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Reasoning by analogy: Can a jury understand Ethereum?

The trial of Anton and James Peraire-Bueno in the Southern District of New York raises questions about whether blockchain code can be deemed law. The brothers are accused of stealing $25 million in ETH through unethical practices involving Ethereum's system. The prosecution claims they used deception to exploit unsuspecting MEV sandwich bots, while the defense argues they played by Ethereum's established rules, likening their actions to stealing a base in baseball. As the jury deliberates on wire fraud and money laundering charges, both sides present complex technical concepts using analogies that may or may not resonate with jurors. The defense relates Ethereum's block-building to cooking, while the prosecution makes less appetizing comparisons. With high stakes—including potential prison time for the defendants—a guilty verdict could signal to the crypto community that Ethereum lacks the integrity to self-regulate, thereby inviting U.S. legal scrutiny. Ultimately, the jury's understanding of Ethereum's mechanics could impact the case's outcome significantly.

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Robinhood, Coinbase Lead Crypto Stock Plunge as Investors Fret Over Macro Concerns

Crypto stocks, including Robinhood and Coinbase, tumbled as macroeconomic uncertainties dominated investor sentiment. Robinhood shares fell by over 7%, following a drop of more than 9% earlier, despite reporting better-than-expected earnings. Coinbase also saw a decline of over 6%. The falls come amid broader market pressures, with concerns over a

Robinhood, Coinbase Lead Crypto Stock Plunge as Investors Fret Over Macro Concerns

Crypto stocks plunged as macroeconomic worries intensified, particularly related to a prolonged government shutdown and weak job data. Robinhood's shares fell over 9% during trading, reaching a low not seen in two weeks, despite a recent positive earnings report. Coinbase also dropped more than 6%, with other firms

Robinhood, Coinbase Lead Crypto Stock Plunge as Investors Fret Over Macro Concerns

Robinhood and Coinbase saw significant stock declines as the broader crypto market faced losses amid ongoing macroeconomic uncertainties. Robinhood's shares dropped over 7%, reaching a low not seen in more than two weeks, following its recent Q3 earnings report which had exceeded analysts' expectations. Coinbase's

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