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The crypto market has been highly volatile recently. Here’s a brief summary of the latest developments. ✊
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TON Network:🤑 sTONks has introduced a new method of launching tokens on the TON network. The implemented TAX system allows the collected fees to be distributed between profits for holders and funds for the marketing wallet, which supports the token's development.
🤑 TON was recently listed on Binance, the world’s largest cryptocurrency exchange,
🤑 Pavel Durov, the co-founder and CEO of Telegram and the TON Network, was arrested in France,
🤑 He was released after two days upon posting bail, but he is currently prohibited from leaving France.
🤑 The crypto community is rallying behind Durov, sending donations, creating meme coins, and criticizing France on social media for suppressing free speech,
🤑 Countries like the UAE and Russia have expressed strong support for Durov, contacting France to challenge his detention,
🤑 Tokens like REDO, PLANE, and FREEDUROV on the TON network are soaring due to the massive wave of posts about TON and Pavel Durov,
🤑 The launch of the DOGS project on the TON network drastically increased traffic, halting block production for 5 hours and leading to a network reset,
🤑 The number of active addresses on the TON network surpassed those on ETH and BTC.
The TON network is increasingly becoming a topic of discussion in the crypto community⚡️
Crypto World:🫨 El Salvador has proposed settling transactions with Russia using cryptocurrencies,
🫨 Hong Kong introduced spot ETFs for ETH and BTC, marking a significant development in the crypto market,
🫨 Whales and investment funds are buying up BTC en masse during every major price drop,
🫨 The long-standing legal battle involving XRP concluded in favor of the cryptocurrency,
🫨 Russia legalized cryptocurrency mining,
🫨 The Binance app is back on the Play Store and App Store in India,
🫨 Ethereum gas prices are at record lows, sometimes as low as a few cents per transaction,
🫨 McDonald's Instagram account was hacked and used to promote a crypto scam.
🫨 Binance founder CZ was released from custody,
🫨 The past few weeks have been turbulent, but behind the scenes, there are many bullish signals,
🫨 Big players continue to bet on and accumulate crypto while others are fearful,
🫨 It's impossible to ignore the massive adoption of BTC globally among institutions.
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As the saying goes:💡
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"Buy when everyone is selling, sell when everyone is buying."
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