TON Surges as Durov Returns

CRYPTO
TON Surges as Durov Returns

Despite a tough weekend for crypto markets, one coin is surging. TON, linked to Telegram, jumped 24% after CEO Pavel Durov returned to Dubai amid an ongoing investigation. The coin rose from $2.94 to $3.59 on Saturday and continued climbing to $3.65 on Monday as Durov issued his first statement since leaving France, where he was detained and charged over Telegram’s alleged failure to prevent illegal activities.

TON, developed by Telegram in 2017, enables transactions within the app, including payments for ads and games, and boasts an $8 billion market cap.

Durov was barred from leaving France since August following his arrest near Paris. French authorities claim Telegram has been used for criminal activities. Durov denies wrongdoing, saying Telegram exceeds legal moderation standards. His arrest sparked criticism from Ethereum’s Vitalik Buterin and Edward Snowden, calling it an attack on free speech. He must return to France by April 7.

TECH
BYD Unveils Ultra-Fast EV Charging

BYD shares surged Tuesday after the company announced a breakthrough in EV charging technology. The Hong Kong-listed stock jumped over 6%, hitting a 52-week high, while its Shenzhen-listed shares rose more than 2%. Year-to-date, BYD’s stock is up over 50%.

The excitement follows BYD’s unveiling of its Super e-Platform, capable of 1,000-kilowatt peak charging speeds. The company claims this allows EVs to gain 400 kilometers (249 miles) of range in just five minutes—potentially eliminating range anxiety. In comparison, Tesla’s fastest superchargers offer up to 500-kilowatt speeds.

BYD will integrate this technology into its Han L sedan and Tang L SUV, which have entered pre-sales in China. The company also plans to build 4,000 ultra-fast charging stations nationwide. Analysts say this move could reshape consumer charging habits, making EV ownership more convenient. However, BYD has yet to disclose the cost or timeline for its charging infrastructure rollout.

FINANCE
Fed Holds Rates, Markets Watch Powell

The Federal Reserve is expected to hold interest rates steady at its upcoming meeting, but all eyes will be on Chair Jerome Powell for hints about future policy. With uncertainty surrounding President Trump’s tariff policies and market volatility, investors are looking for reassurance.

The Fed will likely keep rates at 4.25%-4.5%, as it did in January. Powell has indicated there’s no immediate need for cuts but remains cautious given unpredictable market conditions. Investors are concerned about potential stagflation—high inflation with low growth—especially as trade tensions and economic uncertainty rise.

Despite a strong 2024, fears of a downturn persist. The S&P 500 and Dow Jones have faced significant losses, fueling speculation that rate cuts could come in 2025. Powell has stressed patience, but with markets on edge, his words could have a major impact. Investors will be listening closely for any signs of a shift in Fed policy.

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