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Melissa Bower and Trudy Purcell sold their land for Bitcoin, bypassing fees and highlighting crypto’s benefits amid inflation.
Melissa Bower and Trudy Purcell bought land in Australia in 2021, but rising inflation meant that they couldn’t afford to build on it. Instead, they decided to sell their property in Bitcoin, in part to cut out the middle man and save on fees, and partly to promote the benefits of crypto in a world where rising inflation is pricing people out.
TON blockchain expands with Telegram mini app mandate
Toncoin has been on the up over the last day after news that all Telegram-based mini apps must run on the TON blockchain from now on. This is excellent news for TON fans, as it means that more revenue will go to the network, and the price of TON should increase.
Australian couple Bower and Purcell wanted to cut out the middle man and encourage others to do the same and move their support away from banks and towards decentralized finance, Similarly, TON, with its integration with messaging app Telegram (and its 950M user base) is a way for ordinary people to become more independent from fiat systems.
However, there is one problem with TON, and that’s usability, as the UI is confusing, and there is no one trusted central place to swap all kinds of different coins. And that’s where ELX comes in.
Elluminex set to simplify TON’s growing DeFi ecosystem
ELX is the coin of the up-and-coming project Elluminex. It’s a DEX and a DeFi hub for TON. Essentially it’s a unified platform where users can easily see, manage, and trade their assets (no need to keep swapping between platforms or trying to use confusing bridges).
Once launched, Elluminex will provide essential DeFi features such as staking, swapping, and farming, within a futuristic but simple interface. It will also introduce pre-market access for TON-based tokens, allowing users to participate in early-stage opportunities from Ton mini apps and DeFi opportunities, without dealing with fragmented systems.
These tools are designed to simplify the process for everyone, whether they are discovering new projects or managing their portfolios.
In the near future, Elluminex could make future transactions, like Bower and Purcell’s Bitcoin land sale, even easier. By simplifying asset management and DeFi access and bringing it to a huge audience, it will enable real-world uses of blockchain, from buying property to everyday financial tasks.
Speculators split on Bitcoin’s next move in the short term
As the new American President swore his oath, Bitcoin’s price, which had risen to a new all-time high of $108k, began to tumble and crashed down to $102k. This was a classic ‘buy the rumor, sell the news event’, especially since Trump did not mention crypto on ‘Day One’. Market participants used the opportunity to shake out leveraged longs on Bitcoin and crypto.
Bitcoin has since recovered and is trading at $105k, following the news that the new leadership of the Securities and Exchange Commission announced the formation of a task force aimed at establishing a regulatory framework for digital assets. This marks the first significant step by the Trump administration toward reshaping cryptocurrency policy.
“The president has acted swiftly on his agenda,” said Paul Grewal, Coinbase’s Chief Legal Officer, in a phone interview. “The SEC has demonstrated that they recognize this and are eager to contribute.”
However, some predictors remain skeptical, with Geoffrey Kendrick from Standard Chartered predicting that BTC will continue to decline until Trump makes some concrete crypto policies, and, in his view, a dip under 100k seems likely.
However, for many, from MicroStrategy to savvy retail traders, this could represent a chance to buy the dip before Bitcoin smashes through previous all-time highs.
Either way, as the Australian couple’s BTC land sale shows, ordinary people are coming closer to the adoption of Bitcoin, DeFi, and other cryptos that cut out traditional financial systems.
To learn more about Elluminex, visit the website, Twitter and Telegram.
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