Russian authorities claim the Telegram messenger refused to remove 155,000 channels flagged for illegal content, according to multiple media reports. Update (Feb. 24, 7:40 pm UTC): This article has been updated to include Pavel Durov’s statement. Russian authorities have opened a criminal investigation into Telegram co-founder and CEO Pavel Durov, according to state media reports. Durov is being investigated in Russia as part of a criminal case involving allegations of facilitation of terrorist activities, official state publication Rossiyskaya Gazeta reported on Tuesday, citing the Federal Security Service (FSB). Read more
Hashgraph Group has launched a blockchain-based supply-chain traceability solution ahead of the EU’s Digital Product Passport requirements, some of which take effect beginning in 2027. Update Feb. 24, 1:28 pm UTC: This article has been updated to include a comment from a spokesperson for the Hashgraph Group. The Hashgraph Group, a Swiss technology company building on the Hedera network, launched TrackTrace, a platform designed to help companies prepare for upcoming European Union product-compliance requirements tied to digital product passports. TrackTrace is designed to improve supply-chain visibility by tracking goods and recording product data, including emissions-related information, in a way that can be used for compliance reporting and authenticity checks, the company said in a Tuesday announcement. Read more
The equity offering builds on Backpack’s token announcement earlier this month, in which the first 62.5% of tokens will be distributed to users. Crypto trading platform Backpack Exchange on Monday announced that stakers of its forthcoming Backpack token will be able to earn equity in the exchange, as the company moves toward a potential initial public offering. “Users that stake the Backpack token for at least a year will have the opportunity to exchange those tokens for equity at a fixed ratio — 20% of the company today,” said Backpack CEO and founder Armani Ferrante in a post to X on Monday. 20% of Backpack equity given to users who stake for a year. Don't just use the next big thing. Own it. pic.twitter.com/whdGUQ0XyH Read more
The spot Bitcoin ETFs recorded four straight months of outflows, with hodlings down 85,000 BTC since October 2025. Is slowing institutional demand the death knell for BTC price? Spot Bitcoin exchange-traded funds (ETFs) are on track to post a fourth consecutive month of net outflows as Bitcoin (BTC) approaches a fifth negative monthly close in February. The slowdown is visible across the shrinking fund balances and the bearish rolling net flow data, especially when measured against competing asset ETFs. With Bitcoin price and the spot ETF holdings trending lower since October, investors are searching for answers on what the future may hold for BTC. Net assets held in US spot Bitcoin ETFs peaked near $170 billion in October 2025 and now stand at $84.3 billion. The cumulative net inflows have fallen to roughly $54 billion from the $63 billion all-time high. Since July 2025, cumulative net flows have totaled just $5 billion, underscoring the sharp drop in capital inflows. Read more