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TON Foundation Appoints Maximilian Crown as CEO to Accelerate Growth

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  • Crown leverages his experience from MoonPay to boost TON blockchain
  • TON blockchain users surge to 41 million, despite token dip
  • TON Foundation aims to onboard 30% of Telegram’s active users by 2028.

The TON Foundation has selected Maximilian Crown, co-founder of MoonPay, as the new CEO. The foundation appointed Maximilian Crown after the former CEO, Manuel Stotz, became president of the board. This move seeks to strengthen the position of the TON blockchain in the market.

As the CEO of TON Foundation, Maximilian Crown will contribute his extensive experience from his position as CFO and COO at MoonPay. He spearheaded the company expansion and forged partnerships between MoonPay and banks, payment companies, as well as regulatory authorities. Crown’s business connections and experience could fuel the growth of the TON blockchain.

TON Foundation’s Global Expansion

The TON Foundation seeks to develop its blockchain services as well as increase its adoption among Telegram users. The TON blockchain plans to utilize its fast and scalable blockchain to onboard 30% of Telegram’s users by 2028. Crown believes TON’s distinctive integration with Telegram provides the blockchain with a competitive advantage to grow internationally.

The TON blockchain has experienced major growth, with an increase from 4 million to 41 million in its active users over the past year. However, the TON token encountered a 46% price drop in the same period. The increase in active users and investor interest indicates future potential in the blockchain.

Maximilian Crown’s appointment follows a major capital investment in the TON network. Furthermore, venture capital firms such as Sequoia Capital and Benchmark invested $400 million in the Toncoin cryptocurrency. The investment will drive further development and expansion of the ecosystem.

TON Eyes Payment Growth Under Crown

Crown will lead the development of foundation payment systems. His expertise to navigate complex regulatory challenges will be essential in TON’s integration of blockchain technology. His ability to obtain regulatory approvals in various jurisdictions makes him suitable to manage TON’s expansion hurdles.

The TON Foundation’s leadership changes match its mission to transform Telegram into a multifunctional “Super App.” This approach seeks to improve user experience and add features such as blockchain-powered payments, games, and shopping. The partnership with Telegram will play a major role in the expansion of the ecosystem.

The TON blockchain continues to pursue its objectives despite fluctuations in daily fees and transactions.

Uniswap Teams Up with Robinhood, MoonPay to Simplify Crypto-to-Fiat Trades: Report

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  • Uniswap partners with Robinhood, MoonPay, and Transak to simplify crypto-to-fiat transactions worldwide.
  • Crypto-to-fiat conversions now take just a few clicks through Uniswap’s wallet on Android and iOS.
  • The platform secures legal win as the SEC ends investigation into its operations, boosting DeFi confidence.

Uniswap has partnered with firms like Robinhood, MoonPay as well as Transak to integrate crypto to fiat. Since February 27th, users from 180+ countries will be able to sell certain cryptocurrencies and withdraw their funds to bank accounts. This functionality is now live on the Uniswap wallet for Android and iOS and will be rolled out to the platform extension and web app at a later stage.

Conventionally, the process of converting crypto to fiat currency has been cumbersome and lengthy. Another inconvenience which the users had to face was logging in to the centralized exchanges, managing their crypto addresses and waiting for confirmations. This will be more helpful for platform as to make the process as easy and smooth as possible. In the new system, exchanging between cryptocurrency and cash is a simple process taking a couple of clicks.

Uniswap’s Legal Victory

The announcement comes at a time when there is good news for platform in regard to its services. The US securities regulator, SEC, ended the investigation into Uniswap Labs on the 25th of February. The SEC stressed that it would not take any enforcement action against the firm, which was considered the triumph of decentralized finance (DeFi). Uniswap Labs made the news to cheer by terming the outcome as a big triumph that benefits all parties in DeFi markets.

The platform continues to be the non-centralized exchange market chief boasting of a total value locked (TVL) of $4.2 billion. Nevertheless, its total value locked in its platform has declined by 30% since the start of 2021. This decline is witnessed in the broader crypto market pullback and is lower than the $10 billion recorded in 2021.

Uniswap’s Ongoing Developments

The company also introduced some new features upon the launch of its v4 in late January. Upgrade of the platform provides benefits both to the users and the developers. Currently, it is integrated with 12 blockchains, which enables customers to engage in decentralized trading more conveniently. 

However, despite these changes, UNI, declined by 10.60% and trading at $7.24. This is in line with a general decline in the cryptocurrency market in the last couple of weeks.

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Uniswap continues to be developing new products and services and has won some legal battles. However, it has not yet been established whether these measures can regain the current trends in a market.

Ripple, Galaxy Execs Loaned $160M to MoonPay Amid Trump’s Meme Coin Liquidity Demand

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  • MoonPay secured $160M in loans from Galaxy and Ripple to handle TRUMP memecoin demand.
  • TRUMP token surged to $10B market cap in 48 hours triggering a liquidity crisis for MoonPay.
  • MoonPay onboarded 750,000 new users after receiving critical loans during TRUMP launch.

The crypto exchange platform MoonPay encountered unexpected cash flow problems after Donald Trump’s TRUMP memecoin was officially launched. The rapid success of the TRUMP token created an extreme financial strain on MoonPay prompting them to seek help from Galaxy Digital and Ripple immediately.

Rapid Demand for TRUMP Memecoin Triggers Financial Scramble

TRUMP memecoin launched on January 18 triggered intense market demand which propelled its market value from $200 million to more than $10 billion within 48 hours. The token’s historical market rise led to its acceptance across multiple exchanges together with over $20 billion worth of trading volume during its first two days. The launch timing of Trump Coin occurred during a weekend followed by public holidays, so the exchange lost access to its fiat accounts and failed to meet required liquidity needs surpassing $100 million.

MoonPay contacted Mike Novogratz, who secured a $100 million USD Coin (USDC) loan to respond to their liquidity problem immediately. The rapid financial help enabled MoonPay to sustain trading activities throughout the initial demand surge for the TRUMP token.

The CEO of Moonpay, Ivan Soto-Wright, provided his Bitcoin holdings worth $100 million to serve as security for a loan the company received.

Additional Financial Support Amid Continuing Demand

The surge in trading volumes became even more intense after the crypto exchange introduced the Melania Trump MELANIA token, which caused it’s liquidity requirements to escalate rapidly. MoonPay executives identified that the existing loan amount was insufficient and they contacted Ripple for additional support.  The situation’s urgency led to the contracting of Ripple’s CEO, Brad Garlinghouse. Ripple issued a $60 million USDC payment as a loan when they conducted extensive investigations into MoonPay’s financial state and held assets.

Ripple’s extra funding was an essential safeguard for conducting business during the continuous increase in token requests. Moreover, the crypto exchange controlled its financial crisis through strong collaborative efforts between Galaxy and Ripple, showing operational strength in the cryptocurrency sector.

Stabilizing Operations and Expanding the User Base

The company showed strong financial capability by successfully replying to Galaxy and Ripple loans on January 21 after the holiday weekend. The quick solution and timely repayment of large-scale emergency loans proved the strong relationship and trust between MoonPay and its funding partners.

After the memecoin launch the crypto exchange experienced remarkable platform growth, with 750,000 new users signing up. The incident tested the company’s operational capabilities under high-stress conditions in the crypto market, strengthening its operational stability.

MoonPay Strengthens Crypto Payments with $175M Helio Deal

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Key Takeaways:

  • MoonPay acquires Helio for $175 million, its largest acquisition to date.
  • Integration expands crypto payment options on Shopify and Discord platforms.
  • The strategic move hints at broader growth under a pro-crypto regulatory environment.

MoonPay crypto payments major acquired blockchain payment processor Helio, a milestone for the organization of $175 million, according to the reports. To-date, MoonPay has entered this biggest deal after making series investments in expanding payments infrastructure across fiat and the wider crypto-enabled transactions.

Helio’s innovative technology allows for simple digital currency transactions on leading e-commerce platforms, such as Shopify and Discord, making the scope of usability for digital assets even larger.

This acquisition fits into the strategy at MoonPay for making digital currency mainstream, both for businesses and consumers, while trying to bridge the gap between traditional payment systems and DeFi. With Helios expertise on board, MoonPay is now positioned to reimagine online payment experiences as fast, cheap, and decentralized.

Expanding DeFi Horizons Amid Policy Shifts

With the growing interest in decentralized finance, MoonPay is now making its move to disrupt traditional payment systems and has a great potential. The integration of Helio adds more strength to MoonPay’s scalable on-chain payment solutions, aligned with its vision of changing the global payment rails.

This is part of a trend that reflects optimism over the U.S. regulatory landscape under a crypto-friendly administration. After months of restrictions, renewed promises of deregulation and innovation-friendly frameworks may well signal that the resurgence for U.S.-based crypto firms is around the corner.

This deal brings MoonPay, which is already partnered with major players such as PayPal and Venmo, one step closer to becoming a leader in this constantly changing digital currency payments area.

Future Implications for the Crypto Industry

For analysts, the deal is a signal that the market is very likely to face a consolidation wave in the digital asset industry. Though crypto companies are getting more and more into mergers and partnerships, bringing all of Helio’s functionality into MoonPay’s ecosystem can raise the bar for others.

This is just in time when expectations of the environment are seen to be in favor of the growth of cryptos. While the U.S. is making its attempt to regain the position of the global hub of digital currency innovation, moves like this one will more likely set in motion further advances in payments, trading, and marketplace solutions.

Nevertheless, the acquisition of Helio by MoonPay marks one of the important moments in crypto, reflecting potential from decentralized technologies and strategic investment for such growth and development into its future state.

Related Reading | Cardano Eyes Massive Ripple Deal: $165M TVL Boost Potential

MoonPay Makes History with Dutch MiCA Approval and Texas Growth

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Key Takeaways:

  • MoonPay has received approval to operate in the Netherlands under MiCA.
  • The company expands services in Texas, offering crypto transactions via Venmo and PayPal.
  • MoonPay’s global expansion includes obtaining 45 Money Transmitter Licenses across the U.S.

MoonPay, a global leader in crypto payment solutions, has announced that it has secured approval to operate as a licensed crypto business in the Netherlands. The license is under the European Union’s Markets in Crypto-Assets regulation and represents a key milestone for the company.

The MiCA bill, which was ratified by the European Parliament in April this year, had in its sights a pan-European regime for digital assets under one regulatory roof.

Given that the entire framework will be fully performed by December 30th, this successful approval given to MoonPay will surely have helped to indicate a full readiness for enhancement of its European presence, coupled with serious security and compliance standards. Ivan Soto-Wright, the co-founder and CEO of MoonPay, expressed his firm’s excitement, stating that MiCA constitutes a turning point for digital assets in Europe.

Expanding Crypto Accessibility in Texas

It is not behind in the U.S. either, as it has just expanded into Texas. The Texas Department of Banking granted MoonPay a Money Transmitter License, which will enable the firm to provide money transmission services within the state. Residents in Texas will henceforth be able to buy 64 different cryptocurrencies using Venmo and PayPal, thus increasing digital currency access in the Lone Star State.

Texas is a focal market for the company, with the state having one of the most extensive Bitcoin mining operations and massive crypto ownership. An estimated one out of five Texans owns some form of cryptocurrency, a move that will tap into increasing demand. It will also roll out services to enable Texas residents to sell popular cryptocurrencies like Bitcoin, Ethereum, and Solana in 2025.

MoonPay’s Global Regulatory Footprint

Its commitment to compliance reflects in the way MoonPay is proactive with its processes for securing regulatory approvals across different parts of the world. It has just gained 45 new Money Transmitter Licenses across different states in the U.S. that allow its access into diverse markets.

This expansion is part of MoonPay’s broader strategy to become a trusted player in the global crypto ecosystem, ensuring that both users and regulatory bodies can have confidence in its operations.

Related Reading | XRP vs ADA: Which Token Could Gain 500% and Dominate 2025’s Crypto Investments?

MoonPay Eyes $150 Million Acquisition of Helio Pay to Strengthen Web3 Presence

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  • MoonPay is in advanced talks to acquire Helio Pay for $150M, marking its largest deal since 2018 to expand crypto payment services.
  • Helio Pay, which processes over $1.5 billion annually, has emerged as a Web3 leader.
  • Despite investment challenges, MoonPay’s Helio acquisition could strengthen its Web3 presence and boost growth in the DeFi market.

MoonPay, proving to be a major player in the crypto payment solutions industry, is in advanced negotiations to acquire the Web3 payment processing firm Helio Pay for $150 million. In case the deal comes to fruition, it will be the biggest deal in MoonPay’s history since its inception in 2018 as it steps up its participation in the crypto payments market.

Helio Pay’s Market Position

In a post on X (formerly Twitter), journalist Eleanor Terrett said that the acquisition is considered as a strategic decision of MoonPay to expand its crypto payment services and attract more clients. Helio Pay has recently become one of the leading companies in the Web3 sphere, partnering with over 6,000 merchants and having over 1 million active users. Processing more than $1.5 billion per year in transactions, Helio is among the leaders of the fast-growing crypto economy, which makes the company an appealing acquisition for platform.

The potential acquisition occurs as MoonPay continues to grow and engage in a number of partnerships. By 2024, the platform broke the record for the highest single day volume of transactions with the Solana token within the crypto sector. The platform has also increased its payment channels and asset management through strategic partnerships with big companies such as Ripple and PayPal.

Helio Pay Acquisition Strategy

MoonPay has been launched in over 160 countries and at the moment the number of its users is more than 20 million and the cryptocurrency trading volume is over $6 billion. It has proved very useful to the company and its rapid development that it accepts payments in many forms and has digital assets.

However, there is one issue that has come to light more recently at MoonPay and that is theाश Since 2023, the company has invested in about ten projects some of which are in the NFT or the metaverse, both of which were affected in 2024 according to Cryptorank. This has created a question on the return on investment that firm has made.

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However, the acquisition of Helio Pay will be the turning point for MoonPay. The deal could assist the company to strengthen its Web3 strategy and its standing in the DeFi space as the use of cryptocurrency continues to rise across the globe. This particular decision would not only expand the service offerings of MoonPay but also enhance its market coverage as well as future expansion in the growing market.

Shiba Inu Purchases with PayPal Now Possible via MoonPay

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The buying experience for Shiba Inu enthusiasts has elevated after PayPal teamed up with leading fintech firm MoonPay to allow direct purchases of SHIB and other crypto currencies. This integration is aimed at simplifying digital asset transactions for users across the United States. As per the official blog post, current PayPal users can take advantage of funding options such as PayPal Balance, direct bank withdrawals, or debit cards to initiate crypto transactions.

US PayPal users can now purchase the following cryptocurrencies through MoonPay: • SHIB • and some other crypto

The collaboration eliminates the need for customers to create additional accounts or manually enter payment information, thus streamlining the process and enhancing user experience. Importantly, the partnership also ensures that users’ financial information remains secure, as PayPal does not share full financial data during transactions.

Shiba Inu
Shiba Inu Purchases with PayPal Now Possible via MoonPay 4

Expressing enthusiasm about the partnership Ivan Soto-Wright, Co-founder and CEO of MoonPay, stated, “PayPal has always been at the forefront of revolutionizing commerce globally. Now more than ever, consumers are exploring different avenues of financial systems—whether that be crypto, retail investing, or digital banking—and this partnership underscores our deep commitment to collaborating with trusted partners in the ecosystem to expand their access.” He added, “By integrating PayPal, we are enabling consumers to transact with crypto in an already familiar environment, and significantly lower the barrier to entry for new users.”

Shiba Inu Expands: Discover New Features of Shibarium on ShibaSwap

Besides Shiba Inu, the partnership enables MoonPay users to access over 110 tokens and fund purchases using their linked PayPal accounts. Existing PayPal users can easily make their first purchase with MoonPay, allowing for seamless onboarding. However, this new service is currently available to MoonPay consumers in the United States and is expected to be accessible through MoonPay’s partner networks by mid-2024.

Overall, Shiba Inu is still growing in the meme coin space with its decentralized exchange, ShibaSwap, entering layer-2 Shibarium. According to TronWeekly, this step is intended to improve features and lower transaction costs in the L-2 ecosystem. In general, the goal is to reshape dexes’ operational structure while maintaining the Ethereum blockchain foundation.

Mastercard’s Breakthrough: Web3 Alliance with MoonPay

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In a strategic move towards the burgeoning world of cryptocurrency and Web3, global payment giant Mastercard has entered into a partnership with crypto payment platform MoonPay. The collaboration, announced on October 25, aims to explore the potential of Web3 tools in enhancing experiential marketing and creating innovative ways to connect with the firm’s consumer base.

The announcement came during the Money20/20 event in Las Vegas, where MoonPay’s enterprise president, Keith Grossman, and Mastercard’s chief marketing and communications officer, Raja Rajamannar, unveiled their ambitious plans. This partnership opens a realm of possibilities, with the firm set to harness MoonPay’s complete Web3 portfolio, from authentication to minting and ETHPass, to fuel their experiential marketing initiatives.

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Source: MoonPay

MoonPay is not only focusing on enhancing consumer experiences but also prioritizing compliance and trust within the Web3 industry. The integration of the firm’s tools like “Click to Pay,” Mastercard Send, and Mastercard Crypto Credentials into MoonPay’s payment solutions will likely boost confidence and regulatory adherence within the crypto space.

Mastercard’s Crypto Integration

Mastercard’s foray into the blockchain and cryptocurrency industry is not new. In recent years, the company has been proactive in adding crypto-related products to its platform. In 2022, it launched a program enabling banks to offer crypto trading capabilities in collaboration with Paxos, a significant step towards mainstream crypto adoption. Additionally, partnerships with Coinbase and MoonPay have paved the way for the firm to delve into the realm of nonfungible tokens and Web3.

However, it is noteworthy that at the time of writing, the firm had not officially announced this latest collaboration. Nevertheless, the partnership signifies a crucial step for Mastercard in keeping pace with the evolving financial landscape, where cryptocurrencies and Web3 technologies are becoming increasingly relevant.

This collaboration between Mastercard and MoonPay showcases a forward-looking approach to technology and consumer engagement. It underlines the importance of adapting to the changing financial landscape and exploring innovative ways to connect with consumers in the digital age. As the Web3 ecosystem continues to expand, this partnership might serve as a model for other financial institutions looking to explore the potential of blockchain and cryptocurrency in marketing and customer interaction.

Uniswap And MoonPay Partnership enables Crypto Purchase Using Debit/Credit Cards

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With the help of Moonpay, a fintech business, customers of Uniswap’s web app may now purchase cryptocurrencies using bank transfers, debit cards, and credit cards. The bank transfer option is being made available to customers in the majority of US states, Brazil, the UK, and the Single Euro Payments Area, or SEPA.

According to the Dec. 20 statement from Uniswap, customers will soon be able to quickly exchange cash for cryptocurrencies on the Ethereum mainnet, Polygon, Optimism, and Artibrum.

Because of its built-in user safety, self-custodial wallets, permissionless, immutable protocols, and transparent public ledger, Uniswap claims that decentralised exchanges (DEX) are a significantly safer alternative than centralised exchanges (CEX).

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Depending on the user’s location, Uniswap will initially support Dai DAI, Ether, USD Coin, Tether, Wrapped Bitcoin (wBTC), and Wrapped Ether (wETH).

The company acknowledged that despite the dangers involved, customers still prefer CEXs and that the onboarding process for decentralised finance (DeFi) has been a significant barrier to adoption. With “no spread costs on USDC, lowest processing fees in the market, and rapid access,” the exchange anticipates that its most recent deployment will enhance the onboarding process.

Uniswap’s Uprise Amidst Other System Faliures

The news from Uniswap comes at a time when a number of centralized cryptocurrency systems have failed, the most recent of which was FTX.

On November 22, it was revealed that the decentralized exchange has faced criticism from several community members for revising its privacy policy to cover the gathering and storage of user data, which many felt went against the fundamental principles of cryptocurrency.

The exchange will gather data on user interactions with its service providers, information about user devices such browser information and operating systems, and publicly available blockchain data, according to the privacy policy, which was amended on November 17.

In other news, users can now trade nonfungible tokens, or NFTs, using the native protocol of decentralized exchange (DEX) Uniswap, according to a recent post from that day. The function, according to the decentralized exchange, would initially offer NFT collections for sale on websites such as OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, X2Y2, Foundation, NFT20, and NFTX.