TON Drops 17% After Pavel Durov’s “Not Political” Arrest, Stablecoin Market Cap Rises To ATH, & Polymarket Predicts Durov's Release By October!

GM anon ☕🐺

In today’s Alpha Bytes👇

French President Macron said that the arrest of Telegram CEO Pavel Durov did not involve any political motives. Justin Sun pledges $1M to DAO supporting Telegram’s Pavel Durov. Stablecoin market cap hits new all-time high of $168B, beating early 2022 record. Polymarket bettors predict Pavel Durov could be free by October while Vitalik Buterin praises Polymarket as platform smashes growth records.

BTC $62, 842 (-1.24%), ETH $2, 687 (-1.76%), SOL $157.68 (-0.88%)

Crypto News 📰 

• MakerDAO is now 'Sky' as $7B crypto lender rolls out new stablecoin, governance token

• Bitcoin sees $543M in inflows after Powell’s dovish remarks

• Ethereum trading volume and transaction count decline in August

• Spot Bitcoin ETFs see eighth day of inflows, led by BlackRock’s $224M

• Trump family crypto project warns of 'Scams and Fake Tokens' as it preps 'World Liberty Financial' launch

• U.S. SEC charges two brothers in $60M ponzi scam using a crypto platform

• Tokenized Treasury Funds pass $2B market cap amid BlackRock’s explosive growth

• Digital asset investment products saw inflows totaling $533M last week, the largest inflow in five weeks

• PYUSD hits $1B milestone with the majority of its supply on Solana

• Toncoin price could hit ATH as TON whales speculate Pavel Durov’s prison release

• Donald Trump reveals key cabinet role for Elon Musk under his presidency

• Upstart 'Degenerate' crypto-culture publication bets on print

• UAE monitors arrest of Telegram CEO Durov as French Detention sparks global outrage

• Polygon Discord compromise hits Avalanche, ZKsync hours later

• SEC charges Abra with unregistered sale of crypto asset securities in Abra Earn

• US government disputes ex-FTX exec Ryan Salame’s bid to undo guilty plea

• Nasdaq-listed Semler Scientific boosts Bitcoin holdings above 1000 BTC to become top 20 holder

• AI tokens lead crypto market ahead of Nvidia earnings, Bitcoin under $64k

• Solana daily transaction fees drop to multi-month low as memecoin hype cools

• Base hits 1M daily active addresses as Basenames takes off

• Tron jumps into top 10 on memecoin hype as Telegram-linked TON falls

• Esports Team complexity to build Fan app on Sonic in sponsorship deal

• Crypto Bettors still have $6M riding on whether RFK Jr. officially 'Dropped Out'

• Aave Labs unveils plan to stabilize GHO with BlackRock’s BUIDL shares

• TD Cowen urges realistic expectations for crypto legislation passage

• Vitalik faces backlash for downplaying DeFi’s role in Ethereum’s growth

• Telegram CEO’s arrest tied to cybercrime investigation of unauthorized ‘cryptology’ services, say French authorities

• Binance Labs says new AI investments will support wave of AI-powered DApps

• Detained Binance exec in Nigeria can no longer walk, family says

• India's CBDC has 5M users, can be phased in gradually: Central Bank Governor

• AI might help you avoid getting rekt on Coinbase the next time Bitcoin crashes

• ADA price risks 10% drop amid $74M controversial proposal

• OORT teams up with US NSF to advance decentralized AI, autonomous vehicle safety

• Hong Kong regulator finds 'Unsatisfactory Practices' at some crypto entities seeking full license: Report

• Crypto Startup backed by likes of Dragonfly aims to create market to trade airdrop-related points

• Russia to officially use cryptocurrency for trade settlements next week

• Telegram is under investigation in India

Airdrops🪂 

• @OrderlyNetwork $ORDER Staking & Claims are Now LIVE!

Project Updates 🔥 

• @MorphoLabs starts discussion about token transferability

• @CowSwap Wintermute LP partnership proposal passed

• @avax - The official Avalanche Discord has been compromised

• @_buildpsace shuts down

• @nucleusearn - Introducing Nucleus: Enabling Yield by Default for Networks

• @inspectxyz - Inspect Tokenomics 2.0

• @TanssiNetwork is expanding to Ethereum in collaboration with @symbioticfi

• @zellic_io acquired code4rena

• @Karak_Network - Introducing Hyperbolic: the AI Coprocessor for Karak

• @JupiterExchange launches Jupiter Lock

• @PolynomialFi Introducing Trade 2.0

• @zachobront - Introducing OP Succinct 

• @stevenshi_ - 51 L2s built on the OP stack alone

• @0xRodo - Anonymously funded wallet sweeps 3 XCOPY pieces

• @0xDamien - $FWOG pumping

• @zackvoell - ETHBTC is literally going to zero

• @MacnBTC - $CAT ATH ($1B is just a matter of time)

Threads 🧵 

• Why did Polymarket succeed - @belizardd

• Hyperliquid: Innovating On-Chain Perpetual Trading - @FlossyP911

• Understand product-market fit (PMF) in 2 mins - @poopmandefi

• 2024-2025 Crypto Cycle Theory - @FlossyP911

• What to Know About DOGS Meme Coin Ahead of Major Exchanges Listing 

Launches 🚀 

• @BubblyFinance is NOW LIVE on MAINNET 

• @realDogsHouse DOGS TGE

Fundraise 💰

• @chainbound_ (Blockchain Infrastructure) raises $4.6M Seed led by @cyberFund_

• @origami_fi (DeFi) raises $1.5M Seed 

• @aiwayworld (Blockchain Service) - TBD investment from @waterdripfund

Videos 🎥

• Crypto's Dirtiest Secret: Millionaires Exposed!

• Is This the End for Ethereum?

• This HUGE MISTAKE Could Cost You Everything in Crypto Today

That's a wrap for today!

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