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Telegram Founder Pavel Durov Slams France Over “Absurd” Criminal Probe as TON Token Struggles
Telegram Founder Pavel Durov Slams France Over “Absurd” Criminal Probe as TON Token Struggles

Telegram founder Pavel Durov has lashed out at French authorities, accusing them of pursuing a baseless criminal investigation that has dragged on for more than a year and left him tethered to legal obligations in Paris.

DeFi Planet·2025/08/25 13:30
Galaxy Digital, Jump Trading, Multicoin Capital in Talks for $1B Solana Token Purchase
Galaxy Digital, Jump Trading, Multicoin Capital in Talks for $1B Solana Token Purchase

Galaxy Digital, Jump Trading, and Multicoin Capital are reportedly in discussions to raise $1 billion for the purchase of Solana’s SOL tokens, according to Bloomberg.

DeFi Planet·2025/08/25 13:30
Flash
  • 10:10
    Data: The whale who previously lost $3.3 million going long on ETH has re-entered the market, opening a $17.4 million ETH long position.
    According to ChainCatcher, monitored by Lookonchain, the whale address 0x76AB, after losing $33 million from longing ETH, has re-entered the market—opening an 8x leveraged long position with 5,524 ETH (worth $17.4 million).
  • 10:09
    Data: "Machi" has continuously added 300 ETH long positions in the past 3 hours, with the position value rising to $11.82 million
    According to ChainCatcher, monitored by HyperInsight, "Maji" has continuously increased their position by 300 ETH long orders in the past 3 hours. As of press time, their 25x leveraged Ethereum long position has risen to $11.82 million, with a total position of 3,750 ETH.
  • 10:05
    Do Kwon may still face a second trial in South Korea after being sentenced to 15 years in the US
    Jinse Finance reported, citing Cryptonews, that Terraform Labs co-founder Do Kwon, after being sentenced to 15 years in prison by a U.S. federal court in Manhattan for orchestrating the $40 billion TerraUSD collapse, may still face a second trial in South Korea. According to reports, South Korean prosecutors are seeking a sentence of more than 30 years for Do Kwon on charges of violating capital market laws. The 34-year-old South Korean national may apply for transfer to South Korea after serving half of his sentence. Approximately 200,000 South Korean investors suffered losses of about 300 billion won ($204 million) as a result. U.S. District Judge Paul Engelmayer stated during sentencing last week: "In the history of federal prosecutions, few fraud cases have caused such severe damage." Do Kwon has admitted to deliberately participating in a scheme to defraud Terraform Labs cryptocurrency purchasers between 2018 and 2022, which led to the collapse of the TerraUSD stablecoin and Luna token in May 2022, triggering a chain reaction in the cryptocurrency market.
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