Today in Crypto, Telegram founder Pavev Durov provides updates on the court case, criticizing the French government, Ethereum gaming network Xai claims that Elon Musk’s AI firm Xai has caused a market confusion and reputation damage, Meanwhile, social media’s attention increases in the federal reserve can be a warning to the federal reserve. Crypto.
Telegram founder Pavel Durov provides updating, criticizing the French government
Telegram founder Pavev Durov said the ongoing investigation by French law enforcement authorities has did not provide evidence of wrongdoing On behalf of the telegram or himself, it continues.
Durov was critical of the French government, stating that despite the lack of any basis for the investigation, the authorities continued to drag it. In a telegram Post On Sunday, Durov wrote:
“A year ago, French police stopped me for four days because some people I didn’t hear the used telegram to fix crimes. Arresting a CEO a major platform in its users’ actions not only occurred – it was legal and logically absurd.
One year later, the ‘criminal investigation’ against me was still having difficulty finding anything I did or a telegram, “he continued.
The case against Durov attracts international attention and extensive condemnation of his arrest, characterized as political motivation and an attempt to force online censorship.
The Ethereum Gaming Network Xai sues Musk’s Xai for breaking the trademark
The Ethereum -based gaming network Xai filed a lawsuit against Elon Musk’s artificial intelligence company Xai, who is accused of breaking the trademark and unfair competition.
The complaint, filed in the northern district of California on Thursday, the claim Musk’s Xai Company was created Extensive market confusion, damaging Xai’s brand.
Ex populus, the Delaware Corporation behind Xai, it said Xai trademark used in US commerce Since June 2023, including through the blockchain gaming ecosystem and the $ xai token. “This is a classic case of breaking the trademark that requires court intervention to remedy,” the filing said.
The ex populus runs the Xai ecosystem, which includes a Blockchain-powered network designed for video play and digital transactions, offering infrastructure to support game logic, AI-driven-driven decisions, rewards and data management in multiple applications, per filing.
Fed Rate Chatter Raising may be a red flag for Crypto: Santiment
The Advancement of Social Media Chatter around high expectations The decision of interest of the US Federal Reserve September’s interest can be a warning sign for the crypto, says sentiment platform Santiment.
It came after the Crypto market rally on Friday and The sentiment on the market is back in greed Following Fed Chair Jerome Powell’s Dovish remarks at the annual Jackson Hole Economic Symposium. He announced that was the first Cutting rate of 2025 may arrive in September.
“History, as a massive spike in discussion around a single bullish narrative may indicate that euphoria is getting very high and can signal a local top,” Santiment Says In a report last Saturday.
The firm said social media mentions keywords tied to Fed and Interest rates leaps to their highest levels at 11 months.
“While optimization about a cutting rate is fuel in the market, social data suggests caution is warranted,” Santiment said.
