Production at the Ford Otosan plant in Craiova increased in the first six months of 2025, marking one of the best half-year periods since the Turkish-American company took over the facility. Data released by the group indicates a 4% increase over the same period last year, to 127,010 vehicles, which sets the stage for achieving the full-year target: 240,000 to 260,000 vehicles, according to the carmaker's report.
XRP vastly outperformed ETH over the past year, but institutional investor demand for Ether could change the trend. Key takeaways: XRP leads in yearly gains, surging 552% since July 2024 and 49% year-to-date. ETH sees major institutional adoption, with over $4.4 billion in holdings from firms like Bit Digital and BlackRock. Read more
After about two weeks of hearing from US government witnesses, Roman Storm’s legal team called Preston Van Loon to the stand to kick off its defense case. Prosecutors in the criminal trial of Tornado Cash co-founder and developer Roman Storm rested their case on Thursday, opening the door for defense counsel to call an Ethereum core developer as its first witness. According to reporting by Inner City Press on Thursday from the US District Court for the Southern District of New York, Ethereum core developer Preston Van Loon testified in Storm’s defense case, which is expected to last about a week. The developer reportedly described Tornado Cash as a “privacy tool for Ethereum” and said he had used the mixing service four times to send a combined 43 Ether (ETH) in 2019 or 2020, citing safety concerns. “If [hackers] know the scope of my assets I can become a target,” said Van Loon, according to reporting from the courtroom. Read more