plaintiff Van Loon appealed on September 2nd in the Fifth Circuit Court, challenging the US Treasury Department's decision to list Tornado Cash as a specially designated national (SDN). The plaintiff believes that the Treasury Department's sanctions on this open source project without clear guidance may threaten the First Amendment rights of programmers.

Telegram has released its first official statement regarding the arrest of its CEO, Pavel Durov. "It is still unclear what charges Durov is facing or whether he has been arrested. There are various reports that he may have been arrested due to the lack of management on the Telegram platform, but the facts are still unclear as there has been no official confirmation from the French government or further explanation from Telegram," the statement read. "Telegram CEO Pavel Durov has nothing to hide and travels frequently in Europe."

Investment advisers are expanding their spot Bitcoin ETF holdings, but Coinbase warns that “large inflows” might not be seen immediately due to the slow summer period in the United States.

History is littered with failed predictions about the future of technology. Have we learned anything along the way?

On August 14th, Polkadot network proposed RFC 97 with the aim of significantly shortening the unlocking period of DOT tokens. After review and discussion, the proposal was approved by the Fellowship, and its code or design has been merged into the main codebase.

If approved, the ETF would be the first US fund to hold a diversified portfolio of spot cryptocurrencies.

On August 7th, developer Nima Owji tweeted that Elon Musk's X platform will launch XPayments payment service, involving transactions, balances, and transfers. Musk had previously revealed plans to provide financial services on the X platform, including storing value, transferring to others, and accessing high-yield currency markets.

Spot Ether ETFs were supposed to set the gold standard for ETH investing. Unfortunately, they still aren't allowed to offer staking.

Mt.Gox announced that after repayments on July 5th, 16th, and 24th, 2024, on July 31st, 2024, the trustee made repayments to some creditors in the form of Bitcoin and Bitcoin Cash through designated cryptocurrency exchanges according to the compensation plan, and has already made repayments to over 17,000 creditors. Once the following conditions are met, repayments will be made immediately to other creditors: (i) confirmation of the validity of registered accounts and other matters; (ii) intention to subscribe to the agency receipt agreement with designated cryptocurrency exchanges, etc.; (iii) discussions with the trustee and designated cryptocurrency exchanges regarding repayments are completed; (iv) confirmation of safe and reliable repayments. Mt.Gox stated that eligible creditors will be asked to wait for a period of time.

 Terra announced on X that the Terra blockchain has resumed block production at around 4:19 AM Coordinated Universal Time today, and the emergency chain upgrade has been completed. Transactions are being processed and users can resume normal activities. Validators holding over 67% of the voting power on Terra have upgraded their nodes to prevent the vulnerability from happening again. It is expected that more validators will upgrade soon.