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Author: Preston Byrne, Partner at Byrne & Storm Law Firm; Translation: 0xjs@Golden Finance On August 24th, Pavel Durov, the founder of the popular messaging app Telegram, was arrested when his private plane landed in France. Early signs indicate that this arrest stems from Telegram's alleged failure to comply with French requirements for content moderation and data disclosure: Some legal background Most globally influential social media companies based outside of China have their headquarters in the United States. This is not accidental. In the late 1990s, the United States (wisely) took policy measures to minimize the responsibility of network service operators, the most notable of which is the "Communications Decency Act"

This week's Web3 gaming industry dynamics include a crypto game developer receiving investment from a well-known trading platform, FIFA collaborating with Mythical Games to launch a blockchain soccer game, and KGeN completing a $10 million financing. In terms of data, Moonveil and Wild Forest performed excellently in the new player and active player rankings.

Merkle Tree reserve proofs were introduced in crypto asset exchanges to rebuild user confidence and increase asset transparency. Although there are issues such as front-end fraud, audit credibility, and limitations, the combination of its dynamic deterrent mechanism and third-party audits helps enhance industry oversight, promote decentralization, and drive the standardized development of the industry.

NFT Trading volume on CryptoPunks' NFT collection last week totaled >$24.6 million, the highest weekly total since March 2024. It is also a 416% increase from the previous week.

Crypto Assets enter the real estate market: opportunities and risks coexist The U.S. mortgage financing sector is undergoing a significant transformation. Recently, relevant authorities announced that when assessing the repayment ability of homebuyers, investments in Crypto Assets will be included in the overall wealth consideration. This decision signifies that digital currency is gradually integrating into the mainstream financial system. The policy change means that homebuyers no longer need to sell their Crypto Assets to obtain cash when applying for a mortgage. This move has been welcomed by the Crypto Assets market and its supporters, but it has also raised concerns among some consumer rights advocates. They believe that linking such a volatile and relatively lightly regulated investment asset to the housing market could pose potential risks. As home sales stagnate, the influence of Crypto Assets in the housing market is increasing. Some innovative companies have begun to launch financial products that combine Crypto Assets with real estate. For example, there are companies