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Point of View: A U.S. Judge Considers Uniswap a "Neutral Infrastructure," While Tornado is Seen as "Facilitating Illegal Financial Activity"

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**March 10 Update** Crypto reporter Eleanor Terrett noted that during a review of Tornado Cash co-founder Roman Storm’s trial, the judge appeared more sympathetic toward Uniswap’s developers in a related lawsuit—while taking a tougher stance against Tornado Cash’s devs. Court filings indicate the judge argued it would be illogical to hold software developers liable for strangers’ misuse of neutral infrastructure, classifying Uniswap as “neutral infrastructure” but deeming Tornado Cash to have “engaged in illegal financial activities.” This position signals U.S. courts could weigh whether developers merely provide neutral tools when assessing DeFi infrastructure liability going forward. **Earlier Today** Reports emerged that the U.S. Department of Justice (DOJ) is seeking a retrial for Roman Storm on two charges the initial jury deadlocked on: money laundering and sanctions violations. Prosecutors proposed scheduling the retrial for early October, even as Storm’s motion to overturn his unlicensed money transmitting charge under Rule 29 remains pending.
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Total Stablecoin Market Cap Hits Record High of $312.4 Billion, Sky's Stablecoin USDS Quickly Rising

March 10th: DefiLlama data shows the total market cap of stablecoins across all chains hit a record high, currently at $312.4 billion—up 1.18% over the past week. USDT accounts for 58.9% of the market share, while USDC holds 25%. Sky’s stablecoin USDS surged 26.7% in circulation over the past month, with a current market cap of $7.92 billion (2.5% share). Sky Protocol also topped $1.1 million in daily protocol fees, generating $600,000 in daily revenue and $211 million in annualized revenue. Per Stablewatch data, the supply of yield-bearing stablecoins has surpassed $21.5 billion, representing roughly 6.88% of total stablecoin market cap. Sky’s sUSDS emerged as a leader, with a 14.6% seven-day TVL surge to $6.06 billion—ranking first among yield-bearing stablecoins. Ethena’s sUSDE follows with a TVL of $3.53 billion (second place).

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A whale entered a 20x leveraged long position on Crude Oil in the pre-market session of the US stock market, with a position size of $1.1 million

March 10th — Per HyperInsight monitoring (link: https://t.me/HyperInsight), a whale with an address starting with 0x8d6 opened a 20x leveraged CL long position in the past 30 minutes. The position has a size of ~12,500 contracts, worth ~$1.09 million. As of now, the position’s unrealized profit is ~$6,233 (return rate ~9.13%). Key details: - Average entry price: $86.61 - Liquidation price: $83.70 - Current CL price: ~$87.70

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Iran's Speaker of Parliament Declares Will Never Seek Ceasefire

On March 10, Khalibaf, Speaker of Iran’s Parliament, stated: “We will never seek a ceasefire. Aggressors must be met with force to learn their lesson and never dare to invade Iran again. Israel has built its existence around a cycle of ‘war-talks-ceasefire-renewed war’ to consolidate its dominance, and we will break this cycle.” (Source: CCTV International News)

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Euro Stocks Soar, Europe's STOXX 50 Index Up Nearly 3%

March 10: European stocks surged, per Bitget market data. The Euro Stoxx 50 and Italy’s FTSE MIB climbed nearly 3%, Germany’s DAX added 2.5%, France’s CAC 40 rose over 2%, and the UK’s FTSE 100 gained almost 2%.

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A Whale Goes Long on Leveraged Position, Buys $21 Million Worth of ETH Spot on-chain

March 10 – Per EmberCN monitoring, a whale has executed leveraged long positions, following yesterday’s $84 million long bets on BTC and ETH contracts via Hyperliquid. Today, the whale purchased $21 million worth of ETH on-chain. Current positions include: - 600 BTC (entry price: $67,419, value: $42.53M) - 20,000 ETH (entry price: $2,003, value: $41.32M) Unrealized profit stands at $3.27 million. 10 minutes ago, the whale added 10,158 ETH ($21M) on-chain at an average price of $2,067 per ETH.

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Bitcoin Surges Past $71,000, Up 4.7% in 24 Hours

On March 10, Bitcoin climbed above $71,000, notching a 4.7% 24-hour gain, per HTX market data.

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