Tornado Cash co-founder Roman Storm's request to delay his upcoming trial was granted by the judge in the case, Judge Katherine Polk Failla, over the objections of the prosecution in a recent court hearing in lower Manhattan.
Storm's defense attorneys had requested the trial delay due to the complexity of the case and the voluminous nature of the discovery, according to a court filing. "Additional time is needed because this case involves complex and novel legal and factual issues," Storm's lawyers wrote, adding, "The government has also produced voluminous discovery in this case on a rolling basis (millions of pages of documents, many of which are in Russian and require translation), which the defense is still analyzing and conferring with Mr. Storm about."
In a sharply written rebuttal, Department of Justice prosecutors argued that the defense has had enough time to review the documents in question. "While the total discovery is voluminous, it is far less than the discovery at issue in other recent cases that have been scheduled for trial even more quickly," the prosecutors wrote, adding, "The defendant’s motion does not identify any particular issues in the discovery that have hampered his efforts to prepare for trial by September 23, 2024, a trial date which has been on the calendar for seven months (emphasis in original)."
Judge Failla sided with the defense, delaying the trial, originally scheduled for September 23, to December 2. However, the judge also has her own reasons for delaying the trial, according to a courtroom report from The Rage, which reveals the judge "...framed her decision as necessary to give herself enough time to consider the legal issues raised by the defense’s motions."
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The report also praises Judge Failla's understanding of the complex legal issues involved in the case which has been widely watched by the crypto industry. Judge Failla seems interested in whether or not indicting the co-founders of Tornado Cash is appropriate given the actions of bad actors on their platform, reportedly asking, "“If [Tornado Cash] has 1,000 customers and 1 is a bad actor, are they criminally liable?”
The judge has yet to rule on Storm's motion to dismiss the charges along with other oral arguments related to the discovery process of the case. Tornado Cash developer Alexey Pertsev, meanwhile, will remain in jail in the Netherlands for the duration of his appeal after his bail was denied by a Dutch court, The Block previously reported.
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© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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According to data, the current Bitcoin network transaction fee is 6 satoshis/byte, with medium priority temporarily reporting 6 satoshis/byte and high priority also temporarily reporting 6 satoshis/byte.
#BinanceRiskSniper

Shytoshi Kusama and Kaal Dhairya, the anonymous chief developers of the Memecoin project Shiba Inu (SHIB), have given their first interview to the Arabic Business News. Kusama stated that he entered the cryptocurrency industry because of the influence of a super-rich passenger while driving for Uber, and then contacted Ryoshi, the anonymous creator of SHIB. Kusama aims to make SHIB the killer of Dogecoin and wants it to become "the world's first decentralized entity worth trillions of dollars". He pointed out that currently less than 5% of the world's population use cryptocurrency, and Meme will become the gateway to cryptocurrency and blockchain. Kusama and Dhairya have not given up their anonymous plan. In addition, they plan to transfer control of the project to the community by the end of this year, and by the end of the year, there will be a special committee to lead certain things. They both believe that it is not necessary to disclose their identities and said, "We can sit in this coffee shop, there are no security guards outside, and no one recognizes me. This is actually more valuable than any money."
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On July 14th, blockchain data analysis company Bitrace tweeted that the TRON network address TNVaKW was frozen by Tether on July 13th for over 29.62 million USDT. After analysis, Bitrace confirmed that the address was related to a guarantee business address launched by Cambodian Huobi Group on July 9th, 2024. Bitrace also stated that Huobi has now resumed operations with a new business address TQuFSv and transferred 114,800 USDC from the frozen TNVaKW address. In addition, their official old business address TL8TBp is still operating normally, and their other guarantee and payment-related addresses have not been frozen in the past six months. The reason for the freezing of this address may be related to money laundering for fraudulent or theft-related criminal activities.
#BTC☀

According to data from DefiLlama, the TVL of the Ethereum re-staking protocol EigenLayer has risen to $15.339 billion, an increase of approximately 8.7% on the 7th.
#BinancePizzaDay

On July 14th, according to The Data Nerd, multiple newly created addresses accumulated 782,000 LINK tokens worth over $10 million in the past 24 hours. Previously on July 11th, 45 new wallets withdrew a total of 968,000 LINK tokens (approximately $12.4 million) from Binance.
#zachxbt

According to Jinshi data, the FBI confirmed that the gunman at the Trump rally was a 20-year-old Pennsylvania man named Thomas Matthew Crooks.
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According to on-chain analyst Ali's data published on X platform, if Bitcoin triggers a U-shaped rebound and rises to $72,300, there will be as much as $5.6 billion of liquidity on the market facing short liquidation.
#PEPE市值超越LTC

Official data from Grayscale shows that as of July 12th, Grayscale's GBTC holds 272,661.4565 BTC, a decrease of 668.0035 BTC from the previous trading day. In addition, GBTC's asset management scale (non-GAAP) is $15,706,856,794.08, with a circulating share of 307,200,100.
#BinancePizzaDay

Bitwise's official data shows that as of July 12th, its Bitcoin spot ETF (BITB) holds 39,420.88 BTC with a position value of $2,283,765,051.52. Currently, the circulating shares of BITB are 72,330,000.
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Yat Siu, the co-founder and CEO of Animoca Brands, made the following points in a recent interview:
Thanks to Telegram and TON, it is believed that more than 100 million users will join Web3 in the next 12 to 18 months, as distribution channels like Telegram are launching games.2. Currently, the biggest regulatory challenges for Web3 companies are mainly in the United States, Hong Kong, Japan, and Southeast Asia. The Asian market is very friendly to Web3 and the rules are quite clear.3. The metaverse is currently in its early development stage.4. Animoca Brands has more than 500 investments, with about 160 in the gaming sector and over 70 in the education sector.5. The monthly trading volume of NFTs is currently around $500 million, and more trading volume and activity are expected to be seen when market activity picks up after the summer. Markets are typically seasonal, and this applies to all markets.6. Animoca is a bit like a DAO and is currently considering going public, which is a fact. It has also been said that it may go public in 2025 or 2026, so it's not just 2025, but somewhere in between. There is still a lot of work to be done at this stage, such as determining the company's location, moving out of Australia, deciding on which market to go public in, and hiring advisors. It is impossible for a company to go public within a month and it will take some time. #BinanceRiskSniper

Josh Stein, the Attorney General of North Carolina, issued a warning about Bitcoin ATM scams after receiving numerous complaints. The warning outlines techniques to avoid such scams, emphasizing the need to be cautious of unsolicited cryptocurrency payment requests, online relationships turning to finance, verifying investment advice, and avoiding get-rich-quick schemes. Victims are urged to report fraudulent behavior to local law enforcement and consumer protection agencies.
#BinanceRiskSniper

According to data from the Ethena official website, as of July 14th, the supply of USDe has dropped to 3.41 billion, and the reserve fund of stablecoin protocol Ethena is currently maintained at $45.4 million.
#BNB金鏟子

According to Lookonchain monitoring, since June 24, 93 new wallets have withdrawn 12.75 million LINK (167 million US dollars) from Binance.
#BTC☀

According to CoinGecko market data, the Trump-themed Meme coin MAGA (TRUMP) has broken through 9 US dollars and is currently trading at 9.48 US dollars, with a 24-hour increase of 52.4%.
#feedfeverchallenge

According to data from Dune, Linea's mainnet has bridged 704,107 ETH with a total of 1,167,561 transactions and 537,247 interacting addresses.
#BinanceRiskSniper

On July 14th, according to DefiLlama data, the total market value of stablecoins is now $162.385 billion, with a 7-day growth rate of 0.43%. In addition, the market value of USDT is $112.469 billion, with a market share of 69.26%.
#PEPE市值超越LTC

Santiment, a blockchain and off-chain data intelligence platform, posted on X platform that an attack on Donald Trump occurred about 8 hours ago, and the cryptocurrency market immediately reacted, with BTC rebounding to $60,300, hitting a new high in nearly 10 days. Considering the seriousness of any attempt to attack public figures (or non-public figures) and the distinctly different political positions of cryptocurrencies, it is undeniable that there has been a clear bullish bias around the 2024 US presidential candidate. With the approaching autumn US election and Trump's recent remarks in support of cryptocurrencies, the cryptocurrency community generally holds an optimistic attitude towards news that supports Trump. Undoubtedly, news of avoiding assassination is seen as supporting Trump, so the cryptocurrency market has shown a positive response. It should be noted that at least for the remaining time in 2024, any noteworthy US election news will continue to trigger such market reactions, especially in a field like cryptocurrencies that is always driven by speculation.
#BinancePizzaDay

As of July 14th, the total revenue of the decentralized social protocol Farcaster has exceeded 2.1 million US dollars, currently at 2,118,853 US dollars, with a total of 613,398 users.
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According to official information from BNB Chain, it has completed its second Sunset fork. The second Sunset fork will migrate the BNB beacon chain staking function to the BNB smart chain, and all assets need to be migrated from the beacon chain to the BNB smart chain. BNB Chain reminds users:1. Staked BNB: If BNB is staked, it needs to be migrated. If it is not migrated before July 14th, the staking will be automatically cancelled and returned to the user's account within 2 weeks.2. BNB and other BEP2 assets: These assets also need to be migrated from the beacon chain to the BNB smart chain. If the assets are not migrated, they will not be transferable after August 15th. If the asset migration is not completed yet, it needs to be done before July 14th.
#SEC败诉