Former Binance executive Ryan Horn joins Hilbert Group to advise on Syntetika, an onchain platform for tokenized funds, as global finance races to bring traditional assets to blockchain. Former Binance dealmaker Ryan Horn has joined the advisory board of Hilbert Group, a Sweden-based, publicly listed digital asset manager, to support the rollout of Syntetika, its onchain platform for tokenized assets and funds. At Binance, Horn secured high-profile partnerships, including a deal with football star Cristiano Ronaldo. Hilbert Group manages crypto-focused investment products for institutional and professional investors. Through algorithmic trading strategies, it applies a traditional asset management structure to digital asset markets, including regulated oversight and fund governance. Syntetika, now in development, will issue and trade tokenized funds under regulatory oversight. It will integrate Galactica’s zero-knowledge system to verify users without exposing personal information and give investors tokenized...
After a New York jury found the Tornado Cash co-founder guilty of one of three charges he had been facing, US authorities still have the option of filing for a retrial. Roman Storm’s legal team and US prosecutors have agreed to extend procedural deadlines that could affect retrying the Tornado Cash co-founder on conspiracy to commit money laundering and conspiracy to violate sanctions. In a Monday filing in the US District Court for the Southern District of New York (SDNY), Judge Katherine Failla approved a schedule agreed upon by Storm’s lawyers and the US government that will push the start of any potential retrial. Though prosecutors did not suggest whether they intended to retry Storm on the two felony charges, any scheduling on the matter would likely be pushed to later in 2025 beyond the 70-day deadline following “the conclusion of the initial trial.” Read more
The $2.4 billion represents roughly 43.5% of the known money Donald Trump has gained from “personal enrichment” during his political career. US President Donald Trump has gained roughly $2.4 billion from his crypto-related ventures since entering the space in 2022, according to estimates from The New Yorker. The gains show a diversification of the Trump family’s crypto income streams and raise new concerns for a Commander-in-Chief overseeing the industry’s regulation in the United States. According to the report, Trump has gained an estimated $14.4 million from his non-fungible tokens (NFT) collections, $412.5 million from token sales via World Liberty Financial, $243 million from crypto deals with the United Arab Emirates, $13 million from Bitcoin (BTC) mining company American Bitcoin, $1.3 billion from BTC treasury company Trump Media and Technology Group, and $385 million from the Official Trump (TRUMP) memecoin. Overall, Trump’s crypto ventures account for 43.5% of the known personal wealth he has accumul...