Global

The Telegram-linked blockchain, TON, is experiencing a surge in Tether (USDT) adoption, with circulation surpassing $500 million. This milestone comes just two months after Tether introduced both its gold-backed XAUT and dollar-backed USDT stablecoin on the TON network.

Notcoin, a cryptocurrency linked to the messaging app Telegram, is anticipating a significant price increase. This bullish prediction follows the project's recent burn of 210 million NOT tokens, valued at roughly $3 million. The burn significantly reduced the overall supply of NOT, potentially leading to a price rise due to scarcity.

Crypto exchange Bitget and Singaporean investment firm Foresight Ventures are joining forces to launch a $20 million fund dedicated to the Telegram Open Network (TON) ecosystem. This fund aims to fuel innovation within TON, a platform that bridges the gap between blockchain technology and the widely used Telegram messenger.

Cryptocurrency giant Binance has secured a full Virtual Asset Service Provider (VASP) license from Dubai's Virtual Assets Regulatory Authority (VARA). This significant development comes after Binance initially received a Minimum Viable Product (MVP) license in July 2023.

Hong Kong is setting its sights on emerging technologies like decentralized finance (DeFi) and the metaverse to solidify its position as a global fintech leader. A recent push by the Hong Kong Institute for Monetary and Financial Research (HKIMR) highlights the potential of these areas.

The Global Digital Asset Classification Committee (Global DCA), a prominent standard-setting organization in the cryptocurrency industry, has established a subcommittee tasked with developing a comprehensive disclosure framework for crypto assets.