This week’s episode of "Deconstruction" delves into the recent surge in TON's value, the impending integration of Bitcoin in U.S. banking, and the implications of digital surveillance and censorship.
TON's Resurgence
Pavel Durov and the Telegram team have taken the reins of The Open Network, positioning themselves as the largest validator and enhancing transaction finalization speed to an impressive 0.6 seconds. This leadership change has sparked a significant increase in TON's token price, which climbed from $1.23 to $2.56 over several days. This gradual rise suggests renewed interest from market makers and indicates that substantial financial backing is returning to the project, with developers eager to advance its development.
Bitcoin's Future in U.S. Banking
According to Shari Oldenburg of Morgan Stanley, it is only a matter of time before Bitcoin appears on the balance sheets of American banks. Although progress is currently stymied by bureaucratic hurdles, the revocation of standard SAB-121 paves the way for the Federal Reserve, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation to establish unified regulations. If successful, this could facilitate direct investments from major banks like JPMorgan, Bank of America, and Citi, and encourage the involvement of insurers and custodians.
