Telegram Founder and CEO Durov Arrested at French Airport by France's National Anti-Fraud Office | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Coinbase enables sending and receiving support for EURC on Solana.
• Gate.io announces official sleeve partnership with Inter.
• WazirX announces that it will allow INR balance withdrawals from its platform starting August 26, while cryptocurrency balances remain unavailable for withdrawal. Previously, WazirX lost over $230 million in a hacking incident in July.

2. Cryptocurrency Trends:

• Telegram founder and CEO Durov is arrested at a French airport by France's National Anti-Fraud Office, leading to a significant drop in TON’s price, though a rebound follows. The DOGS community and Elon Musk express solidarity with Durov. DWF founder and Zhu Su, among others, state that they have bought TON in support.
• TON changes its logo on CoinGecko and social media to Resistance Dog. This movement may have contributed to Resistance Dog (REDO) surging past $0.60 in a short period and rising over 60% in 24 hours.
• Bitcoin holdings in Mt. Gox wallet decrease by approximately 77%: Since the beginning of 2021, the Mt. Gox wallet has held 141,690 BTC, but it now holds 32,900 BTC.
• The total assets under management of the Hong Kong Bitcoin ETF exceed 2 billion Hong Kong dollars, with OSL's partners accounting for over 63%.
• Fetch.ai launches innovation lab in San Francisco to propel AI advancements, with $10M in annual funding pledged.
• The supply of USDe, a stablecoin issued by Ethena Labs, falls below 3 billion.

3. Financing Trends:

4. Regulatory Trends:

• A US court denies Kraken's motion to dismiss an SEC lawsuit, alleging it operates an unregistered securities exchange.