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 @jessepollak, The Open Platform (TOP) has become the first unicorn in the TON ecosystem with a $1 billion valuation following a $28.5 million funding round led by Ribbit Capital. This development signals growing investor confidence in The Open Network (TON), Telegram's blockchain partner, which aims to onboard a billion users to crypto. Pollak's analysis highlights that this is part of a broader asset tokenization trend that is evolving beyond its initial success with stablecoins. He notes that stablecoins have achieved clear product-market fit, with over $250 billion in circulation used for payments and as key trading pairs for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The next phase of tokenization is expected to involve more complex instruments, with structured credit and private funds identified as prime candidates for disruption. Tokenization in these areas promises to enhance transparency, automate processes via smart contracts, and increase liquidity, though regulatory and KYC/AML challenges remain significant hurdles for widespread adoption.

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 @jessepollak, the crypto landscape is seeing significant infrastructure development alongside critical warnings from industry leaders. A new TON-based money market protocol, Affluent, aims to transform Telegram into a DeFi 'super app' by offering lending and yield strategies through a mini app, as stated in an announcement. In a significant development for Bitcoin (BTC), the EVM-compatible Layer-2 network Botanix has launched its mainnet, promising to reduce block times to five seconds and enable Ethereum dApps on the Bitcoin ecosystem. Similarly, Ripple has officially launched the XRP Ledger's (XRPL) EVM sidechain on mainnet, allowing developers to deploy Ethereum-based applications using XRP as the native gas token. These developments come as Ethereum (ETH) co-founder Vitalik Buterin issued a stark warning at EthCC, arguing that the ecosystem is at risk if decentralization remains a mere catchphrase and projects fail security tests against insider attacks and centralization. Furthering institutional involvement, Robinhood (HOOD) is building its own Layer-2 network on Arbitrum for tokenized assets, and Deutsche Bank (DB) plans to launch a crypto custody service.

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 @doctortraderr, The Open Network's native cryptocurrency (TON) has decisively broken the $3 resistance level, supported by trading volume nearly three times the period average, indicating potential institutional accumulation. Technical analysis reveals a clear uptrend with strong support established at $2.94 and a new level forming at $2.982 after a V-shaped recovery. This bullish momentum is further fueled by ecosystem developments, as a new TON-based protocol named Affluent, co-founded by a former TON Foundation director, aims to establish Telegram as a financial 'super app' for DeFi, offering lending pools and yield strategies. This development follows Telegram's formal endorsement of TON as its blockchain of choice for Web3 infrastructure, strengthening the fundamental case for the asset.

According to @rovercrc, Elon Musk's social media platform X is preparing to launch investment and trading features 'soon,' as stated by CEO Linda Yaccarino. The move aims to transform X into an 'everything app' for financial services, which could significantly impact the crypto market given Musk's known advocacy for Dogecoin (DOGE) and Tesla's substantial Bitcoin (BTC) holdings. This development parallels the push by the TON-based protocol Affluent to turn the messaging app Telegram into a financial super app for decentralized finance (DeFi). Affluent, co-founded by a former TON Foundation director, plans to offer lending pools and yield strategies directly within Telegram, aiming to simplify the user experience and boost DeFi adoption. For traders, these parallel moves by two major platforms signal a potential surge in mainstream crypto integration, creating speculative interest around associated assets like DOGE, BTC, and especially The Open Network's TON.

According to @paoloardoino, two significant trends are shaping the DeFi and Layer-2 landscape for traders. First, the TON-based money market protocol, Affluent, is launching as a mini-app within Telegram to create a 'financial super app,' as stated by co-founder Justin Hyun. This initiative aims to provide integrated lending pools and yield strategies directly to Telegram's user base, potentially simplifying DeFi adoption and boosting liquidity for The Open Network (TON). Second, OP Labs, the developer behind Optimism (OP), predicts a future where every crypto exchange and fintech firm operates its own blockchain within five years. Sam McIngvale, head of product at OP Labs, highlighted the success of Coinbase's L2 network, Base, which was built on the OP Stack. He explained that these custom blockchains allow firms to monetize dormant assets, such as Bitcoin (BTC) held in custody, by moving them to an L2 to facilitate borrowing and lending of stablecoins like USDC. This model is being replicated by exchanges like Kraken, Bybit, and OKX, signaling a major strategic shift towards building interoperable L2 ecosystems.

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 glassnode, Cost Basis Distribution is now a standalone metric in Glassnode Studio, providing full-resolution charts and precise supply visibility for major Layer 1 cryptocurrencies including SOL, TRX, XRP, DOGE, BNB, and TON (source: glassnode on Twitter, June 20, 2025). This update expands analytical capabilities for traders by allowing more granular assessment of entry points and holder distribution across these coins, supporting more informed trading strategies and enhancing risk analysis on major altcoins.

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 Bubblemaps on Twitter, Bubblemaps V2 is now fully public with no waitlist or access barriers, allowing traders and investors to instantly sign up and analyze on-chain data for cryptocurrencies like TON. This upgrade provides direct access to advanced on-chain investigation tools, making it easier for users to track token distribution patterns, identify potential whale activity, and enhance trading strategies in the crypto market. The public launch is expected to facilitate more transparent and informed trading decisions, especially for those monitoring TON and related assets (Source: Bubblemaps Twitter).

According to @ton_blockchain, TON Blockchain has partnered with a leading analytics provider to deploy advanced real-time tracking and deep clustering algorithms, now available for traders. These tools are designed to improve transparency, enhance on-chain data analysis, and offer actionable insights for traders in the TON (TON) ecosystem. The integration is expected to increase institutional and retail trading activity, as users can monitor market movements and wallet behaviors with greater accuracy (source: @ton_blockchain Twitter, June 2024).

According to BubbleMaps (@bubblemaps), BubbleMaps V2 is now live on the TON blockchain, enabling traders to transparently track token movements, whale activity, and insider trades in real time. This new analytics tool offers greater visibility into Telegram Open Network (TON) token flows, helping traders identify large holders and suspicious transactions that could impact price volatility. With the rapid pace of the TON community, this platform provides a competitive edge for crypto investors seeking to monitor on-chain activity and make informed trading decisions. Source: BubbleMaps Twitter

According to glassnode, Glassnode Studio has introduced Cost Basis Distribution as a standalone metric, now offering full-resolution charts, precise supply visibility, and expanded support for leading Layer 1 cryptocurrencies such as SOL, TRX, XRP, DOGE, BNB, and TON (source: glassnode on Twitter, June 18, 2025). This enhancement provides traders with granular on-chain data to better evaluate market entry and exit points, optimize risk management, and track the cost basis of tokens across major networks. The expanded asset coverage and improved data resolution are expected to help crypto traders identify accumulation levels and market sentiment shifts more accurately.

According to PlayGoatGaming on Twitter, the latest updates include the announcement of TON Raffle winners and the launch of a new Telegram GIFTS game, both of which are built on the TON blockchain. These developments are designed to boost user activity and community engagement, potentially increasing on-chain transaction volume and liquidity for TON (source: playgoatgaming.substack.com). Traders should monitor TON for price volatility and increased trading volume following these community-driven initiatives, as well as related events like NFC Lisbon and the AlphaGOATs Checker tool, which could further impact user sentiment and adoption metrics.

According to Simon (@skilllevel7) on Twitter, the upcoming NFC Summit in Lisbon from June 4–6, 2025, will feature 'TON OF PEOPLE,' a dedicated area for Telegram and TON communities focusing on onboarding the next billion users into the crypto ecosystem (Source: Twitter/@skilllevel7, May 29, 2025). This event is expected to generate significant industry attention, potentially increasing utility and demand for TON tokens and related blockchain projects, which traders should monitor for market impact.

According to IntoTheBlock, the transaction volume on TON has reached new heights, hitting 9.03 billion $TON, equivalent to approximately $34.28 billion, in the past week. This significant increase in volume indicates that whales are still actively trading within the protocol despite recent price volatility, suggesting continued confidence or strategic positioning in the asset.