BackTON price doubles after Telegram made a move critics say cuts against crypto’s core promise

NACHRICHT

CryptoSlate09.05.2026Crypto

TON price doubles after Telegram made a move critics say cuts against crypto’s core promise

Schriftgröße

Toncoin (TON) surged from roughly $1.32 on May 1 to an intraday high of $2.90 by May 7, pushing its market cap to approximately $7.8 billion. The catalyst was Pavel Durov's announcement that Telegram would replace the TON Foundation as the network's primary driving force and become its largest validator within two to three weeks. […] The post TON price doubles after Telegram made a move critics say cuts against crypto’s core promise appeared first on CryptoSlate.

Continue reading on CryptoSlate

This article was originally published by CryptoSlate.

Ähnliche Meldungen

In Entwicklung·2 sa önce

Crypto User Loses $1 Million in Ethereum Phishing Scam

A crypto user lost nearly $1 million in USDT on Ethereum after signing a phishing token approval. This incident highlights the ongoing threat of social engineering scams in the crypto industry, which have already resulted in hundreds of millions in losses this year.

Cointelegraph

In Entwicklung·5 sa önce

Zapper to Shut Down Next Month Amid Crypto Market Downturn

Decentralized finance analytics platform Zapper announced it will cease operations on August 3rd, citing falling demand as the primary reason. The platform, which once served over 2 million monthly active users and processed billions in transactions, joins a growing list of crypto firms folding amid a market downturn and reduced venture capital funding.

Cointelegraph

In Entwicklung·12 sa önce

Crypto Market Faces Grim Week Amidst Bitcoin and Ethereum Declines

The crypto market is in a rough state as July begins, with Bitcoin hovering in the low $60,000s and Ethereum below $1,750. Both assets have seen significant declines, and altcoins are performing even worse. Despite grim sentiment, historical patterns suggest potential for a rebound, though technical indicators present a mixed picture.

Decrypt

In Entwicklung·13 sa önce

Meme Coin Trader Turns $85 into Over $2 Million on Robinhood Chain

A trader invested $85 in CashCat, a meme coin on Robinhood Chain, in June. The investment has since grown to over $2 million, with the trader realizing $585,000 in profits and holding $1.6 million worth of tokens. CashCat's market cap has surged over 1,230% in 24 hours.

Decrypt

In Entwicklung·15 sa önce

Bitcoin Rebounds Above $63,000 Amid ETF Inflows, But Leverage Risks Loom

Bitcoin surged past $63,000, buoyed by a return of ETF inflows totaling over $500 million. However, rising leverage in derivatives markets and increased exchange supply pose risks to the fragile rebound, suggesting potential vulnerability to market shocks.

CryptoSlate

In Entwicklung·19 sa önce

Bitcoin Faces Weakest Sentiment Cycle Amid Strategy's Sale, Macroeconomist Lyn Alden Says

Macroeconomist Lyn Alden states Bitcoin is in its weakest sentiment cycle, emphasizing its need to rely on fundamentals. This follows Strategy's $216 million Bitcoin sale, raising concerns about leverage and market dynamics.

Cointelegraph