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The crypto market is experiencing a significant bull run, adding $1.2T to its overall cap, with notable gains in both established and new memecoins. Projects like Wall Street Pepe ($WEPE), ApeCoin ($APE), and Flockerz ($FLOCK) are gaining traction, showcasing strong community engagement and innovative mechanisms. Toncoin ($TON) is also on the rise, up 21% over the past month, driven by cross-chain development and support from Telegram's team.
Gracy Chen, CEO of Bitget, highlights Bitcoin's growing appeal as a hedge against inflation and its increasing institutional acceptance, evidenced by significant ETF inflows and purchases by firms like MicroStrategy. She emphasizes the potential of projects like the TON blockchain and discusses Bitcoin's evolving role alongside gold, suggesting they may complement rather than replace each other. Chen also notes the surge in retail and institutional participation in crypto, driven by innovative platforms and the potential geopolitical implications of a U.S. national Bitcoin reserve proposal.
TON is strategically targeting the retail market by leveraging its integration with Telegram's vast user base, focusing on accessibility and enjoyment through mobile wallets. Tonkeeper stands out as the leading wallet, offering a user-friendly interface, gasless transactions, and seamless access to decentralized applications, thus driving mass adoption of the TON blockchain. Its features, including direct staking and Telegram integration, simplify user engagement, making it a pivotal tool in TON's growth trajectory.
Pavel Durov, CEO of Telegram, appeared in a Paris court amid a criminal investigation into the platform's alleged facilitation of illegal activities. Arrested in August, he faces accusations of failing to prevent the spread of criminal content, leading to strict judicial supervision and a €5 million bail. Durov expressed surprise at being held accountable for user-generated content, while Russian officials claim the legal actions are politically motivated.
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