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The TON ecosystem is arguably the biggest breakthrough of the crypto industry in 2024, becoming one of the best-known blockchains. Within the year, it has seen massive growth in several metrics, such as trading volume and the total value locked (TVL). Moreover, TON has established a formidable user base, tapping from Telegram’s massive 900 million users.  Going back in time, the TON Network has faced major extinction struggles, especially with its legal troubles in 2020. After a revival in 2022, 2024 has been a fantastic year for the TON Network, reaching $773 million TVL in July. This article provides a…

Oct 4 (Reuters) – Coinbase (COIN.O) opens in a new tab Crypto exchange said on Friday it would open certain stablecoins in the European Economic Area as the industry prepares for increased regulation in the region. announced that it would be delisted by the end of the year.The European Union’s landmark cryptocurrency regulatory framework, known as the Markets in Cryptocurrency (MiCA) Regulation, introduced in early 2023, is expected to be fully applied by December.It requires issuers of stablecoins (cryptotokens whose monetary value is pegged to stable assets to protect against wild fluctuations) to meet strict transparency, liquidity, and consumer protection…

Tether, the operator of the world’s largest cryptocurrency pegged to the US dollar, is confident in its relationship with the US government, in part due to its large holdings in US government bonds, which are used to back the USDt stablecoin. are.As Tether celebrates its 10th anniversary, Cointelegraph spoke to CEO Paolo Ardoino about what makes Tether a major player in the crypto industry.During the discussion, Ardoino welcomed competition in the stablecoin market, emphasized Tether’s focus on developing countries, and emphasized Tether’s strong ties with the United States.A brief history of Tether USDtTether’s USDt (USDT) was originally named Realcoin by…

Dogecoin price recently gave up on a breakout after the entire crypto market crashed due to uncertainty from the Middle East conflict. Other altcoins, including DOGE, are also rising as Bitcoin price shows a gradual recovery to $61,200. However, on-chain indicators suggest that Dogecoin price is on track for a 12% decline. Dogecoin price is rising despite negative on-chain indicators A look at Dogecoin’s on-chain metrics shows that the altcoin is struggling to survive. According to Santiment data, the divergence between prices and DAAs (Daily Active Addresses) has fallen to a three-month low of -66%. The divergence between price and…

Traders work on the floor of the New York Stock Exchange during afternoon trading on October 3, 2024 in New York City.Michael M. Santiago | Getty ImagesThis report is from today’s international market newsletter CNBC Daily Open. The CNBC Daily Open provides investors with everything they need to know, no matter where they are. Is it what you see? You can subscribe here.What you need to know todaysluggish marketUS markets were weak on Thursday. The S&P 500 and Dow Jones Industrial Average fell, but the Nasdaq Composite was almost flat. Asia-Pacific stocks were mixed on Friday. Hong Kong’s Hang Seng…

Grayscale is investing once again in the cryptocurrency industry with the launch of Grayscale Aave Trust, a new fund that offers accredited investors the opportunity to gain exposure to the AAVE governance token. The trust is powered by the Aave platform, which aims to transform decentralized finance. Let’s find out more below. Grayscale introduces new Aave Trust fund for accredited crypto investors Grayscale Investments, one of the leading asset management companies in the cryptocurrency sector, has announced the launch of a new fund aimed at providing investors with exposure to the Aave Governance Token (AAVE). The new product, called Grayscale…

A surge in high-volume trades and an increase in FX net flows indicate an increasing lack of confidence Traders holding long positions are suffering heavy losses and their profits are being wiped out Dogecoin (DOGE) has struggled to maintain bullish momentum in the market, with the memecoin quickly losing this month’s gains. In fact, the weekly and daily price of the altcoin fell by 9.63% and 2.54% respectively, reducing the monthly increase to just 4.95%. Too. However, recent trends suggest that this decline in DOGE value may be caused by an apparent decline in trader confidence. And this is likely…

PayPal has expanded its encryption services for US sellers, allowing them to trade directly from their business accounts. Litecoin adoption is growing as companies like MoneyGram and AMC integrate cryptocurrency payment options. Litecoin has recently become a popular choice for PayPal as it expands its crypto services for US business accounts, allowing merchants to buy, hold, sell Bitcoin, Ethereum, Litecoin, and its stablecoin PayPal USD (PYUSD). He tweeted that it was now available for trading. U.S. merchants on Paypal can now pay, hold, and transact with Litecoin. $LTC One of the select few cryptocurrencies available to millions of people #paypal…

EGRAG, a prominent figure in the XRP community and market expert, compares XRP to Nvidia stock and urges investors not to sell too soon. He published this commentary at a time when XRP is suffering one of the biggest declines in a generally unfavorable market. For the uninitiated, the US SEC recently filed a notice of appeal regarding the Ripple lawsuit, which could drag on for another two years. News of the appeal caused a sharp decline in XRP amid an already bearish market. As a result, XRP fell 9.77% on October 2nd, fell another 3.15% yesterday, and is currently…

Cryptocurrency market capitalization has fallen significantly over the past 24 hours, with nearly $500 million of bullish bets against cryptocurrencies liquidated. Bitcoin traders who bet on the high lost more than $122 million, while Ethereum bets lost nearly $100 million, the highest loss since July, according to data from Coinglass. Meanwhile, as the market continues to witness disruptions due to geopolitical pressures, investors are eagerly migrating to Cutushi, a new DeFi project on its way to revolutionizing the meme coin market. The project’s impressive multi-chain DEX exchange is rated as one of the best on the market, and experts predict…