French authorities to issue statement on Pavel Durov’s detention

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.

In the wake of Durov’s detention, the Russian embassy has reportedly reached out to French authorities requesting access to Durov and clarification concerning the details surrounding his detention.

According to the Post, an embassy spokesperson, posting on Telegram, wrote on Aug. 25 that, “as of today, the French side has so far avoided cooperation on this issue.”

As Cointelegraph recently reported, the fallout from Durov’s detention has caused the price of TON to dip by more than 12%, however it seemingly has had the opposite effect on his support among the cryptocurrency and Telegram communities.

Social media is rife with messages of support, calls to “Free Durov,” and myriad theories as to exactly why the French government targeted the billionaire. Even X platform owner Elon Musk weighed in, posting an earlier interview with Durov and the hashtag “FreeDurov” as well as re-posting multiple supportive messages over several hours on the app.

Related: Will Telegram-linked Toncoin bounce back after Pavel Durov’s arrest?

#CryptoForEveryone we all are aware that the founder of Telegram #TelegramCEO has been arrested the 25august at the French airport coming from his private jet for content violation, for the community of about 900millios users, he himself his guilty and I want us to stand for #PavelDurovFreeDom

#CryptoForEveryone are you going to hold the #dogs or you will sell ❓$DOGS

Breakthrough In DNA Computing Paves Way For Future Innovations
According to Cointelegraph, scientists from North Carolina State University and Johns Hopkins University have achieved a significant milestone in molecular computing by developing a functional DNA computer. This advancement, detailed in research published on August 22, marks a potential shift in how computing could be conducted in the future, moving from traditional electronic systems to biological ones.
DNA storage has been explored for some time, but this new development represents the first instance of a molecular computer capable of both storage and computational functions using DNA. Unlike conventional computers that rely on electricity, this DNA-based system operates through molecular processes. In initial tests, the DNA computer successfully solved complex problems such as sudoku and chess, showcasing its computational capabilities.
Currently, most molecular computers are created using synthesized DNA, which means practical applications involving their integration into living organisms are not yet feasible. However, the foundational research suggests that with adequate funding and motivation, it could be possible to develop computation systems within living cells. Future advancements might even enable networking DNA-based computers within a single organism, opening up new possibilities for biological computing.
One intriguing concept is the idea of a blockchain network operating inside a human body. Similar to traditional blockchain networks, different cells could function as validation nodes for transactions occurring on a cellular blockchain. This could theoretically allow for the creation of a cellular blockchain network within specific organs, such as the heart or liver, to validate their function and verify cellular integrity. While this technology remains speculative and beyond current capabilities, the recent breakthrough brings it closer to reality.

$DOG has broken out of its triangle pattern!
Next resistances sit at $0.038 and $0.05.
However, if Bitcoin continues pumping, we could see DOG go much higher quickly.
For those who don't know, DOG is the #1 meme coin on Bitcoin's Runes protocol. Compared to other meme coins, it still has a relatively small market cap of 300m. $PEPE, for example, has a market cap of 3b.
With Bitcoin pumping, the chances are good that DOG will become more attention, too.
Important: DOG is not listed on Binance yet 👀.
$DOGS
#BinanceLaunchpoolDOGS

Ethereum(ETH) Surpasses 2,700 USDT with a 3.90% Increase in 24 Hours
On Aug 23, 2024, 17:47 PM(UTC). According to Binance Market Data, Ethereum has crossed the 2,700 USDT benchmark and is now trading at 2,711.209961 USDT, with a narrowed 3.90% increase in 24 hours.
#ETH #BinanceLaunchpoolDOGS #MtGoxRepayments

Cardano's ADA Sees Significant Price Surge Amid Market Recovery

According to CryptoPotato, Cardano’s ADA has seen a notable resurgence, with its price increasing by approximately 33% since the market crash on August 5. Currently trading at around $0.36, this represents a significant recovery from its recent lows. The broader market trends and other factors could further influence ADA's growth.
The upcoming Cardano hard fork, known as the Chang Hard Fork, is scheduled to go live on the mainnet on August 27. This upgrade is part of the Voltaire era, which aims for complete decentralization and community-driven governance. The hard fork is expected to enhance security and transparency within the ecosystem, potentially contributing to a bullish trend for ADA.
Market intelligence platform Santiment has noted that ADA’s Weighted Sentiment, which considers social volume, has reached its peak level for 2024. Despite this, the token's price remains down over 50% on a five-month scale, with only 21% of ADA holders currently in profit, while nearly 75% are experiencing losses.
ChatGPT, an AI-powered chatbot, suggests that several factors could drive ADA's price rally, including the overall performance of the cryptocurrency market and Bitcoin’s movements. Positive regulatory news, investor sentiment, and macroeconomic conditions are also seen as potential catalysts for ADA’s continued uptrend.
$ADA

Elon Musk's Twitter Takeover Poses Challenges For Banks.

According to Cointelegraph, there have been thousands of corporate buyouts since the 2008 banking crisis, but none have been as problematic as Elon Musk’s acquisition of Twitter, now rebranded as X. A report from the Wall Street Journal reveals that approximately $13 billion in loans used for the purchase are currently stuck on banks’ balance sheets.
Typically, banks sell such debt to other investors, allowing those not involved in the initial financing to become stakeholders. However, since X is a private company, this process has been complicated. When Musk purchased Twitter, it was valued at around $38 billion, making his $44 billion offer seem excessive. At its peak in 2020, the company had a valuation of about $62 billion. Currently, X is not required to report its revenues, making it difficult to ascertain its exact value. The company claimed in Q4 of 2023 that it was worth about $19 billion, while Fidelity analysts estimated it at $12.5 billion in January 2024.
The banks holding the majority of these loans, including Morgan Stanley and Bank of America, have seen their values decline as X struggles with revenue. Although these banks still receive interest payments, the loans are burdensome on their balance sheets. Barclays, one of the banks involved, even reduced employee salaries, with the mergers and acquisitions team facing a 40% pay cut, citing several hung deals, with X being the largest.

Tether Chooses Not To Launch Its Own Blockchain Amid Market Saturation.

According to Bloomberg, Tether has decided against launching its own blockchain due to the saturated market. Despite controlling USDT with a market cap of $117 billion and its wide usage for trading and remittances, Tether found no compelling reason to introduce a new blockchain. The current market dynamics illustrate why this decision was made.Data from DefiLlama reveals that out of 306 blockchains, the top five control approximately 86% of the total value of assets locked. Ethereum, the most commercially significant blockchain, leads the market with about $87.7 billion in Total Value Locked (TVL) out of the total $133.2 billion across all chains. TRON, a blockchain launched by crypto entrepreneur Justin Sun in 2017, manages $8.1 billion in TVL and handles 49% of the USDT supply. TVL refers to the overall value of crypto deposited in a protocol.For a blockchain to succeed, it needs high speeds, low fees, viable use cases, and strong security. Ethereum's dominance can be attributed to its first-mover advantage, flexibility for developers to build smart contracts, and its status as the home to the second-most liquid token, despite its high fees. The blockchain ecosystem has evolved into a multichain environment, with builders and issuers finding benefits in being active on various platforms.Tether's CTO, Paolo Ardoino, stated that the company prefers to remain blockchain-agnostic regarding where its stablecoin trades, as long as it ensures the highest level of security and sustainability. "For us, blockchains are just transport layers," Ardoino said.
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The Dog has it's paws in American Football, Boxing, and Baseball already...
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The Dog didn't forget about the biggest sport in the world🐾
Stay tuned❗❗❗
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To participate in the Hamster Kombat airdrop, make sure you meet the following criteria:
1. **Hold the Required Crypto**: Keep a specific amount of the designated cryptocurrency, like HAM, in your wallet to be eligible.
2. **Follow Hamster's Social Media**: Stay connected by following Hamster's official accounts on Twitter, Telegram, and other platforms.
3. **Be Active in the Community**: Join and engage in Hamster's community on platforms like Telegram and Discord.
4. **Complete All Tasks**: Ensure you complete all the tasks assigned to secure your eligibility for the airdrop.#HamstarKombat #BinanceBlockchainWeek #MtGoxRepayments #BinanceLaunchpoolDOGS #CryptoMarketMoves

HAMSTER KOMBAT AIRDROP UPDATE
Criteria to Qualify for the Airdrop
To be eligible for the Hamster Kombat airdrop, users must meet the following requirements
👉 : Hold the Required Token: Ensure you have a designated amount of a specific token, in your wallet.
👉 Engage on Social Media: Follow the official Hamster accounts on Twitter and Telegram to stay informed and connected.
👉 Join the Hamster Community: Become a part of the Hamster community by joining the Discord server or Telegram group.
👉 Complete Necessary Tasks: Make sure to complete all the required tasks to secure your eligibility for the Hamster airdrop.
Claim Your Airdrop
- Once you've completed all tasks, wait for the airdrop distribution
- Hamster Kombat will send the airdrop rewards to your wallet
- Check your wallet to confirm receipt of the airdrop tokens
Remember to stay updated with Hamster Kombat's official channels for any additional instructions or changes to the airdrop process
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Binance Futures Will Launch USDⓈ-Margined ALPACA Perpetual Contract With up to 75x Leverage
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the ALPACAUSDT Perpetual Contract at 2024-08-22 10:30 (UTC) with up to 75x leverage. 
More details on the aforementioned perpetual contract can be found in the table below:  
USDⓈ-M Perpetual Contract
ALPACAUSDT
Launch Time
2024-08-22 10:30 (UTC)
Underlying Asset
Alpaca Finance (ALPACA)
Settlement Asset
USDT
Tick Size
0.00001
Capped Funding Rate
+2.00% / -2.00%
Funding Fee Settlement Frequency
Every Four Hours
Maximum Leverage
75x
Trading Hours
24/7
Multi-Assets Mode
Supported
Please Note: 
The maximum funding rate of the aforementioned perpetual contract at the time of launch is +2.00% / -2.00%. 
The funding fee settlement frequency is every four hours.
Time
Max Funding Rate
2024-08-22 12:00 (UTC)
+2.00% / -2.00%
2024-08-22 16:00 (UTC)
+2.00% / -2.00%
2024-08-22 20:00 (UTC)
+2.00% / -2.00%
2024-08-23 00:00 (UTC)
+2.00% / -2.00%
…
…
Based on market risk conditions, Binance may adjust the specifications of the aforementioned Futures contract from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Multi-Assets Mode allows users to trade the aforementioned ALPACAUSDT contract across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the aforementioned perpetual contract. 
The aforementioned perpetual contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.
There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Further Information:
Trading Rules

#BinanceLaunchpoolDOGS
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#MyFirstSquarePost Bienvenue sur Binance Square !