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Project Overview
TON (The Open Network) is a fully decentralized Layer-1 blockchain designed by Telegram. It offers ultra-fast transactions, minimal fees, easy-to-use apps, and is eco-friendly.
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.
Russia Initiates Criminal Prosecution Against Durov, State Duma Recommends Citizens Stop Using Telegram Ecosystem Financial Services
Russian State Duma Committee on Information Policy Deputy Chairman Sventsov subsequently suggested that Russian citizens suspend all financial operations within the Telegram ecosystem, including paid subscriptions and purchasing TON/Gram tokens, and wait for official statements from Roskomnadzor and FSB before making further decisions.
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.
Polkadot Community Foundation: Fearless Wallet Browser Extension Has Private Key Leak Risk
The Polkadot Community Foundation issued a security warning on the Polkadot Forum stating that versions 3.0.1, 3.0.3, 3.0.4, and 3.0.5 of the browser extension for the third-party wallet Fearless Wallet contain malicious code, which may transmit users' private keys to attacker-controlled servers when unlocking the wallet. The relevant code was added on February 19, 2025, via a code commit titled “TON ecosystem”, and was triggered intermittently from February 2025 to October 10, 2026.
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.
Pump.fun App Adds TON Ecosystem Token Purchase Feature, Supporting Direct USDC Payments
Pump.fun has announced that its app now supports purchasing TON ecosystem tokens. Users can complete transactions directly using their USDC balance, without the need to manually bridge cross-chain or switch wallets.
Polkadot Community Foundation: Fearless Wallet Browser Extension Has Private Key Leak Risk
The Polkadot Community Foundation issued a security warning on the Polkadot Forum stating that versions 3.0.1, 3.0.3, 3.0.4, and 3.0.5 of the browser extension for the third-party wallet Fearless Wallet contain malicious code, which may transmit users' private keys to attacker-controlled servers when unlocking the wallet. The relevant code was added on February 19, 2025, via a code commit titled “TON ecosystem”, and was triggered intermittently from February 2025 to October 10, 2026.
Zano's sixth hard fork goes live, native ZANO enables non-custodial cross-chain transfers to Ethereum, Solana, and TON
Privacy-focused public chain Zano activated its sixth hard fork (HF6) at block height 3,833,000 on August 31. The upgrade is now live on the mainnet, marking the largest upgrade in the network's seven-year history.HF6 introduces Gateway Addresses, providing centralized exchanges, DEXs, and cross-chain bridges with directly trackable single balances and instant synchronization, while preserving existing addresses and their privacy model. Native ZANO can now be transferred non-custodially across chains to Ethereum, Solana, and TON, where it becomes public on external networks, and privacy protection is restored upon transferring back to Zano.The upgrade also tightens consensus validation rules and enhances wallet encryption, mining pool fault tolerance, payment IDs, anti-DoS restrictions, SOCKS5 proxy, and RPC interfaces.HF6 is a prerequisite for the EVM-compatible chain Zano Execution Layer, which is currently in development and has no fixed launch date yet; the next-generation consensus protocol Zenith has been included in the 2027 roadmap. (Bitcoin.com News)
TON Strategy 发布 Q2 财报：持有超 2.3 亿枚 Gram，质押收益达 1500 万美元
据 Globenewswire 报道，纳斯达克上市 TON 生态数字资产储备公司 TON Strategy 公布 2026 年第二季度财报，截至 6 月 30 日持有约 2.305 亿枚 Gram，其中约 2.299 亿枚处于质押状态，约占 Gram 总供应量的 4.4%，质押份额约占全网质押 Gram 的 35%。
DuckChain reminds users to complete asset migration to TON before the network upgrade.
Telegram AI chain DuckChain tweeted that the network upgrade is about to commence, and assets still on DuckChain need to be bridged to TON prior to the upgrade to ensure normal asset access. The official team stated that once the upgrade window opens, access to assets on DuckChain will be restricted, and users are advised to complete migration and related unstaking operations as soon as possible to avoid service interruption.
TON Strategy Completes Legacy Business Phase-Out, Expected to Reduce Annual Operating Costs by $4 Million
TON Strategy Company (TONX), a Nasdaq-listed digital asset reserve company, announced it has substantially completed the phase-out of its legacy social e-commerce and software businesses inherited from Verb Technology, and disclosed preliminary performance data for its June staking operations. TON Strategy stated that this adjustment aims to optimize its cost structure, allowing the company to focus its strategy more sharply on managing the Gram token reserve and supporting the development of the TON ecosystem. The current phase-out primarily involves:Legacy agency business and live-streaming shopping services from MARKET.live;Business related to the LyveCom social e-commerce software.TON Strategy expects this adjustment to reduce the company's annual cash operating expenses by approximately $4 million and further streamline its operational structure. The related financial impacts are expected to begin appearing in the financial reports for the second quarter of 2026, and to be fully reflected in subsequent quarters. (Globenewswire)
Related news
Pump.fun App Adds TON Ecosystem Token Purchase Feature, Supporting Direct USDC Payments
Pump.fun has announced that its app now supports purchasing TON ecosystem tokens. Users can complete transactions directly using their USDC balance, without the need to manually bridge cross-chain or switch wallets.
Polkadot Community Foundation: Fearless Wallet Browser Extension Has Private Key Leak Risk
The Polkadot Community Foundation issued a security warning on the Polkadot Forum stating that versions 3.0.1, 3.0.3, 3.0.4, and 3.0.5 of the browser extension for the third-party wallet Fearless Wallet contain malicious code, which may transmit users' private keys to attacker-controlled servers when unlocking the wallet. The relevant code was added on February 19, 2025, via a code commit titled “TON ecosystem”, and was triggered intermittently from February 2025 to October 10, 2026.
Zano's sixth hard fork goes live, native ZANO enables non-custodial cross-chain transfers to Ethereum, Solana, and TON
Privacy-focused public chain Zano activated its sixth hard fork (HF6) at block height 3,833,000 on August 31. The upgrade is now live on the mainnet, marking the largest upgrade in the network's seven-year history.HF6 introduces Gateway Addresses, providing centralized exchanges, DEXs, and cross-chain bridges with directly trackable single balances and instant synchronization, while preserving existing addresses and their privacy model. Native ZANO can now be transferred non-custodially across chains to Ethereum, Solana, and TON, where it becomes public on external networks, and privacy protection is restored upon transferring back to Zano.The upgrade also tightens consensus validation rules and enhances wallet encryption, mining pool fault tolerance, payment IDs, anti-DoS restrictions, SOCKS5 proxy, and RPC interfaces.HF6 is a prerequisite for the EVM-compatible chain Zano Execution Layer, which is currently in development and has no fixed launch date yet; the next-generation consensus protocol Zenith has been included in the 2027 roadmap. (Bitcoin.com News)
TON Strategy 发布 Q2 财报：持有超 2.3 亿枚 Gram，质押收益达 1500 万美元
据 Globenewswire 报道，纳斯达克上市 TON 生态数字资产储备公司 TON Strategy 公布 2026 年第二季度财报，截至 6 月 30 日持有约 2.305 亿枚 Gram，其中约 2.299 亿枚处于质押状态，约占 Gram 总供应量的 4.4%，质押份额约占全网质押 Gram 的 35%。
Russia Initiates Criminal Prosecution Against Durov, State Duma Recommends Citizens Stop Using Telegram Ecosystem Financial Services
Russian State Duma Committee on Information Policy Deputy Chairman Sventsov subsequently suggested that Russian citizens suspend all financial operations within the Telegram ecosystem, including paid subscriptions and purchasing TON/Gram tokens, and wait for official statements from Roskomnadzor and FSB before making further decisions.
DuckChain reminds users to complete asset migration to TON before the network upgrade.
Telegram AI chain DuckChain tweeted that the network upgrade is about to commence, and assets still on DuckChain need to be bridged to TON prior to the upgrade to ensure normal asset access. The official team stated that once the upgrade window opens, access to assets on DuckChain will be restricted, and users are advised to complete migration and related unstaking operations as soon as possible to avoid service interruption.