Since the beginning of 2024, projects based on The Open Network (TON) ecosystem in the Telegram messenger have gained immense popularity. One of them is the hybrid decentralized exchange Blum, which was created by former top managers of Binance.

What is BLUM?
Blum is an innovative hybrid decentralized exchange (DEX) that operates within Telegram, blending cryptocurrency trading with gamification. Launched on April 19, 2024, Blum is the brainchild of former Binance executives Gleb Kostarev and Vlad Smerkis. Their goal is to simplify cryptocurrency trading by offering a user-friendly platform integrated into Telegram.
Who created Blum?

Gleb Kostarev and Volodymyr Smerkis previously held senior positions at Binance.
Kostarev was Binance’s regional director for Eastern Europe, the CIS, Turkey, Australia and New Zealand. Smerkis headed the administration in these countries.
The platform allows easy access to tokens from centralized and decentralized exchanges, along with simplified derivatives trading, all within the familiar environment of the Telegram messenger.
Key Features:
- Simple Registration: Users can easily register via a Telegram bot [https://t.me/blum/app?startapp=ref_K7xcRwrjBA] and receive starter tokens to begin their journey.
- Earning Blum Points: Regular logins, daily tasks (like subscribing to social media channels), and inviting friends help users earn more Blum Points.
Gamified Experience: Blum offers a minigame called the "Drop Game" where players collect snowflakes to earn points.

Roadmap Highlights:

Blum's future features include:
- Token exchange
- Multiparty computing (MPC) wallets
- Open-ended contracts
- Launch of a mempad for users to create their own tokens within 20 seconds, which can then be traded on the platform.

The full version of Blum is set to launch in the fourth quarter of 2024, along with token listings on exchanges and potential airdrops.
#BlumCrypto #BLUM #BlumAirdrop

As the cryptocurrency market continuously evolves, excitement around potential new tokens has only increased. One token currently sparking a lot of interest is the $MBIX coin, also known as Moonbix. There is mounting speculation that the token might be listed on Binance, one of the largest cryptocurrency exchanges, either in Q4 2024 or early 2025. Despite the anticipation, there is no official confirmation regarding the exact listing date or any concrete details about the coin.

Understanding the Current Speculations
While there is significant buzz surrounding Moonbix, it is crucial to approach these rumors with caution. At this stage, much of what is being discussed in the cryptocurrency community is speculative. Some enthusiasts are predicting that MBIX could offer rewards tied to well-known cryptocurrencies like Binance Coin (BNB), USD Coin (USDC), or First Digital USD (FDUSD). However, until there is an official statement from the project developers or Binance itself, these remain mere possibilities.

Potential Listing Price Predictions
Several factors could influence the initial listing price of Moonbix if it gets listed on Binance. According to reports from a "Binance Moonbix Airdrop Snapshot Date Leaked", the airdrop may occur between October and November 2024. If similar past projects provide any indication, the launch price of MBIX could be impacted by various elements, including the overall market sentiment, investor interest, and the coin’s utility within its ecosystem.
If MBIX succeeds in generating substantial attention and backing before its listing, it could see a higher-than-average starting price. However, should the interest remain lukewarm, the price could be lower. Additionally, market trends affecting major cryptocurrencies such as BNB and USDC could influence investor confidence in MBIX, shaping its early price trajectory.
Exercise Caution
As with all cryptocurrency investments, it is important for traders and investors to tread carefully. While the anticipation around Moonbix is exciting, everything from its listing date to the possible price and rewards is still uncertain. Until more official information is released, any predictions should be viewed with caution. Investors should remain vigilant and avoid being swayed solely by market speculation.

What's Your Opinion?
We’d love to hear your thoughts on Moonbix. Feel free to follow, like, comment, and share your views on the potential Binanc
e listing of $MBIX!
#BinanceFeed #MoonbixBinanceAirdrop #Binancesquare $BNB

With the DOGS token listing on Binance today, August 26, 2024, let's explore the potential scenarios based on the current market dynamics and tokenomics.
Initial Price Action:
- Expected Peak: DOGS is likely to see a sharp increase, potentially reaching around $0.001 in the first few minutes after listing. This initial surge may be followed by a correction as early buyers take profits.
Liquidity Insights:
- Liquidity Pool: DOGS has a relatively high liquidity pool of 5.45%, which is more substantial than many new tokens. This could help stabilize the price and reduce extreme volatility, though the high airdrop percentage may lead to market manipulation risks.
Price Scenarios:
- Conservative Estimate:
- Market Cap: $800 million - $1 billion
- Price Range: Between $0.00145 and $0.00182. This prediction accounts for initial market enthusiasm and the likelihood of post-listing corrections.
- Ambitious Scenario:
- Initial Price: The price could potentially reach $0.01 if the market cap approaches $5.17 billion. This optimistic target hinges on strong community support, sustained market interest, and positive trends in the broader cryptocurrency market.
Post-Listing Predictions:
- If Market Cap Reaches $6 Billion:
- Price Target: Approximately $0.0116, assuming sustained buying pressure and favorable market conditions.
- If Market Cap Corrects:
- Potential Price Drop: Prices could fall below $0.01 depending on the intensity of sell-offs and overall market sentiment.
Strategy Recommendations:
1. Initial Sell Opportunity: If you receive DOGS tokens through airdrops, consider selling them in the early minutes to capitalize on the initial peak.
2. Monitor Additional Listings: Keep an eye on potential listings on other exchanges, as they could lead to further price increases.
3. Post-Listing Buying: Be prepared for possible significant price corrections. Look for opportunities to buy at lower prices if the market corrects after the initial surge.
#MtGoxRepayments #BinanceLaunchpoolDOGS
#GOGS

Pavel Durov, the billionaire founder and CEO of Telegram, was arrested at Le Bourget Airport in France on Saturday night. He was detained by agents from the country's National Anti-Fraud Office, causing widespread shock and panic in the cryptocurrency market.

The news of Durov's arrest sent the value of Toncoin (TON), a token linked to The Open Network associated with Telegram, into a nosedive as traders scrambled to sell off their holdings.
Details of Durov's Arrest
According to a TF1 report, Durov was traveling with a woman and his bodyguard from Azerbaijan to Paris when he was apprehended. The 39-year-old was the subject of a search warrant issued by France’s National Anti-Fraud Office (OFIM), which is responsible for combating the sexual exploitation of minors.
The arrest was the result of a criminal complaint filed by OFIM, accusing Telegram of inadequate platform moderation, which allegedly allowed criminal activities to thrive. French authorities claim that Telegram's negligence has facilitated terrorism, drug trafficking, the trade of stolen goods, and various forms of fraud.
“Pavel Durov is expected to be held in pre-trial detention... In his position, he permitted numerous crimes to occur without taking appropriate action,” an OFIM investigator told TF1.
It remains unclear why Durov, who typically avoids regions where Telegram is heavily scrutinized, chose to travel to France on August 24th.
Given the gravity of the allegations, Durov, who is also a French citizen, could face up to 20 years in prison if convicted.
Impact on TON
The Open Network (TON) was originally developed by Telegram, but the company abandoned the project in 2020 due to regulatory pressures. However, the development continued independently through a community of developers, and Telegram has since reintegrated the blockchain network into its ecosystem.
While this connection fueled a 300% increase in TON's value over the past year, the recent events have caused a major setback for the cryptocurrency. TON plummeted by 24%, dropping to $5.31 earlier today. Although the token has since recovered slightly, trading at $5.89 at the time of reporting, it remains down 13.5% for the day.

Despite Durov’s arrest, the TON blockchain protocol has assured users that it remains fully operational.
“As a community committed to free speech and decentralization, we stand firmly with Pavel during this challenging time,” read an official statement from the TON blockchain’s account on X.
Other notable figures in the cryptocurrency world, including Ethereum founder Vitalik Buterin and Dogecoin supporter Elon Musk, have voiced their support for the detained Telegram founder.
#FreePavelDurov

The Pi Network, a blockchain platform known for its bold claims and highly devoted community, is once again postponing its long-anticipated mainnet launch due to ongoing migration issues. This has raised concerns within the community regarding the project’s true intentions.

Recent statistics show that of the more than 3.85 billion migrated Pi coins, only 683 million are currently in circulation. A significant 2.63 billion Pi tokens remain locked up, a feature intended to reduce circulating supply and increase scarcity. However, this has led to questions about the network’s liquidity and the practical accessibility of its tokens for everyday transactions.

Grace Period and Migration Complications

On July 1, Pi Network announced a six-month grace period aimed at preparing for the Open Network. During this time, users, known as "pioneers," are required to complete their KYC (Know Your Customer) verification and finalize their mainnet migration.

This extension is meant to provide flexibility for users facing system blocks. However, it has also sparked speculation that the network might be using this period to encourage more users to lock up their tokens, thereby further limiting the circulating supply.

The success of this grace period is critical, as it depends on whether the network can meet its KYC and migration targets. Failure to achieve these goals could result in further delays, potentially eroding user trust. If the targets are not met, it’s possible the network will extend the grace period again, citing technical or user-related challenges, which would further delay the mainnet launch.

Another possibility is that the network could opt for a partial launch, allowing only those who have completed their migration to participate. This could lead to fragmentation and dissatisfaction within the community.

To address concerns about liquidity, the network might offer additional incentives for users to lock up their tokens. While this could temporarily stabilize the supply, it might not be a sustainable solution in the long term.

The Pi Network faces a critical test. The project must navigate these challenges successfully to maintain its credibility and deliver on its promise of creating a decentralized, widely accessible digital currency. However, the current situation, with a high number of locked tokens and persistent migration issues, indicates that there are still significant hurdles to overcome.
Pi Network Coin Price Faces Resistance

On July 14, the price of Pi coin’s IOU on HTX dropped by over 6%, settling around $40.7 after a recent spike to $49 on July 9. The price action encountered strong resistance at the top of a descending channel, indicating that the anticipation-driven surge has lost momentum.

If the uptrend were to continue, the Pi coin price would face resistance near $44 and $49. Breaking through these levels could lead to further upward movement, although current indicators suggest a bearish trend is more likely.

On the downside, a continuation of the downtrend could push Pi Network's IOU price to test the support level near $39. Should this support fail, the price could drop to $36 before any significant recovery occurs.

Additionally, the descending channel resistance suggests that the token could fall to the support line near $34, potentially leading to a 15% drop in price.

The Relative Strength Index (RSI) for Pi coin currently stands at 56.03 on the daily charts, indicating a relatively neutral stance. However, the overall chart pattern leans towards a bearish outlook.
#PiNetworkMainnet #PiNetworkkyc #pinetworknews

Pi2Day 2024 marks a significant milestone for Pi Network—it's the last Pi2Day before we launch the Open Network!
As outlined in the Open Network conditions in December 2023, our path to Open Network depends on the collective efforts of the entire Pi community, including the Core Team, community developers, and all Pioneers. Thanks to the incredible contributions and innovations of the community, we have made great progress and are right on track.
Today’s Pi2Day celebration includes updates on our progress towards meeting Open Network conditions, a review of product updates and releases since Pi Day (March 14, 2024), introductions to new releases, a preview of upcoming initiatives to advance our Open Network goals, and the launch of a community event—a new Pi2Day Open Network Challenge!
First, we are excited to announce that the Pioneer community has now surpassed 60 million engaged Pioneers!
### Open Network Conditions and Status
Today, we provide updates on the progress of our three key conditions for the Open Network.
1. Finish Preparation Work
The Core Team remains on track with technology, product, business, and legal preparations, following the consistent strategies of Pi Network. The majority of this announcement focuses on the progress made and future initiatives in these areas as we move towards Open Network.
2. Meet KYC, Migration, and Utility Creation Goals
When setting our timeline, we established three primary goals driven by community efforts:
- First, 15 million KYC’ed Pioneers: We currently have over 12 million KYC’d Pioneers, up from 9.45 million on March 14, 2024. Many KYC issues have been resolved, facilitating this increase. We expect further acceleration with additional changes and community mobilization initiatives.

- Second, migrate 10 million Pioneers to Mainnet: We now have 5.79 million Pioneers on Mainnet, compared to 4.5 million on March 14, 2024. Changes made and upcoming will continue to accelerate Mainnet migrations. Details will follow later in this post.
- Third, 100 Pi apps: These apps must be on the Mainnet or Mainnet-ready, comply with Pi platform policies, solve a true need, bring utility to the Pi ecosystem, and be distinct applications. We now have over 70 Mainnet or Mainnet-ready Pi apps that meet these criteria, up from 50 on March 14, 2024.
3. No Unfavorable External Environment
We control the Open Network launch date to avoid launching during unfavorable global conditions that could impact the crypto and traditional business ecosystems. While we don’t foresee any such events currently, we remain vigilant to ensure the best timing for our launch.
### Tech & Product Progress Towards Open Network
Since the Pi Day announcement, the Core Team has focused on advancing Open Network preparations, prioritizing KYC, Mainnet migrations, Nodes, and other initiatives like growth and post-migration lockups. Efforts to build utility and a strong community through Pioneer connections, social features, and community events have also continued. These align with the goals of achieving a critical mass of verified Pioneers on Mainnet, completing Open Network preparations, and diversifying Pi cryptocurrency utilities.
Read on to learn more and engage with the new updates available to you!
This tech and product update focuses on visible, relevant, and interesting features and work items for Pioneers, although it omits much backend work that remains crucial.
KYC
The Core Team has developed several methods to assist Pioneers in passing KYC at various stages of the application, validation, and approval processes.
#PiNetworkMainnet #PiNetworkkyc #pinetworkupdates