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Alexey Pertsev will be released from prison today under electronic monitoring as he continues to appeal his money laundering conviction linked to Tornado Cash. His release comes after months of unsuccessful bail requests and growing concerns over how the legal system treats privacy-focused crypto developers. Pertsev Plans on Focusing on His Appeal Pertsev confirmed the news in a February 6 post on X: “Dear Friends, on Friday 7 February at 10 am I will be free! It is not real freedom, but it is better than prison,” it said. He explained that a Dutch court had suspended his pretrial detention under electronic monitoring. The Tornado Cash developer added that this would allow him to focus on his appeal and fight for justice. In August 2022, the U.S. Treasury imposed sanctions on the crypto mixer, accusing it of enabling the laundering of over $7 billion since 2019. Pertsev was later arrested in the Netherlands that same month. He was charged with money laundering and facilitating illicit financial transactions through the platform. In May 2024, a Dutch court found him guilty and sentenced him to 64 months in prison. Following his arrest, the Russian national started actively appealing his conviction and asking for bail. Despite multiple attempts, his requests were denied. His defense maintains that he created open-source software and should not be criminalized for its misuse. Debate Over Developer Liability The case has fueled debate over financial privacy and whether software developers should be held liable for how their code is used. Pertsev’s case gained momentum after a U.S. federal appeals court ruled in November 2024 that sanctions against Tornado Cash were unlawful. A January 21 court filing confirmed that the district court judgment had been overturned and sent back for further review. The decision boosted arguments from privacy advocates who claim that developers should not be punished for actions beyond their control. Ethereum co-founder Vitalik Buterin has voiced concern over Pertsev’s prosecution, calling it a troubling precedent for developers. Speaking at a Berlin conference last year, he said, “The situation with Alexey is quite unfortunate.” He added that many believed building software was a legitimate and legal way to protect privacy. Buterin has also made several ETH donations to the 31-year-old’s legal fund through the decentralized fundraising platform Juicebox. The post Alexey Pertsev to Be Released from Prison Today With an Electronic Monitor appeared first on CryptoPotato.

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A crypto analyst hinted at a potential price decline if bearish factors remain in the market. As bulls lose steam, Bitcoin (BTC) traders have faced consistent sell pressure in the last 72 hours. This led to a free fall in Bitcoin and altcoin prices below multiple resistance. The crypto market leader trades at $97,752, falling 3% today and 5% in the last seven days. Experts Point Potential New Level Amid the present market conditions, crypto trader Ali Martinez says the $92,180 has become critical support for the BTC price. Whales threaten This mark by dumping assets and moving funds to centralized exchanges. Per the Market Value to Realized Value (MVRV) bands, $74,400 becomes the next target if the price fall continues. Furthermore, the indicator shows that Bitcoin and the broader crypto market have faced a negative impact since the start of the year. This weakness has dropped metrics below the points needed for an upward swing to the cycle peak. With experts’ caution warnings, traders project sideways until positive sentiments dominate macro markets. This year, Bitcoin’s price dropped below $100k during recurring dips that wiped out billions from the market. From its all-time high above $107K, the asset trades above $96K, recording dwindling support levels. It should be noted that the start of the year came with rising optimism following the outcome of the US Presidential elections and soaring institutional interests. Institutional investment has slowed further, plunging the asset’s price. Based on growing institutional demand, crypto traders marked a $150K bull point. Although present factors constitute a roadblock, the flipside effects could spur a higher price run above the 2024 level, where it hit multiple all-time highs. Funding Rates Threaten Price Climb While growth metrics emerge, certain factors limit its space, adding to macro effects on the market. On-chain data shows a decline in open interests, leading to forced liquidations. Traders are also taking short positions due to plummeting funding rates as bear sentiments spike. “The price is dropping below the accumulation structure, meaning support levels are breaking, triggering panic selling in the market… This situation can be interpreted as small investors being stopped and removed from the market while large players continue accumulating during the dip. It is a classic case of market manipulation or a “whales’ accumulation phase,” TraderOasis wrote. #BTC

Jupiter Joint Creation: All key treasuries and contract upgrades are controlled by globally distributed multi-signatures, and user funds are risk-free Jupiter co-founder meow posted an update on X regarding the theft of the official X account, saying: "This is very, very serio…