WAO ART

TON Foundation launches a $23.7 million Toncoin incentive program to enhance DeFi liquidity. The program aims to increase liquidity and adoption of Tether's stablecoin (USDT) on the TON Blockchain. Since its launch in April, the USDT-TON pair has seen $730 million in circulation.

By 2025, India's Financial Intelligence Unit (FIU-India) is set to approve two offshore cryptocurrency exchanges to operate in the country. The exchanges will be evaluated based on strict anti-money laundering (AML) compliance, ensuring transparency in transactions and adherence to regulatory standards.

Zambia is implementing a dedollarization plan to stabilize its currency, the kwacha, as announced by central bank Governor Denny Kalyalya. The initiative aims to restrict foreign currency use in domestic transactions, but no implementation date has been set yet.

Francis arrived in Papua New Guinea, addressing economic inequality and urging the government and corporations to prioritize the needs of local communities in resource distribution. He highlighted the widespread poverty affecting 80% of the rural population.

Russia has legalized cryptocurrencies and crypto mining as a response to Western sanctions, allowing for cross-border transactions to facilitate trade. The Russian government, initially wary of cryptocurrencies, now views them as essential for circumventing sanctions and ensuring international payments.

El Salvador marks 3 years since declaring Bitcoin as legal tender on September 7, 2021, becoming a pioneer in digital asset adoption. The country has accumulated 5,865 Bitcoin, valued at approximately $310 million, with a profit of $32.36 million through dollar-cost averaging.

VanEck’s Matthew Sigel defends Ethereum's economic model, highlighting its critical role in DeFi and blockchain apps despite current bearish market sentiment. Ethereum faces price struggles, trading at $2,298, influenced by weak demand for ETH ETFs and broader market issues, with over $500M in outflows since July.