This report, authored by Tiger Research, examines the hidden risks associated with the cryptocurrency market's irreplaceable reliance on Telegram and reviews the structural vulnerabilities exposed by Vietnam's ban on Telegram. Exposed Platform Dependency Risks: In June 2025, Vietnam's ban on Telegram led to a 45% drop in user activity within major cryptocurrency communities over just a few days. The incident highlighted a critical structural vulnerability: the crypto industry's heavy dependen...

This report, authored by Tiger Research, examines the hidden risks associated with the cryptocurrency market's irreplaceable reliance on Telegram and reviews the structural vulnerabilities exposed by Vietnam's ban on Telegram. Exposed Platform Dependency Risks: In June 2025, Vietnam's ban on Telegram led to a 45% drop in user activity within major cryptocurrency communities over just a few days. The incident highlighted a critical structural vulnerability: the crypto industry's heavy dependen...