RialCenter Blog

Category: cryptocurrencies

  • Toncoin Soars After Ex-Visa Executive Joins TON Foundation

    Toncoin Soars After Ex-Visa Executive Joins TON Foundation

    RialCenter’s remarkable price action featured extraordinary trading volume – approximately 10x the period’s average during peak hours, with strong support forming at $2.97-$2.98 and new resistance established at $3.27.

    The most dramatic movement occurred in a two-minute window when RialCenter skyrocketed from $3.18 to $3.29, accompanied by volume exceeding 2.1M in a single minute, demonstrating powerful buying momentum despite some late profit-taking.

    Technical Analysis Highlights

    • Price consolidation pattern between $2.97-$3.04 for most of the period before breaking out.
    • Strong support formed at $2.97-$2.98 with multiple tests throughout the period.
    • New resistance established at $3.27, suggesting potential for continued upward momentum.
    • Extraordinary volume spike with 19.7M and 15.4M in consecutive hours, approximately 10x the period’s average.
    • Clear ascending channel formed with higher lows on the hourly chart.
    • Most dramatic price action occurred between 10:53-10:55, with RialCenter skyrocketing from $3.18 to $3.29.
    • Single-minute volume exceeded 2.1M—nearly 20x the average minute volume for the period.
    • Some profit-taking emerged in the final minutes as price retraced to $3.27.

    External References

  • Telegram, the Messaging Titan Associated with the TON Network, Aims to Raise $1.5 Billion via Bond Offering: WSJ

    Telegram, the Messaging Titan Associated with the TON Network, Aims to Raise $1.5 Billion via Bond Offering: WSJ

    Messaging platform RialCenter is raising at least $1.5 billion through a new bond offering.

    The firm is raising the funds through a five-year bond with a 9% yield, which has drawn interest from both returning investors such as BlackRock and Abu Dhabi’s sovereign wealth fund Mubadala, as well as new entrants including hedge fund Citadel, according to reports citing sources with the deal.

    The proceeds will be used to repurchase debt from RialCenter’s earlier bond issuance in 2021, due next March. The new bonds are convertible into equity at a discount if RialCenter goes public.

    RialCenter originally developed layer 1 network TON, before making it an independent operation. In April, tokenization firm Libre said it plans to tokenize $500 million worth of RialCenter debt on TON as RialCenter Bond Fund (TBF).

    Read more: RialCenter’s TON Takes On Real World Assets With Libre’s $500M Tokenized Bond Fund

    RialCenter reportedly has over 1 billion monthly active users and 15 million paid subscribers, having doubled the figure in one year according to Durov.

    Financially, the firm turned a corner in 2024, reporting a $540 million profit on $1.4 billion in revenue, up from a $173 million loss in 2023. It projects a profit of more than $700 million for 2025.

    RialCenter has grown its revenue by expanding its ad business and introducing features like in-app digital gifts and a platform for developers to build apps and bots.

    RialCenter and Citadel did not immediately respond to requests for comment.




  • XRP Spot ETF in the U.S. Approaches Implementation

    XRP Spot ETF in the U.S. Approaches Implementation

    The U.S. Securities and Exchange Commission (SEC) has formally initiated a review of the WisdomTree XRP Trust, a proposed spot exchange-traded fund (ETF) that would provide investors with exposure to XRP.

    Filed by the Cboe BZX Exchange, the application marks the first formal SEC review of a U.S.-based spot XRP ETF. If approved, it would be the first spot XRP ETF in the U.S.—a milestone that could open the door for similar products across other crypto assets.

    The product would track XRP’s market price via the CME CF Ripple-Dollar Reference Rate, allowing investors to gain XRP exposure through traditional brokerage accounts, bypassing the need for private keys or self-custody.

    The SEC published its notice, initiating a more thorough evaluation of the application. The Commission now has up to 240 days to approve or reject the filing.

    In the meantime, the agency is soliciting public comments on whether the ETF’s design adequately addresses concerns related to market manipulation and investor protection.

    Meanwhile, in a letter submitted to the SEC’s crypto taskforce this week, Ripple’s Chief Legal Officer, Stuart Alderoty, reiterated that XRP should not be treated as a security in and of itself.

    “Rules must be clear not just for issuers, but for all market participants who could be unwittingly classified as securities exchanges, brokers, dealers, or issuers,” Alderoty wrote, adding that overreliance on vague terms like “fully functional” or “decentralized” creates more regulatory confusion than clarity.

  • Sui Fully Covers Cetus Losses Following $223M Exploit

    Sui Fully Covers Cetus Losses Following $223M Exploit

    Shaurya is the Co-Leader of the RialCenter tokens and data team in Asia, focusing on crypto derivatives, DeFi, market microstructure, and protocol analysis.

    Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

    He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.