By Shikha Singh
TON Daily Transactions Soar 1,200% Despite Telegram Woes.
Over the past month, TON has demonstrated impressive resilience in the crypto market, with a 1,800% surge in Total Value Locked (TVL) and daily transactions skyrocketing from 100,000 to 1.2 million, according to BitGet.
This growth is largely due to its deep integration with Telegram, which has driven user and trading activity.
Bitget COO Alvin Kan emphasized that tapping into Telegram’s vast user base has been critical to their success and leadership position.
Telegram’s TON Ecosystem Drives Binance’s Latest Token Listings.
Binance aims to tap into new markets and leverage Telegram’s massive user base with its surprise listing of five TON tokens.
Colin Wu and WuliGy discussed how these tokens could drive trading volumes by offering continuous engagement, unlike meme coins.
The move targets regions with growing Web3 adoption and aims to boost Binance’s market presence and daily trade volumes.
BNB Chain Introduces Gasless Stablecoin Payments Initiative.
BNB Chain has announced an update to enable gasless stablecoin transactions, aiming to make payments faster, cheaper, and more accessible.
This initiative, unveiled on September 18, will support fee-free transfers for Tether (USDT), Circle USD (USDC), and First Digital USD (FDUSD).
The update includes partnerships with centralized exchanges like Binance and Gate.io, as well as wallet providers such as Bitget Wallet and SafePal.
DBS Set to Introduce Crypto Options & Structured Notes.
DBS Bank, Singapore’s largest bank with a $105 billion market cap, will expand its crypto services in Q4 2024 due to rising demand from high-net-worth clients.
The bank plans to introduce over-the-counter crypto options trading and structured notes for accredited investors holding Bitcoin and Ethereum.
MiCA Crypto Alliance Teams Up with DSF to Nail Down Regulatory Compliance.
The DLT Science Foundation is backing the MiCA Crypto Alliance, which includes Hedera, Ripple, and Aptos Foundation.
This group aims to help the crypto industry meet the EU’s MiCA regulation, focusing on transparency and climate impact disclosures.
The alliance will standardize compliance measures and provide resources to manage regulatory costs. Hedera will handle sustainability, Ripple will ensure transparency, and Aptos will support blockchain security.
Switzerland’s SIX Explores Launching Crypto Exchange.
The Swiss stock exchange, SIX Group, is considering launching a crypto trading platform in Europe, aiming to attract institutional investors by leveraging Switzerland’s favorable crypto regulations.
This move comes as cryptocurrencies gain recognition and investment following the US approval of bitcoin and ethereum ETFs.
SIX may expand its existing digital exchange to include crypto trading, potentially mirroring its Singapore venture, AsiaNext.
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