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Russia’s Foreign Ministry has demanded consular access to Telegram founder and CEO Pavel Durov following his arrest on Saturday in France, with Russian officials reacting angrily to news of the arrest, according to the Wall Street Journal.French authorities plan to address Durov’s address in a statement on Monday, according to NPR.
Share link:In this post: Jerome Powell says rate cuts are coming, but history shows they might hurt the markets more than help. Lower interest rates could cause stocks to surge or crash, depending on how investors feel about the economy. Bitcoin could see a boost from rate cuts, but it also risks speculative bubbles and increased volatility.
Share link:In this post: The U.S. job market is holding steady, but the slight rise in unemployment has people wondering if more trouble is on the horizon. Bitcoin’s price is bouncing around, with the Fed’s potential rate cuts playing a big role in what might happen next.
- 07:35Analyst: MOCA Suspected to Be Entrusting Galaxy Digital for Market Making or Token SellingAccording to on-chain analyst @ai_9684xtpa, MOCA is suspected of entrusting Galaxy Digital for market making or selling tokens. In the past two weeks, the Mocaverse liquidity distribution multi-signature address transferred 74.07 million MOCA, worth $5.92 million, to Galaxy Digital; 4 hours ago, Galaxy recharged 40 million of these tokens, worth $3.6 million, to a CEX.
- 07:34Protos: The Ethereum Foundation Still Hasn't Disclosed Vitalik Buterin's Voting Rights SituationAccording to Protos, although the Ethereum Foundation has emphasized its community-centered governance, it has yet to disclose the voting rights of co-founder Vitalik Buterin. Notably, Laura Shin, author of "The Cryptopians," has questioned for years whether Vitalik Buterin holds three super votes or if all four board members have equal voting rights. The Ethereum Foundation board currently consists of four directors: Vitalik Buterin, Aya Miyaguchi, Hsiao-Wei Wang, and Patrick Storchenegger, but the organization has not yet revealed how voting rights are distributed. Protos has contacted the Ethereum Foundation for details, and a response has not been received as of yet.
- 07:34MIT Bitcoin Giveaway Program's Sent BTC Now Valued at $110 MillionIn 2014, two MIT students, Jeremy Rubin and Dan Elitzer, launched an experimental program distributing $100 worth of Bitcoin to each of the 4,494 undergraduates, totaling about $500,000 (with half of the funding supported by Hudson River Trading co-founder Alexander Morcos). The project aimed to study the impact of early adopters on the spread of new technology and received support from MIT professors and the administration. Although actual use of Bitcoin on campus was limited at the time, with Bitcoin prices rising over 220 times, the total value of the gifted Bitcoin now exceeds $110 million. Jeremy Rubin later contributed to the development of Bitcoin Core, while Dan Elitzer co-founded venture firms such as IDEO CoLab Ventures and Nascent.