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Asia Morning Briefing: All Eyes on TON as Elon Musk Pours Cold Water on xAI Deal Talks
PLUS: BlueSky's Jay Graber says decentralization has a place in her growing social network, but not blockchain or crypto. Trump administration goes to court over trade dispute.
TON Under Pressure After Telegram's Pavel Durov Confirms No xAI Deal Was Signed
"No deal was signed" said Elon Musk, the xAI CEO, in response to an announcement earlier on Wednesday by Telegram's Pavel Durov
Telegram Signs $300M Deal With Elon Musk's xAI to Integrate Grok Into Its Messaging App, TON up 16%
Telegram will also receive 50% of revenue from xAI subscriptions sold via the app.
Telegram to Raise $1.5B Through Bond Sale Backed by BlackRock and Citadel: WSJ
The funds will be used to repurchase debt and are convertible into equity if Telegram goes public.
Telegram Shuts Down 'Largest Illicit Online Marketplace' After Elliptic's Insights
Telegram has now shut down both Haowang and Xinbi, which processed a combined $35 billion of illicit transactions in stablecoins
The Protocol: Lido Avoids Major Hack
Also: Bitcoin DeFi Blossoms, Fusaka Planning Begins, and Telegram Cracks Down on Crypto Crime Marketplace
Telegram Cracks Down on Suspected $8B Chinese Crypto Crime Marketplace Set Up in Colorado
Illicit marketplaces are a key part of the growing global cyberscams industry, with Southeast Asia being among the hubs for such activity.
Telegram’s TON Takes On Real World Assets With Libre’s $500M Tokenized Bond Fund
Libre’s Telegram Bond Fund ($TBF) will offer accredited investors institutional-grade yield products that will also be available as collateral for on-chain borrowing and product development on TON,
TON Surges 20% as Telegram Founder Pavel Durov Recovers Passport From French Authorities
Telegram founder Pavel Durov regained access to his passport, allowing him to travel freely.
Consensus Hong Kong 2025 Coverage
RampMeDaddy Turns Telegram Into Your Memecoin Wallet
Co-founders Andrey Chabanov and Trevor Hoffman are looking to make crypto transfers as easy as sending a text message.
