Tornado Cash Developer Sentenced to 5 Years in Prison, LayerZero Succeeding Against Sybils

May 14, 2024

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CRYPTO MARKET UPDATE AFTER ANOTHER DAY OF SIZEABLE OUTFLOWS FROM ETHE 4.58% , THE GRAYSCALE-ISSUED ETF NOW RETAINS JUST 85% OF THE AUM IT BEGAN WITH ON TUESDAY. However, crypto has rallied strongly since the US market closed yesterday, with BTC 2.89% briefly moving above the $68k level, ETH 2.35% rebounding sharply to $3,250, and SOL 3.26% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...

CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH 2.35% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC 2.89% to Bitstamp, leaving about 90k BTC 2.89% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC 2.89% is trading around $66.5k,...

CRYPTO MARKET UPDATE U.S. EQUITIES ARE CONTINUING THIS WEEK’S SELL-OFF, WITH THE SPY 1.11%  AND QQQ 1.08%  BOTH DECLINING APPROXIMATELY 0.28%, WHILE THE DXY N/A% AND TREASURY YIELDS INCH UPWARDS. In contrast, BTC 2.89% is moving sharply higher, trading at $65.8k, with rumors circulating that former President Trump will unveil plans to add Bitcoin as a strategic reserve at next week’s Bitcoin conference. ETH 2.35% is trading at $3,450 ahead of potential S-1 approval after...

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Ray: 20204f-763c0e-1bd273-5fa092-b74a0b