🚀 Ross Ulbricht’s New Chapter
Ross Ulbricht who was —jailed in 2015, long before most of us even knew about crypto—was pardoned by Trump. A look back at his infamous Silk Road marketplace reminds us how wild the early Bitcoin days were. Two BTC for a dose of cannabis? Crazy, right? 🤯
To celebrate his release, Kraken donated $111,111 in BTC to Ross, stating:
"After what you've been through, we want to help you land on your feet with the support of the Bitcoin community."
Justice, Bitcoin love, and a fresh start for Ross—what a story. 💪💸
💰 430 BTC: Retirement Plan Unlocked?
Turns out Ross Ulbricht has 430 untouched BTC sitting on wallets since his arrest—now worth $47M! Not bad for 10 years behind bars. 🤯
Coinbase exec Conor Grogan found the stash, noting it was never confiscated when Silk Road was shut down in 2013. Back then, BTC was $120. Today? It’s grown 1,000x.
Whether Ross still has access is anyone’s guess, but if he does… retirement’s looking pretty golden. 🤑🌟
###💥 Justin Sun’s “What If I Ran Ethereum” Plan 💡
Justin Sun shared his bold vision for Ethereum leadership, promising “ETH to $10,000” with an aggressive first-week strategy:
1️⃣ No more ETH sales for 3 years. Revenue would come from staking, borrowing, and AAVE lending to support Ethereum's deflationary goals.
2️⃣ Layer 2 projects taxed heavily, aiming to generate $5B annually for ETH buybacks and burns.
3️⃣ EF staff overhaul: Drastic downsizing, merit-based rewards, and big salary boosts for top performers.
4️⃣ Fee burns > Node rewards: Doubling down on ETH as a deflationary store of value.
5️⃣ Layer 1 focus: All resources redirected to scaling and security.
Sun claims these moves would push ETH to $4,500 in a week and set the stage for $10,000+. Ambitious or just crazy? 🌕🔥
💥 Tornado Cash Sanctions Overturned! 🌪
⚖️ On January 21, the U.S. Fifth Circuit Court of Appeals overturned the OFAC sanctions against Tornado Cash imposed in 2022, calling them illegitimate and an overreach of authority.
The case is back in the Texas District Court for further review.
Meanwhile, Tornado Cash developer Alexey Pertsev remains in custody, with hopes that this decision could positively impact his case.
🌟 The news sent $TORN soaring by 300% now trading around $24.
💰 Authorities allege Tornado Cash facilitated the laundering of over $7B, with $455M tied to the North Korean Lazarus Group.
Pertsev was convicted in the Netherlands for laundering $1.2B and sentenced to 64 months in prison.
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