5 must-read articles for the evening | Is the NFT market dead?

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1. Will the founder of Telegram, who has been accused of multiple cyber crimes, be sentenced to prison?

On August 24, Telegram founder Pavel Durov was arrested at a French airport. After much speculation, the French authorities finally issued a detention statement, saying that Durov was suspected of providing unauthorized "cryptography" services and tools and other cyber crimes, as well as providing child pornography and sharing profits in "money laundering". Click to read

2. Rethinking Babylon’s launch on the BTCFi track

Babylon platform announced that its Bitcoin staking mainnet has been officially launched. In the first phase, the platform set a staking limit of 1,000 Bitcoins, and this limit has been fully reached. According to platform data, more than 12,700 users have participated in staking, and the total staking value exceeds 1,000 Bitcoins. Click to read

3.Bitwise: Powell's statement fired the starting gun for a new round of Bitcoin bull market

This is my answer to those who ask me why Bitcoin has been trading sideways since March. After all, the long-term outlook for Bitcoin is very positive in the long run. We have record ETF inflows, rapid institutional adoption, the post-halving effect, a heating political and regulatory environment, and a runaway federal deficit. It’s hard to imagine a better scenario. Yet, Bitcoin’s price is going nowhere. It has been doing so for months. I believe the reason is that all you see in the short term is uncertainty. Click to read

4. The world underestimated the significance of the arrest of Telegram’s founder

48 hours ago, Telegram founder Pavel Durov was arrested when his private plane landed near Paris.

Durov was born in Russia and his Telegram has nearly 1 billion active users. The Russian government has demanded that Durov be deported to Russia. However, Telegram is sometimes used for bad purposes, such as terrorist communications and the distribution of child pornography (two of the worst things you can imagine). Click to read

5. Is the NFT market dead?

Is the NFT Market Dead? I’ve been digging into the data on the NFT market crash and I wanted to share my analysis. Let’s break down what happened and why. Click to read

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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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