Marc
@marcb
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🚨BREAKING: Telegram Founder Pavel Durov Arrested in Paris, Faces 20 Years;
Toncoin DropsPavel Durov, the founder and CEO of Telegram, was detained at Le Bourget Airport in France on Saturday evening.
TON coin powering The Open Network (hence TON) blockchain has dropped 17% on the news.
TON is tightly integrated into Telegram Messenger Messenger with 900M+ users.
French authorities are investigating allegations related to Telegram's alleged facilitation of crimes, including terrorism,drug trafficking, and money laundering.
Durov, who arrived on a private jet, under a warrant for allegedly refusing to cooperate with law enforcement and being implicated in crimes facilitated through Telegram, including terrorism, drug trafficking, and money laundering.
Durov, who holds French citizenship, could face up to 20 years in prison.
The case highlights the ongoing tension between tech companies' commitment to privacy and the need for law enforcement access to combat criminal activity.
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Norway's sovereign wealth fund ($1.71 trillion AuM), Swiss & Norway’s central banks invest in ‘Bitcoin’ 💥
What’s happening:
Central banks have revealed significant holdings in MicroStrategy:
🎰 Norges Bank: 1.123M shares = 0.45% = $154M
🎰 Swiss National Bank increasing its stake by 60% to 466,000 shares = 0.24% = $63M
🎰 Norway's sovereign wealth fund: $217M, 3x its stake over the past year, with a 0.89% ownership ($304M).
Why Microstrategy?
That’s not Bitcoin, right?
Wait: ☝️
Microstrategy is the company of Michael Saylor …
… a US business man an prominent Bitcoin evangelist.
In Aug 2020, he started a risky strategy:
Buy Bitcoin with Microstrategy’s treasury reserves.
You bet:
By now, Microstrategy holds 226,500 BTC valued at $13.8B,
That’s HALF of its $26.3B market cap.🤯
Here’s where it gets interesting:
As the company is publicly traded, it essentially turned into a “Bitcoin index”. 1 reply
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Walmart’s Web3 strategy:
“Show up early, be data driven, target communities.”
I talked to Justin Breton, Head of Brand Marketing Innovation at Walmart.
Walmart is the world's largest company by revenue ($611B), serving over 230M customers weekly.
3 key insights:
1. Focus on engagement, no immediate ROI required
2. Everything starts with data: For example, using Pinterest to recognize trends in data
3. Focus on communities, not target groups.
Example: For instance, Walmart leverages Discord to support its efforts on Roblox, creating a dedicated community with 34,000 active members who discuss and nominate experiences and virtual items for Walmart's platform.
Thank you for joining Justin Breton! 🙌
🎧 Listen here: https://www.dematerialzd.xyz/p/walmarts-approach-to-web3-community 0 reply
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Last year, the Ordinals (BRC-20) protocol brought NFTs to Bitcoin with over 66M inscriptions to date and a $2.65B market cap.
Now, Bitcoin Runes introduces a new fungible token standard on Bitcoin, enabling a host of new innovations such as DeFi, tokenization, stablecoins, memecoins, and more.
This is massive.
I had the privilege to talk with Isabel Foxen Duke, who played a key role in launching the Ordinals protocol.
Now she’s GP at UnbrokenChainGP, the first Ordinals hedge fund.
Key takeaways:
– Bitcoin Ordinals offer greater censorship resistance
– Unique digital artifacts via Ordinals
– New opportunities with Bitcoin Runes and DeFi
– Venture capital shifts to Bitcoin Layer 2 solutions
So what? 💡
Every builder and corporate should start considering Bitcoin as a serious contender to other L1 smart contract chains, whether it’s for asset tokenization, stablecoins, memecoins or even NFTs.
Watch the full episode: https://www.youtube.com/watch?v=RQCj8q8sDAk 0 reply
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