Top Crypto News Of The Day Curated by CoinChapter.com Celsius Repays $2.5B to Creditors
Celsius, the bankrupt crypto lender, has started repaying its creditors. As of August 26, the company has distributed approximately $2.53 billion to 251,000 creditors, representing about 84% of the $3 billion owed to over 375,000 eligible customers.
Celsius distributed approximately $2.53 billion to 251,000 creditors.
However, challenges remain. Of the 121,000 creditors yet to claim their funds, many are owed small amounts. About 64,000 creditors are owed less than $100, while 41,000 creditors are owed between $100 and $1,000. The bankruptcy administrator plans to retry distributions via Coinbase every two weeks, while PayPal claim codes remain available for credits.
Crypto News: TON Society Launches “Free Durov” Campaign
Pavel Durov, CEO of Telegram, was arrested on August 25 at Le Bourget Airport near Paris on charges of “complicity.” In response, the TON Society launched a “Free Durov” campaign on August 27, including an “Open Letter Mini App” within Telegram.
The open letter garnered over 1 million signatures within 6 hours of its launch on August 28. It calls for Durov’s immediate release and respect for Telegram’s right to protect user privacy. The campaign includes updating Toncoin’s logo to the “Resistance Dog” symbol. TON Society urges international bodies to challenge France’s actions and uphold online liberty.
Read Full Story Here: TON Society Launches Free Durov Campaign to Protest Emmanuel ‘Pawn’ Macron
New Zealand Proposes Implementation of OECD Crypto Reporting Framework
New Zealand’s Minister of Revenue, Simon Watts, has introduced a bill to implement the OECD’s Crypto-Asset Reporting Framework (CARF). The proposed legislation aims to enhance tax compliance in the crypto sector.
Source: Inland Revenue
Under the new bill, reporting crypto-asset service providers (RCASPs) in New Zealand must collect user information starting April 1, 2026. RCASPs must report this information to Inland Revenue by June 30, 2027.
Crypto News: Tron’s Sunpump Creates Over 50K Memecoin
Tron’s Sunpump platform has reached significant milestones in memecoin creation and trading activity. The platform has created over 51,701 memecoins and generated $259.2 million in total swap volume. With 100,746 active swappers and 1.4 million swap events, Sunpump has also generated $2.6 million in fees.
Sunpump has outpaced competitors like Solana’s Pumpfun in early growth, achieving these milestones within weeks of its August 9 launch. Several tokens on the platform have seen notable success, with one trader briefly turning $1,000 into $750,000 on a token called SunWukong.
Read Full Story Here: Tron’s Sunpump Crosses 50K Memecoin Launch Milestone
Base Network Surpasses 1 Million Daily Active Addresses
Coinbase’s layer-2 network, Base, reached 1.05 million daily active addresses on August 24. This represents a 60% growth in daily active addresses since early August. Base now has more daily active addresses than several competing protocols combined.
Base topped 1 million daily active users on Aug. 24. Source: Dune Analytics
The surge in activity coincides with the launch of “basenames,” a naming service for Base wallet addresses. In its first week, over 200,000 Base.eth usernames were minted, a milestone that took the Ethereum Name Service nearly two years to achieve.
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The post Top Crypto News Of The Day: Celsius Repays $2.5B, TON “Free Durov” Campaign and More appeared first on CoinChapter.
