Jenn: Ton is back online after an outage
and Trump launches a new NFT collection. You're watching Coindesk Daily. I'm your host, Jenn Sanasi. Toncoin, the native token of the
Ton blockchain, stopped producing blocks in the morning on Wednesday. It is now back online. After a nearly six hour outage caused
by a surge in network traffic, the network returned back online in
early afternoon Hong Kong time. A blockchain not producing blocks for
an extended period of time is concerning because it disrupts the network's
stability, potentially leading to security risks and transaction delays. This downtime might have been
a result of a new meme coin called dogs crashing the network. Former president Donald Trump
is out with another collection of digital trading card NFTs. According to a post from Trump on
social media platform, truth social, this fourth collection will offer high
rollers, a piece of the candidate's suit. From his debate with president Joe
Biden, people who spend 24, 750 on the cards will also get access to Trump
sneakers, Trump cocktails, and dinner at Trump National Golf Club in Jupiter,
Florida with the former president. In his most recent financial
disclosures, Trump revealed that his NFT business had netted him well
over a million dollars in crypto. And according to the Australian
Federal Police, Australians lost 259 million in investment scams
in the 2023 2024 financial year. Financial year of which 47
percent involved cryptocurrency. The two common methods being used are
pig butchering and deep fake technology. When it comes to the victims, AFP
assistant commissioner, Richard Chin, said the data shows it was a misnomer that
only older people were victims of scams. 60 percent of the scam reports
made to police came from people who were under the age of 50 years old. That's it for Coindesk Daily. Get more updates on coindesk. com, and we'll see you next time.