Pavel Durov, the founder and CEO of Telegram, has been detained by authorities in France. The detention is related to a search warrant alleging violations of the encrypted messaging platform.

French media, together with Le Monde, reported that Durov was arrested upon arriving from Azerbaijan in his personal jet at Le Bourget airport, located north of Paris. Le Monde’s report, referencing sources conversant in the matter, confirmed Durov’s arrest. 

Bloomberg additionally highlighted a Telegram put up by Maria Zakharova, a Russian Overseas Ministry spokesman who verified the arrest, including additional validity to the story concerning the occasion.

Telegram CEO Beneath Investigation By French Authorities

French authorities have launched a preliminary investigation into Telegram, the favored messaging platform, with L’Workplace Mineurs (OFMIN), the company answerable for monitoring crimes towards minors, issuing a search warrant. 

AFP claims that the probe covers a spectrum of claimed misdeeds, together with fraud, drug trafficking, cyberbullying, and arranged crime exercise enabled by the location. The examination outcomes from worries about Telegram’s insufficient content material management strategies.

Workplace of Monetary Market Integrity (OFMIN) is main the inquiry towards Durov. Based on reviews, Durov was supposed to seem in court docket on Aug. 25. Given the gravity of the fees dedicated, accusations towards him would possibly lead to a 20-year jail sentence.

The Affect On TON

Third-party blockchain system TON, built-in with Telegram, continues to function as typical regardless of Durov’s authorized objections. A current touch upon TON’s official X account verified the protocol’s stability and underlined the encouraging response of its group beneath the present circumstances. Telegram has but to say the founder’s detention. 

The platform added: “As a group dedicated to freedom of speech and decentralization, we stand firmly by Pavel throughout this difficult time. Pavel has been a devoted advocate for these values, and we consider his efforts to advertise an open and decentralized web will proceed to encourage tens of millions.”

The Telegram-linked TON token skilled a pointy decline of as much as 17% following reviews of Durov’s arrest in France. As of the most recent replace, TON is buying and selling barely above $5.72, marking a 15% drop in just some hours.

Group Response On Telegram CEO’s Arrest

On Aug. 24, Tesla CEO and X platform proprietor Elon Musk voiced his help for Durov by posting a previous interview between Durov and impartial journalist Tucker Carlson on his social media, accompanied by the hashtag #FreePavel.

In a current video assertion, Durov praised Musk’s acquisition of Twitter, describing it as a useful transfer for technological development and the promotion of free speech.

Ethereum co-founder Vitalik Buterin answered an X put up by American entrepreneur and investor Balaji Srinivasan, addressing the problem additional. Whereas Buterin has publicly criticized Telegram’s encryption insurance policies prior to now, he voiced grave worries concerning the newest accusations towards the location. 

He underlined doable future penalties for the liberty of software program and communication in Europe and outlined the primary parts as “very dangerous and worrying.” Because the narrative began to take flight on social media, with Telegram trending on platform X, a number of eminent folks offered their evaluation. 

Amongst them, Robert Kennedy Jr., the American politician who suspended his presidential marketing campaign in August 2024, emphasised that Durov’s arrest underscored the important significance of safeguarding platforms devoted to free speech and privateness.

Featured picture from DALL-E, Chart from TradingView

The SuperRare worth surged over 30% within the final 24 hours to commerce at $0.2684 as of 6:55 a.m. EST as traders accumulate the meme coin at a fast tempo.

With this sturdy 24-hour efficiency, the RARE worth added to a powerful weekly acquire that now stands at 228%.

The SuperRare Worth Making an attempt To Flip Resistance Into Help

4-hour chart for RARE/USD (Supply: GeckoTerminal)

The SuperRare worth is buying and selling in an ascending worth channel after it printed a collection of upper highs and better lows on the 4-hour chart over the previous 24 hours.

Now, the crypto is making an attempt to flip the resistance degree at $0.2718 into assist. Closing a 4-hour candle above this threshold may give the crypto the technical basis wanted to rise to the following mark at $0.3458.

This bullish thesis is perhaps invalidated if the SuperRare worth is rejected by the $0.2718 resistance degree. On this various situation, RARE may take a look at the rapid assist degree at $0.1979.

Falling under this key worth level would possibly then result in the altcoin’s worth falling to as little as $0.1371 within the quick time period.

The SuperRare Worth On The Verge Of Triggering A Bullish Flag

A serious bullish technical flag is on the verge of being triggered by the Transferring Common Convergence Divergence (MACD) indicator on the 4-hour chart. All through the previous 24 hours, the MACD line has risen in the direction of the MACD Sign line. 

The MACD line is now making an attempt to cross above the MACD Sign line. Ought to this intersection occur, it may point out that the SuperRare worth has entered a short-term optimistic pattern.

In the meantime, buying and selling exercise across the coin has subsided all through the previous 24 hours. That is evident by the shrinking margin between the higher and decrease bands of the Bollinger Bands indicator.

If the 2 bands proceed to converge, it may result in a worth squeeze. RARE may subsequently escape or break down.

The SuperRare worth can also be approaching the higher restrict of the aforementioned optimistic worth channel, which is confluent with the higher band of the Bollinger Bands indicator on the 4-hour chart in addition to the $0.2458 resistance degree.

All of those collectively may act as a robust technical barrier that traders and merchants will need to regulate.

Whereas the SuperRare worth approaches a significant resistance degree, the Pepe Unchained (PEPU) presale is accelerating towards $10 million after elevating $700k within the final 4 days.

Taking PEPE To A A lot Increased Stage

Pepe Unchained (PEPU) is on a mission to raise the favored Pepe meme coin to the following degree.

Up till now, the frog-themed token has been unable to achieve its full potential because of the restricted scalability of the congested Ethereum community, which is the chain Pepe is presently hosted on.

To free Pepe from Ethereum’s shackles, Pepe Unchained will launch its personal layer-2 community.

It will take the meme coin’s transaction processing off of the Ethereum mainnet, giving traders and token holders a meme coin that’s 100 instances sooner and less expensive to ship and obtain. All of this will likely be consolidated into the brand new PEPU token.

Regardless of being by itself chain, traders are nonetheless in a position to seamlessly shift their worth between the Ethereum and Pepe Unchained community due to cutting-edge bridging expertise.

This unlocks the twin good thing about Ethereum’s strong safety and Pepe Unchained’s lightning-quick speeds, giving token holders entry to an unprecedented transaction expertise.

With all of the challenge has to supply, it’s straightforward to see why YouTuber Austin Hilton advised his 273,000 subscribers that he’s bullish on Pepe Unchained.

Buyers Rush To Get PEPU At ICO Costs

Pepe Unchained has raised greater than $9.7 million via its ICO up to now, and is on monitor to surpass the $10 million mark quickly.

One other potential purpose for this investor frenzy at this early stage might be the 203% Annual Proportion Yield (APY) on supply.

Anybody who purchases and stakes PEPU throughout its ongoing presale can acquire entry to those rewards.

Step one is to accumulate the token by way of the easy purchase widget embedded on the challenge’s web site.

Promoting for $0.0091996, the meme coin might be bought utilizing both ETH, USDT, BNB or financial institution card.

As soon as bought, the tokens will must be locked up by way of the staking web page to get in on the 203% APY.

Buyers will need to hurry in the event that they need to get one of the best deal as a result of PEPU’s worth is scheduled to extend in lower than 23 hours. Its worth may also improve with every subsequent stage of the presale.

Buy and stake PEPU right here for the 203% APY earlier than its worth will increase.

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The cryptocurrency market skilled a important rally final week, offering a much-needed enhance for a lot of short-term speculators to show earnings. Bitcoin led the cost, surpassing the $64,790 mark, although the momentum appeared to have eased by the point of writing.

This surge was mirrored throughout the altcoin panorama, with a number of cryptocurrencies, together with TRON, Avalanche (AVAX), and Chainlink (LINK), recording spectacular beneficial properties starting from 20% to 30% inside simply seven days.

Regardless of these beneficial properties amongst widespread altcoins, Bitcoin continues to exert dominance over the complete market.

Bitcoin Will increase Dominance: What Does It Imply For Altcoins?

The altcoin season has but to construct up steam for the reason that starting of the 12 months as Bitcoin continues to obtain the lion’s share of investor consideration. That is clearly mirrored within the Altcoin Season Index, which at the moment registers a studying of twenty-two and tipping the size in favor of Bitcoin. The size additionally reads a 29 on the Altcoin Month-to-month Index, additionally in favor of Bitcoin.

Basically, the index works by analyzing the efficiency of assorted altcoins towards Bitcoin. If 75% of the highest 50 altcoins carried out higher than Bitcoin up to now 90 days, it’s altcoin season. If 75% of the highest 50 altcoins carried out higher than Bitcoin up to now 90 days, it’s deemed an altcoin month. Apparently, the final official altcoin season occurred in the course of the 2021 bull run. 

In accordance with the chart under, the final time market dominance nearly tipped in favor of altcoins was in January 2024, when it climbed above 75 for just a few days. These days, the size largely ranges round 20 to 30, pushing the altcoin season additional out of attain. The truth is, the index even dipped as little as 12 on July 30, additional highlighting the continued dominance of Bitcoin.

Supporting this Bitcoin dominance development is the value knowledge from CoinMarketCap, On the time of writing, Bitcoin is buying and selling at $63,850 with a market cap of $1.26 trillion. This represents a 6.92% improve within the final seven days. As such, 56.3% of the complete crypto market worth is at the moment sitting in Bitcoin.

What’s The Efficiency Outlook For Altcoins?

On account of Bitcoin’s dominance, many altcoins now are likely to mirror its efficiency. Nonetheless, there are durations of exceptions the place some altcoins expertise notable rallies independently. On the time of writing, Ethereum instructions the biggest share of the altcoin market cap with $314.2 billion. Different altcoins collectively maintain a market cap of $438.48 billion, whereas stablecoins have a market cap of $161.97 billion. 

Essentially the most spectacular beneficial properties at the moment go to Solar Token, a stablecoin swap token primarily based on TRON, which has gained 305% in seven days. Memecoins Dogwifhat (WIF) and POPCAT have additionally gained 32.7% and 76%, respectively, in the identical timeframe.

Undoubtedly, altcoins will proceed to see various levels of efficiency primarily based on their particular person utility and market adoption. 

Featured picture from Pexels, chart from TradingView

The Black Delusion Wukong worth skyrocketed 56,000% within the final 24 hours to commerce at $0.0800 as of 03:31 a.m. EST on buying and selling quantity of $5.2 million.

The Black Delusion Wukong cryptocurrency emerged from the immense recognition and hype surrounding the sport Black Delusion: Wukong.

The sport, at the moment boasting 1,494,045 reside gamers on Steam, reached an all-time peak of two,223,179 concurrent gamers on August 20, 2024.

Black Delusion Wukong Value Might Proceed Surging

The Black Delusion Wukong worth soared after launch by a markup section, because the bulls capitalized on the hype surrounding a brand new token launch.

Nonetheless, the value of Black Delusion Wukong encountered some resistance round $0.10, which resulted within the worth correcting again to the $0.016 assist stage. The WUKONG worth then rebounded, forming a rounding backside sample.

The value of Black Delusion Wukong now trades above the 50-day Easy Transferring Common (SMA), confirming the bullish prospects of the token.

Furthermore, the Relative Energy Index (RSI) is rebounding from the oversold stage, hovering above the 50-midline stage, at the moment at 61.

If the shopping for strain continues, the WUKONG worth may soar, because the bulls goal $0.15.

Nonetheless, with the current surge, the Black Delusion Wukong worth may endure a correction throughout the day, because the buyers begin to guide income. On this state of affairs, WUKONG may plunge again to the $0.050 assist zone, coinciding with the 50-day SMA.

Because the WUKONG worth bulls try to maintain its rally, the DOGE-derivative presale PlayDoge (PLAY) has rocketed previous $6.1 million because it provides buyers a final likelihood to purchase. 

PlayDoge Meme Coin Raises Over $6.1 Million – Final Likelihood To Purchase

PlayDoge is now charging into the ultimate 5 days of its presale with its new play-to-earn (P2E) recreation able to launch.

The venture introduced that its presale would conclude on August 26 at 10 am UTC, owing to recreation improvement progressing sooner than initially anticipated. 

PlayDoge is a mobile-based play-to-earn (P2E) recreation that transforms the DOGE meme right into a Tamagotchi-style digital pet, which permits customers to earn $PLAY tokens.

PlayDoge’s soon-to-launch cellular recreation permits gamers to work together with a digital Shiba Inu pet, impressed by the 90s basic recreation Tamagotchi.

In addition to the enjoyable of the sport, gamers can earn rewards by its native token, $PLAY, by taking excellent care of their pets.

Aside from incomes by P2E, token holders also can earn passively by staking $PLAY for a powerful 74% annual share yield (APY).

In accordance with crypto analyst and YouTuber Jacob Bury, $PLAY may probably surge 10X after its launch.

You should buy $PLAY tokens for $0.00531 every. With the presale ending in lower than 5 days, purchase now earlier than it’s too late.

To hitch the presale, purchase $PLAY from the official web site right here utilizing BNB, USDT, or a financial institution card.

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The Sundog value soared 61% within the final 24 hours to commerce at $0.2564 as of 5.10 a.m. EST on buying and selling quantity that surged 20% to $66.6 million.

Prior to now 4 days, the token has skyrocketed 295%, hitting an ATH when it climbed to $0.2706.

Because the Tron community’s first meme coin, Sundog has attracted large quantities of consideration and capital.

The mission’s neighborhood has been extraordinarily excited and supportive, with many demonstrating a constructive outlook on the token’s worth within the brief and long run.

All the joy has enabled SUNDOG to surge whilst nearly all of the market trades within the crimson.

The bullish outlook even allowed TRON’s native cryptocurrency, TRX, to re-enter the listing of the highest 10 largest cryptos by market cap.

Prior to now 24 hours, the coin has been placing an increasing number of distance between its personal market cap and that of Cardano, the previous tenth largest coin, which has slipped to the eleventh spot — all due to Sundog and the eye it dropped at the TRON community.

Sundog Worth Prediction

The Sundog value has seen a serious surge within the final day, however its value seemingly encountered robust resistance at $0.28. This barrier stopped the token’s development and brought on a slight correction as of the time of writing.

Now, technical indicators equivalent to Bollinger bands counsel that the token could be part of the remainder of the market and fall underneath the affect of a bearish wave.

The bands have began narrowing, solely barely in the interim, however the value is not caught to the higher band. As an alternative, it’s presently within the center, between the 2, which remains to be not a particularly bearish signal, nevertheless it means that the hype could also be over.

This conclusion is backed by the token’s Relative Energy Index (RSI) worth, which additionally dropped from the overbought space and is presently approaching the impartial zone.

This implies that the consumers have began promoting the accrued tokens, more likely to take revenue whereas the value is excessive, and keep away from struggling losses by holding on to the token whose value is about to spiral down.

Sundog might nonetheless see a brand new surge, after all, particularly if the merchants transfer in to purchase the dip. Nevertheless, on condition that the general market sentiment is presently bearish, it’s extra seemingly that the token’s value will fall in step with the remainder of them, somewhat than see a rally of its personal.

Promising Options to Sundog

Whereas Sundog has been a superb alternative for early traders, its current struggles could also be a sign that the mission has reached its restrict in the interim.

Nevertheless, this isn’t the one alternative value contemplating now. One other meme coin that’s attracting consideration is a lately launched ICO often known as The Meme Video games (MGMES).

It went stay shortly earlier than the beginning of the 2024 Olympics. Generally known as the Olympic token, the mission shouldn’t be particularly devoted to this yr’s Olympic Video games, however somewhat, to its personal model of the traditional occasion.

Merely put, The Meme Video games introduces its personal meme Olympics, the place 5 main meme coin entities — Dogecoin, Brett, Pepe, Dogwifhat, and Turbo — are the competing athletes.

Customers who be part of the ICO get to pick which of the 5 they want to again, and if their chosen athlete wins one of many disciplines, they get a reward for choosing the winner that quantities to 25% of their authentic token buy.

Customers can even change which athlete they assist by rejoining the ICO and shopping for extra of the MGMES tokens.

Crypto YouTuber ClayBro, with greater than 130k subscribers, lately speculated that it may very well be a 100x gem.

The ICO has raised over $376k and sells for $0.0093. It may be purchased with ETH, BNB, USDT, or credit score/debit playing cards.

Remember the fact that the MGMES token will see a value improve in underneath 4 days, and its ICO will finish on September 10. Time to speculate is working out.

Go to MGMES on the official web site right here.

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