🌶️ Pavel Durov has been arrested in France

You probably have already heard it (of course you did or you live under the rock), but Pavel Durov, the founder of the famous messaging app Telegram, has been arrested in France. It sparked many different events such as the $TON price going down, hackers attacking gov websites, etc. Well, it’s going to be insanely interesting to see how it will end and what other consequences we’re going to feel.

In other news, we ranged the whole weekend with only $popcat being a solid gainer. However, the thesis remains bullish!

What else you are going to find in today’s edition:

• The effect of Pavel Durov's arrest (many news related to that)

• Orderly claim & staking is live

• Jerome Powel ignites more inflows of ETFs

• and more…

📰 Crypto & Finance News

• The SEC's lawsuit against the Kraken cryptocurrency exchange will continue to trial.

• Hackers attack French government websites in response to P. Durov's arrest.

• The 12 counts of criminal charges to Pavel Durov revealed.

• The SEC filed a charge against Abra for the unregistered sale of crypto asset securities through its Abra Earn program.

🪂 Airdrops & Opportunities

• Orderly Network claims and staking is live. Check your allocation finally.

• Gabbriette at Ludovic De Saint Sernin Fall 2024 mint is live on Zora.

• Is Zora's airdrop coming out soon? Here is a great farming thread by @heycape_.

• Participate in Shaga’s Intract campaign.

🤡 Degen Section

• Wifey Station mint is coming on the 28th of August. Only 208 NFTs on Solana. It should have been in the Opportunities section, but I think it belongs here better.

• Users can bet (of course on Polymarket) if Pavel Durov is going to be released in August. Currently, there is only a 31% chance (according to the bettors).

🔒 Security

• Scammer transfers $2.7 million after the previous 55 million DAI phishing attack.

• The concerns of Telegram safety and end-to-end encryption arise. Are the users really safe?

🦁 Alpha & Insights

• Check your Onchain score. Brian Amstrong got 83/100. You?

•  Pyth Network posts teasing tweet. Does it mean Round 2 of an airdrop? Any ideas?

📈 Other Metrics & Numbers

• Bitcoin ETFs recorded $252 million of inflows on Friday alone. It’s considered that Jerome Powel fired up this activity after he said “The time has come for policy to adjust”.

• Toncoin ($ton) lost more than 22% of its value after the Telegram founder’s arrest. And deeper analysis here.

😶‍🌫️ To Cheer You Up

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Disclaimer: The content of this newsletter is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and can involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The opinions and information provided here are not a guarantee of future performance and should be considered carefully in the context of your personal financial situation.