Wintermute deposited 69.33 million USDC into Binance in the past 24 hours

Odaily Planet Daily News: According to official announcements, the Binance contract platform will launch VVVUSDT perpetual contracts on January 29, 2025 at 16:15 (GMT+8 time), with a maximum leverage of 25 times.

Odaily Planet Daily News: Against the backdrop of optimism about the legislative/regulatory progress of Congress supporting cryptocurrencies and the restructured US SEC, the Blockchain Association has announced its "consensus stance" on digital market structural policies. The advocacy organization has developed 12 recommendations with the help of its over 100 member companies. One of the recommendations calls for the establishment of a regulatory framework that positions the United States as the "preferred center" for investment and technological progress, while another seeks to protect the right to self manage digital assets using non custodial wallets. We believe that effective encryption policies require innovation and respect for user security. Our primary principles are competition and consumer protection: promoting business growth in the United States while ensuring strong market safeguards and standardized disclosure. Intelligent and applicable regulation must be precise. Our scope and infrastructure principles emphasize a focus on financial activities while protecting the underlying blockchain technology. Innovation needs to protect builders and users. Our principles support both open source developers and network participants - ensuring the responsibility protection of code creators and contributors, while maintaining broad participation in unlicensed networks. Digital assets are a global technology. Our principles apply to both international markets and decentralized applications - reducing cross-border friction while establishing appropriate frameworks for unmanaged software. Clear rules promote growth. Our token classification and custody principles establish a framework for different asset types, while protecting individual self custody rights and institutional custody solutions. Finally, implementation is crucial. Our principles of pledge and regulatory transition provide pathways for existing and emerging business models, while supporting cybersecurity and ensuring orderly market development

Odaily Planet Daily News: "New Bond King" Gunlak said that the upcoming interest rate decision by the Federal Reserve is the most predictable "hold back" in recent years. However, although most people expected the Federal Reserve to keep interest rates stable at this week's meeting, traders increased their bullish bets on US treasury bond bonds because they hoped that Federal Reserve Chairman Powell would signal a possible interest rate cut at the meeting in March. Gunlak said that the focus of Powell's press conference should be on the dual mission of price stability and full employment, "the relationship between the two is currently in a tense state, so this is more prominent than ever before. (Golden Ten)

The Electronic Frontier Foundation (EFF), a prominent digital rights group, has filed an amicus brief in support of Roman Storm, a developer of the crypto privacy protocol Tornado Cash (TORN).Storm has been charged with conspiracy to facilitate money laundering, operating an unlicensed money transmitter, and violating sanctions in relation to his work on the Tornado Cash protocol.“The government’s prosecution raises larger civil liberties concerns that could chill the future development of privacy-enhancing technologies more broadly," the EFF wrote in the brief.The EFF argues that Storm's prosecution threatens open-source innovation as the core issue in the case of holding developers responsible for how their tools are used, instead of prosecuting bad actors directly, could have a chilling effect on privacy-focused software development."Nearly all privacy and anonymity protective software tools are dual-use tools. Like a physical mask or paper cash, they provide needed, often critical protections for users, but can also be used by bad actors to help hide their crimes," the EFF wrote.In the prosecution of Storm, the government is relying on the International Emergency Economic Powers Act (IEEPA), which allows it to impose economic sanctions and restrict transactions during national emergencies. This application, the EFF argues, is inappropriate.“If the government believes it is appropriate to criminalize these technologies, it must seek relief from Congress and not rely on IEEPA and the other laws deployed in this prosecution, or, worse, attempt to bootstrap ancillary activities even further removed from any criminal acts into the ambit of these laws,” the EFF wrote.If Congress wants to regulate tools like Tornado Cash, the EFF argues, it has the authority to pass a law that clearly distinguishes legal from illegal use, but the prosecution in this case fails to provide that clarity.The TORN token is up nearly 50% in the last month, according to market data, on optimism of a favorable outcome for Storm.Storm is due back in court in April.