CandleFocus TON set to launch synthetic Bitcoin to boost its DeFi solutions
2024-11-01
Author: Content Editor
The Open Network (TON) plans to launch a synthetic Bitcoin token called TON Teleport BTC on its blockchain. The token, with the ticker tgBTC, will allow users to trade, stake, and earn yield using BTC. TON aims to open a $10 billion liquidity for the tgBTC token, and it will maintain a 1:1 peg with the price of Bitcoin. TON previously bridged USDT onto its platform and plans to bring other tokens onto its ecosystem after the tgBTC launch. The announcement of the tgBTC launch caused TON's price to drop over 3%. In recent months, several projects, including Coinbase and Kraken, have also launched synthetic Bitcoin tokens.
Related News
How Crypto Investors Are Preparing for US Election 2024? BNB Price Analysis Post-29th Quarterly Burn; Is $800 Within Reach? Insider Suspicion in One of the Most Talked Altcoins of Recent Days Will Crypto Change How People Make Money? Bitcoin Traders Reach Six-Month Peak as Market Signals Suggest Bullish Trend US government seeks return of $13 million in political donations from former FTX executives MetaMask dev Consensys: SEC claims unsupported in law Crypto voters guide to Congressional legislation for the 2024 election Potential Death Cross Puts Dogwifhat (WIF) Price at Risk of Sharp Decline Donald Trump and Bitcoin: From 'Not a Fan' to Crypto Candidate Worldcoin Rejection At $2.1 Sparks Concerns Of Prolonged Downtrend AvaCloud Ushers in New Era of Blockchain Privacy with Acquisition of EtraPay and Launch of Privacy Suite Watch Out: Complex Altcoin Scam Detected! Security Sources Can’t Decode – Here is the Altcoin to Avoid Major earnings week weighs on tech stocks Huawei integrates digital yuan into HarmonyOS NEXT for up to 1B users ZK-proofs are more affordable than legacy ID systems — Cysic founder Frenchman behind Trump Polymarket pump has ‘no political agenda’ — WSJ Whale panics amid Bitcoin dip, sells 2,019 BTC After ‘Uptober’ plays out, what could we see in November? River Protocol acquires Llama to power decentralized governance Top Economist Slams Bitcoin as "Just Another Bubble" Renowned Analyst Claims the Cycle of Bull Markets in Bitcoin Coming Every Four Years is Over, Shares New Bull Theory Swing Trading Pro Buys 7,483 ETH, Already $2.14M in Wins! Ignoring blockchain may cost politicians at the polls — Digital Chamber CEO VanEck analyst criticizes US Treasury's outdated stance on stablecoins BIS cuts ties with controversial CBDC project mBridge, citing project maturity Polymarket odds suggest US elections will be decided by Pennsylvania Fed Rate Cut: Why A 25Bps Cut Is "Pretty Straightforward" Report: Investors Pour Billions Into Bonds and Bitcoin Ahead of Election Arthur Hayes Says This Altcoin Is His Top Pick Ahead of US Election, Predicts the Crypto Asset Will Outperform Plan a Crypto Mine Near a U.S. Military Base? Expect a Bigger Hassle Now. DWF Labs considering legal action against former partner Eugene Ng over drink spiking allegations Raydium (RAY) Price Surge Driven by Solana Ecosystem Growth Tornado Cash Developer Roman Storm’s Trial Delayed Until April Crypto Reverses Early Gains, Bitcoin Dives Back to $69K Will Shiba Inu Price Reach $10 or $100 with $10T Market Cap Grayscale Opens XRP Trust Trading, 21Shares Applies for ETF 2 cryptocurrencies to reach 100 billion market cap by year-end Battle Royale Game 'Off the Grid' Adds Trump and Harris Skins Ahead of Election Here's How Many XRP Tokens Ripple Continues to Hold Will Solana Price Reach $200 in November? Ethereum Forming a High Probability Bullish Set Up, According to Crypto Analyst – But There’s a Catch Price analysis 11/1: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB 5 Altcoins That Could Skyrocket If Trump Wins Richard Heart tells court full of US investors that HEX wasn’t aimed at them Bitcoin All Time High Has Been Postponed — Please HODL Bitcoin (BTC) Price Prepares for Next Potential Surge After Recent High Will XRP Price Hit $6 If Ripple Announces IPO? Once more into the SOL ETF breach Study suggests Bitcoin mining bans could worsen carbon footprints World Chain Eyes Ethereum Layer 2 Expansion With New Integration, WLD Price To $10? Binance distributed 1000PEPPER tokens to CHZ holders. Bitcoin bulls ride ‘Uptober’ wave, keep eye on November ‘Blair Witch,’ ‘Host’ Filmmakers Launch $25,000 Web3 Horror Film Award DePIN XYO launches on Solana US Treasury: Blockchain can improve financial system Celestia (TIA) Rises 4% Post-$890 Million Token Unlock Temasek-backed blockchain VC firm to start new investment fund: Report Bitcoin Price Falls Back After Peaking At $73,600 Solana Continues To Rise But Pauses Above $174 Bitcoin's Price Does Matter — A Lot Analyst reveals when to catch the next buying opportunity for Bitcoin Election uncertainty may put market certainty on the back burner I Did Basically Nothing And Got $500 in Bitcoin CEO Mithil Thakore of Velar: Building the DeFi Liquidity & Trading Protocol on Bitcoin’s Layer 2 Turbo Eyes Breakout As Volume And Bullish Patterns Align Michael Saylor Issues 'Winning' Bitcoin Tweet as BTC Price Dips 3% Trump’s VP pick JD Vance owns up to $500,000 in Bitcoin Shiba Inu Lead Seeks to Showcase SHIB Potential to Ethereum Vitalik Buterin Mathematically Forecasting Peak Bitcoin Price For The Next Bull Cycle Bluntz Predicts Surge for Pyth Network Bitcoin: Blackrock and Fidelity lead the financial transition Prediction Market Kalshi's Long-Game Play to Court Crypto Traders Gemini, crypto exchange: “we will focus on Italian and UK market” You are not eligible for crypto airdrops? Change your on-chain habits Argentina’s central bank hosts a live Bitcoin mining exhibit Strive ventures into Bitcoin with new wealth management division Binance Coin (BNB) Price Prediction for November 1 Ethereum Foundation’s Argot Faces Backlash Over Vyper Snub 50,000 Ethereum (ETH) Mystery Stuns Binance, But What's Really Going On? TON Blockchain Fixes Two Critical Vulnerabilities, Toncoin Price To $20? Binance Burns 1 Billion LUNC Tokens, What's Next For Terra Luna Classic? Bitcoin Technical Analysis: BTC Bulls Make Another Attempt at Price Peak Bitcoin Pullback May Signal Buy Opportunity at $62K for 20% Potential Gain to $74K: Analysis What a metaverse coin and a Trump-linked stock have in common Toncoin (TON) Whales Wake Up, Move $7.9 Billion in 24 Hours What Crypto Whales Are Buying for Potential Gains in November 2024 BREAKING: Another Company Has Applied for XRP Spot ETF – This Time It Could Be Different Nansen highlights AI-fueled NodeFi, GPUfi for DePIN investment FTX eyes $21 million asset recovery through settlements with bank and charity organization Analyst Says Shiba Inu Will Explode When This Happens Judge may call Craig Wright back to the UK so he cannnot ‘hide behind a keyboard from a closet in Thailand’ Tether shifts focus to European, Middle Eastern and African markets in the face of US legal troubles Swissblock’s Head Macroeconomist Sets Timeline for Bitcoin to Target $115K to $123K Bitcoin (BTC) Price Prediction for November 1 Macro Economist Ponders Whether XRP “Psycho Pump” Could Mark Cycle Top Cardano (ADA) Set for 42% Rally, But There's a Catch JPMorgan maintains $196 price target for Coinbase despite Q3 shortfall SHIB Lead Kusama Issues Mysterious "Growvember" Tweet — Something Coming? October Sees Lower NFT Sales Volume With Few Collections Standing Out Solana User Demand Peaks, Yet SOL Price Struggles Against New Lows How the US Fed thinks a Bitcoin ban could preserve deficit spending Canadian Public Company Adopts MicroStrategy's Playbook BitGo appoints ex-Silvergate president to oversee reward-bearing stablecoin Bitcoin's (BTC) Legendary Logo Marks 14th Anniversary: Details XRP Bollinger Bands at Record Tightness: Big Breakout Near? Smart trader with 100% win rate bought $18.8 million of ETH today Here’s why Bitcoin and altcoins could rise after weak NFP data Bitcoin can still hit $100K, no matter who wins US election Crypto Market Overview – What Happened in October? Bitcoin Mining Revenue, Profit Fell in October for a Fourth Consecutive Month: JPMorgan Bitcoin traders eye key levels as US jobs shock sends BTC price past $71K Crypto Market Overview – What Happened in October? Crypto Market Overview – What Happened in October? Crypto Market Overview – What Happened in October? Crypto Market Overview – What Happened in October? Tron’s October Revenue Hits $205 Million, Driven by Defi and 90K Memecoins Why was Bitcoin price down overnight? XRP Rebound Imminent If This Trend Continues Celestia (TIA) Price Analysis: Will TIA Break Out or Break Down? Here's How Bitcoin Price Will React If Kamal Harris Wins Financial institutions want Bitcoin and ETFs: Blockstream’s Adam Back ‘Calm Before the Storm’: Trader Predicts Bullish Bitcoin Move, Says Pullback No Cause for Concern – Here’s Why XRP Rockets 40% in Volume Amid Fresh Ripple Lawsuit Update: Details Sonic SVM tops $50M in Solana staking, announces new partnerships Ethereum Price Can Crash to $1550 Predicts Veteran Trader Peter Brandt Bitcoin’s Strong October Close: Is the Path to New Highs Open? Ethena Revisits $0.35 Support: Can It Hold or Slip to $0.20? What to Expect from XRP in November 2024: Analysts Weigh In Transak Secures Dual Licenses in Canada and Delaware for Crypto Access Daily Market Review: BTC, ETH, KAS, RAY, TIA How Polkadot is transforming blockchain technology: Report Analysts Reveal the Real Reason for Bitcoin's Decline, Warn of "Buy the Expectation, Sell the News" Event! Whale Accumulates 11,658 BTC Worth $780.5M in Strategic Buy Moves Since March US and South Korea defense pact extends to cyberwarfare, outer space $600 Million Bitcoin Transfer Stuns Major US Exchange Coinbase Is 274 Trillion Shiba Inu (SHIB) Enough? Price Makes Crucial Turn Stripe's $1.1B Acquisition Target, Bridge, Buys Web3 Wallet Platform Triangle November Token Unlocks: $2.78 Billion Set to Hit the Market Tether to launch dirham-pegged stablecoin on TON IMX Price Decline Accelerates After Wells Notice and $44 Million Token Unlock Pressure Institutional investments in Solana blockchain DApps up 54% in Q3 W-Coin reserves 70% for the community after Toncoin launch Paxos and DBS Bank Launch USDG, a US Dollar-Backed Stablecoin BREAKING: US Nonfarm Payrolls Data Released! What Was Bitcoin's (BTC) First Reaction? Cardano’s Hoskinson Sparks Controversy Over Meme Coin Rug Pull Incident Ethereum Nears $2,800 Resistance, Analysts Set $3,500 Target Bitcoin Supremacy Slips: Historic Indicator of an Incoming Bull Run? Satoshi’s First Bitcoin Collaborator Reveals What’s Next For The $1.4 Trillion Blockchain SingularityDAO community votes in favor of merging with Cogito Finance and SelfKey TON Foundation launches new Society DAO governance model TRON Integrates Chainlink Data Feeds, Boosting DeFi Security CZ Shares Crypto Selfie with Legendary “Hide The Pain Harold” Meme Guy Coinbase launches futures on silver and the crypto Stellar Whale Investor Exits LDO with $900K Loss After Three-Year Hold, Signals Major Setback for Long-Term Holders Bitcoin Maximalist Fred Krueger Questions Cardano as BTC Layer 2 Trader Outlines Path Forward for Bitcoin, Predicts BTC Breakout to New All-Time High – But There’s a Catch Crypto Price Analysis November-01: XRP, BNB, SOL, DOGE, and MKR Toncoin Price Drop Signals a Possible Buy-the-Dip Moment, But There Is a Catch 3 Reasons Why Sui Price Will 'Continue To Rip' In November Ethereum Surged from $126 to $4,860 in Last Cycle: What If XRP Surges the Same Way? Dogecoin Price Flashes Signal From 2021: Will 15,000% History Repeat? Solana Slips Below $169: Will $158 Support Hold? Terra Classic Price Plunges 10%; What’s Next For LUNC? Bitcoin's Drop on Thursday Spurred Panic Sales Among Short-Term Holders: Van Straten Ripple CTO Sheds Light on SEC’s Decision to Exclude Co-Founder Jed McCaleb Turkish investors prefer crypto over real estate and stocks — Survey Dogecoin price set for ‘parabolic move’, according to analyst November crypto markets: Macroeconomic factors could tank Bitcoin below $40K MicroStrategy Remains One of the Best Ways to Gain Exposure to Bitcoin Given its Intelligent Leverage Strategy: Canaccord M2 crypto exchange hacked for $13M, user funds already restored Electric Capital: 81% of Crypto Developers Now Based Outside the US Panic seller loses $222K in AAVE amid market fluctuation Investment Company President Speaks About Bitcoin Price After US Elections: “No Matter Who Wins, Bitcoin…” TapSwap airdrop delay continues: is it the next Pi Network? Massive Deposit Alert: Pumpfun’s $15M USDC Transfer Raises Cash-Out Speculations Analyst Says Bullish Flag in Shiba Inu 3D Chart Could Lead to 80-90% Price Surge OPSEC crashes over 78% after devs fail to deliver OPSEC V2 upgrade Why These Altcoins Are Trending Today — November 1 FLOKI Price Forecast: Key Patterns & Levels to Watch Radiant Capital $58M hack an expensive ‘lesson’ for DeFi SUI’s Bid to Stabilize Above $2 Hits a Wall as Bulls Retreat Bitcoin Exchange Binance's Native Token Has Had Its 29th Token Burn! Here's the Amount of Burned Tokens BitMEX Founder Backs Smoking Chicken Fish (SCF) Memecoin Despite Price Dip PeckShield: October crypto hacks tally up to $88.4m in losses across 20 incidents Amid Bitcoin Dip, Analyst Insists on $78K as Next Target: Can BTC Reach This Level? The crypto women: growing interest in the sector Here are the Years Shiba Inu May Reach $0.00009, $0.0004 and $0.002 Aerodrome Epoch 61 Breaks Volume Records at $5.07B Citadel Securities lawsuit proceeds against former employees’ crypto startup Bears Dominate Global Crypto Market as Ethereum Hits Critical Levels Top-Grossing NFTs of the Month: DMarket & Guild of Guardians Leads With Huge Numbers Crucial SHIB Burn Warning Goes Out to Shiba Inu Community Top Analyst Says ‘God Candle’ Loading on Solana-Based Altcoin, Updates Outlook on Bitcoin and Dogecoin Danish crypto holders pay up to 53% in capital gains tax, the highest globally Abu Dhabi Firms Launch Investment Fund to Tokenize U.S. Treasury Bill ETFs Crypto CEO Says Stop Buying XRP and Rethink Your Strategies Should you buy Coinbase stock after its post-earnings dip? XRP Whale Dumps 31M Coins As Ripple Lawsuit Nears Major Decision Ethereum price prediction: bad technicals, meet weak fundamentals Memecoins Suffer Sharp Losses as Bitcoin’s Price Dips Below $70,000 Bitcoin Gearing Up for Breakout, $175K Target This Cycle – Analyst Top 5 Countries with the Most Favorable Crypto Tax Policies in 2024 South Korea’s largest wireless carrier SK Telecom adds support for USDT stablecoin on Aptos Harris Odds Rise on Polymarket as 'Election Fraud' Allegations Ramp Up Trump Hedge Bets Paxos launches USD-backed USDG stablecoin with DBS Bank Has Russia really ‘legalized’ cryptocurrency mining? Bitget Research: ETFs not the only factor behind Bitcoin’s run Meme Coin BITCOIN Collapses by 52% XRP Price Stands Firm Amid Bitcoin’s Dip: A Sign of Strength? Cardano (ADA) Hits $2.77 Billion Barrier, Dimming Rebound Prospects Solana (SOL) Slides to Support: Bulls Ready to Defend? Shiba Inu (SHIB) Golden Cross Denied: Details Trading Legend Peter Brandt Issues Grim 38% Crash Ethereum Price Prediction $2.2 Billion Bitcoin and Ethereum Options Expiring With BTC Max Pain at Yearly Highs Bitcoin speculators send $4B to exchanges as BTC price loses $70K Bitcoin Price Drop Leads to $250M Bullish Liquidations; Crypto Sentiment Indicator Signals Top Kraken hopes to coax more users to DeFi with blockchain Ink Bitcoin Could Hit a Six-Figure Price by December, Says Crypto Analyst Michaël van de Poppe – Here’s His Outlook DeFi to Have ‘Walled Garden’ Moment as Internet of Money Matures: dYdX’s D’Haussy ZetaChain resumes block production after a six-hour outage U.S. court orders SEC vs. Ripple brief by Jan 15 Cardano Price Analysis As Analyst Says 'Bitcoiners Don't Care' About ADA Stablecoins Take Over South Korea’s Trade Sector Driven by Tether on Tron Polkadot (DOT) Eyes Breakout in 2025, Outperforming ETH, SOL, and ADA Top Trader Says He Is '5X Short' On Shiba Inu Price, Here's Why DOJ Takes Down Rug Pull Duo Behind $400,000 NFT Debacle US indicts founder of crypto firm Gotbit for alleged wire fraud Crypto firms among top targets of audio and video deepfake attacks Maker Price Forecast: MKR could stage 40% rally US stock markets take a dip as big tech AI spending worries investors Crypto funding rounds broke $2B in October, led by Animoca Brands Bitcoin Nears ATH In Nigeria, As Naira Hits Record Low Spacecoin XYZ unveils plans for first-ever blockchain network in outer space Justin Sun Wants More TradFi on Tron, Dogs Over Cats for Memecoins Will Crypto Markets Recover When $2B Bitcoin Options Expire Today? ? Nearly $300 Million in Liquidations as Bitcoin (BTC) Dumped by Over $3K 'Uptober' sees 11% Bitcoin price spike as traders ponder ‘nuclear’ rally TON set to launch synthetic Bitcoin to boost its DeFi solutions Pundit Says XRP to $22 with $1T Cap is Achievable, Agrees with BitBoy That XRP Will Flip Ethereum Bitcoin is Predicted to Reach $ 81,061 By Nov 06, 2024 US Bitcoin ETFs Amass Over Half of Gold’s Holdings in First Year Analysts Identify Timeline for XRP to Begin Its Bull Run, Citing Historical Bitcoin Halving Data Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC declines as resistance emerges near all-time high BlackRock Bitcoin ETF logs $318 million net inflows despite BTC price dip What is Polymarket? A Guide to The Popular Prediction Market PEPE Poised for a Massive Bullish Rally – Will You Catch the 300% Wave? Coinbase sees largest single-day decline in 2 years amid stock market wipeout CleanSpark targets 400MW Bitcoin mining capacity after acquiring GRIID Ethereum Price Tumbles: Will It Find a Way Back Up? Analyst Predicts Aave Rally To $220 Amid Growing Interest Ondo Finance Gains U.S. Treasury Recognition as Tokenized Treasuries Transform Finance Bitcoin Price Takes a Sharp Dip: Is This Just a Correction? “BetTom42” Pushes $3.4M in USDC on Trump’s 2024 Election Chances Bitcoin Set To Gain If Trump Wins, JPMorgan Cites ‘Debasement Trade’ As Key Factor Bitfarms inks another 10,000 Bitcoin miner hosting agreement with Stronghold Peter Schiff's Grim Forecast: Microstrategy's Bitcoin Gamble Nears Dangerous Limits ‘OG’ Bitcoin Supporter Says Crypto Will Surpass Gold And Oil – Details U.S. Inflation Edges Near Fed’s Target with 2.1% Rate in September Pundit Says XRP to $22 with $1T Cap is Achievable, Agrees with BitBoy That XRP Will Flip Ethereum Bitcoin Flirts With $70,000 as US Election Race Narrows ApeCoin Holds Steady At Key Level – Can A Rebound Follow? Top 10 Most Active Cryptocurrencies on GitHub Over 9 Months Japan crypto-heads pin tax hopes on Trump, Tamaki, as P2P usage grows in Asia regardless Bitcoin Sees Growing Institutional Demand Amid Surge Past $70,000 Mark: Analyst Solana’s TVL Surges Amid $2.36 Billion Inflows from Ethereum, but ETH Recovers Nearly Half Top Most Profitable Cryptocurrencies to Watch in October 2024: Key Updates on SUI, Dogecoin & Pendle Best Memecoin Supercycle Tokens Leading the Market MakerDAO founder proposes strict deflationary tokenomics amid rebranding process Ethereum Blobs Are ‘Insanely Bullish” For ETH Price: Breakthrough Research Bearish Sentiment Hits Ethereum Hard: Is a $3,700 Target Still Within Reach? Immutable pledges to fight after SEC ‘sprayed and prayed’ Wells notice Solana (SOL) To Reach $200 in November if This Continues, Key Reason Why Shiba Inu (SHIB) is Not in Bull Market, Bitcoin (BTC) All-Time High Is Almost In, But What's Next? Top Trader Says Layer-One Blockchain Gearing Up for SUI-Style Run After Parabolic Impulse OpenAI Launches ChatGPT Search Featuring GPT-4o Technology Metakraft AI Integrates IQ GPT for Enhanced 3D Content Creation Aave Tests Bullish Pennant Resistance: Will It Break Above It? AI News: EU To Scrutinize Nvidia's $700M Purchase of Run Labs Satoshi Nakamoto Reveal Conference In London Goes Hilariously Wrong 5 Top Crypto Traders to Follow in November 2024 Stablecoins and Blockchain Drive Demand for US Treasuries: Report MicroStrategy’s $42B Bitcoin War Chest Puts It Ahead of Coinbase in Market Cap Bitcoin needs catalyst for $100K, gold going higher, ETH still undervalued: Analyst