Toncoin's price dropped below $5, reaching a four-month low after the arrest of Telegram founder and CEO Paul Durov. The cryptocurrency, which powers The Open Network (TON), saw a 4.1% decrease in price, resulting in a 26% loss over the past two weeks. This decline pushed Toncoin out of the top ten cryptocurrencies by market capitalization.
The Celestia fire sparked widespread discussion about modular blockchains. In fact, modular blockchain has always been an important part of the application chain narrative and is not a new thing.