In recent crypto news, Telegram founder Pavel Durov updated the public on his ongoing legal battle with the French government, criticizing the investigation initiated against him for alleged criminal activities conducted by Telegram users. Durov argues that his detention was unjust and that the authorities have failed to substantiate their claims over the past year. Furthermore, Ethereum-based gaming network Xai has filed a lawsuit against Elon Musk’s AI firm xAI for trademark infringement, asserting that it has caused confusion and harmed its brand. The complaint highlights Xai's need for court intervention to rectify the situation. In another development, the firm Santiment warned that the increasing social media chatter regarding the US Federal Reserve's interest rate decisions could pose a risk for the crypto market. The firm noted a correlation between heightened public discussion around bullish trends and potential market euphoria, suggesting caution amidst ongoing optimism for rate cuts fueling market rally.

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