TON Price Prediction: Technical Bounce to $1.45 Before December Correction

Market Context: Why TON is Moving Now  TON trades in a narrow range around $1.30 after declining from recent highs near $1.58, creating a technical setup that favors short-term traders over long-term holders. The Telegram-backed blockchain maintains strong fundamentals, but current price action suggests institutional profit-taking rather than retail accumulation.  Bitcoin‘s ongoing volatility continues to pressure altcoins, with TON particularly sensitive to broader crypto market sentiment. The token’s stability around current levels masks underlying weakness as longer-term moving averages remain bearish. Analysts at Blockchain.news note that TONs technical structure points to limited upside potential without a significant shift in market dynamics.  Technical Structure Analysis  The momentum picture shows TON trapped between conflicting signals. The token sits below key resistance levels while support holds just under $1.30. This compression creates conditions for a technical bounce, but the broader trend structure suggests any rally will face significant headwinds.  Hourly candlesticks (about 96 bars), same endpoint as our cryptocurrency price pages. Numbers below refresh from 1-minute klines.  Full TON price, calculator & analysis  Volume patterns indicate controlled selling rather than panic liquidation, with institutional players likely managing positions ahead of year-end. The daily trading range has contracted, typically preceding volatility expansion in either direction.  Moving average positioning confirms the bearish bias,

04-29

Elon Musk Claims He Created OpenAI — Legal Team Says Power Struggle Behind Lawsuit

Tech  Elon Musk Claims He Created OpenAI — Legal Team Says Power Struggle Behind LawsuitElon Musk claimed in court he established OpenAI, provided initial capital, and brought in its core team membersThe lawsuit targets OpenAI, Sam Altman, and Greg Brockman for allegedly betraying the nonprofit charterMusk demands $150 billion in damages, proposing funds be directed to OpenAIs nonprofit divisionDefense attorneys contend Musk pursued control and filed suit after being denied leadership authorityThe presiding judge cautioned Musk about online commentary following his “Scam Altman” posts on X  Elon Musk appeared in a San Francisco federal courtroom Tuesday, delivering testimony in his legal action against OpenAI and its executives Sam Altman and Greg Brockman. The case questions whether OpenAI violated its original commitment to operate as a nonprofit serving humanitys interests.  During his testimony, Musk asserted he originated the concept for OpenAI, assembled its founding team, and supplied the initial capital. “I came up with the idea, the name, recruited the key people, taught them everything I know, provided all of the initial funding,” he stated under oath.  Musk emphasized his intentional decision to establish a nonprofit structure. “It was specifically meant to be for a charity that does not benefit any individual person,” he explained.

04-29

Startale Group Embeds Privacy Boost, Enables Sub-500ms Shielded Asset Transfers

Tech  Startale Group Embeds Privacy Boost, Enables Sub-500ms Shielded Asset TransfersStartale Group chooses Sunnyside Labs to bring native privacy to its consumer-facing app.Privacy Boost delivers 1,800+ transactions per second on Soneium to solve transparency issues.Startale will expand private payment flows and Mini Apps as its ecosystem scales on the Sony .  Infrastructure for Private Transfers  Startale Group announced April 28 that it has chosen Sunnyside Labs‘ Privacy Boost as the official privacy partner for the Startale app, marking the protocol’s first integration into a consumer-facing platform. Privacy Boost will deploy directly on Soneium, the developed by Sony Block Solutions Labs, and embed into the app to provide self-custodial, onchain privacy features.  The app, designed as a gateway to the onchain economy, supports asset management, payments, mini apps and ecosystem rewards. The partnership aims to address transparency issues in blockchain transactions, where balances, amounts and counterparties are visible by default.  According to a media statement, Privacy Boost uses a hybrid system of zero-knowledge proofs and trusted execution environments to enable private transfers with proof generation under 500 milliseconds and throughput above 1,800 transactions per second. The system maintains user control while allowing selective auditability for compliance.  “Not every transaction needs to be private, but every user should

04-29

W3.io Launches AI-Powered Finance Control Platform on Avalanche

Tech  W3.io Launches AI-Powered Finance Control Platform on AvalancheAI agents are reshaping enterprise finance by executing payments, rebalancing positions, and moving capital without waiting for human approval.The W3 platform integrates a wide range of modular financial services into unified workflows.  Recently, W3.io (W3) made an announcement on the launch of the first control platform for agent-powered finance on the Avalanche network. This platform is already capable of performing more than 200,000 processes per day across five different enterprise verticals. Businesses are able to build, automate, and govern their financial operations, and then implement them in a single day, rather than months, thanks to the platform. An investment of strategic importance in W3 has been made by the Avalanche Foundation in order to speed up the process. The conditions were not made public.  AI agents are reshaping enterprise finance by executing payments, rebalancing positions, and moving capital without waiting for human approval. This changes the way enterprise finance is being done. They were developed for static workflows and human operators, and the controls that were supposed to regulate those choices were not designed to keep up with the pace of the situation. This leads to a vacuum in responsibility that widens with each new

04-29

Bank of Canada will likely keep its interest rate on hold at 2.25% 

Finance  Bank of Canada will likely keep its interest rate on hold at 2.25%  The Bank of Canada (BoC) is widely expected to keep its monetary policy rate unchanged at 2.25% for its fourth consecutive meeting on Wednesday, requesting more time to assess the impact on inflation and economic growth from the US-Iran war. A shift in long-term inflation expectations emerging from higher energy prices due to the Middle East conflict could trigger the next big reaction in the Canadian Dollar (CAD).  The BoC left its monetary policy unchanged at its previous meeting in March and removed forward guidance references that the current rate is appropriate. The banks statement noted that economic growth had weakened in the first quarter of the year and that the energy shock from the Middle East war would keep prices at high levels in the near-term  Canada‘s Consumer Prices Index (CPI) figures from March confirmed those views. Inflation accelerated to a 2.4% year-on-year rate from 1.8% in February, exceeding the BoC’s 2% target, yet falling short of the 2.5% expected by the market, which provides the central banks with some leeway to wait for additional data.  Source: Bank of Canada  The BoC Governor, Tiff Macklem, practically discarded any immediate monetary policy

04-29

Ross Gerber Rips Robinhoods Crypto Strategy

Crypto  Ross Gerber Rips Robinhoods Crypto Strategy  Prominent wealth manager Ross Gerber has slammed Robinhood following its latest quarterly report.  The financial pundit has described the retail trading platform as nothing more than a “gambling app.”  The companys Q1 report has shown a massive drop in cryptocurrency volumes.  ASTEROID Whales Pivot to New Memecoins but Lose All of Their Money  Ripple CEO on XRP: ‘Lock In’  The shares of Robinhood (HOOD) have tumbled by roughly 8% in post-market trading.  “Nothing more than a casino”  Robinhoods heavy reliance on high-risk and speculative trading activity has apparently backfired.  “They only make money when you gamble and lose on…. stock options, crypto and betting,” Gerber stated. “This is a gambling app, nothing more. They make money when you lose.”  Robinhoods most lucrative quarters have historically been driven by massive retail speculation in meme stocks and volatile cryptocurrencies.  The crypto slump  Robinhood posted a 15% year-over-year increase in total revenue to $1.07 billion, but it still fell short of Wall Streets $1.14 billion estimate.  Adjusted earnings per share came in at $0.38, which was below expectations.  As mentioned above, the platform has experienced a massive 47% collapse in crypto trading revenue. It has plummeted to $134 million from $252 million a year earlier.  The platform is waiting for the next

04-29

Bitcoin Hash Ribbons Flash Buy, But This Time Comes With A Catch

Bitcoin  Bitcoin Hash Ribbons Flash Buy, But This Time Comes With A Catch  Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with NewsBTC.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field.  His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone.  With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jakes insights offer valuable perspectives that bridge the gap between complex technology and everyday usage.  Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current

04-29

Canada Puts Crypto ATMs on the Ban Agenda

Crypto  Canada Puts Crypto ATMs on the Ban Agenda  The Canadian federal government has brought banning crypto ATMs entirely onto the agenda; it is targeting these devices, which it sees as the main actors in fraud and money laundering operations. In the spring economic update published on Tuesday, officials described crypto ATMs as “a primary tool for fraud and converting illicit proceeds to cash” and proposed formalizing the ban. Even if the ban comes into effect, Canadians will still be able to purchase crypto assets from legitimate physical money services businesses. The government has not yet disclosed details or the timeline of the proposal; however, this move aims to sharply limit exploitation cases in the sector. This step prioritizes minimizing the risks created by anonymous transactions.  The 4,000 Crypto ATM Network in Canada and Its Dangers  The approximately 4,000 crypto ATMs in the country host one of the worlds highest concentrations; according to CBC News data, this network operates without private sector regulations. These devices are becoming the favorites of scammers due to high commission rates (usually %10-20) and lack of identity verification. Cash-to-crypto quick purchases facilitate the instant conversion of criminal proceeds.  Global Regulations: USA, Australia, and More  The state of Indiana imposed a statewide

04-29

Elon Musk Claims He Created OpenAI — Legal Team Says Power Struggle Behind Lawsuit

Tech  Elon Musk Claims He Created OpenAI — Legal Team Says Power Struggle Behind LawsuitElon Musk claimed in court he established OpenAI, provided initial capital, and brought in its core team membersThe lawsuit targets OpenAI, Sam Altman, and Greg Brockman for allegedly betraying the nonprofit charterMusk demands $150 billion in damages, proposing funds be directed to OpenAIs nonprofit divisionDefense attorneys contend Musk pursued control and filed suit after being denied leadership authorityThe presiding judge cautioned Musk about online commentary following his “Scam Altman” posts on X  Elon Musk appeared in a San Francisco federal courtroom Tuesday, delivering testimony in his legal action against OpenAI and its executives Sam Altman and Greg Brockman. The case questions whether OpenAI violated its original commitment to operate as a nonprofit serving humanitys interests.  During his testimony, Musk asserted he originated the concept for OpenAI, assembled its founding team, and supplied the initial capital. “I came up with the idea, the name, recruited the key people, taught them everything I know, provided all of the initial funding,” he stated under oath.  Musk emphasized his intentional decision to establish a nonprofit structure. “It was specifically meant to be for a charity that does not benefit any individual person,” he explained.

04-29

Iran keeps Strait of Hormuz closed, deepening global supply chain disruptions

Tech  Iran keeps Strait of Hormuz closed, deepening global supply chain disruptions  Irans continued closure of the Strait of Hormuz during the US-Israel conflict has deepened global supply chain disruptions. The market for Strait of Hormuz traffic normalization by May 15 is at 15.5% YES, up slightly from 14% twenty-four hours ago.  Market reaction  The May 31 market for Trump lifting the US blockade of Hormuz fell sharply to 50.5% YES, down from 58% a day ago. Traders see little chance of a quick resolution. The largest single move was a 12-point spike in the May 31 market, which settled back down, suggesting volatile positioning driven by speculation rather than concrete diplomatic progress.  The Strait of Hormuz traffic market has $1,000,111 in face value per day but only $184,621 in actual USDC. It takes $37,667 to move the price by 5 points, enough to absorb moderate institutional trades but still vulnerable to large orders. The Trump blockade market has $554,169 in face value and $322,748 in real trades, requiring $16,155 for a 5-point move.  Why it matters  The closure affects not just oil and LNG but also critical minerals, with broader economic consequences. At 15.5¢, a YES bet on Hormuz traffic normalizing by May 15 pays $1,

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