Bitcoin’s flash crash could be followed by a 64% rally if historical data rings true again. Key takeaways: Bitcoin returns after major downside catalysts have exceeded 64.6% since 2010, suggesting that the recent escalation of tensions in the Middle East could be a BTC purchasing opportunity. Despite trading near all-time highs, Bitcoin’s Puell Multiple remains in the discount zone, indicating institutional accumulation and undervalued market conditions. Read more
The Iranian forces shot down two Israeli fighter jets on Friday in its territory during a massive Israeli strike, the state-owned media reported. “At least two Israeli fighter jets were shot down in Iranian skies,” IRNA, the government-owned news agency reported without elaborating the details. Meanwhile, the Iranian media reported that the Islamic Republic of […]
Roughly two years after the initial indictment, the Tornado Cash developer’s criminal trial is expected to begin on July 14. The Ethereum Foundation said it will be donating $500,000 to the legal defense of Tornado Cash co-founder and developer Roman Storm, who faces charges related to allegations he conspired to run the crypto mixing service as an unlicensed money transmitter. In a Friday X post, the foundation said it would contribute $500,000 to Storm’s defense, as well as match up to an additional $750,000 in donations from the crypto community. The announcement came roughly a month before Storm is expected to stand trial in New York for money laundering, conspiracy to operate an unlicensed money transmitter, and conspiracy to violate US sanctions. Read more