News
6 Aug 2025, 21:00
Polkadot's DOT Gains as Much as 4% with Bullish Momentum Surge
Polkadot's DOT demonstrated a significant surge in large buyers' interest during a 24-hour trading period, with corporate treasury allocations and regulatory clarity driving sustained buying pressure, according to CoinDesk Research's technical analysis model. The model showed that price action demonstrated potential institutional-grade stability with sustained corporate interest indicators. As of July, Bifrost had secured over 81% of DOT’s liquid staking token (LST) market, boasting more than $90 million in total value locked (TVL), according to a post on X . The rally in DOT came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 2%. In recent trading, Polkadot was 2.1% higher over 24 hours, trading around $3.66. Technical Analysis: Institutional order flow patterns established strong support levels reflecting corporate investment committee decisions, according to the model. Corporate treasury allocation discussions potentially contributed to resistance formation near key technical levels. Trading volume exceeded institutional thresholds during standard corporate decision-making hours. After-hours volume spikes aligned with typical corporate announcement timing patterns. Reduced volatility periods suggest institutional accumulation phases ahead of potential enterprise adoption news. Price action demonstrated institutional-grade stability with sustained corporate interest indicators. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .
6 Aug 2025, 21:00
Manhattan jury could not reach a unanimous decision on whether Tornado Cash's Roman Storm conspired to launder $1B in crypto
Roman Storm, the embattled co-founder of Tornado Cash, faced the Manhattan federal jury on August 6, 2025, and despite all that has been said about him, the jury could not decide unanimously on whether he is a money launderer. According to prosecutors, the tool he created was used extensively by bad actors to “clean” over $1 billion in stolen cryptocurrency, including funds linked to the North Korean Lazarus Group . Manhattan federal jury delivers partial verdict According to reports , Storm on Wednesday faced a federal jury in Manhattan that was later disbanded because it was unable to agree on whether the 36-year-old co-developer of Tornado Cash qualifies as a money launderer. The trial had been going on for about three-and-a-half weeks, but it ended with a partial mistrial after the jury admitted they could not reach a unanimous verdict on the more serious charges leveled against him: money laundering and the violation of international sanctions, each carrying potential sentences of 20 years in prison. He was only found guilty of conspiring to operate an unlicensed money-transmitting business, a charge that could cost him a potential maximum sentence of five years in prison. It is far less than he could still serve, but the developer still appeared dejected as they read out the guilty verdict for that one count, according to reports. Storm was not detained post-verdict, even though prosecutors considered him a flight risk due to his links to his home country, Russia , and his access to millions in Ethereum. The case has once again sparked a debate on the previously contested topic of whether creators and developers are liable for how their products are used, a precedent-setting case under U.S. law. Roman Storm’s defense In its defense, Storm’s legal representatives argued that Tornado Cash was a privacy tool that was not designed for illegal use, and that developers shouldn’t have to suffer for users’ actions. The defense began earnestly on Monday but was forced to proceed without the presentation of what the court tagged “self-serving” evidence that included private messages in which Storm lamented how some were using the protocol for shady purposes. If admitted, the evidence would have proven Storm had no intention for Tornado Cash to be used as a money laundering tool for cybercriminals, defense attorneys wrote in a letter to Judge Katherine Polk Failla on Sunday. However, Failla remained unconvinced, and on Monday, she said most of the messages do not account for Storm’s state of mind when he created and contributed to the Tornado Cash protocol. To make the money laundering charge stick, prosecutors will need to prove beyond a reasonable doubt that he created and ran Tornado Cash solely for the purpose of laundering funds for cybercriminals. Storm is adamant that he built Tornado Cash for those particular about privacy on the blockchain and that he had no control over who used the protocol or what it was used for. But prosecutors counter with so-called evidence they say proves he marketed the platform as a money laundering solution rather than anything else. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
6 Aug 2025, 20:55
Orca DAO Proposal Unveils Revolutionary Solana Staking & ORCA Buyback
BitcoinWorld Orca DAO Proposal Unveils Revolutionary Solana Staking & ORCA Buyback Exciting news is brewing in the Solana ecosystem! The Orca DAO proposal is set to make waves, suggesting significant enhancements for the decentralized exchange (DEX) Orca. This isn’t just a minor update; it’s a strategic move aimed at bolstering the platform’s stability, increasing the value of its native ORCA token , and rewarding its dedicated community. Get ready to dive into the details of this ambitious plan. What’s Behind the Orca DAO Proposal? The Orca DAO, the governing body behind the popular Solana-based Orca DEX , recently put forth a significant proposal. This initiative centers on two core pillars designed to strengthen the protocol and benefit its participants. The primary aim is to enhance the long-term sustainability and attractiveness of the Orca ecosystem. At its heart, the proposal outlines the staking of a substantial portion of the DAO’s treasury assets. Specifically, 55,000 SOL currently held in the Treasury are earmarked for staking into an Orca Validator. This strategic move is intended to contribute directly to the security and decentralization of the Solana network, aligning Orca’s interests with the broader ecosystem. Moreover, the proposal introduces a robust ORCA buyback program . This program is designed to create sustained demand for the ORCA token, with a clear mechanism for how these repurchased tokens will be utilized. This proactive approach underscores the DAO’s commitment to creating tangible value for its token holders. Boosting Value: The ORCA Buyback Program One of the most anticipated aspects of the Orca DAO proposal is the establishment of a 24-month ORCA buyback program. This long-term commitment signals a strong belief in the future of the Orca platform and its native token. A buyback program typically involves a protocol using its generated revenue or treasury funds to repurchase its own tokens from the open market. The tokens acquired through this buyback initiative will not simply sit idle. The proposal specifies two potential uses for these repurchased ORCA tokens: Token Burning: A portion of the tokens could be permanently removed from circulation, reducing the total supply. This deflationary mechanism can potentially increase the scarcity and value of the remaining ORCA tokens. xORCA Rewards: Alternatively, the tokens could be used to enhance rewards for xORCA holders. xORCA represents staked ORCA tokens, and providing additional incentives for staking can encourage long-term commitment and participation in the DAO’s governance. This dual-purpose approach offers flexibility while consistently aiming to benefit the ORCA community, making the ORCA token more attractive for both users and investors. Strengthening Solana: Why Solana Staking Matters The decision to initiate Solana staking of 55,000 SOL from the Orca DAO Treasury into an Orca Validator is a significant step. Staking SOL directly supports the Solana network’s proof-of-stake consensus mechanism. By staking, Orca DAO contributes to the network’s security, stability, and decentralization. For Orca, running its own validator node offers several advantages. It demonstrates a deeper commitment to the Solana ecosystem, reinforcing its position as a key player. Furthermore, any staking rewards generated from this initiative could potentially be channeled back into the DAO’s treasury, providing additional resources for future development, community initiatives, or even further buybacks. This creates a virtuous cycle where supporting the underlying blockchain directly benefits the Orca DEX and its community. This move highlights a growing trend among decentralized applications to actively participate in the security and governance of their underlying blockchain, fostering a more robust and interconnected Web3 landscape. The Future of Orca DEX and ORCA Token The comprehensive Orca DAO proposal , encompassing both the Solana staking and the ORCA buyback program, paints a promising picture for the future of Orca. These strategic initiatives are designed to create a more resilient, valuable, and community-centric decentralized exchange. By actively managing its treasury and implementing mechanisms that directly benefit token holders, Orca aims to set a new standard for DEX operations. The potential for reduced token supply through burning, coupled with enhanced staking rewards, could significantly boost the utility and demand for the ORCA token . As the Solana ecosystem continues its rapid expansion, Orca’s proactive steps position it well to capture future growth and solidify its standing as a leading decentralized finance platform. Summary: A Bold Step Forward The Orca DAO’s recent proposal is a testament to its commitment to long-term growth and community value. By strategically engaging in Solana staking and implementing a robust ORCA buyback program, the Orca DEX is poised for an exciting future. These initiatives are not just about numbers; they are about building a stronger, more sustainable, and more rewarding ecosystem for everyone involved. Keep an eye on Orca as these transformative plans unfold! Frequently Asked Questions (FAQs) Q1: What is the primary goal of the Orca DAO proposal? A1: The main goal is to strengthen the Orca DEX, enhance the value of the ORCA token, and reward the community through strategic Solana staking and an ORCA buyback program. Q2: How will the ORCA buyback program operate? A2: The program will run for 24 months, repurchasing ORCA tokens from the open market. These tokens will then either be burned (removed from circulation) or used to provide additional rewards for xORCA holders. Q3: What are the benefits of Orca DAO engaging in Solana staking? A3: Staking 55,000 SOL contributes to the security and decentralization of the Solana network. It also allows Orca to earn staking rewards, which can be reinvested into the DAO for further development and community initiatives. Q4: What is xORCA? A4: xORCA represents ORCA tokens that have been staked within the Orca ecosystem. Holding xORCA typically grants users governance rights and access to staking rewards. Q5: When is the Orca DAO proposal expected to be implemented? A5: While the proposal has been made, the exact implementation timeline depends on the DAO’s voting process and subsequent technical execution. Keep an eye on Orca’s official channels for updates. Did you find this article insightful? Share it with your friends and fellow crypto enthusiasts on social media to spread the word about Orca DAO’s exciting plans! To learn more about the latest crypto market trends, explore our article on key developments shaping decentralized finance price action. This post Orca DAO Proposal Unveils Revolutionary Solana Staking & ORCA Buyback first appeared on BitcoinWorld and is written by Editorial Team
6 Aug 2025, 20:52
Trump Shakes Up the Fed: What Does It Mean for Interest Rates?
Kugler's resignation could increase Fed members supporting rate cuts from two to three. Trump's influence might lead to a clearer economic slowdown, affecting policy decisions. Continue Reading: Trump Shakes Up the Fed: What Does It Mean for Interest Rates? The post Trump Shakes Up the Fed: What Does It Mean for Interest Rates? appeared first on COINTURK NEWS .
6 Aug 2025, 20:49
Cosmos Health Secures $300 Million, Exploring Ethereum Treasury Strategy Amid Positive Market Response
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6 Aug 2025, 20:46
FED Senior Official Daly Makes Unexpected Statements: Interest Rate Cuts May Be on the Way
San Francisco Fed President Mary Daly said today that the Fed will need to cut interest rates soon, given the slowing labor market and the impact of tariffs on inflation, which she believes will be short-term. Daly said, “Inflation is gradually declining even without customs duties. As the economy slows and monetary policy remains tight, we anticipate inflation will continue its downward trend.” While acknowledging that customs duties will push inflation up in the short term, Daly noted that this effect will not be permanent. Daly also highlighted the weakening labor market, saying, “The labor market is already weak. A further slowdown would be concerning, because once the labor market deteriorates, it typically declines quickly and sharply. All of this suggests that monetary policy will need to be adjusted in the coming months.” Related News: BREAKING: Surprise Altcoin Suggests Selling SOL Coins and Buying Back Its Own Altcoins - Price Reacts Daly also noted that much work remains to be done to reduce inflation to the 2% target. He stated that monetary policy must be recalibrated to address various risks affecting the Fed's targets, and that action must be taken before uncertainties are fully resolved. “Tariffs are unlikely to push up inflation permanently over the long term. Therefore, monetary policy may not need to counteract this effect,” Daly said. *This is not investment advice. Continue Reading: FED Senior Official Daly Makes Unexpected Statements: Interest Rate Cuts May Be on the Way
