Controversy over the arrest of Telegram founder sparks debate on freedom of speech Telegram founder Pavel Durov's arrest in France has triggered widespread follow and criticism from the encryption community on freedom of speech. French authorities have accused him of conspiring with illegal activities, but have not formally charged him with any crimes. Longer calls for the release of Durov.

BTC returns above $65,000

After Fed Chairman Powell hinted at possible interest rate cuts, BTC soared above $65,000. Analysts believe that the preference for risk assets has returned to the BTC market. However, some believe that BTC may fluctuate in the short term in the range of $62,000 to $67,000.

Zuckerberg admits to being pressured by the government to review content

Meta CEO Mark Zuckerberg admitted that the Biden administration had pressured his team to review certain content on the platform. He stated that this was a mistake and that content standards should not be compromised due to any government pressure.

Russia to test Cryptocurrency payment and trading platform Russia will begin testing Cryptocurrency exchange on September 1 and use digital Tokens in cross-border transactions to help alleviate payment difficulties for sanctioned companies.

BTCETF continues to be favored by institutions

Investment advisors net bought $1.1 billion SpotBTCETF in the second quarter of this year, consolidating their important holder position. Institutionalization will drive BTC price and shareholder value.

ETH L2 ecosystem development

Vitalik, the founder of Ethereum, pointed out that the robustness of Ethereum's L1 is increasing, and there is a strong willingness to cooperate between L2 projects to improve the overall interoperability of the ecosystem. The daily active addresses on the Base Chain have exceeded one million, and the number of Basenames registered has surged.

Stable Coin supply continues to rise

PayPal's Stable Coin PYUSD Market Cap has exceeded 1 billion US dollars, with a 171% surge in the supply on the Solana chain in the past month. The total Market Cap of Stable Coins has risen by 1.03% in the past week.

Non-fungible Token market warms up

After experiencing a decline, the weekly sales volume of non-fungible tokens on mainstream blockchain networks has finally turned from falling to rising. The sales volume of on-chain non-fungible tokens on Ethereum, Solana, Polygon, and other networks has all increased.