According to CoinDesk: Toncoin (TON) has emerged as a standout performer in the crypto market, trimming losses and outperforming major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) as the TON blockchain successfully restarted after a five-hour outage. This resilience comes despite a broader market downturn that saw significant liquidations and declines across most major tokens.The TON blockchain's downtime, partly attributed to the overwhelming popularity of the DOGS airdrop—a campaign aimed at raising awareness of Telegram founder Pavel Durov's arrest—did little to dampen the performance of Toncoin. As the blockchain came back online, TON's losses were minimized, leaving it down by less than 1%, according to CoinDesk Indices data. In contrast, the CoinDesk 20 (CD20), a benchmark for the largest and most liquid digital assets, dropped over 6.5%.The broader market saw Bitcoin slide 6%, while Ethereum, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) all fell by over 5%. XRP showed relative strength with a 3.4% decline, while TRX outperformed with a 2% drop.Market analysts pointed to a series of significant liquidations as a driving force behind the market's downward spiral. Over $300 million in crypto futures liquidations occurred, with Ether futures seeing the largest share at $102 million, followed by Bitcoin at $96 million. The resulting long squeeze, where traders are forced to sell into a falling market, exacerbated the losses.Open interest in Bitcoin futures dropped from $34 billion on Monday to $31 billion, signaling waning trader sentiment. The sell-off was further fueled by substantial outflows from U.S.-listed Bitcoin exchange-traded funds (ETFs), which saw $127 million in net outflows on Tuesday, breaking an eight-day streak of inflows. Ethereum ETFs continued their losing streak with $3.45 million in outflows."BTC ETFs saw a very large $127 million in outflows as traders appeared to take profit after the Jackson Hole rally," said Augustine Fan, head of insights at on-chain financial products provider SOFA. "Meanwhile, ETH continued its poor momentum with the 9th consecutive day of outflows."AI-related tokens, which had been riding high on anticipation of Nvidia's earnings report, also took a hit. NEAR dropped 10%, while FET and Bittensor's TAO fell by 11.8% and 11.3%, respectively. "Sentiment around AI has definitely shifted," noted Fairlead Strategies founder Katie Stockton, pointing to Nvidia's influence on market dynamics.Amid the turbulence, institutional interest in the asset class remains strong. Hong Kong-based custodian Hex Trust announced the launch of a staking partner program, providing clients with expanded access to staking opportunities.As the market digests these developments, Toncoin's ability to recover quickly from the TON blockchain's outage may signal underlying strength, even as the broader crypto landscape grapples with volatility and uncertainty.

🎮 Fanton Fantasy Football (FTON): Revolutionizing Fantasy Sports with Blockchain ⚽
🚀 Let's dive into key features and potential of #FTON in this captivating thread! 🧵👇
1️⃣ Introduction: Fanton is a play-to-earn game that merges fantasy football with blockchain tech, leveraging Telegram for seamless user interaction. Players create teams using NFT cards based on real football stars, participate in tournaments, and earn rewards in Toncoin and NFTs.
2️⃣ Technology: Built on the TON blockchain, Fanton uses NFT cards and a scoring system based on real-world football performance. It integrates a noncustodial wallet within Telegram, allowing users to manage NFTs and Toncoin easily, making it highly accessible.
3️⃣ Whitepaper Insights: Fanton aims to revolutionize fantasy sports with blockchain, offering transparent gameplay, NFT-based assets, and economic incentives through its $FTON token. The platform emphasizes security, player engagement, and scalability.
4️⃣ Use Case: Players use $FTON to purchase NFT cards, enter tournaments, and trade tokens. Performance-based rewards in $FTON create a self-sustaining economy, where players are incentivized to improve and stay engaged.
5️⃣ Team: Fanton’s team includes experts in blockchain, gaming, and sports. Backed by investors like Animoca Brands and Delphi Ventures, the team focuses on user engagement, continuous development, and strategic partnerships.
6️⃣ Partnerships: Collaborations with football leagues, clubs, and blockchain providers enhance Fanton’s authenticity and security. These partnerships are critical for the game's scalability and user adoption.
7️⃣ Security and Audits: Fanton employs robust security via the TON blockchain and conducts regular audits to protect user data and assets. The noncustodial wallet integration with Telegram ensures users maintain control over their assets.
8️⃣ Tokenomics: With a total supply of 500 million $FTON tokens, allocations are set for community rewards, development, and team incentives. Vesting periods and distribution schedules ensure a balanced and sustainable token economy.
9️⃣ Exchanges: $FTON is listed on major centralized and decentralized exchanges like Gate.io, KuCoin, MEXC, ensuring liquidity and easy access for traders. Efforts continue to expand availability, driving further adoption and market presence.
🔟 Recent Developments: Fanton recently secured $1 million in seed funding and now boasts over 3 million users and 300,000 connected wallets. New features and tournaments keep the game exciting, ensuring long-term engagement.
1️⃣1️⃣ Conclusion: Fanton Fantasy Football blends entertainment, blockchain, and financial incentives seamlessly. With its innovative NFT system, Telegram integration, and strategic partnerships, Fanton is set to thrive in the $25 billion fantasy sports market.
🌟If You find this post useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻

#BinanceTurns7 #NOT🔥🔥🔥 #ton #HSMTR #gamefi $TON
$NOT
$CATI