Cryptocurrency Markets

The U.S. Treasury has removed Tornado Cash from its sanctions list, following a court ruling that smart contracts can’t be sanctioned as violators. The TORN token nearly doubled in value after the announcement, marking a key moment for DeFi privacy and regulatory clarity.

Pi Coin fell below $1 after a 32% drop, triggered by Binance’s delay, a tight unlock schedule, and centralization fears around Super Nodes. While developers are launching PiDAO Swap, questions remain about network governance and mobile miner inclusion.

David Sacks met with UAE National Security Advisor Tahnoun bin Zayed Al Nahyan to discuss the intersection of crypto and AI. Their conversation highlighted the potential to reshape global finance and the importance of strategic collaboration between governments and the private sector.

Bitcoin is down from its all-time high, but BlackRock’s digital asset head Robbie Mitchnick believes a recession could spark a major rally. As GDP contracts and unemployment rises, Bitcoin’s scarcity and role as a hedge could send it soaring—especially as stimulus and liquidity return to markets.

Watcher Guru’s X account was hacked to post a fake SWIFT-XRP partnership, timed just two days after the SEC dropped its Ripple appeal. The attacker used social engineering and auto-posting bots to spread the message. Ripple CEO Brad Garlinghouse now eyes an XRP ETF and U.S. reserve inclusion, as the case nears resolution.

The RWA tokenization sector has surpassed $10.2B in TVL, led by Maker, BUIDL, USDtb, and Ondo Finance. USDtb surged 1,177% this month, while tokenized Treasuries hit $4.2B in market cap. The sector continues to grow despite short-term crypto volatility.