TON Network Overload: Delays in Transactions 🧐

🚀 Since the launch of the DOGS token withdrawal feature to non-exchange wallets, the TON network has been experiencing significant delays in transactions. Warnings about service disruptions have been posted in the interfaces of the Wallet crypto wallet, the STONfi trading platform, and other services.

🐶 DOGS has become the second major application on the TON blockchain to generate significant hype, following Notcoin.

👀 According to market participants, DOGS isn't just another memecoin. The project's creators aim to realize Pavel Durov's vision of integrating stickers into Telegram that can be exchanged and traded as NFTs.

With this concept's strong potential, DOGS could become a pioneer in this niche.

The three largest spot Bitcoin ETFs—BlackRock, Grayscale, and Fidelity—control 3.6% of the total Bitcoin supply. 🤔


Together, these ETFs hold 83% of all the Bitcoin managed by spot ETFs globally.

MakerDAO has rebranded to Sky 💫

As part of the rebranding, new tokens will be released on September 18:

▪️ USDS instead of DAI
▪️ SKY instead of MKR

DAI and MKR will remain in circulation, and the new tokens will coexist alongside them. Holders of the old tokens can exchange them for the new ones at a 1:1 ratio.

Vitalik Buterin Reveals His Salary from the Ethereum Foundation 💰

💲Ethereum's co-founder, Vitalik Buterin, earns an annual salary of 182,000 Singapore dollars ($140,000) from the Ethereum Foundation.

👀 He shared this detail in response to a follower's inquiry about his income, based on the Foundation's 2023 payment report.

This figure doesn't include Buterin's personal investments in crypto and other assets. His public wallet, vitalik.eth, alone holds nearly $1.5 million in assets. 🧐

In June, Arkham valued Buterin's personal net worth at $850 million, with his crypto portfolio growing by around $300 million since the start of 2024.

Binance Blocks Some Palestinian Customer Accounts

Ray Youssef, CEO of P2P marketplace NoOnes, has alleged that Binance confiscated all funds from Palestinian customers following a request from the Israel Defense Forces (IDF).

👀 Youssef refers to a document signed by an Israeli Ministry of Defense official, detailing the administrative seizure of a user's crypto wallets due to funds received from Dubai Exchange in Gaza, an entity labeled as a terrorist organization in Israel.

Youssef asserts that Binance has refused to return the assets, with all appeals being rejected. 💲🚫

However, journalist Colin Wu reports that Binance only blocked a small number of accounts connected to illicit funds.

The Socios platform demonstrated the practical utility of fan tokens by facilitating real-life interactions between football stars and their fans. ⭐️⚽️

🇰🇷 During a promotional tour in South Korea, Tottenham Hotspur, the English football club, gave fan token holders the chance to meet and engage with four of their star players, including South Korean icon Son Heung-min.

Coming soon to theaters.... 😂

TON broke down because of DOGS 🙀

Due to the huge number of transactions with $DOGS, the TON network stopped producing blocks. 🚫

TON was down for more than 7 hours.

📉 Bitcoin below $59k

👀 During the night, BTC dropped below $59k, and ETH fell below $2.4k. After a brief rebound, the price of Bitcoin is back to where it was—$58,400 at the moment.

In the past 24 hours, positions worth $322 million have been liquidated ($287 million in long positions and $35 million in short positions). 🧐

In 2017, French and UAE intelligence agencies hacked Pavel Durov's smartphone - Wall Street Journal

👀 The operation was launched due to "extreme concerns" that Telegram was being used for recruiting individuals into terrorist groups.

🍽🍷 A year later, Durov was already dining with the President of France. Despite this, various governments have continued to target him over the years. 🤔

Sony has rolled out the testnet for its new L2 blockchain, Soneium. 🚀

🧑‍💻 Developed by Sony Block Solutions Labs, a partnership between Singapore’s Startale Labs and Sony Group, Soneium is an EVM-compatible blockchain.

🔨 It leverages Ethereum’s base layer infrastructure and is built using the Optimism Foundation’s OP Stack and Superchain tools.

Co-founder of Sky (formerly MakerDAO) Rune Christensen has announced that the asset freezing feature will only be applied to the new stablecoin USDS.🚫🥶

DAI will continue to operate as before. 👀

There is no need to update your coins.

⚠️ Reuters: Today is crucial for Pavel Durov!

⚖️ On August 28, French judges will decide whether to release Pavel Durov or start an official investigation into the Telegram founder.

Updated details on the investigation will be provided this evening. ⏳

The probe is focused on "unnamed individuals" . The prosecutor’s office has not disclosed what crime Pavel Durov is suspected of.

👀 An official investigation doesn’t imply guilt and doesn’t necessarily lead to a trial; it might take years before reaching court.

If a formal investigation is initiated, Durov could be held in custody until the trial.

Pavel Durov's brother declared wanted in France – Politico

🗒 In March, French authorities issued arrest warrants for Telegram founder Pavel Durov and his brother, Nikolai Durov.

The reason: "near-total lack of cooperation" from Telegram with French and European regulators. 🧐

🥷 Nikolai Durov, a co-founder of Telegram, is rumored to have created the messaging encryption system and the TON blockchain.

TON reacted to news of Durov's release with an immediate 10% increase! 📈🚀

Update: Durov was released from custody, but preliminary interrogation and the presentation of charges are still ahead.

Yesterday, the TON network experienced another 4-hour outage 🛠

It seems that without Durov, TON just can't keep running... 🤔

This marks the second TON failure in just a few days.

The network issues are being linked to the strain caused by interactions with DOGS. 🐶

In the meantime, Pavel Durov has been released under judicial supervision in France. He’s required to pay a €5 million bail and is prohibited from leaving the country. 💰🇫🇷

Durov is facing accusations of enabling illegal transactions on Telegram and facilitating child exploitation. He’s also charged with failing to cooperate with the police and offering encryption services without proper oversight. 🧐

Pantera Capital Snags TON Tokens with a 40% Discount – Bloomberg

👀 New details have surfaced about Pantera Capital's record-breaking investment in Toncoin from May.

The TON tokens have a 1-year lock-up period. While the exact amount remains undisclosed, it's confirmed to exceed $100,000,000.💰🔐

In light of recent events involving Durov, a video filmed by a French prisoner from his own cell is going viral online. 📹

Turns out, life in a French prison isn’t all that bad after all! 😁