03:14 2025-06-17
Paradigm calls on jury to rule cautiously in Tornado Cash caseAccording to Cointelegraph, Paradigm filed an amicus curiae opinion in a New York court in support of Tornado Cash co-founder Roman Storm, calling on the jury to accurately understand the legal definition of "money transfer business".
Paradigm emphasizes that Storm, as a software developer, does not control user funds, and prosecutors allege that it violates current laws and FinCEN guidelines.
Paradigm warns that if Storm is convicted, it could have a chilling effect on encryption, AI, and open-...
03:05 2025-06-17
Analysis: SEC may intervene to investigate violations of pump.fun operationsThe official X account of pump.fun and its founder Alon Cohen, as well as a number of other Meme-related accounts, have been suspended, prompting speculation in the crypto community about the platform, including concerns that the Securities Exchange Commission may intervene to investigate possible violations of the pump.fun's operations, but as of now pump.fun main platform is still operating, and in January pump.fun was hit by a class action lawsuit accused of offering and selling "highly volat...
02:47 2025-06-17
Bitcoin mining costs are expected to break through $70,000 in Q2, up about 9.4% from Q1.The latest report from TheMinerMag shows that the cost of bitcoin mining is expected to exceed $70,000 in the second quarter of 2025, an increase of about 9.4% from $64,000 in Quarter 1. This cost increase is mainly driven by the increase in network hash rate and the increase in energy prices, especially the energy costs of mining companies such as Terawulf have doubled compared to the same period last year.
02:26 2025-06-17
Ark Invest sells $51.70 million Circle sharesCathie Wood's Ark Invest sold 342,658 Circle shares worth $51.70 million through three ETFs on Monday. Circle shares rose 13.1 per cent to close at a record high of $151.06, nearly five times its $31 IPO price.