Telegram, the messaging app, has officially chosen TON as its preferred blockchain network for Web3 infrastructure, causing a remarkable 7% surge in the price of Toncoin.
August proved to be a challenging month for the cryptocurrency market, with both Bitcoin (BTC) and various altcoins witnessing substantial declines from their peak in July.
Telegram CEO Pavel Durov expressed his ambition to go deeper into the crypto space with the launch of a crypto wallet and DEX, despite the recent crises.