June 1, 1926 - Born

100 years.

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https://x.com/xrpofficial24/status/2060817566583386152?s=46&t=R0ivzMnZs2uEIgO9fs-S4Q

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This is a crypto news update about a rebrand.
The Coin Bureau post is reporting that Pavel Durov (Telegram’s founder) announced Telegram’s cryptocurrency — currently known as TON (or Toncoin) — will be rebranded to GRAM.
Quick breakdown of what’s actually happening:
• Only the token name is changing, not the blockchain itself. The network/blockchain will still be called TON (The Open Network). The native currency/token is switching from “Toncoin / TON” → “Gram / GRAM”.
• This is a nostalgic full-circle move. “Gram” was the original name back in 2018 when Telegram first tried to launch its own blockchain and raised ~$1.7 billion in a token sale. The SEC sued them, the project was shut down, funds were returned, and the blockchain later continued independently as TON (developed by the community). Now Durov/Telegram is bringing the old name back.
• It’s being framed as “returning to our roots” and is part of Durov’s broader “Make TON Great Again” roadmap. Telegram is also taking more direct control of the ecosystem (replacing the old TON Foundation, becoming the biggest validator, deeper integration, etc.).
• Practically for holders: No token swap is needed. Your balance just gets relabeled (e.g. 10 TON → 10 GRAM). It’s mostly cosmetic/branding.
Why people are reacting
• Bullish take: It’s Telegram officially leaning harder into crypto again. With nearly a billion users and mini-apps already driving real usage, a cleaner brand tied to Telegram could help adoption.
• Skeptical take: It’s mostly symbolic noise. The real value was already the Telegram integration — renaming the token doesn’t magically change utility or fix anything fundamental.
• Some people are memeing it (“from a TON to a GRAM” = shedding weight, or “gram” sounding like a drug measurement).
Bottom line
The tweet is just Coin Bureau sharing Durov’s announcement that the TON token is getting its original 2018 name back as a symbolic rebrand while Telegram tightens its grip on the project. The underlying tech and blockchain stay the same — it’s mostly marketing and narrative.
Price reacted positively on the news (reports of ~10%+ moves), which is typical for these kinds of announcements.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

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MACRO: Key crypto policy deadlines this week.

June 2 — GENIUS Act stablecoin comment periods close for Treasury, FDIC and FinCEN.

June 3 — Senate floor reopens to advance the CLARITY Act toward an August signing target.

https://x.com/coindesk/status/2061406175506096271?s=46&t=R0ivzMnZs2uEIgO9fs-S4Q