🚀 Daily Crypto Blast 🚀
OFAC vs. Tornado Cash:
The U.S. Fifth Circuit ruled that Tornado Cash's immutable smart contracts cannot be sanctioned as property, marking a win for privacy advocates while keeping Tornado Cash's broader designation intact.
Trump's Crypto Oversight Shift:
Reports suggest Trump may assign crypto oversight to the CFTC, reducing SEC's role and potentially creating a more favorable regulatory environment.
Avalanche Upgrade:
Avalanche9000, the blockchain's largest upgrade, is live on the testnet, introducing lower fees and $40M in grants to drive developer innovation.
EigenGov Launch:
EigenLayer debuts EigenGov, a governance model empowering councils while maintaining tokenholder veto rights, rethinking DAO frameworks.
ETH as Money:
ETH is positioning as the ultimate permissionless money with ultra-low inflation and strong alignment as a settlement layer.
Base Transaction Surge:
Coinbase's Base blockchain hits a record 9M daily transactions, showcasing explosive growth.
Morocco's Crypto Law:
Morocco drafts a regulatory framework, potentially legitimizing crypto use after its 2017 ban.
Kraken NFT Shutdown: Kraken will close its NFT marketplace by February 2025, shifting focus to other projects.