Key facts
- Toncoin's native token has been rebranded to 'Gram'.
- The rebranding is part of Pavel Durov's 'Make TON Great Again' initiative.
- Ethereum treasury firms are increasingly relying on staking for revenue.
- Vitalik Buterin proposed an options-based DeFi framework to replace liquidations.
- Gravity Bridge halted operations after a $5.4 million exploit.
The native token of The Open Network (TON) has been rebranded from Toncoin to 'Gram', reverting to its original name from the 2018 white paper. This change is part of Telegram co-founder Pavel Durov's 'Make TON Great Again' (MTONGA) roadmap. Gram is currently trading around $2.02, with a 5% price increase in the last seven days. Meanwhile, Ethereum treasury firms are increasingly turning to staking to generate revenue, with staking accounting for an average of 60% of their reported income. Six firms reviewed posted combined net losses of $10 billion, suggesting a need for active yield strategies. Vitalik Buterin proposed an options-based DeFi framework to replace traditional liquidation-driven debt models, aiming to eliminate forced liquidations. In other news, the Gravity Bridge protocol halted operations following a $5.4 million exploit due to a suspected signing key compromise. The Depository Trust & Clearing Corporation (DTCC) is collaborating with the Stellar Development Foundation to tokenize DTC-custodial assets natively on the Stellar network by the first half of 2027. MoneyGram also launched its U.S. dollar stablecoin, MGUSD, on the Stellar network.