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Telegram Founder and CEO Durov Arrested at French Airport by France's National Anti-Fraud Office | Cryptocurrency Trends

Tommy, Bitget Research
2024/08/26
Telegram Founder and CEO Durov Arrested at French Airport by France's National Anti-Fraud Office | Cryptocurrency Trends

1. Mainstream Exchange Trends:

  • Coinbase enables sending and receiving support for EURC on Solana.
  • Gate.io announces official sleeve partnership with Inter.
  • WazirX announces that it will allow INR balance withdrawals from its platform starting August 26, while cryptocurrency balances remain unavailable for withdrawal. Previously, WazirX lost over $230 million in a hacking incident in July.

2. Cryptocurrency Trends:

  • Telegram founder and CEO Durov is arrested at a French airport by France's National Anti-Fraud Office, leading to a significant drop in TON’s price, though a rebound follows. The DOGS community and Elon Musk express solidarity with Durov. DWF founder and Zhu Su, among others, state that they have bought TON in support.
  • TON changes its logo on CoinGecko and social media to Resistance Dog. This movement may have contributed to Resistance Dog (REDO) surging past $0.60 in a short period and rising over 60% in 24 hours.
  • Bitcoin holdings in Mt. Gox wallet decrease by approximately 77%: Since the beginning of 2021, the Mt. Gox wallet has held 141,690 BTC, but it now holds 32,900 BTC.
  • The total assets under management of the Hong Kong Bitcoin ETF exceed 2 billion Hong Kong dollars, with OSL's partners accounting for over 63%.
  • Fetch.ai launches innovation lab in San Francisco to propel AI advancements, with $10M in annual funding pledged.
  • The supply of USDe, a stablecoin issued by Ethena Labs, falls below 3 billion.

3. Financing Trends:

No trends of note.

4. Regulatory Trends:

  • A US court denies Kraken's motion to dismiss an SEC lawsuit, alleging it operates an unregistered securities exchange.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.