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Telegram CEO facing Russia probe over terrorism-facilitation claims

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Russian authorities have opened a criminal case against Pavel Durov, the co‑founder and chief executive of Telegram, in what state media describe as an investigation into the alleged facilitation of terrorist activities. Rossiyskaya Gazeta, the official government newspaper, reported on February 24, 2026 that the Federal Security Service (FSB) is pursuing the case, with Kremlin spokesperson Dmitry Peskov confirming that the matter rests on materials produced by the FSB as part of its operational duties. The development marks a significant escalation in Russia’s ongoing scrutiny of Telegram, coming as state regulators previously tightened restrictions on the platform in early February. Telegram has not publicly responded to the reports by the time of publication, and attempts by media and Reuters could not secure an immediate comment from the company.

Key takeaways

  • The case centers on allegations that Telegram facilitated terrorist activities, with the FSB providing the core evidentiary basis for investigators.
  • Roskomnadzor, Russia’s communications watchdog, expanded and intensified restrictions on Telegram in early February, signaling a broader push to curb perceived extremist content on the platform.
  • Telegram has reportedly refused to remove material flagged as extremist content, and authorities are considering whether the platform itself could be designated extremist, which would carry additional legal risks for users and the service.
  • Analysts warn that a formal label of extremism could complicate or criminalize certain financial transactions on the platform, including payments for premium services and advertising, if such activity is deemed to facilitate prohibited activity.
  • Pavel Durov argues the pressure is a broader political maneuver aimed at steering users toward a state-backed messenger, MAX, and he has pointed to similar attempts in other countries, including Iran, where authorities have sought to restrict usage while many citizens continue to favor Telegram for privacy and free expression.

Market context: The case in Russia emerges amid a broader global tightening of regulation around encrypted messaging services and online content moderation. Regulators in multiple jurisdictions are weighing how to balance security concerns with privacy and freedom of expression, a dynamic that increasingly intersects with fintech and digital payments as platforms expand into financial services and commerce.

Why it matters

The investigation underscores the vulnerability of large messaging platforms to state demands for content control in environments where authorities maintain broad powers to regulate information flows. For Telegram users in Russia and abroad, the case raises questions about access, censorship, and the potential criminalization of routine platform use in the event of extremism labeling. While Telegram has built a reputation for privacy protections and opposition to state surveillance, governments exploring how to police content on messaging apps could reconfigure the operating risks for the service and its users. The tension also highlights how geopolitical friction can spill over into digital platforms that cross borders, complicating compliance for a service with a global user base.

Beyond the immediate regulatory landscape, the incident feeds into a longer-running debate about how tech platforms should be regulated when they serve as conduits for information, finance, and social organization. Durov’s public comments and the high-profile nature of the investigation may influence both user sentiment and the strategic choices Telegram makes as it navigates competing demands from regulators, advertisers, and users who prize a degree of privacy and uncensored communication. The ongoing scrutiny also has implications for developers, investors, and policymakers who watch how platforms respond to perceived security risks while balancing civil liberties on an increasingly complex digital stage.

From a geopolitical perspective, the Russian case sits at the intersection of domestic policy and international diplomacy. Durov has framed the pressure as part of a broader effort to promote a state-controlled alternative messenger, a theme that has resonances in other jurisdictions where authorities seek to shape the digital communications landscape. While Russia emphasizes extremism and national security, observers note that the outcomes could influence global norms around the governance of encrypted messaging apps, particularly for platforms that operate across a mosaic of regulatory regimes and market priorities.

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What to watch next

  • Any formal public statements from the FSB or Roskomnadzor outlining the charges, evidence, or procedural steps in the case against Durov.
  • Developments in Russia’s regulatory stance toward Telegram, including whether the platform faces further restrictions or a potential extremism designation.
  • Responses from Telegram regarding the investigation, including any new compliance measures or policy changes in Russia or elsewhere.
  • Related legal actions or investigations in other countries, such as France, where Durov has faced inquiries, and any outcomes that could affect cross-border service provisions.
  • Any changes in the global regulatory environment for encrypted messaging services and how those shifts could impact user access and platform opportunities in the crypto and digital payments space.

Sources & verification

  • Rossiyskaya Gazeta report detailing the FSB-led criminal probe and referencing the Kremlin spokesperson’s confirmation.
  • Statement attributed to Dmitry Peskov confirming the investigation and referencing FSB materials.
  • Roskomnadzor’s reported tightening of Telegram restrictions in early February as covered by major Russian tech outlets.
  • Public reporting on Telegram’s response or lack thereof, and coverage of Durov’s broader legal exposure, including investigations abroad.

Russian case against Durov sheds light on Telegram’s regulatory pressure

Russia’s latest move against Telegram places Pavel Durov at the center of a high-stakes intersection between digital freedom, security, and the state’s capacity to police online content. The FSB’s involvement signals a level of scrutiny that goes beyond routine regulatory complaints, elevating the Telegram platform into the realm of criminal investigations when linked to alleged facilitation of extremist activity. Rossiyskaya Gazeta’s reporting on February 24, 2026, describes a case that is being handled with the involvement of the country’s premier security institution, a development that could have lasting implications for both the platform’s operations in Russia and its reputation globally.

The Kremlin’s confirmation, via Dmitry Peskov, that the investigation rests on FSB materials, reinforces the perception that Moscow regards Telegram as a strategic communications channel with potential cross-border impact. While the exact charges remain undisclosed in public materials, the use of criminal procedures in this context signals a hardening stance toward platforms that resist state-directed content moderation. The case aligns with a broader push by Roskomnadzor to tighten the screws on messaging apps, particularly those with robust privacy features and the capacity to host large volumes of user-generated content outside centralized control.

Telegram’s stance has been consistently positioned as a defense of user privacy and a refusal to remove content that authorities deem extremist or harmful. This friction is illustrated by the ongoing tension surrounding content moderation, with Russian regulators insisting on compliance and the platform resisting what it views as overreach. The numbers cited by state-connected outlets—namely, that roughly 155,000 channels, chats, and bots have not been removed in response to local requests—underscore the scale of Telegram’s footprint in Russia and the challenge regulators face in enforcing content rules across a platform that migrates between jurisdictions and languages. The broader implication is that a potential extremism designation could alter Telegram’s business model, affect user access, and complicate any monetization strategy anchored to the platform’s freedom of use.

Industry observers have flagged that the extremism label could carry far-reaching consequences beyond speech restrictions. German Klimenko, a former adviser to the Russian president on internet policy, warned that such a designation could criminalize payments related to Telegram Premium subscriptions and advertising on the platform. This kind of impact would affect not just end users but also service providers and advertisers who rely on Telegram as a channel for outreach and revenue. The possibility of criminal penalties or significant legal exposure for seemingly routine activities signals a broader risk landscape for digital platforms operating in regulated environments where state interests are closely aligned with national security imperatives.

Durov has publicly framed the investigation as part of a broader strategy to push users toward a state-backed messenger known as MAX, a claim that dovetails with his long-standing emphasis on privacy and freedom of expression. He has drawn parallels with other jurisdictions, including Iran, where authorities have attempted to restrict access to messaging apps while users continue to rely on them. In a February post on his Telegram channel, Durov argued that restricting citizens’ freedom is not a legitimate response and reiterated Telegram’s mission to defend privacy and speech rights in the face of pressure. This framing places Telegram’s predicament within a broader debate about how states balance security concerns with civil liberties in the digital era.

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The legal and political dynamics surrounding Durov’s case extend beyond Russia’s borders. Durov’s international exposure—captured in ongoing inquiries abroad and previously including an arrest in France in 2024 and a travel ban that was lifted in 2025—illustrates how actions in one jurisdiction can resonate across multiple regulatory environments. The French developments, though not resolved in the public sphere at the time, emphasize that Telegram’s legal and regulatory challenges are not confined to a single country. As regulators and lawmakers reassess the balance between security, privacy, and platform openness, Telegram’s approach to compliance and user protection will likely shape the trajectory of encrypted messaging apps in the coming years. In the Russian context, the FSB-backed investigation remains a focal point for observers seeking to gauge how far the state will go in policing online communications and what this means for services that operate globally but must navigate local laws.

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Coinbase Stablecoin Revenue Hits $1.35B: Bloomberg Sees 7x Growth Potential

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Coinbase Stablecoin Revenue Hits $1.35B: Bloomberg Sees 7x Growth Potential

Bloomberg Intelligence forecasts that Coinbase’s stablecoin revenue could jump sevenfold from its current $1.35 billion annual run rate.

Analysts point to a structural shift where stablecoins move beyond crypto trading collateral to become a primary rail for mainstream global payments.

Key Takeaways

  • Coinbase generated approximately $1.35 billion in stablecoin revenue last year, accounting for 19% of its total income.
  • Bloomberg Intelligence projects a potential 7x surge in this figure as regulatory frameworks drive payment adoption.
  • The expansion hinges on the codified GENIUS Act, merchant integration via Stripe, and volume growth on the Base network.

Why Bloomberg Sees a Sevenfold Surge in Coinbase Stablecoin Revenue

Bloomberg Intelligence analysts, including Paul Gulberg, argue that the market is underestimating the utility phase of the stablecoin lifecycle.

While Coinbase reported $1.35 billion in stablecoin revenue for 2025, roughly 19% of its total top line, Bloomberg models suggest this figure is merely a baseline.

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The forecast arrives despite Coinbase noting a net loss of $667 million in Q4 2025. The exchange’s revenue share agreement with Circle, the issuer of USDC, remains a bright spot, generating $364 million in the fourth quarter alone.

Bloomberg’s 7x multiple assumes that as interest rates stabilize, the sheer velocity of payment transactions will eclipse interest income as the primary revenue driver.

This thesis aligns with broader market data showing stablecoin transaction volumes hitting $33 trillion in 2025.

With USDC accounting for $18.3 trillion of that flow, the asset has already begun to decouple from pure crypto trading volumes.

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The scale is big enough that the traditional finance sector can no longer ignore the fee generation potential.

Discover: The best Solana meme coins

How the GENIUS Act Is Accelerating Stablecoin Mainstream Adoption

The regulatory landscape shifted dramatically with the signing of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in July 2025.

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By creating a federal regime for payment stablecoins, the legislation provided the legal certainty required for large-scale institutional participation.

The Act explicitly bars issuers like Circle from paying interest to holders, a move backed by the banking lobby to protect traditional deposits.

While the regulatory framework for digital assets remains complex, the GENIUS Act has effectively greenlit stablecoins for commercial usage.

This clarity allows Coinbase to market USDC settlements to Fortune 500 companies without the overhang of legal ambiguity that plagued the sector in previous years.

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Stripe Integration and Base Network Expansion Drive Payment Ambitions

Operational catalysts are already live, fueling the Bloomberg projection. The integration of USDC into Stripe’s global payment rails has reopened crypto acceptance for millions of merchants, creating a direct funnel for transaction volume.

Simultaneously, Coinbase’s own Layer-2 blockchain, the Base network, is lowering the barrier to entry for micro-transactions.

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Much like other scaling solutions, the Base network reduces gas fees to fractions of a cent, making dollar-denominated transfers economically viable for daily coffee purchases.

High-throughput networks are critical here, as the Bitcoin Lightning Network demonstrated with its $1 billion monthly volume milestones, low-fee environments rapidly attract payment liquidity.

By routing these payments through Base, Coinbase captures value twice: once through the underlying sequencer fees and again through its revenue share on the growing supply of USDC required to service this commerce.

Discover: The top crypto for portfolio diversification

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What a 7x Revenue Jump Would Mean for the Stablecoin Market

If Bloomberg’s 7x scenario plays out, stablecoin revenue would arguably become Coinbase’s most valuable business line, overshadowing its volatile trading fees.

This shift would fundamentally re-rate the stock, moving it from a cyclical crypto exchange play to a steady fintech payments processor. However, risks remain substantial.

The banking lobby is currently pushing the CLARITY Act in the Senate to close loopholes that allow exchanges like Coinbase to pass rewards to customers.

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If new language bars these rewards, consumer adoption could slow.

Analysts at Monness Crespi maintain a sell rating, warning that optimistic projections effectively ignore the political target painted on stablecoin yields.

So, for Bloomberg’s 7x to be possible, Coinbase must defend its rewards program while successfully migrating user activity from holding USDC to spending it.

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$80 Floor fails, whales track this new crypto protocol

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$80 Floor fails, whales track this new crypto protocol

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Solana slides below key levels as investors shift focus to emerging DeFi protocol Mutuum Finance.

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Summary

  • Mutuum Finance rolls out dual P2C and P2P lending model with automated APY and LTV risk controls.
  • V1 launches on Sepolia testnet, letting users trial WBTC, ETH, USDT, and LINK lending before mainnet.
  • Health factor scoring, mtTokens, and real-time dashboards are powering Mutuum’s collateralized DeFi lending system.

Solana (SOL) is facing a difficult period as its price drops below key levels. The popular altcoin recently failed to hold its ground, causing a shift in market sentiment. 

While many traders watch the charts with concern, a new crypto protocol, Mutuum Finance (MUTM), is gaining attention. Many large investors are now exploring this project as they look for fresh utility in the decentralized finance space.

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Solana

Solana is currently trading at approximately $79, with its total market capitalization sitting near $45 billion. The critical $80 support level recently failed due to institutional sell-offs and global economic uncertainty. 

This breakdown has led many analysts to predict a further slide toward the $67 range as long as buyers do not return quickly. Most investors now expect a period of consolidation as the network waits for a potential recovery in broader market confidence.

Despite the current price volatility, Solana continues to show significant resilience and remains a top-tier Layer-1 asset. On-chain data reveals that large wallet addresses, often called whales, have actually increased their holdings by over 2% in the last week, suggesting that major players are accumulating during this dip. 

Furthermore, the ecosystem is preparing for the “Alpenglow” upgrade in early 2026, which aims to provide near-instant transaction finality and improve network stability. This combination of strong institutional interest in spot ETFs and ongoing technical improvements helps maintain long-term optimism even while the short-term market remains volatile.

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Mutuum Finance

As the market searches for stability, Mutuum Finance is preparing a new decentralized lending platform. The project is developing a dual-market system that includes Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending. 

According to the official project whitepaper, these markets aim to use automated mechanisms like Annual Percentage Yield (APY) and Loan-to-Value (LTV) ratios to manage rewards and risks. This setup would allow users to lend their assets for interest or borrow against them without needing a bank.

V1 protocol launch and features

The Mutuum Finance V1 protocol is now live on the Sepolia testnet. This allows users to test the system in a risk-free environment before the official mainnet launch. The platform supports major assets like WBTC, USDT, ETH, and LINK. 

When users supply funds, they receive mtTokens as interest-bearing receipts. These tokens grow in value automatically as borrowers pay back their loans with interest. If users choose to borrow, they receive debt tokens to track their total balance including interest.

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The entire system uses a health factor to ensure every loan stays stable and safe. This score tells users exactly how much collateral they have compared to their debt. Users can monitor their positions through a dedicated portfolio dashboard with real-time data. The dashboard also shows how pool usage affects interest rates as they change based on demand. 

To ensure all asset valuations remain accurate, the protocol integrates decentralized oracles like Chainlink. These oracles provide real-time price feeds that prevent data manipulation and ensure that liquidation triggers are always fair and precise.

Why whales are tracking MUTM

Large-scale investors are moving toward Mutuum Finance as Solana’s momentum slows. The MUTM token is currently in the sale phase at a price of $0.04, having already raised over $20.6 million. With a growing base of 19,000 holders, the project has built strong community trust. This confidence is supported by a manual security audit from Halborn, which verified the safety of the protocol code.

Mutuum Finance offers a clear roadmap and a working protocol on testnet that proves its technology is unfolding. By combining high security with a transparent pricing structure, the project provides a steady alternative when navigating the current volatility of the crypto market.

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Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Smarter Web Secures $30M Bitcoin Credit from Coinbase

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Smarter Web Secures $30M Bitcoin Credit from Coinbase

United Kingdom-listed Bitcoin treasury firm The Smarter Web Company has secured a $30 million Bitcoin-backed credit facility from Coinbase Credit. The facility is secured against Bitcoin held in custody with Coinbase. 

The company said Tuesday the facility is designed to help it deploy capital into Bitcoin (BTC) immediately after equity raises, reducing settlement timing risk during volatile markets. Smarter Web said it does not intend to use the facility as long-term debt to finance Bitcoin purchases.

Smarter Web is listed on the London Stock Exchange’s Main Market and also trades on the OTCQB Venture Market in the United States. The company describes Bitcoin as a core component of its treasury strategy and has previously said it aims to expand its digital asset holdings.

The move comes as digital asset treasuries (DATs) recorded billions in net inflows from late 2025 through January 2026 before cooling in February.

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Digital asset treasury monthly inflow data. Source: DefiLlama

Data from DefiLlama shows DAT inflows reached $4 billion in December and $3.7 billion in January, before totalling just $363 million through Feb. 24. 

While inflows remain positive in early 2026, February totals are tracking well below late-2025 peaks.

Smarter Web’s Bitcoin treasury holdings 

According to data from BitcoinTreasuries.net, Smarter Web holds 2,689 Bitcoin, acquired at an average acquisition cost of $112,865 per coin.

At current prices, the company’s holdings are valued at roughly $170 million, reflecting an unrealized loss of about 44% based on the reported cost basis.

On Sept. 12, 2025, Smarter Web reported holding 2,470 BTC and described itself as the UK’s largest corporate Bitcoin holder at the time.

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The company also signaled interest in acquiring competitors to expand its treasury and said it aspired to join the FTSE 100 index. 

The latest tracker data suggests the company continued accumulating since then.

Smarter Web’s new facility would allow it to borrow against existing Bitcoin holdings to move more quickly following equity raises, then repay once fundraising proceeds settle.

Related: Top crypto treasury companies Strategy and Bitmine add to BTC, ETH stacks

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Diverging corporate Bitcoin strategies

Smarter Web’s move comes as public companies take varied approaches to managing Bitcoin exposure.

On Monday, Strategy added 592 BTC to its balance sheet, bringing its total holdings to 717,722 BTC and marking its 100th BTC purchase since 2020.

By contrast, Bitdeer announced on Saturday that it had liquidated its entire Bitcoin treasury, reducing corporate holdings to zero while raising capital through a convertible debt offering.