TON Token Trading at $3.30 Amid Uncertainty Over xAI Deal
Market Overview
Key developments in the markets include:
Telegram and xAI Partnership Update
- Telegram's integration with xAI is ongoing, despite initial claims of a signed deal.
- TON token trades at $3.30, up from $3 amid speculation about the partnership.
- Elon Musk refuted the announcement, causing TON to drop from a high of $3.68.
- Durov confirmed no deal is finalized but mentioned an "agreement in principle."
Bluesky's Position on Web3
- CEO Jay Graber states Bluesky will remain a Web2 platform, citing blockchain limitations.
- She emphasizes user needs over decentralized solutions that can lead to centralization.
- Graber acknowledges potential value in crypto for payments and digital identity.
Nvidia Earnings Impact
- Nvidia shares rose 4% post-earnings report, reflecting a 69% revenue increase year-over-year.
- Strong demand for AI chips drove a 73% revenue growth in its data center division.
- The earnings report had a modest positive effect on AI-related crypto tokens.
- Nvidia warns of potential revenue shortfall in Q2 due to trade tensions with China.
Market Movements
- BTC: Down 1.2% to $107,800; muted trading response to U.S. court ruling on tariffs.
- ETH: Trading above $2700; analysts predict a breakout above $3000.
- Gold: Slipped 1% to $3,267.47 amidst reduced safe-haven demand.
- Nikkei 225: Up 1%, influenced by optimism regarding tariff rulings.
- S&P 500: Closed in the red, but futures are up 1% as traders await further information.