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DOJ's acting head signals a shift in stance, suggesting charges like those in the Roman Storm case won’t be pursued in the future for decentralized software developers.
Share link:In this post: Asian markets stayed mixed as investors await signals on US interest rates, while EU stocks slipped. Oil prices rose for a second straight day after US crude stockpiles fell sharply and gasoline supplies kept dropping. Brent crude stayed above $67 a barrel but remains down over 10% this year with oversupply fears lingering.
Share link:In this post: The US and European Union have finalized a trade deal, easing tariff tensions and securing new commitments on industrial and agricultural goods. Washington agrees to lower auto tariffs to 15% once Brussels enacts reductions, while Europe pledges $750B in US energy purchases. The pact also covers digital trade, climate rules, and sustainability regulations, aiming to prevent barriers for transatlantic businesses.
Asia’s wealthiest families boost crypto exposure as regulation improves, shifting from ETFs to direct tokens for stronger, diversified portfolios.
- 00:07A Bitcoin bull was liquidated at $109,892, incurring a loss of $12.49 million, possibly due to a seven-year dormant ancient whale selling BTC to switch to ETHAccording to Jinse Finance, on-chain analyst Ai Yi (@ai_9684xtpa) has monitored that a certain Bitcoin bull was liquidated at $109,892, incurring a loss of $12.49 million. Yesterday’s sharp BTC wick downward caused significant losses for long positions, with total liquidations across the network reaching $628 million in the past 24 hours and over 130,000 traders being liquidated. As for the reason, many analysts speculate that it may be due to an ancient BTC whale, dormant for seven years, who recently made a high-profile switch to ETH and sold off their BTC holdings. Currently, this whale still holds 67,118 BTC ($7.62 billion) on-chain.
- 00:07Telegram Founder Pavel Durov: Still Required to Return to France Every Two Weeks a Year After Arrest by French Police, No Appeal Date Set for the CaseAccording to ChainCatcher, Pavel Durov tweeted, "A year ago, I was detained by French police for four days simply because some people I had never heard of used Telegram to coordinate criminal activities. Arresting the CEO of a major platform for the actions of its users is not only unprecedented, but also utterly absurd both legally and logically. A year has passed, and the 'criminal investigation' against me is still struggling to find any evidence of wrongdoing by myself or Telegram. Our content moderation practices are in line with industry standards, and Telegram has always responded to all legally binding requests from France. Ironically, my arrest was actually due to a mistake by the French police themselves: before August 2024, they ignored both French and EU laws and never sent any inquiries to Telegram through the prescribed legal channels. A year after this bizarre arrest, I still have to return to France every 14 days, yet there is still no appeal date. So far, the only result of my arrest has been the severe damage to France's image as a free country. One thing is certain: we will continue to fight—and we will win."
- 2025/08/24 23:52Willy Woo: The Slow Rise of Bitcoin This Cycle Is Due to Selling Pressure from Ancient Whales, Market Needs to Absorb Tokens with 10,000x ReturnsAccording to ChainCatcher, crypto analyst Willy Woo tweeted, "Why is Bitcoin rising so slowly in this cycle? The majority of Bitcoin's supply is concentrated in the hands of ancient whales, who reached their peak holdings around 2011. At that time, the purchase price of Bitcoin was $10 or even lower. Now, for every 1 BTC they sell, the market needs over $110,000 in new capital to absorb it. This difference in cost basis, the amount of supply they hold, and the speed at which they sell all have a profound impact on how much new capital is required to drive prices higher. You can think of this as Bitcoin going through growing pains, which will continue until these investors—who have already made 10,000-fold returns—are fully absorbed by the market."
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MoreA Bitcoin bull was liquidated at $109,892, incurring a loss of $12.49 million, possibly due to a seven-year dormant ancient whale selling BTC to switch to ETH
Telegram Founder Pavel Durov: Still Required to Return to France Every Two Weeks a Year After Arrest by French Police, No Appeal Date Set for the Case