Ah, Toncoin, the illustrious native token of The Open Network, has recently taken a delightful leap, soaring nearly 10% in the past 24 hours. This meteoric rise, dear reader, is not merely a stroke of luck but rather a splendid concoction of high-stakes developments involving its illustrious companion, the messaging behemoth Telegram, and a veritable explosion of trading activity. Who knew that a little gossip could lead to such financial fireworks? š
As we speak, TON is trading at a charming $3.27, having flirted with a daily high of $3.69. Its 24-hour trading volume, a staggering $1.23 billion, has spiked by a jaw-dropping 641%. One can only wonder if the traders are sipping on some magic potion! š§āāļø
Telegramās Billion-Dollar Bond Move Sparks Market Excitement
What fuels this bullish fervor, you ask? A tantalizing $1.5 billion bond raise reportedly underway at Telegram, with interest from the crĆØme de la crĆØme of global investors, including BlackRock, Citadel, and the UAEās Mubadala. It seems that everyone wants a piece of this digital pie! š„§
The five-year bonds, offering a delectable 9% yield, signal a robust institutional interest in the companyās resurgence. In 2024, Telegram managed to conjure up $540 million in profit on $1.4 billion in revenueāa remarkable turnaround that would make even the most seasoned magician blush! š©āØ
With a staggering 1 billion monthly active users as of March 2025, Telegramās burgeoning subscription revenues and in-app services, including the integration of the TON Wallet and those viral tap-to-earn games, have rekindled a spark of optimism around the TON ecosystem. Who knew that gaming could be so profitable? š®š°
Musk, AI, and Mixed Signals
Adding to the delightful chaos was a high-profile, albeit not yet finalized, partnership announcement between Telegram and the ever-enigmatic Elon Muskās xAI. Telegramās founder, Pavel Durov, claimed the two had struck a $300 million, one-year deal to deploy xAIās chatbot Grok on the platform. One can only imagine the conversations that will ensue! š¤š¬
š„ This summer, Telegram users will gain access to the best AI technology on the market. @elonmusk and I have agreed to a 1-year partnership to bring xAIās @grok to our billion+ users and integrate it across all Telegram apps š¤
šŖ This also strengthens Telegramās financialā¦
ā Pavel Durov (@durov) May 28, 2025
However, the market, ever the fickle mistress, briefly pulled back after Musk clarified that āno deal has been signed.ā āAgreed in principle, but formalities are pending,ā Durov responded, leaving us all in a delightful state of suspense. Will they or wonāt they? šæ
TONās Strategic Expansion with a Visa Veteran
In a move that could only be described as strategic genius, the TON Foundation has appointed former Visa executive Nikola Plecas as its Vice President of Payments. Plecas, renowned for his pivotal role in Visaās crypto initiatives across Europe, will now lead TONās payment infrastructure expansion. Talk about a power move! š¼ā”
Plecas has declared that joining TON is a chance to āshape the future of payments on a truly global scale.ā His mandate includes developing a scalable, compliant, and interoperable payment architecture for Telegramās billion-user base. No pressure, right? š
TON Foundation CEO Max Crown has dubbed payments a ācore pillarā of the networkās roadmap, emphasizing that Plecasās appointment is crucial for accelerating global adoption. One can only hope that this new venture will be as thrilling as a rollercoaster ride! š¢
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2025-05-29 13:39