The Daily: Tornado Cash co-founder's motion to dismiss denied, Lummis says Republican Senate would benefit digital assets, Bitcoin ETFs see largest inflows since July and more

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It's Friday! In today's Daily, Tornado Cash co-founder Roman Storm's motion to dismiss is denied, Senator Lummis says Republican control of the Senate would benefit digital assets, U.S. spot Bitcoin BTC +0.87% ETFs see their largest inflows since July and more.

Meanwhile, MMORPG MapleStory's web3 version wants to leverage nostalgia to draw players, Danny Park writes.

Let's get started.

A U.S. federal judge has ruled that Tornado Cash co-founder Roman Storm will face trial on the DOJ's alleged money laundering charges after denying his motion to dismiss the case.

In an interview with CNBC on Friday morning, Sen. Cynthia Lummis said a flip to a Republican-controlled Senate following this year's elections would bode well for digital assets.

U.S. spot Bitcoin ETFs registered $365.7 million worth of net inflows on Thursday — the largest since late July.

Bitcoin broke above $66,000 on Friday morning, buoyed by lower-than-expected inflation data, marking its highest price since late July.

The total value locked on Base, a Layer 2 Ethereum network incubated by Coinbase, has surpassed $2 billion for the first time, positioning it as the second-largest optimistic rollup by deposits after Arbitrum.

Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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