Tornado Cash Decision from the US Will Benefit These Altcoins the Most!
Tornado Cash, a cryptocurrency mixer that was placed on the OFAC sanctions list by the US Treasury Department in August 2022, received a positive decision from the US Court of Appeals yesterday.
The U.S. Court of Appeals overturned
the lower court's decision, stating that
OFAC exceeded its authority to
sanction Tornado Cash. The court
also noted that immutable smart
contracts are not property and cannot
be sanctioned under existing law.
After this decision, the price of Tornado Cash's token TORN experienced a huge increase, while 10X Research founder Markus Thielen evaluated the impact of the Tornado Cash decision.
Markus Thielen said that the US court's decision is seen as positive for the Ethereum and DeFi industry.
"Tornadi Cash sets a precedent that allows developers to create and deploy smart contract protocols without fear of sanctions, provided that no fees are charged," Thielen said.
Thilen stated that this decision will provide significant benefits for Ethereum and DeFi, saying:
"As Ethereum continues to be the leading blockchain for DeFi, the Tornado Cash decision is considered positive for the broader DeFi ecosystem and other altcoins on the Ethereum network in particular.
This decision could have huge implications for Ethereum and many other ETH-based altcoins."
TORN, which started to rise after the news, continues to be traded at $16.8 with an increase of over 300%.
#AltcoinMomentum
#ETH
🚀 Uniswap Hits Record $38B Volume! 🚀
- Uniswap (UNI) breaks its own record with a $38 billion monthly volume in November 2024, surpassing March's $34 billion.
- Ethereum layer-2 platforms like Arbitrum, Base, and Polygon powered this surge.
- Arbitrum led with $19.5 billion, followed by Base at $9.19 billion, and Polygon at $4.33 billion.
- UNI token surged 10% in 24 hours, riding a 44.87% weekly wave, now trading at $12.84.
- Solana also hit a record $109.73 billion DEX volume.
💬 What do you think this means for DeFi's future? Share your thoughts!
Is $SHIB Preparing for a Bullish Run or Falling Weak? - CoinPedia Analytics
SHIB is trading at $0.00002552, up 3.77% recently, and showing signs of forming a symmetrical triangle—a classic technical pattern hinting at a potential breakout. If SHIB breaks above resistance, it could aim for $0.00003255, a 32% increase. However, current indicators suggest the market is still undecided.
The Alligator Indicator reflects a lack of clear direction as its moving averages converge, signaling a neutral phase. Meanwhile, the True Strength Index (TSI) remains in the negative, pointing to fading bearish pressure. On the momentum front, the RSI is at 53.31, indicating the memecoin lacks the strength for an immediate breakout. The MACD histogram also confirms weak bullish momentum, though it hints at potential activity in the coming hours.
Trading volume is up 83.49%, showing increased interest but no definitive move. SHIB seems caught in a holding pattern, awaiting a catalyst. Whether it breaks out or consolidates further, the next few days promise to be pivotal. Keep an eye on price action and volume trends—this could be the calm before the storm.
Hong Kong's Bold Crypto Move: Tax-Free Gains for Wealthy Investors 🚀
Hong Kong has rolled out a game-changing proposal to lure high-net-worth individuals and institutional investors into its crypto market. Here’s what you need to know:
Tax Perks: Hedge funds, private equity funds, and family offices could enjoy tax exemptions on crypto gains, private credit investments, overseas property, and even carbon credits.
Strategic Goal: Cementing Hong Kong's position as a top global hub for digital assets, challenging rivals like Singapore and Switzerland.
Future Outlook: A potential surge in institutional crypto investments and a shift of family offices to Hong Kong due to favorable policies.
This ambitious move, currently under consultation, follows Hong Kong's crypto-friendly milestones like Bitcoin and Ethereum ETFs. Could this be the push that solidifies Hong Kong as the crypto capital of the world?
What’s your take on this initiative? Share your thoughts below!
#Crypto #Bitcoin #Investment #HongKong
#HaveYouBinanced
🚨 Breaking News: XT.com, the crypto exchange known for trading $3.4 million daily, has hit the pause button on withdrawals. The reason? An alleged $1.7 million hack—though they're calling it a "wallet upgrade and maintenance." 🤔
- PeckShield, a blockchain security firm, reported the hack, noting the hacker swapped the loot for 461.58 ETH.
- XT.com assures users their assets are safe, boasting reserves 1.5x greater than user assets.
- Stay tuned for updates as this crypto caper unfolds!
📈 Social Buzz Report: Top 15 Tokens by Social Volume (Today vs. Yesterday)
Social volume often indicates where attention—and potential action—is flowing. Here are today’s top 15 tokens by social buzz and how they compare to yesterday:
🔥 Top 15 Tokens by Social Volume
1. Bitcoin $BTC – 344,996 (-350)
2. Solana $SOL – 185,029 (-10,340)
3. Ethereum $ETH – 164,878 (-1,066)
4. Dogecoin $DOGE – 86,522 (-1,914)
5. XRP $XRP – 70,433 (-7,091)
6. Cardano $ADA – 37,750 (-147)
7. Pepe $PEPE – 36,385 (+701)
8. Shiba Inu $SHIB – 23,097 (-1,005)
9. Peanut the Squirrel $PNUT – 22,440 (-1,267)
10. Avalanche $AVAX – 22,037 (+123)
11. Sui $SUI – 19,856 (-433)
12. Kaspa $KAS – 19,630 (-44)
13. Chainlink $LINK – 18,972 (-7)
14. Litecoin $LTC – 17,696 (+75)
15. ApeCoin $APE – 15,492 (-1,605)
Key Highlights:
• $BTC, $SOL, and $ETH remain at the top, though they all saw slight declines in social buzz during the last 24 hours.
• $PEPE bucked the trend with a gain of +701.
• $AVAX and $LTC also posted small increases, signaling sustained interest.
• $APE and $XRP experienced the largest drops in volume.
🚀 $THE & $USUAL : Newbies Stealing the Spotlight! 📈🍿First up, #THE —the talk of the town! After hitting an ATH of $4.1, it’s cooled off a bit but is still sitting strong at $3.8, up a jaw-dropping 166% today. And if you zoom out? THE has skyrocketed nearly 2000% in the last 7 days. Wild, right? Classic crypto chaos. 😅
To those who sold in the first hours after THE’s #Binance debut… yeah, ouch. Timing is everything, isn’t it? 😂
But wait, there’s more! Let’s shine a light on #USUAL , another rising star in the space. It’s up a respectable 25% today, with trading volume surging 400%. Sure, it’s still trading 30% below its ATH, but that gap keeps shrinking. Could a breakout be around the corner? 🤔
Hold on tight, fam, and watch these newbies run the show! 🎭 Remember: DYOR, stay curious, and enjoy the ride. 🚀 #Altcoins