News

BlockBeats News, May 6th, according to an exchange market data, TON has surpassed $2.3, currently trading at $2.367, with a 24-hour price increase of 24.9%. On May 4th, Telegram founder Pavel Durov announced on his personal channel that Telegram will replace the TON Foundation as the driving force behind TON and become its largest validator. TON has surged from $1.375 on May 4th to today's $2.367, representing a total increase of about 72.15%.

According to a market analysis released by QCP, after Trump suspended the “Project Freedom” operation, geopolitical risk premiums retreated, oil prices declined, US stocks rose, and the US dollar weakened. BTC climbed back above $80,000, viewed as a high-beta asset performance amid improving liquidity, a softer dollar, and a rebound in risk appetite. However, the options market has yet to confirm a full breakout, with one-month at-the-money implied volatility around 41% and the 30-day risk reversal still showing elevated downside protection at roughly minus 5.5 volatility. QCP warns that the Japanese market, due to the weakening yen and rising Japanese government bond yields, could pose marginal tightening of global liquidity. BTC needs to decisively break above the $82,000 to $83,000 range.

According to PRNewswire, as reported by ChainCatcher, the crypto-friendly investment app Public has announced its acquisition of the AI investment service platform Treasury App. The specific acquisition amount has not been disclosed. This transaction aims to strengthen their AI-driven brokerage business and focuses on upgrading the investment experience with AI at the core. Currently, Public supports trading of stocks, bonds, as well as cryptocurrencies such as BTC, ETH, and SOL.