ahailam7vaa

@ahailam7vaa

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Perfect afternoon treat: coffee and cake today.

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Smith said this is the most pro-crypto Congress to date, and the resolution passing through the Senate was the first time the sentiment had been converted into action.

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“DeFi is an American strategic strength, and today’s action helps ensure it will continue to develop on home soil,” Smith added.

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“The effort to repeal this rule should be seen as part of a broader move to keep crypto in the US,” she said.

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Analysts attribute the current decline to macroeconomic concerns related to a potential trade war between the US and China caused by US President Donald Trump’s decision to impose import tariffs.

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Bitcoin risks more downside if it loses a “key” $75,000 support amid growing concerns over a potential trade war between the United States and China.

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Tenev said one of the biggest pain points for Robinhood’s retail investor base has been that they can’t capitalize on perhaps the “biggest technological revolution that we’ve ever seen” — artificial intelligence.

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However, rug pulls and insider schemes involving Solana-based memecoins are driving investor outflows and a decline in capital inflows on the popular blockchain network, a potential impediment to an altcoin rally.

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However, as the focus on compliance increases, the exposure of offshore crypto exchanges with Iranian services is on a steady decline.

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The increase was attributed to stolen funds, perpetrated by various hackers, including North Korea-linked Lazarus Group.

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Additionally, crypto-mixing services such as Tornado Cash pose a significant challenge to the enforcement of sanctions, given their ability to anonymize the source of transactions. While authorities managed to temporarily reduce the use of Tornado Cash, Chainalysis reported an uptick in its usage in 2024.

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Despite an increase in non-Know Your Customer (KYC) crypto exchanges, the sanctions enforcement resulted in an overall decline in inflows. The report states:

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The report also linked various other unlicensed Russian crypto exchanges and sanctioned entities to aid the alleged laundering of millions of dollars worth of illicit funds.

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Solana-based decentralized exchange (DEX) aggregator Jupiter announced the acquisition of a majority stake in Moonshot, an app that allows users to buy memecoins using Apple Pay.

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Today in crypto, Solana-based decentralized exchange aggregator Jupiter announced a majority stake in Moonshot, Nasdaq proposes a rule change for BlackRock’s spot Bitcoin ETF, and venture capital firm Andreessen Horowitz plans to leave the United Kingdom.

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It’s unclear whether Ulbricht intends to become a public figure in the crypto industry following his release. Major industry leaders, including former Binance CEO Changpeng “CZ” Zhao, have stepped back from their roles after being in prison — though in CZ’s case, he served his full four-month sentence rather than receiving a presidential pardon.

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Social media users and news outlets shared a photo of the Silk Road founder after his release from the US Penitentiary in Tucson, Arizona. At the time of publication, it did not appear as though he had made a public statement on Trump’s commutation of his sentence, nor posted on social media or his blog, which he updated from prison.

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News outlet CBS aired a documentary on Ulbricht in 2020 featuring an interview with his former girlfriend and FBI agents. Lionsgate also released a fictionalized version of the Silk Road founder’s story in 2021, starring actor Nick Robinson. Though the filmmaking duo Coen Brothers proposed a project based on Ulbricht’s life in 2016, the movie was never produced.

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Ulbricht created and operated the Silk Road darknet marketplace from 2011 until his 2013 arrest in a San Francisco Public Library. He was subsequently convicted of money laundering, computer hacking and conspiracy to traffic narcotics and sentenced to life imprisonment without the possibility of parole.

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According to Harris, the documentary, currently in post-production and expected to be released in 2025, will cover how Ulbricht “went from being a literal Eagle Scout to the center of a global manhunt.” Tulis suggested the film could help clear up “many misconceptions” about the Silk Road founder and the events leading to his arrest.

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