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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

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    Volume Plunges While Transactions Soar

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    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

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    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

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    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

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  • Guides
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    What Is Copy Trading in Crypto? A Beginner’s Guide

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    A Step-by-Step Guide for Risk-Takers

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    CryptoPunks Dominate Top Weekly NFT Sales amid Overall Market Sales Volume Surges 34.19% to $133.66 Million

    Volume Plunges While Transactions Soar

    Volume Plunges While Transactions Soar

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

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    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

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    Boxed Memecoins as Collectible Toys

    Hype fades as NFT platforms lose users

    Hype fades as NFT platforms lose users

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    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

    Donald Trump Had Said, ‘The US Government Will Not Sell Cryptocurrency From Now On,’ But Something Strange Is Going On — Onchain Data Shows…

  • Gaming
    Taking Back Identity: How MocaChain Decentralizes Digital Power

    Taking Back Identity: How MocaChain Decentralizes Digital Power

    ‘League of Kingdoms’ Expands Into ‘Arena-Z’ as New Games and Tokens Emerge

    ‘League of Kingdoms’ Expands Into ‘Arena-Z’ as New Games and Tokens Emerge

    R-Games and LoveBit Unite to Power ESG-Driven Web3 Gaming

    R-Games and LoveBit Unite to Power ESG-Driven Web3 Gaming

    Elon Musk’s xAI Launches Waifu Companions for Grok

    Elon Musk’s xAI Launches Waifu Companions for Grok

    Web3 Meets the Stadium: The Rise of Competitive Ownership

    Web3 Meets the Stadium: The Rise of Competitive Ownership

    Can Snoop Dogg’s Telegram Drop Revive a Slumping NFT Market?

    Can Snoop Dogg’s Telegram Drop Revive a Slumping NFT Market?

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    ‘Off the Grid’ Token Hits Solana, More Games Shut Down

    Qitmeer Network Forges Partnership with Onmi to Bolster Web3 GameFi Space

    Qitmeer Network Forges Partnership with Onmi to Bolster Web3 GameFi Space

    Why Are So Many Crypto Games Shutting Down? Experts Weigh In

    Why Are So Many Crypto Games Shutting Down? Experts Weigh In

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

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  • Guides
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    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

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    What Is Liquid Staking? How It Works & Why It Matters in Crypto

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    A Full Comparison of Layer 2 Solutions

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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Home Altcoins

TON’s 10% fall – Why Telegram’s new USDT policy isn’t helping

April 20, 2024
in Altcoins
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TON’s 10% fall – Why Telegram’s new USDT policy isn’t helping
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  • Telegram Wallet announced that it won’t impose any fees for transferring USDT to other wallets on the TON network
  • Activity on the Ton network soared while the price continued to fall

Telegram Wallet is in the news today after it announced that it won’t charge any fees for taking out USDT to other wallets on the Toncoin [TON] network until the end of June. The TON Foundation is putting up 11 million Toncoin to encourage people to use USDT on TON.

However, here it’s important to note that USDT on TON is not currently available to users in the United States. There might be regulatory reasons behind this limitation.

Source: Telegram

New changes on TON

This could significantly increase USDT circulation and use on TON, making it a more attractive platform for USDT transactions. With more users and transactions, TON could see a hike in overall network activity. This could translate to potentially more transaction fees which can fuel TON’s security and development in the future.

In terms of overall activity, it can be seen that the number of daily active users on the network grew by 19.6% over the past month. Moreover, the revenue generated by TON also appreciated by 266.3% during this period as well. If the USDT incentive system for TON goes well, it may aid the network in generating even more revenue and keep it on a positive trajectory.

Source: Token Terminal

Additionally, according to Token Terminal’s data, the number of core developers on the network hiked by 22% in the last 24 hours. Also, the number of code commits surged by a massive 179% too.

See also  Does Ethereum’s sidechain ‘threaten’ XRP Ledger?

More developers can fuel a wider range of applications and features on TON, enriching the overall user experience and attracting a larger user base. As developers build more on TON, the network can benefit from their code and functionalities, potentially leading to improved scalability and transaction processing capabilities.

How is TON doing?

Despite these positive updates on the network, TON has been seeing red lately. At press time, TON was trading at $6.16, with its price down by 10.79% over the last 24 hours. Coupled with that, the network growth for TON also declined over the last few days. This could be a sign that new addresses have lost interest in the TON token.


Read Toncoin’s [TON] Price Prediction 2024-25


If new addresses continue to not show interest in TON, the price could fall further in the future.

Source: Santiment

Next: Explaining why Bitcoin miners are celebrating Runes post BTC’s halving

READ ALSO

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?

  • Telegram Wallet announced that it won’t impose any fees for transferring USDT to other wallets on the TON network
  • Activity on the Ton network soared while the price continued to fall

Telegram Wallet is in the news today after it announced that it won’t charge any fees for taking out USDT to other wallets on the Toncoin [TON] network until the end of June. The TON Foundation is putting up 11 million Toncoin to encourage people to use USDT on TON.

See also  Will Filecoin help with Solana's data accessibility issues?

However, here it’s important to note that USDT on TON is not currently available to users in the United States. There might be regulatory reasons behind this limitation.

Source: Telegram

New changes on TON

This could significantly increase USDT circulation and use on TON, making it a more attractive platform for USDT transactions. With more users and transactions, TON could see a hike in overall network activity. This could translate to potentially more transaction fees which can fuel TON’s security and development in the future.

In terms of overall activity, it can be seen that the number of daily active users on the network grew by 19.6% over the past month. Moreover, the revenue generated by TON also appreciated by 266.3% during this period as well. If the USDT incentive system for TON goes well, it may aid the network in generating even more revenue and keep it on a positive trajectory.

Source: Token Terminal

Additionally, according to Token Terminal’s data, the number of core developers on the network hiked by 22% in the last 24 hours. Also, the number of code commits surged by a massive 179% too.

More developers can fuel a wider range of applications and features on TON, enriching the overall user experience and attracting a larger user base. As developers build more on TON, the network can benefit from their code and functionalities, potentially leading to improved scalability and transaction processing capabilities.

How is TON doing?

Despite these positive updates on the network, TON has been seeing red lately. At press time, TON was trading at $6.16, with its price down by 10.79% over the last 24 hours. Coupled with that, the network growth for TON also declined over the last few days. This could be a sign that new addresses have lost interest in the TON token.

See also  Is Cardano a 'wannabe Ethereum?' What Hayes, Hoskinson have to say

Read Toncoin’s [TON] Price Prediction 2024-25


If new addresses continue to not show interest in TON, the price could fall further in the future.

Source: Santiment

Next: Explaining why Bitcoin miners are celebrating Runes post BTC’s halving
Tags: FallhelpingIsntpolicyTelegramsTonsUSDT

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