Telegram founder Pavel Durov arrested in France, TON price drops 16%

Pavel Durov, the 39-year-old founder and CEO of the encrypted messaging app Telegram, was arrested around 8 PM on Saturday at Le Bourget airport in France. Durov, a French-Russian national, was detained... Read more »

EU’s fragmented AI regulatory framework is hampering innovation: Meta and Spotify CEOs

The European Union’s “fragmented regulatory structure” is stifling artificial intelligence (AI) innovation, Meta CEO Mark Zuckerberg and Spotify CEO Danie Ek said in a joint statement published on Friday. The two tech... Read more »

Blockchain industry pushes back against SEC’s sweeping audit trail regulations

The DeFi Education Fund and the Blockchain Association have submitted an amicus brief in support of a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The brief... Read more »

Bitcoin accumulation addresses see steady rise

Onchain Highlights DEFINITION: The number of unique accumulation addresses. Accumulation addresses are defined as addresses that have at least 2 incoming non-dust transfers and have never spent funds. Exchange addresses and addresses receiving... Read more »

China extradites mastermind behind $14 billion crypto pyramid scheme

The Chinese government announced the extradition of the mastermind behind a multi-billion-dollar crypto pyramid scheme from Thailand, according to an Aug. 23 statement. The Chinese Ministry of Public Security identified the suspect... Read more »

Vitalik Buterin says Ethereum’s fundamentals have become ‘crazy strong’

Vitalik Buterin said that the series of critical developments in Ethereum’s (ETH) ecosystem in recent months have made the network’s fundamentals “crazy strong.” Buterin made the statement in response to claims that... Read more »

Stablecoins hold around 1% of US Treasury bills today – Bitwise

Quick Take Juan Leon, Senior Investment Strategist at Bitwise Invest, highlights the growing influence of stablecoins in the US Treasury bill market. Currently, stablecoins hold approximately 1% of US Treasury bills, but... Read more »

Crypto firms pour $119M into 2024 US federal elections, rivaling traditional powerhouses

Crypto companies have significantly increased their involvement in the US federal elections in 2024, contributing over $119 million so far, according to a Public Citizen report published on Aug. 21. The report... Read more »

Institutional Bitcoin ETF ownership led by Wisdom Tree at 92%, IBIT at 47%

Quick Take Matthew Sigel, head of digital assets research at VanEck, noted the institutional ownership in Bitcoin ETFs, reflecting the growing interest in these financial instruments. A breakdown of institutional ownership percentages... Read more »

Bitcoin’s 2022 bull cycle shows recurring deep corrections, aligning with historical patterns

Onchain Highlights DEFINITION: Bitcoin bull market corrections: drawdowns compared across previous cycles Bitcoin’s 2022+ cycle reveals a continuation of steep corrections, evidenced by multiple drawdowns exceeding 20% from peak values. This trend... Read more »
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