ChainCatcher news, the Governor of the Bank of France, Villeroy, stated that Bitcoin is still a high-risk asset.

ChainCatcher news, according to Cointelegraph, the cryptocurrency market capitalization has reached a historic high of $3.12 trillion, now approaching that of France's Gross Domestic Product (GDP).If the cryptocurrency market were considered a country, its GDP would rank eighth, only behind the United States, China, Germany, Japan, India, the United Kingdom, and France. Meanwhile, the market capitalization of Bitcoin alone has surpassed $1.77 trillion, exceeding Spain's GDP.

ChainCatcher news, Pantheon Macroeconomics economist Claus Vistesen stated that inflation rates in France and Spain have significantly decreased this month. If this data can represent the entire Eurozone, then European Central Bank policymakers supporting further rate cuts will be in a favorable position to push for a third rate cut next month.The most striking detail in the French inflation data is that the inflation rate for manufactured goods dropped from negative 0.1% in August to negative 0.3%, which is a significant downside surprise, especially considering that the base effect suggests that good commodity inflation should rebound. The ECB's rate cut in October is the new baseline expectation, but a greater certainty for the rate cut will only come after the Eurozone inflation data is released on Tuesday. (Jin Ten)

ChainCatcher news, Telegram founder Pavel Durov spoke out through Telegram after being arrested in France, stating, "The claim that Telegram is some sort of anarchist paradise is absolutely untrue. We delete millions of harmful posts and channels every day. We also publish daily transparency reports and have direct communication channels with NGOs to handle urgent regulatory requests more quickly.The rapid growth of Telegram's user base to 950 million has led to growing pains for the platform, making it easier for criminals to abuse it. That is why I have made it my personal goal to significantly improve this situation. We have already started this process internally and will soon share more details about our progress with everyone."

ChainCatcher news, according to The Block, Telegram founder and CEO Pavel Durov spoke out for the first time on the Telegram platform after being arrested in France. He not only denied the reasons for his arrest but also stated his readiness to exit markets that are incompatible with Telegram's principles.Durov emphasized, "If we cannot reach an agreement with the regulators of a country on the balance of privacy and security, we are ready to leave that country at any time. We have done this multiple times." He cited examples of Russia and Iran. "We are prepared to leave markets that are incompatible with our principles because we are not in it for the money. Our motivation is to bring benefits to people and defend fundamental rights, especially where those rights are being violated."Previously, it was reported that Durov was arrested at a Paris airport and subsequently charged by a French court. The charges include "aiding the dissemination of child sexual images and other crimes, such as drug trafficking on messaging applications." This arrest is part of a broader cybercrime investigation involving allegations that Telegram has facilitated money laundering, child pornography, and drug trafficking through its encrypted tools and services. French authorities have released Durov but required him to accept "judicial supervision," meaning the Telegram founder must remain in France.

ChainCatcher news, French President Emmanuel Macron held a press conference during his diplomatic visit to Serbia. In a televised broadcast of the visit, the French leader told reporters that he did not invite Telegram co-founder Pavel Durov to France and was unaware of his plans to come to France.According to the translated version of Macron's response, the French president said: "As far as I am concerned, I am completely unaware that Mr. Pavel Durov would come to France. This is quite normal, as I do not know about people coming to France from all over the world, regardless of whether they hold French nationality."The French president then reiterated that Pavel Durov's case would be handled by "the independent actions of the French judicial system." France faces widespread opposition from the international community over the decision to arrest Durov, while Macron insists that the decision to detain the tech entrepreneur was not politically motivated.Previous news reported that, according to sources from the French newspaper Canard Chain de l'Elysée, Telegram founder Durov informed the police that he was supposed to have dinner with President Macron on the day of his arrest.

ChainCatcher message, Russia warns France not to take political action in the case of Telegram CEO, as criminal charges against Telegram CEO Pavel Durov could be seen as "political persecution." Durov, a Russian-born French citizen, was detained in Paris for allegedly failing to control illegal content on the information platform. He has been released on bail but must remain in France and report to the police regularly. Kremlin spokesman Dmitry Peskov emphasized that Russian officials support Durov, who holds Russian citizenship and is willing to provide assistance.

ChainCatcher news, according to Xinhua News Agency, the Paris prosecutor's office announced on the 28th that Pavel Durov, the founder and CEO of the social media platform Telegram, who was previously arrested in France, was charged after being released from custody that day. He was granted bail under judicial supervision but is not allowed to leave France.Paris prosecutor Laure Beccuau stated that Durov was granted bail under judicial supervision but must pay a deposit of 5 million euros, report to the police station twice a week, and is prohibited from leaving French territory.Relevant departments of the French government are investigating illegal activities on the "Telegram" platform involving fraud, drug trafficking, organized crime, child pornography, and the promotion of terrorism. Durov is accused of failing to take appropriate measures to prevent these crimes. The Paris prosecutor's office had previously issued a news announcement on the 26th, stating that a judicial investigation containing 12 charges, not targeting specific individuals, began on July 8 of this year, leading to Durov's arrest.

ChainCatcher news, Telegram CEO Pavel Durov has been arrested in France due to a cybercrime investigation, and the UAE is requesting consular services for him.The UAE Ministry of Foreign Affairs stated in a statement: "The UAE is closely monitoring the case of its citizen, Telegram founder Pavel Durov, who was arrested by French authorities at Paris-Le Bourget Airport. The UAE has requested the French government to urgently provide him with all necessary consular services."

ChainCatcher message, the official TON community stated on social media, "Today we have launched a pioneering initiative, calling for the release of French #FREEDUROV.This is an open letter mini-program on Telegram. We hope this letter can gather hundreds of millions of signatures.We call for France to release Telegram founder Pavel Durov and allow Telegram to protect users' freedom of speech and privacy rights."

ChainCatcher news, Russian Foreign Minister Lavrov stated regarding the arrest of Telegram CEO Pavel Durov in France that the relationship between Moscow and Paris is at its lowest point.

ChainCatcher news reports that the French prosecutor stated that Telegram founder and CEO Durov could be released as early as Wednesday local time. However, Polymarket is not confident that he will be released in August, with some users betting that he will be released by the end of September.The prosecutor indicated that Durov has not been formally charged. Instead, his detention is part of an investigation stemming from alleged criminal activities planned or disseminated on Telegram, including money laundering, drug trafficking, child pornography, and non-compliance with law enforcement.The press release noted that if investigators find sufficient evidence during the interrogation process, Durov's detention could be extended, or he could be formally charged and moved to pre-trial detention. This possibility may intensify market skepticism regarding whether he can be released before the initial deadline.

ChainCatcher news, Russian Duma Chairman Volodin stated that the United States supports the arrest of Telegram CEO Durov in France without providing evidence. (Jin Ten)

ChainCatcher news, according to Jinshi reports, French President Macron stated that Telegram founder Durov was arrested due to a judicial investigation, with no political motives involved.

ChainCatcher news, according to Reuters, Telegram founder and CEO Pavel Durov became a French citizen in August 2021. He moved Telegram to Dubai in 2017, and according to French media, he also obtained citizenship of the United Arab Emirates, in addition to being a citizen of the Caribbean twin-island nation of Saint Kitts and Nevis.

ChainCatcher message, "Prism" whistleblower Edward Snowden stated on social media: "The arrest of Telegram CEO Pavel Durov is an infringement on fundamental human rights such as freedom of speech and the right to assemble. I am shocked and deeply saddened that Macron has fallen to the level of obtaining private communications through hostage-taking. This not only shames France but also shames the entire world."

ChainCatcher news, according to Jinshi reports, Yekaterina Mizulina, head of the Russian Safe Internet League, believes that the arrest of Telegram co-founder Pavel Durov in France was at the request of the United States.She wrote on her personal channel on "Telegram": "I have long believed that the Telegram leader is in danger outside of Russia and could be arrested at any moment; similar situations have occurred at the request of the United States before. I initially thought that no one would touch him because he might have cooperation with Western intelligence agencies, but recent news suggests that everything seems to be quite different."In addition, Mizulina believes that Durov's arrest is aimed at cracking down on the super currency Toncoin circulating on Telegram. She stated that this way, the United States will continue its sanctions policy.