Toncoin’s Open Curiosity (OI) surged by 67% prior to now 24 hours, coinciding with stories that Telegram founder Pavel Durov has left France.
Durov had been required to stay within the nation since his arrest seven months in the past.
In line with CoinGlass data, Toncoin’s OI—a measure of unsettled spinoff contracts resembling futures and choices—climbed to $169 million on March 15, marking its highest degree since February 1, when it stood at $171.49 million.
Durov’s Departure Sparks Hypothesis on Toncoin’s Future
The spike adopted stories of Durov’s departure, fueling hypothesis about its influence on the Toncoin ecosystem.
Toncoin (TON) serves because the native cryptocurrency of The Open Community, which underpins Telegram’s Mini App ecosystem.
The token’s value additionally responded positively, gaining 17% throughout the identical interval to commerce at $3.45, in response to CoinMarketCap information.
Market analysts are intently watching the rally, with buying and selling useful resource Crypto Billion suggesting that TON is getting into a long-term accumulation section close to key assist ranges.
Nonetheless, considerations stay over potential volatility. If the worth dips again to the $3 mark, practically $18.8 million in lengthy positions may very well be liquidated.
Durov’s reported relocation to Dubai—a jurisdiction with no extradition agreements with a number of international locations—has sparked discussions about regulatory scrutiny within the crypto area.
His arrest in France in August 2024 raised considerations about elevated enforcement towards privacy-focused platforms, with authorities alleging that Telegram facilitated illicit transactions.
Historic information suggests a sample of market response linked to Durov’s authorized troubles.
Following his arrest on August 24, 2024, Toncoin’s OI surged by 32%, although its value dropped by virtually 12%.
In the meantime, Telegram has lately tightened its blockchain technique.
In January, the corporate introduced it might discontinue assist for all blockchains besides The Open Community, reinforcing its dedication to the TON ecosystem.
Telegram Complies with Extra US Requests for Consumer Information Following CEO’s Arrest in France
As reported, Telegram fulfilled 900 requests from U.S. authorities for person data in 2024, with a big enhance in inquiries following the arrest of its CEO, Pavel Durov, in France.
The platform supplied data resembling IP addresses and cellphone numbers for 14 requests between January and September.
Nonetheless, the entire variety of requests for the yr reached 900, affecting 2,253 customers, indicating a pointy rise after October.
Durov was arrested on August 24 by French authorities on allegations that Telegram had been used to facilitate felony exercise.
In October, he acknowledged that the platform has been sharing person information with authorities upon request since 2018, a observe outlined in Telegram’s privateness coverage.
Notably, the encrypted messaging platform’s newest replace allows users to upgrade items into non-fungible tokens (NFTs), enabling buying and selling and possession on blockchain platforms.
As reported, the brand new function transforms digital items into distinctive collectible objects with customizable attributes, which may be exchanged or bought on NFT marketplaces.
The reward customized attributes embrace background colours and icons, making certain every merchandise is distinct. Upgrading requires Telegram Stars, the platform’s digital foreign money, to cowl blockchain charges.
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