🌙 Telegram CEO Charged and Released

French prosecutors have indicted Telegram CEO Pavel Durov, preventing him from leaving the country and requiring 5 million euros in bail.

Author

Mike Gavela
August 29, 2024

Crypto Roundup - August 29

Telegram's CEO, Pavel Durov, is embroiled in a legal battle in France as a court orders him to provide information about the use of the messaging app by illicit actors, reflecting ongoing concerns about the platform's security and regulatory compliance. Meanwhile, Aerodrome, a decentralized exchange (DEX), has emerged as the top revenue generator in 2024, surpassing other major DEXs and highlighting the growing influence of decentralized finance (DeFi) in the market. Additionally, the Ethereum Foundation faces scrutiny over its treasury management, raising questions about the sustainability and transparency of its financial strategies.

Top Stories

  • Telegram's CEO, Pavel Durov, is ordered by a French court to provide information on illicit activities using the app.

  • Aerodrome tops the 2024 DEX revenue rankings, underscoring its dominance in the DeFi space.

  • Ethereum Foundation's treasury management raises concerns, prompting discussions about its financial transparency.

SPONSORED BY

TOP STORIES

Telegram CEO Pavel Durov charged and released, barred from leaving France

French prosecutors have indicted Telegram CEO Pavel Durov, preventing him from leaving the country and requiring 5 million euros in bail.

cointelegraph.com/news/telegram-ceo-pavel-durov-france-court

Aerodrome Tops 2024 DEX Revenue Rankings - "The Defiant"

Fueled by token incentives, the decentralized exchange on Base has raked in more than double Uniswap’s revenue this year.

thedefiant.io/news/defi/aerodrome-tops-2024-dex-revenue-rankings

Ethereum Foundation under fire for lack of transparency in treasury management

Aya Miyaguchi, executive director of the EF, emphasized that the transfer was routine treasury management and not indicative of a sale.

blockworks.co/news/ethereum-foundation-treasury-management-concerns

FUNDRAISING

OTHER HEADLINES

From DeFi Land to the OpenSea: SEC Threatens the Entire Crypto World - Decrypt

Led by Gary Gensler, the SEC's approach to regulating crypto via enforcement actions is rapidly touching all corners of the industry.

decrypt.co/247069/from-defi-land-opensea-sec-threatens-entire-crypto-world

Ex-FTX exec scraps vacating guilty plea, refers matter to partner’s case

In the Southern District of New York, Ryan Salame has withdrawn a petition to vacate his September 2023 guilty plea, saying his partner may raise the matter in her criminal case.

cointelegraph.com/news/ftx-ryan-salame-withdraws-motion-guilty-plea-michelle-bond-case?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Ex-FTX exec scraps vacating guilty plea, refers matter to partner’s case

In the Southern District of New York, Ryan Salame has withdrawn a petition to vacate his September 2023 guilty plea, saying his partner may raise the matter in her criminal case.

cointelegraph.com/news/ftx-ryan-salame-withdraws-motion-guilty-plea-michelle-bond-case

CRYPTO TWITTER (X)

SHARE!

Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 75,000 investors and crypto degenerates who read Midas Crypto daily!