At the margin, higher oil prices lead to higher prices at the pump, which lead to higher inflation readings and thus higher interest rates. To the extent that interest rate instruments compete with risk assets for capital, the news on oil in the short term could be considered bearish for bitcoin prices, i.e. Why buy bitcoin when 30-day T-bills offer 5% interest?
DOJ Disputes Roman Storm’s Characterization of Tornado Cash Operations in New Filing
The DOJ charged Storm, alongside fellow developer Roman Semenov, with conspiring to commit money laundering, conspiring to operate an unlicensed...