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🌙 Telegram CEO Arrested in Cybercrime Probe

The CEO of Telegram has been arrested in connection with a cybercrime investigation involving unauthorized cryptology services, according to French authorities.

Author

Mike Gavela
August 26, 2024

Crypto Roundup - August 26

The CEO of Telegram has been arrested in France due to a cybercrime investigation linked to unauthorized cryptology services, raising significant concerns within the digital communication space. Meanwhile, PayPal’s USD stablecoin (PYUSD) has achieved a $1 billion market cap, highlighting its growing influence in the crypto market. Additionally, issuers of tokenized treasuries are advised not to fear potential rate cuts, as experts believe such cuts will have minimal impact on the attractiveness of these assets.

Top Stories:

  • Telegram CEO's arrest tied to a cybercrime probe involving unauthorized cryptology services, according to French authorities.

  • PayPal’s PYUSD stablecoin reaches a $1 billion market cap, signaling strong adoption and influence in the crypto market.

  • Issuers of tokenized treasuries advised that potential rate cuts are unlikely to diminish the appeal of these assets.

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TOP STORIES

Telegram CEO's arrest tied to cybercrime investigation of unauthorized 'cryptology' services, say French authorities

Reasons for Telegram CEO Pavel Durov's arrest by French authorities became clearer after authorities released a statement on Monday.

www.theblock.co/post/313094/telegram-ceos-arrest-tied-to-cybercrime-investigation-of-unauthorized-cryptology-services-say-french-authorities

PayPal’s PYUSD stablecoin hits $1B market cap

PayPal’s PYUSD stablecoin has surpassed a $1 billion market cap, competing with USDC and expanding its accessibility through partnerships.

cointelegraph.com/news/paypal-pyusd-stablecoin-1-billion-market-cap

Interest rates are about to fall. Should the $2bn tokenised treasuries market worry?

Tokenised treasuries have become a $2bn market thanks to a current 5% yield. That’s about to change.

www.dlnews.com/articles/markets/issuers-of-tokenised-treasuries-need-not-fear-rate-cut

FUNDRAISING

OTHER HEADLINES

Bitcoin ETF inflows show ‘sensitivity to interest rate expectations’

US investors poured half a billion dollars into spot bitcoin ETFs last week, with roughly half the flows entering the offerings on Friday.

blockworks.co/news/bitcoin-etf-inflows-interest-rate

Bitcoin poised for breakout as US money market funds reach $6.2T

US money market funds hit a new all-time high of $6.2 trillion on interest rate cut expectations, which could propel Bitcoin price to new record highs.

cointelegraph.com/news/us-money-market-funds-bitcoin-breakout

Polymarket Volume and Users At New High With Election Markets Making Up 87% - "The Defiant"

Polymarket continues to post new monthly highs for volume and users as election markets make up 87.6% of activity on the platform.

thedefiant.io/news/markets/polymarket-volume-and-users-at-new-high-with-election-markets-accounting-for-87

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