In today's crypto update, the trial of Roman Storm, co-founder of Tornado Cash, is nearing its conclusion with closing statements set for next week. Storm faces serious charges, including money laundering and conspiracy related to unlicensed money transmitting. His defense team is expected to put forth several witnesses, though it remains uncertain whether Storm will testify. Meanwhile, corporate adoption of Bitcoin is on the rise, with 35 public companies now each holding over 1,000 BTC, reflecting increased institutional interest. This trend follows announcements regarding a potential U.S. federal Bitcoin reserve. Alternatively, the crypto market faced a significant downturn, as Bitcoin’s price dropped below $116,000, resulting in over $700 million in liquidations, with approximately 213,729 traders impacted. The drastic shifts in the market highlight the volatility inherent in the crypto space as recent bullish sentiments gave way to abrupt sell-offs.

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