Several venture capital firms have invested over $400 million in Toncoin, the native cryptocurrency of the TON blockchain.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The TON Foundation will tap a group of Tier 1 VC backers, to raise another $400M in a token-based deal, with additional TON sales.

BNB Chain, the blockchain ecosystem previously associated with Binance, has shot to the top of the DEX market, overtaking Ethereum and Solana.

The Open Network Foundation, also known as TON Foundation, has raised more than $400 million in token-based investments from several venture capital firms, signaling growing interest in the Telegram messaging ecosystem. Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere and Karatage participated in the investment by purchasing Toncoin (TON), the native cryptocurrency of The Open Network.

Update (March 20 at 4:41 PM UTC): This article has been updated to clarify that the token sale was not directed at the TON Foundation. The Open Network Foundation, also known as TON Foundation, said several venture capital firms invested more than $400 million in the TON blockchain, signaling growing interest in the Telegram messaging ecosystem.

Investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, CoinFund, according to a press release.

TON Foundation successfully closed more than $400 million in token-based funding from some of the most reputable venture capital firms. According to a March 20 press release sent to crypto.news, investors include Sequoia Capital, Ribbit, Paradigm, Benchmark, and Kingsway.

The TON Foundation said a group of VCs including Sequoia Capital, Ribbit, Benchmark and Kingsway invested over $400 million buying Toncoin.

Bitcoin edged higher on March 20, 2025 as an injection of optimism helped several altcoins higher. XRP, Uniswap (UNI), and Bonk (BONK) are all seeing notable gains, leading the top 100 by market cap. Meanwhile, BNB Chain tokens are also rising following Binance's vote-to-list announcement on Wednesday.

The price of Binance Chain Native Token (BNB) has regained its positive momentum after breaking above the moving average lines and reaching a high of $643.

The Solana price is struggling to maintain momentum despite celebrating its fifth anniversary, as SOL battles market-wide declines and issues surrounding meme coin scams. Meanwhile, Toncoin (TON) is making waves, surging 36% after major news surrounding its founder.

BNB Chain introduced the Pascal Hardfork on March 20, an upgrade designed to boost transaction efficiency and improve its compatibility with the Ethereum Virtual Machine (EVM). This update integrates Ethereum Improvement Proposal (EIP) 7702, enabling advanced functionalities such as gas abstraction, smart contract wallets, and batch transactions.

TON Space users can now pay gas fees using Telegram Stars, further deepening the integration between the popular messaging app and The Open Network (TON).

BNB meme coins are gaining traction as the BNB ecosystem experiences a surge. PancakeSwap has been leading DEX volumes globally over the past seven days, surpassing both Raydium and Uniswap.

Following Pavel Durov's permitted leave for Dubai, Toncoin has been faring quite well.

Bitcoin (BTC) has been clinging to the 200-day simple moving average ($84,359), which suggests that the bulls have kept up the pressure. That improves the prospects of an upside breakout, signaling the corrective phase may be ending.

Toncoin: the only cryptocurrency for payments on Telegram

Most crypto market tokens experience continuing price declines while showing few signs of recovery. The Federal Reserve head Jerome Powell is under intense market observation regarding his upcoming decisions.

The new memecoin Mubarak has sparked a trading frenzy on Binance Smart Chain, fueled by Changpeng Zhao's support and its recent listing on Binance Alpha.

TUT crypto rallied as high as 180% in the past day ahead of its listing on the crypto exchange KuCoin today. According to data from CoinGecko, Tutorial (TUT) rose to an intraday high of $0.

BNB's recent surge in DEX volume and trading activity highlights growing investor confidence in the asset.

The BNB Chain has introduced the BNB Good Will Alliance which unites core members of the BNB community to implement initiatives that serve the interests of the BNB ecosystem. The alliance's first effort is a push to reduce malicious MEV [maximum extractable value] like sandwich attacks on the chain.

BNB has once again demonstrated its resilience and strength by breaking through the crucial $605 resistance level. This milestone, achieved after weeks of testing and consolidation, has sparked renewed interest among traders and investors.

Toncoin (TON), the native token of The Open Network blockchain, has recorded a massive spike within the hour. According to CoinMarketCap data, TON surged by a significant 6% in price action, rising to $3.58 within the last 60 minutes.

BNB Chain has launched the Good Will Alliance, aiming to counteract malicious maximal extractable value (MEV) practices, starting with targeted measures against sandwich attacks. The initiative aims to unite infrastructure builders, validators, and the broader community to establish ethical standards, best practices, and enhanced security within the BNB ecosystem.

A correction remains the more likely scenario for most of the coins, according to CoinStats.

Four.Meme resumes token launches on BNB Chain after addressing a liquidity manipulation attack that exploited pre-launch vulnerabilities, implementing enhanced security measures and compensating affected users. The post Four.Meme Resumes Launch Feature on BNB Chain After Attack appeared first on Cryptonews.

Telegram co-founder Pavel Durov has finally returned to Dubai after spending months in France about an investigation into illegal activities in the messaging platform. French authorities have placed Durov under judicial supervision since August 24, 2024.

BNB is among today's market leaders after seeing a 5% surge in the past 24 hours. Amid its recent performance, the token is retesting key levels, leading some market watchers to forecast new highs could be around the corner.

The decentralized exchange (DEX) trading volume on Binance Smart Chain (BSC) in the past 24 hours has reached $1.637 billion, surpassing Solana ($1.077 billion) by 34%.

Blockchain security firm SlowMist has identified a critical liquidity exploit vulnerability affecting four.meme in a recent security advisory.

More gains ahead for TON?

Binance Coin, known by its ticker $BNB, is outperforming the biggest cryptocurrencies, Bitcoin and Ethereum, if we go by 24-hour metrics.In the last 24 hours, Bitcoin ($BTC) has remained steady at $83,000, showing little movement. Despite projections of a $160,000 price target in 2025, it continues to trade at roughly half that level.While the U.S.

Bitcoin (BTC) has largely stayed above $80,000 since March 11, indicating that the bulls are not waiting for a deeper correction to buy. However, the failure to propel the price above $86,000 shows that the bears have not given up and continue to sell on rallies.CoinShares' weekly report shows that cryptocurrency exchange-traded products (ETPs) witnessed $1.7 billion in outflows last week.

The Open Network's TON is the week's biggest gainer among high-cap coins after Telegram's founder won a temporary exit from France.

The price of Toncoin (TON) is falling after its rejection of the recent high. TON price analysis by Coinidol.com.

CAKE, the native cryptocurrency of PancakeSwap, a decentralized exchange on the BNB Chain, has surged over 45% within the last 24 hours.CAKE surged from a low of $1.78 to a high of $2.69 in early Monday's session, extending yesterday's recovery from lows of $1.383. At the time of writing, PancakeSwap was up 40% to $2.48 and up 59% weekly.

On March 15, the TON Foundation announced that the French authorities had returned Pavel Durov's passport. He was now able to leave France.

TL;DR The BNB Chain has become a hotspot for meme tokens, with PancakeSwap leading trading activity and drawing over 60,000 daily users. PancakeSwap's robust daily volume of $1.63 billion outpaced Solana's, thanks to Binance's curated ecosystem that mitigates risks like rug pulls.

Pavel Durov, Telegram founder, arrested for allegedly facilitating crime, had his passport returned by French authorities, ending a lengthy battle for freedom of speech. The TON (The Open Network) token, associated with Telegram, surged 20% after the news, rising above $3.45.

Toncoin (TON) price surged 20% after Telegram founder Pavel Durov received permission to temporarily leave France amid ongoing legal troubles.

BNB jumps 25% as rumors of a Trump-Binance deal circulate. A double bottom pattern hints at a potential breakout to $875—will bulls sustain momentum?

BNB is seeing bullish sentiment from investors and traders as Binance Smart Chain's decentralized exchange volume surpasses Solana and Ethereum.

The influence of Changpeng 'CZ' Zhao drives the BNB Chain adoption as Solana's activity slows down.

It seems that the strong and long retracement that began back in December has come to an end.

Toncoin's open interest (OI) jumped 67% on March 15, 2025, hitting $169 million after reports emerged that Telegram founder Pavel Durov left France.