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.

Chuks Nnabuenyi JrTADA partners with TON Foundation to launch TADA mini, a new ride-hailing service available directly through Telegram.
TADA has teamed up with the TON Foundation to launch a new ride-hailing service called TADA mini, which will be available directly through Telegram. This service lets users book rides easily within the TADA Telegram Mini App, requiring no need for extra app downloads or sign-ups.

To celebrate, TADA mini will offer free rides to the first 4,000 users from September 14 to September 18, 2024. Additionally, users who transfer $TON or TON-USDT to their Tonkeeper wallet will receive 50% off their next ride from September 16 to September 22, 2024.

TADA, launched in Singapore in 2018, doesn’t charge drivers a commission. Instead, it uses a token-based system to ensure fairness and affordability. The service has since expanded to Vietnam, Thailand, and Cambodia.

Telegram has found a smart way to keep users engaged by allowing mini-apps to run directly within the chat. This enables developers to create simple web apps that users can access without leaving Telegram.

Initially, Telegram only offered basic bots with simple functions. As user demand for more features grew, Telegram enhanced its platform with the Bot API, enabling developers to create more complex apps. These mini-apps can now handle videos, integrate with other services, and offer interactive experiences.

Telegram’s integration with The Open Network (TON) has further improved these apps by adding security and scalability through blockchain technology. One of the standout features of mini-apps is their ease of use. Users don’t need to switch between different apps, which keeps them engaged with Telegram, resulting in longer usage times.

Mini-apps also come with built-in payment options, allowing users to pay with regular money or cryptocurrency. This offers developers new revenue streams through in-app purchases, subscriptions, and advertisements.

TON Foundation and The Open Network
The TON Foundation, which supports The Open Network (TON), is striving to integrate cryptocurrency into everyday life, simplifying the management of digital identities and assets.

In other news, TON launches The Open League Season 6 with $1.2M reward

This partnership marks a significant step in merging ride-hailing with Web3 technology, leveraging Telegram’s extensive user base to enhance service accessibility in Singapore.

Harvey Kim, who heads TON Foundation’s efforts in Korea, expressed his enthusiasm for the collaboration between TADA and TON. He emphasized that for Web3 technologies to gain widespread acceptance, collaboration with popular Web2 platforms is essential to introduce users to Web3’s benefits.

Kim views this partnership as a crucial move to expand the TON blockchain’s influence in Southeast Asia. He looks forward to experiencing his first ride with TADA next week, powered by TON’s blockchain technology.
$6 million security breach has hit Delta Prime, a decentralized finance platform.

In the wake of a recent hacking attack, the perpetrators have managed to amass over $6 million worth of stablecoins and have exchanged them for ETH (Ethereum).

The latest crypto security incident, which targeted Delta Prime, saw hackers steal at least $6 million in digital currency.

On-chain security platform Cyvers reported in a Sept. 16 X post that the decentralized finance platform initially lost approximately $4.5 million.

“Suspicious address already swapped USDC to ETH! Total estimated loss is around $4.5M so far! however, a suspicious address is still draining the pools! Total loss might increase!”

Chaofan Shou, co-founder of Fuzzland, stated in a Sept. 16 X post that additional malicious transactions have raised the total amount stolen from Delta Prime to nearly $6 million.

This breach follows an incident just two months ago where a hacker stole over $230 million from India’s WazirX exchange, making it the second-largest crypto hack of 2024 so far.

The attacker has already stolen almost $6 million, and further losses still loom.

Meir Dolev, CTO of Cyvers, suggested that the attackers likely exploited a private key.

Michael Pearl, VP of GTM strategy at on-chain security company Cyvers, noted that hackers may aim at U.S. Bitcoin ETFs because of the large potential bounty.

Bitcoin ETFs, holding a combined $53.4 billion in BTC, have become a lucrative target for hackers, as noted by Dune. Four months ago, CryptoTvplus reported that North Korean hackers launched a new cyberattack campaign against South Korean cryptocurrency firms, using a unique malware variant called “Durian.”

The infamous North Korean hacking group Kimsuky deployed this new malware in targeted attacks against at least two South Korean cryptocurrency firms.

Recently, Binance revealed a new malware incident that has resulted in significant financial losses. This malware manipulates users’ clipboards, altering copied wallet addresses to the hackers’ addresses, leading to the loss of user funds
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