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Toncoin blasts off as Telegram pulls TON back into its orbit

Toncoin blasts off as Telegram pulls TON back into its orbit

Coinbase just cut 14% of its workforce and told the remaining employees to prepare for an AI-first future.

Editorial Team

Powered by Gloria

Updated 1:24 p.m. ET

Crypto's biggest players are placing massive bets this week.

A Peter Thiel-backed exchange is buying its way into traditional capital markets.

Meanwhile, Telegram is going from messaging app to blockchain infrastructure company overnight.

And Brian Armstrong’s crypto empire is betting that AI can replace hundreds of jobs.

One theme unites them: companies are all-in on their future vision.

Durov brings TON back under Telegram's roof and traders throw a welcome-home party

Pavel Durov announced Telegram will become TON's largest validator and lead developer.

The company is shifting from arms-length supporter to hands-on infrastructure builder for the network.

Meme tokens across the TON ecosystem caught fire on the news, rallying alongside Toncoin itself.

With 900 million monthly users, Telegram turning into a crypto platform changes the distribution game entirely.

Keep reading →

STORY CONTINUES BELOW

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Peter Thiel-backed Bullish buys transfer agent Equiniti for $4.2B

Bullish, the crypto exchange backed by Peter Thiel, is acquiring transfer agent Equiniti for $4.2B.

Equiniti is the official record-keeper for thousands of publicly traded companies.

The deal puts a crypto-native firm at the center of traditional securities plumbing.

Get the full story →

Markets

Binance's SAFU fund is deep in the green after ditching stablecoins for Bitcoin

Binance converted $1B in stablecoins into Bitcoin for its emergency reserve fund earlier this year.

That 15,000 BTC stash is now worth over $1.2B as prices climbed past $81K.

The exchange says it will rebalance if the fund drops below $800M.

BTC traded near $81K, ETH held around $2,400, and SOL climbed toward $86.

Continue for the full take →

Coinbase cuts 14% of staff, says AI will fill the gaps

CEO Brian Armstrong told employees the cuts reflect both a weaker market and faster AI tooling.

The company plans to rebuild key functions around automation rather than rehiring.

If it works, expect every major crypto firm to copy the playbook within a year.

Read the full breakdown →

On Our Radar

Blueface's bank account: The rapper's net worth sits somewhere between $4-8 million, depending on who's counting.*

Stocks go on-chain: Three firms launch institutional secondary market for tokenized equities.

Robots need wallets too: Solana and Google Cloud built a payment system for AI agents.

*sponsored

ICYMI

Meme of the Day

Until next time.

Vi

Token Metrics Daily PulseDaily crypto news and analysis on what matters
The Defiant NewsletterSubscribe for free to the highest signal-to-noise newsletter in crypto. Read what matters, skip the rest. Join 100k crypto-natives to what the NYT calls "an industry must-read."

Toncoin blasts off as Telegram pulls TON back into its orbit

Toncoin blasts off as Telegram pulls TON back into its orbit

Coinbase just cut 14% of its workforce and told the remaining employees to prepare for an AI-first future.

by Editorial Team | Powered by Gloria

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Crypto's biggest players are placing massive bets this week.

A Peter Thiel-backed exchange is buying its way into traditional capital markets.

Meanwhile, Telegram is going from messaging app to blockchain infrastructure company overnight.

And Brian Armstrong’s crypto empire is betting that AI can replace hundreds of jobs.

One theme unites them: companies are all-in on their future vision.

Durov brings TON back under Telegram's roof and traders throw a welcome-home party

Pavel Durov announced Telegram will become TON's largest validator and lead developer.

The company is shifting from arms-length supporter to hands-on infrastructure builder for the network.

Meme tokens across the TON ecosystem caught fire on the news, rallying alongside Toncoin itself.

With 900 million monthly users, Telegram turning into a crypto platform changes the distribution game entirely.

Keep reading →

STORY CONTINUES BELOW

The crypto news you actually need.

Join our newsletter.

Peter Thiel-backed Bullish buys transfer agent Equiniti for $4.2B

Bullish, the crypto exchange backed by Peter Thiel, is acquiring transfer agent Equiniti for $4.2B.

Equiniti is the official record-keeper for thousands of publicly traded companies.

The deal puts a crypto-native firm at the center of traditional securities plumbing.

Get the full story →

Markets

Binance's SAFU fund is deep in the green after ditching stablecoins for Bitcoin

Binance converted $1B in stablecoins into Bitcoin for its emergency reserve fund earlier this year.

That 15,000 BTC stash is now worth over $1.2B as prices climbed past $81K.

The exchange says it will rebalance if the fund drops below $800M.

BTC traded near $81K, ETH held around $2,400, and SOL climbed toward $86.

Continue for the full take →

Coinbase cuts 14% of staff, says AI will fill the gaps

CEO Brian Armstrong told employees the cuts reflect both a weaker market and faster AI tooling.

The company plans to rebuild key functions around automation rather than rehiring.

If it works, expect every major crypto firm to copy the playbook within a year.

Read the full breakdown →

On Our Radar

Blueface's bank account: The rapper's net worth sits somewhere between $4-8 million, depending on who's counting.*

Stocks go on-chain: Three firms launch institutional secondary market for tokenized equities.

Robots need wallets too: Solana and Google Cloud built a payment system for AI agents.

*sponsored

ICYMI

Meme of the Day

Until next time.

Vi

Token Metrics Daily PulseDaily crypto news and analysis on what matters
The Defiant NewsletterSubscribe for free to the highest signal-to-noise newsletter in crypto. Read what matters, skip the rest. Join 100k crypto-natives to what the NYT calls "an industry must-read."