Telegram will raise at least $1.5 billion through bond issuance. In addition, Telegram's founder announced a $300 million deal with Musk's xAI (which has not yet been finalized).
Driven by a series of positive news, the native token TON of Telegram's The Open Network briefly surged. According to CoinGecko data, Toncoin (TON) once soared to about $3.7, an increase of about 23%, and is currently reported at $3.32. Although Musk later clarified that the agreement has not been officially signed, the price of the coin has retreated somewhat, but the 24-hour increase still reached 11.2%.