TON (The Open Network) is the only public chain officially supported by the social giant Telegram. Relying on Telegram's huge 900 million monthly active users, it has created a unique narrative from multiple aspects such as payment, social networking, and mini programs.
Under a unique background, TON has also received support from Pantera Capital, the industry's top capital. In June of this year, an email sent by Pantera Capital to potential investors showed that the fund was called the "Pantera TON Investment Opportunity" and was designed to raise funds to purchase more TON tokens.
In the past three months, TONβs on-chain addresses have increased from less than 6.5 million to 39 million.
At present, the TON ecosystem is still in the early construction stage, but ultra-high-traffic projects such as Notcoin and Catizen have emerged, demonstrating a huge userbase backed by Telegram.
With the support of capital and Telegram, the potential of TON and its ecosystem is huge.
Under a unique background, TON has also received support from Pantera Capital, the industry's top capital. In June of this year, an email sent by Pantera Capital to potential investors showed that the fund was called the "Pantera TON Investment Opportunity" and was designed to raise funds to purchase more TON tokens.
In the past three months, TONβs on-chain addresses have increased from less than 6.5 million to 39 million.
At present, the TON ecosystem is still in the early construction stage, but ultra-high-traffic projects such as Notcoin and Catizen have emerged, demonstrating a huge userbase backed by Telegram.
With the support of capital and Telegram, the potential of TON and its ecosystem is huge.
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Public information shows that Trump plans to give a speech at the 2024 Bitcoin Conference.
Unlike crypto tokens that create their own MEME to promote the U.S. election, this time Trump actively wants to connect with crypto conferences, and political-related tokens may experience ups and downs again.
However, apart from individual figures, the US election, as a political phenomenon, can indeed bring new variables to the encryption market. What effect can it have? Letβs look forward to it together!π«‘π«‘π«‘
Unlike crypto tokens that create their own MEME to promote the U.S. election, this time Trump actively wants to connect with crypto conferences, and political-related tokens may experience ups and downs again.
However, apart from individual figures, the US election, as a political phenomenon, can indeed bring new variables to the encryption market. What effect can it have? Letβs look forward to it together!π«‘π«‘π«‘
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Cryptocurrency trading volume will exceed $108 trillion in 2024οΌ
According to a study by CoinWire, global cryptocurrency trading is just starting to take off, with industry trading volume expected to exceed $108 trillion by the end of 2024.
Research shows year-end forecasts are 90% higher than 2022. The United States is expected to have the highest cryptocurrency trading volume this year, exceeding $2 trillion. But Europe leads the market in terms of global cryptocurrency transaction value, accounting for 37.32%.πππ
According to a study by CoinWire, global cryptocurrency trading is just starting to take off, with industry trading volume expected to exceed $108 trillion by the end of 2024.
Research shows year-end forecasts are 90% higher than 2022. The United States is expected to have the highest cryptocurrency trading volume this year, exceeding $2 trillion. But Europe leads the market in terms of global cryptocurrency transaction value, accounting for 37.32%.πππ
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A draft legislation proposed by U.S. Senator Cynthia Lummis (Bitcoin Act of 2024) shows that the purchase of Bitcoin as a new strategic reserve will be funded in part by revaluing the Federal Reserveβs gold. The program purchases up to 200,000 Bitcoins per year for five years, for a total of 1 million Bitcoins. The Bitcoins will be held for at least 20 years and used primarily to repay federal debt, after which no more than 10% of the assets will be sold in any two-year period. The draft also proposes a decentralized network of secure Bitcoin storage facilities across the United States.
In addition, the plan calls for allocating $6 billion to the Treasury from all net profits turned over by the Federal Reserve for fiscal years 2025 through 2029, and increasing the Fedβs banksβ discretionary surplus funds from the current $6.825 billion required under the Federal Reserve Act. reduced to $2.4 billion.
Bitcoin purchases would be financed in several ways, which are described in the draft bill as βoffsetting the costs of strategic Bitcoin reserves.β Federal Reserve Bank gold certificates will also be revalued to reflect their fair market value.
In addition, the plan calls for allocating $6 billion to the Treasury from all net profits turned over by the Federal Reserve for fiscal years 2025 through 2029, and increasing the Fedβs banksβ discretionary surplus funds from the current $6.825 billion required under the Federal Reserve Act. reduced to $2.4 billion.
Bitcoin purchases would be financed in several ways, which are described in the draft bill as βoffsetting the costs of strategic Bitcoin reserves.β Federal Reserve Bank gold certificates will also be revalued to reflect their fair market value.
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The size of the tokenized U.S. Treasury bond market exceeds US$2 billion, and BlackRock BUIDL fund ranks first
According to data from RWA monitoring platform RWA.xyz, as of August 25, the tokenized U.S. Treasury market size was US$2 billion and currently stands at US$2.02 billion. Among them, BlackRock's BUIDL fund ranks first with a size of US$502 million; followed by Franklin Templeton's FOBXX fund with a size of US$425 million. It is worth mentioning that Ondo Financeβs total TVL (tokenized U.S. Treasury bond market value) exceeds US$540 million (including OUSG and USDY), ranking first among various protocols.
In addition, the market value of U.S. Treasury tokens on the Ethereum chain is approximately US$1.45 billion, ranking first among various networks, followed by Stellar (approximately US$430 million).
According to data from RWA monitoring platform RWA.xyz, as of August 25, the tokenized U.S. Treasury market size was US$2 billion and currently stands at US$2.02 billion. Among them, BlackRock's BUIDL fund ranks first with a size of US$502 million; followed by Franklin Templeton's FOBXX fund with a size of US$425 million. It is worth mentioning that Ondo Financeβs total TVL (tokenized U.S. Treasury bond market value) exceeds US$540 million (including OUSG and USDY), ranking first among various protocols.
In addition, the market value of U.S. Treasury tokens on the Ethereum chain is approximately US$1.45 billion, ranking first among various networks, followed by Stellar (approximately US$430 million).
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Currently, more than 170,000 people around the world hold crypto assets worth more than US$1 million, which has doubled from last year.
News on August 27, CNBC reported that as Bitcoin exchange-traded funds and other crypto assets climbed, the number of global crypto millionaires surged 95% in the past year, according to reports from New World Wealth and Henley & Partners. . There are currently 172,300 people worldwide holding more than $1 million in crypto assets, up from 88,200 last year. The number of pure Bitcoin millionaires more than doubled to 85,400.
Cryptocurrency billionaires have climbed to the top of the wealth ladder. According to the report, there are currently 325 crypto multimillionaires (those who hold crypto assets worth $100 million or more) and 28 crypto billionaires. Of the six new cryptocurrency billionaires born in the past year, five can attribute their newfound wealth to Bitcoin.
"This highlights its dominance in attracting long-term investors who buy large amounts of assets," said Andrew Amoils, head of research at New World Wealth.
News on August 27, CNBC reported that as Bitcoin exchange-traded funds and other crypto assets climbed, the number of global crypto millionaires surged 95% in the past year, according to reports from New World Wealth and Henley & Partners. . There are currently 172,300 people worldwide holding more than $1 million in crypto assets, up from 88,200 last year. The number of pure Bitcoin millionaires more than doubled to 85,400.
Cryptocurrency billionaires have climbed to the top of the wealth ladder. According to the report, there are currently 325 crypto multimillionaires (those who hold crypto assets worth $100 million or more) and 28 crypto billionaires. Of the six new cryptocurrency billionaires born in the past year, five can attribute their newfound wealth to Bitcoin.
"This highlights its dominance in attracting long-term investors who buy large amounts of assets," said Andrew Amoils, head of research at New World Wealth.
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