According to @dydxfoundation, the Solana-based DEX Jupiter is pausing all DAO votes until the end of 2025 due to a breakdown in trust and an ineffective governance structure, as stated by executive Kash Dhanda. While active staking rewards of 50 million JUP per quarter will continue, no new DAO-funded work groups will be created. This news follows a 21.8% decline in JUP's value over the past 30 days. Separately, the TON Foundation announced a UAE Golden Visa program for Toncoin (TON) holders who stake $100,000 in TON for three years. The announcement, made by TON Foundation CEO Max Crown, caused TON's price to surge 12% and trading volume to spike over 250% above its 30-day average. Technical analysis shows the price moved from $2.75 to a peak of $3.06, with new support forming around $2.86-$2.89. The initiative has drawn skepticism from figures like Sigil Fund's Joe HedgedHog and former Binance CEO Changpeng Zhao, who questioned whether it is an official government partnership or a marketing effort by a third-party firm, highlighting the lack of a formal UAE government announcement.

According to @rovercrc, authorities in the United Arab Emirates, including the Federal Authority for Identity (ICP), the Securities and Commodities Authority (SCA), and Dubai's Virtual Assets Regulatory Authority (VARA), have officially denied reports that staking Toncoin (TON) can secure a UAE Golden Visa. This statement directly refutes a claim made by Max Crown, CEO of the TON Foundation, which had caused TON's price to surge 12% to nearly $2.9. VARA further clarified that TON is not a licensed or regulated virtual asset within its jurisdiction, and the ICP confirmed that digital currency investors are not currently included in the golden visa framework. This official debunking provides critical context for traders analyzing TON's recent price volatility.

According to @cas_abbe, Toncoin (TON) is displaying strong bullish momentum, forming a clear short-term uptrend pattern supported by significant trading volume. The technical analysis highlights the establishment of higher lows at $2.80, $2.81, and $2.83, which confirmed the uptrend's structure. A key resistance level at $2.85 was broken on exceptional volume, with peak volume exceeding 69,000 units, indicating strong buying pressure. Further analysis reveals TON established a solid support zone between $2.94 and $2.96 before executing a decisive breakout above the $3.00 milestone. This upward move was supported by substantial trading volume, including spikes of 1.87 million and 1.54 million units. Despite a sharp pullback to $2.98, buyers quickly re-entered the market, establishing a new support base between $3.00 and $3.01 and reinforcing the strength of the current uptrend.

According to @rovercrc, Toncoin (TON) is displaying a strong short-term bullish uptrend, having established higher lows at $2.80, $2.81, and $2.83. The analysis indicates a significant resistance breakthrough at $2.85 occurred on exceptional volume, with strong support confirmed at $2.82 during multiple retests. This technical strength is fundamentally supported by news that The Open Platform (TOP), a developer tools provider, raised $28.5 million in a round led by Ribbit Capital and Pantera Capital, reaching a $1 billion valuation. This makes TOP the first unicorn in the TON ecosystem, signaling growing institutional investor confidence and potentially fueling further positive price action for TON.

According to @CryptoMichNL, XRP is consolidating within a tightening trading range near $2.15, signaling a potential breakout as technical indicators show decreasing volatility. The analysis highlights firm support for XRP (XRP) around the 38.2% Fibonacci retracement level, with key support identified at $2.133 and resistance near $2.186. Flat RSI and MACD indicators further suggest a pre-breakout structure is forming. In parallel, Toncoin (TON) has successfully moved past the $3.00 milestone after establishing a strong support base between $2.94 and $2.96. The source notes that this upward move was supported by significant trading volume, with a new support zone forming between $3.00 and $3.01, confirming the strength of its current uptrend.

According to @KookCapitalLLC, the USELESS memecoin has surged to a $100 million valuation by embracing its 'useless' narrative, with its current market cap standing near $90 million. One prominent backer, Unipcs, invested $382,000, which has grown to over $2.3 million, arguing that USELESS is undervalued compared to other memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) because it honestly represents the speculative nature of all such tokens. In separate analysis, Toncoin (TON) is exhibiting a short-term bullish uptrend, having risen 1.5% in 24 hours. Technical analysis cited by the source points to a solid uptrend structure confirmed by higher lows at $2.80, $2.81, and $2.83, a resistance breakthrough at $2.85 on high volume, and strong support confirmed at $2.82.

According to @tonanalytics, Magic Nodes technology now enables traders to instantly discover hidden wallet clusters on the TON blockchain, including previously undetected funding addresses and insider connections. This advancement is expected to improve due diligence, risk assessment, and trading strategies for TON (Toncoin) by providing greater transparency into token flows and wallet relationships. Increased visibility may also contribute to more informed trading decisions and reduce the risk of market manipulation in the TON ecosystem (Source: @tonanalytics).

According to Jack Booth (@jbfxdotme), Telegram is projected to generate $1.4 billion in revenue in 2024 from its ecosystem, with the Financial Times citing Toncoin as a primary driver of this growth. The integration of Toncoin into Telegram’s platform is enhancing user engagement and transaction volume, positioning TON as a significant asset for traders amid rising demand for crypto payment solutions and decentralized applications. This development signals increased institutional and retail interest in Toncoin, potentially boosting its liquidity and price momentum in the crypto market (Source: Jack Booth on Twitter; Financial Times).

According to @jbfxdotme, Pudgy Penguins is significantly expanding into the TON blockchain ecosystem with the launch of official Telegram stickers and the new PenguClash game, developed in collaboration with @elympics_ai. This move integrates Pudgy Penguins into the growing TON community and leverages Toncoin for in-game rewards, increasing on-chain activity and user engagement. The partnership is expected to drive Toncoin demand as users participate in PenguClash battles, making TON and related NFTs more attractive for traders and collectors (source: @jbfxdotme, Twitter, May 9, 2025).

According to Santiment (@santimentfeed), the crypto community's attention has shifted towards Bitcoin and Layer 1 assets such as Ethereum, Solana, Toncoin, and Cardano. These assets collectively account for 44.2% of discussions among specific coins, indicating a strategic interest shift that traders might consider for portfolio adjustments.

According to Santiment, the concentration of holdings among the top 10 wallets is notably high in Shiba Inu (SHIB) with 61.3% of the total supply, which could imply a risk of increased price volatility due to potential large sell-offs. In Ethereum (ETH), 46.1% of the supply is held by the top wallets, suggesting a relatively more decentralized distribution compared to SHIB. Chainlink (LINK) and Toncoin (TON) show similar centralization levels with 33.1% and 32.8% respectively, indicating moderate risk levels. Traders should consider these concentrations when assessing market stability and potential investment risks.

According to @lookonchain, a major liquidity provider for $TON has removed all their liquidity and sold 356,545 $TON, valued at $1.98 million, at a price of $5.57 per token within the past 4 hours. This could indicate a bearish sentiment or a strategic move by the holder.

According to @CoinbaseIntExch, Coinbase International Exchange and Coinbase Advanced will add support for Bittensor, Toncoin, and Tellor perpetual futures. The trading for TAO-PERP, TON-PERP, and TRB-PERP markets will commence on or after 9:30am UTC on July 25, 2024. This development is significant for traders looking to engage with these specific cryptocurrencies.