Latest news for Nojima Co (OTC:NJMLF) Stock

Nojima Co Ltd is a Japanese company which is engaged in manufacturing and sale of digital audio and visual (AV)-related equipment, information technology (IT)-related equipment and electric appliances. It products are televisions, audio equipment, portable music players, blue recorders, personal computers, software, printers, digital cameras and other peripheral products.

Nojima Co Ltd

The agreements, which are subject to ratification, cover approximately&nbsp;30%&nbsp;of Norfolk Southern&#39;s union workforce and come four months before the opening of the next collective bargaining round, giving covered employees unprecedented certainty about upcoming enhancements to their pay, health care, and vacation.

News

Reported Friday, Norfolk Southern Reaches Tentative Five-Year Agreements With Four Unions, Ensuring Pay, Healthcare, And Vacation Improvements

<div>These agreements cover the following groups:</div>
<ul>
<li>The Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters (BMWED), covering maintenance of way employees;</li>
<li>The International Association of Machinists &amp; Aerospace Workers (IAM) covering machinists and roadway mechanics.</li>
<li>The International Association of Sheet Metal, Air, Rail and Transportation Workers &ndash; Transportation Division (SMART-TD), covering the yardmasters;</li>
<li>The Brotherhood of Railway Carmen (BRC) covering carmen at the Fruit Growers Express Company subsidiary of CSX;</li>
<li>The Transportation Communications Union (TCU) covering the clerical craft at Fruit Growers Express;</li>
<li>The American Railway and Airway Supervisors&#39; Association (ARASA) covering mechanical department supervisors; and</li>
<li>The B&amp;O Joint Council (BOJC) covering mechanical department foremen/supervisors.</li>
</ul>

Reported Friday, CSX Secures Tentative Five-Year Labor Agreements With Seven Additional Unions, Enhancing Wages And Benefits For Railroad Workers

Jenna Ortega revealed she deleted her Twitter (now known as X) account after receiving <a href="https://www.benzinga.com/markets/asia/24/03/37689000/rise-of-deepfake-videos-in-asia-raises-alarms-over-election-misinformation-report">artificial intelligence-generated explicit images</a> of herself as a child.
What Happened: Ortega, 21, shared her experience during a conversation on The New York Times&#8217;s &#8220;The Interview&#8221; <a href="https://www.nytimes.com/2024/08/24/magazine/jenna-ortega-interview.html">podcast</a>. She expressed her disdain for AI, stating she was sent AI-generated images of herself as a child on Twitter.
&#8220;I hate AI,&#8221; Ortega said when asked about the technology, which can create realistic images and videos, including deepfake explicit images. She described the experience as terrifying and corrupt.
Ortega, known for her roles in &#8220;Stuck in the Middle&#8221; and &#8220;Jane the Virgin,&#8221; mentioned she was advised to join Twitter to build her image. However, she received an unsolicited explicit photo as her first direct message at age 12.
She deleted the app &#8220;about two, three years ago&#8221; due to an influx of disturbing images. Ortega stated the content made her feel uncomfortable and disgusted.
&#8220;Did I like being 14 and making a Twitter account because I was supposed to and seeing dirty edited content of me as a child? No. It's terrifying. It's corrupt. It's wrong,&#8221; she said in the interview.
In response to such incidents, Rep.&nbsp;Joseph Morelle&nbsp;(D-N.Y.) <a href="https://morelle.house.gov/media/press-releases/congressman-joe-morelle-takes-action-end-ai-generated-deepfake-pornography">proposed</a> the Preventing Deepfakes of Intimate Images Act in 2023, aiming to criminalize the sharing of digitally altered explicit images. The bill is currently with the House Committee on the Judiciary.
See Also: <a href="https://www.benzinga.com/news/24/08/40543144/cupertino-shakes-up-app-store-leadership-iphone-16-launch-date-and-india-expansion-this-week-in-appl?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cupertino Shakes Up App Store Leadership, iPhone 16 Launch Date, And India Expansion: This Week In Appleverse</a>
Why It Matters: The rise of AI-generated explicit content has prompted significant <a href="https://www.benzinga.com/news/24/04/38120400/meta-expands-labels-for-ai-generated-content-to-include-photos-and-audio-across-facebook-instagram-a">actions from tech giants</a> and policymakers. In April, Meta Platforms Inc. expanded its labeling policy for AI-generated content across Facebook, Instagram, and Threads, following recommendations from its Oversight Board. This policy now includes photos and audio, not just videos.
In May, OpenAI introduced <a href="https://www.benzinga.com/news/24/05/38733370/openai-is-working-on-new-ai-image-detection-tools-in-busy-election-year-worldwide-to-tell-if-photos">new AI tools to detect images</a> created by its DALL-E generator. These tools include advanced watermarking techniques to better identify AI-generated content and a framework called Model Spec to guide future AI tool behaviors.
By August, Google had implemented <a href="https://www.benzinga.com/news/24/08/40089681/google-takes-action-against-deepfake-porn-in-search-results-as-others-like-mark-zuckerbergs-meta-and">measures to combat explicit deepfake content</a> in its search results. The tech giant introduced new online safety features to simplify the removal of explicit deepfakes and prevent them from ranking highly in search results.
However, not all AI advancements have been positive. In mid-August, Elon Musk&#8217;s Grok AI chatbot faced backlash for allowing <a href="https://www.benzinga.com/news/24/08/40389015/elon-musks-grok-ai-chatbot-creates-controversy-by-allowing-users-to-generate-no-filter-images-includ">users to generate offensive images</a>, including inappropriate depictions of political figures and celebrities. This controversy highlighted the ongoing challenges in regulating AI-generated content.
Ortega is not the first to face such issues. Earlier this year, Taylor Swift was targeted with similar AI-generated explicit content on Twitter, leading to <a href="https://www.benzinga.com/news/24/01/36818568/elon-musks-x-blocks-taylor-swift-searches-amid-deepfake-dilemma">temporary search blocks for her name</a>.
Last week, former President Donald Trump <a href="https://www.benzinga.com/news/24/08/40459309/can-taylor-swift-sue-trump-and-win-legal-experts-remain-divided-as-ex-president-stirs-controversy-by">stirred controversy by sharing manipulated images</a> on his Truth Social platform, falsely implying that pop star Taylor Swift and her fans were endorsing his presidential campaign.
Trump's post, captioned "I accept!" featured an AI-generated campaign poster of Swift donned in a patriotic top hat, with the message, "Taylor Wants You To Vote For Donald Trump."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40543436/boston-dynamics-atlas-teslas-ai-edge-amazons-q-ai-assistant-and-more-this-week-in-artificial-intelli?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Boston Dynamics&#8217; Atlas, Tesla&#8217;s AI Edge, Amazon&#8217;s Q AI Assistant, And More: This Week In Artificial Intelligence</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Entertainment

Social Media

Tech

Jenna Ortega Reveals Her 'Terrifying' AI Nightmare, Says She Deleted Her Twitter Account After Receiving AI-Generated Explicit Images

Reported Friday, Mister Car Wash Strengthens Michigan Presence, Unveils New Monroe Site

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) engineer Wes Morrill took to X on Sunday to explain to Cybertruck owners why they can&#8217;t use the power outlets on the vehicle <a href="https://www.benzinga.com/news/24/08/40179628/tesla-attempts-trial-to-increase-maximum-charging-rate-of-cybertrucks-on-supercharger-network">while they are supercharging</a>, and it seems like an issue that cannot be fixed easily.
What Happened: &#8220;The AC/DC converter used to take grid AC and convert it to DC to charge the HV battery is the same hardware used to generate the AC grid you use for your onboard power,&#8221; Morrill wrote on X.
When supercharging, DC voltage is being put directly into the vehicle battery, placing the power converter hardware at a standstill and not allowing the driver to use the power outlets.
While it is possible to resolve this, the fix will take &#8220;time to develop,&#8221; the Cybertruck lead engineer added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The AC/DC converter used to take grid AC and convert it to DC to charge the HV battery is the same hardware used to generate the AC grid you use for your on board power. There are several powerstages in the AC/DC converter, so it may be possible to use one to charge at a limited…
&mdash; Wes (@wmorrill3) <a href="https://twitter.com/wmorrill3/status/1827742267110821974?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
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Responding to another user who wondered why this wasn&#8217;t considered during the vehicle&#8217;s development, Morill said, &#8220;If you are charging with AC power, you likely can plug whatever needs power into the same grid supplying power for the truck. It&#8217;s a pretty small use case to need to AC charge and simultaneously grid form with the truck.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you are charging with AC power, you likely can plug whatever needs power into the same grid supplying power for the truck. It&#39;s a pretty small use case to need to AC charge and simultaneously grid form with the truck.
&mdash; Wes (@wmorrill3) <a href="https://twitter.com/wmorrill3/status/1827827632718979339?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
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Why It Matters: The Cybertruck has multiple outlets to charge phones or tools in the front seat, back seat, and truck bed. The 120V/240V outlets in the truck bed, Tesla says, can also enable the Cybertruck to charge another EV or operate tools. 
Tesla started delivering the Cybertruck in November 2023 and is currently ramping up production with the aim of delivering 250,000 units per year starting in 2025. Tesla CEO Elon Musk has previously said that production, <a href="https://www.benzinga.com/news/24/07/39590408/tesla-to-deliver-foundation-series-cybertrucks-through-late-2024-due-to-continued-high-demand-contra" target="_blank" rel="noreferrer noopener">and not demand</a>, is the biggest hurdle in ramping up Cybertruck deliveries.
According to Kelley Blue Book estimates, Tesla sold 8,755 Cybertrucks in the second quarter in the U.S., and <a href="https://www.benzinga.com/news/24/05/38783121/tesla-cybertrucks-are-filling-up-in-used-car-markets-but-would-you-pay-these-steep-prices" target="_blank" rel="noreferrer noopener">2,803 in the first quarter</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40525705/fords-e-transit-van-could-be-its-golden-goose-until-new-evs-start-rolling-out-in-2026" target="_blank" rel="noreferrer noopener">Ford's E-Transit Van Could Be Its Golden Goose Near Term As Blue Oval Pushes Back New EV Launch To 2026</a></li>
</ul>
Photo courtesy: Shutterstock

TSLA

Tesla Engineer Says Enabling Cybertruck Owners To Use Power Outlets Onboard When Supercharging Will Be Difficult: Here's Why

The Notification Letter is only a notification of deficiency, it is not a notice of imminent delisting, and it has no current immediate effect on the listing or trading of the Company&#39;s common shares on Nasdaq.

Reported Friday, ImmunoPrecise Antibodies Receives Nasdaq Deficiency Notification For Falling Below $1.00 Bid Price Threshold

Popular cryptocurrency trader and analyst Michael van de Poppe suggested that Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) compression could be a sign of an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40540245/bitcoin-could-hit-new-all-time-high-in-next-two-weeks-if-this-key-level-breaks-says">impending major breakout</a>.
What Happened: Known for discussing strategies around cryptocurrency portfolios and picking the assets to invest in, Van de Poppe drew attention to Bitcoin&#8217;s sideways movement in a video shared via his official YouTube channel Sunday.
&#8220;Usually when the markets are compressing or when the price is just consolidating and becomes more narrow, that is pretty much the waiting period before the big breakout takes place,&#8221; he predicted.
Van De Poppe added that Bitcoin was struggling to lift to the crucial range low level between $61,000 and $62,000 but the moment it breaks to that level, it will be ready to scale new all-time highs.
On the contrary, if King Crypto fails to retain $56,000 as a crucial support level, it might sink further to the mid $40,000s, invalidating the bullish narrative.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">New Video Update! Date: August 25, 2024 Watch here: <a href="https://t.co/Gik3CO2ngn">https://t.co/Gik3CO2ngn</a> The markets have been doing well, and <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> are starting to bounce upward, but what's next? In my latest video, I'm diving into the most recent news, key upcoming events, some intriguing <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a>…
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1827655910157685230?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40545900/telegram-ceo-pavel-durovs-arrest-has-sent-this-crypto-spiking-by-150-whats-the-link">Telegram CEO Pavel Durov&#8217;s Arrest Has Sent This Crypto Spiking By 150% &#8211; What&#8217;s The Link?</a>
Why It Matters: Van de Poppe&#8217;s forecast came amid BItcoin&#8217;s consolidation over the weekend after the Federal Reserve&#8217;s rate cut signal induced a rally to the high $64,000s on Friday. The apex cryptocurrency <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40545416/bitcoin-ethereum-dogecoin-hold-on-to-gains-made-after-feds-rate-cut-signal-analyst-sees-no">also touched $65,000</a> Sunday evening.
Last week, Bitcoin spot ETFs recorded net inflows exceeding $506 million, a 1453% jump from the previous week, <a href="https://x.com/CryptoMichNL/status/1827655910157685230">according </a>to data from SoSo Value.
In a massive endorsement, legendary investor&nbsp;Bill Miller III&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40543953/despite-market-jitters-investor-bill-miller-stands-firm-on-bitcoin-an-insurance-policy-aga">deemed Bitcoin as one of his best investments</a>. He also called King Crypto an insurance policy against economic turmoil and pandemics.
Price Action: At the time of writing, BTC was exchanging hands at $63,954.04, down 0.39% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
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<iframe loading="lazy" title="Crypto Market Shifts: What&#039;s Next for BTC, ETH and Top Altcoins?" width="500" height="281" src="https://www.youtube.com/embed/voqpcXfH9Xk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40545606/trumps-crypto-project-gets-renamed-to-world-liberty-financial-warns-community-against-fake">Trump&#8217;s Crypto Project Gets Renamed To &#8216;World Liberty Financial,&#8217; Warns Community Against Fake Tokens And Scams</a></li>
</ul>
Photo courtesy: Pixabay

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Markets

$BTC

Bitcoin's Consolidation A Prelude To A Big Breakout, Predicts Popular Crypto Trader: Here's What Next For King Crypto

As part of this alliance, NFES Group has agreed to participate as the lead investor in MOTHER Labs&#39; Series A financing round, which values MOTHER Labs at 9 billion yen on a pre-money basis. The Series A shares will be issued to NFES Group as a third-party allotment.

Reported Friday, MEDIROM MOTHER Labs Partners With NFES Technologies In Capital and Business Alliance

The CIRB has also ordered that no further labour stoppage, including a lockout or strike, can occur during the arbitration process. This means that the strike notice recently issued to CN by the Teamsters is now voided.
CN will comply with the order which also extends the current collective agreement until a new agreement is signed between the parties.

Reported Sunday, CN Complies With CIRB Order For Binding Arbitration, Averting Strike And Ensuring Continuity In Rail Operations

CPKC will fully comply with the CIRB order. As such, CPKC is ending the lockout initiated on&nbsp;Thursday, Aug. 22. CPKC has asked the TCRC for employees to return to work for the day shift on Sunday so that we can get the Canadian economy moving again as quickly as possible and avoid further disruption to supply chains.

Reported Sunday, Canadian Pacific Kansas City Set To Restart Rail Services Across Canada As CIRB Mandates End To Lockout And Return To Work For TCRC Employees

The parties have entered into an equity investment agreement (the &quot;Initial Share Purchase&quot;) as part of a strategic relationship pursuant to which State Street Global Advisors will acquire approximately&nbsp;5 percent&nbsp;of Raiz&#39;s share capital through a placement.
In addition, the strategic relationship will see State Street Global Advisors&#39; trusted brand and deep knowledge of markets come together with Raiz&#39;s mobile-first platform, which helps Australian retail investors with micro-investments primarily in exchange-traded funds (ETF) and model portfolios. Leveraging State Street Global Advisors&#39; international library of resources, insights and trends, Raiz customers will have access to a broader array of financial literacy content and investment education tools.

Reported Sunday, State Street Global Advisors Acquires 5% Stake In Australian Fintech Platform Raiz

<ul>
<li>20 abstracts, including 4 oral presentations, offer new treatment insights for chronic obstructive pulmonary disease (COPD), asthma and chronic rhinosinusitis with nasal polyps (CRSwNP)</li>
<li>Data from landmark Phase 3 trials for Dupixent in COPD reinforce exacerbation reduction and improvement in lung function compared to placebo, and provide new assessments on health-related quality of life across patient subgroups</li>
<li>Additional presentations spotlight a novel asthma imaging study showing the early impact of Dupixent on clinical remission, airway remodeling and mucus plugging starting at 4 weeks, as well as data from investigational therapy itepekimab in former smokers with COPD</li>
</ul>

REGN

Regeneron Highlights Scientific Innovation And Leadership In Respiratory Disease Management At ERS 2024, Featuring Dupixent And Itepekimab

Former Chairman of the Joint Chiefs of Staff Mark Milley and ex-Google CEO Eric Schmidt have expressed concerns about the U.S.&#8217; readiness for future conflicts involving artificial intelligence.
What Happened: The battlefields of Ukraine are showcasing the rapid evolution of warfare, with thousands of drones and artificial intelligence systems being used to identify targets and avoid obstacles. These advancements are allowing Ukrainian forces to effectively strike Russian tanks and aircraft, according to the <a href="https://www.foreignaffairs.com/united-states/ai-america-ready-wars-future-ukraine-israel-mark-milley-eric-schmidt">piece</a> published by Foreign Affairs in early August.
&#8220;Unfortunately, this is a future for which the United States remains unprepared. Its troops are not fully ready to fight in an environment in which they rarely enjoy the element of surprise.&#8221; the piece states. &#8220;Its jets, ships, and tanks are not equipped to defend against an onslaught of drones. The military has not yet embraced artificial intelligence.&#8221;
Beyond Ukraine, new technologies are also transforming conflicts in Myanmar, Sudan, and Gaza. Autonomous drones and AI algorithms are increasingly being used by both insurgents and government forces, highlighting a significant shift in how wars are fought.
In the event of a Chinese amphibious assault, drones could also play a crucial role in Taiwan&#8217;s defense. While a full-scale attack on the island is unlikely in the coming years, Chinese President Xi Jinping has directed his military to be ready for an invasion of Taiwan by 2027.
&#8220;To stop such an attack, Taiwan and its allies would have to strike an enormous number of invading enemy assault craft within a very short time window,&#8221; the authors wrote. 
The article suggests that the U.S. should consider purchasing from a broader range of companies than it traditionally does. In 2022, Lockheed Martin Corp., RTX Corp., General Dynamics Corp., Boeing Co., and Northrop Grumman Corp. accounted for over 30% of all Defense Department contract funds, while new weapons manufacturers received very little.
See Also: <a href="https://www.benzinga.com/news/24/08/40543847/nate-silver-sees-convention-bounce-nearly-doubling-kamala-harris-lead-vs-donald-trump-heres-why-he-e?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nate Silver Sees Convention Bounce Nearly Doubling Kamala Harris&#8217; Lead Vs. Donald Trump: Here&#8217;s Why He Expects Vice President&#8217;s Lead To Increase Further</a>
The authors argue that the U.S. military is not adequately prepared for these changes. They emphasize the need for the Pentagon to embrace AI and develop new strategies to counter drone attacks and other technological threats. The article stresses that without significant reforms, the U.S. risks losing its military edge.
In conclusion, Milley and Schmidt call for a comprehensive overhaul of the U.S. armed forces, including new procurement processes, better training for soldiers in AI and drone operations, and a more flexible command structure to adapt to the fast-paced nature of modern warfare.
&#8220;The United States must change and adapt, as well, and American officials must do so faster than their country's adversaries. Washington won't get it exactly right—but it must get it less wrong than its enemies,&#8221; the authors wrote. 
Why It Matters: The concerns raised by Milley and Schmidt echo sentiments expressed by other experts. For instance, Marietje Schaake, International Policy Director at Stanford University&#8217;s Cyber Policy Center, has criticized Western governments for neglecting the <a href="https://www.benzinga.com/news/24/04/38522041/expert-slams-western-governments-for-missing-out-on-ai-in-war-have-let-the-deftech-sector-escape-the">governance of military AI use</a>, despite the establishment of AI Safety Institutes in countries like the U.S., U.K., Japan, and Canada. Schaake highlighted the absence of oversight in military applications of AI, raising safety concerns.
Additionally, Palantir Technologies Inc. has seen a significant rise in its stock following its involvement in the U.S. Army's Titan program, which focuses on <a href="https://www.benzinga.com/markets/equities/24/03/37527513/ai-is-changing-the-face-of-warfare-says-palantir-cto-after-stock-gains-over-9-on-us-army-contrac">AI-enabled vehicles</a>. Palantir's CTO, Shyam Sankar, emphasized that AI is fundamentally transforming warfare.
Amid these concerns, President Joe Biden has also taken steps to bolster the U.S.&#8217;s position in the <a href="https://www.benzinga.com/23/06/33044940/biden-takes-another-step-in-artificial-intelligence-war-with-china-as-ai-frenzy-continues">AI race against China</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40541951/mary-trump-offers-debate-strategy-for-kamala-harris-let-people-see-what-a-petty-small-insecure-weak?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mary Trump Offers Debate Strategy For Kamala Harris: Let People &#8216;See What A Petty, Small, Insecure, Weak Man Donald Trump Really Is&#8217;</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image generated using Midjourney

Global

Ex-General Chief Mark Milley And Former Google CEO Eric Schmidt Warn US Is 'Unprepared' For AI Warfare Against China And Russia

Telegram-linked blockchain project The Open Network (TON) expressed solidarity with Pavel Durov <a href="https://www.benzinga.com/news/24/08/40542542/elon-musk-reacts-as-telegram-founder-gets-arrested-in-france-reportedly-faces-20-years-in-prison-on">following his arrest</a> by French authorities over the weekend. 
What Happened: In a show of defiance, TON updated their logo and profile pictures on their official social channels to Resistance Dog &#8211; a global symbol for the fight against censorship and freedom through digital resistance.
The movement was started by Durov himself to safeguard data privacy and ensure Telegram users&#8217; freedom of speech.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Join the <a href="https://twitter.com/hashtag/DigitalResistance?src=hash&amp;ref_src=twsrc%5Etfw">#DigitalResistance</a>, <a href="https://twitter.com/hashtag/FREEDUROV?src=hash&amp;ref_src=twsrc%5Etfw">#FREEDUROV</a> with <a href="https://twitter.com/ton_society?ref_src=twsrc%5Etfw">@ton_society</a>. Activate the Resistance Pack: 1&#xFE0F;&#x20E3;Share the post below using <a href="https://twitter.com/hashtag/FREEDUROV?src=hash&amp;ref_src=twsrc%5Etfw">#FREEDUROV</a> Hashtag 2&#xFE0F;&#x20E3;Put &#x1f193;emoji in username 3&#xFE0F;&#x20E3;Change avatar to Resistance Dog <a href="https://t.co/Hn7LGBPMfA">https://t.co/Hn7LGBPMfA</a>
&mdash; TON &#x1f48e; (@ton_blockchain) <a href="https://twitter.com/ton_blockchain/status/1827754726819352935?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
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Interestingly, a memecoin, Resistance Dog (CRYPTO: REDO), which pays homage to this movement, shot up by 150% in the last 24 hours, <a href="https://www.coingecko.com/en/coins/resistance-dog">according </a>to CoinGecko.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40515026/donald-trump-launches-crypto-platform-the-defiant-ones-to-challenge-traditional-banking-sy">Donald Trump Launches Crypto Platform &#8216;The DeFiant Ones&#8217; To Challenge Traditional Banking Systems</a>
Why It Matters: REDO's dramatic spike coincided with Toncoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TON</a>) sharp decline. 
TON, which is deeply integrated with the Telegram messaging platform, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40542711/telegram-ceo-arrest-in-france-sends-toncoin-ton-plummeting-by-over-20-elon-musk-calls-for-">plummeted by more than 20%</a> after Durov was arrested in France, wiping out nearly $3 billion of the cryptocurrency's market capitalization has been wiped out in this period.
However, over the last seven days, Toncoin is down 14.80%.
Durov, a Russian-French billionaire, was <a href="https://www.benzinga.com/news/24/08/40542542/elon-musk-reacts-as-telegram-founder-gets-arrested-in-france-reportedly-faces-20-years-in-prison-on">apprehended on Saturday evening </a>while traveling on his private jet. The arrest is linked to an ongoing police investigation in France, which is reportedly focused on the lack of moderators on Telegram, allowing criminal activity to persist on the platform.
Price Action: At the time of writing, TON was exchanging hands at $5.80, up 0.58% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40545146/telegram-founder-pavel-durovs-arrest-in-france-sparks-reactions-from-ethereum-creator-vita">Telegram Founder Pavel Durov&#8217;s Arrest In France Sparks Reactions From Ethereum Creator Vitalik Buterin And Tron Founder Justin Sun</a></li>
</ul>
Photo courtesy: Shutterstock

$TON

Telegram CEO Pavel Durov's Arrest Has Sent This Crypto Spiking By 150% - What's The Link?

A rare but deadly mosquito-borne virus has prompted nearly a dozen Massachusetts communities to impose nighttime curfews and other restrictions.
What Happened: Massachusetts health officials confirmed the state&#8217;s first human case of eastern equine encephalitis (EEE) this year. The patient, a man in his 80s, was exposed in Worcester County. Some communities are now at high or critical risk, the health agency <a href="https://www.mass.gov/news/state-officials-announce-plans-to-spray-for-mosquitoes-in-sections-of-worcester-and-plymouth-counties-due-to-eee">announced</a> on Saturday.
Plymouth, located about 40 miles south of Boston, has <a href="https://www.plymouth-ma.gov/CivicAlerts.aspx?AID=194">closed</a> all public parks and fields from dusk until dawn. 
"We have not seen an outbreak of EEE for four years in Massachusetts," said Robbie Goldstein, commissioner of the state's Department of Public Health. "We need to use all our available tools to reduce risk and protect our communities. We are asking everyone to do their part."
EEE is transmitted through mosquito bites and is rare but severe. About 30% of those infected die, and many survivors suffer ongoing neurological problems, <a href="https://www.cdc.gov/eastern-equine-encephalitis/about/index.html">according</a> to the Centers for Disease Control and Prevention.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40536603/can-thc-turn-back-the-clock-cannabis-reverses-brain-aging-boosts-mental-capacity-new-study-sugge?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">THC Reverses Aging, Boosts Mental Capacity, New Study Suggests</a>
Massachusetts health officials plan mosquito spraying between dusk and dawn in Plymouth and Worcester counties this week to curb the virus&#8217;s spread. Residents are advised to use mosquito repellents, drain standing water, wear protective clothing, and avoid outdoor activities during peak mosquito hours.
Symptoms of EEE include fever, headache, vomiting, diarrhea, seizures, behavioral changes, and drowsiness. There are no vaccines or specific treatments for the virus.
Why It Matters: The outbreak of EEE in Massachusetts highlights the ongoing global struggle against mosquito-borne diseases. Bill Gates emphasized the importance of <a href="https://www.benzinga.com/news/23/02/30972995/bill-gates-says-killing-this-insect-can-save-400-000-lives-a-year">tackling mosquito populations</a>, which are responsible for millions of deaths annually due to diseases like malaria and dengue. Gates has been vocal about the need for innovative solutions to combat these deadly insects.
In 2022, Gates discussed a project in Medellín, Colombia, where scientists are <a href="https://www.benzinga.com/news/22/08/28509105/bill-gates-shares-plan-to-tackle-the-worlds-deadliest-animal-1">breeding mosquitoes to outsmart</a> the &#8220;world&#8217;s deadliest animal.&#8221; The initiative involves releasing sterile male mosquitoes to reduce populations.
Additionally, the recent dengue crisis in Brazil, exacerbated by urbanization and climate change, underscores the need for effective mosquito control. Forrest Innovations has been working on a solution that involves releasing sterile male mosquitoes to <a href="https://www.benzinga.com/partner/general/24/06/39311025/forrest-innovations-seeks-project-financing-to-combat-dengue-crisis-in-brazil">curb the spread of dengue</a>. 
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<li><a href="https://www.benzinga.com/news/24/08/40533244/why-is-diagnostic-tests-provider-applied-dna-sciences-stock-trading-higher-on-friday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Why Is Diagnostic Tests Provider Applied DNA Sciences Stock Trading Higher On Friday?</a></li>
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Image via Pexels
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Health Care

Massachusetts Enforces Nighttime Curfews Amid Outbreak of Rare, Deadly Mosquito Virus

Former President Donald Trump&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40515026/donald-trump-launches-crypto-platform-the-defiant-ones-to-challenge-traditional-banking-sy">cryptocurrency project</a> has warned against falling prey to scams and fake tokens linked to its upcoming decentralized finance (DeFi)-based banking venture.
What Happened: On Sunday, a message on the official Telegram channel of the hotly anticipated cryptocurrency project warned against engaging with tokens claiming to be associated with &#8220;The DeFiant Ones&#8221; or &#8220;World Liberty.&#8221;
The team behind the project reiterated that all official information would only be posted on the channel by trusted people. team. &#8220;If it's not from us, it's not real,&#8221; the message read.
Simultaneously, the official channel&#8217;s name was changed from &#8220;The DeFiant Ones&#8221; to &#8220;World Liberty Financial.&#8221; As of this writing, the channel had nearly 45,000 subscribers.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s time to make finance great again! <a href="https://twitter.com/hashtag/BeDefiant?src=hash&amp;ref_src=twsrc%5Etfw">#BeDefiant</a> <a href="https://t.co/G71aIJScrB">pic.twitter.com/G71aIJScrB</a>
&mdash; WLFI (@worldlibertyfi) <a href="https://twitter.com/worldlibertyfi/status/1827815360357179513?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40525348/shiba-inus-burn-rate-rockets-1-198-higher-as-28m-shib-are-incinerated-current-swing-has-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40533508/powells-rate-cut-signal-sparks-crypto-optimism-experts-eye-potential-bitcoin-rally?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Powell&#8217;s Rate Cut Signal Sparks Crypto Optimism: Experts Eye Potential Bitcoin Rally</a>
Why It Matters: The warning came in the wake of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40515026/donald-trump-launches-crypto-platform-the-defiant-ones-to-challenge-traditional-banking-sy">announcement of a new DeFi platform</a> by former President Trump, speculations around which have run high due to <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40231081/donald-trump-jr-and-eric-trump-tease-defi-project-with-bedefiant-hashtag">aggressive promotions</a> by his sons, Donald Trump Jr. and Eric Trump.
The platform, aimed at challenging traditional banking systems, was announced to his 7.5 million followers on Truth Social.
The cryptocurrency project, which would be part of the family-owned conglomerate, The Trump Organization, was earlier referred to as <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40386524/eric-trump-teases-upcoming-crypto-based-initiative-surrounding-digital-real-estate-itll-sh">&#8220;digital real estate&#8221; by Eric Trump</a>.
Price Action: As of this writing, Trump-themed Maga (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) was exchanging hands at $3.91, up 0.75% in the last 24 hours. The PolitiFi token surged 42% over the past week.
Did You Know?&nbsp;
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock<a href="https://benzinga.com/apis" target="_blank" rel="noreferrer noopener"></a>

Politics

$TRUMP

Trump's Crypto Project Gets Renamed To 'World Liberty Financial,' Warns Community Against Fake Tokens And Scams

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reportedly decided to discontinue its development of a headset that was intended to rival Apple Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://www.benzinga.com/topic/vision-pro">Vision Pro</a>.
What Happened: The project, internally dubbed La Jolla, was part of Meta&#8217;s four-year strategy for virtual and mixed-reality headsets. The development of La Jolla, which began in November 2023, was abruptly canceled in mid-August 2024, AppleInsider <a href="https://appleinsider.com/articles/24/08/24/meta-cancels-its-headset-rival-to-apple-vision-pro">reported</a> on Saturday.
The decision to abandon the project was made during a product review meeting attended by Meta&#8217;s CEO Mark Zuckerberg and Chief Technology Officer Andrew Bosworth, according to a <a href="https://www.theinformation.com/articles/meta-cancels-high-end-mixed-reality-headset">report</a> by The Information. Bosworth later commented on Threads, stating that many prototypes are in development at all times, but not all make it to production.
&#8220;Decisions like this happen all the time, and stories based on chatter about one individual decision will never give the real picture,&#8221; said Bosworth.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="916" height="283" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/25230911/Andrew-Bosworth-Meta-headset.jpg" alt="" class="wp-image-512600" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/25230911/Andrew-Bosworth-Meta-headset.jpg 916w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/25230911/Andrew-Bosworth-Meta-headset-300x93.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/25230911/Andrew-Bosworth-Meta-headset-768x237.jpg 768w" sizes="(max-width: 916px) 100vw, 916px" /><figcaption class="wp-element-caption">Screenshot of Andrew Bosworth&#8217;s post on Threads</figcaption></figure>
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While the exact reasons for the cancellation are not known, it is speculated that cost issues may have played a part. According to the report, Meta was focused on keeping the cost of the La Jolla headset under $1,000, a target that proved unachievable.
Despite the project&#8217;s cancellation, sources within Meta suggest that the La Jolla headset could be revived in the future, and technology developed for it may be used in other products, according to the report.
Meta did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s</a> request for comment.
See Also: <a href="https://www.benzinga.com/news/24/08/40522136/amazon-delivery-drivers-now-classified-as-employees-by-federal-regulator-union-says-won-a-monumental?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Delivery Drivers Now Classified As Employees By Federal Regulator: Union Says &#8216;Won A Monumental Determination&#8217;</a>
Why It Matters: Earlier in the year, Zuckerberg had expressed skepticism about <a href="https://www.benzinga.com/news/24/04/38424000/mark-zuckerberg-shades-apple-vision-pro-once-again-calls-it-fashionable-ai-glasses-without-a-display">the mainstream success</a> of augmented reality (AR) glasses, particularly those without "full holographic displays,&#8221; in a subtle jab at Apple Vision Pro.
Furthermore, Meta&#8217;s CTO Bosworth had also <a href="https://www.benzinga.com/general/entertainment/24/02/37175237/metas-tech-chief-echoes-zuckerbergs-review-of-apple-vision-pro-says-way-too-much-weight-dis">joined the chorus</a>, highlighting several issues with Apple Vision Pro, essentially dismissing the reports about Cupertino&#8217;s first-generation mixed-reality headset being technologically superior.
Meanwhile, Apple&#8217;s Vision Pro is reportedly struggling to find its &#8216;killer app&#8217; to justify <a href="https://www.benzinga.com/news/24/07/39747111/apples-vision-pro-struggles-to-find-its-killer-app-to-justify-3-500-price-tag-just-not-quite-hit-the">its $3,500 price tag</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/08/40540460/chatgpt-maker-openai-taps-former-meta-exec-to-drive-strategy-amid-growing-exodus?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">ChatGPT-Maker OpenAI Taps Former Meta Exec To Drive Strategy Amid Growing Exodus</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

AAPL

Meta's Apple Vision Pro Rival Reportedly Canceled After A Review Meeting Between Mark Zuckerberg, CTO Andrew Bosworth, And Others: 'Decisions Like This Happen All The Time…'

Edward Snowden, the well-known National Security Agency whistleblower has criticized the arrest of Telegram founder and CEO Pavel Durov, calling it a violation of human rights. He accused French President Emmanuel Macron of &#8220;taking hostages&#8221; to access private communications. Snowden expressed his dismay on X.
What Happened: Snowden had a strong reaction to Durov&#8217;s arrest. He said, &#8220;The arrest of @Durov is an assault on the basic human rights of speech and association.&#8221;
&#8220;I am surprised and deeply saddened that Macron has descended to the level of taking hostages as a means for gaining access to private communications.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The arrest of <a href="https://twitter.com/durov?ref_src=twsrc%5Etfw">@Durov</a> is an assault on the basic human rights of speech and association. I am surprised and deeply saddened that Macron has descended to the level of taking hostages as a means for gaining access to private communications. It lowers not only France, but the world.
&mdash; Edward Snowden (@Snowden) <a href="https://twitter.com/Snowden/status/1827695836832334169?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/08/40541978/trump-vs-harris-kamala-harris-takes-8-point-lead-in-new-poll-with-race-and-gender-shaping-voter-pref?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Harris: Kamala Harris Takes 8-Point Lead In New Poll, With Race And Gender Shaping Voter Preferences</a>
Telegram also responded, emphasizing its compliance with EU laws, including the Digital Services Act. &#8220;Telegram abides by EU laws, including the Digital Services Act — its moderation is within industry standards and constantly improving,&#8221; the company said in a post on X.
Telegram added, &#8220;Telegram&#8217;s CEO Pavel Durov has nothing to hide and travels frequently in Europe.&#8221; They called the claims against Durov and the platform &#8220;absurd&#8221; and highlighted that nearly a billion users globally rely on Telegram for communication and vital information.
Telegram concluded by expressing hope for a swift resolution, stating, &#8220;We're awaiting a prompt resolution of this situation. Telegram is with you all.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x2696;&#xFE0F; Telegram abides by EU laws, including the Digital Services Act — its moderation is within industry standards and constantly improving. &#x2708;&#xFE0F; Telegram&#39;s CEO Pavel Durov has nothing to hide and travels frequently in Europe. &#x1f635;&#x200d;&#x1f4ab; It is absurd to claim that a platform or its owner…
&mdash; Telegram Messenger (@telegram) <a href="https://twitter.com/telegram/status/1827787345367834772?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The arrest of Durov has sparked significant <a href="https://www.benzinga.com/news/24/08/40542542/elon-musk-reacts-as-telegram-founder-gets-arrested-in-france-reportedly-faces-20-years-in-prison-on">reactions from prominent figures</a> in the tech industry. Elon Musk expressed shock at the arrest, suggesting it symbolizes extreme regulation and censorship in Europe. Musk wrote X, &#8220;POV: It&#8217;s 2030 in Europe and you&#8217;re being executed for liking a meme.&#8221;
Earlier this year, Durov <a href="https://www.benzinga.com/news/24/06/39185340/elon-musk-had-one-word-reaction-after-telegram-chief-praised-billionaire-on-tucker-carlson-show-for">praised Musk&#8217;s acquisition of Twitter</a>, now rebranded as X, for its apparent shift towards promoting freedom of speech. This praise was highlighted during an interview with Tucker Carlson, where Durov stated, &#8220;I think it's a great development,&#8221; to which Musk responded by saying &#8220;Cool.&#8221;
Additionally, Musk humorously responded to <a href="https://www.benzinga.com/news/24/07/40034466/elon-musk-jokes-about-telegram-ceos-claim-of-100-biological-children-says-genghis-khan-would-have-sc">Durov&#8217;s claim of having over 100 biological children</a>, comparing him to Genghis Khan. Musk&#8217;s light-hearted comment, &#8220;Rookie numbers lmao,&#8221; was in response to Durov&#8217;s claim of fathering children through sperm donation in 12 different countries.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/08/40533087/if-warren-buffetts-son-didnt-sell-his-90k-berkshire-hathaway-inheritance-47-years-ago-to-buy-time-he?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If Warren Buffett&#8217;s Son Didn&#8217;t Sell His 90K Berkshire Hathaway Inheritance 47 Years Ago To &#8216;Buy Time,&#8217; He Would Have This Much Today</a></li>
</ul>
Photo courtesy: Wikimedia Commons
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Snowden Says Telegram Founder's Arrest Is An 'Assault' On Basic Human Rights, Accuses French President Macron Of 'Taking Hostages' To Access Private Communications

Leading cryptocurrencies consolidated over the weekend after the Federal Reserve's dovish signal spurred a rally.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 9:15 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.16%</td>
<td>$64,196.74</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.22%</td>
<td>$2,755.76</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.35%</td>
<td>$0.1104</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin briefly hit $65,000 Sunday before relegating to the $64,000 region, where it fluctuated for most of the weekend. Ethereum also pulled back from $2,790 to settle around $2.750.&nbsp;
The total cryptocurrency liquidations hit $74.33 million in the last 24 hours, with long liquidations accounting for $48.22 million.
Bitcoin's Open Interest remained flat, rising just 0.18% in the last 24 hours
The Cryptocurrency Fear &amp; Greed Index flashed "Greed" as of this writing, reflecting a marked improvement from last week&#8217;s &#8220;Fear&#8221; sentiment.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:15 p.m. EDT)</td>
</tr>
<tr>
<td>Artificial SuperIntelligence Alliance (FET)</td>
<td>+8.65%</td>
<td>$1.36</td>
</tr>
<tr>
<td>Bittensor (TAO)</td>
<td>+4.97%</td>
<td>$351.85</td>
</tr>
<tr>
<td>Sei (SEI)</td>
<td>+4.89%</td>
<td>$0.3548</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market stood at $2.25 trillion, following a marginal drop of 0.63% in the last 24 hours.
Stock futures were broadly flat Sunday evening. The Dow Jones Industrial Average Futures gained 0.04% as of 9 p.m. EDT. Futures tied to the S&amp;P 500 added 0.08%, while Nasdaq 100 Futures ticked 0.15% higher.
The market was upbeat after Fed Chair Jerome Powell <a href="https://www.benzinga.com/government/24/08/40532173/powell-removes-any-uncertainty-around-september-rate-cuts-in-jackson-hole-speech-economists">delivered a clear message about lowering interest rates</a> next month.&nbsp;
According to the CME FedWatch tool, investors have <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">priced </a>in a 61% chance of the central bank cutting rates to 5%–5.25%, down from the current 5.25%–5.5%.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely-followed cryptocurrency trader Poseidon stated that their bias would remain bullish as long as Bitcoin stays above $60,000.
"I don&#8217;t see any significant resistance until we reach $85,000," the trader remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Daily As I expected, the price bottomed in the daily demand zone at $57k. We&#39;ve also broken out above the daily EMA21 and the 5-month range low. I don&#39;t see any significant resistance until we reach $85k. As long as we hold above $60k, my bias remains bullish. <a href="https://t.co/2jEQifLIY8">https://t.co/2jEQifLIY8</a> <a href="https://t.co/vNPhmNMifh">pic.twitter.com/vNPhmNMifh</a>
&mdash; Poseidon (@CryptoPoseidonn) <a href="https://twitter.com/CryptoPoseidonn/status/1827785986530594899?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
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Prominent cryptocurrency analyst Rekt Capital drew attention to the historical post-halving price trajectory of Bitcoin, based on which they projected the leading cryptocurrency's breakout from the ongoing consolidation phase by late September.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin has been consolidating for almost 6 months But this current ReAccumulation Range isn&#39;t even the longest one in this cycle From formation to breakout, the 2023 ReAccumulation lasted longer at 224 days If history were to repeat, then Bitcoin would breakout in… <a href="https://t.co/nbVk8hAzj2">https://t.co/nbVk8hAzj2</a> <a href="https://t.co/FCaantr3zX">pic.twitter.com/FCaantr3zX</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1827829530528280773?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40545146/telegram-founder-pavel-durovs-arrest-in-france-sparks-reactions-from-ethereum-creator-vita">Telegram Founder Pavel Durov&#8217;s Arrest In France Sparks Reactions From Ethereum Creator Vitalik Buterin And Tron Founder Justin Sun</a></li>
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Bitcoin, Ethereum, Dogecoin Hold On To Gains Made After Fed's Rate Cut Signal: Analyst Sees No 'Significant' Resistance For King Crypto Until $85K

Mark Cuban has called on Elon Musk to share the source code of the algorithm that decides how <a href="https://www.benzinga.com/topic/x">posts are surfaced</a> on X, aiming to gather user feedback before its implementation.
What Happened: Cuban, the billionaire entrepreneur and &#8220;Shark Tank&#8221; star, has publicly requested X Corp. owner Musk to share the algorithm source code for the upcoming update on X.
Cuban&#8217;s request came in response to a post by Musk, who mentioned that they are working on promoting more engaging content from smaller X accounts. Musk stated, &#8220;Our current algorithm shows too much from accounts that are big already.&#8221;
Cuban suggested that sharing the details on how the algorithm will determine &#8220;Reputation, Relevancy, and Similarity&#8221; would allow users to offer general feedback. He added, &#8220;Unless of course you want to define it by yourself, which is of course your right.&#8221;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> Can you post the expected algorithm source code, before you implement them ? So users can give feedback ? Or at least details on how you will determine Reputation, Relevancy and Similarity ? Again, so users can offer general feedback ? Unless of course you want to… <a href="https://t.co/MVKZdLKsOG">https://t.co/MVKZdLKsOG</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1827736722035163627?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/08/40543436/boston-dynamics-atlas-teslas-ai-edge-amazons-q-ai-assistant-and-more-this-week-in-artificial-intelli?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Boston Dynamics&#8217; Atlas, Tesla&#8217;s AI Edge, Amazon&#8217;s Q AI Assistant, And More: This Week In Artificial Intelligence</a>
Why It Matters: Cuban has previously highlighted the significant impact of social media algorithms on society. In an appearance on the Lex Fridman podcast in June, Cuban emphasized that &#8220;the person who controls the algorithm controls the world,&#8221; stressing the <a href="https://www.benzinga.com/personal-finance/24/06/39459056/mark-cuban-says-the-person-who-controls-the-algorithm-controls-the-world-heres-the-biggest-probl">importance of transparency in these systems</a>.
Musk has also been vocal about the importance of <a href="https://www.benzinga.com/news/24/03/37582116/elon-musk-says-xai-will-open-source-grok-throws-shade-at-openai-by-calling-it-a-lie">open-source models</a>. In March, he announced that his AI startup, xAI, would open-source the code for its AI chatbot Grok, criticizing OpenAI for not being transparent.
This move aligns with his recent support for open-source AI models, as <a href="https://www.benzinga.com/news/24/07/39925842/elon-musk-agrees-with-arch-rival-mark-zuckerberg-after-meta-ceo-slams-closed-providers-like-openai-f">seen in his agreement</a> with Meta Platforms Inc. co-founder Mark Zuckerberg against closed-source providers.
Cuban has also sounded alarms about the role of AI algorithms in shaping public opinion, particularly concerning the 2024 election season. He warned that these algorithms could steer the <a href="https://www.benzinga.com/news/24/07/39785373/mark-cuban-sounds-alarm-on-ai-steering-2024-election-season-including-trump-biden-presidential-race">outcome of elections</a> by influencing public perception more than actual events or policies. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40498151/apple-app-store-team-sees-major-shakeup-as-business-head-matt-fischer-heads-for-the-exit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple App Store Team Sees Major Shakeup As Business Head Matt Fischer Heads For The Exit</a></li>
</ul>
Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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