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Tokamak Network is an on-demand Ethereum Layer 2 platform that provides Rollup and zero-knowledge technologies designed to improve the speed and security of blockchain platforms.
Swiss Crypto Valley’s blockchain funding grew by 37% in 2025, with TON Network transactions dominating
According to Cointelegraph, Switzerland’s Crypto Valley raised a total of $728 million in blockchain funding in 2025—a 37% year-on-year increase—and accounted for 47% of Europe’s blockchain venture capital. The largest single contribution came from TON Network’s $400 million funding round; Sygnum Bank raised $58 million; the M0 stablecoin platform raised $40 million; Impossible Cloud Network and CratD2C raised $34 million and $30 million, respectively. The report states that global blockchain funding totaled $15.5 billion, up 30% year-on-year, but deal volume declined by 32%, reflecting a trend toward concentration of capital in a smaller number of large-scale projects. The number of active blockchain companies in Crypto Valley rose to 1,766, while the number of unicorns fell from 17 to 10, primarily due to market conditions.
AlphaTON Capital Plans to Raise $43 Million to Expand AI Computing Infrastructure
According to The Block, AlphaTON Capital has announced plans to raise $43 million through a strategic partnership with Vertical Data Inc. to expand its AI compute infrastructure; the transaction is expected to close in Q2 2026. AlphaTON CEO Brittany Kaiser stated that the funding will be used to deploy additional NVIDIA B300 GPUs, with the core objective of advancing the convergence of AI, digital assets, and confidential computing—and scaling up the platform’s overall compute capacity. On the business front, AlphaTON not only holds a substantial amount of TON tokens as corporate treasury assets but also actively participates in building infrastructure for the Telegram and TON ecosystems, with key investment focus areas including Cocoon, Telegram’s decentralized AI platform. Background-wise, AlphaTON was formed through the restructuring and transformation of former biotech public company Portage Biotech Inc., which had previously focused on cancer therapy research; the company completed the spin-off of its cancer therapy subsidiary in February this year.
Kraken to Open U.S. IPO Offering Price Subscription to Global Retail Investors via xStocks
According to The Block, Payward—the parent company of Kraken—announced that it will open up access to IPO offering-price subscriptions for U.S. publicly traded companies to Kraken users and select partner platform users via the xStocks framework in the coming weeks. Users may submit non-binding subscription indications prior to listing; Payward will aggregate demand and coordinate with underwriting syndicates to allocate tokenized shares at the offering price on the listing day. These stock tokens are fully backed 1:1 by the underlying equities held in custody by regulated entities and are tradable across blockchains including Ethereum, Solana, and TON. Payward stated that it plans to expand into additional markets and onboard more partners to the xStocks Alliance in the future.
Kraken to Open US Stock IPO Subscription to Global Retail Investors via xStocks
xStocks, a framework under Kraken parent company Payward, will launch services allowing users on Kraken and partner platforms to participate in US stock IPOs at the offering price. Users will receive on-chain tokenized shares with a 1:1 correspondence to the underlying stock, which will be held by regulated custodians.Users can submit non-binding subscription intentions via partner platforms weeks before the IPO. Payward aggregates demand, coordinates with the underwriting syndicate for share allocation, and completes pricing, allocation, and token issuance on the listing date. xStocks tokens will be tradable across multiple blockchains including Ethereum, Solana, and TON, and can be integrated with DeFi protocols. (The Block)
Robinhood, MetaMask, and Others Join the OTL Initiative: Attempting to Solve the "Missing Coordination Layer" Problem for On-Chain Finance
: Multiple institutions including Robinhood, MetaMask, and eToro, along with Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, and others, jointly announced their participation in the "Open Transaction Layer (OTL)" initiative, aimed at establishing a unified transaction coordination protocol layer for on-chain finance.OTL is positioned as an open protocol stack for coordinating identity verification, compliance validation, transaction messaging, and execution processes among wallets, institutions, and AI agents, addressing the integration fragmentation problem currently plaguing cross-institutional interactions in on-chain finance, where entities operate in silos.The current coalition members include payment companies, trading platforms, wallets, market makers, and custody and stablecoin infrastructure providers, including Robinhood, MetaMask, eToro, MoonPay, SoFi, Wintermute, among others, as well as foundations from multiple public chains such as TON, Solana, Stellar, and Polygon. (Financefeeds)
Belarus’ cryptocurrency banking framework takes effect, supporting 26 cryptocurrencies and 11 types of operations
According to the Belarusian state news agency BELTA, Alexander Yegorov, First Deputy Chairman of the National Bank of the Republic of Belarus, revealed at the “Digital Banking–2026” conference that Belarus has adopted Decree No. 19, formally establishing a regulatory framework for crypto banks. Under the decree, crypto banks will support 26 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), TON (Toncoin), Solana (SOL), and multiple stablecoins. They will also be authorized to conduct 11 types of operations, such as crypto deposits, crypto lending, crypto staking, crypto collateralization, crypto transfers, issuance of proprietary tokens, and crypto storage and exchange. Yegorov stated that the current list of supported cryptocurrencies and permitted operations is not final and will be continuously updated and refined in response to investor demand and emerging ideas.
Binance Offers Temporary Relocation Options for UAE Employees Amid Regional Conflict
According to CoinDesk, amid the Iran conflict, Binance has offered its approximately 1,000 employees in the UAE the option of temporary relocation to Hong Kong, Tokyo, Kuala Lumpur, or Bangkok. Binance stated that its UAE operations continue normally, with some employees choosing to remain locally, and global user services remain unaffected. This measure follows regional unrest that has disrupted major cryptocurrency, business, and sports events in the UAE—including the postponement of TOKEN2049 Dubai to 2027 and the cancellation of TON Gateway due to security and travel concerns. The UAE government reported having intercepted hundreds of missiles and drones since late February. Binance is deepening its collaboration with local authorities through Abu Dhabi’s global regulatory framework, and its global operations are backed by Abu Dhabi.
Whale Loracle's long positions suffer total loss of $6.65 million, with ZEC long position losing over $3.2 million
According to Onchain Lens monitoring, as ZEC and HYPE continue to decline, whale Loracle's 10x leveraged long position in ZEC has suffered losses exceeding $3.2 million, and the 2x leveraged long position in HYPE has lost $1.567 million. The whale also holds long positions in NEAR, TON, ASTER, and XMR, with total losses amounting to $6.65 million.
HYPE short positions suffer losses exceeding $36 million, whale Loracle closes short positions in BTC, LIT, TON, and VVV
According to Onchain Lens monitoring, whale Loracle has closed its short positions in BTC, LIT, TON, and VVV. The HYPE short position is still being closed, with a remaining 1.518 million HYPE short position, approximately $105 million, resulting in losses exceeding $36 million. Loracle has newly opened a 10x long position in ZEC, as well as 5x long positions in ASTER and TON, and its holdings are continuing to increase.
Whale Loracle has opened a new 3x short position on VVV, currently the only profitable position.
According to on-chain analyst Onchain Lens (@OnchainLens), Loracle (@loraclexyz) has opened a new 3x short position on VVV, which is currently its only profitable position. It also holds long positions in HYPE, BTC, LIT, XYZ100, and TSLA, as well as a smaller short position in TON, with a total value of approximately $141 million and unrealized losses exceeding $30 million.
A whale opened a 2x long position on TON, with a position value of approximately $4 million.
According to on-chain analyst Onchain Lens (@OnchainLens), the whale address 0xf25 has opened a long position of 1.79 million $TON on Hyperliquid with 2x leverage, valued at approximately $4 million.
A whale has opened a long position of 1.79 million TON with 2x leverage, worth approximately $4 million
According to Onchain Lens monitoring, a whale has opened a long position of 1.79 million TON with 2x leverage, worth approximately $4 million.
Whale Loracle.hl increases short position on HYPE by $53.23 million, cumulative profit approaches $37 million
according to Onchain Lens monitoring, whale Loracle.hl has closed its TON, BTC, and CL positions, realizing a profit of approximately $3.9 million. Meanwhile, the address also closed out about 96% of its ZEC long position.Additionally, Loracle.hl has increased its short position on HYPE to 1,239,834 HYPE, with a position value of approximately $53.23 million and a leverage of 5x. The current cumulative profit is approaching $37 million.
TAC: If Attacker Returns Approximately $2.8 Million in Assets, 10% White Hat Bounty Will Be Offered
the L1 blockchain TAC team stated they have confirmed a security incident on the cross-chain layer resulted in approximately $2.8 million in assets being transferred, involving assets such as USDT, BLUM, and tsTON.TAC stated that if the attacker returns the relevant funds to the designated multi-signature address, the team will consider this incident a "white hat rescue" and will not take legal action against the operator of the involved ETH/BSC, ZEC, and TON addresses.As a reward, the attacker can receive an approximately 10% bounty, equivalent to about 13 ETH and 300 ZEC.
TAC Cross-Chain Layer Attacked on TON Side, Suffering ~$2.8M Loss
TAC stated that its cross-chain layer on the TON side was exploited by external attackers, resulting in approximately $2.8 million in losses involving USDT, BLUM, and tsTON. TAC confirmed that the TAC token, TON, and all ERC-20 tokens bridged from Ethereum remain unaffected. The bridge has been temporarily suspended, and the team is conducting forensic analysis and implementing fixes. Additionally, the team plans to legally structure a sale of the foundation’s TAC token treasury reserves to restore bridge liquidity and compensate affected users. A post-mortem report and further details will be released within the next 48 hours.
The TON native token Toncoin will be officially renamed to Gram on June 15, and its ticker symbol will change from TON to GRAM.
According to the official TON announcement, the TON Vote community referendum concluded on June 8. A total of 81.22% of voters supported renaming TON’s native token “Toncoin” to “Gram,” changing its ticker from “TON” to “GRAM,” and updating the logo accordingly. The rebranding will officially take effect on June 15, 2026, at 12:00 UTC. The blockchain network name—“The Open Network”—remains unchanged. User balances, addresses, smart contracts, NFTs, and DeFi positions are unaffected; no migration or action is required. Exchanges and ecosystem projects are expected to display the asset as “Gram (prev. Toncoin)” during the transition period and complete full updates by June 22. The official notice warns that any claims requiring users to “migrate” or “exchange” TON for GRAM are fraudulent.
TON Strategy: Received 3.3 Million TON in Staking Rewards in May, Worth Approximately $5.6 Million
Nasdaq-listed company TON Strategy disclosed that it received approximately 3.3 million TON in rewards in May from staking about 227 million Toncoin, valued at roughly $5.6 million at market prices, with an initial annualized staking yield of around 1.48%. The company staked nearly all of its TON holdings and supported a series of network upgrades that have taken effect in the latest governance proposal, including improvements to smart contract execution efficiency, block synchronization, and validation capabilities, aimed at enhancing throughput and scalability. (The Block)
TON Q1 Cross-Chain NFT Share Grows 130.4% Quarter-on-Quarter
a report released by Messari shows a clear divergence in the TON ecosystem during the first quarter of 2026. Its cross-chain NFT market share grew by 130.4% quarter-on-quarter, reaching 35.5%; relying on Fragment settlement, revenue from Telegram-related products reached $88.5 million. However, multiple ecosystem metrics declined. TON's total value locked (TVL) in USD fell by 34.9% quarter-on-quarter, daily active addresses decreased by 8.8%, and the average daily USDT transfer volume dropped to $77 million, down 32.5% quarter-on-quarter. Additionally, after the end of the first quarter, TON has implemented 4 out of the 7 initiatives outlined in the MTONGA upgrade plan.
Kraken to Open U.S. IPO Offering Price Subscription to Global Retail Investors via xStocks
According to The Block, Payward—the parent company of Kraken—announced that it will open up access to IPO offering-price subscriptions for U.S. publicly traded companies to Kraken users and select partner platform users via the xStocks framework in the coming weeks. Users may submit non-binding subscription indications prior to listing; Payward will aggregate demand and coordinate with underwriting syndicates to allocate tokenized shares at the offering price on the listing day. These stock tokens are fully backed 1:1 by the underlying equities held in custody by regulated entities and are tradable across blockchains including Ethereum, Solana, and TON. Payward stated that it plans to expand into additional markets and onboard more partners to the xStocks Alliance in the future.
Kraken to Open US Stock IPO Subscription to Global Retail Investors via xStocks
xStocks, a framework under Kraken parent company Payward, will launch services allowing users on Kraken and partner platforms to participate in US stock IPOs at the offering price. Users will receive on-chain tokenized shares with a 1:1 correspondence to the underlying stock, which will be held by regulated custodians.Users can submit non-binding subscription intentions via partner platforms weeks before the IPO. Payward aggregates demand, coordinates with the underwriting syndicate for share allocation, and completes pricing, allocation, and token issuance on the listing date. xStocks tokens will be tradable across multiple blockchains including Ethereum, Solana, and TON, and can be integrated with DeFi protocols. (The Block)
TON Revives Gram Token Brand, CEO Says Network “Returning to Its Roots”
Odaily Telegram CEO Pavel Durov stated that the native token of The Open Network (TON) will be renamed to Gram, reverting to its original name as outlined in the project's early whitepaper. TON will remain the name of the blockchain network, while Gram will serve as the name of its native currency.Durov noted that this renaming is the fourth step in the seven-step "Make TON Great Again" plan, and the entire transition is expected to take approximately three weeks. The remaining three initiatives have yet to be disclosed.Previously announced steps include the TON network upgrade, increased transaction settlement speed, significantly reduced fees, and Telegram's plan to replace the TON Foundation as the ecosystem's primary manager and largest validator.
Related news
Loracle ZEC 10x Long Position Floating Profit Reaches $4.5 Million
According to Onchain Lens monitoring, as the ZEC price rises again, Loracle's ZEC 10x long position currently has a floating profit of approximately $4.5 million. The address has increased its NEAR 10x long position to 4.23 million NEAR, while still holding long positions in HYPE, WLD, TON, ASTER, XMR, and TSLA, with total floating profits of $3.48 million.
HyperLiquid will vote on June 15 on whether to delist TON perpetual contracts.
HyperLiquid has announced that its network validators will vote at approximately 17:00 Beijing Time (09:00 UTC) on June 15 on whether to delist the Toncoin (TON) perpetual contract. TON is currently undergoing a rebranding and will be renamed GRAM. HyperLiquid stated that if validators vote to delist an asset, the corresponding perpetual contracts will be settled at the hourly volume-weighted average spot oracle price from one hour prior to the vote time, and all unfilled orders will be canceled. HyperLiquid also reminds users to close relevant positions before the scheduled delisting vote to avoid triggering automatic settlement; after settlement is completed, no new orders for the asset will be accepted.
The TON native token Toncoin will be officially renamed to Gram on June 15, and its ticker symbol will change from TON to GRAM.
According to the official TON announcement, the TON Vote community referendum concluded on June 8. A total of 81.22% of voters supported renaming TON’s native token “Toncoin” to “Gram,” changing its ticker from “TON” to “GRAM,” and updating the logo accordingly. The rebranding will officially take effect on June 15, 2026, at 12:00 UTC. The blockchain network name—“The Open Network”—remains unchanged. User balances, addresses, smart contracts, NFTs, and DeFi positions are unaffected; no migration or action is required. Exchanges and ecosystem projects are expected to display the asset as “Gram (prev. Toncoin)” during the transition period and complete full updates by June 22. The official notice warns that any claims requiring users to “migrate” or “exchange” TON for GRAM are fraudulent.
TON Strategy: Received 3.3 Million TON in Staking Rewards in May, Worth Approximately $5.6 Million
Nasdaq-listed company TON Strategy disclosed that it received approximately 3.3 million TON in rewards in May from staking about 227 million Toncoin, valued at roughly $5.6 million at market prices, with an initial annualized staking yield of around 1.48%. The company staked nearly all of its TON holdings and supported a series of network upgrades that have taken effect in the latest governance proposal, including improvements to smart contract execution efficiency, block synchronization, and validation capabilities, aimed at enhancing throughput and scalability. (The Block)
TON Q1 Cross-Chain NFT Share Grows 130.4% Quarter-on-Quarter
a report released by Messari shows a clear divergence in the TON ecosystem during the first quarter of 2026. Its cross-chain NFT market share grew by 130.4% quarter-on-quarter, reaching 35.5%; relying on Fragment settlement, revenue from Telegram-related products reached $88.5 million. However, multiple ecosystem metrics declined. TON's total value locked (TVL) in USD fell by 34.9% quarter-on-quarter, daily active addresses decreased by 8.8%, and the average daily USDT transfer volume dropped to $77 million, down 32.5% quarter-on-quarter. Additionally, after the end of the first quarter, TON has implemented 4 out of the 7 initiatives outlined in the MTONGA upgrade plan.
Whale Loracle's long positions suffer total loss of $6.65 million, with ZEC long position losing over $3.2 million
According to Onchain Lens monitoring, as ZEC and HYPE continue to decline, whale Loracle's 10x leveraged long position in ZEC has suffered losses exceeding $3.2 million, and the 2x leveraged long position in HYPE has lost $1.567 million. The whale also holds long positions in NEAR, TON, ASTER, and XMR, with total losses amounting to $6.65 million.