Crypto

With a sentencing hearing scheduled in a matter of weeks, Roman Storm is potentially looking at five years in jail for running an unlicensed money transmitting service. A Manhattan jury found Tornado Cash co-founder and developer Roman Storm guilty of charges related to conspiracy to run an unlicensed money business. In a Wednesday decision in the US District Court for the Southern District of New York (SDNY), Storm was found guilty of one felony charge related to his role at Tornado Cash, according to court reports from Inner City Press. The jury convicted Roman on conspiracy to run an unlicensed money transmittal business, which carries a maximum sentence of up to five years in prison. No unanimity was reached on charges of conspiracy to commit money laundering nor on conspiracy to violate North Korea sanctions. Read more

WazirX creditors say the order affirms user rights and raises hope for stronger regulatory oversight after the exchange’s $235 million hack.

The Roman Storm trial has hit a snag after four days of jury deliberations, with jurors informing the court that they remain deadlocked on certain charges, according to an Aug. 6 court reporting from Inner City Press. Judge Katherine Polk Failla revealed that the jury had submitted a note stating some members were firmly set […] The post Jurors deadlocked in Roman Storm trial over Tornado Cash allegations appeared first on CryptoSlate.

XRP has surged 41.2% so far this year, nearly doubling Bitcoin’s gains, and fueling an increasingly bullish XRP price prediction as momentum builds.With whispers of altcoin season growing louder, XRP is well-positioned to ride the wave, especially as Ripple capitalizes on a major regulatory shift in the United States.Donald Trump’s pro-crypto administration has made bold […] The post XRP Price Prediction: XRP Climbs as Bitcoin Stalls – Could $10 Come This Week? appeared first on Cryptonews.

Bitcoin’s Lightning Network capacity has declined from over 5,400 BTC in late 2023 to around 4,200 BTC by August 2025, a roughly 20% drop, per mempool.space data. While the raw figures imply a contraction, analysts and developers suggest the shift reflects structural evolution in routing and protocol design rather than a retreat in adoption. Lightning […] The post Why Lightning Network capacity declining 20% in 2025 is NOT as bad as it sounds appeared first on CryptoSlate.

PENGU drops 12% amid market dip but sees whale accumulation after listing on Robinhood Advanced trading platform.

Bitcoin’s tight consolidation and Ether’s shallow pullback suggest a directional move could be around the corner. Key points: Bitcoin is trading in a tight range, indicating a possible breakout in the next few days. Buyers have not ceded much ground to the bears in Ether, suggesting the continuation of the rally. Read more

XRP is gaining renewed traction in Asia, driven by fresh institutional interest and infrastructure developments in South Korea and Japan, two of the region’s key crypto hubs. This resurgence comes as the token’s price has remained relatively bound around the $3 mark over the past month, coinciding with the continued expansion of the XRP Ledger’s […] The post Institutional interest boosts XRP’s resurgence in South Korea and Japan appeared first on CryptoSlate.

Internet Computer falls amid volatile trading, but rebounds off $4.97 lows with elevated volume

AlphaPoint’s Reba Beeson dives into the trends and regulatory policy shifts driving crypto M&A, cementing its role as core infrastructure for the future of finance.

Memecoin trades with 50% price spread intraday.

Tech giant Meta touts new anti-scam features as platforms face growing pressure to tackle organized fraud networks stealing crypto from users.

Ethereum (ETH) faces heavy sell pressure as whales deposit $69M and Net Taker Volume hits -$418M, sparking trend reversal concerns.

Bakkt is acquiring a 30% stake in Japanese firm Marusho Hotta and is expanding into Asian crypto markets.

XRP price faces mounting pressure as whales exit, and $2.65 emerges as the line between recovery and a bigger correction. Key takeaways: After dropping 19% in three weeks, XRP faces strong resistance at $3.10-$3.00, with key support at $2.65. Whales have offloaded over 640 million XRP tokens since July 9. Read more

Ripple Labs has urged the US Senate to revise its proposed crypto legislation, warning that the current draft introduces more confusion than clarity. The blockchain firm submitted its response on Aug. 5, addressing concerns about regulatory overreach and vague definitions that could stifle innovation across the digital asset space. The comments come in response to […] The post Ripple warns Senate draft could put ETH, SOL, XRP under SEC oversight forever appeared first on CryptoSlate.

Crypto volatile amid weaker macro picture. BTC ETF outflows continue, ETH turns positive. Short term BTC holders dump $18b as whales buy. Liquid staking Activities are not securities: SEC. China testing out Yuan stablecoins. Brazil considers BTC reserve. Japan’s SBI files for various crypto ETFs. Michigan pension fund triples BTC ETF exposure. Sharplink bought $304m ETH last week. Metamask plans to launch stablecoin. Base briefly goes down due to sequencer failure. CZ seeks dismissal of $1.8b FTX lawsuit. Hyperliquid earned 35% of July blockchain revenue. BitBridge to go public as BTC treasury firm. BNB discloses new infrastructure roadmap. LTC leads alts, MEI Pharma launches $100m treasury. Pendle to allow speculation on crypto funding rates.

NEAR Protocol registers a volume-backed breakout, climbing above key resistance as institutional activity and cross-chain development fuel bullish sentiment.

Judge issues Allen charge after jury deadlocks in Tornado Cash trial, keeping the case alive as questions mount over crypto developer liability. After four days of deliberations, jurors in the Roman Storm trial told the court they remain deadlocked on some charges, prompting the use of an Allen charge to encourage further discussion. An Allen charge, sometimes called a “dynamite charge,” is a special instruction a judge gives to a deadlocked jury, urging them to re-examine their positions and attempt to reach a unanimous verdict. According to court reports on Wednesday by Inner City Press, Storm’s lawyer Brian Klein opposed the charge, arguing that the jury had made it clear a unanimous verdict was unlikely and instead urged the court to consider accepting a partial verdict. Read more

DeFi and RWA protocols are rebranding themselves as Layer 1s to capture infrastructure-like valuations. But most remain narrowly focused applications with little sustainable economics — and the market is beginning to see through it, says Avtar Sehra.