Telegram responds to CEO arrest, Sony Layer 2 network will be launched on testnet

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Telegram responds to CEO's arrest: Telegram complies with EU law, audits meet industry standards and continues to improve

Telegram issued a statement on its official X platform account in response to the CEO’s arrest, saying:

1. Telegram complies with EU law, including the Digital Services Act - its audit meets industry standards and is constantly improving.

2. Telegram CEO Pavel Durov is not hiding and travels frequently in Europe.

3. It is absurd to claim that a platform or platform owner should be held responsible for abuse on the platform.

4. Nearly one billion users around the world use Telegram as a means of communication and an important source of information.

5. The team is awaiting a prompt resolution to this situation.

▌Sony 's Layer2 network Soneium may be launched on the test network on August 28

Soneium, the Ethereum Layer2 network jointly developed by Sony and Startale Labs, released a graphic with "08.28.2024" on X, which may imply that the test network will be launched on August 28. Previously on August 23, Soneium announced that it would launch a test network in the next few days, which will be built on OPStack.


Quotes

As of press time, according to Coingecko data:

BTC's latest transaction price is $64,298.62, with a daily change of +0.1% ;

The latest transaction price of ETH is 2,749.89 yuan, with a daily change of -0.8% ;

BNB's latest transaction price is $574.30, with a daily change of -1.4 % ;

SOL's latest trading price is $159.35, with a daily change of -0.8% ;

DOGE's latest trading price is $0.11, with a daily change of -2.4% ;

XPR's most recent trading price was $0.6011, with a daily change of -2.0% .


policy

▌Former Heartland Tri-State Bank CEO Sentenced to More Than 24 Years in Prison for $47 Million Cryptocurrency Fraud

Shan Hanes, former CEO of Heartland Tri-State Bank, has been sentenced to 293 months in federal prison for his role in a $47 million cryptocurrency scam. Court documents show that Hanes executed 11 unauthorized wire transfers between May and July 2023, transferring $47.1 million of the bank's funds to a cryptocurrency wallet as part of a scheme known as "pig killing" to lure unsuspecting investors into fraudulent digital asset investments. Special Agent in Charge Justin R. Bundy announced Hanes' sentencing for his role in a $47.1 million embezzlement scam that ultimately led to the collapse of Heartland Tri-State Bank.


Blockchain Applications

Avalanche: The official Discord has been restored to safety and will be reopened in due course

Avalanche posted on social media that its Discord has been restored to safety and will be reopened at a time that CM deems appropriate. Earlier news reported that Avalanche's official Discord was attacked.

Banana Gun: Bots are still safe to use

According to official news, Telegram Bot project Banana Gun said, "The situation regarding the founder of Telegram has raised some questions in our chat and how this affects Banana Gun. It is important to note that our Bot is safe to use.

Banana Gun wants to assure its users that Banana Gun is much more than a Telegram Bot. In fact, Banana Gun is actually a completely custom backend system. While this backend currently powers its Telegram frontend, it will soon become the engine for many other frontends as well.


Cryptocurrency

NFT lending platform Blend’s total transaction volume has reached US$6.812 billion

According to Dune data, the total transaction volume of Blend, an NFT lending platform under Blur, has reached US$6.812 billion, with a total of 755,116 loans. The platform currently has 11,547 independent borrowing addresses and 4,601 independent loan addresses.

Telegram releases official statement on the arrest of founder Pavel Durov

Telegram has issued its first official statement on the arrest of its CEO Pavel Durov. “It is unclear what exactly Durov has been charged with, or if he has been arrested at all. There have been various reports that he may have been arrested for lack of management of the Telegram platform, but without official confirmation from the French government or further explanation from Telegram, the facts remain murky. Telegram CEO Pavel Durov has nothing to hide and travels frequently in Europe.”

Memeland team: Treasury funds have been used to purchase $1 million worth of TON

The Memeland team announced on its social media platform that it has used the team’s treasury funds to buy $1 million worth of TON on the open market, which it will hold until Durov is released. Earlier news has said that ZhuSu, the founder of DWFLabs, has used a similar method to support Durov.

Justin Sun: The TRON community has passed a proposal to increase the energy limit, and the network gas fee will be significantly reduced

Justin Sun said on his social platform that TRON community Proposal No. 92 is now effective, raising the energy limit to 120 billion. This means that TRX stakers can conduct more transactions, network gas fees will be reduced, and network activity will increase.


    Important economic developments

    ▌The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 63.5%

    According to CME's "Fed Watch": The probability of the Fed cutting interest rates by 25 basis points in September is 63.5%, and the probability of cutting interest rates by 50 basis points is 36.5%. The probability of the Fed cutting interest rates by 50 basis points by November is 36.7%, the probability of cutting interest rates by 75 basis points is 47.9%, and the probability of cutting interest rates by 100 basis points is 15.4%.


    Golden Encyclopedia

    What is the new domain name dacc.eth registered by Vitalik?

    Ethereum co-founder Vitalik Buterin has chosen a new Ethereum domain that specifically refers to "defensive accelerationism." Buterin's d/acc advocates for a controlled, cautious approach to technological development and promotes more decentralization. This philosophy "seeks to create and maintain a more democratic world and attempts to avoid centralization as the preferred solution to our problems."

    Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.

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    Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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