Toncoin, the token of The Open Network, slid more than 20% after Pavel Durov was reportedly taken into custody at a Paris airport on Saturday.
A digital asset linked to Telegram Messenger LLP fell sharply on Monday after the messaging app’s co-founder was detained at a Paris airport.
Toncoin, the token of The Open Network, slid as much as 16% after Pavel Durov was taken into custody on Saturday on suspicion of failing to take steps to prevent criminal use of Telegram.
The 10th largest cryptoasset pared some of the drop to trade at $5.7 as of 10:36 a.m., Monday in Singapore.
The Open Network — or TON — blockchain has access to Telegram’s 900 million monthly users via a partnership and seeks to enable services such as in-app payments and games. TON’s rise spurred speculation that Telegram has a shot at becoming a “super-app” in the style of Chinese giants like WeChat.
The three-year-old foundation behind the project says it’s separate from Telegram. But the ties between Telegram and TON turned the latter into one of crypto’s most-hyped initiatives. Pantera Capital Management LP in May described a purchase of Toincoin as the firm’s largest-ever investment.
Billionaire Durov is also Telegram’s chief executive officer. The Dubai-based company issued a statement saying it abides by European laws, including the Digital Services Act, and that Durov has “nothing to hide.”
It’s “too early to tell” what impact Durov’s detention will have on Telegram longer term, said Richard Galvin, co-founder of hedge fund DACM, which purchased TON tokens in a private round in early 2023. The weekend market reaction “factored this uncertainty into the TON price” for now, he added.
Galvin said the key appeal of the TON-Telegram relationship “is the ability to introduce Telegram’s vast user base to crypto functionality,” and that “anything that weakens the competitive position of Telegram is negative for TON.”
Governments have faulted Telegram’s relatively light-touch approach to content moderation for encouraging criminality, while free-speech proponents praise the platform as a venue for open discussion. Telegram is popular with the crypto community, for instance for sharing investment tips.
TON on its X social-media account joined the likes of Elon Musk in expressing backing for Durov, reposting the hashtags #FreePavel and #FREEDUROV and changing its logo to the “Resistance Dog” in a further show of support.
The value of assets locked on the TON blockchain surged this year to a peak of $1.1 billion last month but the figure has now retreated to $661 million, data from DefiLlama show. Toncoin’s price more than tripled in the past year and the token has a current market value of about $14.4 billion, according to CoinGecko.
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Telegram是一款跨平台的即时通讯软件,用户可以相互交换加密与自毁消息,发送照片、影片等所有类型文件;Telegram有加密聊天的功能,使用这种功能,聊天双方的内容完全保密,不会担心被监控或被第三方偷窥。官方提供Android、iOS、Windows、macOS、Linux和网页版等多种平台客户端;同时官方开放应用程序接口,有许多第三方的客户端可供选择 。

电报英文全称“Telegram”,是一款跨平台的即时通讯软件,用户可以相互交换加密与自毁消息,发送照片、影片等所有类型文件。Telegram具有端对端加密、阅后即焚等功能;当用户阅读消息后,消息在指定的时间内(设置每条消息的有效时间)会自动销毁,一旦消息过期,就会从用户的设备上消失,并且聊天内容不允许转发。

Lately, there’s been a lot of buzz in the Telegram gaming community about two highly anticipated token airdrops: CATI from the puzzle game Catizen and HMSTR from the viral tap-to-earn game (T2E) Hamster Kombat.

TG是Telegram软件的缩写。Telegram是一款跨平台的即时通讯软件,用户可以相互交换加密与自毁消息,发送照片、影片等所有类型文件;Telegram有加密聊天的功能,使用这种功能,聊天双方的内容完全保密,不会担心被监控或被第三方偷窥。官方提供Android、iOS、Windows、macOS、Linux和网页版等多种平台客户端。

Bitget and DuckCoop partner for a giveaway

A press release from French prosecutors said he could be released Wednesday, but the market isn't confident he'll be out by then.

Telegram mini-app Catizen, a tap-to-earn and play-to-airdrop gaming platform, announced on Sep. 7 it had reached a total of 34 million users in its first six months.

The announcement came on Saturday evening, Pavel Durov, CEO and founder of the social network Telegram, was arrested at Le Bourget airport by the Air Transport Gendarmerie

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