Prix de MAGA (magamemecoin.com)TRUMP

According to Messari, since ATH, the average decline of five well-known celebrity coins, MOTHER, DADDY, TRUMP, MELANIA and JAILSTOOL, has reached 78%, of which TRUMP has fallen by more than 60% and MELANIA has fallen by more than 80%. MOTHER and DADDY have never returned since reaching ATH in June-July 2024, and their declines have exceeded 80%.

Crypto investment firm Grayscale has filed to list a Cardano (ADA) exchange-traded fund (ETF) on the New York Stock Exchange. This marks a significant move for Grayscale, which previously broke through U.S. regulators' resistance against bitcoin ETFs but has not yet offered a standalone ADA investment vehicle. The shift in the U.S. Securities and Exchange Commission's (SEC) approach under U.S. President Donald Trump’s administration, from stringent regulation to a more accepting stance towards the crypto industry, has encouraged issuers like Grayscale to pursue ambitious projects. Recently, Grayscale also filed for Solana and XRP ETFs, aiming to convert its existing crypto trust products into more accessible ETFs, while the ADA ETF would be a completely new offering. Investor interest in Cardano's flagship asset, ADA, remains robust, with the cryptocurrency ranking among the largest by market capitalization, valued at $25 billion at the time of reporting. Following the announcement from Grayscale, ADA's price increased by 1.5%, reaching 71 cents. Market analysts are increasingly optimistic that the SEC will soon approve altcoin ETFs, given the current regulatory climate. However, the prospect of an ADA ETF had not been widely anticipated by industry commentators, despite the coin's widespread popularity. Grayscale has not yet responded to requests for further comments on this development.

According to Bloomberg, several top Wall Street banks are optimistic about the development prospects of the crypto industry during Trump's potential term and are actively adjusting their strategies to deploy cryptocurrency businesses. Trump's support for the crypto industry may…

Macroeconomic factors pose a threat to crypto traders as tightening liquidity looms. Bitcoin, the largest crypto by market cap, has recorded significant gains since the United States elections, leading to bullish projections this year. However, recent price corrections and liquidity concerns could spell a short-term sting for the crypto market. The crypto market slumped 6.41% to $3.13 trillion, with billions in value liquidated. Fund flows are recorded in other financial assets on the heels of rising stocks and trader repositioning. Bitcoin has marked a short-term impact wiping out weekly gains and falling short over 5% in the last 24 hours. Crypto Analysts Flags Liquidity Concerns Financial analysts at cryptocurrency firm Matrixport highlighted the possible effects of a global shift in liquidity in Bitcoin and other crypto assets. This comes on the heels of a second term for Trump as President and the strengthening dollar. The dollar position has tightened its denominated liquidity, with traders flagging a consolidated phase. Per Matrixport analysts, the short-term headwinds come as liquidity changes can lead to BTC price movements in the 13-week range. This period clashed with anticipated price upticks, and events flipped positive in Q4 2024. The window for caution creates a dilemma for bulls, highlighting less favorable indicators. A major concern is the sharp decline of altcoins tipped for a bull peak in January. With total values down 10%, crypto traders will move slowly out of the red zone. Matrixport explained that previous metrics have shown liquidity indicators to be less favorable. “However, we anticipate this consolidation to be temporary, as the broader outlook for risk assets, particularly Bitcoin remains constructive. That said, traders may exercise greater caution when liquidity indicators are less favorable as these metrics have proven to be reliable leading indicators in the past.” Traders Pushed Towards Major Win Despite the recent liquidity squeeze, crypto traders are bound to have a bullish 2025 based on U.S. macro factors. Anticipated regulatory ease in the country is expected to usher in new inflows. Donald Trump has also expressed support for Bitcoin and other assets, restating plans to make the country a global leader. Most crypto commentators placed a yearly bull price range between $150k to $200k on the back of institutional demand. The approval of Bitcoin ETFs and a switch in traditional finance exposure rallied crypto markets to new highs with similar growth patterns this year.

The post Tornado Cash Co-Founder Released From Prison, Plans to Focus on Appeal appeared first on Coinpedia Fintech News After Donald Trump pardoned Silk Road founder Ross Ulbricht, calls from the crypto community for the release of the Tornado Cash co-founders surged, drawing significant attention. This momentum led to the release of Alex Pertsev, a developer of the cryptocurrency mixer Tornado Cash, from pretrial detention in the Netherlands. Facing money laundering charges, Pertsev has been released under electronic monitoring, enabling him to prepare his appeal. TORN Rallies As Regulator Releases Tornado Co-founder Alex Pertsev, co-founder of the cryptocurrency mixing service Tornado Cash, has announced that a Dutch court has put a hold on his pretrial detention and allowed him to switch to electronic monitoring as he gets ready to appeal. Alex said, “Freedom is priceless, but my freedom cost a lot of money. My house arrest was only possible thanks to the work of lawyers, who were paid from your donations. My fight is not over yet and for a final and confident victory I still need your help.” The announcement led to a surge in the price of Tornado Cash’s token, TORN, which jumped nearly 20% before settling at $13.72. Dutch authorities arrested Alex Pertsev in August 2022 following U.S. sanctions against Tornado Mixer and its developers. Pertsev faced charges of facilitating money laundering and being negligent in preventing illegal financial activities on the platform. In May 2024, a Dutch court sentenced Pertsev to five years in prison, finding that his involvement with Tornado Cash helped launder criminal funds. The court acknowledged that Tornado Cash could be a neutral tool, but stated that developers had a responsibility to prevent its misuse. After his arrest, the Russian national began actively appealing his conviction and requesting bail. Despite several attempts, his bail requests were continually denied. His defense argues that he merely created open-source software and should not be criminalized for how others choose to use it. Debate Continues Over Developer’s Liability On November 26, the Fifth Circuit Court of Appeals directed the US Treasury’s Office of Foreign Assets Control (OFAC) to remove addresses linked to Tornado Cash from its list of blocked individuals and entities. This decision was viewed as a major victory for Pertsev and Roman Storm, another developer of Tornado Cash who was arrested in August 2023 and is awaiting trial. Also read: Ethereum Community Backs Developer and Tornado Cash Co-founder, Calls for Trump’s Assistance The court noted that sanctioning the protocol wouldn’t stop malicious actors from using it since smart contracts operate independently and cannot be owned, controlled, or changed. The ruling also suggested that legislation be updated to better regulate the use of crypto-mixers. Advocates argue that these services are mainly intended to protect user privacy. However, there have been many cases where criminals have used these services to launder money, which has drawn the attention of law enforcement agencies around the world.