Cryptonews

The court, presumably using a rubber stamp labelled ‘Nope,’ vacated a lower court’s ruling and told everyone to pack up their legal scrolls and go home. Both Coin Center and the Treasury agreed that, frankly, there are more exciting things to argue about, maybe even whether pineapple belongs on pizza. This spells the end of Coin Center’s quest to challenge the authority of the Treasury’s Office of Foreign Assets Control (OFAC) in making life difficult for Tornado Cash, a mixing service for money—or at least, things that might once have been money, before magic internet people got hold of it.

We caught up with Rand at the swanky Cannes conference, where he spilled the beans on Zama’s journey, the mounting investor interest, and the potentially transformative implications of this technology. With a billion-dollar valuation and a team of cryptography wizards, Zama is the company to watch in the blockchain space.

At the time of writing, the PI price is hovering around $0.4561, and, quite frankly, it’s been on a bit of a downward spiral. So, what’s behind this PI price plummet? 🤔

Currently, Ethereum enables only a single transaction to consume all the gas within a block, a feat that may destabilize the network. EIP-7983 implements a hard gas limit per transaction to 224, or 16.77 million gas units. Block validation would reject any gas request exceeding this limit, and such a transaction would not be able to make it to the network or any block. A wise decision, indeed, to prevent the chaos that may ensue. 🚫

In a report seen by Bloomberg, analysts, including George Cole, say that they’re lowering their end-of-year targets for yields and are revising their expectations for Fed cuts in 2025. 📉

UAE: Zero tax on all crypto activity, because who needs taxes when you have oil? 💸

Hold the phone, folks—XRP is still rocking the $2.25 mark like it’s auditioning for a role in a blockbuster crypto movie. Despite all the market ups and downs, XRP has been holding strong, and even better, it’s grown by a solid 3.7%! 💰 The market volume shot up over 91%, making investors do a double-take. A little bit of excitement, huh? The XRP train is picking up steam, and there’s no stopping it. (Well, except maybe a tiny dip to $1.24, but let’s not dwell on that—it’s just a brief pit stop.)

So, what’s the deal? They’ve accumulated 1,904 BTC (Bitcoin, for those of you still using a flip phone) valued at approximately €172 million. Let’s just say, if they were buying drinks, you wouldn’t want to be the one picking up the tab. Oh, and each BTC cost them a little over €90,000—no biggie, just a small loan from your local bank’s vault.

And who else but the one and only Justin Sun, Tron’s founder, to champion this move? 🙌 Sun, who has been Trump’s crypto BFF in recent months, proudly reposted the announcement. As one of the earliest and largest backers of the TRUMP token, Sun has been the poster boy for the former president’s crypto empire. It’s like a modern-day fairy tale, but with more blockchain and less glass slippers.

For those convinced that Cardano’s real problem is a love-hate relationship with stablecoin giants, Hoskinson suggests something revolutionary: maybe, just maybe, it’s about basic economics. He reminisced about the time Circle offered to bring USDC to Cardano back in 2021—along with a $3 million invoice. The Cardano Foundation responded the way most of us react to a high restaurant bill: with a firm “nope.” “They just said no, which was just unbelievable to me. But that was that.”