Tornado Cash co-founder Roman Storm faces trial after a U.S. federal judge denied his motion to dismiss amid serious money laundering charges. The judge ruled that the functional capability of code does not equate to speech protected under the First Amendment. Storm, alongside co-founder Roman Semenov, is accused of facilitating the laundering of over $1 billion through Tornado Cash, a service often used by cybercriminals.
In a recent interview, Senator Cynthia Lummis expressed that a Republican-controlled Senate could significantly benefit digital assets. She criticized the SEC’s regulatory approach, advocating for legislative clarity to replace enforcement actions that create uncertainty for industry players.
U.S. spot Bitcoin ETFs saw net inflows of $365.7 million on Thursday, the highest since July. This trend marks a robust recovery for these funds, with total net inflows reaching $862.4 million over the past six days. Ark Invest's ARKB led the inflow with $113.8 million.
On Friday, Bitcoin broke through the $66,000 barrier, driven by favorable inflation data. The Personal Consumption Expenditures (PCE) index showed a decline, enhancing optimism in the market.
Base, a Layer 2 Ethereum network, has surpassed $2 billion in total value locked, marking a remarkable growth trajectory. Aerodrome and Uniswap are key contributors to this milestone.
Next week, significant economic indicators will be released, including UK GDP figures and U.S. jobless claims. Notable speeches from ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell are also anticipated.
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