🟣 Duck, Duck, Durov

Telegram founder's arrest sparks outrage around free speech

Author

Darren Mims
August 27, 2024

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Welcome back to 0xResearch. Here's what we’ve got for you today:

  • Martin Shkreli ordered by a judge to turn over Wu-Tang album to PleasrDAO.

  • Aave releases posts a temperature check governance proposal for a BUIDL integration.

  • UAE releases a statement on the arrest of Pavel Durov.

  • CCTP Bug found within Noble Protocol.

In recent news, the UAE government released a statement on the arrest of Telegram founder, Pavel Durov, who was apprehended following his arrival in France. The UAE stated that it will push for the welfare of its citizens abroad and urged France to provide full consular services to Durov. Since Durov's arrest, outrage has sparked over freedom of speech and privacy standards online. On Twitter, #FreePavel is now trending, and the French President, Emmanuel Macron, has stated that there was no political motivation behind Durov's apprehension.

This morning, Martin Shkreli was ordered by a judge to turn over digital copies of the remaining Wu-Tang album “Once Upon a Time in Shaolin”. Back in June, PleasrDAO sued Shkreli for $4.75M for not turning over digital copies as part of the deal with the DAO. Just recently, PleasrDAO has been pushing a digital campaign for users to interact with and buy fractional copies of the PleasrDAO Wu-Tang album.

In other news, Aave released a temperature check for a BUIDL integration. Specifically, the proposal calls for the deployment of the GHO stability module to support reserve allocation and management from third-party integrations, specifically BUIDL. The benefit of this proposal is that the GSM will expand Aave's yield into more real-world assets.

Finally, Asymmetric Research disclosed a bug in Circle's cross-chain transfer protocol. Fortunately, this bug was restricted to the Noble Protocol in the cosmos ecosystem. The vulnerability would have allowed a malicious user to mint fake USDC on Noble. The issue has since been fixed.

— 0xMims

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Today’s Chart of the Day showcases our new dashboard for Solana’s total economic value. TEV is the measurement of the network’s vote fees, MEV tips, and transaction fees aggregated together. As we can see from the chart above, Solana hit some insane peaks back in July, achieving more than $4M in TEV. However, in recent times, Solana has fallen back down to $1M TEV produced daily.

The shift in trends may be attributed to memecoin rotation, as pump.fun forks have began to surface elsewhere, on Tron and the Binance Smart Chain.

— 0xMims

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Blockworks Research is conducting a survey to gain insight into the institutional staking landscape. This data will help industry leaders adopt their strategies as the industry matures.

If you're an institutional staker, we want to hear from you (and if you’re new to Blockworks Research, get 20% off of our service while you’re at it!)

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The insights, views and outlooks presented in the report are not to be taken as financial advice. Blockworks Research analysts are not registered broker/dealers or financial advisors. Blockworks Research analysts may hold assets mentioned in this report, further outlined in the Firm’s Financial Disclosures.