TON Ecosystem Token Surges, TON Sees 24-hour Price Gain of 20.7%

On March 16th, market data indicates that the exchange rate of XRP/ETH once reached 0.00128 and has now retreated to 0.00123, reaching a new high since March 2020. Moreover, based on FDV data, the XRP FDV market capitalization is $238.75 billion and the ETH market capitalization is $232.18 billion.

March 16th: The Interoperability protocol Union posted on the X platform that the early draft of Union's tokenomics was leaked through Union Notion. This draft was formulated prior to Union Labs' Series A financing. Since then, substantial modifications have taken place, and the document no longer reflects the current viewpoints on Union's tokenomics. At present, no decisions have been reached regarding any tokenomics-related issues. The Union tokenomics team is constantly researching the best practices from other projects and adjusting plans to serve the Union community in the long term.

March 16th. According to reports from the National Broadcasting Company (NBC) and the Cable News Network (CNN), on March 14th, Vice President Vance of the US, during an interview with NBC, acknowledged that Elon Musk, the head of the US Department of Efficiency, had made some mistakes in carrying out the large-scale layoffs of federal government employees. Vance said in the interview, "Elon himself has admitted that there are times when mistakes are made in what one does, and then one corrects them. I accept these mistakes. I also believe that one must correct these mistakes promptly. But I am also very clear that there are many excellent people in the government—many people are performing very well. We hope to retain as much as possible of the effective parts of the government while getting rid of the ineffective parts." CNN stated that this is the first time that a senior official from the White House has admitted that Musk made some mistakes while working with the Department of Ef

On March 16th, as reported by News.bitcoin, a federal jury in San Francisco found Rowland Marcus Andrade, the founder and CEO of AML Bitcoin, guilty of telecommunications fraud and money laundering. Andrade is scheduled to be sentenced on July 22, 2025. He could face a maximum of 20 years in prison for telecommunications fraud, up to 10 years in prison for money laundering, and the seizure of assets related to his crimes. Based on the evidence presented during the trial, 47-year-old Andrade from Texas misappropriated more than $2 million from AML Bitcoin sales for personal use, such as purchasing two properties in Texas and two luxury cars. He laundered investors' funds through various bank accounts and then used these funds to finance his own purchases. The jury determined that Andrade falsely claimed that AML Bitcoin was about to obtain approval from the Panama Canal Authority, when in fact, no such agreement existed. Through these false statements, he raised millions of dollars fro

On March 16th, Coinbase Institutional made a disclosure of data showing that Coinbase Prime, which was launched four years ago, had only approximately 50 institutional clients in its first month of 2021. Nevertheless, the number of institutional clients has now grown to thousands. The business encompasses trading, staking, financing, and custody services. The asset under management on Coinbase Prime's platform has reached $40.4 billion, and the quarterly institutional trading volume has reached $364 billion. It provides custody for over 430 assets and offers trading for more than 250 assets.

On March 16th, based on market data, tokens in the BSC ecosystem generally witnessed an increase. These include:
In the last 24 hours, BNX surged by 12.08% and is now priced at $1.1464.
In the last 24 hours, THE surged by 10.71% and is now priced at $0.3909.
In the last 24 hours, CAKE surged by 9.57% and is now priced at $1.866.
In the last 24 hours, BAKE surged by 9.46% and is now priced at $0.144.