Morning Minute: Tornado Cash Developer Found Guilty (Partially)

Key Points

1. Roman Storm, co-founder of Tornado Cash, was found guilty on one count of operating an unlicensed money-transmitting business but was acquitted on more serious charges related to money laundering.

2. Cryptocurrency markets saw gains following news of potential regulatory approvals, with ETH, SOL, and other major coins rising.

3. The State of Michigan pension fund increased its Bitcoin ETF holdings, signaling institutional interest.

4. NFT markets showed mixed performance, with some collections like Meebits and Memeland Captainz seeing significant gains.

5. AI-related cryptocurrencies also performed well, with several tokens posting double-digit percentage increases.