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Showing posts with the label TON

Ethena Deploys Stablecoin USDe on TON for Telegram Users

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Ethena Deploys Stablecoin USDe on TON for Telegram Users Decentralized banking platform Ethena has announced a strategic agreement with The Open Network (TON) to roll out its stablecoins to Telegram's worldwide user base of over one billion, marking a major step toward the mainstream acceptance of stablecoins. The partnership, which was announced on May 1 at Token2049 in Dubai, allows Ethena's USDe, a stablecoin linked to the US dollar, and its yield-bearing Staked USDe (sUSDe) to be natively ... cryptonews

Ton Open Interest Surges 67% as Pavel Durov Departs France

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Ton Open Interest Surges 67% as Pavel Durov Departs France Following news of Telegram founder Pavel Durov's departure from France, Toncoin's open interest (OI) has increased 67% in the last day to $169 million. According to reports, Durov, who had been ordered to stay in the nation for the previous seven months following his arrest, was given permission to visit Dubai, a country that has no extradition arrangements with many other nations. Open Interest in Ton Reaches Its Highest Level in Forty-... Coinatory news

Telegram’s Pavel Durov Leaves France; Toncoin Rallies

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Telegram’s Pavel Durov Leaves France; Toncoin Rallies After months of detention connected to an ongoing criminal investigation, Telegram creator Pavel Durov, a multibillionaire, has been given temporary permission to depart France for Dubai. Agence France-Presse (AFP) broke the story first, and the cryptocurrency market responded right away. The digital asset linked to Telegram Open Network (TON), Toncoin (TON), saw a 15% increase in trade volume after the announcement. At $3.34, the currency is... Telegram’s Pavel Durov Leaves France; Toncoin Rallies Coinatory

TON Blockchain Powers Telegram Mini-Apps in Exclusive Partnership

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TON Blockchain Powers Telegram Mini-Apps in Exclusive Partnership By declaring that the TON blockchain will only support Telegram's mini-app ecosystem, the Open Network Foundation (TON Foundation) has strengthened its alliance with Telegram. Unveiled on January 21, this milestone highlights TON's increasing importance as a blockchain solution for Telegram's large user base. Switch by February 2025 to TON By February 21, 2025, Telegram's mini-apps that are now running on other blockchains have to switch to T... TON Blockchain Powers Telegram Mini-Apps in Exclusive Partnership

Bybit Launches TON Staking with Tonstakers Support

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Bybit Launches TON Staking with Tonstakers Support To improve staking chances for its users, cryptocurrency exchange Bybit has announced its integration with Tonstakers, a top liquid staking system on the TON blockchain. This change is consistent with Bybit's December 27 news that Tonstakers are now supported in its Web3 wallet. In a major step toward growing its decentralized finance (DeFi) ecosystem, Bybit's Web3 Wallet has integrated Tonstakers, allowing users to engage in Toncoin (TON) st... Bybit Launches TON Staking with Tonstakers Support Coinatory

TON Blockchain Experiences Sharp Decline in Daily Active Users

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TON Blockchain Experiences Sharp Decline in Daily Active Users The Open Network (TON) blockchain has recorded a substantial drop in daily active users, according to on-chain data from analytics provider IntoTheBlock. A chart shared on social media platform X by the on-chain metrics firm reveals a sharp decline in TON’s daily user activity over recent weeks. During this period, Toncoin, the native token of the Telegram-backed layer-1 blockchain, has also faced challenges in gaining upward momentum. In ... Coinatory crypto news

Curve Finance and TON Partner to Advance Stablecoin Trading

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Curve Finance and TON Partner to Advance Stablecoin Trading Curve Finance and the TON Foundation have launched a joint hackathon to accelerate the development of their Stable Swap Project on the TON blockchain. The decentralized exchange (DEX) and TON Foundation announced the collaboration to enhance stablecoin trading using Curve’s constant-function market maker (CFMM) technology, which optimizes swap processes and supports yield-bearing token exchanges. The hackathon, running until October 17, will ... Coinatory crypto news

RedStone Introduces First Price Oracles to TON Blockchain

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RedStone Introduces First Price Oracles to TON Blockchain Blockchain innovator RedStone has successfully integrated its oracle solution into The Open Network (TON), marking a pivotal development with the introduction of the first-ever price feeds on the blockchain. This move is expected to enhance TON's decentralized finance (DeFi) ecosystem by providing real-time, gas-efficient data solutions. Toncoin, the native cryptocurrency of TON, saw a 4.18% uptick following the announcement, signaling market... cryptocurrency news

UTONIC Protocol Secures $100M TVL, Advancing TON’s First Restaking Solution

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UTONIC Protocol Secures $100M TVL, Advancing TON’s First Restaking Solution UTONIC Protocol, a pioneering restaking solution built on The Open Network (TON), has successfully locked in $100 million in total value locked (TVL), marking a significant milestone for the network. This influx of capital comes from a diverse pool of investors, validators, and institutions, positioning UTONIC as a key player in the TON ecosystem. Backed by leading figures in the cryptocurrency restaking space, UTONIC offers a dynamic marketp... cryptocurrency news

Toncoin Open Interest Jumps 32% Amid Pavel Durov’s Arrest

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Toncoin Open Interest Jumps 32% Amid Pavel Durov’s Arrest Toncoin (TON), the native cryptocurrency of The Open Network, experienced a significant price drop following the arrest of Pavel Durov, CEO of Telegram. In response, futures traders seized the opportunity, leading to a 32% surge in open interest. This increase reflects a heightened level of activity and speculation on the future price movements of TON. Pavel Durov, the prominent figure behind Telegram and The Open Network, was detained on Aug... Coinatory

TON and Telegram Aim for 500 Million Web3 Users by 2028

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TON and Telegram Aim for 500 Million Web3 Users by 2028 Bybit, the second-largest cryptocurrency exchange by trading volume, has released a report underscoring the advancements of The Open Network (TON) in its strategic collaboration with Telegram. According to a press release obtained by crypto.news, the partnership aims to onboard up to 500 million users to Web3 by 2028. By leveraging Telegram’s substantial user base of nearly one billion, TON plans to integrate decentralized applications directly ... cryptocurrency news today

TON Society Introduces TON Nest Program to Empower Early Blockchain Developers

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TON Society Introduces TON Nest Program to Empower Early Blockchain Developers TON, the blockchain network integral to the Web3 ecosystem on Telegram, has launched a new initiative designed to bolster emerging projects. Known as TON Nest, this program is part of TON Society's broader efforts to accelerate the growth of the TON ecosystem. Toncoin, the native cryptocurrency used for governance, staking, and transaction fees within the TON blockchain, continues to drive this rapidly expanding network. TON is among the fast... cryptocurrency news

Cryptocurrencies Surge as U.S. Inflation Data Spurs Rate Cut Speculation

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Cryptocurrencies Surge as U.S. Inflation Data Spurs Rate Cut Speculation Annual consumer prices in the U.S. eased in July, fueling optimism that the Federal Reserve may initiate interest rate cuts at its upcoming September meeting. This economic backdrop provided a bullish momentum for both cryptocurrencies and U.S. equities, with THORChain (RUNE) leading the charge, gaining 12% on August 14. Toncoin (TON), Notcoin (NOT), and Celestia (TIA) also posted significant gains, with each token rising over 10% during the day... cryptonews today

Hamster Kombat Allocates 60% of HMSTR Tokens to Players

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Hamster Kombat Allocates 60% of HMSTR Tokens to Players Hamster Kombat, a popular Telegram-based mini-game, has unveiled a revised whitepaper, clarifying the allocation plan for its much-anticipated airdrop amid rumors of potential delays. The new document specifies that 60% of the total HMSTR token supply will be distributed to the game's users, while the remaining 40% is designated for partnerships, ecosystem grants, market liquidity, and other strategic initiatives. While the precise criteria f... cryptonews today

Telegram Unveils Mini App Store to Boost Blockchain Engagement

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Telegram Unveils Mini App Store to Boost Blockchain Engagement Telegram CEO Pavel Durov has unveiled plans to introduce a mini app store aimed at accelerating blockchain adoption and related activities. This announcement, made via his Telegram channel, underscores the platform's substantial growth in blockchain-related endeavors throughout 2024. The mini app store forms a key part of Telegram’s strategy to become a leader in the rapidly expanding blockchain industry. Telegram Tap-to-Earn Phenomenon Te... cryptonews

TON Foundation Unveils Trustless Bitcoin Bridge TON Teleport

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TON Foundation Unveils Trustless Bitcoin Bridge TON Teleport The Telegram-based TON Foundation has unveiled a new infrastructure initiative designed to tap into Bitcoin’s blockchain, aiming to expand BTC’s utility within its ecosystem. Dubbed TON Teleport BTC, this innovative feature by The Open Network (TON) Foundation creates a bridge between Bitcoin (BTC) and TON, unlocking greater interoperability for decentralized applications built on the Telegram-focused chain. Historically, most blockchains ... Coinatory

Gram cryptocurrency valued at $29.5 billion

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According to the estimates of HASH Crypto Investment Bank, the value of the future Telegram cryptocurrency may reach $29.5 billion by the end of 2019. According to the report of HASH Crypto Investment Bank, the target cost of Gram cryptocurrency by the end of 2019 is estimated at $5.9 per one token. At this price, the capitalization of the entire cryptocurrency should be $29.5 billion. In addition, the cost of $5.9 Telegram indicated in one of the latest notes for investors, which was provided in January at the @TGram channel. It should be noted that the assessment of the Gram token of $5.9 is conditional. HASH CIB senior analyst Rustam Botashev clarified: “HASH CIB offers its own assessment methodology, emphasizing that the value o ... Read more about " Gram cryptocurrency valued at $29.5 billion " on coinatory.com

TON to be launched this fall

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The developers claim that the Telegram Open Network is 70% complete. Pavel Durov raised $1.7 billion for this project. As noted earlier, on TON platform, transaction processing speed should be much higher than on other platforms. It is planned that according to this indicator the platform will surpass the blockchain network on Bitcoin and Ethereum. And will compete in the speed of operations with Visa and MasterCard. You can make purchases on the platform using your own Telegram - Gram cryptocurrency. Recall that  Pavel Durov d ... Read more about " TON to be launched this fall " on coinatory.com

Telegram can defend the right to issue a Gram token

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Telegram Group Inc., owned by Pavel Durov, is suing Lantah LLC from Florida (USA) because of the rights to the Gram trademark, under which the latter announced the release of the cryptocurrency. Telegram still has a chance to defend its rights to issue a token under this name. Finally, the decision on Telegram"s application for the Gram and Grams signs will be made no earlier than August 28. Recall, the company of Pavel Durov filed an application for the registration of the trademark Gram in the register of trademarks of the European ... Read more about " Telegram can defend the right to issue a Gram token " on coinatory.com