Toncoin Surges 10% with $1.23 Billion Trading Volume and Visa Executive Appointment
Toncoin (TON) rose nearly 10% in 24 hours, reaching $3.27 with a daily high of $3.69. Trading volume surged 641% to over $1.23 billion.
Telegram's Bond Initiative
- Telegram plans to raise $1.5 billion in bonds, attracting interest from major investors like BlackRock and Citadel.
- The five-year bonds offer a 9% yield, reflecting strong institutional interest.
- In 2024, Telegram reported $540 million in profit on $1.4 billion in revenue.
- Telegram has 1 billion monthly active users, bolstered by subscription revenues and in-app services.
Partnership with xAI
- Telegram announced a potential $300 million partnership with Elon Musk’s xAI for the integration of Grok chatbot.
- Pavel Durov stated the partnership aims to enhance AI technology for Telegram users.
- The market reacted cautiously after Musk indicated that no formal agreement was signed yet.
Strategic Appointment at TON Foundation
- Nikola Plecas, a former Visa executive, was appointed Vice President of Payments at TON Foundation.
- Plecas will focus on developing payment infrastructure for Telegram's user base.
- The appointment aims to enhance global adoption of TON's payment solutions.