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Toncoin Blockchain Community Launches Initiative to Free Telegram Founder Pavel Durov After France Arrest

Toncoin Blockchain Community Launches Initiative to Free Telegram Founder Pavel Durov After France Arrest

The community behind layer-1 blockchain The Open Network (TON) is rallying behind the messaging platform Telegram’s founder, Pavel Durov, who is currently detained in France. French authorities arrested Durov at the Le Bourget Airport last weekend on a warrant related to Telegram’s alleged failure to moderate content linked to drugs, fraud and other criminal activities. […]

The post Toncoin Blockchain Community Launches Initiative to Free Telegram Founder Pavel Durov After France Arrest appeared first on The Daily Hodl.

Things Are About To Get ‘Silly’ With Memecoins Again, Says Top Crypto Analyst – Here Are His Leading Picks

Two Crypto Analysts Predict Rallies for Toncoin (TON) Following Last Week’s Abrupt Correction

Two Crypto Analysts Predict Rallies for Toncoin (TON) Following Last Week’s Abrupt Correction

Two closely followed crypto strategists are predicting a rebound for layer-1 protocol Toncoin (TON) after last week’s sudden correction. Pseudonymous analyst Altcoin Sherpa tells his 220,700 followers on the social media platform X that TON could rally more than 23% from its current value. “Bought TON last night in spot, going to hold it and […]

The post Two Crypto Analysts Predict Rallies for Toncoin (TON) Following Last Week’s Abrupt Correction appeared first on The Daily Hodl.

Things Are About To Get ‘Silly’ With Memecoins Again, Says Top Crypto Analyst – Here Are His Leading Picks

TON Blockchain Issues Statement Following Arrest of Telegram Founder Pavel Durov

TON Blockchain Issues Statement Following Arrest of Telegram Founder Pavel Durov

Layer-1 blockchain The Open Network (TON) is issuing a statement in support of Telegram founder Pavel Durov after his recent arrest in France. TON says on the social media platform that its network will continue to run as usual following Durov’s detention over alleged offenses related to the Telegram messaging app. “As a community committed […]

The post TON Blockchain Issues Statement Following Arrest of Telegram Founder Pavel Durov appeared first on The Daily Hodl.

Things Are About To Get ‘Silly’ With Memecoins Again, Says Top Crypto Analyst – Here Are His Leading Picks

Telegram issues official statement on Pavel Durov detention

The Telegram team said, "Telegram's CEO Pavel Durov has nothing to hide and travels frequently in Europe."

The Telegram messaging platform has issued what appears to be its first official statement concerning the detention of its CEO, Pavel Durov.

Durov’s status remains unclear as French authorities have so far reportedly refused to cooperate with the Russian embassy. As Cointelegraph previously reported, authorities in Paris are scheduled to give an official statement on Monday, Aug. 26.

Telegram’s official statement was posted on Aug. 25 at approximately 12:00PM PST, via the platform’s Telegram News channel. The company expressed its full-throated support for its CEO and wishes for a quick resolution to the situation.

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Things Are About To Get ‘Silly’ With Memecoins Again, Says Top Crypto Analyst – Here Are His Leading Picks

French authorities to issue statement on Pavel Durov’s detention

It remains unclear if Durov has been officially arrested or charged.

French authorities are scheduled to issue a statement on the detention of Telegram CEO Pavel Durov on Monday, Aug. 26. 

The outspoken billionaire was reportedly detained at an airport outside of Paris on Aug. 24 by French authorities. While initial reports indicated he’d been arrested on a litany of charges related to the Telegram messaging app’s lack of moderation, as of Aug 25, there appears to be no official confirmation that Durov has been placed under arrest or charged with crimes.

According to a report from The Washington Post, authorities in Paris have confirmed that Durov has been “detained” and a statement will be issued on Monday, Aug. 26.

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Things Are About To Get ‘Silly’ With Memecoins Again, Says Top Crypto Analyst – Here Are His Leading Picks

Crypto Market Surges by $623B in 2024 as Bitcoin Climbs $20K Higher

Crypto Market Surges by 3B in 2024 as Bitcoin Climbs K HigherIn just seven months—roughly 236 days—since the year began, the crypto economy has ballooned by a staggering $623 billion. The top crypto asset, bitcoin, has seen its market value soar by more than $20,000, while ethereum, the second-largest by market cap, has climbed over $470 during this period. Top 10 Crypto Market Climbs From $1.37T […]

Things Are About To Get ‘Silly’ With Memecoins Again, Says Top Crypto Analyst – Here Are His Leading Picks

Toncoin open interest surges 32% following Pavel Durov’s arrest

Toncoin's price sharply declined following the news that Pavel Durov had been arrested, and future traders saw it as an opportunity with open interest surging 32%.

Toncoin (TON), the native coin of The Open Network and originally developed by the Telegram messaging app, saw a surge of future traders hedging their bets on the asset’s price following the arrest of Telegram CEO Pavel Durov.

On Aug. 24, Durov was arrested when his plane landed at the Bourget airport outside Paris. He allegedly faces charges of terrorism, trafficking, conspiracy, fraud, money laundering, and more.

Just hours after the reports emerged, Toncoin Open Interest (OI) surged 32% to $303.09 million, according to CoinGlass data. The flock of traders appeared following TON’s price plummeting following the news.

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Things Are About To Get ‘Silly’ With Memecoins Again, Says Top Crypto Analyst – Here Are His Leading Picks

Telegram CEO Pavel Durov Arrested in France: TON Price Plummets

Telegram CEO Pavel Durov Arrested in France: TON Price PlummetsPavel Durov, founder and CEO of Telegram, has reportedly been arrested at Le Bourget airport in France under a search warrant issued by the French judicial police. The arrest follows accusations that Telegram facilitates crimes like drug trafficking and fraud due to its anonymity features. Durov faces serious charges, including terrorism and narcotics trafficking. Telegram […]

Things Are About To Get ‘Silly’ With Memecoins Again, Says Top Crypto Analyst – Here Are His Leading Picks

Bitcoin’s range-bound price action could kickstart BNB, TON, AAVE and HNT

Bitcoin’s price consolidation could convince traders that it's time to play with altcoins. BNB, TON, AAVE and HNT are the ones on Cointelegraph's radar.

Bitcoin (BTC) continued its sideways price action as buyers successfully defended the $55,724 support this week. Large fund managers have used the period of consolidation to add spot Bitcoin exchange-traded funds (ETFs) to their portfolios. According to an analysis by CoinShares Research, Goldman Sachs bought $419 million, Capula Management acquired $470 million, and Avenir Tech purchased $388 million worth of Bitcoin ETFs since March.

A report published by cryptocurrency exchange Coinbase shows that institutional investors labeled as investment advisers increased their Bitcoin ETF holdings by 3% in the second quarter of 2024. During the same period, the hedge fund holdings declined slightly. Coinbase believes that the summer period in the United States (June to August) may delay “large inflows,” keeping the price action choppy.

Crypto analyst Matthew Hyland said in a video analysis that Bitcoin is following patterns similar to those in previous US election years. According to that, Bitcoin may remain in the range for “a little bit longer” and break out probably in October or November.

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Things Are About To Get ‘Silly’ With Memecoins Again, Says Top Crypto Analyst – Here Are His Leading Picks

Top 10 Cryptos Today: Down Between 20% and 89% From All-Time Highs

Top 10 Cryptos Today: Down Between 20% and 89% From All-Time HighsIn mid-August, bitcoin’s price dipped below $60,000, hitting a low of $56,646 per BTC on Thursday. Currently, BTC is hovering just above $58K, sitting at $58,267, which is about 20.2% lower than its all-time high (ATH) of $73,737 reached on March 14. While BTC has seen a 20.2% drop from its ATH, several other leading […]

Things Are About To Get ‘Silly’ With Memecoins Again, Says Top Crypto Analyst – Here Are His Leading Picks