Crypto Weekly Roundup: Tornado Cash Sanctions Removed, BitHumb Raided, & More

Dear reader, gather ’round and behold the whirlwind of events that hath beset the world of cryptocurrency this week! 🤯 It appears the U.S. Treasury hath lifted its sanctions on that most infamous of mixing tools, Tornado Cash, much to the chagrin of those who had hoped to see it suffer the slings and arrows of outrageous fortune. And, in a most curious turn of events, Pakistan hath seen the error of its ways and is now preparing to legalize cryptocurrency for foreign investment. Ah, the tides of fortune do indeed turn! 💸

Bitcoin

It seems Michael Saylor’s Strategy hath acquired a mere 130 additional Bitcoins, a paltry sum indeed, yet one that doth demonstrate a certain… let us say, enthusiasm for the cause. 💰 And, in a most heartening development, the U.S. Spot Bitcoin ETFs have seen a 4-day run of net inflows, a trend that doth bode well for the future of this most esteemed of cryptocurrencies.

DeFi

Behold, dear reader, the launch of PumpSwap, a decentralized exchange of the Solana variety, designed to streamline token trading and reduce user friction. A most noble pursuit, indeed! 🚀 And, in a most spirited display of competition, Raydium doth find itself facing off against this new upstart. May the best exchange win! 🏆

Technology

The Interchain Foundation hath seen fit to open-source evmOS, now rebranded as Cosmos EVM, a standard Ethereum Virtual Machine framework for the Cosmos ecosystem. A most enlightened decision, indeed! 💡

Business

Alas, dear reader, it appears that Bithumb hath found itself on the receiving end of a most unpleasant visit from the South Korean prosecutors, who do accuse the exchange’s former CEO of misusing company funds for personal real estate. A most… distressing development, indeed! 😱

And, in a most intriguing move, Volatility Shares hath launched the first Solana futures-based ETFs in the U.S., offering traditional investors a chance to dip their toes into the world of cryptocurrency. Ah, the waters of finance do indeed run deep! 🌊

Furthermore, a special-purpose acquisition company (SPAC) hath been launched by former and current Trump Media & Technology Group executives, with the express purpose of raising $179 million to purchase a US-based cryptocurrency or blockchain firm. A most… audacious plan, indeed! 💸

And, in a most welcome development, Investment manager VanEck hath registered a trust company for an Avalanche (AVAX) exchange-traded fund (ETF) in Delaware. A most… enlightened decision, indeed! 💡

Lastly, Canary Capital hath submitted an S-1 filing with the SEC to launch the first spot ETF tracking the SUI token, a most… significant development in the push for altcoin-backed investment products. Ah, the winds of change do indeed blow strong! 💨

Security

Microsoft hath uncovered a most insidious remote access trojan, StilachiRAT, engineered to steal cryptocurrency credentials and sensitive system data using advanced evasion and persistence techniques. A most… distressing discovery, indeed! 😱

Regulation

The United States Treasury Department hath seen fit to lift the sanctions imposed on Tornado Cash and remove it from its global blacklist, a most… curious decision, indeed! 🤔

And, in a most welcome development, Pakistan is preparing to introduce a legal framework for cryptocurrency use in foreign investment, a most… enlightened move, indeed! 💡

And so, dear reader, we bid thee adieu for this week, with hopes that the next shall bring even more thrilling developments in the world of cryptocurrency! 🤞

2025-03-23 15:22