STO (StakeStone) rose 17.74% in the last 24 hours.

Gate News Bot news, on October 9th, according to CoinMarketCap, as of the time of writing, STO (StakeStone) is currently priced at 0.17 USD, with a rise of 17.74% in the last 24 hours, reaching a high of 0.18 USD and a low of 0.09 USD. The current market capitalization is approximately 38.4 million USD, an increase of 5.78 million USD compared to yesterday.

StakeStone is a full-chain liquidity infrastructure platform designed to unlock the true potential of ETH. The platform offers real liquidity, transparency, consistency, and full-chain compatibility. STO supports multiple consensus mechanisms, including PoS, Restaking, decentralized ordering, and AI, among others. StakeStone provides developers with an open platform for building yield-generating assets. The project is protected by several leading security experts, including Quantstamp, SlowMist, and Veridise.

Important news about STO recently:

1️⃣ Tornado Cash legal case progress Tornado Cash co-founder Roman Storm filed a request with a federal judge on October 2 to dismiss the charges against him from the criminal trial that ended in August. Storm was found guilty by a jury of conspiracy to operate an unregistered money transmission business, which carries a maximum sentence of five years in prison. However, the jury was unable to reach a consensus on the most serious charges of conspiracy to launder money and evade sanctions. Storm's lawyer requested a not guilty verdict on all three charges, citing insufficient evidence of criminal intent.

2️⃣ Uncertainties in the cryptocurrency regulatory environment The development of the Tornado Cash case reflects the regulatory challenges faced by the cryptocurrency industry. This legal uncertainty may affect investor confidence in the entire cryptocurrency market, including projects like STO. Changes in the regulatory environment could have far-reaching implications for the operation and development of cryptocurrency projects.

3️⃣ Change in Market Attitude Towards Decentralized Finance The legal controversy over Tornado Cash as a decentralized privacy tool may raise concerns about similar decentralized finance (DeFi) projects. This may indirectly affect projects like StakeStone, which are committed to providing full-chain liquidity infrastructure, and investors may be more cautious in assessing the associated risks.

From a technical perspective, the significant rise of STO in the past 24 hours indicates that the market maintains confidence in the project. However, considering the legal and regulatory challenges facing the cryptocurrency industry as a whole, investors should closely monitor relevant policy developments and their potential impact on project development.

This message does not constitute investment advice, and investors should be aware of market volatility risks.