Durov was charged, released on bail and banned from leaving France
According to Xinhua News Agency, the Paris prosecutor's office in France announced on the 28th that Pavel Durov, the founder and CEO of the social media Telegram who was arrested in France, was prosecuted after the end of his detention that day. He was released on bail under judicial supervision, but was not allowed to leave France. Paris prosecutor Lore Betcuot said in a press release that Durov was prosecuted on the evening of the 28th. He was released on bail under judicial supervision, but he had to pay a deposit of 5 million euros, report to the police station twice a week, and was prohibited from leaving French territory. According to previous news, relevant French government departments are investigating illegal activities such as fraud, drug trafficking, organized crime, child pornography, and promotion of terrorism on the "Telegram" platform. Durov was accused of not taking corresponding measures to prevent these crimes. The Paris prosecutor's office issued a press release on the 26th saying that the Paris prosecutor's office began a judicial investigation involving 12 charges on July 8 this year, which was not targeted at specific people, and Durov was arrested for this.
Later in the day, it was reported that Telegram founder Pavel Durov was under investigation in Switzerland after being accused by his ex-partner of abusing his young son.
OpenSea: Received Wells Notice from the U.S. SEC and will provide $5 million to help creators pay legal fees to defend industry interests
OpenSea CEO Devin Finzer posted on the X platform that the company has received a Wells notice from the U.S. Securities and Exchange Commission (SEC). The SEC believes that NFTs on the platform may be securities and threatens to sue OpenSea. Finzer was shocked by this, saying that this move will have a serious impact on hundreds of thousands of artists and creators and may stifle innovation. He emphasized that NFTs are essentially creative commodities and should not be regulated by securities regulations. OpenSea has pledged to provide $5 million to help NFT creators and developers who received the Wells notice pay legal fees and vowed to defend the interests of the industry.
Musk hires Republican political adviser to join team
Musk has hired a Republican staffer who specializes in field organizing to help guide his political work, a move that suggests Musk is preparing to get more involved in Republican political activities, especially those to get out the vote, according to the New York Times. Chris Young, a senior political official at the Pharmaceutical Research and Manufacturers Association (PhRMA), will join Musk's team, according to three people familiar with the matter. Young was previously the head of Engage Texas, a Texas voter registration nonprofit funded by major Republican donors, and previously rose to prominence in Republican field organizing, becoming the national field work director for the Republican National Committee during the 2016 election cycle. Field organizing has been a focus of Musk's work during his recent foray into campaigns.
OpenAI is in talks for a new round of funding, with a valuation of more than $100 billion
According to CNBC, OpenAI is in talks for a round of financing that will value the artificial intelligence startup at more than $100 billion. According to people familiar with the matter, Thrive Capital will lead the round and will invest $1 billion. Microsoft, OpenAI's largest supporter, also participated in this round of financing. Since 2019, Microsoft has invested $13 billion in OpenAI and currently owns a 49% share of the company's profits. Sarah Friar, OpenAI's chief financial officer, released a memo saying that the new round of financing negotiations is still in the early stages and funds are being raised, which will be used for computing and operating operations. It is reported that earlier this year, OpenAI's valuation rose to $80 billion from $29 billion last year. Previously, OpenAI's annualized revenue exceeded $2 billion. The company began to grow after launching the ChatGPT chatbot at the end of 2022, and continued to launch products for enterprises and expanded to AI-generated photos and videos. OpenAI announced last week that it would launch a prototype of its search engine called SearchGPT, which aims to provide users with "fast and timely answers with clear and relevant sources." The company said it eventually plans to integrate the tool into its ChatGPT chatbot, which is currently being tested among a small group of users.
Sales of Trump's fourth NFT trading card series exceeded $2 million, but only 5.8% of the total supply was sold
According to Decrypt, the fourth batch of NFT trading card series released by Trump, "The America First Collection", has achieved sales of over $2 million since its debut on Tuesday amid a weak NFT market. However, this series contains a total of 360,000 digital trading cards, and less than 21,000 have been sold so far, accounting for 5.8% of the total supply. If Trump eventually sells out his latest NFT series, the series will eventually earn $35.6 million in revenue, with each trading card priced at $99. It is reported that the latest batch of Trump NFTs will not be resold on the secondary market until January 31, 2025, which is similar to the restrictions on the previous batch of NFTs.
FBI: Trump's "attempted assassination" suspect's motive remains unclear
According to CCTV News, the US Federal Bureau of Investigation (FBI) said in a media conference call on August 28 local time that the motive of the suspect in the "attempted assassination" of former President Trump is still unclear. It is reported that the FBI provided the latest progress of the investigation into the attempted assassination that day. During the investigation, they conducted nearly 1,000 interviews, issued countless search warrants and dozens of subpoenas, and analyzed hundreds of hours of video clips. The FBI said that despite analyzing the suspect's online activities in the days before the shooting, it still did not help them confirm the "definite (crime) motive." On July 13, Trump was "attempted to assassinate" at a rally in Butler, Pennsylvania, and his right ear was injured. One spectator died at the scene, and two other spectators were seriously injured. The gunman was killed by Secret Service personnel. After Trump was assassinated, US President Biden said that he had ordered an independent review of the national security situation at Trump's rally to make an accurate assessment of the incident.
Trump's son Eric Trump announced the official launch of the encryption project WLFI
Eric Trump, son of former US President Trump and executive vice president of the Trump Organization, announced the official launch of the crypto project WLFI (@WorldLibertyFi) on X, saying that "a new era of finance has arrived."
TON network experienced another block interruption in the early morning and has now resumed full operation
Telegram Wallet posted on the official TG channel this morning that the TON network is now fully operational after experiencing another block interruption in the early hours of this morning. TON-based asset withdrawals and deposits in wallets will be credited in due course. Tonscan data shows that the TON network is currently producing blocks normally. In addition, TON Status once again called on the main network validators to perform previous updates.
Kaia, the Layer 1 blockchain launched by messaging app giants Kakao and LINE, announced that its mainnet will be launched at 10:00 today
According to TheBlock, the Layer 1 blockchain Kaia launched by communication app giants Kakao and LINE announced that its mainnet is scheduled to go live at 10:00 Beijing time on Thursday. Kaia was launched in April and is a merger of Kakao's Klaytn and LINE's Finschia. Kakao operates a messaging app that 96% of South Koreans use, while LINE is the main messaging platform in Japan, Taiwan, China, and Thailand. The press release stated that the total number of users of the two apps exceeds 250 million. The Layer 1 blockchain is expected to solve Web3 user experience and distribution challenges through deep integration with Kakao and LINE messaging apps. Its ultimate goal is to build an ecosystem that supports DeFi, games, real-world assets, and web3-based messaging apps. Kaia hopes to enable developers to create mini dApps on LINE messaging tools through its NEXTWEB software development kit (SDK), and the company said it hopes to achieve "Telegram-style native application integration." Kaia Wave is a builder support program that will also be launched with the mainnet release. Eligible teams using the NEXT WEB SDK will receive marketing, technical, and business support valued at $1.2 million per team. Other benefits include future token generation events and liquidity support.
BNB Chain Partners with Celer, deBridge, and Stargate to Launch Official Cross-Chain Bridge
According to The Block, BNB Chain has launched the official cross-chain bridge BNB Chain Bridge in cooperation with Celer, deBridge and Stargate, aiming to enhance cross-chain interoperability, liquidity and user experience. The bridge will support multiple blockchains and Layer 2 networks including Ethereum, Arbitrum, Polygon, etc., with the goal of attracting more DeFi projects to join the BNB Chain ecosystem through real-time cross-chain transmission and competitive rates.
Cardano will carry out the "Chang Hard Fork" upgrade on September 1, introducing on-chain governance functions
According to CoinDesk, the Cardano blockchain is about to undergo the biggest upgrade in two years, the "Chang Hard Fork", whose main function is to introduce an on-chain governance mechanism. Users holding ADA will be able to elect representatives (dReps) and vote on improvement proposals and future technical changes. The upgrade was originally scheduled for this week, but it has been postponed to September 1 because some exchanges need time to prepare their systems. The Chang hard fork is part of Cardano's "Voltaire era" and aims to achieve a self-sustaining blockchain system managed by the community. The upgrade also includes the core improvement proposal CIP-1694, which will strengthen the community's control over the network through governance structures such as the Constitutional Committee, dReps, and staking pool operators.
Privacy and crypto-friendly browser Brave lays off 27 employees
According to TechCrunch, the privacy and encryption-friendly browser Brave has laid off 27 employees, and the layoffs involved multiple departments. Brave cut 9% of its employees less than 10 months ago, explaining that it was in response to the challenges of the economic environment. The Brave browser focuses on privacy protection, blocks ads and trackers, and allows users to earn its native crypto token Basic Attention Token (BAT) by watching ads. Currently, the price of BAT has fallen 91% from its historical high in November 2021.
Hamster Kombat will launch HMSTR tokens on the TON chain on September 26 and conduct airdrops simultaneously
According to Decrypt, Telegram's popular "point-to-earn" game Hamster Kombat announced that it will launch the highly anticipated HMSTR token on The Open Network (TON) on September 26, and will simultaneously airdrop. The token was originally scheduled to be launched in July, but was postponed due to additional planning for a large-scale airdrop. Since its launch this spring, Hamster Kombat has attracted more than 300 million players, including more than 80 million active players in the past month.
Investment firm Lemniscap announced that it has raised a $70 million fund to focus on investing in early-stage Web3 projects
According to CoinDesk, Lemniscap, an investment company based in the Cayman Islands, announced that it has raised a $70 million fund to focus on investments in early Web3 projects. The fund will focus primarily on projects in the Bitcoin ecosystem, reflecting the trend of developers introducing more practical features on the world's oldest blockchain over the past 18 months. Lemniscap plans to invest in zero-knowledge infrastructure, consumer applications, and decentralized physical infrastructure (DePIN) projects. The fund is led by Accolade Partners, a New York-based venture capital firm, which raised more than $1 billion for three funds earlier this year. Lemniscap has previously made more than 130 investments, usually as a follow-on investor, including blockchain networks Avalanche, The Graph, and Axelar.
ParaFi Capital Completes $120 Million Fundraising, Will Buy Stakes in Other Crypto Funds
According to Bloomberg, New York-based digital asset management company ParaFi Capital has raised $120 million from investors such as Theta Capital Management and Accolade Partners. Henry Kravis, co-founder of KKR & Co., is also one of the company's backers. Under a new strategy of ParaFi, the funds will be used in part to acquire stakes in other crypto funds that focus on specific market segments, strategies or regions. ParaFi founder Ben Forman said in an interview that the company plans to build a portfolio in the next three to five years to invest in stakes in 30 to 50 such funds. In recent years, ParaFi has invested in nine different cryptocurrency management companies. As the number of crypto funds begins to grow again, the company is expanding this strategy to external investors. ParaFi is one of the largest crypto funds. The company has been operating hedge fund and venture capital strategies for about six years and has a team of 22 people. In addition to KKR and Kravis, ParaFi's investors also include Bain Capital Ventures.
Nvidia's Q2 revenue hit a record $30 billion, up 122% year-on-year
According to the financial community, Nvidia announced its second-quarter financial results as of July 28, 2024. In the second fiscal quarter, the company's revenue reached a record $30.04 billion, exceeding the market expectation of $28.7 billion, a year-on-year increase of 122%; under GAAP rules, net profit increased by 168% year-on-year to $16.6 billion, or $0.67 per share, exceeding market expectations. Among them, the data center business revenue this quarter was $26.3 billion, an increase of 154% over the same period last year, higher than the market expectation of $25.24 billion. Nvidia expects revenue of approximately $32.5 billion in the third quarter, which will be an increase of 80% over the same period last year, higher than the average analyst estimate of $31.7 billion. However, the market's highest expectation for Nvidia's third-quarter revenue reached $37.9 billion, raising concerns that its explosive growth is weakening. In addition, Nvidia announced that it has approved a $50 billion stock repurchase plan. Nvidia's U.S. stocks closed down more than 2%, and its stock price rose and then fell after hours, falling more than 8% at one point.
Four key forces sold 197,800 ETH in the past month, about $599 million
According to Spot On Chain statistics, ETH has fallen sharply twice in the past month (a cumulative decline of 23.5%). The following are four key forces that may have led to the recent sell-off: 1. Ethereum Foundation: sold 35,400 ETH (about US$95 million), still holding 275,000 ETH (about US$677 million). 2. Jump Trading: sold 88,900 ETH (about US$276 million), still holding 53,600 ETH (about US$132 million). 3. IC0-related whale "0xe17": sold 48,500 ETH (about US$154 million), still holding 303,000 ETH (about US$751 million). 4. Long-term holding whale "0x682": sold 25,000 ETH (about US$73.9 million), still holding 41,600 ETH (about US$103 million).
A whale/institution bought more than 14,000 ETH from Coinbase in the past 34 hours, and then deposited 1.3 ETH into Lido
According to on-chain analyst Ember, in the past 34 hours, a whale/institution purchased 14,008 ETH (about 35.64 million US dollars) from Coinbase through a newly created address, with an average price of 2,544 US dollars. After withdrawing ETH from Coinbase, he deposited 13,000 ETH into Lido.
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