Leowrld|base.eth⚡ (leowrld)

Ex-head of Thodex dies in Turkish prison: suicide suspected Faruk Fatih Özer, who ran the crypto exchange Thodex before its 2021 collapse, was found dead in Tekirdağ Prison, TRT reported. Investigators believe it may have been a suicide. Özer was serving an 11,196-year sentence for large-scale fraud. Investor losses totaled roughly $2.6 billion (Chainalysis).

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🎙 Business clash between Elon Musk and Pavel Durov just escalated. At Blockchain Life 2025 in Dubai, Telegram’s founder briefly mentioned Telegram Gifts before unveiling Cocoon, a decentralized network for running AI models with full privacy protection. After failed talks with xAI and Grok, Durov seems to have chosen to build his own path. He believes Telegram is the best platform for mini apps and decentralized AI, capable of serving over one billion users.

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$USDC Circle, the company behind USDC, has launched the public testnet for its payments-oriented blockchain, Arc, with partners such as BlackRock, Visa, HSBC, AWS, and Anthropic already involved. Arc is designed to facilitate real-world financial transactions onchain, offering USD-denominated fees, sub-second settlement, and optional privacy features. Circle also stated that it intends to progressively decentralize Arc by expanding validator participation and governance over time.

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💵#Crypto BitMine Chairman Tom Lee suggested that the recent downturn in the crypto market may stem from one or more market makers facing a gap in their balance sheets, creating an opportunity for “sharks” to force liquidations and drive Bitcoin’s price lower. He stressed that this volatility is only temporary and does not change Wall Street’s broader momentum toward an ETH supercycle. Lee also cautioned traders against using leverage in the current climate and predicted that the market may start to recover in roughly 6–8 weeks, after Thanksgiving.

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