ChainCatcher news, according to a post by Cointelegraph on the X platform, MicroStrategy founder Michael Saylor was allegedly deceived by false information on social media, which contained misinformation about Donald Trump's stance on cryptocurrency taxation (claiming that Bitcoin is currency and does not need to be subject to capital gains tax).

ChainCatcher news, according to Caixin, thanks to the recent surge in the stock price of Trump Media Technology Group (TMTG), the latest valuation of Truth Social, the social media platform created by former U.S. President and Republican presidential candidate Donald Trump, has surpassed that of its biggest competitor, the X platform owned by the world's richest man, Elon Musk.As of Tuesday, the stock price of Truth Social's parent company, Trump Media Technology Group, has soared 333% from the low point reached at the end of September, bringing its valuation to $10.6 billion. In contrast, Fidelity Investment's latest valuation of X is only $9.4 billion. Fidelity regularly updates its valuation expectations for the social media platform due to its holdings in X. Since Musk's acquisition of X for $44 billion in October 2022, the platform's valuation has decreased by 79%. The $10.6 billion valuation of Trump Media also makes it more valuable than The New York Times, which has a valuation of about $9.2 billion.It is reported that the surge in the valuation of Trump Media Technology Group is not based on fundamentals, but is related to the likelihood of Trump winning the presidential election.

ChainCatcher news, according to Apnews, thanks to the recent rise in stock prices of Trump Media & Technology Group (DJT.O), the value of Trump's social media platform Truth Social has now surpassed that of Musk's X.Since late September, the stock price of Trump Media & Technology Group has increased more than fourfold, with a market capitalization exceeding $10 billion. According to Fidelity's latest valuation of its holdings in X Holdings, X Holdings is valued at approximately $9.4 billion.The stock price of Trump Media & Technology Group often fluctuates with the likelihood of Trump's re-election rather than its own profit prospects, as investors believe the chances of Trump reclaiming the presidency have recently increased. On Tuesday, the stock rose more than 12%, following a 21.6% increase on Monday.

ChainCatcher news, CryptoQuant CEO Ki Young Ju stated on social media, "I agree with everything meme coin enthusiasts talk about, except for the meme coin cycle.Social media has evolved from being centered around relationships with friends and family to being centered around shared interests, and the next step is economically driven social media, which is also the vision of Web3. Memecoin is just a temporary combination of economy and common interests in the transitional phase of social media.Soon, we will see an era where economic interests align with the social value creation of the internet, and that is when the real altcoin season will begin."

ChainCatcher message, Binance founder Changpeng Zhao posted on X platform: "There are deepfake videos of me on other social media platforms. Please be cautious of scams."

ChainCatcher news, the privacy social media network MeWe, based on the Decentralized Social Network Protocol (DSNP), announced the completion of a $6 million Series B funding round, led by McCourt Global. The new funds will be used to further develop new technologies such as AI integration, launch new Web3 product features, strategically acquire users through targeted marketing efforts, and introduce a native token to enhance user growth, platform engagement, and utility.

ChainCatcher news, CryptoQuant founder Ki Young Ju posted on social media, "Since the invention of the internet, social media's influence on financial markets has increasingly taken on a religious tone. Elon Musk's Tesla, Satoshi Nakamoto's Bitcoin, and various crypto communities are typical examples.The role of the 'prophet' in religion plays a crucial role in driving asset prices up. Prophets endlessly expand their thoughts about the future, often perceived to have reached a state of enlightenment, and this perceived enlightenment generates blind faith. This faith leads to the formation of religious communities that share the same beliefs. The stronger the followers' faith within the community, the more legitimate the asset is considered, even if it does not generate profits or create social value. This is a stunning phenomenon.Investors must now pay attention to the impact of social media on investment decisions. When evaluating a publicly traded company or token project, it is essential to consider whether there is an influential 'prophet' on social media and how strong their followers' faith is.Companies are rushing to enter social media, trying to form religious communities filled with blind faith. However, not everyone can become a prophet. Most fail to attract followers. Especially in the crypto space, if internal efforts to expand influence fail, they may externally hire Key Opinion Leaders (KOLs) to create false faith. Only a very few projects have succeeded in this regard.The influence of social media on financial markets will continue to grow. As communities are made up of people, this religious tone will deepen. I believe that understanding how religion operates will help in understanding the future of financial markets."

ChainCatcher news, according to Jinshi reports, Elon Musk's social media platform X has paid the fine imposed by the Brazilian Supreme Court, and the company will submit a new request to restore its services in the country.

ChainCatcher news, encrypted KOL Professor Crypto has not publicly responded to allegations of using bots to manipulate his social media metrics and influence shortly after receiving the "Best Content Creator" award. On-chain detective ZachXBT accused him of using "thousands of bots" to "fool people into thinking you are influential."He also hinted that this move might violate a regulation by the Federal Trade Commission (FTC), which "prohibits anyone from selling or buying false social media influence metrics, such as followers or views generated by bots or hijacked accounts."Professor Crypto has not publicly responded to the allegations but has deleted several posts showing that he received the "Best Content Creator" award at the DeGen Summit held in Singapore on September 17.

ChainCatcher news, according to a post by X platform user Pelham, in an interview, Kamala Harris stated that Brazil's decision to shut down the X platform was correct, and all social media platforms should comply with government censorship, including shutting down the accounts of political opponents.

ChainCatcher news, according to Coindesk, cryptocurrency investment firm Galaxy Digital has released a research report suggesting that the arrest of Telegram CEO Pavel Durov in France may just be the beginning of stricter regulations on social media platforms. The report indicates that Durov's arrest may be related to Telegram's refusal to comply with information deletion or provision requests from the European or French governments. Galaxy's research director Alex Thorn stated that it is currently unclear whether the charges against Durov involve the TON blockchain or Telegram's integration with TON.The report emphasizes that while the TON blockchain has over 350 global validator nodes, the number of nodes actually controlled by Telegram is unknown, raising doubts about TON's resilience in the face of government crackdowns. Galaxy points out that the value of TON largely depends on its integration with Telegram. How future blockchain projects avoid being accused of facilitating criminal activities may depend on their level of decentralization. Although French prosecutors have indicated that Durov may be released as early as this Wednesday, participants on the prediction platform Polymarket are not optimistic, leaning towards betting that he will be released by the end of September.

ChainCatcher news, according to the official TON TG channel, the Ton community launched the "We stand with Pavel Durov (Telegram CEO)" movement early this morning.To support the Digital Resistance movement, it stated that it is updating the TONCOIN logo and avatar in the TON community channel, changing it to the global symbol of the Digital Resistance movement------"Resistance Dog".

ChainCatcher message, Vitalik published an article discussing the concept of diversity. He stated that diversity technology advocates for a fairly broad set of digital and social technologies that span across traditionally considered "spaces" or industries.In addition, he mentioned that he is particularly optimistic about experiments in the concept of diversity in three areas: social media, blockchain ecosystems, and local government.