money Laundering, evading sanctions, and transmitting criminal proceeds, but has dropped some charges related to unlicensed fund transfers. In the previous lawsuit, Storm defended its development of Tornado Cash on the grounds of the First Amendment, but the court ruled that using code to implement Money Laundering is not protected by freedom of speech.

Leaders in the encryption industry jointly call on the White House to stop prosecuting open source software developers, believing that developers cannot control third-party use of their code and should not bear criminal responsibility. More than 70 industry professionals support this initiative, including representatives from companies such as Paradigm, The Block, and Multicoin Capital.

According to news from the Gate.io News bot, major American tech giants such as Meta, Microsoft, Amazon, and Apple will successively release their latest financial reports this week. The market is particularly focused on their Supply Chain status and the potential tariff impacts on imported products. Industry analysts point out that in the midst of the tariff storm, Amazon and Apple may bear the brunt of the impact. Amazon, as the world's largest cross-border e-commerce platform, will release its financial report after the market closes on Thursday (May 1). Its market revenue, which relies on Asian suppliers and retailers, may face severe impacts from tariffs. Apple, which will also announce its financial report on the same day, has temporarily benefited from consumer pre-purchases, but once tariffs are fully implemented, it will face dual challenges of rising supply chain costs and declining consumer demand.

Odaily News Macroeconomist Lyn Alden stated that following President Trump's announcement of tariffs, the predicted price of Bitcoin has been slightly adjusted downwards, but it is still expected that Bitcoin will end 2025 at a price higher than the current $85,000. Alden believes that if a "massive liquidity release" occurs, Bitcoin could reach more optimistic targets, similar to the global economic cycle from 2003 to 2007. (Cointelegraph)

Jin10 reported on April 11 that Bridgewater founder Ray Dalio stated that the recent turmoil in the global markets has left investors with a sense of trauma, shock, or fear. "This has greatly affected investors' psychology and attitude towards the reliability of the United States," he said in an interview, "It could have been handled better." In his view, the weakness of the dollar and the performance of the 30-year U.S. Treasury bond compared to the 10-year bond are worth watching to see if investors begin to abandon these assets that have long been viewed as the safest in the world. "In fact, what I worry most about is the fundamental supply and demand situation of bonds," he said.

Citigroup's chief economist Josh Williamson stated that if the Trump administration does not change the tariff rates and geographic scope, global GDP rise will decline, potentially continuing until the U.S. midterm elections at the end of 2026. He believes that the indirect impact of Australia's major regional trading partners could be significant, and the potential risks may lead the Reserve Bank of Australia to cut interest rates more than the expected number in May and August.