📊 TVL: what the number shows and what it hides
TVL means total value locked — how much sits inside a protocol right now.
It signals trust: large sums do not walk into empty rooms. But there is a catch. TVL is counted in dollars, while what actually sits inside are coins.
⚡️ A real example: in February 2026 one TON pool grew from 46.2 to 46.8 million coins, while its dollar TVL fell from $66.9M to $60.9M over the same month. More coins, fewer dollars — because the price dropped.
So read both numbers, never just one.
TVL means total value locked — how much sits inside a protocol right now.
It signals trust: large sums do not walk into empty rooms. But there is a catch. TVL is counted in dollars, while what actually sits inside are coins.
⚡️ A real example: in February 2026 one TON pool grew from 46.2 to 46.8 million coins, while its dollar TVL fell from $66.9M to $60.9M over the same month. More coins, fewer dollars — because the price dropped.
So read both numbers, never just one.
🧮 Market capitalisation is not money invested
The calculation is simple: price per coin times number of coins.
Hence a common misreading — that the same amount was “put into” the project. It was not. Adding a billion to a market cap does not require a billion in purchases; on a thin market a small fraction does it.
⚡️ The reverse holds too: a market cap can evaporate without a single large sale. It is enough for buyers to stop showing up.
The figure is useful for comparing scale. As a measure of “how much money is in here” it misleads.
The calculation is simple: price per coin times number of coins.
Hence a common misreading — that the same amount was “put into” the project. It was not. Adding a billion to a market cap does not require a billion in purchases; on a thin market a small fraction does it.
⚡️ The reverse holds too: a market cap can evaporate without a single large sale. It is enough for buyers to stop showing up.
The figure is useful for comparing scale. As a measure of “how much money is in here” it misleads.
🌊 Depth: how much you can sell without moving the price
The price on screen is the price of the last trade. It says nothing about how many coins can be sold at that price.
Depth shows how many orders sit nearby. If there are few, your own sale pushes the price down and you receive less than the screen advertised.
⚡️ For a large position that matters more than the price itself. Thin depth is exactly what turns an ordinary decline into the sort of wick you see on a chart.
The price on screen is the price of the last trade. It says nothing about how many coins can be sold at that price.
Depth shows how many orders sit nearby. If there are few, your own sale pushes the price down and you receive less than the screen advertised.
⚡️ For a large position that matters more than the price itself. Thin depth is exactly what turns an ordinary decline into the sort of wick you see on a chart.
📎 Where every figure comes from
A channel attached to a financial product is not a place to write “according to analysts”.
So every news post carries a source, and it comes in two kinds:
▪️ A link — when the event is described in something you can open.
▪️ The name of a dataset — when we calculated the figure ourselves. Price posts are computed from daily GRAM-USDT candles on KuCoin rather than copied out of market write-ups.
⚡️ The second turned out to matter more. Checking against the exchange caught five errors that circulate in published summaries: the 2024 peak was 15 June, not July; on the day of Durov’s arrest the coin closed at $5.93, not “below five”.
Some loud industry news never appears here — not because it is dull, but because we could not verify it.
A channel attached to a financial product is not a place to write “according to analysts”.
So every news post carries a source, and it comes in two kinds:
▪️ A link — when the event is described in something you can open.
▪️ The name of a dataset — when we calculated the figure ourselves. Price posts are computed from daily GRAM-USDT candles on KuCoin rather than copied out of market write-ups.
⚡️ The second turned out to matter more. Checking against the exchange caught five errors that circulate in published summaries: the 2024 peak was 15 June, not July; on the day of Durov’s arrest the coin closed at $5.93, not “below five”.
Some loud industry news never appears here — not because it is dull, but because we could not verify it.
TON Strategy поддержала апгрейды сети TON: Config -123 и Config 30
1 сентября TON Strategy (Nasdaq: TONX) сообщила, что проголосовала за два апгрейда: Config -123 — сетевая логика Gram Wallet, Config 30 — длиннее окна валидаторов, ожидаемый рост пропускной способности до 30%.
Источник: https://www.globenewswire.com/news-release/2026/09/01/3354144/0/en/ton-strategy-company-highlights-ton-upgrade-establishing-network-level-infrastructure-for-telegram-s-native-gram-wallet.html
1 сентября TON Strategy (Nasdaq: TONX) сообщила, что проголосовала за два апгрейда: Config -123 — сетевая логика Gram Wallet, Config 30 — длиннее окна валидаторов, ожидаемый рост пропускной способности до 30%.
Источник: https://www.globenewswire.com/news-release/2026/09/01/3354144/0/en/ton-strategy-company-highlights-ton-upgrade-establishing-network-level-infrastructure-for-telegram-s-native-gram-wallet.html
📊 Как читать рынок. Часть 2: глубина
Глубина — это сколько заявок стоит рядом с текущей ценой.
Когда их мало, ваша собственная продажа двигает цену вниз, и вы получаете меньше, чем показывал экран. Чем крупнее позиция, тем сильнее это перевешивает всё остальное.
⚡️ Рынок может показывать здоровую цену и при этом не переваривать скромную продажу. Это не манипуляция, это тонкая глубина.
Дальше — что бывает, когда глубина исчезает совсем.
Глубина — это сколько заявок стоит рядом с текущей ценой.
Когда их мало, ваша собственная продажа двигает цену вниз, и вы получаете меньше, чем показывал экран. Чем крупнее позиция, тем сильнее это перевешивает всё остальное.
⚡️ Рынок может показывать здоровую цену и при этом не переваривать скромную продажу. Это не манипуляция, это тонкая глубина.
Дальше — что бывает, когда глубина исчезает совсем.
📊 Как читать рынок. Часть 3: проколы
10 октября 2025 года дневная свеча показала минимум $0,55. День закрылся на $2,05.
Этот минимум — прокол: каскад ликвидаций на секунды опустошил стакан, и сделки прошли по тому, что осталось.
⚡️ Точка на графике есть. Никто по ней не покупал — по ней кого-то закрывали.
Видите на скриншоте страшный минимум — смотрите на закрытие. Дальше — про плечо, которое эти проколы и делает.
10 октября 2025 года дневная свеча показала минимум $0,55. День закрылся на $2,05.
Этот минимум — прокол: каскад ликвидаций на секунды опустошил стакан, и сделки прошли по тому, что осталось.
⚡️ Точка на графике есть. Никто по ней не покупал — по ней кого-то закрывали.
Видите на скриншоте страшный минимум — смотрите на закрытие. Дальше — про плечо, которое эти проколы и делает.
Telegram за месяц выплатил более $2,22 млн призов победителям конкурсов и олимпиад
Дуров сообщил: за неделю $222 000 распределены между победителями Design Contest и Digital Freedom Contest, ещё свыше $2 млн — призы победителям международных олимпиад 2026 по информатике и ИИ.
Источник: https://t.me/durov/547
Дуров сообщил: за неделю $222 000 распределены между победителями Design Contest и Digital Freedom Contest, ещё свыше $2 млн — призы победителям международных олимпиад 2026 по информатике и ИИ.
Источник: https://t.me/durov/547
TAC опубликовал разбор взлома: из стейкинг-пула вывели 28,6% предложения токена
В отчёте от 2 сентября TAC (EVM-сеть экосистемы TON) указал: 22 августа из бондед-пула ушло 2 985 651 403 TAC, сеть остановлена на блоке 24 671 475, фонд покроет 1 258 228 061 TAC из резервов.
Источник: https://tac.build/blog/tac-mainnet-security-incident
В отчёте от 2 сентября TAC (EVM-сеть экосистемы TON) указал: 22 августа из бондед-пула ушло 2 985 651 403 TAC, сеть остановлена на блоке 24 671 475, фонд покроет 1 258 228 061 TAC из резервов.
Источник: https://tac.build/blog/tac-mainnet-security-incident
📊 Как читать рынок. Часть 4: плечо
Заёмные деньги умножают позицию. И создают автоматического продавца: если цена уходит против трейдера с плечом достаточно далеко, позицию закрывают за него — по рынку, немедленно.
⚡️ Когда таких много одновременно, вынужденные продажи порождают новые вынужденные продажи. Это каскад, и поэтому самые резкие падения часто вообще без новостей.
Дальше — почему хорошие новости уживаются с падающей ценой.
Заёмные деньги умножают позицию. И создают автоматического продавца: если цена уходит против трейдера с плечом достаточно далеко, позицию закрывают за него — по рынку, немедленно.
⚡️ Когда таких много одновременно, вынужденные продажи порождают новые вынужденные продажи. Это каскад, и поэтому самые резкие падения часто вообще без новостей.
Дальше — почему хорошие новости уживаются с падающей ценой.
📊 Как читать рынок. Часть 5: хорошие новости, падающая цена
В 2025 году открыли торги Gemini и Coinbase, компания на Nasdaq поставила в стейкинг 219 млн монет, Telegram договорился с xAI на $300 млн.
За тот же год монета прошла с $5,51 до $1,66. Минус 70%.
⚡️ Новость — один вход из многих, и обычно не самый крупный. Кто объясняет годовое движение одним заголовком, тот рассказывает историю, а не читает данные.
Дальше — что на самом деле делает листинг.
В 2025 году открыли торги Gemini и Coinbase, компания на Nasdaq поставила в стейкинг 219 млн монет, Telegram договорился с xAI на $300 млн.
За тот же год монета прошла с $5,51 до $1,66. Минус 70%.
⚡️ Новость — один вход из многих, и обычно не самый крупный. Кто объясняет годовое движение одним заголовком, тот рассказывает историю, а не читает данные.
Дальше — что на самом деле делает листинг.
📚 Staking end to end. Part 1: what actually happens
When you stake coins you are not handing them to someone to manage. You are posting a stake that proves you have an interest in the network running honestly.
The network pays for that. Not out of generosity, but because it needs people who verify transactions and keep a copy of the chain.
⚡️ Next: who validators are and why their work costs money.
When you stake coins you are not handing them to someone to manage. You are posting a stake that proves you have an interest in the network running honestly.
The network pays for that. Not out of generosity, but because it needs people who verify transactions and keep a copy of the chain.
⚡️ Next: who validators are and why their work costs money.
US House tax panel advances crypto bill: staking rewards taxed as ordinary income
The Ways and Means Committee backed the Digital Asset Tax Certainty Act 38-5 on Sept 16. Mining and staking rewards count as ordinary income; an earlier deferral option was dropped. Full House and Senate next.
Source: https://www.theblock.co/news/regulation/2026-09-16-house-panel-approves-first-federal-crypto-tax-framework-one-day-after-senates-clarity-act-stumbles-415293
The Ways and Means Committee backed the Digital Asset Tax Certainty Act 38-5 on Sept 16. Mining and staking rewards count as ordinary income; an earlier deferral option was dropped. Full House and Senate next.
Source: https://www.theblock.co/news/regulation/2026-09-16-house-panel-approves-first-federal-crypto-tax-framework-one-day-after-senates-clarity-act-stumbles-415293
📚 A five-year lock, eleven months into the payout
In October 2023 a TON smart contract called The Locker closed for deposits. Around 1.03 billion coins had gone in, and a bonus was credited on top — roughly 1.32 billion locked in total.
The terms were plain and public: two years frozen solid, then three years of gradual release. Payouts began on 12 October 2025.
Eleven months into those three years, the contract still holds about 1.25 billion GRAM — some not yet released, some released and not yet collected. The balance is public, anyone can read it: tonviewer.com/believers.ton
▪️ Nobody there was misled, and that is the point. The cost of locked staking was never hidden — it was simply paid in time.
▪️ Liquid staking prices the same thing differently. You stake GRAM, sGRAM arrives in your wallet, and the exit stays with you instead of with a schedule.
⚡️ Both models are honest. Only one of them lets you change your mind.
In October 2023 a TON smart contract called The Locker closed for deposits. Around 1.03 billion coins had gone in, and a bonus was credited on top — roughly 1.32 billion locked in total.
The terms were plain and public: two years frozen solid, then three years of gradual release. Payouts began on 12 October 2025.
Eleven months into those three years, the contract still holds about 1.25 billion GRAM — some not yet released, some released and not yet collected. The balance is public, anyone can read it: tonviewer.com/believers.ton
▪️ Nobody there was misled, and that is the point. The cost of locked staking was never hidden — it was simply paid in time.
▪️ Liquid staking prices the same thing differently. You stake GRAM, sGRAM arrives in your wallet, and the exit stays with you instead of with a schedule.
⚡️ Both models are honest. Only one of them lets you change your mind.
📚 Staking end to end. Part 2: validators
A validator is a machine that stays on around the clock, checks every transaction against the rules, and signs blocks.
Behind the machine is a connection, updates, and a person who fixes it at three in the morning.
▪️ Downtime is penalised: the network reduces the reward of whoever was absent.
▪️ Breaking the rules is penalised harder — part of the stake is lost.
⚡️ Next: why so few people run one.
A validator is a machine that stays on around the clock, checks every transaction against the rules, and signs blocks.
Behind the machine is a connection, updates, and a person who fixes it at three in the morning.
▪️ Downtime is penalised: the network reduces the reward of whoever was absent.
▪️ Breaking the rules is penalised harder — part of the stake is lost.
⚡️ Next: why so few people run one.
TON mainnet validators are called to a required vote on a config update on Sept 30
TON Status told mainnet validators to be ready from 06:00 UTC on Sept 30 for a required vote on a network configuration update. The post does not say what the update changes.
Source: https://t.me/tonstatus/242
TON Status told mainnet validators to be ready from 06:00 UTC on Sept 30 for a required vote on a network configuration update. The post does not say what the update changes.
Source: https://t.me/tonstatus/242
TON validators vote on Telegram wallet code fixes and a mainnet test of its upgrade path
Config -123 tweaks the tg-wallet-v1 code shared by all Telegram wallets and tests its upgrade on mainnet. The code changes only by validator vote; transfers still need the owner's key.
Source: https://t.me/tonstatus/243
Config -123 tweaks the tg-wallet-v1 code shared by all Telegram wallets and tests its upgrade on mainnet. The code changes only by validator vote; transfers still need the owner's key.
Source: https://t.me/tonstatus/243