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Vitalik Buterin Donates $170K ETH for Tornado Cash Developers' Legal Defense Vitalik Buterin, Ethereum co-founder, donated heavily to Tornado Cash creators Roman Storm and Alexey Pertsev's legal defense. According to a December 31 Juicebox project post by “Free Pertsev and Storm,” Buterin paid 50 Ether (ETH), worth $170,000 at the time, to the fund to help engineers facing major legal issues. Tornado Cash creators get 25% of $650,000 from JusticeDAO, a community-driven effort to support their legal fights. Buterin had already contributed 100 ETH, worth $240,000, in October, showing his ongoing support for the devs despite fears about government overreach in crypto. The Tornado Cash crew faced legal issues in 2022 when Dutch police detained Pertsev for money laundering for his bitcoin mixing business. Storm and developer Roman Semenov were accused with money laundering, sanctions breaches, and fraud by U.S. prosecutors. Storm, freed on bond, will face trial on April 14, while Semenov remains at large. Tornado Cash was added to OFAC's Specially Designated Nationals list in August 2022, prompting the allegations. The mixer is accused of laundering over $7 billion in cryptocurrencies, including North Korean hacker funding. Coin Center and Tornado Cash customers supported by Coinbase have sued the Treasury. An appeal court decided in November that OFAC had “overstepped” by sanctioning immutable Tornado Cash smart contracts, but the criminal charges against Storm and Pertsev remain unaffected. Buterin also urged Elon Musk to tone down his X conversations after a fiery argument over US foreign tech workers. On Dec. 31, Buterin praised Musk's free speech but advised him to “turn down the temperature” on the platform. Buterin's remarks followed Musk's expletive-filled tweet supporting H1B visa holders, which conservative users said hurts local U.S. workers. After challenging Musk, several opponents claimed their accounts were withdrawn of premium privileges, claiming censorship. #Vitalik #ElonMusk #Tornado
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Bitcoin Rebounding? Key Levels to Monitor Crypto expert Bitcoin market bounce, which is fantastic. However, the top cryptocurrency is in a crucial price zone that affects bullish and bearish market results. Bitcoin Must Exceed $93,400 To Maintain Bullishness First, the expert noted BTC's positive divergence against its relative strength indicator, which implies fading downward momentum and a possible price turnaround. Potential liquidations total $14 million at $95,300. Martinez expected market makers to target this leveraged trading zone. Market makers try to minimize leveraged positions to boost liquidity and volatility, which they may use to trade at favourable prices. Long traders on Binance rose from 53.12% to 64.04%, supporting Bitcoin's comeback. Bitcoin crossed $94,800, which the expert said was important obstacle to the rally. Bitcoin is anticipated to increase to $95,600 and maybe $98,373 soon. The market analyst warns that Bitcoin is at a critical point, and any decrease below $93,400 might cause a further plunge below $84,000 or $70,000. This might lower its price by 25%. Bitcoin is worth $95,173 at press time, up 0.93% in 24 hours. Valuation is $24.76 billion, while trade volume is down 53.76%. The leading cryptocurrency ended 2024 bearishly, yet market optimism remains strong. Analysts have long said 20-30% dips lay the ground for bigger stock rebounds in bull markets. A price rise over $100,000 barrier is needed to start another rally with objectives as high as $350,000 in 2025. #BTCBelow92K #btc2025 #BTCXmasOrDip? #MicroStrategyStockSale $BTC
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US Authorities Take Terraform Labs Founder Montenegro extradited Do Kwon to the US on December 31 to stand prosecution for Terraform Labs' 2022 failure. On Tuesday morning, the interior ministry concluded the extradition process, according to The Korean Herald. The report said that Do Kwon was “handed to the competent law enforcement authorities of the United States of America and agents of the Federal Bureau of Investigation (FBI)” for “criminal proceedings in the US for crimes of conspiracy to commit fraud.” Last Monday, Montenegro's Justice Minister Bojan Božović issued an order for Do Kwon's extradition to the US, rejecting South Korea's plea. According to local press, “The Department of Justice has considered all the facts and circumstances and assessed criteria” and decided to extradite the Terraform Labs co-founder to the US. Since most of the law's criteria support the competent authorities of the United States of America's extradition request, the Minister of Justice has issued a decision allowing Kwon Do Hyeong's extradition to the US while refusing extradition to Korea. Do Kwon's Montenegrin attorneys blasted the Minister of Justice's decision and said they will “appeal to the country's constitutional court and to the European Court of Human Rights.” Do Kwon's Montenegro Tale Montenegro held the South Korean entrepreneur for nearly a year and a half. He and Terraform Lab's former finance officer Han Chang-joon were arrested in March 2023 for trying to use fake travel papers at Podgorica airport. His arrest followed months of leaving his native country and Singapore before Terraform Labs went bankrupt. The Federal Reserve Board said that the business lost “around $50 billion worth of the network’s two asset offerings, TerraUSD (UST) and Luna (LUNA), in the span of a week,” one of the greatest crypto crashes. Do Kwon was sentenced to four months in Montenegro and given two months at the US and South Korean request. #TerraLuna #DoKwon #FBI #Luna $LUNA $LUNC $USTC
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