1. Lawyer’s perspective: Thoughts on the arrest of Telegram founder Durov
On August 24, Pavel Durov, founder of the popular messaging app Telegram, was arrested when his private plane landed in France. Click to read
2. Arthur Hayes: What America’s Newtonian Political Physics Means for BTC
As we saw in August this year, a rapidly strengthening yen means recession for global financial markets. If the world's three largest economies cut interest rates, which causes the yen to strengthen against their currencies, then we should expect a negative market reaction. We will have a battle between a positive force (lower interest rates) and a negative force (stronger yen). Given the tens of trillions of dollars of global financial assets financed in yen, I think there will be a negative market reaction due to the rapid unwinding of yen carry trades caused by a rapid strengthening of the yen, which will offset any benefits from a small rate cut in the dollar, pound or euro. Moreover, I think the wizards and sorcerers at the Fed, the Bank of England and the ECB recognize that they must be willing to unwind and expand their balance sheets to offset the adverse effects of a stronger yen. Click to read
3. Ethereum Foundation discloses spending: Where is $100 million spent each year
In the early morning of August 24, the Ethereum Foundation transferred 35,000 ETH to Kraken. In response to netizens’ questions about financial disclosure, Aya Miyaguchi, executive director of the Ethereum Foundation, revealed that “the Ethereum Foundation has an annual budget of approximately $100 million and will gradually sell the transferred 35,000 ETH in a planned manner.” This has aroused netizens’ concern about the transparency of the Ethereum Foundation. Click to read
4. Current Status of DePIN on L1/L2
How is the development of DePIN on L1 and L2? Although Solana is currently very popular, some well-known DePIN projects have begun to adopt Arbitrum and Polygon as the base chain. As the DePIN field develops, it can be foreseen that DePIN-specific chains such as IoTex and Peaq and L1 and L2 that vigorously develop AI like Near and Aptos will continue to grow. Click to read
5. Glassnode: Is a new cycle of increased volatility coming?
Over the past few months, net capital inflows into the Bitcoin asset have begun to slow. This suggests a certain balance between investors making profits and losing money. It is worth noting that capital inflows into the Bitcoin market are rarely this quiet, with 89% of days seeing greater inflows than today (excluding loss-led bear markets). It is also worth noting that similar periods of inactivity often precede significant spikes in future volatility. Realized market capitalization remains at an ATH of $619 billion, with net inflows reaching $217 billion since the $15,000 low set in December 2022. Click to read
