Lưu trữ cho từ khóa: Telegram

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Catizen listing date nears as exchanges prepare for launch

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Catizen price is performing well in pre-market futures ahead of the official airdrop scheduled for Sept. 20.

Catizen (CATI) token was trading at $0.51 on Monday on OKX, up by 45% from its lowest level on Sep. 5.

This rebound happened in a difficult time for the crypto market as Bitcoin (BTC) and most altcoins dropped. Bitcoin dropped to $52,558 last week while Ethereum (ETH) fell to a monthly low of $2,150.

Catizen’s token rose as developers confirmed that it will be listed on several high-profile exchanges like Gate.io, Binance, and Bitget. These exchanges have already started running promotions for the airdrop.

Bitget Wallet is offering users a chance to win $20,000 for those who enter the Catizen earn page by Sep. 20. Binance, which has invested in Catizen, has pledged to distribute $300,000 in Fish Coins and MNT to users.

Catizen has become one of the more popular play-to-earn platforms on Telegram, where it has accumulated over 35 million users worldwide. These users earn tokens by playing simple cat-themed games.

In addition, users can make more tokens by participating in simple tasks like joining its Telegram news channel, following it on X, where it has over 2.7 million followers, and making daily purchases in the ecosystem. CATI holders will then be able to redeem them for cash when the airdrop happens later this month. 

Catizen’s challenge, however, is how to maintain momentum after its airdrop, as many Telegram tokens have retreated after beginning to trade. Notcoin (NOT), a popular Telegram tap-to-earn token, has dropped by over 72% from its all-time high. 

Similarly, Pixelverse (PIXFI) has fallen by 93%, while Avacoin has crashed by more than 90% from its record high. Most recently, the DOGS token initially surged to $0.002 after listing but has since crashed by 50% to $0.001.

Catizen’s other challenge will be to avoid the mistakes made by other play-to-earn platforms like Axie Infinity (AXS), Decentraland (MANA), and Gala Games (GALA). Their tokens have dropped by over 80% from their all-time high, while the number of users has dwindled. Decentraland had just 750 unique active wallets, in the last 30 days while The Sandbox had 2,000 users.

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Theo Crypto News

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Red alert: Toncoin price flips key support as death cross nears

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Toncoin price continued its downward trend, crossing a key support level as cryptocurrencies dropped.

Toncoin (TON) fell by 15% on Sep. 4, making it the worst-performing top-ten cryptocurrency. The price dropped to a low of $4.60, down more than 44% from its 2023 high. Its market cap has fallen from a peak of $23 billion to $11 billion.

TON’s decline coincided with a drop in funds secured in its decentralized finance (DeFi) applications. Total value locked (TVL) decreased from a year-to-date high of $770 million to $318 million, its lowest point since June. In TON terms, TVL fell from 115 million TON to 66.1 million.

The TON Blockchain has also slipped from being a top 20 chain in the DeFi industry, overtaken by networks like Linea, Mantle, Aptos, and Cronos.

Its monthly performance has also been weaker than other chains. Its total value locked have dropped by 33% in the last 30 days while Solana (SOL), Base, Avalanche (AVAX), and Sui (SUI) has risen by over 26%. 

Additionally, the volume of assets traded on TON’s decentralized exchanges has fallen more sharply than on other chains, dropping by 62% in the past seven days to $144 million. By contrast, the trading volume on Ethereum (ETH) and Solana decreased by less than 30%.

TON’s recent performance may have been negatively influenced by the arrest of Telegram CEO Pavel Durov in France. Authorities accused him of complicity in serious crimes, including aiding organized crime and refusing to comply with law enforcement orders. If convicted on all charges, Durov could face over ten years in prison.

Looking ahead, the next potential catalyst for the Toncoin price will be this month’s Tapswap and Hamster Kombat airdrops. Hamster, the popular tap-to-earn mini-app will launch its airdrop on Sep. 26. TapSwap’s airdrop date has not been confirmed but the developers have committed to do so in the third quarter, which ends this month. 

Hamster and TapSwap are some of the most popular tap-to-earn platforms with over 300 million and 65 million users, respectively. Therefore, TON could see more activity when the two start trading. 

Meanwhile, on-chain data shows that the number of active wallets in TON has risen to a record high of 14.6 million while the total TON supply has soared to 5.1 billion.

TON price crossed a key support

Toncoin price chart | Source: TradingView

Technically, signs suggest that Toncoin may continue to decline. The price crossed a key support level at $4.76, which was the lowest swing in May and August, and formed the neckline of a head and shoulders pattern—a bearish signal in technical analysis.

Additionally, the 200-day and 50-day Exponential Moving Averages are nearing a death cross pattern, further indicating a potential downtrend. The next key point for TON being $4.00

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Công nghệ

Pavel Durov’s arrest is not a free speech hill to die on | Opinion

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When word broke that the billionaire Telegram CEO Pavel Durov had been arrested in France over the last weekend in August, it became a flashpoint in the global battle over freedom of speech. But then the charges came, including that Telegram had protected users who shared pornographic images, among other crimes.

By the time the charges were announced; however, the internet’s staunchest defenders of free speech ideals had already taken to social media platforms, such as the X platform (former Twitter), to argue that Durov’s arrest was proof of a sinister plot by behind the scenes French and western elites.

Robert F. Kennedy, Jr., a former independent presidential candidate in the 2024 election, shared a similar sentiment:

Elon Musk called these “dangerous times” in a post on X.

French President Emanuel Macron, under fire that the action had been a political arrest, said it was run-of-the-mill law enforcement activities and not politically motivated. After the revelations in the charging document, it became clear that those who came quickly to Durov’s defense could be portrayed by a press corps ironically contemptuous as defenders of pedophilia.

The arrest 

Durov was arrested as part of an investigation by French authorities after allegations that the messaging service permitted crimes to occur on its platform. Durov said in April that governments have tried to collect information but that the app should remain neutral and not a geopolitical player.

Now, the self-professed libertarian has a cybersecurity gendarmerie unit, and France’s national anti-fraud police are grilling him while he sits in detention and awaits his first court appearance. 

And since Telegram stores data on its servers, unlike other privacy-focused messaging apps like Signal, which encrypts client-side, refusing to comply with data requests can open the service up to enforcement actions. 

The wider context

Defenders of free speech were already on edge, and perhaps rightfully so. European laws on the books could be seen as an attack on free speech rights, and this is precisely what defenders of free speech were lashing out against when they heard of Durov’s arrest.

For instance, one such law is the Digital Services Act, a primary threat to free speech worldwide. It has been designed to force social media companies to censor users who post content the authorities deem to be disinformation or too extreme. Laws like the DSA are slippery, but Durov’s is not the hill to die on. Yet, too many are lining up to do so. 

John Turley, Professor of Public Interest at George Washington University, told Fox News: “It is like arresting AT&T CEO, because the mob used the telephone to do its business.” The problem with Turley’s analogy is that AT&T is known for sharing information with the government in at least the Fairview program. Elon Musk, too, draws a line at illegal activity.

Durov is different because he is an “anything goes” tech tycoon. 

The real battlefield over free speech

Instead of helping in the fight against censorship, free speech defenders hurt it, showing they lack discernment and will throw their hat in the ring to defend the sexual exploitation of children, even if they did so by accident. The battle over free speech won’t be fought over the administrator of a platform censoring or not censoring information and being arrested or not arrested.

The battle over free speech will be fought—indeed, it is being fought already—over our freedom to access technology that preserves privacy without the need for a middleman. For instance, a platform like Signal encrypts messages on the client side, and the messenger service acts more as a relay, never having access to the encrypted messages sent across its network.

Telegram is a centralized service whose administrators have access to information that could aid serious criminal investigations. If they didn’t want that responsibility, they should have then designed better privacy-preserving tech. For whatever reason, they chose instead to mostly market their app as private rather than make it truly so. 

As for free speech defenders, their battle is elsewhere: defending decentralized tech that provides privacy without reliance on middlemen who can be strong-armed and compromised by governments.

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Theo Crypto News

Phân tích

DOGS token suffers a harsh reversal, market cap falls $300m

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DOGS, the popular Telegram meme coin, has suffered a harsh reversal as its hype among market participants waned.

DOGS token sell-off has continued

DOGS (DOGS) price has dropped by over 38% from its highest level last week and was trading at $0.0011, its lowest level since Aug. 26.

The decline coincided with a sharp drop in its volume on centralized and decentralized exchanges. Data from CoinGecko shows that its 24-hour volume on Monday stood at $490 million, down from last week’s high of $1.8 million. It was the lowest intraday volume since it started trading. 

The data also indicates that the token’s futures open interest has started falling, indicating that demand among investors is fading. Its open interest stood at over $118 million, down from last week’s high of $149 million.

DOGS token has likely dropped for three main reasons. First, the news of Pavel Durov’s arrest in France has started to fade as fans await the next action by French authorities.

Durov, the founder and owner of Telegram, was arrested and is facing up to ten years in prison for activities conducted on the app. Many crypto enthusiasts, including Elon Musk and Kim Dotcom, have criticized the allegations on free speech grounds.

DOGS’ popularity and initial jump last week occurred as traders followed his arrest and arraignment.

Cryptocurrencies are not doing well

Second, the DOGS token has also retreated due to waning sentiment in the crypto industry as Bitcoin (BTC) remains in a tight range. The coin has stayed between $57,000 and $60,000 in the past few days. In most cases, altcoins struggle to find direction when Bitcoin is rangebound.

Third, DOGS’ price action has mirrored that of newly launched tokens. Typically, tokens rise in the first few days and then drop after a few days as some initial buyers start to exit their investments.

DOGS, Pixelverse, and Notcoin prices | Source: TradingView

Other Telegram tokens had a similar price action. Notcoin (NOT) initially jumped to a high of $0.02930 in the first few days and then crashed by over 71% to $0.0083. Similarly, Pixelverse (PIXFI) rose to $0.10 after its airdrop and has now dropped by over 93% from its all-time high.

Therefore, there is a risk that the token will continue falling in the near term as many investors who bought during the airdrop continue selling. If this happens, it may drop below the psychological point of $0.0010.

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Why a memecoin nearly broke the Toncoin blockchain?

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The TON blockchain went down twice within 36 hours due to an unexpected spike in transaction volumes driven by the sudden popularity of a new memecoin called DOGS. The heavy traffic caused by DOGS transactions overwhelmed the network, leading to concerns about the blockchain’s capacity to handle high volumes of activity and its overall stability.

The TON blockchain recently faced two significant outages, both linked to the sudden release and popularity of the DOGS memecoin. The first disruption occurred on 27 August 2024, when block production halted at 23:00 UTC and did not resume until 05:30 UTC on 28 August, leading to a six-hour downtime. The second disruption began on 28 August 2024 at 19:19 UTC, lasting over four hours.

Both outages were triggered by the overwhelming demand generated by the DOGS token, which led to a massive increase in transaction volume on the network. In just 48 hours, TON processed a staggering 20 million transactions, overwhelming the system to the point of breaking the blockchain. The DOGS memecoin, inspired by Telegram’s mascot Spotty, launched a large airdrop that caused congestion, and the heavy load from the token minting further strained the network during the second disruption.

Several validators were unable to clean the database of old transactions, which means they struggled to remove outdated transaction data effectively. The inability to clean up the database led to a loss of consensus among validators, as they couldn’t process new transactions correctly or maintain synchronized records of the blockchain’s state.

The underlying issue with the Toncoin network, such as many blockchain networks, relates to scalability challenges, particularly with sharding. When a blockchain network uses sharding to scale, it splits the network into smaller parts called “shards.” Each shard handles a portion of the overall transactions, which helps the network process more transactions at once. 

However, shards need to communicate with each other to stay in sync. For example, if one shard processes a transaction that affects data in another shard, the two shards must exchange messages to update their records accordingly. The messages ensure that all shards have the correct and up-to-date information.

When there isn’t much activity on the network, the communication works fine. However, during high traffic, when many transactions are happening simultaneously, the number of messages exchanged between shards increases dramatically. Processing all the messages becomes overwhelming for the network, leading to delays, slowdowns, or even failures in keeping the shards synchronized. As a result, the system is unsustainable, as the network can’t handle the volume of communication required to keep everything running smoothly.

The concept of execution isolation offers a more efficient solution to the problem. Instead of constantly communicating between different parts of the network (shards), execution isolation allows each part to handle its own transactions independently. This reduces the need for constant back-and-forth communication, which can slow things down when there’s a lot of activity.

Appchains, also known as application-specific blockchains, take this idea even further. They are specialized blockchains designed for specific tasks or applications. By focusing on just one type of activity, appchains can manage traffic more effectively and avoid the issues that come from trying to do everything at once on a single network. Examples of appchains include Polkadot Parachains, Cosmos Zones, Near Protocol Sharded Chains, Polygon Supernets, and Avalanche Subnets.

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Pháp Lý

Pavel Durov’s arrest unleashes the Streisand Effect on Toncoin

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On August 24, 2024, French authorities arrested Pavel Durov, the founder of Telegram, and released him on bail a few days later. Though the arrest cited alleged illegal activities conducted through his messaging platform, many have viewed it as an attack on free speech. The perspective has ignited a Streisand Effect, unintentionally increasing the popularity of both Telegram and its associated cryptocurrency, Toncoin.

Understanding the Streisand Effect

The Streisand Effect is a well-documented phenomenon where efforts to suppress or censor information lead to increased public attention to that very information. The term originates from a 2003 incident where Barbra Streisand attempted to block the publication of aerial photos of her home. Her actions led to the images gaining widespread attention and becoming much more popular than they would have been otherwise. And research supports this through various real-world examples and theoretical models.

For instance, a study published in the International Journal of Communication highlights how attempts to censor information often backfire, resulting in greater dissemination and public awareness than would have occurred without the censorship attempt. This is because the act of trying to hide information inherently makes people more curious about it, thereby increasing its visibility.

The same phenomenon unfolded with Telegram and Toncoin following Pavel Durov’s arrest. While Durov does cooperate with authorities to some extent by banning certain content, ​​he has consistently refused to compromise on issues that could jeopardize user privacy or restrict free speech. The approach has made Telegram a focus of scrutiny in various countries, such as Russia, Iran, and recently France, where his recent arrest is seen by many as an effort to pressure him into greater cooperation on these sensitive matters. 

Telegram and Toncoin post-arrest analysis

As Durov’s legal troubles made headlines, Telegram’s popularity quickly reflected the increased public interest. By August 26, 2024, just two days after Durov’s detention, Telegram had climbed to the No. 2 spot in the U.S. App Store’s Social Networking charts, with global iOS downloads increasing by 4%. In France, where Durov was detained, the app reached the No. 1 position in the Social Networking category and became the third most popular app overall.

Source: TechCrunch, Appfigures

When examining Toncoin, the effects of Pavel Durov’s arrest closely parallel the trends observed with Telegram. By August 26, daily transactions on the Toncoin blockchain rose by 192%, reaching 2.8 million. This number marked the highest level recorded so far this year and was the second highest in the history of the blockchain. 

Source: Artemis.xyz

Daily active addresses also saw a substantial increase, climbing by 215% to an all-time high of 888.9K. 

Source: Artemis.xyz

Additionally, daily transaction nodes increased by 174%, reaching 9.3 million, the highest recorded this year and the second highest in the blockchain’s history.

Source: Artemis.xyz

Furthermore, trading volumes on decentralized exchanges for Toncoin saw an even more dramatic increase. Volumes surged by 849%, reaching an all-time high of $167.9 million.

Source: Artemis.xyz

But not everything is so sunshine and rainbows for Toncoin. The Total Value Locked (TVL) in its decentralized applications dropped by 39%, falling to $312 million. One might assume this drop was due to the bearish news impacting Toncoin’s price, but that’s not entirely the case, although somewhat true. While Toncoin’s market cap did decline by 24%, reaching $12.9 billion by August 27, the decrease is much less than the drop in TVL. 

Source: Defillama

The only plausible explanation is that some users began withdrawing their assets from dApps, possibly selling them off. However, despite this selling pressure, the net volume on Binance, the top exchange by volume for TON,  experienced a dip from -$37.83 million to -$57.26 million on the day of Durov’s arrest but then rebounded, rising to $41.57 million by August 28 — a nearly $100 million swing back into positive territory. The same trend was observed on other major exchanges like OKX and Bybit, where TON also shifted from negative to positive net volumes during this period.

Source: TradingView

Where do Telegram and Toncoin go from here?

It will be interesting to observe how Pavel Durov’s arrest and the ongoing investigation shape the future of Telegram and Toncoin. Whether the surge in user activity and transactions for both Telegram and Toncoin will translate into sustained growth or remain a temporary spike driven by media attention remains to be seen. One thing is certain: any developments affecting Telegram, whether positive or negative, will inevitably impact TON as well. Currently, TON faces a major regulatory hurdle, which makes it a risky investment until the investigation concludes and the legal landscape becomes clearer.

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Theo Crypto News

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Toncoin turns bullish, whale transactions decline

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Toncoin is witnessing bullish sentiment for the first time after the recent price plunge amid declining whale transactions.

According to data provided by IntoTheBlock, the bullish sentiment around Toncoin (TON) has increased over the past 24 hours. 

TON recorded a 4.7% surge in the past 24 hours and is trading at $5.6 at the time of writing. The asset’s market cap surpassed the $14 billion mark, overtaking Tron (TRX) to become the ninth-largest cryptocurrency.

TON price – Aug. 29 | Source: crypto.news

The native token of The Open Network saw a 99% increase in its daily trading volume, reaching $1.3 billion.

Toncoin took a deep dive from $6.8 to $5.3 on Aug. 25 when Pavel Durov, the founder and CEO of Telegram, was arrested at an airport near Paris. Per a crypto.news report on Aug. 28, Durov faced six charges including terrorism and child abuse content, and is under supervised release.

Data from ITB shows that the number of whale transactions consisting of at least $100,000 worth of TON declined from 2,100 on Aug. 26 to 864 on Aug. 28 as the bearish momentum around the asset showed signs of a cooldown.

TON whale activity – Aug. 29 | Source: IntoTheBlock

Moreover, the number of TON tokens in retail addresses — holding less than 0.1% of the asset’s supply — increased from 438 million to 591 million coins, marking a new all-time high. 

At this point, the Toncoin whale concentration has declined by 3%, dropping to 88% of the total supply.

On Aug. 27, the number of TON daily active addresses reached an ATH of 2.23 million unique wallets with 43.82 million non-zero addresses.

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Whales accumulated 13m TON while the price was falling

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The detention of Pavel Durov, the founder and CEO of Telegram, increased the Toncoin selling pressure while large whales continued their accumulation.

According to data provided by IntoTheBlock, 92% of the Toncoin (TON) supply is held by whales and investors holding over 0.1% of the asset’s 5.1 billion total supply. The remaining 8% of TON tokens are currently sitting in retail addresses, holding less than 0.1% of the total supply.

TON whale accumulation – Aug. 26 | Source: IntoTheBlock

Data shows that large TON holders accumulated 13.14 million tokens as the asset’s price plunged below the $6 mark — hitting a local bottom of $5.32 — on Aug. 25. 

The Toncoin price plunged 20% after Durov was arrested in France where he might face up to 20 years in prison. TON’s market cap suddenly decreased by $3.8 billion, making it fall from the eighth to 11th spot among leading cryptocurrencies.

However, TON soon started to recover some of its losses as the crypto community started showing support for the Telegram founder. 

Toncoin is up by 2% in the past 24 hours and is trading at $5.62 at the time of writing. The asset’s market capitalization surpassed the $14 billion mark with a daily trading volume of $1.2 billion.

TON price and RSI – Aug. 26 | Source: crypto.news

Notably, TON briefly touched an intraday high of $5.93 earlier today but couldn’t hold longer due to increased selling pressure.

Data shows that Toncoin is slightly oversold at this price point with a Relative Strength Index of 44. High price fluctuations could be normal for TON as fear surrounds the asset.

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Crypto community rallies behind Telegram founder Pavel Durov on heels of arrest

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Movers and shakers within the cryptocurrency community took to social media Sunday to express support for billionaire Pavel Durov after French authorities arrested the Telegram founder at an airport near Paris.

According to French authorities, there was a warrant for Durov’s arrest due to the entrepreneur’s failure to adequately moderate criminal activity on Telegram. 

The price of Toncoin (TON) plummeted after news of the arrest broke. TON, a digital asset associated with the Telegram social media platform, fell to a low of $5.25 — its lowest point since Aug. 8 — and 27% below the highest point this year.

Notcoin (NOT), a token for a popular tap-to-earn mini-app on Telegram, dropped to $0.0090, down by over 25% from its highest level last week.

Notably, Hamster Kombat pre-market futures, fell to $0.19, down from last week’s high of $0.2553. 

Authorities have yet to make the finer details of Durov’s arrest public. However, according to the Financial Times, there is an ongoing investigation into whether Telegram and its members wield the platform for illicit activities like money laundering, terrorism, and child exploitation.

Earlier this month, Telegram was scrutinized for allowing users to openly share far-right and neo-Nazi views to the point where groups used the app to organize riots in the UK.

The app is also accused of failing to cooperate with investigators over drug trafficking, child pornography and fraud. Telegram denies having insufficient moderation, according to BBC.

Crypto entrepreneurs and billionaires respond

French President Emmanuel Macron has been cracking down on social media companies and aggressively enforcing content moderation. 

For example, Rumble — a U.S. and Canadian YouTube competitor — was forced to suspend its operations in the country for refusing to block pro-Russian news sources.

In an X post, Chris Pavlovski, Rumble’s CEO said:

Other social media companies have also been under pressure to moderate content.

X, formerly known as Twitter, recently shut down its Brazilian operations after a Supreme Court judge threatened locking up its employees.

X owner Elon Musk has also come under fire from Thierry Breton, an EU commissioner, for failing to moderate content on X. 

Musk also takes issue with the word “moderate,” which he equates to censorship.

Musk, the richest person in the world with an approximate net worth of $222 billion, also took the opportunity to blast other social media companies, including Meta Platforms and its CEO, Mark Zuckerberg. See below.

While Zuckerberg has never been arrested, the Facebook founder was sued for allegedly not protecting children from sexual abuse and human trafficking.

A judge has since dropped Zuckerberg from the lawsuit.

Telegram, which has over 900 million active users, has become popular because of its minimal approach t content moderation. In an interview with Tucker Carlson, Durov noted that he moved from Russia to Dubai after authorities threatened to take over the platform.

He also revealed that he was regularly followed by Federal Bureau of Investigations whenever he visited the U.S.

Durov’s arrest also drew the ire of entrepreneur Kim Schmitz, aka Kim Dotcom.

Schmitz, who founded BitCache, criticized Macron and touted support for Durov with the hashtag “FreePavel.”

In another statement, billionaire David Sacks, the co-founder of Craft, and a former PayPal Chief Operating Officer, posted unfounded claims that the U.S. was using France to circumvent the First Amendment, which guarantees free speech.

There is no link between the U.S. and Purov’s arrest as of press time. 

Michael van de Poppe, a popular crypto analyst, with over 723,000 followers, sent a post calling for his release. 

Meanwhile, Vitalik Buterin, Ethereum’s (ETH) co-founder, warned that Durov’s arrest looked very bad for the future of software and communication freedom in Europe.

Writing on the TON’s price action, DaanCrypto, another analyst with almost 400,000 followers, warned that the coin could have a short squeeze if Durov is released.

He pointed to the big Binance Coin (BNB) dip after Binance and Changpeng Zhao pleaded guilty to money laundering allegations. 

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