Today in crypto news, Alexey Pertsev, the developer behind Tornado Cash, will remain in detention as he awaits trial. His extended detention raises concerns among developers of privacy-focused technologies. Pertsev expressed disappointment over the court's decision, which impacts his appeal preparation. This decision is part of a broader regulatory scrutiny of Tornado Cash, especially following a reported increase in its use by mixers this year. In related news, SEC Commissioner Jaime Lizárraga announced his resignation effective January 17, following SEC Chair Gary Gensler's earlier resignation. Gensler's tenure saw over 100 enforcement actions against crypto companies. Lastly, Allianz, a major German insurer, invested in a significant portion of MicroStrategy's $2.6 billion convertible note offering, indicating growing institutional interest in Bitcoin, with Allianz acquiring nearly 25% of the notes. This investment is seen as aligned with a substantial rise in Bitcoin's value recently, even amidst market uncertainties.

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