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🇫🇷 Telegram CEO can’t leave France 

Word On The Street: Pavel Durov, the founder and CEO of the messaging app Telegram, was charged in France and placed under judicial supervision following a court appearance.

The details:

• According to a Bloomberg report from August 28, French prosecutors indicted Durov on criminal charges related to his leadership role at Telegram.

• As part of the conditions of his release, Durov was barred from leaving France and was required to post bail of 5 million euros (approximately $5.5 million at the time).

• Durov's arrest has sparked criticism, with many of his supporters arguing that French authorities' actions represent an attack on freedom of expression.

Why it matters: French President Emmanuel Macron has denied that Durov's arrest was politically motivated. However, even after four days, many questions remain unanswered.

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Other News

BlackRock launches Ether ETF in Brazil. The asset manager has expanded its portfolio of crypto-based products in Brazil with the debut of the recently launched iShares Ethereum Trust through a depositary receipt.

Telegram-Linked TON Blockchain Suffers Second Outage. Once again, the DOGS token is gumming up the works.

OpenSea marketplace receives Wells notice from the SEC. CEO Devin Finzer pledged to “stand up and fight” any potential enforcement action the regulator might bring involving NFTs.

Bitcoin Layer-2 Network Stacks Begins Nakamoto Upgrade. Nakamoto could boost transaction speeds on Stacks and open the door for smart contracts using Bitcoin as a base layer.

Traders Corner (Premium)

Welcome, Traders!

Traders Corner is the premium section of The Blockstreet Journal. We provide one free report out of appreciation ❤️ 

Reports from our analysts today:

• Polkadot Technical Analysis (Free)

• Litecoin Technical Analysis (Paid)

• Near Protocol Technical Analysis (Paid)

TRADERS CORNER
🤔 Polkadot Technical Analysis

Polkadot (DOT/USD) is currently trading at $4.375. The price is slightly above the VWAP (Volume Weighted Average Price), indicating a mild bullish sentiment. The VWAP bands suggest that the price is currently near the upper standard deviation band, which typically indicates that the asset may be overbought in the short term.

Trend Analysis:

The short-term trend on this 1-minute chart appears to be slightly bullish, with the price making higher highs and higher lows. However, the recent price action shows signs of consolidation, as the price struggles to break above the $4.380 resistance level. The trend could continue upward if the price manages to maintain momentum and break above this resistance.

Support and Resistance:

- Support: The immediate support level is around $4.343, which is the VWAP mid-band level. If the price pulls back, this level could provide some support before a potential further decline.

- Resistance: The first resistance level is at $4.380, which the price is currently testing. A break above this level could see the price targeting the next resistance at $4.416, which corresponds to the upper VWAP band.

Scenarios:

1. Bullish Continuation: If the price breaks above the $4.380 resistance level and maintains momentum, it could move towards the $4.416 level. This would confirm the short-term bullish trend.

2. Bearish Reversal: If the price fails to break above $4.380 and starts to decline, it could find support at $4.343. A break below this support could see the price moving down towards $4.306 or lower.

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