Blockchain competitors and recent decisions by institutional investors chip away at Solana’s market share. Will this impact SOL price? Key takeaways: SOL’s perpetual futures funding rate turned negative, highlighting a lack of confidence among traders. Despite strong fundamentals, institutional players continue to avoid Solana due to MEV concerns. Read more
The judge reportedly said she would not be inclined to have attorneys bring up the US Treasury’s 2022 sanctions against Tornado Cash after they were withdrawn in March. The judge overseeing the US criminal trial of Tornado Cash co-founder and developer Roman Storm said she was “inclined” to disallow any mention of the 2022 sanctions against the cryptocurrency mixing service in court. According to reporting from Inner City Press on Tuesday, Judge Katherine Failla of the US District Court of the Southern District of New York said she was unlikely to grant a motion prohibiting the mention of North Korea and the hackers in the Lazarus Group as part of prosecutors’ case against Storm. However, the judge reportedly said she was “inclined to keep out the August 2022 sanctions, since they were later withdrawn.” The sanctions in question referred to the US Treasury’s Office of Foreign Assets Control (OFAC) sanctions adding addresses connected to Tornado Cash to its list of Specially Designated Nationals in 2022. Howe...
The sustainability-focused platform uses Avalanche to tokenize municipal loans, giving DeFi investors direct exposure to government-backed renewable energy infrastructure. Projective Finance, a sustainability-focused real-world asset (RWA) financing platform, has launched a $7 million lending pool for Illinois public schools, giving decentralized finance (DeFi) investors direct access to municipal infrastructure projects in the United States. The lending pool will fund solar energy installations across school districts in the state of Illinois, with infrastructure loans executed entirely onchain, Projective Finance said. By leveraging blockchain technology, “What traditionally required multiple intermediaries, fund structures, and minimum investments in the tens of millions can now be accessed directly with full transparency,” said Josh Chinnaswamy, Projective Finance’s co-founder. Read more