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Telegram CEO's post-jail confessional

GM citronauts. We're squeezing live from the crypto groves, where the memes are zesty, and the takes are extra pulpy.

💬 Pavel Durov released a statement, saying he was surprised he got arrested. Also, Telegram changed one part of its FAQ section regarding illegal content moderation.

🍊 News drops: ex-FTX exec was allegedly linked to a $150M bribe to Chinese officials, the world's first international treaty on AI is coming soon, Australia might see a spot ETH ETF by the end of this month + more


🍍 Market flavor today

Crypto Fear and Greed Index
Find out more about the Fear & Greed Index here.
Crypto Market Cap $2 Trillion -4.6% (24H)
Name Price 24H % 7D %
BTC Bitcoin BTC $55,217.84 -2.76% -6.50%
ETH Ethereum ETH $2,344.13 -2.07% -6.42%
BNB BNB BNB $498.27 -1.48% -6.79%
SOL Solana SOL $129.71 -3.16% -6.00%
Prices as of 10:32 AM EST. Click here to see live data.

The crypto market's got a serious case of the shivers, with the Fear and Greed Index plummeting to a frosty 22. We're deep in Extreme Fear territory now, folks, with top coins flashing red - it's so cold out there, even the bears are wearing scarves!

But here's where it gets interesting: the latest weekly US jobs data just dropped. Both initial and continuing jobless claims fell more than expected, indicating a stronger-than-anticipated job market. A healthy job market typically means the Fed's less likely to cut interest rates significantly, which isn't the economic cooldown crypto investors were hoping for - potentially prolonging our crypto winter. 🥶


💬 Guess who's back

Nearly two weeks ago, the French authorities arrested Telegram’s founder and CEO, Pavel Durov, as part of an investigation into sketchy stuff happening on the platform. He was interrogated for 96 hours, went to court, was hit with multiple criminal charges and released on $5M bail (yet still can’t leave France).

And now, ladies and gents, he also broke his silence. The key takeaway from his statementThe man’s surprised he got arrested for a few reasons:

1. Telegram has an official representative in the EU, y not contact them?
2. Durov often visits the French consulate in Dubai, y not contact him first?
3. The crimes were committed by third parties on Telegram, y charge the CEO?

He also doubled down on Telegram’s commitment to free speech, saying they’re ready to say goodbye to countries that clash with such values. Case in point: Telegram got banned in Iran for refusing to shut down peaceful protest channels.

However, he pointed out that allowing free speech doesn’t mean Telegram is some Wild West. The platform takes down millions of harmful posts and channels daily and drops transparency reports to keep things in check.

Still, Durov admitted Telegram’s quick growth has made it easier for outlaws to ride through and abuse the app. But he promised to fix it and, in fact, is already on it.

Telegram has quietly updated its FAQ on illegal content moderation.

The response that used to look like this:

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Now looks like this:

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Basically, when it comes to illegal content, Telegram now emphasizes the platform’s “report feature” instead of privacy.

But don’t worry, partner 🤠—your chats are still safe. That privacy statement still appears in a section about copyright infringement.


📰 News drops

💸 Ex-FTX executive Ryan Salame was allegedly linked to a $150M bribe to Chinese officials. This scheme was arranged in an attempt to unfreeze FTX and Alameda Research assets frozen by Chinese exchanges.

🤖 The US, the EU, and the UK are expected to sign the world’s first international treaty on AI. The treaty will mainly focus on protecting the human rights of people affected by AI systems.

🦘 Monochrome Asset Management has filed for a spot Ether exchange-traded fund (ETF) in Australia. The company expects to have it listed by the end of this month.

🏗️ The Celestia blockchain has announced its aim of scaling to 1 GB blocks. Celestia says this will allow developers to “build whatever.”

⛔️ Binance CEO Richard Teng said that co-founder and former CEO Changpeng Zhao, now imprisoned, is banned for life from managing the exchange. However, he will still have a powerful say in the company as its majority shareholder.

🚀 Bybit has launched bbSOL, the world's first exchange-backed liquid staking token for Solana. This token serves as a receipt for users to later redeem SOL and earned rewards.

🥥 Ripple co-founder Chris Larsen is among 88 corporate executives who support Kamala Harris. “The best way to support the continued strength, security, and reliability of our democracy and economy” is by electing Harris president, the executives said in a letter.


🤓 Knowledge juice

Explore Ledger with BitDegree's latest Mission "Keep Your Crypto Safe With Ledger":

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Source: @BitDegree

🍌 Juicy memes

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Source: @naiivememe
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Source: @wallstreetbets

Gode S. , Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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