Former United States Securities and Exchange Commission (SEC) Chair and acting U.S. Attorney for the Southern District of New York, Jay Clayton, issued a statement following the conviction of Tornado Cash developer Roman Storm on Tuesday. Jay Clayton Speaks Out On Tornado Cash Verdict In the August 6 statement, Clayton vowed that SDNY is “committed to holding accountable” people who “exploit emerging technologies to commit crime.” Founder of Tornado Cash convicted. “The speed, efficiency, and functionality of stablecoins and other digital assets offer great promise, but that promise cannot be an excuse for criminality,” said USA Jay Clayton. https://t.co/NbA3B7SVDI — US Attorney SDNY (@SDNYnews) August 6, 2025 “Roman Storm and Tornado Cash provided a service for North Korean hackers and other criminals to move and hide more than $1 billion of dirty money,” said U.S. Attorney Jay Clayton. “The speed, efficiency, and functionality of stablecoins and other digital assets offer great promise, but that promise cannot be an excuse for criminality,” he added. “Criminals who use new technology to commit age-old crimes, including hiding dirty money, undermine the public trust, and unfairly cast a shadow on the many innovators who operate lawfully.” Roman Storm’s Sentencing Date Has Yet To Be Set Clayton’s statement comes shortly after Storm was convicted on one count of operating an unlicensed money transmitting business. However, the jury was unable to reach a consensus on the charge of conspiracy to commit money laundering and sanctions violations, resulting in a partial mistrial. Storm is currently facing five years in federal prison for the money transmitting charge, though his sentencing date has yet to be set. Storm and his fellow Tornado Cash co-founder, Roman Semenov, were indicted in August 2023 on criminal charges tied to the crypto mixer, sparking debate over whether the technology was simply a privacy tool or something more nefarious. Storm rallied support from crypto privacy advocates in the lead-up to his trial, calling his legal battle one of “fairness, open-source, and freedom.” According to the Free Roman Storm website , contributions to Storm’s defense have exceeded $4.7 million, nearly reaching his $5 million goal. The post SDNY U.S. Attorney Jay Clayton Issues Statement On Roman Storm Conviction appeared first on Cryptonews .
U.S. President Donald J. Trump has signed a new Executive Order to expand access to alternative assets for 401(k) retirement plan investors. With this move, Trump took a significant step towards fulfilling his promise to make the United States the “crypto capital of the world,” according to a document published by the White House. The executive order signed today allows contribution-based retirement plans like 401(k)s to invest in alternative asset classes, such as cryptocurrencies, private equity funds, real estate, and more. This will allow investors to achieve greater returns and diversification beyond traditional market instruments. Related News: BREAKING: Donald Trump's Choice for Vacant Seat on the Fed Has Been Revealed - Here Are His Views on Bitcoin The executive order directs the Secretary of Labor to revise existing guidance on fiduciary duty for alternative investments in retirement plans governed by ERISA. It also seeks to clarify the fiduciary procedures that must be followed when incorporating such investments into mutual funds. The order also requires the Department of Labor to collaborate with the Treasury Department, the Securities and Exchange Commission (SEC), and other regulatory agencies to consider parallel regulatory changes. The SEC was also instructed to update regulations that would facilitate access to alternative assets for individual-managed contribution-based retirement plans. *This is not investment advice. Continue Reading: And Donald Trump Signs Historic Order: US Retirement Plans Will Be Able to Purchase Cryptocurrency
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Top markets on Myriad this week include predictions on the price of Bitcoin and markets with connection to the Ethereum founders.
A widely followed crypto analyst says that Ethereum ( ETH ) is experiencing intense demand and should see positive price action in the near future. In a new strategy session, the pseudonymous crypto trader Pentoshi tells his 877,100 followers on the social media platform X that the top altcoin is experiencing unquenchable demand and should soon hit a new all-time high (ATH) price. “ETH breaking out again. You love to see it. An insatiable black hole of demand.” Source: Pentoshi/X According to Pentoshi, though the second-largest digital asset is on its way to a new ATH, it could be a bumpy ride along the way. “ETH probably new ATH in the very near future, not a matter of if, but when at this point with the strongest FA (fundamental analysis) and demand in years as tailwinds. The hardest part is the patience side of it as there will be fake-outs along the way, just like we’ve seen.” Source: Pentoshi/X The trader then notes that Ethereum’s supply on crypto exchange platforms is at the lowest it’s been since the token launched its initial coin offering (ICO), leading to a scenario where ETH could shoot straight up. “Since [July 17th]. ETH has now hit a new nine-year low on exchanges. The last time it was this low was the ICO. Of course, supply can come in. But let’s not discount the fact that if this demand keeps up things can potentially get crazy irrational. Nothing we haven’t seen before.” Source: Pentoshi/X However, Pentoshi concludes by saying that traders need to be patient with ETH as he sees it consolidating for a while. “We’ve had a lot of big moves lately especially for ETH. I could see us consolidating in a large range for awhile while we work through the ETH installing queue and general supply. Higher prices always unlock supply. That takes time to turnover.” Ethereum is trading for $3,817 at time of writing, a 5.5% increase during the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/Natalia80 The post Ethereum Experiencing an ‘Insatiable Blackhole of Demand,’ According to Crypto Trader – Here’s His Outlook appeared first on The Daily Hodl .
BitcoinWorld Bitcoin Price Surges Past $117,000: What’s Next for the Crypto Market? Excitement is building across the cryptocurrency world as the Bitcoin price has once again demonstrated its impressive strength. Recent market monitoring confirms a significant upward movement, pushing BTC past a crucial psychological barrier. This notable BTC surge is capturing the attention of investors and analysts alike, as it suggests a renewed bullish sentiment in the broader crypto market. Understanding the Recent Bitcoin Price Movement According to real-time data from Bitcoin World market monitoring, the leading digital asset, Bitcoin (BTC), has climbed above the $117,000 mark. Specifically, on the Binance USDT market, BTC is currently trading at $117,007.8. This milestone is more than just a number; it reflects the ongoing confidence and demand for Bitcoin, a key indicator of evolving crypto market trends . What does this mean for the average investor? A sustained push beyond such resistance levels often signals a strong buying interest and potentially sets the stage for further gains. It encourages a closer look at the underlying factors driving this momentum. What’s Fueling This Digital Asset Value Growth? Several factors typically contribute to a significant digital asset value increase like the one we are witnessing with Bitcoin. While specific catalysts are always under scrutiny, general market dynamics play a crucial role. These can include: Institutional Adoption: Growing interest from large financial institutions and corporations continues to bring new capital into the crypto space. Macroeconomic Factors: Global economic conditions, inflation concerns, and interest rate policies can push investors towards alternative assets like Bitcoin. Technological Developments: Ongoing advancements within the Bitcoin network and the broader blockchain ecosystem can enhance its appeal and utility. Halving Cycle Anticipation: The inherent scarcity mechanism of Bitcoin, particularly the halving events, often creates anticipation and upward price pressure. Each of these elements contributes to the narrative of Bitcoin as a valuable, resilient asset in a volatile global economy. Navigating Cryptocurrency Investing in a Rising Market For those involved in cryptocurrency investing , a rising market presents both opportunities and considerations. While the current Bitcoin price trajectory is encouraging, it is always wise to approach the market with a well-informed strategy. Volatility remains a characteristic of the crypto space, and prices can fluctuate rapidly. Here are some actionable insights for investors: Do Your Research: Always understand the assets you are investing in. Diversify Your Portfolio: Do not put all your eggs in one basket. Set Clear Goals: Define your investment objectives and risk tolerance. Stay Informed: Keep up with the latest crypto market trends and news. A measured approach helps in capitalizing on gains while mitigating potential risks. The Road Ahead for Bitcoin and Crypto Market Trends The recent BTC surge above $117,000 is a significant event, reaffirming Bitcoin’s position as a dominant force in the financial landscape. This strong performance often acts as a bellwether for the entire cryptocurrency market, influencing the trajectory of other altcoins and overall investor sentiment. As the digital asset value continues to evolve, understanding these movements becomes critical for anyone looking to participate in this dynamic space. The journey of Bitcoin is far from over, and its ability to consistently break new ground keeps the world watching. Whether you are a seasoned investor or new to cryptocurrency investing , these milestones provide valuable insights into the market’s health and future potential. The current momentum suggests a period of heightened interest and activity, making it an exciting time for the crypto community. Frequently Asked Questions (FAQs) Q1: What does it mean for Bitcoin to rise above $117,000? A: It signifies strong buying pressure and positive market sentiment, often indicating that Bitcoin has overcome a significant resistance level and may be poised for further gains. Q2: What factors are typically driving the current Bitcoin price surge? A: Factors often include increased institutional adoption, favorable macroeconomic conditions, anticipation of Bitcoin halving events, and ongoing technological advancements in the blockchain space. Q3: Is now a good time for cryptocurrency investing? A: While the current market shows positive momentum, investment decisions should always align with your personal financial goals and risk tolerance. It’s crucial to conduct thorough research and consider consulting a financial advisor. Q4: How does Bitcoin’s performance impact other digital assets? A: Bitcoin often acts as a market leader. A strong BTC surge can positively influence the prices of other cryptocurrencies (altcoins) as investor confidence in the overall crypto market grows. Q5: Where can I monitor the real-time Bitcoin price? A: You can monitor the real-time Bitcoin price on various reputable cryptocurrency exchanges and market data platforms, such as Binance, Coinbase, and dedicated crypto news sites like Bitcoin World. Did you find this article insightful? Share it with your friends and fellow crypto enthusiasts on social media to spread the word about Bitcoin’s exciting rally! To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Price Surges Past $117,000: What’s Next for the Crypto Market? first appeared on BitcoinWorld and is written by Editorial Team
On Thursday, Chainlink announced the creation of the Chainlink Reserve, an onchain repository of LINK tokens funded by network revenue to support long-term growth. Chainlink Reserve Holds $1M+ LINK, Aims to Grow The reserve accumulates LINK tokens using offchain payments from large enterprises adopting Chainlink services and fees from onchain usage. This process relies on
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Key Takeaways: Binance’s new Mastercard feature is part of a growing trend of exchanges embedding with traditional finance infrastructure. Only euro-based cards are supported for now, but additional currencies may follow pending regulatory and operational factors. Direct card payouts can reduce reliance on banking intermediaries, changing how users access crypto liquidity. Binance users in Europe can now convert cryptocurrency to fiat and move the funds to a Mastercard in near real-time, according to a press release shared with Cryptonews.com. The new feature, available on both the Binance website and app, is powered by Mastercard Move and expands the exchange’s fiat off-ramping options. Users can choose to either sell their crypto for fiat and send it to a Mastercard, or withdraw an existing euro balance directly to the card. Binance Offers Euro Withdrawal Options Thomas Gregory, Vice President of Fiat at Binance, said, “The new Sell to Card and Withdraw to Card features streamline and enhance the user experience, making payouts of crypto proceeds simpler and faster than ever for our users.” Quickly access your funds with Binance’s Sell to Card feature — simple, secure, and fast off-ramping. Convert crypto to fiat and withdraw it directly to an eligible Mastercard with near-real time availability. Find out more https://t.co/iln5qhoCC6 pic.twitter.com/xq60SVhyGH — Binance (@binance) August 7, 2025 Both options are currently limited to euro transactions , with support for additional fiat currencies expected in the future. Gregory added, “Our goal is to continue expanding our services with global leaders and innovators in digital payments, like Mastercard, to widen access and possibilities for our broad global user base.” Partnership with Mastercard Move Scott Abrahams, executive vice president of Global Partnerships at Mastercard, said, “Through our global partnership with Binance, we are thrilled to bring an enhanced payout experience to Binance users across Europe, enabled through Mastercard Move.” The feature offers an additional off-ramp alongside existing methods such as bank transfers. Binance said the rollout is part of its broader efforts to improve transaction efficiency and compliance while offering more options for everyday spending. Regulatory clarity around crypto-to-fiat conversions remains uneven across jurisdictions. As exchanges partner with traditional payment networks, differences in local compliance standards could influence how widely similar services are deployed beyond Europe. The rise of direct card-based withdrawals shows a shift in how crypto platforms approach consumer access. While such tools simplify spending, they also increase scrutiny from regulators and banks tasked with monitoring cross-border flows and ensuring adherence to anti-money laundering requirements. Frequently Asked Questions (FAQs) How might direct card withdrawals affect crypto taxation in Europe? Real-time conversions to fiat may trigger immediate taxable events. Users should track transactions closely to remain compliant with local tax rules. Will Mastercard expand these services beyond Binance? Possibly. Mastercard has ongoing collaborations across the crypto sector and may support similar services with additional platforms. How could this impact competition among crypto payment providers? Exchanges that integrate smoother fiat access may gain a user retention edge, pushing others to upgrade their own payout systems. The post Binance Taps Mastercard for Real-Time Euro Crypto Cash-Outs – Global Rollout Next? appeared first on Cryptonews .
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