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Share link:In this post: The DOJ is considering charges against Dragonfly executives over their 2020 investment in Tornado Cash. Roman Storm’s defense team plans to call doctors and a Chainalysis expert before closing arguments. Dragonfly’s managing partner denies wrongdoing and warns that prosecution could harm crypto investment in privacy tools.
Share link:In this post: President Trump said there’s only a 50-50 or lower chance of reaching a trade agreement with the EU, even though Brussels is eager to strike a deal. The EU is pushing for a compromise to avoid U.S. tariffs set to begin August 1 but hasn’t revealed what it might offer in return. Some suggest modeling a deal on the U.S.-Japan trade pact. Trump will open a new golf course in Scotland and meet UK Labour leader Keir Starmer and Scottish First Minister John Swinney to discuss Ukraine, de
- 10:47Bitwise CIO: Factors such as government accumulation of Bitcoin and Fed rate cuts have yet to be fully priced in by the marketAccording to ChainCatcher, The Block reports that Bitwise Chief Investment Officer Matt Hougan stated that although the cryptocurrency market is in a bull run, there are still four important developments that have not been fully priced in by the market. These factors include: The increasing prospect of governments purchasing Bitcoin, with central banks such as the Czech Republic quietly making moves; The possibility that the Federal Reserve may implement more aggressive interest rate cuts than expected before the end of the year; Significantly reduced volatility following the launch of spot Bitcoin ETFs, prompting institutional investors to consider allocating 5% or more of their portfolios to Bitcoin; The potential arrival of the ICO 2.0 era under the "Project Crypto" initiative led by SEC Chairman Paul Atkins in the US.
- 10:32700 Million USDT Transferred from an Exchange to Tether TreasuryAccording to a report by Jinse Finance, @whale_alert monitoring shows that at 18:09 (UTC+8), 700 million USDT (worth $700,166,249) were transferred from an exchange to the Tether Treasury.
- 10:02Analyst: ADA Expected to See a Massive 150% Bullish Rally in the Coming WeeksAccording to a report by Jinse Finance, analysis from Clifton Fx indicates that Cardano’s latest price movement has confirmed a bullish breakout from a months-long bull flag pattern on the three-day chart. This breakout occurred after ADA’s price steadily climbed from the descending trendline and is now breaking through a key resistance level. From a technical perspective, such breakouts typically signal the continuation of a strong upward trend. Clifton Fx currently forecasts a “large-scale bullish rally of 100%-150%” in the coming weeks. In other words, if the momentum persists, ADA’s price could rise to the $1.60 to $1.75 range. These levels were last seen during the rally at the beginning of 2024.