El Salvador’s Bitcoin strategy is under scrutiny as the nation’s agreement with the IMF restricts its ability to purchase new Bitcoin and has led to a lack of public education on its use. This situation raises concerns about the effectiveness of the government’s Bitcoin initiatives, which seem to favor governmental accumulation over public benefit. Meanwhile, in the U.S., the DOJ is considering charges against Dragonfly’s Tom Schmidt in the Tornado Cash case, highlighting the complexities of venture capital involvement in crypto. The case suggests that investors could face liability for their portfolio companies’ actions, potentially chilling investment in privacy-focused projects. In the meme coin market, FartCoin is experiencing a correction after being rejected at $1.64, with traders eyeing the critical $1.05 support level. Additionally, BNB and Ethereum are showing slight fluctuations in their trading values, with BNB surpassing 780 USDT and Ethereum crossing 3,700 USDT. These developments reflect the ongoing volatility and regulatory challenges within the cryptocurrency landscape.
Show more Show less