TON could rally following partnership with Trust Wallet

Source Fxstreet
  • Trust Wallet announced its latest partnership with The Open Network.
  • With TON, Trust Wallet aims to make the Telegram ecosystem more accessible to crypto users.
  • TON is up 1% following the announcement.

TON is up 1% on Tuesday following its integration into the Trust Wallet platform. This would enable the wallet's users to gain access to a wide variety of applications across the TON ecosystem.

Trust Wallet partners with The Open Network

Trust Wallet announced its official partnership with The Open Network (TON) in a social media post today.

The collaboration with TON will enable Trust Wallet users to gain access to TON's applications across the Telegram ecosystem. This will also help Trust Wallet developers integrate TON's dApps and GameFi services on Telegram into the wallet. 

The partnership will also allow Trust Wallet's 10 million users to gain access to the TON cryptocurrency and its underlying blockchain network.

TON has grown massively since its integration on Telegram, surging more than 40% in H1 2024. The rise follows the increased adoption of play-to-earn tokens like Notcoin and Hamster Kombat.

TON network also recently launched its W5 system wallet, offering users gasless fees and allowing them to make transaction payments using USDT and NOT tokens. Additionally, TON revealed its plans to launch a Bitcoin bridge, allowing users to hold BTC on its network.

As a result, the alliance between Trust Wallet and the TON network may set Toncoin up for a potential rally due to a potential increased accessibility and faster onboarding process into its ecosystem.

TON is currently up 1% following the announcement.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
October hike odds climb toward 60% as Goldman and BofA both flip — what Warsh's "dose of accommodation" really changedRate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
Author  Irene Q.
Sep 23, Wed
Rate futures now price roughly 55% to 62% for a 25bp hike at the October 27-28 FOMC, up from about 30% before Chair Warsh's post-meeting framing that the Fed is merely "removing some accommodation." Goldman Sachs has added an October hike to its forecast and Bank of America now sees moves in both October and December. Here is the repricing, the language behind it, and the two data points that decide it.
placeholder
Gold holds steady below $4,150 amid elevated US yields Gold price (XAU/USD) trades on a flat note near $4,140 during the early Asian session on Tuesday. Pressure from a stronger US Dollar (USD) and elevated US Treasury yields was offset by reduced expectations of a Federal Reserve (Fed) rate hike this month.
Author  FXStreet
Yesterday 01: 14
Gold price (XAU/USD) trades on a flat note near $4,140 during the early Asian session on Tuesday. Pressure from a stronger US Dollar (USD) and elevated US Treasury yields was offset by reduced expectations of a Federal Reserve (Fed) rate hike this month.
placeholder
Japanese Yen drifts lower as sustained USD buying offsets intervention fearsThe USD/JPY pair attracts some buyers following the previous day's two-day price moves, trading above the 158.00 mark during the early part of the European session on Tuesday.
Author  FXStreet
23 hours ago
The USD/JPY pair attracts some buyers following the previous day's two-day price moves, trading above the 158.00 mark during the early part of the European session on Tuesday.
placeholder
AUD/USD Price Forecast: Struggles to return to 0.7000 amid firm US DollarThe Australian Dollar (AUD) gives back its early gains after rising to near 0.6975 and turns marginally lower at around 0.6964 against the US Dollar (USD) during the European trading session on Tuesday.
Author  FXStreet
21 hours ago
The Australian Dollar (AUD) gives back its early gains after rising to near 0.6975 and turns marginally lower at around 0.6964 against the US Dollar (USD) during the European trading session on Tuesday.
placeholder
WTI rises to near $89.50 as Middle East supply threats offset Persian Gulf recoveryWest Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $89.50 per barrel during the Asian hours on Wednesday. Crude oil climbed as persistent risks to Middle East energy flows overshadowed signs of rising supply from the region.
Author  FXStreet
5 hours ago
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $89.50 per barrel during the Asian hours on Wednesday. Crude oil climbed as persistent risks to Middle East energy flows overshadowed signs of rising supply from the region.
goTop
quote