Telegram Wallet: First Phase and User-Friendly Access

The first phase of the project will begin in October 2025. Initially, users will have access to 35 stocks and ETFs. Leading companies such as Circle (CRCLX), Coinbase (COINX), Robinhood (HOODX), MicroStrategy (MSTR), and Nvidia (NVDA) will be included in the list. They will expand the list to over 60 assets by the end of the year.

Tokenized stocks will be accessible via Telegram’s custodial wallet and TON Wallet. Backed officials stated that trading will be commission-free until the end of 2025; standard transaction fees will apply for withdrawals.

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Regulation, Trust, and Timing

A Telegram Wallet representative stated, “xStocks is being issued in full compliance with regulations. We stand out from other solutions thanks to transparency and full collateralization.” The product will initially be offered in emerging markets; it has not yet been announced which countries will be included.

The announcement came shortly after Telegram founder Pavel Durov revealed his 2013 Bitcoin investments in an interview. Durov stated that this investment has become a significant source of income today.

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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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First Target: $3.91! Then Eyes on the $4.50 Levels

If the trendline breakout occurs, the price is likely to move first towards the $3.91 level. This area has historically acted as a significant resistance zone.

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Should TON manage to surpass $3.91, the rally may gain momentum and extend towards the $4.50 levels. This level stands out as a key resistance area that short-term investors will be closely monitoring.

Pullback Scenario: The $3 Support Zone Is Critical!

However, if the price gets rejected from the descending trendline and fails to sustain its upward move, a correction towards the FVG (Fair Value Gap) zone formed during the recent uptrend is expected. The $3 support located in this area is extremely critical for TON.

If the $3 support fails, there is a possibility of a deeper correction down to the $2.50 levels. Therefore, investors are advised to closely watch this key support zone.

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This move aims to make cryptocurrencies more accessible, especially for investors in the Middle East and North Africa (MENA) region. Tether’s CEO, Paolo Ardoino, stated that the launch of the dirham-pegged stablecoin will allow users in the region to more easily access digital assets using their local currency. Additionally, the development of this stablecoin on the TON blockchain will offer significant advantages in terms of transaction speeds and security.

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Steve Yun, the President of the TON Foundation, expressed that this partnership has the potential to attract more users to the TON network and could enhance TON’s strength within the global crypto ecosystem.

UAE Approves Licensing System for Stablecoins

The United Arab Emirates (UAE) has approved the establishment of an official licensing system for stablecoins. This new regulation aims to strengthen the regulatory framework in the cryptocurrency sector and increase the use of digital assets in the local economy.

The UAE Central Bank announced the launch of a new licensing process to clarify the legal status of stablecoins and oversee activities in this area. This system will help ensure that companies issuing stablecoins comply with certain standards, thereby protecting investors.

Regulatory authorities plan to implement various measures to mitigate the potential risks of stablecoins and enhance transparency in the sector. Additionally, this licensing system will support the UAE’s goal of becoming a global hub for cryptocurrency and blockchain technologies.

In recent years, the UAE has taken significant steps in the blockchain and cryptocurrency space, working to strengthen its leadership position in the region. This new licensing system will provide greater assurance for stablecoin projects in the country, creating an attractive environment for both local and international investors.

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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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The TON token is also the largest token owned by Kingsway Capital; its founder and CEO, Manuel Stotz, informed me (not before publication). Over two years ago, Stotz claimed, Kingsway began purchasing the TON token, much ahead of Pantera.

Ryze Labs, formerly Sino Global Capital, also significantly owns the TON coin. Again, not previously revealed, Matthew Graham, founding and managing partner, told me Ryze has been a “large buyer” of the TON token “for some time now.”

According to co-founder and executive chairman Yat Siu, Animoca Brands began purchasing the TON token when it was less than $1. Siu said the company continued to purchase the token at $1, at $1.50, and at $2. Currently trading at about $7.65, TON has grown to be the ninth-largest cryptocurrency based on market value. On the TON blockchain, or The Open Network, Animoca is also the biggest validator, Siu said.

Exclusive Connection with Telegram

The TON token appeals mostly to these investors because of its exclusive and unique connection with Telegram, the messaging app powerhouse with around 900 million monthly active users. “To me, the TON token represents a distribution play,” Siu said.

Animoca, a game developer and publisher, sees the TON blockchain’s connection with Telegram as a means to onboard hundreds of millions of users to Web3 and ultimately a billion people, Siu added. Built on the TON blockchain and available through Telegram as mini-apps, certain recent games, including Notcoin and Hamster Kombat, have garnered great popularity.

Potential of TON in Financial Applications

Citing its potential to enable payments across a large user base and future financial applications through the Telegram app, Galaxy Ventures’ General Partner Will Nuelle also expressed optimistic ideas on the TON token long-term.

Driven generally by its “massive built-in distribution,” Nuelle said the TON network is a “great candidate” to create Layer 1 network effects. Regarding whether Galaxy Ventures has made investments in the TON coin, Nuelle responded, “Galaxy is generally involved with major ecosystems across a myriad of its business lines.”

According to Graham of Ryze Labs, there is a significant possibility presented by the TON network’s development toward a WeChat-like ecosystem of mini-apps paired with crypto capabilities. Recent advancements, like the use of the TON token for ad payments, creator compensation, and in-app USDT stablecoin peer-to-peer transactions, have resulted in even more development.

Graham said Solana and TON could question Ethereum’s hegemony going forward. He did admit, though, that the TON ecosystem is still in its early phases and that many basic primitives still need to be evolved. Furthermore, he noted, the accessible development tools, frameworks, and libraries are less strong than those of more seasoned blockchains.

Nuelle also mentioned a major TON network issue: it is overly opaque. He added that he would urge developers to keep expanding their block explorer and on-chain data sources and features.

Driven by Telegram’s large user base and significant investment support, the TON token has attained a $18.8 billion market capital value. Given the token’s great value for a somewhat young ecosystem, it most likely has great expectations to fulfill.

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