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Steven Nerayoff, an early adviser to the Ethereum network, has filed a $100 million lawsuit against the law firm Covington & Burling. He claims the firm mishandled his defense in a 2019 extortion case, causing significant personal and professional harm.

Binance’s Indonesian subsidiary, Tokocrypto, has received a full Physical Crypto Asset Trader (PFAK) license from Indonesia's Commodity Futures Trading Regulatory Agency, Bappebti. This milestone allows Tokocrypto to operate as a licensed crypto asset trader, reinforcing Binance’s and Tokocrypto’s commitment to regulatory compliance.

On Tuesday, the social media accounts of Lara and Tiffany Trump were hacked, spreading false information about a crypto project called World Liberty Financial. Eric Trump confirmed the scam and assured that the accounts were swiftly locked.

Bitcoin continues to face downward pressure, trading below $57,000 as the broader cryptocurrency market shows weakness. According to data from CryptoRank, major digital currencies are in the red, with Ethereum (ETH) down 5.39%, Binance Coin (BNB) by 4.52%, and Bitcoin (BTC) by 4.24%. The total market capitalization has fallen by 4.07%, now at $2.09 trillion, with Bitcoin’s dominance slipping to 53.49%.

The United Nations expressed concerns over Telegram CEO Pavel Durov's recent arrest in France, where he faces charges related to the platform’s operations. Detained on August 24 at Le Bourget Airport, Durov has been banned from leaving France, drawing international attention. The crypto community, which values privacy and decentralization, views his detention as an attack on free speech, while critics argue that Telegram’s leniency on illegal activities has prompted legal action.

Bitcoin ATM scams in the U.S. have surged, with losses surpassing $110 million in 2023, a tenfold increase since 2020. Older adults, especially those over 60, are disproportionately targeted, as scammers pose as officials or tech support agents. Victims are often deceived into transferring funds via Bitcoin ATMs by scanning a QR code linked to the scammer’s wallet.

Ripple CEO Brad Garlinghouse announced that Ripple’s dollar-pegged stablecoin, RLUSD, is nearing public release. Currently in private beta, RLUSD is expected to launch within weeks, aiming to complement XRP and challenge stablecoin leaders like USDT and USDC. Ripple’s move into the stablecoin market follows USDC’s brief de-pegging, positioning RLUSD as a potential competitor. In June, Ripple President Monica Long confirmed RLUSD had been tested on two blockchains.

The cryptocurrency market has seen notable movements, particularly with Solana (SOL) and Dogecoin (DOGE). According to Crypto Rover, a crypto YouTuber, Solana's trading volume has rapidly decreased, raising concerns about $SOL's sustainability. Currently, SOL is trading at $132.65, down 0.60%, with a 24-hour trading volume surge of 84.22% to $2.44 billion. Despite an initial rise to $136, SOL's price has consolidated around $130-$132, showing weak bullish momentum. Key support levels are at $130, $128, and $126, while resistance lies at $134 and $136.

Crypto analyst Mando CT has expressed a bullish outlook on XRP, urging accumulation ahead of a potential significant breakout. In a recent X post, he outlined his strategy of accumulating XRP, believing that a breakout could lead to a parabolic rise in its price. Despite Bitcoin's recent volatility, Mando highlighted a clear bullish divergence forming in XRP’s charts, often signaling an upward trend.

South Korean authorities have launched a thorough investigation into Telegram, the encrypted messaging app, over its alleged involvement in distributing sexually explicit deepfake content, particularly targeting South Korean women. The probe, led by the National Office of Investigation, comes in response to public outrage over the spread of deepfake pornography within Telegram chatrooms. The platform, already scrutinized for holding $400 million in digital assets by the end of 2023, faces further backlash following the recent arrest of its CEO, Pavel Durov.

XRP has garnered significant attention after breaking out of a well-defined downtrend channel, signaling a potential shift from bearish to bullish momentum. Analyst XRP CAPTAIN on X noted that this breakout positions XRP for a possible rise to $0.60. The price had been constrained within two descending trendlines, with the upper boundary acting as resistance. However, XRP has now breached this resistance, suggesting a potential reversal. The previous resistance level at $0.5650 could become new support, aligning with the analyst's $0.60 target, based on the channel's height—a common method for estimating breakout targets.

The price of POPCAT has surged significantly following Binance Futures' announcement of a new USD-Margined perpetual contract for the token on August 22, 2024. The POPCAT USDT perpetual contract allows for up to 75x leverage, triggering a 22% price increase within 24 hours. POPCAT's price hit $0.7434, with trading volume reaching $156,591,547. Over the past week, the token has surged 80%, outperforming the broader crypto market, which rose 8.60%, and meme-based cryptocurrencies, which saw a 20% rise.

Bitcoin interest in the United States has surged to a 39-day high following signals from the Federal Reserve hinting at upcoming interest rate cuts. Julio Moreno, head of research at CryptoQuant, highlighted this increase in a recent X post, noting that demand spiked as the Fed suggested a shift towards lower rates. This rise in interest is reflected in the Coinbase Premium Index, which hit 0.0114, its highest level since July 15, indicating strong US buying pressure.

WazirX, one of India’s largest crypto exchanges, has announced the partial withdrawal of customer funds in Indian Rupees (INR) nearly a month after a $230 million hack. Starting September 26, customers can access 66% of their funds. WazirX has also reduced withdrawal fees by 60%, lowering the charge from ₹25 to ₹10, simplifying the process for users.

XRP is gaining momentum as a solution to global liquidity challenges in the banking sector. Ripple is strategically positioning XRP to enhance the efficiency of cross-border payments and liquidity management. Crypto analyst SMQKE highlighted XRP’s potential, referencing Ripple’s documents that outline XRP’s role in addressing banking inefficiencies.

Polygon, a prominent blockchain platform, recently experienced a significant security breach in its community Discord channel. Mudit Gupta, Polygon’s Chief Information Security Officer, confirmed the incident, urging users to avoid interacting with any shared links until the issue is resolved. Despite Gupta's assurance that high-privilege accounts had two-factor authentication enabled, the breach has raised concerns about the platform's security.