📉 Telegram Founder Arrested
Telegram founder Pavel Durov was detained in France, he is being prosecuted for refusing to moderate content on the platform.
The situation is being closely monitored, hopefully it is a misunderstanding.
📈 Market Reactions
Bitcoin reached almost $64,000, showing an increase of 8%.
In contrast, TON and NCoin fell significantly by 15% and 18% respectively after Durov’s arrest.
🗳️ Political Support for Digital Assets
Kamala Harris’ senior campaign adviser announced her support for the development of digital assets and the necessary regulatory measures if elected president.
⚖️ Regulatory Developments
China is now looking at crypto asset transactions as potential money laundering.
India is forming a panel to define its approach to crypto assets to promote innovation.
In the US, Kraken is facing legal challenges after a judge did not dismiss charges of operating as an unregistered securities trading platform.
🚀 Justin Sun’s New Launch
Tron founder Justin Sun introduced a new competitor to mCoin called Sunpump, which currently has a net worth of around $600 million.
🏢 CZ’s Prison Transfer
Binance founder CZ has been transferred from a California prison to a facility aimed at preparing inmates for social re-entry and is set to be released on September 29.