{"id":198,"date":"2025-06-17T19:04:44","date_gmt":"2025-06-17T19:04:44","guid":{"rendered":"https:\/\/bitcoscript.com\/article\/tornado-cash-comeback-paradigm-ef-support-sends-torn-up-7\/"},"modified":"2025-06-17T19:04:44","modified_gmt":"2025-06-17T19:04:44","slug":"tornado-cash-comeback-paradigm-ef-support-sends-torn-up-7","status":"publish","type":"post","link":"https:\/\/bitcoscript.com\/article\/tornado-cash-comeback-paradigm-ef-support-sends-torn-up-7\/","title":{"rendered":"Tornado Cash Comeback? Paradigm & EF Support Sends TORN Up 7%"},"content":{"rendered":"

Tornado Cash
\n
\n TORN<\/span>
\n $9.46<\/span>
\n <\/span>
\n
\n\t\t\t
\n 24h volatility:<\/span>
\n 5.8%<\/span>
\n <\/span>
\n
\n Market cap:<\/span>
\n $36.02 M<\/span>
\n <\/span>
\n <\/span>
\n
\n Vol. 24h:<\/span>
\n $2.66 M<\/span>
\n <\/span>
\n <\/span>
\n <\/a>
\n\t is staging a remarkable rebound, surging over 7% in the last 24 hours to trade near $9.92 amid renewed legal and community support for its embattled co-founder Roman Storm.<\/p>\n

The rally comes as crypto venture firm Paradigm and the Ethereum Foundation (EF) publicly back Storm in his fight for justice.<\/p>\n

Legal Winds Shift in Storm\u2019s Favor<\/h2>\n

Paradigm filed an amicus curiae brief<\/a>, defending Storm against federal charges that include conspiracy to commit money laundering and sanctions violations.<\/p>\n

The brief strongly challenges the prosecution\u2019s interpretation of Storm\u2019s role, arguing that publishing open-source, peer-to-peer software like Tornado Cash does not equate to operating an illegal money-transmitting business.<\/p>\n

Citing FinCEN guidance and legal precedent, Paradigm emphasized that developers should not be charged simply for writing and publishing code.<\/p>\n

Meanwhile, the Ethereum Foundation has committed $500,000 toward Storm\u2019s legal defense<\/a> and pledged to match up to $750,000 in community donations. EF reiterated its stance by stating:<\/p>\n

\u201cPrivacy is normal, and writing code is not a crime.\u201d<\/p>\n

Price Analysis: TORN Finds Strong Support<\/h2>\n

According to CoinMarketCap data<\/a>, TORN hit an intraday high of $10.11 before slightly retreating to $9.92. Technical indicators suggest there may be more upside ahead.<\/p>\n

The RSI (Relative Strength Index) is currently around 54, indicating neutral territory with a slight bullish bias. This leaves room for further upward momentum without entering overbought conditions.<\/p>\n

Meanwhile, the MACD is beginning to flatten just below the zero line, suggesting that bearish momentum is fading and a bullish crossover may be imminent\u2014an outlook that has also attracted interest from speculative sectors like crypto gambling.<\/span><\/p>\n

\"TORN<\/p>\n

TORN Daily Chart with RSI, MACD | Source: TradingView<\/p>\n<\/div>\n

Immediate resistance sits at the 0.786 Fib level around $10.97, followed by the psychological barrier at $11.70. If bulls break through this region, the next targets lie at $13.80 (1.618 Fib) and $17.20 (2.618 Fib).<\/p>\n

As per the chart above, support remains strong around $9.13 (0.236 Fib), with a key lower boundary near $8.10 providing a safety net should price retrace.<\/p>\n

next<\/p>\n

The post Tornado Cash Comeback? Paradigm & EF Support Sends TORN Up 7% appeared first on Coinspeaker.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tornado Cash TORN $9.46 24h volatility: 5.8% Market cap: $36.02 M Vol. 24h: $2.66 M is staging a remarkable rebound, surging over 7% in the last 24 hours to trade near $9.92 amid renewed legal and community support for its embattled co-founder Roman Storm. The rally comes as crypto venture firm Paradigm and the Ethereum…<\/p>\n","protected":false},"author":1,"featured_media":199,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[7,8,65,66],"class_list":["post-198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-news","tag-cryptocurrency-news","tag-news","tag-torn","tag-tornado-cash"],"_links":{"self":[{"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/posts\/198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/comments?post=198"}],"version-history":[{"count":0,"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/posts\/198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/media\/199"}],"wp:attachment":[{"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/media?parent=198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/categories?post=198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoscript.com\/article\/wp-json\/wp\/v2\/tags?post=198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}