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TON Foundation Scores a Game-Changing $400M to Revolutionize Telegram Crypto

The Open Network Foundation (TON Foundation) just secured a massive $400 million in token-based investments from big-name VCs, signaling serious hype around the Telegram ecosystem.

Who’s Backing TON?

Heavyweights like Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere, and Karatage are all in—scooping up Toncoin, the native crypto powering its blockchain.

Their Foundation calls this more than just an investment move; they see it as a strategic partnership to expand the TON ecosystem—though they’re keeping the details under wraps for now.

What’s TON Blockchain?

The TON blockchain is a decentralized network built for Mini Apps within Telegram. While originally a Telegram project, it’s now an independent chain. But there’s still a major link—This coin is the only accepted crypto for Telegram app services as of January 2024.

And the growth? Insane. The number of their native accounts exploded from 4 million to 41 million in just a year. The foundation claims it has over 121 million unique holders and aims to onboard 30% of active Telegram users within the next three years.

TON

Telegram’s Rapid Growth 📈

Telegram is already a powerhouse, hitting 1 billion monthly active users by March 2024—doubling in less than three years (Source: Demandsage). And it’s not stopping anytime soon.

Benchmark partner Peter Fenton predicts Telegram’s user base will hit 1.5 billion by 2030.

VCs Are Going All-In on Crypto 💵

Venture capital funding is flooding into blockchain projects as the industry gains more legitimacy worldwide. Simon Wu, partner at Cathay Innovation, says crypto and blockchain are becoming legit solutions, especially in asset management, transactions, and tokenization.

And where there’s legit traction, capital follows.

📊 In February 2024, crypto VC deals hit $1.1 billion, with DeFi and business services getting the biggest chunk of funding (Source: Cointelegraph VC Roundup).

🚀 What’s Trending in VC Funding?

  • DeFi protocols
  • Decentralized physical infrastructure
  • Tokenized real-world assets

As more big names jump in, the TON ecosystem and the broader blockchain space are heating up. Expect some wild moves ahead.

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Elon Musk’s X Sues Indian Government Over Free Speech Crackdown

Elon Musk’s X has filed a legal petition against the Indian government, challenging its use of Section 79(3)(b) to censor online content. The company argues this bypasses legal safeguards for free speech.

X Sues Indian Government Over Free Speech Censorship

Elon Musk’s social media company, X sues Indian government and has taken legal action against the Indian government, filing a petition in the Karnataka High Court. X argues that India’s use of Section 79(3)(b) of the Income Tax Act and the “Sahyog Portal” has turned into an unchecked tool for censoring online speech, bypassing established legal safeguards.

Under Section 79(3)(b) of India’s IT Act, social media platforms can lose their legal immunity if they fail to remove content flagged as “unlawful” by the government. However, X contends that authorities are misusing this section to issue takedown orders that do not align with the procedural safeguards of Section 69A.

X Sues Indian Government

Legal Argument Against India’s Censorship

X Corp’s petition emphasizes that the Supreme Court, in its 2015 ruling in Shreya Singhal v. Union of India, declared Section 69A as the only valid legal framework for blocking online content. This section mandates transparency, requiring written reasons for content removal, a pre-decisional hearing, and the opportunity for legal challenge.

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By invoking Section 79(3)(b) instead, the government is effectively bypassing these safeguards. The petition states:

“The law mandates that information blocking can only be carried out under Section 69A, which provides for judicial scrutiny. By using Section 79(3)(b) as an alternative mechanism, the government is effectively nullifying the Supreme Court’s directives.”

Public Reaction and Past Disputes

X sues Indian government and this legal challenge has sparked debate online. Indian journalist Chandra R. Srikanth posted about the case on X, prompting reactions from users. Some speculated that Musk’s fact-checking AI, Grok, could play a role in exposing the Indian government’s actions. Others called for Grok to verify the legal claims.

This isn’t the first time X has opposed India’s content moderation rules. In 2022, the company also challenged Section 69A orders, criticizing the government for blocking entire accounts instead of individual posts.

With Musk’s growing influence in global tech and free speech advocacy, this legal battle could set a precedent for online freedom in India and beyond.

Insane : XDAO Makes 367K DAOs LEGAL—Game-Changer for Web3!

XDAO automates the legal recognition of DAOs, bridging Web3 with traditional legal systems.

XDAO

XDAO is rewriting the rules for DAOs—literally! Built on The Open Network (TON), this game-changer has already helped 367,000+ DAOs go fully legal. No more “gray area” headaches—it now automates legal recognition, making DAOs legit in the eyes of the law.

So, how does it work? Well, it has streamlined the DAO creation process, creating a framework where sub-entities interact legally under its constitution. Plus, all disputes can be settled in Singapore courts, where XDAO Labs is registered.

The wildest part? Signing contracts via Telegram bots! Yep, DAOs can sign legally binding docs straight from their Web3 wallets using their Telegram integration. Smart, right? Of course, there are limits—it won’t fly for real estate or securities deals. But for most DAO agreements? It’s golden.

⚖️ And if things get messy? Smart contract compliance comes in clutch. Arbitration agreements can be made through Docusign, Ethsign, or even Telegram itself. If a settlement is needed, an arbitrator can be added to the DAO and get a decisive key vote to finalize payments.

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XDAO: The Bridge Between Web3 and the Legal World

Bottom line: XDAO is taking DAOs from experimental to lawfully recognized entities, bridging Web3 and legal systems. The future of decentralized governance? It just got real. Keep watching.

Want to learn more about XDAO and its groundbreaking work? Click here

Breaking News: Trump Becomes 1st US President to Speak at Crypto Event

President Donald Trump addressed the Blockworks Digital Asset Summit, marking the first time a sitting US president has spoken at a crypto event. His remarks reaffirmed support for stablecoins and a pro-crypto regulatory shift.

Trump Becomes First US President to Address a Crypto Conference

President Donald Trump has made history by becoming the first sitting US president to speak at a crypto conference. In a pre-recorded message at the Blockworks Digital Asset Summit on March 20, he pledged support for the industry, stating his administration aims to make the US the “crypto capital of the world.”

Trump in crypto conference

Trump praised recent regulatory shifts and emphasized the role of digital assets in enhancing the banking system, privacy, security, and economic growth. He also highlighted the importance of stablecoins, stating they would help maintain the dominance of the US dollar globally.

His administration has taken multiple pro-crypto steps, including signing executive orders to establish a Bitcoin strategic reserve and commission the Working Group on Digital Assets.

Mixed Reactions to White House Crypto Summit

Earlier this month, Trump also hosted the first-ever White House Crypto Summit on March 7, where industry leaders discussed the future of crypto regulation. Treasury Secretary Scott Bessent emphasized the need for stablecoin regulation, positioning them as key to preserving the dollar’s global reserve status.

At the Blockworks event, Bo Hines, executive director of the Council of Advisers on Digital Assets, revealed that a stablecoin bill could reach Trump’s desk within two months.

Despite the historic nature of these developments, reactions have been mixed. Institutional investors saw them as a positive step, while retail investors and Bitcoin advocates were less enthusiastic. Bitcoin maximalist Justin Bechler criticized the summit as a platform for “rent-seeking lobbyists pushing surveillance tokens.”

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Following these events, Bitcoin’s price dropped by 7.3%, reflecting uncertainty around government involvement in the industry.

North Korean Hackers at It Again Shifts $3.76M in BTC: Exposed

Lazarus (North Korean Hackers) Moves $3.76M in Bitcoin Across Five Wallets

Lazarus( North Korean Hackers) has transferred $3.76 million worth of Bitcoin to five unknown wallets, raising concerns over potential laundering efforts.

North Korean Hackers

On-chain data from Arkham Intelligence shows that the group’s Bitcoin holdings have now dropped to 13,441 BTC, valued at approximately $1.15 billion. On March 20, at around 9:18 AM UTC, a wallet associated with Lazarus sent 12.929 BTC ($1.12 million) to an unknown recipient. Over the next three hours, additional transactions included 14.849 BTC, 15.684 BTC, and two smaller transfers of 0.308 BTC each, totaling more than 44.07 BTC. Furthermore you can also check transaction details on here.

The movement of funds suggests an attempt to obscure the trail, a common tactic among hackers looking to evade tracking.

Bybit CEO Ben Zhou previously stated that 88.87% of the funds stolen in the recent Bybit hack are still traceable. According to him, Lazarus has converted around $1.23 billion into 12,836 BTC, spreading it across 9,117 wallets. Zhou also noted that the hackers are likely using Bitcoin mixers to further complicate tracking efforts.

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Despite the focus on Bitcoin, Lazarus (North Korean Hackers) still holds significant assets in other cryptocurrencies. Their Arkham-labeled wallet contains 13,658 ETH (valued at $27 million), $3.17 million in BNB, and smaller holdings in DAI, Baby Doge Coin, and various stablecoins.

Lazarus has been conducting cyberattacks since at least 2009, with its latest heist being the massive $1.4 billion Bybit hack—one of the largest crypto thefts ever recorded.

BREAKING: Solana’s 1st Futures ETF Drops – Is a Spot ETF Coming in 2024?

Yo, Solana just hit a new level—futures ETFs are officially launching on March 20! Volatility Shares is dropping two of ‘em: SOLZ and SOLT. This could be the moment it levels up against Ethereum in the big leagues.

Solana
For live Ethereum price : Coingecko

Industry pros say this move will pump up SOL’s demand and liquidity, making it a solid competitor to ETH. But there’s some doubt too—remember how spot Ether ETFs kinda flopped compared to Bitcoin ETFs? Some analysts think it futures ETF might not bring in crazy inflows, but the hype could set the stage for a spot Solana ETF, which is where the real action happens.

Big names like JPMorgan predict a spot the token’s ETF could attract $3B-$6B in just six months—that’s major. Even Trump’s digital assets team is backing it, throwing it into the US crypto reserve alongside XRP and ADA.

The Future of Solana: Spot ETF on the Horizon?

So, what’s next? If the SEC gives the green light, we might see the first-ever spot Solana ETF in the next couple of years. For now, this futures ETF is a power move for SOL’s street cred. Keep your eyes peeled!

Also Read: 3 Memecoin Fails You Should Avoid – Experts Warn!

3 Memecoin Fails You Should Avoid – Experts Warn!

ARK Invest CEO Cathie Wood has predicted that most memecoins will eventually become “worthless,” cautioning investors to stay clear of viral tokens. In an interview with Bloomberg, Wood expressed her skepticism toward internet meme-based coins and AI-generated tokens, saying they “won’t be worth very much” in the future.

Ark Invest CEO talking about Memecoin

Instead of backing these speculative coins, Wood focuses on established cryptocurrencies such as Bitcoin, Ethereum, and Solana, which she believes will grow stronger over time. She emphasized that the market is volatile, with many losing substantial value as shown in this post.

“There’s nothing like losing money for people to learn,” Wood said, warning traders that the SEC and regulators are not taking responsibility for meme coins. However, Wood did single out the TRUMP Official Token as one of the few that could “withstand the test of time.”

Why Memecoins Are Heading Toward Worthlessness

The meme coin market, once worth over $137 billion in December 2022, has lost more than 60% of its value, now standing at $51.6 billion. This downturn includes sharp crashes in tokens like the LIBRA meme coin and the TRUMP meme coin, which has fallen nearly 85% from its peak.

On-chain data from ARK Intelligence highlights significant losses in the meme coin sector, including a portfolio of viral meme coins held by analyst Murad Mahmudov, which saw an 80% drop in just two months.

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Despite some recent growth in global liquidity and the weakening U.S. dollar, the memecoin market has shown little signs of recovery, with platforms like Pump.fun experiencing significant revenue declines.

As the memecoin market flounders, Wood’s cautionary message stands as a stark reminder for investors.

Why Bitcoin’s Safe-Haven Status Is Being Questioned: 5 Key Reasons Explained

Why Bitcoin is ‘Safe-Haven’ Status Is Being Questioned: 5 Key Reasons

bitcoin

Bitcoin used to be the go-to “safe-haven” asset, right? It was seen as a reliable place to park your cash during tough times. But lately, that’s been looking more like a fantasy. With the economy in chaos, its been struggling—while gold is rising. So, what happened?

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Here are 5 reasons why its “safe-haven” status is under fire:

  1. Big Volatility – The token’s price swings are wild. One minute it’s up, the next it’s crashing. That’s not exactly what you want in a “safe” asset.
  2. Growing Institutional Influence – Big players like BlackRock are piling in, but that makes BTC more like a regular stock—risky and reactive to market trends.
  3. Changing Narrative – Its no longer the “digital gold” it was marketed as. Now, it’s seen as a speculative asset, more like tech stocks than anything else.
  4. Correlated to Risk Assets – Its has started moving more with risky assets like tech stocks, not safe-haven assets like gold.
  5. Short-Term Traders – Retail traders jumping in and out can lead to sharp drops, and that makes this token more volatile.

Bitcoin might still have potential as a long-term store of value, but for now, it’s not the safe bet it used to be.

For live graphs of bitcoin graphs go to Coingecko.

Bitcoin Tanks 25% – Warning Sign or the Biggest Rally Ahead?

Bitcoin’s Dip? Just a Pit Stop Before the Next High!

Bitcoin is down 24% from its $109K ATH, but chill—crypto analysts say it’s just a regular pit stop in the cycle. Despite macroeconomic turbulence, BTC’s next peak might just be pushed back, not canceled.

Ben Simpson, CEO of Collective Shift, says this isn’t the end of the bull run:

“Global liquidity’s a mess, but this is just the third or fourth 25% correction this cycle—compared to 12 in the last one.”

Bitcoin
Live chart from Coingecko.

Bitcoin’s “Expected” Correction

At $82,824, this token has been riding out the storm caused by U.S. tariffs, interest rate uncertainty, and a market cooldown. But, Derive’s Nick Forster sees this as a normal pullback in a long-term rally:

“Bitcoin always corrects during bull runs. Nothing unusual here.”

Even Trump’s re-election in November pumped it by 36% in a month, proving it can bounce back stronger than ever.

Macro Conditions Are Shaking the Market

Independent Reserve CEO Adrian Przelozny pointed out that all asset classes are feeling the heat right now, not just crypto. Inflation risks and market contractions are making things volatile.

Capriole Investments founder Charles Edwards isn’t ready to call the end yet:

“Odds are 50:50. If the Fed cuts rates and liquidity grows, we could see a strong comeback.”

Also Read: Ethereum Price Pumps 7% – Should You Dive In Now or No?

What’s Next for Bitcoin?

CryptoQuant’s CEO Ki Young Ju believes we might be heading for 6-12 months of sideways movement. But others say rate cuts and liquidity boosts could send BTC flying again.

So, is this bull run really over? Not so fast. Stay tuned—this cycle might still have some surprises left.

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Trump Administration’s 1st Bold Move to Acquire Bitcoin as a Strategic Asset

In a bold push toward government-backed Bitcoin accumulation, Bo Hines, Executive Director on Digital Assets for President Trump, has revealed that the administration aims to significantly increase U.S. Bitcoin reserves.

Bo Hines: Trump Admin

Trump’s Vision: Expanding U.S. Bitcoin Reserves for Future Financial Security

Speaking at the Digital Assets Summit in New York on March 18, Hines emphasized that the U.S. government should actively acquire Bitcoin, much like traditional reserves of gold.

“I believe it’s high time that our President starts acquiring assets for the American people, which is exactly what President Trump is doing – accumulating wealth rather than depleting it,” Hines declared.

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When asked about the scale of Bitcoin accumulation, Hines compared it to gold, stating, “When people ask me, ‘How much Bitcoin do you want to acquire?’ I tell them – it’s like asking a nation, ‘How much gold do you want to have?’ The answer is as much as possible.”

Hines also revealed that Trump’s first-ever White House Digital Assets Summit focused on strategies for acquiring Bitcoin in a budget-neutral manner.

The comments signal a major shift in how the U.S. government approaches cryptocurrency. Traditionally, Bitcoin has been viewed with skepticism by regulators, but under Trump’s administration, it could become a key strategic asset.

As more nations explore digital currency reserves, a U.S. push into Bitcoin could accelerate global adoption and reshape financial policies. If implemented, this approach would position the United States as a leader in the evolving digital economy.

With this aggressive stance, the Trump administration is signaling that Bitcoin is no longer just a speculative asset—it’s becoming a foundational piece of U.S. financial strategy.

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