⚡️ News Flash - 23 Sep 2024 !

1️⃣ Celestia Foundation Secures $100 Million in Funding Round Led by Bain Capital Crypto

Celestia Foundation raised $100 million to support its modular blockchain network, which helps other blockchains scale by offloading data. It plans to scale to 1-gigabyte blocks.

2️⃣ Telegram to Share User Data with Authorities Following CEO's Arrest in Crime Crackdown

Telegram will now share user details with authorities if rules are violated, following CEO Pavel Durov's arrest. The platform also updated its terms to block searches for illegal content.

3️⃣ $80 Million Crypto Fund Backed by Bill Ackman Shuts Down After Forbes 30 Under 30 Founder Disappears in China

David Gan, founder of Inception Capital (formerly OP Crypto), faced a crisis after his father's investigation caused a month-long disappearance. The firm is now in a controlled wind-down, planning to unveil a new investment strategy in October amid staff cuts and uncertainty about its remaining capital.

4️⃣ OpenSea Users Assert NFTs Are Securities in Proposed Class Action Lawsuit

Two users have filed a class-action lawsuit against OpenSea, claiming it sells unregistered securities. They argue that the NFTs they bought, including from the Bored Ape Yacht Club, are worthless due to their illegal nature, citing a recent SEC Wells notice as evidence.

5️⃣ Bittensor's TAO Sparks AI Token Rally with 56% Surge Amid Market Recovery

The GMAI index, tracking top AI tokens, surged over 30% last week, while the GM30 index rose 9.8%. Bittensor's TAO token jumped 56%, with FET and RENDER increasing by 20% and 14%, respectively.

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