Pavel Durov is currently detained in Paris, France, for a preliminary investigation. Although he has not officially been charged, his detention is set for 96 hours, after which a judge must determine his status.
Here's more insight into the legality of his detention.
â« Garde Ă vue (Article 63 to 77)
French law allows detainment of 24 hours even without formal charges with possibility of extension for up to 144 hours.
â« Warrant of Arrest
Issued by the OFMIN under the National Directorate of the Judicial Police (DNPJ), under the umbrella of the French Ministry of Justice. The warrant is only valid if Durov sets foot in France.
â« Citizenship
Durov was gifted a French citizenship possibly under the "distinguished foreigner" process in 2021-2022, subjecting him to French law.
â« Moments Before the Arrest
The Telegram founder's jet flew from Baku, Azerbaijan, and landed at the French airport around 7:30-8:00 PM local time. Local reports say he knew he was wanted but chose to land anyway. Others suggest either French authorities directed his flight to land in its territory despite an attempt to fly south or that the jet lacked fuel to leave.
[Click and vote for us](https://app.binance.com/uni-qr/cpro/motec?l=en&r=144316028&uc=app_square_share_link&us=copylink) âïž
Russia's Central Bank Moves Towards Legalizing Crypto for Qualified Investors
The Bank of Russia is considering allowing a specific group of qualified investors to trade cryptocurrencies as part of its plans to explore cross-border crypto transactions. The central bank is discussing legislative changes to create a new category of "particularly qualified investors" who would be permitted to buy and sell digital currencies.
In an interview with the Russian newspaper Izvestia, Alexey Guznov, the state secretary and deputy governor of the Bank of Russia, mentioned that while this move is under consideration, all potential risks need to be thoroughly assessed before implementation. The central bank is also open to the use of stablecoins for international trade, provided they meet certain criteria.
In addition to these developments, Russia is reportedly exploring the establishment of at least two domestic crypto exchanges. These exchanges might use the existing infrastructure of stock exchanges in Moscow and Saint Petersburg, with a focus on developing stablecoins, including those tied to the Chinese yuan and a basket of BRICS currencies.
Polygon Foundation Whale Moves $MATIC to #Binance đŠđł
A wallet linked to the #Polygon Foundation has been steadily transferring MATIC tokens to Binance. đ In the past five days alone, they've moved 15.49 million #MATIC , worth over $8 million.
This wallet still holds a significant amount of MATIC, with 13 million tokens currently staked. đ
Important Note: Remember that on September 4, there will be a 1:1 migration from MATIC to #POL . đ This means that the number of tokens will increase, but the value per token will decrease. đ
What do you think is behind this whale's activity? Are they selling to take profits, or is there something else going on? Let's discuss! DYOR! #WhaleAlert
Source: SpotOnChain
WIF Looking Good â Can We Get 2.25?
WIF was one of the biggest gainers last week, adding almost 40%. Based on the chart, it is likely we'll see a continuation of the uptrend.
Here's why:
âą WIF faced resistance at the psychological $2 mark. Actually, it's not surprising after the intense climb.
âą Afterward, WIF entered a descending channel you could interpret as a bull flag.
âą Typically, a descending channel after a pump is considered a continuation pattern. Accordingly, we should see a breakout to the top at some point.
If this breakout happens, the price should quickly rise toward the level of 2.25 (calculated based on the previous pole flag).
Therefore, you should pay close attention to the upper trendline.
$WIF #Dogwithhat
#Bitcoin sideways price action is bearish?
Before each big move, BTC has typically consolidated within a range.
In the past, these consolidations have lasted anywhere from 8 to 30 weeks.
Right now, we're 25 weeks into the current consolidation phase.
While it's impossible to say how long this will last, one thing is clear- we're still in a bull run.
If this pattern repeats, the breakout could be explosive.
Dogecoin To Rise as High as $10, Hereâs When
Analyst Predicts DOGEâs Path to $10
Dogecoin (DOGE) investors have been growing wary of the meme coinâs current price rut. While most assets recorded a triple-digit surge throughout the past year, DOGE saw an uptick of just 72%.
The asset was trading at $0.1085 at press time, with a 1.74% drop over the past 24 hours. Despite this, investors were given hope after an analyst outlined DOGEâs path to $10.
According to an analyst by Ăima James Potts, DOGE is on its way to the top. Recent changes in the tokenâs price suggest that DOGE is approaching the bottom.
The crossing of particular technical indicators has traditionally predicted the start of a price spike in the following weeks.
In the present cycle, this pattern is anticipated to recur, possibly as early as the first week of September.
Looking Back At Dogecoinâs Older Patterns
The expert has also seen a cyclical trend in Dogecoinâs price hikes. The meme coin has seen significant price increases every three years. In the first cycle, the price of DOGE increased 1.5 times from the beginning of 2016.
The price was 2.5 times higher at the end of the second cycle, which was in 2020. If this pattern continues, the analyst projects that the meme coin will close in 2024 at almost $0.31, a 3.5-fold increase from its initial price of $0.09051.
Future Projections for Dogecoin
âBased on historical patterns, DOGECOIN could experience some of its most substantial price increases in 2025. Similar to previous cycles, I anticipate a significant surge in the fourth year (2025). In the first cycle (2017), Dogecoin saw a 9000% increase, and in the second (2021), it rose by 18,000%. If this trend continues, we may witness an equally impressive, if not larger, price appreciation in the third cycle.â
While reaching $10 isnât easy for the asset, Changelly revealed that DOGE will take time to reach this milestone. The meme coin will achieve this level only in 2040.
#doge⥠#TelegramCEO #CryptoMarketMoves #BTCâ #BlackRockETHOptions
đ **Crypto News Flash: Understanding Token Generation Events (TGEs)!** đ
- **What is a TGE?**
A Token Generation Event (TGE) is when a project's digital tokens become available for purchase, allowing early investors to support the project from the start. These tokens are often utility tokens used for transaction fees or unlocking features on a blockchain platform.
- **Market Impact:**
The initial token supply during a TGE can influence prices. Well-managed supplies keep prices stable, while oversupply can cause drops. Gradual release of tokens to team and advisors ensures long-term project commitment.
- **TGE vs. ICO:**
- **ICO:** Early-stage fundraising before project completion.
- **TGE:** Token release for trading and use, indicating project maturity.
- **Advantages:**
TGEs promote decentralization, build strong communities, and ensure regulatory compliance. They distribute tokens widely, fostering innovation and long-term success.
- **Upcoming TGEs 2024:**
- **Orderly Network (ORDER):** August 26
- **Bondex (BDXN):** September
đŹ **What are your thoughts on TGEs vs. ICOs? Share in the comments!** đŹ
Today's update on $ETH
The price is still encountering resistance at $2,800, currently trading at $2,735.58. A minor correction is expected, followed by a potential break above this level, with my initial target of $3,000 still in play. A successful breakout could propel #ETHđ„đ„đ„đ„ to new highs, with further upside potential beyond $3,000.
#Crypto #Alts Conventional Technical Analysis Wisdom Suggests That Markets Rarely Move In Straight Lines, Instead Exhibiting Complex Patterns Like Higher Highs And Higher Lows (Uptrend), Lower Highs And Lower Lows (Downtrend), Consolidations (Sideways Movement), And Breakouts (Sudden Price Movements). Your Observation About The Altcoin Market Cap Chart Is Insightful, Noting The Consolidation From April To October Last Year Led To A Breakout And Significant Gains. Similarly, The Current Descending Broadening Wedge Pattern Is Comparable To A Bullish Pennant, Indicating A Potential Breakout Soon. If Successful, This Breakout Could Propel The Entire Altcoin Market Towards New All-Time Highs.
đ¶ DOGS Price Prediction || đ¶ Where we should sell ?
đ¶ DOGS, a Ton blockchain memecoin, will be listed on Binance today, August 26, 2024, at 12:00 UTC. With a total supply of 550 billion $DOGS, 516.75 billion (93.95%) will be in circulation at launch.
Please đ„ș Click here đ@MU_Traders đ and give your today vote to @MU_Traders .
đ¶ Key Predictions:
1. Launch Price Surge: Expect $DOGS to peak around $0.001 in the first minutes, followed by a correction.
2. Liquidity Insights: The 5.45% liquidity allocation is higher than usual, suggesting potential price stability.
3. Distribution Concerns: The large allocations for community airdrop (72.73%) and marketing (9.18%) could be used for manipulation.
đ¶ Strategy Tips:
1. Sell Early: Consider selling airdropped tokens during the initial price peak.
2. Futures Market Caution: If futures launch, avoid high funding rates that could erode profits. Shorting might be an option, but manage risks carefully.
3. Watch for Corrections: Anticipate a significant correction in the coming days, which might offer a buy opportunity before another price surge.
đ¶ Disclaimer: This isn't financial advice. Investing and trading involve risks. Conduct thorough research before making any decisions.
If you find this post helpful then please like it and don't forget to vote us. We need your support please don't forget to vote @MU_Traders . After giving vote drop done comment . Thank you for supporting us. Follow @MU_Traders for more insights.
#MtGoxRepayments #BinanceLaunchpoolDOGS #dogs #MU_Traders
#NewEraofHOOKED #Hookedfrens
đ HOOKED 2.0: Hooked Alumni - Co-educating Quizathon with 4 Leading TON Projects!
Thrilled to unveil our revolutionary collab with 4 TOP partners, showcasing the TON Ecosystem's Top Performing Innovators!
đ€ As TONâs cutting-edge tech and infra drive Web3âs global adoption, our platform is elevating the social learning experience for seamless onboarding worldwide.
Together, we're pioneering a new era in Web3 education with unparalleled learning experiences!
đ«Co-educating partners: @ton_blockchain, @PokeyQuestGame, @ethsign, @storm_trade_ton
Explore TON-themed learning, insightful AMAs, enhanced rewards soon!
đš JUST IN : BREAKING NEWS đš
#dogs PRICE PREDICTION âŒïž
Binance is set to officially list the DOGS token on August 26, 2024, at 12:00 UTC.
Token Name: $DOGS
Total and Max Token Supply: 550,000,000,000 DOGS
Launchpool Token Rewards: 22,000,000,000 DOGS (4% of total token supply)
Initial Circulating Supply When Listed on Binance: 516,750,000,000 DOGS (~93.95% of total token supply)
#Dogs Price Prediction
Given the current trend and hype surrounding DOGS, it is plausible to consider a market capitalization of $800 million to $1 billion. Hereâs how this translates into potential price ranges:
1. Market Cap of $800 Million:
Price Calculation:
Price = Market Cap /Total Supply =800,000,000/550,000,000,000 = $0.00145
2. Market Cap of $1 Billion:
Price Calculation:
Price = Market Cap/Total Supply= 1,000,000,000/550,000,000,000 = $0.00182
Could #DOGS List at $0.01?
Given the current hype and market conditions, it is plausible to consider a scenario where DOGS Token could reach or even be listed at $0.01. If DOGS were to list at this price, hereâs what the market capitalization would look like:
Market Cap Calculation:
Market Cap=PriceĂInitial Circulating Supply=0.01Ă516,750,000,000=$5,167,500,000
Initial Market Cap at $0.01 Listing Price: $5.17 billion
Price Prediction Scenarios Post-Listing
If DOGS manages to maintain or increase its market cap post-listing, further price growth could be seen. The continuation of this momentum will depend on several factors, including market sentiment, community engagement, and the overall performance of the cryptocurrency market.
If the market cap grows to $6 billion: The price could rise to approximately $0.0116.
If the market cap experiences a correction: The price might drop below $0.01, depending on the intensity of the sell-off and market conditions.
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole $BTC
[VOTE AND EARN 5 DOLLARS](https://app.binance.com/uni-qr/cpro/CryptoPrincess?l=en&r=359246578&uc=app_square_share_link&us=more) đž đ
Telegram Deems Misuse Allegations âAbsurdâ Following CEOâs Paris Arrest
Telegram stated that it complies with EU laws and dismissed claims that Durov or the platform is responsible for user abuse, calling such accusations "absurd."
Telegram on Sunday questioned France for arresting its CEO Pavel Durov, who was detained at a Paris airport over the weekend.
âTelegram abides by EU laws, including the Digital Services Act â its moderation is within industry standards and constantly improving,â the app said Monday on X. It added that Durov, who frequently travels across Europe, has ânothing to hide.â
âIt is absurd to claim that a platform or its owner are responsible for abuse of that platform,â the Dubai-based platform said.
Local media reported that authorities arrested Durov at Bourget airport near Paris on Saturday. French authorities reportedly detained the CEO upon his arrival from Azerbaijan on his private jet. He is originally from Russia, but holds dual citizenship with France and the United Arab Emirates.
The arrest is tied to an investigation into whether Telegramâs content moderation has enabled crimes like terrorism and trafficking. Durov has not been formally charged yet, but the investigation is centered on Telegramâs moderation practices.
Telegram-linked Toncoin has plunged 17% following the arrest. The token was down 1.1% on Monday.
#laraxen #LaraxenFamily #Laraxenteam