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Analysts see MicroStrategy's decision as strategic, emphasizing that raising funds through convertible bonds demonstrates the company's proactive approach to strengthening its financial position and driving growth MicroStrategy's convertible bond raising is intended to take advantage of favorable market conditions and investor interest in innovative technology companies.

The funding round follows MicroStrategy's initial public offering of $525 million in convertible senior notes due 2031 announced less than a week ago.
#MicroStrategy has demonstrated an aggressive approach to #bitcoin acquisition, as evidenced by Saylor's decision to include bitcoin as a core asset in its Treasury reserves in August 2020. The company has utilized financial strategies such as interest-free loans to increase its bitcoin reserves.
As recently as Nov. 30, the company purchased 14,620 bitcoins worth about $615.7 million between Nov. 30 and Dec. 26, 2023, increasing its bitcoin reserves to 189,150 bitcoins by the end of last year.
Positioning ahead of a rate halving?
Having successfully increased its total bitcoin reserves, the company is well positioned ahead of the halving event that will take place next month.
According to Samson Mouw, a well-known bitcoin advocate and CEO of bitcoin specialist Jan3, the large market capitalization of companies like MicroStrategy is due to their exceptional commitment to bitcoin among all #cryptocurrencies .
The potential impact of MicroStrategy's strategy to acquire bitcoin via convertible bonds on the #cryptocurrency space is yet to be determined.
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Cryptocurrency users beware: new EU anti-money laundering law clarified.

The European Union Parliament has banned the use of unknown #cryptocurrency wallets in intra-regional transactions as part of a wider effort to combat money laundering.
The ban applies to anonymous money transactions of 3,000 or more, as well as self-stored wallets on various platforms.
Opponents of the ban argue that it has a disproportionate impact on law-abiding citizens and could hamper financial privacy.
The European Union Parliament has taken the important step of outlawing unidentified cryptocurrency wallets for making payments across the region.
According to a recent social media post by MEP Patrick Bloyer, the ban was approved by a majority of the parliament's steering committee on March 19. The move is part of the EU's wider anti-money laundering (AML) legislation.
The new rules ban all anonymous crypto payments and cash transactions above a certain limit. Specifically, cash payments over 10,000 and anonymous cash transactions over 3,000 will fall under the ban. The ban also applies to self-designed wallets in mobile, desktop or browser applications.
The law is due to come into force in three years, although there is speculation that it could come into force sooner.
Nevertheless, the new law will change the way Europeans view digital currencies. The strict stance on anonymity has also raised concerns about user privacy and financial accessibility. In addition, the rules could create significant barriers to innovation and hinder the spread of #cryptocurrencies in the region.
Speaking against the ban in Parliament, Mr. Breuer argued that the ban was not a criminal offense and could affect law-abiding citizens. He emphasized that anonymous payments serve legitimate purposes.

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The cryptocurrency market remains volatile and is heavily influenced by broader economic factors. The latest US job growth data beat expectations, indicating that the economy is doing well as interest rates rise.

This makes it less likely that the rate will be lower, impacting inflows into risky investments such as #cryptocurrencies .
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SHARE. Senator Cynthia Lummis has proposed a bill to adopt bitcoin as a U.S. strategic reserve, sparking bipartisan interest and widespread public support.

In July's #BTC Conference, Senator Cynthia Lummis, a prominent #cryptocurrency advocate, announced her intention to introduce a bill that would allow the U. S. government to adopt bitcoin as a strategic reserve asset. Just five days after her announcement, significant progress has been made on a bill that could be a landmark for the use and acceptance of #cryptocurrencies in the U. S.
pAccording to congressional records, on July 31, Senator Lummis of Wyoming introduced a bill directing the U. S. government to create a bitcoin strategic reserve program.
Speaking at the Bitcoin Conference in Nashville, Lummis explained that the bill would require the U. S. Treasury to purchase one million bitcoins worth about $60 billion over five years. Lummis compared the initiative to the U. S. Strategic Petroleum Reserve, saying that a large reserve of bitcoin would help strengthen the U. S. dollar. He also suggested that these assets could play an important role in reducing the national debt, which currently exceeds 35 trillion U. S. dollars.
the last three days, U. S. senators have received 2,200 letters from voters urging them to support Lummis's bill on a strategic bitcoin reserve. The most letters were received by Democrats - 1,333, Republicans - 850, and independents - 41.
The Lummis bill has now been referred to the Senate Committee on Banking, Housing and Urban Affairs. The committee will scrutinize the bill with experts. If the committee approves the bill, it will return to the Senate for debate and amendments before being voted on. Once approved by the Senate, the bill goes to the House of Representatives and, if passed, to the president.
According to CoinMarketCap, the total cryptocurrency market is valued at approximately $2.15 trillion and has fallen 0.84% in the past 24 hours.

U. S.

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This was prompted by recent outrage from Solana users on social media complaining about failed transactions and a deteriorating user experience.

In an April 4 post on X's website, pseudonymous altcoin trader Sherpa noted that while he believes #Solana will establish itself as a blockchain network for retailers, the current user experience is not ideal.
I believe #SOL is the network for retail in this cycle, but the user experience lately is just outrageous.
However, in an April 4 post on X, ardent Solana supporter and Helius CEO Mert Mumtaz disagreed with the claim that 75% of transactions fail, noting that most failed transactions without votes are simply "spam from bots.
It's usually not a big problem for users because the wallet simulates [the transaction] and tells you in advance what can go wrong," he said.
Mumtaz said the graph of failed transactions "is not a good way to measure the impact on users because most users never get to it.
"About 95% of this entire graph is bots that have failed in arbitration attempts," he added.
Mumtaz also explained that most spam happens before the scheduling process, so increasing the transaction priority fee won't help, and "increasing it above a certain median" will result in users "wasting money.
He added that Solana's upcoming 1.18 network update is unlikely to fix these issues, suggesting that the user experience on Solana may remain degraded for some time.
"Network patches are needed and will be released soon.
Over the past week, the price of Solana (SOL) has fallen about 3%, stumbling slightly after rising 45% over the past month, and according to CoinGecko, the cryptocurrency's recent weekly drawdown has pushed it down to the fifth-largest cryptocurrency by market capitalization.
SOL currently has a market capitalization of $81 billion, behind the #BNB token (BNB) on the #Binance exchange at $ 89 billion.
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On August 13, Ethereum L2 reached a record high of 12.52 million transactions.

Coinbase topped the list with 3.98 million transactions, followed by #Arbitrum One with 1.79 million transactions.
Despite the increase in transaction volume, fees dropped sharply to $171,514, a 96% decrease from March.
On August 13, the #MarketDownturn Layer 2 (L2) network saw a surge, with 12.52 million transactions recorded in just one day. This surge far exceeded the all-time high (ATH) of 11.5 million transactions recorded on April 4. The increase in marketplace activity is mainly attributed to Coinbase's Base and Arbitrum One.
the record transaction volume is a reflection of the exponential growth in adoption and utilization of Ethereum's L2 network.
#Etheriam Layer 2 set a new record of 12.42 million transactions per day.
scalability is rapidly improving.
According to growthepie, Base, a relative newcomer to the Ethereum ecosystem, set a daily record with 3.98 million transactions. Such numbers are staggering considering that Base, which launched just over a year ago, has quickly become the dominant player in the sector.
Be followed by Arbitrum One, which recorded 1.79 million transactions on Aug. 13; Arbitrum One has been in operation for nearly three years and maintains a strong presence in the Ethereum L2 market. The importance of Base and Arbitrum One in achieving record transaction volumes underscores their key role in strengthening Ethereum.
Despite the surge in transactions, fees paid by users have dropped significantly: on August 13, the total amount paid on the Ethereum L2 network was just $171,514, down from a peak of $4.2 million on March 5.
The 96% reduction in fees reflects a broader trend of lower user costs, even as transaction volumes hit new records.

The active addresses on the L2 Ethereum network show varying levels of performance. Base, the current leader, registers 3.

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Blockchain-based investment management company Superstate has integrated Chainlink Data Feeds product to provide tokenized Treasury fund pricing data.

The company integrated #Chainlink Data Feeds on Aug. 12 to provide Superstate Short Duration US Government Securities Fund (USTB) net asset value (NAV) data on the #blockchain . Superstate said the move will improve compatibility and interoperability across the USTB blockchain.
integration with Chainlink will provide investors with data transparency and allow them to focus on their core business, said Robert Leshner, CEO of Superstate and founder of Compound Labs.
USTB offers holders tokenized U. S. Treasury assets and, according to Superstate, has raised $102 million in assets under management since its launch in February of this year.
Chainlink's data feed gives USTB real-time visibility and opens up programming opportunities, including integration with blockchain-based money markets for use in collateralized lending.
Asset tokenization improves efficiency, programmability and transparency, but requires robust blockchain data to unlock #MarketDownturn and automation, Leshner added.
This move comes amid rapid growth in the tokenized treasury segment, whose total market value has increased 148% to US$1.91 billion since the beginning of 2024, according to Rwa. xyz data. This growth is driven by BlackRock's institutional USD, according to Rwa. xyz. Digital Liquidity Fund (BUILD), which currently leads the sector with USD 513.4 million, helped by its launch.
Superstate is playing a fundamental role in infrastructure development and service delivery in this important aspect of the growing tokenized asset economy, said Johann Eide, Chainlink's Chief Business Officer. We look forward to Superstate unlocking new use cases and business opportunities through its integration with Chainlink, said Johann Eide, business director at Chainlink.
Superstate was founded in 2023 and manages $ 129 million in digital assets.

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Polish authorities have arrested the former head of Russian cryptocurrency exchange WEX in the center of Warsaw following an extradition request from the U.S. Department of Justice.

According to local laws, Dmitry V. The man, whose name was only given by Reuters and Polish publication Rzeczpospolita, is suspected of fraud and money laundering while administering WEX, the successor to BTC-e, Russia's largest crypto exchange before its collapse in 2018, 12/6 reported.
"The man is in custody pending the completion of all extradition-related procedures, a Polish police spokesperson told Reuters.
Extradition to the United States could expose Dmitry V. to charges that carry a maximum penalty of 20 years in prison, the spokesperson added.
Russian citizen Dmitry V. He was previously arrested in Poland in 2021-8, but was released by court order after 40 days in custody.
the Polish-Lithuanian Commonwealth in the summer of 2022 will be presented to Dmitry V. He also said he was arrested by Interpol at Zagreb airport in Croatia on an extradition request from Kazakhstan.
In 2019, he was arrested by Italian authorities but was soon released after it was found that there was a mistake in his extradition request.
About 445,000 people are missing from WEX, Rzeczpospolita reported.
WEX is a well-known "dark" exchange with virtually no identity verification required, and it was used previously by Mt. It. It has reportedly received funding from a number of high-profile cryptohacks, including crypto exchange 2. Gox.
when WEX was operating, it processed over 100 billion transactions from over 90 million users, including many from the United States.
On May 5, the former head of WEX, then called BTC-e, Alexander Vinnik, pleaded guilty to conspiracy to launder money between 2011 and 2017.
Vinnik, known as "Mr. #Bitcoin , was arrested while vacationing in Greece in 2017 and extradited to the United States on May 7, 2022.
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Is Crypto.com safe: analysis - Ecoinimist

Wide range of services: crypto. com offers everything from trading and betting to earning interest on #cryptocurrency deposits, providing users with many ways to deal with #digital assets.
Cryptocurrency rewards and cashback: the platform's Visa card offers attractive rewards in the form of cashback on purchases, which is an important factor for users.
Customer support: Crypto. com's support team is available around the clock to answer questions and provide advice, which is highly appreciated by many users.
the wide range of services offered by this exchange is one of the main attractions for users. The platform's ability to cater to a variety of financial needs, from trading to passive income, attracts users seeking versatility.
The Crypto. com rewards programs, including cashback for purchases made with Visa cards, are particularly popular with users. These programs encourage user engagement with the platform and offer tangible benefits that increase user satisfaction.
Read also: What does 100x leverage mean for cryptocurrency trading?
Having a 24/7 support team is an important benefit for Crypto. com users. It improves the overall user experience by ensuring that help is readily available in case of problems.
Commission structure: some users have noted that Crypto. com's commission structure is complex and may be slightly higher than other platforms. Users should carefully review the fees associated with various transactions.
Confirmation Process: The Crypto. com account confirmation process can be time-consuming for some users, leading to frustration, especially for those who want to start trading as soon as possible.
Some users find the fee structure complicated, but Crypto. com provides detailed documentation to help users understand the costs associated with various transactions.

Crypto.
Is Crypto. com safe for beginners?

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Attorneys for former FTX CEO Sam "SBF" Bankman-Fried have filed a motion in federal district court in Manhattan asking a federal judge to sentence SBF to between five and a quarter and six and a half years in prison after a jury found him guilty of multiple counts of fraud and money laundering last November. The maximum sentence, therefore, is 110 years.

SBF was charged with two counts of wire fraud, two counts of conspiracy to commit wire fraud, one count of securities fraud, one count of conspiracy to commit commodities fraud and one count of conspiracy to commit money laundering. On March 28, the federal judge hearing the SBF case, Louis A Kaplan, is scheduled to impose sentence.
Federal prosecutors were due to submit their sentencing recommendations on March 15, but a preliminary report (PSR) recommended a 100-year sentence for the former #FTX CEO.
FTX attorneys argued that the PSR's recommendation of a 100-year sentence was "barbaric" because SBF was a first-time offender with no criminal record and "joined at least four other guilty parties in a case where the victim could get - and always has gotten - 100 cents on the dollar.
Because FTX's bankruptcy provides for full restitution to customers, the submission said there would be zero damages to customers, creditors and investors. Legal counsel also cited numerous letters from friends and family strongly supporting a lenient resolution.
Cryptotokens have a long history.
Buy as many SOLs as you have for $3 now.
Sell everything you own.
FTX was one of the largest crypto exchanges, valued at $32 billion in January 2022, but collapsed in November of that year; SBF was found guilty of mismanaging $8 billion in customer funds and many other fraudulent activities.
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Early memecoin investors like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) have made astronomical returns, while Buterin Sucks (BUTSUCKS) offers similar opportunities for a limited time.

Buterin Sucks (BUTSUCKS), Solana's recently launched memcoin, is poised to soar 14,000% in a matter of days as former investors Shiba Inu (SHIB), #Bonk (BONK) and #Dogecoin (DOGE) put money into this new token.
BUTSUCKS will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days. 1 This is a very profitable event for the token because millions of new investors can easily buy Buterin Sucks.
Currently, Buterin #bitcoin can only be purchased on decentralized Solana exchanges such as Jupiter and Raydium, allowing early investors to make huge profits in the coming days.
To buy BUTSUCKS on these platforms, users need to connect their solflare, MetaMask or Phantom wallet and enter the contract address jr8okimfhewajpdmizenkgwhzer5bb53bdzf4kqvf7w in the Solana to Buterin Sucks exchange confirmation field.
BUTSUCKS currently has a market value of $12,000 and liquidity of over $4,000, which means it has huge upside potential.
Early investors can earn returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE), and Bonk (BONK) before these memcoins become popular and skyrocket in value.
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Scott Bessent, President-elect Donald Trump's nominee to be the next Treasury Secretary, has taken steps to get rid of significant assets to avoid potential conflicts of interest.

Before Trump's inauguration, Bessent disclosed assets totaling at least $521 million, but the real value is likely much higher.
On January 11, the U. S. Office of Government Ethics released information about Bessent's assets, indicating the range of value of each. Mr. Bessent, founder of Key Square Capital Management, did not specify the exact value, and some assets were simply listed as over $BTC For example, Mr. Bessent owns residential real estate in the Bahamas worth between $5 million and $25 million.
Mr. Bessent also owns real estate valued between $5 million and $25 million in Cushing, North Carolina, as well as art and antiques valued between $1 million and $5 million.
Mr. Bessent is known for his successful large-scale currency trading on Wall Street and for founding Key Square to capitalize on global macroeconomic trends, but he also seems to be a passive investor.
He is a member of the SPDR S&P 500 #ETF , Invesco S&P 500 Equal Weight ETF and Invesco QQQ, which is tied to the Nasdaq 100 Index.
In addition, he holds more than $50 million in U. S. Treasuries and significant positions in the dollar, euro, Chinese yuan and Japanese yen. He holds significant positions in the dollar, euro, Chinese yuan and Japanese yen. Among his #cryptocurrency investments, Bessent lists the iShares #Bitcoin Trust ETF, which is valued between $2,50001 and $BTC Bessent's decision to divest himself of assets to avoid potential conflicts of interest and to sell certain assets within 90 days of Senate approval This is consistent with federal ethics rules for candidates.
These rules exist to ensure that public officials make decisions based on the public interest, not personal financial gain.
In addition to the asset sale, Mr.
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Ripple transfers 300 million XRP, fueling speculation in the market

Ripple Labs recently made headlines by transferring an impressive 300 million #XRP (worth over $682 million) to an undisclosed wallet, which raised questions about the company
this transaction,
this transaction followed a series of high-profile moves, including the publication of the wallet earlier this month, which resulted in a 15% increase in the price of XRP. The exact reason for the latest transaction is still unclear, but the presence of multiple addresses associated with the wallet could be part of Ripple's ongoing operational process or preparation for future projects
#Ripple is working on the XRP Ledger (XRPL). With a focus on improvement and adoption across the broader crypto space, the company continues to promote the utility of XRP; Stablecoin's RLUSD currently runs on both XRPL and #Ethereum , making Ripple's efforts to establish XRP as a universal asset more apparent.
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A new memcoin based on Solana (SOL) reached a market value of 11 billion yen within 48 hours of listing on Binance, the world's largest cryptocurrency exchange.

Earlier on Saturday, #Binance announced the launch of permanent futures for Book of Meme (BOME), a coin launched by art producer DarkFarms, who specializes in works based on Pepe the Frog, a character often used in various memes.
Shortly after launch, BOME took off, and following an announcement from Binance, BOME rose from nearly 0.0077 to 0.0268, or nearly 250%, in just a few hours.
BOME has since pulled back and is trading at market0.0186 at the time of writing, with a market capitalization of $1.037 billion and a fully diluted valuation of $1.1297 billion.
Lookonchain, a blockchain tracking company, first learned that an unknown wallet withdrew $2,230 million from #Solana to purchase BOME just before listing on binance.
According to Lookonchain.
"Fresh Wallet withdrew 12,721 Solana (2.3 million yuan) from Binance and bought 314 million BOME for 0.0074 [in] 30 minutes.
Almost simultaneously with Binance's listing, #cryptocurrency exchange Kucoin, known for its "altcoin gems," also announced support for the new memcoin. According to KuCoin, users can now trade BOME /USDT pairs on its spot platform.
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The move by Solana (SOL) investors to Option2Trade (O2T) is an interesting development, indicating a strategic move to diversify portfolios and mitigate recent losses. Several factors have contributed to this trend:%%%%%%

Technology headwinds: innovative features of Option2Trade (O2T), such as artificial intelligence-based trading insights and enhanced security measures, make a compelling case for #Solana (SOL) investors looking for a cutting-edge platform. %%%%%%- Market sentiment: with Solana (SOL)'s volatile environment, investors are eager to explore new opportunities to balance investment risk and potential returns. %%%%%%- Community and growth potential: rapid community growth and the success of the Option2Trade (O2T) pre-sale demonstrate strong confidence in the long-term viability of the market, attracting Solana (SOL) investors seeking early access to promising projects.The influx of Solana (SOL) investors into the Option2Trade (O2T) pre-sale illustrates the changing dynamics of the #cryptocurrency market. The move highlights the broader trend of changing liquidity in the cryptocurrency ecosystem as investors seek to optimize their portfolios in an ever-changing market environment. Additionally, the pre-sale success of Option2Trade (O2T) and investor interest in Solana (SOL) could catalyze further innovation and competitive strategies between competing platforms, fostering growth and diversification across the market.In conclusion, the impressive pre-sale results of Option2Trade (O2T) Phase 5 and investor interest in Solana (SOL) reflect the dynamic nature of the cryptocurrency market; as Option2Trade (O2T) moves towards full-scale launch and further development, and continued interest from Solana (SOL) and other cryptocurrency investors is critical to shaping its trajectory and the broader cryptocurrency ecosystem. This trend emphasizes the importance of innovation, community engagement and strategic diversification in navigating the complex and volatile world of cryptocurrency investing.

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In his previous post, he said that if Solana can stay in the green zone between $141 and $1,147, the cryptocurrency could reach one more high before collapsing, he also urged investors to lock in profits in the green zone and reopen short positions from higher levels.

In addition, CrediBull Crypto predicted a new low for #Solana at around $115. He said that Solana and #Dogecoin will witness a slight reversal that will push their value up amid the downtrend in the market.
As mentioned earlier, the projected reversal of Dogecoin and Solana will depend on the future price performance of #bitcoin . At the time of writing, bitcoin is trading at 67,882 bitcoins and Bitcoin ETF spot funds have increased inflows despite the high demand for these digital assets in the market.
Bitcoin fell in price by 4.16 percent last week, sending the #cryptocurrency below its previous high of $71,000, which it reached earlier this month. According to CoinMarketCap, the cryptocurrency has renewed investor interest as its value has risen 1.24 percent in the past 24 hours.
Dogecoin and Solana have now shown a sharp decline, indicating that these cryptocurrencies have been inactive in the cryptocurrency market in recent days. At the time of writing, the price of dogecoin was 0.14, indicating a significant drop of 1% over the past 13.79 weeks.
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Gary Gensler, SEC Chairman Under Investigation: Will Cryptocurrencies Rise?

According to a recent investigation, the era of Gary Gensler, SEC Chairman, may be short-lived. It is alleged that the chief regulator is politically motivated when hiring staff.
Under Gensler, many #cryptocurrency companies faced serious legal harassment.
Gary Gensler, chairman of the U. S. Securities and Exchange Commission (SEC), is under scrutiny in Washington. He has been criticized for allegedly appointing government officials based on their political connections, which is seen as a violation of federal rules. It remains to be seen how this news will affect the cryptocurrency market.
earlier today, the House Committee on Justice, Financial Services and Oversight sent a joint letter to the agency. The context of the letter was related to the appointment of Dr. Haoxiang Zhu as the SEC's director of trading markets.
Based on emails released during the Sec rule debate, it was alleged that Dr. Zhu indicated his political direction to Gary Gensler prior to adoption.
the situation prompted lawmakers Jim Jordan, James Comer and Patrick McGenry to investigate. Virtu Financial CEO Doug Cifu criticized Gensler's motives and called them political rather than market-driven. The emails now serve as further evidence against regulators.
the email also asked Gensler to provide records and correspondence regarding the hiring of directors and assistant directors. We were also asked to provide records of employees in the office of the Chairman after 2021/4 and material that took into account political preferences in hiring.
SEC was given until 2024-9-24 to comply with this request.
The investigation comes at a time when Gary Gensler's position is threatened by a possible change in government.
Trump promised to fire Gensler and appoint a new SEC chairman who will champion future innovation.
the CEO of #Ripple Labs Inc.

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Strong job growth is expected to help bitcoin rise during the Fed rate cut.

Bitcoin is ready for action, but the incipient storm is still brewing.
An unexpected rate cut could send the #cryptocurrency surging.
The Federal Reserve will meet in November and may consider another 25 basis point rate cut; a sharp rise in jobs in September could reignite speculation of a further rate cut, potentially upsetting both traditional financial markets and the cryptocurrency world, and #bitcoin could see a significant rise in the bitcoin exchange rate.
The employment data for September beat expectations with 254,000 new jobs created, well above economists' expectations of 150,000. The latest data also showed that the unemployment rate fell to 4.1%, down from 4.2% in August.
the idea of additional rate cuts is controversial: some argue that easing will benefit the economy, while others warn that further monetary easing may not be necessary given the strength of the labor market. In the cryptocurrency market, this speculation could lead to explosive moves. As a high-risk asset, bitcoin often reacts sharply to signs of monetary policy easing.
the last Fed interest rate cut, bitcoin jumped to around $62,000, gaining momentum as investors rushed to the asset, perceived as a hedge against inflation and currency devaluation. Bitcoin is currently at US$62,250, having risen 1.4 percent over the past day.
If the U. S. Federal Reserve decides to cut interest rates by 25 basis points in November, bitcoin could gain new momentum and surpass its previous all-time high of $73,750. In addition to the Fed's decision, investors are also keeping a close eye on a number of other factors affecting the bitcoin price, including the global economy, inflation expectations and regulatory actions.

Bitcoin could experience both increased volatility and an uptrend, making it less predictable as an investment.

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Ethereum co-founder Vitalik Buterin has donated 100 ETH to Tornado Cash developer Roman Storm's legal defense fund.

In a new thread on social media platform X, Storm, who helped launch an anonymous ETH-based #cryptocurrency mixing protocol in 2019, thanked Buterin for his continued support.
I can't express how much this means to me. Thank you for all your support over the years.
According to the Free Pertsev and Storm X account, this donation is the third time Buterin has supported the developers of the struggling Tornado Cache.
In 2022, the U. S. government sanctioned coin tumblers, citing national security concerns. At the time, the Office of Foreign Assets Control (OFAC) said that more than $7 billion in digital assets had been laundered through the protocol since its launch, including funds transferred by Lazarus Group, a North Korean hacker network. The protocol's developers have been indicted, including Storm, who was arrested last year along with another Tornado Cash developer, Roman Semenov, on suspicion of helping Lazarus Group launder illicit funds.
The legitimate fund, hosted on decentralized fundraising platform Juicebox, has raised more than $800,000 in #Ethereum at the time of writing. According to the people behind the fundraiser, Storm's legal fees have risen to $500,000 a month, and he may need another $2 million to $ 3 million to wrap up the case.
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Solana-based Bonk has increased in value by 190% over the past week and is trading near ATH 00000345; Floki is another trending memcoin, recording a 350% increase in price on its weekly chart and is 16th in terms of trading volume. Most of the triple-digit growth recorded over the past week is relatively new compared to more established memcoins such as Dogecoin and Shiba Inu.

The major memcoins of the past cycle have also seen bullish gains, with #Dogecoin posting a 90 percent weekly gain and #Shiba Inu posting a 175 percent gain.
The enthusiasm around memcoins is similar to the last bull rally in 2021, when Dogecoin led a bull rally backed by Elon Musk.
Each cycle of enthusiasm for memcoins and their price volatility has helped some investors realize large returns on their investments in a short period of time. However, many other investors have often suffered large losses. Many crypto veterans believe that these tokens have a negative impact on the overall #cryptocurrency market.
I am glad that you are making money with Mimcoin. But it does not benefit the market, and I'm not morally inclined to deal with it. If I could ignore the ethical dilemmas, it would definitely be a gold mine. But it's not for me.
Most of the mimcoins that experienced huge gains during the bull peak were also among the tokens that experienced the sharpest declines. Some of them have lost more than 80% of their value since the peak.
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