Crypto Roundup: Telegram CEO Arrested, Russia Weighs Crypto, Argentina Teaches Ethereum, Binance Lists MiCA Stablecoin

Our canary has brought some exciting news from the crypto world today. Telegram's CEO was arrested in Paris for alleged moderation failures. Meanwhile, Russia is considering legalizing crypto for investors. Argentina is taking a progressive step by introducing Ethereum into school curricula. Binance has made a significant move by listing its first MiCA-compliant stablecoin, a major milestone for the industry.

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Meme of the Day

Market Movements - 26 Aug 2024

The crypto market witnessed mixed movements on Monday. Bitcoin declined marginally by -0.48% to $63,667.43, while Ethereum dipped by -0.93% to $2,729.48. BNB declined by -2.33% to $561.57, while Solana was slightly up by +0.83% to $159.67.

Among altcoins, Tron rose by +3.97% to $0.167, while Toncoin dipped by -0.90% to $5.58. Cardano decreased by -2.32% to $0.373, and Avalanche was in red by -0.09% to $26.61.

Movers and Shakers

In the last 24 hours, the top gainers included Artificial Superintelligence Alliance (+6.02%), Tron (+3.97%), and Helium (+3.38%). The top losers included DOGS (-22.11%), SATS (-7.13%), and Brett (-4.96%).

Project Updates

1. Shiba Inu launches a DAO (Decentralized Autonomous Organization) to give token holders voting rights in the project's future.

   Read more here

2. Stablecoin market cap reached a new all-time high, driven by institutional investor interest. USDT and USDC have seen significant growth.

   Read more here

3. Shift Markets released a white-label crypto derivatives platform to meet the increasing demand for derivatives trading.

   Read more here

4. Hackers took over Polygon's chat channel for 3 hours, sending fake messages and stealing money from some users. Polygon has regained control and is fixing the damage.

   Read more here

5. Depin.io.net, a leader in decentralized compute networks, has launched a new Staking Program. Users can stake their devices in the IO Network to earn block rewards.

   Read more here

Hall of Fame, Hall of Shame

China's Bllionaire Jailed for Crypto Fraud

The second-richest man in China was jailed for six years after being convicted of running a fraudulent cryptocurrency investment scheme that raised over $5M from investors.

Read more here

Scammers Target Indian Investors with Fake Crypto

Scammers impersonated GBE Brokers on social media, luring investors with a fake crypto platform. They used VPNs and virtual numbers to avoid detection. Indian police seized over $100k in assets tied to the scam.

Read more here

What moved in the Crypto World Today

Telegram CEO Arrested in Paris Over Moderation

Reports indicate Telegram CEO Pavel Durov was arrested at Paris's Bourget airport. The investigation allegedly concerns insufficient platform moderation. Durov has previously discussed challenges from global authorities regarding Telegram's strong encryption policies.

Read more here

Russia Mulls Crypto Legalization for Investors

Russia's central bank is considering legalizing crypto for qualified investors. They are creating a new category of investors and considering stablecoins for international trade.

Read more here

Argentina to Teach Ethereum in Schools

Argentina's Ministry of Education partners with ETH Kipu Foundation to introduce blockchain technology, including Ethereum, to high school curriculum, aiming to equip students with relevant skills for the tech job market.

Read more here

Binance Lists first MiCA-compliant Stablecoin

Binance announced the listing of EURI, one of the first stablecoins to be compliant with the European Union's Markets in Crypto Assets (MiCA) regulation framework.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. Bitcoin-native stablecoin on Runes Ducat raised $1.25M in a Pre-seed funding round led by UTXO Management.

   Read more here

2. Web3 gaming and social platform, Sidekick received undisclosed funding from Binance Labs Fund.

   Read more here

3. Web3 loan financial platform, Arch Lending raised $5M in a Seed funding round led by Morgan Creek Capital, and Castle Island Ventures.

   Read more here

Whale Movements

1. Liquidity provider 0xaba sold 380,285 TON for $2.119M worth of USDT and ETH. Txn details here

2. Wallet 0x0db ("christian2022.eth") withdrew 3.843M ARB ($2.31M) from Binance. Txn details here

3. ETH ICO participant 0x235 woke up after 9.1 years and transferred all 2,000 ETH ($5.47M) to 3 new wallets. More detail here

Today’s Token Unlocks

DOGS (DOGS) - $636.50M
Orderly Network (ORDER) - $30.91M
Worldcoin (WLD) - $8.86M

Coinversation Street

Our Canary brings some of the trending and informative tweets from the crypto world:

@DefiIgnas shares about Ethereum's Pectra upgrade:

@knowerofmarkets on memes, memecoins and information distribution:

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