The US has lifted sanctions against crypto mixer Tornado Cash but the procedure has drawn widespread criticisms. Coinbase Chief Legal Officer (CLO) Paul Grewal has taken swipes at the US Treasury for its “botched” attempt at waiving the need for a final judgment.
Coinbase CLO Pokes Holes In US Treasury’s Latest Court Filing
In a strongly worded post on X, Coinbase CLO Paul Grewal railed against the US Treasury’s handling of Tornado Cash’s delisting from the sanctions list. According to Grewal’s disclosure, the US Treasury filed a pleading to moot the need for a final judgment on the matter.
In legal terms, a party to dispute can apply to moot a final judgment, arguing that the issue at hand is no longer significant or actionable. Following Tornado Cash’s removal from the Specially Designated Nationals and Blocked Persons (SDN) list, the US Treasury’s latest filing seeks to waive a final judgment on the case. Tornado Cash users have been in court, challenging the US Treasury’s decision to place the mixer on the SDN list.
However, Grewal argues that the filing runs contrary to established legal processes in the US. He notes a proper filing follows only if the defendant can show that the “practice cannot reasonably be expected to recur.”
The Coinbase CLO cited several legal precedents involving law enforcement agencies removing sanctions and not moving a case. He argues that without a final court judgment, law enforcement can review their decision to impose fresh sanctions at a future date.
“Treasury has likewise removed the Tornado Cash entities from SDN, but has provided no assurance that it will not re-list Tornado Cash again,” said Grewal.
A Protracted Legal Battle Against Authorities
The road toward the lifting of Tornado Cash’s sanctions was long and winding. A raft of Tornado Cash users headed to court to protest the placing of the mixer on the SDN list. US authorities say the mixer played a principal role in laundering nearly $500 million worth of stolen digital assets by North-Korean backed Lazarus Group.
After notching a series of small wins in Court, Grewal criticized the US Treasury for failing to comply with a court ruling clarifying the status of Tornado Cash’s smart contract. The court ruled that the smart contract did not form property under the IEEPA as it is non-erasable.
Tornado Cash has received support from Coinbase with the Ethereum Foundation supporting the legal defense of lead developer Alexey Pertsev.
XRP price now surged 13% following the SEC’s surprise withdrawal from its landmark case against Ripple Labs, reigniting investor confidence and dramatically shifting market dynamics.
With regulatory uncertainty lifted, XRP has swiftly overtaken Solana (SOL) in spot trading volume, capturing over half the market—a remarkable shift from Solana’s previous dominance of up to 80%.
Analysts from blockchain analytics firm Kaiko highlight that this newfound legal clarity significantly enhances XRP’s prospects for an ETF approval in 2025, setting the stage for an exciting new chapter in XRP’s growth story.
XRPTurbo: The Launchpad Powering XRP Innovation
XRPTurbo is strategically positioning itself as a groundbreaking decentralized launchpad specifically tailored for projects on the XRP Ledger.
Just as Kickstarter transformed traditional crowdfunding, XRPTurbo is revolutionizing how blockchain startups—particularly those focused on Real-World Assets (RWA) and AI-driven platforms—gain community support and funding within the XRP ecosystem.
The ongoing presale of its native token, $XRT, has already raised more than 155,000 XRP in just a few short weeks.
XRPTurbo offers investors more than mere speculation.
The $XRT token is a vital utility token at the core of XRPTurbo’s extensive platform, unlocking multiple use cases and revenue opportunities:
AI and RWA Project Launchpad: XRPTurbo is set to become the go-to incubator for cutting-edge AI and Real-World Asset startups, backed by the vibrant XRP community’s direct involvement.
Liquid Staking Portal: XRP holders will benefit from XRPTurbo’s innovative staking mechanism, offering over 25% APY, enabling them to earn substantial passive income without sacrificing liquidity.
Token & NFT Minting Engine: XRPTurbo streamlines token and NFT creation on the XRP blockchain, drastically reducing complexity and costs, ensuring wide-scale adoption.
Early Investors Benefit From Unique Pricing Model
XRPTurbo’s presale doesn’t set a fixed token price. Instead, the final price of $XRT tokens is determined by the total XRP raised—meaning early participants have the opportunity to secure the lowest possible entry.
Immediately after the presale concludes, XRPTurbo plans to list the $XRT token on at least two major crypto exchanges at a price 25% higher than the final presale valuation, offering presale participants instant profitability.
Adding to investor excitement, XRPTurbo recently announced in its private Telegram community that the first official demo of its revolutionary DeFi platform will be revealed within the coming week, and it will showcase XRPTurbo’s user-friendly interface and features, further increasing enthusiasm for the project.
How to Participate in XRPTurbo’s Presale
With fewer than 7 days remaining and presale slots rapidly filling, the chance to secure $XRT tokens at optimal prices is quickly closing.
Interested investors can join by:
Purchasing XRP from popular exchanges (Binance, Coinbase, etc.)
Setting up an XRP-compatible wallet (Xaman Wallet recommended)
As XRPTurbo swiftly fills its presale hard cap, early investors stand to benefit immensely from its groundbreaking model and significant post-launch upside.
XRPTurbo isn’t just another altcoin—it’s the Kickstarter that the XRP Ecosystem has been waiting for.
Secure your $XRT tokens today and become part of XRP’s next wave of innovation.
The cryptocurrency market is experiencing a significant shift in investor sentiment this month. Bitcoin’s price recovery has sparked a ripple effect in demand, from large investors to smaller ones.
Bitcoin has rebounded by 25% from its early April lows. On-chain data and updated forecasts from industry experts offer insights into the sustainability of this rally.
Market Sentiment Shifts from Fear to Greed
According to data from Alternative.me, the Fear and Greed Index surged from a low of 18 to a high of 72 in April. This is the highest level since February and marks a clear shift from fear to greed.
Meanwhile, CoinMarketCap’s version of the index shows a slightly different picture. It rose from 15 to 52 points, moving from extreme fear to a neutral state. Although the two indices differ, both confirm a notable shift in investor sentiment. Investors have moved past the fear that often triggers panic selling.
This neutral or greedy mindset lays the groundwork for further optimism. If it continues, the market may reach a state of extreme greed before any major correction occurs. This sentiment shift has led to five divergence signals that support the potential continuation of the recovery for both Bitcoin and altcoins.
Bitcoin Accumulation Spreads from Large to Smaller Wallets, Indicating a Positive Outlook
On-chain data shows that whale accumulation has helped Bitcoin hold above $93,000 in the final week of April.
A chart from Glassnode reveals a clear transition from a distribution phase (marked in red) to an accumulation phase (marked in green) during April. This timing aligns with Bitcoin’s rebound from its monthly low.
Specifically, Bitcoin whales—wallets holding over 10,000 BTC—have been accumulating at near-perfect levels. Their Trend Accumulation Score is around 0.9.
Following the whales, wallets with 1,000 to 10,000 BTC gradually increased their accumulation score in the second half of April. Their score reached 0.7, as seen by the chart’s color shift from yellow to blue. Other wallet tiers also show signs of accumulation, reflecting changing sentiment among smaller whales.
“So far, large players have been buying into this rally,” Glassnode explained.
Additionally, a recent report from BeInCrypto highlights that Bitcoin ETFs recorded $2.68 billion in inflows last week. These ETFs have seen five consecutive days of positive inflows. These metrics confirm that demand is returning and lay the foundation for continued price gains.
Fidelity and ARK Invest Update Bitcoin Forecasts
Fidelity Digital Assets, a branch of the $5.8 trillion asset management giant Fidelity Investments, reports that Bitcoin supply on exchanges has dropped to its lowest level since 2018, with only about 2.6 million BTC remaining.
Fidelity also noted that more than 425,000 BTC have left exchanges since November 2024. Public companies have added nearly 350,000 BTC since the US election and are buying over 30,000 BTC monthly in 2025. Fidelity expects this trend to continue.
“We have seen Bitcoin supply on exchanges dropping due to public company purchases—something we anticipate accelerating in the near future,” Fidelity Digital Assets stated.
Meanwhile, ARK Invest has updated its Bitcoin price projection in the Big Ideas 2025 report. Under its most bullish scenario, Bitcoin could reach $2.4 million by 2030—far above its previous forecast of $1.5 million.
This projection relies on several factors: increasing institutional investment, the possibility of nations treating Bitcoin as a strategic reserve asset, and its growing role in decentralized finance.
While fund managers like Fidelity and ARK Invest have a positive outlook for April, some retail investors are beginning to express caution. The idea of “sell in May” is starting to surface, reflecting concern amid unpredictable macroeconomic factors, such as tariffs and interest rate shifts, that could strongly impact the market in the near future.
Speculation about Nvidia adding Bitcoin to its treasury reserves has surfaced recently. These unconfirmed reports lead to questions about the potential for increased institutional adoption of Bitcoin and the possible performance of such a move for Nvidia, whose stock value has fallen considerably this year.
BeInCrypto interviewed representatives from Banxe, FINEQIA, CoinShares, Bitunix, and Acre BTC to discuss Bitcoin’s potential benefits for Nvidia and explore whether such an investment would ultimately benefit the company in the long run.
Rumors of Nvidia’s Potential Bitcoin Investment
Over the past few weeks, several reports have surfaced across social media suggesting that Nvidia, a pioneer in GPU-accelerated computing, is considering adding Bitcoin to its balance sheet.
These reports remain purely speculative at the time of press, given that Nvidia has not made any official statements on the topic. When BeInCrypto reached out for clarification, an Nvidia spokesperson declined to comment.
Even as rumors, these reports highlight the significant impact of such a decision on Bitcoin’s public perception. Given Nvidia’s current economic circumstances, marked by a substantial drop in stock value, an announcement of this nature would not be completely unexpected.
As such, Nvidia’s stock price has taken a hit. According to recent reports, Nvidia stock has fallen 35% since its latest price peak in January.
Nvidia’s stock reacted especially poorly to the news that China’s Huawei Technologies is testing a new AI chip potentially more powerful than Nvidia’s H100.
Given these circumstances, Nvidia can mitigate current economic challenges by diversifying its treasury assets.
Should Nvidia Consider Adding Bitcoin to Its Balance Sheet?
Such a move would significantly alter how other institutional investors view Bitcoin, potentially encouraging more companies to adopt a similar strategy. The crypto community would likely celebrate the news, believing it would solidify Bitcoin’s legitimacy as an asset class.
However, the extent to which Nvidia requires Bitcoin for stability remains controversial.
Risks of Adding Bitcoin to Nvidia’s Treasury
As it is, Nvidia already has other strategies that help the company hedge against volatility and inflation. Adding Bitcoin into the mix may seem excessive.
This becomes especially true when considering just how volatile Bitcoin itself can be. Though the asset can generate significant gains during bullish periods, the losses it can cause are equally severe.
As such, Bitcoin might not be the natural choice to defend Nvidia from its current stock declines. An investment of this kind would need to reflect a long-term strategy rather than an impulse decision.
Would BTC Even Make a Difference on Nvidia’s Share Price?
Bitcoin has demonstrated high returns over the long term, though with considerable volatility. For companies able to withstand the associated risks, including large price fluctuations, it offers the potential for significant future profits.
With its substantial financial resources, Nvidia could absorb Bitcoin’s volatility without a major impact on its balance sheet. In this sense, the company has little to lose, but also little to gain.
Ultimately, Nvidia’s decision to invest in Bitcoin hinges on timing and urgency, particularly given recent developments that have alleviated some pressures on the company.
Easing Export Restrictions: A Boost for Nvidia
Last week, the Trump administration announced its plans to roll back certain Biden-era export restrictions on advanced semiconductor chips.
Biden’s ‘AI Diffusion Rule’ established these restrictions to enhance US technological leadership by preventing advanced chips from being diverted to countries of concern, especially China. Given that China was Nvidia’s main buyer, the rule significantly hampered its sales.
A rollback would be highly advantageous for Nvidia’s sales, especially amid this new wave of chipmakers.
Similarly, the recent US-China tariff pause led to Nvidia’s stock price rise. Despite its temporary nature, the news is a positive sign for the company, promising reduced uncertainty and potential gains in sales and supply chain stability.
Considering these developments, adding Bitcoin to Nvidia’s balance sheet may no longer be urgent. If Nvidia were to make such a decision out of haste, it might also drive away traditional investors and long-time buyers.
Many areas of traditional finance remain highly skeptical of Bitcoin due to its short history and highly volatile nature. If Nvidia adds Bitcoin as a treasury asset, traditional investors might view it as a poor decision, potentially alienating long-time clients.
