Julian Assange will reportedly address the public soon from the Ecuadorian Embassy in London, perhaps from the balcony Evita-style as he could be arrested if he steps outside the Embassy. The Guardian is running a live blog right now. And, of course, our Kevin Gosztola will have something up shortly.

Interpol still has Assange under a red notice making him susceptible to provisional arrest and extradition:

LYON, France – INTERPOL confirms that its Red Notice, or international wanted persons alert, issued for WikiLeaks founder Julian Assange at Sweden’s request in November 2010 remains valid.

Confirmation that Mr Assange’s Red Notice status remains in force follows Thursday’s decision by authorities in Ecuador to grant asylum to Mr Assange, two months after he took refuge in its London embassy while fighting extradition from the UK to Sweden where authorities want to question him in connection with alleged sexual offences.

A Red Notice status is a request for any country to identify or locate an individual with a view to their provisional arrest and extradition in accordance with the country’s national laws…

Let’s crowdsource this in the comments.