The significant cash inflows to the TON network from institutional investors will bolster bullish sentiment.
The TON/USD pair has not yet broken out of crucial resistance levels to kickstart a fresh bull rally.
The Open Network (TON) has emerged as a top contender in the highly anticipated 2025 crypto altseason. Toncoin (TON), a large-cap altcoin with a fully diluted valuation of about $16 billion and a 24-hour average trading volume of around $114 million, has experienced low bearish sentiment in the recent past, signaling a potential momentum shift.
The vast integration of the TON ecosystem with the Telegram messaging platform has helped attract new customers. Furthermore, TON price has depicted extremely small price correlation with Bitcoin (BTC) price action, thus acting as a reliable alternative altcoin.
Most importantly, only 20 percent of TON coin holders are currently in profit signaling a high chance of bullish sentiment ahead.
Midterm Expectations for TON
YTD, TON price has been trapped in a falling logarithmic trend, but the bottom has likely happened. In the daily timeframe, TON price has been forming a potential reversal pattern, characterized by double bottom coupled by a rising divergence of the Relative Strength Index (RSI).
Additionally, the daily MACD indicator has signaled bullish sentiment, especially after crossing above the zero line again.
In case of further bullish sentiment, TON price is well positioned to rally towards the next liquidity range between $4.6 and $7.2. However, TON price must consistently close above the daily logarithmic trend to invalidate further market correction.
Fundamental Outlook
The Open Network has grown to a robust blockchain ecosystem with more than 400 node validators who have over 700k staked assets. As of this writing the TON network had a total value locked of about $138 million and a stablecoins market cap of about $1 billion.
The TON network is expected to grow exponentially in the coming months, backed by top-tier web3 venture capitals and global liquidity expansion.
Alex Mashinsky faces up to 20 years in jail as the US DoJ (Department of Justice) pursues the Celsius founder and former CEO for orchestrating a years-long campaign of lies and self-dealing.
Prosecutors are pushing for such an extreme punishment, citing Mashinsky as an example of the repercussions of crypto misconduct.
CEL Token Soars 70% Amid Mashinsky’s 20-Year Sentence Risk
The US DoJ issued the request in a sentencing memo filed on Monday, April 28, asking the court for a 20-year jail term for Alex Mashinsky.
The prosecution calls Mashinsky out for “deliberate, calculated” fraud, which resulted in the loss of almost $7 billion in customer funds.
Despite this report, CEL, the powering token for the Celsius Network, is up by over 70%. As of this writing, data on CoinGecko shows CEL was trading for $0.1507.
This request comes five months after Mashinsky’s guilty plea, following fraud charges, including CEL token market manipulation, and avoiding a January trial. Commodities fraud and price manipulation were among the schemes linked to Celsius’s collapse.
According to the DoJ, while Mashinsky pled guilty, he still refuses to accept responsibility. Instead, he is reportedly shifting blame to regulators, market conditions, and even his victims.
“Mashinsky’s crimes were not the product of negligence, naivete, or bad luck. They were the result of deliberate, calculated decisions to lie, deceive, and steal in pursuit of personal fortune,” the DoJ contends.
Meanwhile, this case traces back to July 2023 when the US SEC (Securities and Exchange Commission) sued Celsius and Mashinsky. The securities regulator cited the two defendants for:
Misrepresentation of the central business model and risks to investors.
Misrepresentation of financial success.
Misrepresentation of the safety of customers’ assets on the Celsius platform.
Market manipulation of Celsius (CEL) tokens
Beyond the DoJ and SEC, other agencies, including the CFTC (Commodities Futures Trading Commission), FTC (Federal Trade Commission), and the US Government, had also filed similar charges against Celsius and Mashinsky.
“SEC, DOJ, CFTC, and FTC all sued/charged Celsius and Mashinsky in the past hour. Rough day,” db reported at the time.
Meanwhile, efforts to make victims whole have included unstaking the platform’s Ethereum (ETH) holdings. In January 2024, Celsius informed its followers on social media that it was working to compensate victims.
“The significant unstaking activity in the next few days will unlock ETH to ensure timely distributions to creditors,” read the post.
More recently, Celsius announced the second payout to creditors, citing $127 million in Bitcoin (BTC) and US dollars based on eligibility.
Mashinsky’s sentencing is set for Thursday, May 8. If the court agrees to the US DoJ’s push for a 20-year sentence, Alex Mashinsky would have received a lesser sentence than FTX’s Sam Bankman-Fried (SBF) 25-year jail term.
FTX has launched legal action against NFT Stars Ltd. and KUROSEMI INC. (d/b/a Delysium) for failing to deliver tokens it is entitled to under contract. This step follows numerous attempts to resolve the issue without litigation. FTX plans to reach out to other token and coin issuers with outstanding assets and will file additional lawsuits against those who remain unresponsive. The company urges these parties to engage promptly to avoid further legal action.
The post FTX Takes Legal Action Against Token Issuers Over Unprovided Assets appeared first on Coinpedia Fintech News
FTX has launched legal action against NFT Stars Ltd. and KUROSEMI INC. (d/b/a Delysium) for failing to deliver tokens it is entitled to under contract. This step follows numerous attempts to resolve the issue without litigation. FTX plans to reach out to other token and coin issuers with outstanding assets and will file additional lawsuits …
BloFin, a futures-focused trading platform and Title Sponsor of TOKEN2049 Dubai 2025, is accelerating the next generation of trading infrastructure.
According to its April 2025 technical performance report, BloFin’s trading system outperforms many top-tier global exchanges in key areas, including speed, stability, efficiency, and automation. From ultra-low-latency execution to industry-leading memory and CPU optimization, and the highest level of broker integration and API openness, BloFin is building an infrastructure designed for professional traders and institutions.
Low-Latency Performance Across Devices: BloFin Delivers Seamless Trading on Both Web and Mobile with Institutional-Grade Speed and Stability
– Data Source: Google PageSpeed Insights – Core Web Vitals (CWV) performance data
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– Data Source: Google PageSpeed Insights – Core Web Vitals (CWV) performance data
Ranking Top 3: BloFin Among the Best-in-Class Exchanges for Mobile App Efficiency
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The platform currently supports full public API access for futures trading, including copy trading strategies. More than 30 external brokers, including CCXT, CoinStat, and Compendium, are already integrated, making it easy for institutional traders, quants, and strategy providers to connect and operate at scale.
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Follow BloFin X（Twitter）｜Telegram｜Instagram｜YouTubeAbout BloFin BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MADE.” For more information, visit BloFin’s official website at https://www.blofin.com.
