WAO ART

TON Coin is gaining traction this year, driven by new projects integrated with Telegram's 950 million users. Despite growth, TON Coin faces risks of profit erosion and sell-offs. Increased network deposit activity suggests investors may be looking to liquidate holdings for profit amid market volatility.

Measured in "gwei," gas fees are essential for processing transactions on the Ethereum network, varying based on transaction complexity. ETH has experienced significant price fluctuations, recently bouncing back from a low of $2,100 to just under $2,600, with uncertainty about its future direction.

In a significant move to combat the growing threat of online investment fraud, the Australian Securities and Investment Commission has successfully taken down over 7,300 websites in just 12 months. Despite an increase in reported scams, losses dropped to $2.77 billion in 2023, a 13.1% decrease from the previous year.

A Florida woman, Maria Vaca, is suing Google for $5 million after losing her investment to a scam cryptocurrency app, Yobit Pro, downloaded from the Google Play Store. Despite a complaint from the Consumer Financial Protection Bureau, Google allegedly took three months to remove the fraudulent app.

Nigeria's FIRS chairman, Zacch Adedeji, announced plans for an Executive Bill to overhaul revenue collection and regulate the cryptocurrency industry. The bill aims to simplify tax laws, harmonize revenue collection, and replace outdated laws, such as the 1939 Stamp Duty Act.

Coinbase and KuCoin have applied for licenses to operate in Turkey, joining a growing list of 76 applicants since new regulations were introduced. Turkey's crypto adoption is booming, with projected user penetration reaching 30.24% in 2024 and over $1.7 billion in revenue.

The social network X has ceased its local operations in Brazil due to judicial censorship orders. The orders were issued by Alexandre de Moraes of the Supreme Federal Tribunal, threatening jail time for X's legal representative if not complied with.