🗞Weekly Crypto News Roundup📢

1. TON Plummets After Telegram CEO's Arrest💸

Toncoin (TON) saw a significant drop of over 14% following the arrest of Telegram CEO Pavel Durov in France. Durov was apprehended due to a warrant issued by France's OFIM, an office focused on preventing violence against minors. The warrant relates to allegations that Durov’s platform, Telegram, has failed to moderate content linked to organized crime, including drug trafficking and distribution of child sexual abuse material. The news caused a sharp sell-off in Toncoin, reflecting market concerns about the potential implications for the platform.

2. Robert F. Kennedy Jr. Ends Independent Presidential Campaign

Robert F. Kennedy Jr. has officially suspended his independent presidential campaign and endorsed Donald Trump for the upcoming U.S. presidential election.

3. Donald Trump Promotes New Family DeFi Project🇺🇸

In a surprising move, former President Donald Trump announced a new DeFi project led by his sons, Donald Jr. and Eric Trump, through his social media platform, Truth Social.

4. JPMorgan Sees $74 Billion Opportunity in Bitcoin Mining 💲

JPMorgan has identified a $74 billion opportunity in Bitcoin mining, despite reducing its price targets for key mining companies like CleanSpark and Riot Platforms.

5. DeFi Market Poised for Resurgence📈📊

Decentralized finance (DeFi) is set to make a strong comeback, with predictions that the total value locked (TVL) in the crypto ecosystem could reach an all-time high next year.

6. Russia to Launch Crypto Exchanges for Global Trade 🇷🇺

Russia is planning to establish crypto exchanges in Moscow and St. Petersburg to facilitate international trade, with a focus on reducing dependency on the U.S. dollar.

7. Former Binance CEO CZ Moved to Halfway House😎
He has been transferred from a federal prison in California to a halfway house in Long Beach as he nears the end of his sentence.