🚀 Telegram's crypto coffers have ballooned to a whopping $1.3 billion in H1 2024, up from $400 million at the end of 2023. The Financial Times reports that profits from selling Toncoins and a deal with The Open Network (TON) have given the company a financial cushion amid legal woes for founder Pavel Durov.

- Telegram raked in $525M in revenue, with $353M from crypto sales.

- A $225M deal allowed TON tokens to be the exclusive ad currency, though this ended on Oct. 1.

- Despite Durov's arrest in France, TON's price bounced back, joining a broader market rally.

With 950M monthly users, Telegram remains a top app favorite!