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TON surges 24% as Telegram founder Pavel Durov returns home to Dubai amid ongoing investigation

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While the crypto markets continued to take a beating over the weekend, one coin is actually gaining ground. TON, which is associated with messaging app Bitcoin stayed flat.

“As you may have heard, I’ve returned to Dubai after spending several months in France due to an investigation related to the activity of criminals on Telegram,” Durov wrote on Telegram. “The process is ongoing, it feels great to be home.”

Durov will be required to return to France by Apr. 7. 

Telegram began to develop TON—also known as The Open Network—in 2017, to allow its rapidly growing user base to quickly process transactions in the app using blockchain technology. It is now an integral part of the platform, used to pay for games, advertisements and transaction fees. It has amassed a market cap of over $8 billion. 

Telegram and alleged criminal activities

Durov had been banned from leaving France since August after he was arrested near Paris last year.  

Telegram has attracted nearly one billion global users since it was founded in 2013 through its emphasis on privacy and security. It was the company’s policy to not comply with government requests for user information until September when Durov reversed this policy in the wake of his arrest. French authorities say the app has been used for the distribution of child sexual abuse material, drug trafficking, fraud and other criminal activities. 

Telegram previously said it was “absurd” to hold Durov responsible for criminal activities that occur on Telegram in a X post following his arrest. “It is absurd to claim that a platform or its owner are responsible for abuse of that platform,” the company wrote, adding that its moderation practices are “within industry standards and constantly improving.” The company did not immediately respond to Fortune‘s request for comment.

Durov’s arrest prompted backlash from the likes of Ethereum founder Vitalik Buterin and U.S. whistleblower Edward Snowden, who said the move was a politically-motivated attack on freedom of speech. 

Durov has maintained his innocence throughout the investigation, writing on Telegram on Monday: “When it comes to moderation, cooperation, and fighting crime, for years Telegram not only met but exceeded its legal obligations.”

This story was originally featured on Fortune.com



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Researchers may have found a drug that could delay Alzheimer’s symptoms. It’s funding is caught up in Trump administration delays

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An experimental treatment appears to delay Alzheimer’s symptoms in some people genetically destined to get the disease in their 40s or 50s, according to new findings from ongoing research now caught up in Trump administration funding delays.

The early results—a scientific first—were published Wednesday even as study participants worried that politics could cut their access to a possible lifeline.

“It’s still a study but it has given me an extension to my life that I never banked on having,” said Jake Heinrichs of New York City.

Now 50, Heinrichs has been treated in that study for more than a decade and remains symptom-free despite inheriting an Alzheimer’s-causing gene that killed his father and brother around the same age.

If blocked funding stops Heinrichs’ doses, “how much time do we have?” asked his wife, Rachel Chavkin. “This trial is life.”

Two drugs sold in the U.S. can modestly slow worsening of early-stage Alzheimer’s by clearing the brain of one of its hallmarks, a sticky gunk called amyloid. But until now, there haven’t been hints that removing amyloid far earlier—many years before the first symptoms appear—just might postpone the disease.

The research led by Washington University in St. Louis involves families that pass down rare gene mutations almost guaranteeing they’ll develop symptoms at the same age their affected relatives did – information that helps scientists tell if treatments are having any effect.

The new findings center on a subset of 22 participants who received amyloid-removing drugs the longest, on average eight years. Long-term amyloid removal cut in half their risk of symptom onset, researchers reported Wednesday in the journal Lancet Neurology.

Despite the study’s small size, “it’s incredibly important,” said Northwestern University neuroscientist David Gate, who wasn’t involved with the research.

Now participants have been switched from an earlier experimental drug to Leqembi, an IV treatment approved in the U.S., to try to answer the obvious next question.

“What we want to determine over the next five years is how strong is the protection,” said Washington University’s Dr. Randall Bateman, who directs the Dominantly Inherited Alzheimer’s Network of studies involving families with these rare genes. “Will they ever get the symptoms of Alzheimer’s disease if we keep treating them?”

Here’s the worry: Bateman raised money to start that confirmatory study while seeking National Institutes of Health funding for the full project but his grant has been delayed as required reviews were canceled. It’s one example of how millions of dollars in research have been stalled as NIH grapples with funding restrictions and mass firings.

At the same time researchers wonder if NIH will shift focus away from amyloid research after comments by Dr. Jay Bhattacharya, nominated as the agency’s new director.

“One of the reasons I think that we have not made progress in Alzheimer’s, as much as we ought to have, is because the NIH has not supported a sufficiently wide range of hypotheses,” Bhattacharya told senators, responding to one who brought up an example of earlier science misconduct unrelated to current research.

Scientists don’t know exactly what causes Alzheimer’s, a mind-destroying disease that affects nearly 7 million Americans, mostly late in life. What’s clear is that silent changes occur in the brain at least two decades before the first symptoms — and that sticky amyloid is a major contributor. At some point amyloid buildup appears to trigger a protein named tau to begin killing neurons, which drives cognitive decline.

Tau-fighting drugs now are being tested. Researchers also are studying other factors including inflammation, the brain’s immune cells and certain viruses.

NIH’s focus expanded as researchers found more potential culprits. In 2013, NIH’s National Institute on Aging funded 14 trials of possible Alzheimer’s drugs, over a third targeting amyloid. By last fall, there were 68 drug trials and about 18% targeted amyloid.

Northwestern’s Gate counts himself among scientists who “think amyloid isn’t everything,” but said nothing has invalidated the amyloid hypothesis. He recently used brain tissue preserved from an old amyloid study to learn how immune cells called microglia can clear those plaques and then switch to helping the brain heal, possible clues for improving today’s modest therapies.

For now, amyloid clearly is implicated somehow and families with Alzheimer’s-causing genes are helping answer a critical question for anyone at risk: Can blocking amyloid buildup really stave off symptoms? Without NIH funding, Bateman said, that opportunity will be lost.

“It’s absolutely insane,” said longtime study participant June Ward, who lives near Asheville, North Carolina, and plans to ask friends to complain to lawmakers.

Ward turns 64 in June and is healthy, two years older than when her mother’s symptoms appeared. “It is exciting to think about the possibility that Alzheimer’s disease might not be what gets me,” she said.

In New York, Heinrichs said he has hope that his 3-year-old son won’t “experience the stress and sorrow that I lived through as a young man to watch my father fade away.”

“We need the NIH to be not politicized,” added Chavkin, his wife. “It’s just about keeping people alive or helping them live better. And in this case, it’s helping my husband survive.”

For more on Alzheimer’s:

This story was originally featured on Fortune.com



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Tesla mega-bull Dan Ives warns ‘the clock struck midnight’ for Elon Musk as he begs CEO to step back from DOGE

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  • Investors’ patience in Tesla has run out, Wedbush Securities analyst and longtime Tesla supporter Dan Ives argues. Musk’s continued role in the Trump administration has led protestors to vandalize or return their Teslas, and meanwhile led investors to believe the CEO is distracted and uncommitted to the EV-maker’s brand improvement.

One of Tesla’ biggest champions has doubled down on his wake-up call to Elon Musk, calling on the CEO to return to the helm of the limping EV-maker.

Dan Ives, managing director at Wedbush Securities and a longtime Tesla mega-bull, continued his warnings to Musk from last week, saying in a Wednesday note that the limited brand damage Tesla has experienced to date has now escalated into “a brand tornado crisis moment for Musk and Tesla.”

“The clock struck midnight,” Ives told Fortune. “Investor frustrations boiled over, and the more Tesla becomes a political symbol, the worse it is to the brand and the stock.” 

The so-called vortex picked up speed earlier this month, when Tesla recorded its worst single-day sell off, losing $127 billion in market value. Beyond facing stiff competition from China, where EV-makers boast more affordable cars, faster charging, and more impressive automated driving, Tesla has also been battered by criticism of Musk’s heavy involvement in President Donald Trump’s administration. Musk’s role in the government has, at best, alienated potential customers and, at worst, sparked fervent protests, with some vandalizing cars and setting charging stations aflame.

In a show of solidarity with Musk, Trump promised to buy a Tesla and held an event featuring the cars on the White House lawn. Ives called this “great political theater,” but also a double-edged sword. “It does not resolve the current brand/demand problem for Musk and Tesla,” he said in his note to investors, “and in some ways makes it more of a political lightning rod issue for Tesla.”

After Musk told Fox News his plans to work with the Trump administration for another year, despite admitting he’s running his swath of companies—from Tesla to X—“with great difficulty,” Ives gave Tesla some rare “tough love.” He called on the CEO to return to the helm of his company, lest a contained brand setback became a free fall.

Tesla did not respond to Fortune’s request for comment.

Avoiding ‘permanent brand damage’

Since Ives’ initial plea, Tesla’s fortunes have not reversed, leading the analyst to continue to petition Musk to change the company’s course. In the past five days, Tesla stock has continued to slump about 4.5%. 

The cycle of Tesla woes followed by support from the Trump administration continued anew this week: The EV-maker agreed to recall all 46,100 of its Cybertrucks over concerns of glue becoming brittle and potentially causing the car’s stainless steel panels to fall off. Commerce secretary Howard Lutnick came to Musk’s aid, urging Americans in a Wednesday Fox News interview to scoop up Tesla stock, as “it will never be this cheap again.”

While longtime investor Ross Gerber urged Musk to either step up or step away and find a different “suitable CEO” to run the company, Ives stopped short of calling for a changing of the guard at Tesla. Instead, Ives believes Tesla’s brand is inextricable from Musk. He proposed Musk take a step back from DOGE to resume his leadership role at Tesla in earnest. The CEO will need to prove he can produce lower-cost vehicles and deliver on years-in-the-making self–driving technology.

“If he does this, the heat from Musk around DOGE will start to dissipate among most of the critics and this will leave a scar for Tesla,” Ives said, “but not permanent brand damage.”

Ives maintained Tesla’s “outperform” stock rating, estimating the car maker’s stock to double its worth over the next 12 months to $550, but said the company’s future rests on Musk’s shoulders alone.

“Let’s call it like it is: Tesla is going through a crisis and there is one person who can fix it,” Ives said. “Musk.”

This story was originally featured on Fortune.com



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Netflix is making a Willy Wonka reality/competition show

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  • Netflix is launching a competition show based on Charlie and the Chocolate Factory. A search for contestants is underway. Netflix bought the Roald Dahl Story Company four years ago.

Four years after acquiring the Roald Dahl Story Company, Netflix is opening up the Chocolate Factory.

The streaming service on Thursday announced it would launch a new competition series called The Golden Ticket, produced by the same company behind shows like The Mole. The call is underway now for contestants. Netflix did not give an anticipated premiere date.

The reality/competition show will loosely follow the events of Dahl’s Charlie and the Chocolate Factory, which has been cinematically adapted several times, most famously starring Gene Wilder.

“We are thrilled to bring the magic of The Chocolate Factory to life like never before,” said Jeff Gaspin, vice president of unscripted at Netflix, in a statement. “This one-of-a-kind reality competition blends adventure, strategy, and social dynamics, creating an experience that is as captivating as it is unpredictable.”

To be a part of the show, you’ll have to be 18 or older and a U.S. resident. Click here to apply.

Details of the gameplay were kept under wraps, but players will seemingly compete to find a golden ticket, which grants them entry into the factory. Once there, however, Netflix says only those who “adapt, strategize, and withstand the unknown will make it through” the games, puzzles, tests and “temptations.”

Netflix acquired the Roald Dahl Story Company in 2021, three years after the two initially partnered together. At the time, Netflix said it was working with director Taika Waititi on a series based on the world of Charlie and the Chocolate Factory and a musical version of Dahl’s Matilda. Matilda: The Musical released in 2022, but the Waititi project has so far failed to materialize.

The competition show is the latest in a series of program expansions for the streaming network, which also has been increasing its live sports programming.

This story was originally featured on Fortune.com



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