The official TG channel of the Trump family’s new crypto project has been renamed “World Liberty Financial”
Donald Trump Jr.'s Telegram channel for his new crypto project, "The DeFiant Ones," has been renamed World Liberty Financial and has just released an announcement: "Donald Trump Jr. announces: Folks, we all know how banks and financial institutions rig the system against ordinary Americans. They exclude people, deny loans, drown people in cumbersome documents, and squeeze them with legal and processing fees. Our whole family has been through it firsthand... We have been abandoned by banks, banned from platforms, and subjected to every political game imaginable. These banks and the elites who control them want absolute control, but now it's all going to end. We are making finance great again by putting power back in your hands. This new decentralized finance (DeFi) platform will cut out corrupt, expensive, and inefficient middlemen. No more bureaucrats to decide your fate. It's time to modernize this unfair and outdated system and give everyone the same opportunity that the elites have been hoarding. Join us and let's make finance work for the people again."
French authorities to issue statement today on Durov's arrest
According to Cointelegraph, French authorities plan to make a statement on the arrest of Telegram CEO Pavel Durov this Monday. According to French media reports, Durov may face charges related to Telegram operations and the lack of review of the platform. According to The Washington Post, after Durov was arrested, the Russian Embassy contacted the French authorities to meet with Durov and clarify the details of his detention. Some Russian officials called the arrest an indirect hostile act against Russia. It was previously reported that Durov has dual French and Russian citizenship, and there are also reports that he has dual French and UAE citizenship. At the same time, Telegram issued an official statement on social media, saying that Telegram complies with EU laws, including the Digital Services Act. Durov has nothing to hide and travels frequently in Europe. It is ridiculous to claim that a platform or its owner is responsible for the abuse of the platform. The team is waiting for a quick resolution of the incident.
Telegram responds to CEO arrest: It is absurd to claim that a platform or its owners are responsible for abuse on the platform
In response to the arrest of Telegram founder and CEO Pavel Durov, Telegram issued a statement on its official X platform account: Telegram complies with EU law, including the Digital Services Act - its audit meets industry standards and is constantly improving. Telegram CEO Pavel Durov is not hiding and travels frequently in Europe. It is ridiculous to claim that "a platform or platform owner is responsible for abuse on the platform." Nearly one billion users around the world use Telegram as a means of communication and an important source of information. The team is waiting for a quick resolution to this situation.
Vitalik: Farcaster is not yet ready to integrate Telegram groups, and an end-to-end encrypted communication system has yet to be established
Ethereum co-founder Vitalik Buterin commented on Paradigm co-founder Matt Huang's opinion of "integrating Telegram groups into the Farcaster ecosystem": "I would rather postpone this action until we have an end-to-end encrypted communication system. In addition, I also believe that in order to gain adoption of the entire (Farcaster) ecosystem, it should be in a federal form, that is, people using one client should be able to communicate with others using other client applications."
A former CEO of a US bank was sentenced to more than 24 years in prison after he embezzled tens of millions of dollars and caused the bank to go bankrupt.
According to CNBC, Shan Hanes, the former CEO of Heartland Tri-State Bank, a small bank in Kansas, was sentenced to more than 24 years in prison by a federal court for stealing huge amounts of money from the bank. It is reported that Hanes transferred $47 million to a cryptocurrency wallet controlled by scammers who lured him through a "pig killing" scam. This incident caused Heartland Tri-State Bank to go bankrupt last year and was taken over by the Federal Deposit Insurance Corporation, becoming one of only five banks in the United States to go bankrupt in 2023. Hanes' embezzlement took only eight weeks and was completed through a series of wire transfers, causing a devastating blow to the bank. In addition, according to records from the Wichita District Court in Kansas, Hanes also defrauded funds from local churches, investment clubs, and his daughter's college savings account, allegedly to buy cryptocurrencies because the scammers insisted that they needed more funds to unlock the so-called returns on his investment. However, he did not profit from the scam, but lost all the misappropriated funds.
Meme Project Simon's Cat (CAT) Announces Completed $15 Million in CAT Token Liquidity Lock
The Meme coin Simon's Cat (CAT) team said on its social platform that it has completed the liquidity lock of CAT tokens worth $15 million. The lock uses the Floki FiLocker protocol, and the lock period is set at 69 billion years and 420 million years. Coingecko data shows that CAT is currently trading at $0.00002429, with a 24-hour increase of 21.1%, and the current market value is about $186 million.
The suspected Sun Yuchen team address continued to exchange BTC for WBTC: 500 BTC were transferred to Binance in the early morning and 637 WBTC were withdrawn
PANews reported on August 26 that according to on-chain analyst Yu Jin’s monitoring, the address suspected to be Justin Sun’s team continued to exchange BTC for WBTC: 5 hours ago, 500 BTC (about 32.12 million US dollars) entered Binance through the suspected Binance recharge address of Justin Sun’s team, and at the same time, 637 WBTC (about 40.78 million US dollars) were withdrawn from Binance to the 0xbE6...1cD address on the Ethereum chain. Since the announcement of the change of WBTC custody rights (8/11), 3,090 BTC (about 188 million US dollars) have entered Binance through the suspected Binance recharge address of Justin Sun’s team, and then 2,590 WBTC (about 156 million US dollars) were withdrawn from Binance to the 0xbE6...1cD address.
Memeland team: Treasury funds have been used to purchase $1 million worth of TON to support Durov
The Memeland team announced on Twitter that it has used $1 million of the team’s treasury funds to buy TON on the open market and will hold it until Durov is released. According to previous news, DWF Labs founder Zhu Su and others have used similar methods to support Durov.
Data: SUI, OP, ZETA, DYDX and other tokens are scheduled to be unlocked this week, of which SUI unlocks about 65 million US dollars
Token Unlocks data shows that this week, SUI, OP, ZETA, DYDX and other tokens are expected to usher in large amounts of unlocking, including:
Sui (SUI) will unlock approximately 64.19 million tokens at 8:00 am Beijing time on September 1, accounting for 2.47% of the current circulation, with a value of approximately US$65 million.
Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 am on August 31, Beijing time, accounting for 2.64% of the current circulation and worth approximately US$50.5 million.
ZetaChain (ZETA) will unlock approximately 53.89 million tokens at 8:00 am Beijing time on September 1, accounting for 15.71% of the current circulation and worth approximately US$33 million.
DYDX (DYDX) will unlock approximately 8.33 million tokens at 8:00 am Beijing time on September 1, accounting for 3.67% of the current circulation, with a value of approximately US$9.8 million.
Yield Guild Games (YGG) will unlock approximately 14.08 million tokens at 10:00 pm Beijing time on August 27, accounting for 3.70% of the current circulation and worth approximately US$6.8 million.
Echelon Prime (PRIME) will unlock approximately 750,000 tokens at 8:00 am Beijing time on August 31, accounting for 1.68% of the current circulation and worth approximately US$5.4 million.
Ethena (ENA) will unlock approximately 14.89 million tokens at 3:00 pm Beijing time on September 1, accounting for 0.82% of the current circulation, with a value of approximately US$5.4 million.
SingularityNET (AGIX) will unlock approximately 8.32 million tokens at 8:00 a.m. Beijing time on August 28, accounting for 1.58% of the current circulation and worth approximately $4.3 million.
Manta Network (MANTA) will unlock approximately 1.87 million tokens at 7:59 am Beijing time on September 1, accounting for 0.50% of the current circulation and worth approximately US$1.5 million.
Euler (EUL) will unlock approximately 45,600 tokens at 6:54 am Beijing time on August 30, accounting for 0.24% of the current circulation and worth approximately US$260,000
Tornado Cash (TORN) will unlock approximately 91,700 tokens at 11:30 am Beijing time on August 29, accounting for 2.41% of the current circulation and worth approximately $220,000
1inch (1INCH) will unlock about 64,000 tokens at 8:00 am on August 30th, Beijing time, accounting for 0.01% of the current circulation, with a value of about $18,000.
Forta (FORT) will unlock approximately 50,000 tokens at 8:00 a.m. Beijing time on September 1, accounting for 0.01% of the current circulation and worth approximately US$6,500.
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