Le Figaro reported that after the arrest of Pavel Durov in Paris, Telegram began responding to requests from French authorities and promised to cooperate with French justice.

Following this, similar requests were made by the U.S., South Korea, and Belgium.

Telegram has since provided information to assist in criminal investigations, including cases related to pedophilia, and has shown increased cooperation with judicial authorities, confirmed by Belgian prosecutors.

BlackRock is reportedly preparing for a potential U.S. dollar crisis, warning that the $35tr debt pile could drive institutional interest in Bitcoin as a hedge.

Following the Fed’s surprise 0.5% interest rate cut, Bitcoin surged past $62,000, with many seeing this as the start of a new bull run.

BlackRock has highlighted Bitcoin as a unique diversifier against economic risks, as institutional adoption grows.

Terraform Labs has received approval to shut down its operations in bankruptcy, allowing the company liquidate assets and repay eligible stakeholders. The preceding judge said it was better than further litigation.

The defunct company must settle crypto claims before addressing SEC obligations. Losses are estimated between $184.5m and $442.2m (exact number unknown), in relation to the $40bn wiped out in the UST and LUNA collapse.

The German government shut down 47 crypto exchanges, allegedly tied to illegal activity, arguing they failed to implement proper Know Your Customer (KYC) requirements.

The government seized some customer and transaction data amid the investigation.

Gold hit a new all-time high, surpassing $2,609 per ounce.

The SEC requested an extension to move the discovery deadline in the Coinbase lawsuit from October 18, 2024 to February 18, 2025.

The request stems from the need to review over 133,000 documents related to Coinbase, giving the SEC more time to complete its probe.

Over the past 24 hours, over $200m was liquidated, with $155.5m attributed to short positions, as Bitcoin surged more than 6% and exceeded $63,300.

Silvergate Capital, the parent company of crypto-focused Silvergate Bank, filed for Chapter 11 bankruptcy with listed assets between $100m and $500m and liabilities between $10m and $50m.

Silvergate Bank settled with the SEC for allegedly helping facilitate fraud at FTX. That month, the Federal Reserve dropped separate charges after it wound down, reimbursed customers, and ceased banking.

As part of its Chapter 11 bankruptcy, Silvergate's reorganization plan proposes fully paying several debts, including admin fees, taxes, and high-priority claims.

MEXC Ventures, Foresight Ventures, and Mirana Ventures launched a joint fund to support projects within the Aptos ecosystem.

The website domain of Ethena Labs, the issuer of the USDe stablecoin, was hacked. The team clarified that the protocol wasn't compromised but warned against interacting with its front-end.

The active TON addresses outpaced those of other major L1 blockchains, including Tron, Ethereum, and Litecoin, reaching over 3m daily average users in the first week of September.

Tether, the company behind stablecoin USDT, has released its Q2 2024 attestation report:

⚫️Reserves amounted to $118.4bn, exceeding liabilities by $5.3bn
⚫️Holds $97.6bn in U.S. Treasuries, making it the 18th largest holder, surpassing Germany, UAE, and Australia
⚫️Worked with 180 institutions in 45 jurisdictions globally, freezing around 1,850 wallets
⚫️Assisted in recovering over $113m in assets

Tether also launched TetherFacts, dedicated to addressing public concern while displaying its lifelong accomplishments.

FTX prosecutors praised Caroline Ellison for her "exemplary" cooperation ahead of her sentencing for fraud on Sept. 24.

The U.S government highlighted her role in founder Sam Bankman-Fried's conviction, without recommending a specific sentence, but asked the judge to take her cooperation into account.

BlackRock has partnered with Microsoft to launch a $30bn AI investment fund called the Global AI Infrastructure Investment Partnership. This initiative will prioritize infrastructure, focusing on data centers and energy projects.

The partnership includes Abu Dhabi-backed MGX as a general partner, with Nvidia providing expertise, and could reach $100bn in investment.

Donald Trump's role in World Liberty Financial, a crypto project by his sons, was revealed in its white paper to be the "Chief Crypto Advocate."

Eric and Donald Jr. were listed as the project's "Web3 Ambassadors," and 18-year-old Barron Trump was listed as the "Chief DeFi Visionary."

BRICS is developing a new payment system that excludes the U.S. dollar, confirmed Russian Foreign Minister Sergey Lavrov.

This system will handle trading, investing, and settlements, allowing countries to bypass reliance on the dollar.

Lavrov stated that the move is a response to the U.S. and European sanctions, and he expects many developing nations to adopt the system to avoid potential sanctions.

DBS Bank, Singapore's largest bank, will launch over-the-counter (OTC) crypto options trading and structured notes for institutional clients in Q4 2024.

These offerings will provide exposure to Bitcoin and Ethereum, allowing clients to hedge against market volatility.

TON Foundation and Curve Finance are partnering to launch a TON-based stable swap project, enhancing stablecoin trading with Curve’s technology.

This initiative aims to meet growing stablecoin demand and boost liquidity on the TON blockchain.

Submissions for development are open until September 24.

MicroStrategy plans to offer $700m in convertible senior notes due 2028, with an option to raise an additional $105m.

The proceeds will be used to redeem $500m of Senior Secured Notes and acquire more Bitcoin.

Digital asset investment products saw a $436m inflow this week, led by Bitcoin, while Ethereum struggled with continued outflows.

⚫Bitcoin led with $436m inflows, reversing a prior 10-day outflow
⚫Ethereum saw $19m in outflows, continuing its recent struggles
⚫U.S. inflows totaled $416m, with Europe also seeing strong inflows
⚫Blockchain equities gained $105m due to new ETF launches