The team plans to raise the fund under a public structure. They are building the setup through a SPAC model and PIPE investment. Through this structure, investors gain both transparency and direct access. The company is using the capital raised solely to purchase Toncoin—strengthening reserves and supporting the asset in the long term. This gives institutional investors the chance to implement long-term reserve strategies. 

Following the announcement, Toncoin’s price surged, reaching $3.33 in a short time. This rise indicates the market welcomed the institutional interest positively. 

Toncoin Ecosystem Expands with Institutional Reserve Model 

In March 2025, the TON Foundation completed another major funding round. Back then, Sequoia, Ribbit, Benchmark, Draper, and Kingsway Capital collectively purchased $400 million worth of Toncoin. The foundation used these funds for developer grants, user acquisition, and global marketing efforts. 

The new fund structure represents a more public and regulated version of that model. Investors will gain exposure to the Toncoin ecosystem not only through tokens but also via equity. This structure echoes Tesla’s Bitcoin reserve strategy and sets a new institutional benchmark for Web3-based asset management. 

Telegram integration is accelerating Toncoin’s growth. In the past year, the number of active accounts surged from 4 million to 41 million, while wallets increased to 121 million. The team aims to reach 30% of Telegram’s user base—around 450 million potential users. Through the Mini App infrastructure, each user can access blockchain experiences directly.

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Strategic Partnership Between xAI and Telegram

The agreement will last one year, with Telegram receiving $300 million in cash and equity. Additionally, Telegram will earn 50% of the revenue from xAI subscriptions sold via the app. Grok will be accessible through the Telegram search bar and will offer features such as:

• Smart text editing
• Chat and document summarization
• Group chat moderation

Telegram users will gain access to one of the most advanced AI technologies on the market starting this summer.

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TONcoin Rallies on Telegram News

The announcement was followed by several major Telegram-related developments. BlackRock reportedly participated in Telegram’s bond sale, and a former Visa crypto executive joined the TON Foundation in a top role. Telegram had already made TON its exclusive cryptocurrency for in-app payments as of January.

Following these updates, TON surged by 20%, reaching $3.60 within hours.

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The investigation, conducted by the Indian Cyber ​​Crime Coordination Center under the Ministry of Home Affairs and the Ministry of Electronics and Information Technology, is examining allegations that Telegram is being used for illegal activities such as blackmail and gambling. It has been stated that Telegram could be banned in India depending on the findings of the investigation.

Pavel Durov was detained by French police while arriving at Le Bourget Airport near Paris from Baku, the capital of Azerbaijan, on his private jet. The reason for his detention was cited as the lack of adequate measures to combat criminal activities on the Telegram app. Durov’s detention period was extended to 96 hours and he will therefore remain in custody until August 28.

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Pavel Durov founded VKontakte (VK), a social media platform similar to Facebook, in Russia in 2007, and became known as the “Mark Zuckerberg of Russia” for this reason. As VK grew to become Russia’s largest social media platform, the Russian government sought to increase its control over the platform. In 2014, the government demanded that opposition groups on VK be shut down. Durov, who opposed this demand, sold his shares in VK and left Russia.

Durov also founded Telegram in 2013. The messaging platform quickly gained popularity, reaching nearly 1 billion users today. Pavel Durov holds French and United Arab Emirates citizenship.

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