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Crypto Biz: Elon Musk’s X targets financial services, PacWest emergency rescue and more

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This week’s Crypto Biz explores Elon Musk’s plans for X, the Italian central bank’s take on DeFi, PacWest’s merger with Banc of California and more.

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Coin Market

Stacks (STX) makes 30% gain as mainnet upgrade and stablecoin launch approach

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Plans to launch a Bitcoin-pegged stablecoin, an upcoming network upgrade and BTC’s recent recovery could be connected to STX’s 30% rally.

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Tornado Cash’s Roman Storm case moves to trial as judge denies dismissal

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A New York federal judge denied Roman Storm’s bid to dismiss US government charges. Storm is the co-founder of the crypto-mixing platform Tornado Cash.

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US sanctions Russian crypto platforms for money laundering ties

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Two crypto exchanges and two individuals have been sanctioned for ties to underground finance.

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