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The price of TON has surged more than 20% over the last 24 hours to now trade above $3.45 and have a $8.14 billion market capitalization after French authorities returned Telegram founder Pavel Durov’s passport.The move restores Durov’s ability to travel freely and marks the end of a situation that had drawn concerns from privacy and free speech advocates. Durov, who co-founded Telegram, a messaging platform with nearly a billion users, has long been an outspoken advocate for privacy and secure communication.Read more: TON Down 14% as Telegram CEO Pavel Durov Arrested in FranceThe TON Foundation, which supports the Telegram Open Network (TON), celebrated the moment on social media. “As part of the decentralized TON community, we have stood in...

SEC Commissioner Hester Peirce, the newly named head of the regulator's crypto task force, has long been a proponent of the crypto industry as one of the Republicans overseeing the federal securities regulator. She discussed her approach with CoinDesk in late February.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.'Right the ship'The narrativeSEC Commissioner Hester Peirce spoke with CoinDesk on Feb. 28, 2025, hours before U.S. President Donald Trump announced his White House crypto summit.Why it mattersThe U.S. Securities and Exchange Commission is one of the key regulators overseeing the crypto sector in the country, and has been the source of much ire. Peirce, who...

Solana’s SOL and xrp (XRP) edged up 5% in the past 24 hours to lead gains among majors Saturday as bitcoin (BTC) saw resistance at the $84,000 price level.SOL surged 7% as a contentious SIMD-0228 drew to a close late Thursday in favor of those against it, keeping its current inflation schedule intact. The proposal drew the highest voting turnout in Solana’s governance history, as reported, with those against saying a passage could disrupt parts of its flourishing DeFi ecosystem and dispel chances of further institutional interest.XRP rose 5% following a strong week for closely-related Ripple Labs, which bagged a payments license in the UAE and, per sources, is said to be on track for a close of its...

Newly elected Canadian Prime Minister Mark Carney, who recently won a leadership contest of the Liberal Party to replace Justin Trudeau, has dramatically increased his odds of winning the next federal election in the eyes of Polymarket bettors.Carney now has a 49% chance of winning the next Canadian election, compared to 26% a month ago. Conservative opposition leader Pierre Poilievre's chances are at 51%, down from 72% in February.The next Canadian federal election is scheduled to occur on October 20, 2025.However, under Canada's Westminster system, if the opposition Conservatives and NDP jointly vote against the minority Liberal government on a confidence motion after Parliament resumes from prorogation on March 24, requested by Trudeau on Jan. 6, as he announced his...

Trading volumes for Cardano's ADA token have exploded of late with daily figures averaging around $720 million in February while exceeding an average of $1.4 billion in March.This rise was spurred by a social media post by U.S. President Donald Trump, who mentioned ADA as one of the tokens that would be included in the nation's strategic crypto reserve.Although Cardano is enjoying its moment of mainstream attention, the layer-1 blockchain has been quietly emerging as a crypto juggernaut since it went live in late 2017.Adoption metricsThe ADA token has a market cap of $25.6 billion but what's more notable is what's under the hood; data from Google shows that the Cardano blockchain has more than 5 million unique wallets and...