Today's news tips:
French authorities to issue statement today on Durov's arrest
Harris has received $540 million in campaign donations, and her money-making rate is faster than Trump's
The official TG channel of the Trump family’s new crypto project has been renamed “World Liberty Financial”
Telegram responds to CEO arrest: It is absurd to claim that a platform or its owners are responsible for abuse on the platform
The Ton community launched a campaign to support Telegram CEO, calling on community members to change their social media account avatars to participate
CoinShares: Digital asset investment products saw net inflows of $533 million last week
Stablecoin market value has grown for 11 consecutive months, breaking through $168 billion to hit a record high
Data: SUI, OP, ZETA, DYDX and other tokens are scheduled to be unlocked this week, of which SUI unlocks about 65 million US dollars
Regulatory News
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.
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.
Harris has received $540 million in campaign donations, and her money-making rate is faster than Trump's
According to Cailian Press, U.S. Vice President Kamala Harris' campaign team said last Sunday that it has raised $540 million in just over a month since Biden dropped out of the race and she "took over" to start her campaign, making her "money-making" faster than Trump. According to a memo issued by Harris' campaign manager Jen O'malley Dillon, the $540 million in fundraising includes the $82 million Harris raised during the Democratic National Convention, showing the party's support and expectations for her. The statement said: "This is the most in any presidential campaign in the same amount of time."
In addition, according to a federal disclosure document released last week, Harris' main campaign fundraising group raised four times more money than Donald Trump in July. Harris' campaign told the Federal Election Commission that they raised $204 million last month, while the main fundraising group of Republican candidate and former US President Trump reported a figure of $48 million to the Federal Election Commission. This money includes funds raised by the campaign, the Democratic National Committee and the joint fundraising committee. On the other hand, Harris also spent more than Trump, $81 million and $24 million respectively.
Overall, as of the end of July, Harris' campaign had $220 million in cash, while Trump's campaign had $151 million. At the same time, the current US election situation is still very stalemate, and it is impossible to predict who will win. In various polls, Trump and Harris are still evenly matched. In the next week, Harris and her running mate Waltz will start a bus tour in southern Georgia to conduct campaign activities.
Project News
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."
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."
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.
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.
Binance will stop 7-day and 30-day fixed interest rate services for pledged loans on September 2
According to the official announcement, Binance will stop the 7-day and 30-day fixed-rate services for pledged loans at 12:00 (ET on September 2, 2024). From 12:00 (ET on September 2, 2024), users will not be able to create new fixed-rate orders for pledged loans or extend existing orders, including users who use SAPI endpoints. Users are advised to stop using the relevant endpoints before the above date. Ongoing fixed-rate orders for pledged loans will not be affected until the order expires.
Avalanche and ZKsync official Discord servers attacked
According to Cointelegraph, less than 48 hours after Polygon's Discord was hacked yesterday, the official Discord servers of L1 network Avalanche and L2 chain ZKsync were also attacked one after another. The Avalanche team has "discovered" the problem and has solved it, and is working hard to restore the server to normal. Just one hour after the Avalanche vulnerability was exploited, the ZkSync official Discord was also hacked, and the hacker once again shared a malicious link to the fake "second round of airdrop" plan, promising to provide users with free ZK tokens. Some ZkSync team members have noticed the vulnerability.
Orderly Network: ORDER token claiming and staking now live
Web3 liquidity provider Orderly Network announced that the claiming and staking of ORDER tokens are now online. According to previous news, the airdrop claim will be carried out on the Ethereum mainnet (ERC20), the address is: 0xABD4C63d2616A5201454168269031355f4764337. Starting from 18:00 Beijing time on August 26, various centralized exchanges (CEX) will launch the product. At 8:00 Beijing time on August 28, VALOR reward release, trading and market making rewards will begin.
The platform will launch the NULSUSDT perpetual contract at 16:30 (ET8) on August 26, 2024, with a maximum leverage of 75 times.
The Baby Doge team has relinquished ownership of the Baby Doge token contracts on Ethereum and BNB chains
BNB ecosystem meme coin project Baby Doge recently announced on the X platform that it has officially given up ownership of the Baby Doge token contracts on Ethereum and BNB chains, ensuring that no single entity can control these contracts, making Baby Doge a community-driven project. The ability to destroy tokens remains valid.
Binance Futures will launch NULS and DOGS 1-75x USDT perpetual contracts
According to the official announcement, Binance Futures will launch NULSUSDT and DOGSUSDT perpetual contracts at 16:30 (GMT+8) on August 26, 2024 and 20:30 (GMT+8) on August 26, 2024, respectively, with a maximum leverage of 75 times.
Binance to List Euro Stablecoin Eurite (EURI) Regulated by MiCA
According to the official announcement, Binance will launch Eurite (EURI) at 10:00 UTC on August 28 (18:00 Beijing time on August 28) and open trading for EUR/EURI and EURI/USDT spot trading pairs. To celebrate the launch, Binance will launch a zero-fee promotion for EURI trading pairs. According to reports, Eurite (EURI) is one of the first Euro stablecoins regulated by MiCA.
Warning: Mac users should beware of malware called "Cthulhu" that can steal crypto wallets
According to Cointelegraph, Apple Mac users have recently encountered a new security threat - the "Cthulhu Stealer" malware, which aims to steal users' sensitive information and cryptocurrency wallets.
Cybersecurity expert Cado Security has issued an urgent warning, noting that despite macOS's long-standing reputation for security, malware activity targeting Macs has risen significantly in recent years. "Cthulhu Stealer" disguises itself as a disk image (DMG) file of popular software such as CleanMyMac and Adobe GenP, tricking users into downloading and executing it. Once the user is infected, the malware will use the command line tool of macOS to execute AppleScript and JavaScript scripts, first tricking the user into entering the system password, and then further requiring the password for the Ethereum wallet MetaMask. The report said it also targeted other popular crypto wallets, including those from Coinbase, Wasabi, Electrum, Atomic, Binance and Blockchain Wallet.
After the attack, "Cthulhu Stealer" will store the stolen data in local text files and perform "fingerprinting" in the victim's system to collect key information including IP address and operating system version. Cado Security researcher Tara Gould pointed out that the main purpose of the software is to steal various online store account credentials and cryptocurrency assets. However, the scammers behind the malware are said to be no longer active.
The Ton community launched a campaign to support Telegram CEO, calling on community members to change their social media account avatars to participate
According to the official TG channel, the TON community launched the "We stand with Pavel Durov (Telegram CEO)" campaign early this morning. In order to support the Digital Resistance, we are updating the TONCOIN logo and avatar in the TON community channel, changing it to the global symbol of the Digital Resistance - "Resistance Dog". Pavel Durov launched this campaign in the struggle to maintain the privacy of Telegram users and protect freedom of speech. To participate in this campaign, you need to: 1. Share this post using the FREEDUROV tag; 2. Add the "FREE" emoji to your username; 3. Change your avatar to "Resistance Dog".
Foreign media: Telegram founder's detention can last up to 96 hours
French judicial authorities have extended the detention of Telegram founder Pavel Durov, The Guardian reported. Durov was arrested at Paris Le Bourget Airport on Saturday on suspicion of crimes related to his messaging app. The investigation involves charges including fraud, drug trafficking, organized crime, terrorist propaganda and cyberbullying.
The detention can last up to 96 hours, at which time the judge will decide whether to release him or bring charges. Telegram issued a statement saying that its platform complies with EU law and that Durov "has nothing to hide" and said it looks forward to resolving the matter as soon as possible.
Binance: TON network upgrade process takes longer than expected due to unforeseen issues
According to the service update announcement officially released by Binance, due to unforeseen problems, the TON network upgrade process took longer than expected. Currently, the Binance team is doing its best to restore normal services as soon as possible.
According to a previous announcement, Binance will suspend TON deposits and withdrawals at 9:55 on August 26 for wallet maintenance, which is expected to take 2 hours. However, the Binance token recharge page shows that the TON token recharge of the Toncoin network is still suspended.
TON Community: TON network will undergo stress test with up to 10 million users trading simultaneously today
The TON community said in its official Telegram channel that it congratulated the DOGS community for launching the on-chain claiming process. The current processing speed of requests has reached 150,000 per minute, and it is expected that this number will continue to increase. Today is not only an important day for digital resistance to show strength, but also the day when the TON network is subjected to stress testing with up to 10 million users trading simultaneously. As the network expands to cope with the load, it is expected that there may be slight delays in transaction processing time.
Important data
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.
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.
Galaxy Digital deposited 700 BTC worth $44.81 million to Binance five hours ago
According to @ai_9684xtpa monitoring, Galaxy Digital recharged 700 BTC worth $44.81 million to Binance five hours ago. Earlier today, it was reported that a suspected Galaxy Digital address withdrew 3,735 ETH (about $10.23 million) from Binance.
A whale is suspected of clearing out the 12,570 ETH it had stored after Powell’s speech last week, with an estimated profit of $1.46 million
According to iChainfo monitoring, 3 days ago, an address withdrew 12,570 ETH from Coinbase after Fed Chairman Powell's speech on August 23. In the next three days, ETH soared by about 5%. 1 hour ago, this address transferred all its ETH back to Coinbase, possibly selling it and making a profit of $1.46 million.
Stablecoin market value has grown for 11 consecutive months, breaking through $168 billion to hit a record high
According to Cointelegraph, DefiLlama data shows that the market value of stablecoins has grown for 11 consecutive months, setting a record high of US$168 billion (currently about US$168.1 billion), exceeding the previous peak in March 2022 (US$167 billion). This data does not include algorithmic stablecoins.
Crypto analyst Patrick Scott said he sees this as a sign of “new money flowing into the crypto space.” “Stablecoins have reached new all-time highs. Total stablecoin market cap excluding algorithmic stablecoins has now reached an all-time high, surpassing the previous high in early 2022,” he wrote in an Aug. 26 X post. When asked by another user if institutional investment was driving the rally, he did not speculate on the cause of the rise, but did note that “retail trading has been going on for at least eight months.”
According to CCData's July report, stablecoin trading volume fell 8.35% last month due to a decrease in trading activity on centralized exchanges. The report pointed out that MiCA regulations have raised concerns about the future of USDT in Europe, which is one of the reasons for the decrease in stablecoin trading activity on centralized exchanges in July. According to CoinMarketCap data, this trend has continued into August, and the market trading volume is currently just over $46 billion.
Telegram-linked TON token loses $2.7 billion in value after Telegram CEO arrested
According to Bloomberg, the market value of digital assets of blockchain projects related to Telegram Messenger LLP has shrunk by about $2.7 billion, reflecting the uncertainty caused by the detention of Telegram co-founder Pavel Durov. Pavel Durov was reportedly detained at a Paris airport on Saturday for allegedly failing to take steps to prevent Telegram from being exploited by criminals. Since then, The Open Network's token Toncoin (TON) has fallen by more than 20%.
TON pared some of its losses to trade at $5.69 as of 10:36 a.m. Singapore time on Monday, but the asset was still down 16% as the Durov incident unfolded, according to data compiled by Bloomberg. Richard Galvin, co-founder of hedge fund DACM, which bought TON tokens in a private round in early 2023, said it was “too early” to judge what long-term impact Durov’s detention would have on Telegram. He added that the market reaction over the weekend “temporarily factored that uncertainty into the TON price.”
Data from DefiLlama shows that the value of assets locked in the TON blockchain surged this year to a peak of $1.1 billion last month, but the figure has now fallen back to $661 million. According to Coingecko data, the price of Toncoin has more than tripled in the past year, and the token's market value is currently around $14.4 billion.
The U.S. Ethereum spot ETF had a net outflow of $44.54 million last week, and the Grayscale Ethereum Trust ETF ETHE had a net outflow of $118 million
The U.S. Bitcoin spot ETF had a net inflow of $506 million last week, while the Grayscale ETF GBTC had a net outflow of $86.54 million
CoinShares: Digital asset investment products saw net inflows of $533 million last week
According to the latest weekly data from CoinShares, the total inflow of funds into digital asset investment products last week reached $533 million, the largest inflow in five weeks. This increase followed Jerome Powell's speech at the Jackson Hole Conference, and the market expected the first interest rate cut to occur in September. Bitcoin became the main focus, attracting $543 million in inflows, indicating its sensitivity to interest rate expectations.
Ethereum saw $36 million in outflows last week, although the newly issued Ethereum ETF attracted $3.1 billion in inflows within a month of its launch, but this was partially offset by $2.5 billion in outflows from the Grayscale Trust Fund. In addition, blockchain stocks saw inflows for the third consecutive week, totaling $4.8 million.
PANews APP has updated its functions, download and experience it now!
【Comment】Speak freely and exchange views
【Floating window】Reading interrupted, return at any time
【Search within the article】Quickly locate and get to the core
