Circle’s USDC accounted for 63% of salaries paid in crypto in 2024, outpacing USDt despite its trading dominance, according to Pantera’s global compensation survey. The number of crypto professionals receiving salaries in digital assets has tripled over the past year, with 9.6% now paid in stablecoins, according to a report by venture capital company Pantera Capital. Based on over 1,600 responses from crypto professionals across 77 countries, the report points to a shift toward blockchain-native payroll systems and growing institutional trust in dollar-backed assets, like USDC Coin (USDC) and USDt (USDT). Circle’s USDC led the way, accounting for 63% of all crypto payrolls, despite Tether’s USDt being the most traded stablecoin by volume worldwide. Read more
Roman Storm's trial verdict leaves the door open for US prosecutors to retry the Tornado Cash developer, attorneys said. The US government can still retry Tornado Cash developer Roman Storm on counts of money laundering and violating sanctions due to a hung jury, according to attorneys. “The Department of Justice (DOJ) will decide in the coming days if it wants to retry those charges in a new trial,” Jake Chervinsky, chief legal officer at venture capital firm Variant Fund, wrote on X. Storm was convicted on one felony count for his involvement with Tornado Cash on Wednesday. The jury found him guilty of conspiracy to operate an unlicensed money transmitting business. Read more
Bitcoin benefits from a weaker dollar, but credit market signals warn of possible investor caution that could prevent the bulls from making a run at $120,000. Key takeaways: Dollar weakness alone may not be enough for Bitcoin to reclaim $120K. Ongoing global trade tensions add uncertainty to Bitcoin’s short-term price outlook. Read more