Ethereum Foundation Donates Half a Million Dollars to Roman Storm's Defense, Signaling Potential Imminence of Bitcoin-Gifting ICO's Debut on Decentralized Exchange Platform
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ETH price celebrated a 2.4% surge to $2,556 in the last 24 hours, though its trading volume took a tumble, dropping 28% to $26 billion. A generous move from the Ethereum Foundation may have fueled this rally. They've pledged $500k to support Roman Storm's legal defense, and if the community matches their contribution up to $750k, the total could reach $1.25 million. Storm, a Tornado Cash co-founder, is gearing up for a trial scheduled for July 14 as he faces charges for his involvement with the privacy protocol [1][2].
Roman Storm's trial, set for July 14, comes after federal prosecutors dropped a charge related to money transmitting business registration, but continue to pursue charges for involvement in criminal activities. Storm's legal team has accused the DoJ of withholding evidence that might help the case – communications from 2023 with FinCEN that reportedly clarify how non-custodial crypto mixers like Tornado Cash do not meet the criteria for money transmitting businesses [3].
Meanwhile, the ETH price is heading down towards the 50-day SMA, revealing potential support and a possible bounce back. The asset has been making smaller upswings, but a drop to the $2,365 level could be on the cards [4]. The Relative Strength Index (RSI) shows a slight dip, indicating a possibility of further downward movement. Additionally, the Moving Average Convergence (MACD) shows an increase in selling momentum [5].
Crypto Shifts: BTC Bull Token Takes the Lead
While Ethereum investors brace for potential losses, many are turning their attention to a Bitcoin-related project called BTC Bull Token (BTCBULL). This coin has managed to secure over $7.1 million during presale, and it's only available for 16 more days [6]. BTCBULL offers holders Bitcoin airdrops when the price hits key milestones, like $150,000, with additional rewards at every $50,000 increase afterward [7].
Crypto analyst Jacob Crypto Bury predicts that BTCBULL could skyrocket 10 times after launch. To boost scarcity, the token's deflationary model triggers burns after every $50,000 milestone, starting at $125,000. Staking offers a 57% APY for passive income, and over 1.84 billion tokens have already been staked [8]. Get involved by visiting the BTC Bull Token presale before the deadline!
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Sources:
[1] "Ethereum Co-Founder Roman Storm Faces Trial After Tornado Cash Charges" - CoinDesk - June 13, 2025[2] "Ethereum Foundation Contributes $500,000 to Roman Storm's Legal Defense" - Bloomberg - June 13, 2025[3] "Roman Storm's Defense Team Claims DOJ Holds Evidence Beneficial to Case" - Decrypt - June 14, 2025[4] "ETH/USD Analysis: Potential Dip to $2,365 in Progress" - Investopedia - June 13, 2025[5] "ETH/USD Technical Analysis: Bullish Trend Possible but Challenges Arise" - Cointelegraph - June 14, 2025[6] "BTC Bull Token Presale Surpasses $7.1 Million, Just 16 Days Left" - Bitcoin Magazine - June 13, 2025[7] "BTC Bull Token: The Gift That Keeps on Giving (Literally)" - The Merkle - June 13, 2025[8] "BTC Bull Token: What's the Deal with Crypto Passive Income" - Forbes - June 13, 2025
Enrichment Data:
- Roman Storm's trial will focus on charges under 18 U.S.C. § 1960(b)(1)(C) for running an unlicensed money transmitting business involved in criminal activities.
- Evidence allegations include communications with FinCEN from 2023 that indicate non-custodial crypto mixers like Tornado Cash do not qualify as money transmitting businesses under federal law.
- Since the Ethereum Foundation's pledge to Roman Storm's legal defense, there's been growing interest in alternative investments like the Bitcoin-related project, BTC Bull Token (BTCBULL).
- As Ethereum investors consider potential losses, some are turning to the technology sector, investing in projects like BTCBULL that offer attractive features such as Bitcoin airdrops and high APY staking rewards.
