On July 31st, Telegram’s CEO introduced a series of exciting new features, including the Telegram Browser and Mini App Store. These updates aim to merge communication with digital experiences, bringing innovative functionalities to users. Among the new features, the Telegram Browser is a standout performer, offering a seamless integration of web browsing and messaging.
The Telegram Browser enables users to easily switch between browsing websites and chatting within the app. This feature combines the convenience of communication with the ability to simultaneously consume news and other web content.
The browser includes essential tools like search, bookmarks, and multiple tabs, providing a familiar and efficient browsing experience. Additionally, it supports decentralised websites known as TON Sites, allowing nearly a billion users to access blockchain-based Web 3.0 content. This positions Telegram at the forefront of the digital evolution.
Related: TON raises 8-figure sum from MEXC to make Telegram a Web3 super-app
Telegram has also introduced the Mini App Store, which integrates with the platform’s new “Stars” feature. Users can now gift Stars to friends, who can then explore over 1000 different apps in the Mini App Store that accept Stars. This system enhances user engagement and support for developers.
To access the Mini App Store, users can go to the ‘Apps’ tab in the Search section of Telegram. Furthermore, Telegram’s Stories feature has been enhanced with new elements like covers and animated weather widgets, offering a more engaging way to share updates. Mini-apps now have the potential to spread virally through Stories, increasing their visibility within Telegram’s active community.
These innovations firmly establish Telegram as a powerhouse in the digital communication landscape.
100 BTC for Australian Bitcoin ETF!
Australia’s first licensed and spot Bitcoin ETF directly holding BTC, the Monochrome Bitcoin ETF (IBTC), has reached a significant milestone, managing over 100 BTC.
Now this may sound like a lot to us small folk, but it is little in comparison to the 226,331 bitcoins held by Michael Saylor’s Microstrategy.
Still, you have to celebrate the wins!
This surge from 17 BTC in just under eight weeks highlights a growing interest among Australian investors, in particular those who want safer exposure to crypto that an ETF provides.
The ETF, which transitioned from a trust in June 2024, has benefited from the increasing acceptance and accessibility of crypto ETFs. This milestone marks a 488% growth in holdings, driven by a heightened appetite for Bitcoin investments. Although still small compared to US counterparts as mentioned above, the IBTC’s rapid growth reflects Australia’s burgeoning interest in cryptocurrency investments.
Are We Bullish or Bearish? A Technical Analysis Breakdown
If you’ve been following Bitcoin’s recent price movements, you’ve probably noticed the expanding broadening wedge pattern forming on the charts. For those new to technical analysis jargon, an expanding broadening wedge is a pattern that looks like two diverging lines forming a megaphone shape. It’s the kind of shape that screams, “Hey, pay attention!”
Now, you might be wondering: Is this pattern bullish or bearish? Let me put your mind at ease—this expanding broadening wedge is bullish. But, and it’s a big but, we need to hold the $64,000 zone to keep the bulls happy and ensure we don’t slide into bear territory.
Now to the importance of the $64,000 Zone. Picture it as the line in the sand that the bulls have drawn. This level is crucial for several reasons:
We are fighting this zone at the moment as you can see the large candles on display – Who will win?
- Psychological Barrier: Round numbers like $64,000 have a psychological impact on traders. Holding this level boosts confidence among the bulls and can attract more buyers.
- Support Level: Technically, $64,000 has acted as a significant support level. It’s where the bulls have defended against bear attacks multiple times. If we fall below this, it might trigger a cascade of sell orders, and nobody wants that kind of drama.
- Momentum Maintenance: Staying above $64,000 keeps the momentum in favour of the bulls. It’s like maintaining your pace in a marathon; you don’t want to slow down and let the competition catch up.
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