**Crypto Market Update: Optimism and Challenges**

- **Solana's Surge**: Asset management giant VanEck predicts Solana (SOL) could soar to $330, driven by its impressive scalability and transaction speed. Solana's throughput is 3,000% higher than Ethereum's, making it a strong contender in the crypto space.

- **Tornado Cash Trial**: Roman Storm, co-founder of Tornado Cash, will face trial after a judge denied his motion to dismiss charges. Storm is accused of money laundering and operating an unlicensed money-transmitting business.

- **SEC's Exchange Definition**: SEC Chair Gary Gensler announced changes to the definition of "exchange," sparking concerns in the crypto community. The new rules aim to include more market players but have faced criticism for potential impacts on digital asset trading.

- **Coinbase Clarifies cbBTC Terms**: Coinbase's chief legal officer assured users that the exchange would fully reimburse clients if the underlying Bitcoin (BTC) is lost, addressing recent concerns about their cbBTC Wrapped Bitcoin product.

- **Crypto Hack Losses Drop**: According to Immunefi, Q3 2024 saw a 40% decline in crypto hack and scam losses year-over-year, totaling $413 million. The largest hack was against WazirX, resulting in a $235 million loss.

Stay tuned for more updates on the evolving crypto landscape!