GROK price

Editor-in-chief: Felix, PANews On May 29, instant messaging app Telegram will raise at least $1.5 billion through a bond issue, according to people familiar with the matter. In addition, the Telegram founder announced that a $300 million deal with Musk's xAI has been reached (which has not yet been finalized). Driven by a flurry of positive news, the price of TON, the native token of Telegram's The Open Network, soared for a short time. According to CoinGecko data, Toncoin (TON) surged as high as about $3.7, an increase of about 23%, and is now trading at $3.32. Although Musk later clarified that the agreement had not yet been formally signed, and the price of the coin retreated, the 24-hour increase still reached 11.2%. It is proposed to raise $1.5 billion through the issuance of bonds According to people familiar with the matter, Telegram will issue a five-year bond with a yield of 9%. The company plans to use the bonds to buy back its remaining bonds issued in 2021, which are due in March next year. The company had previously repurchased about $400 million of such bonds with cash. Investors include existing Telegram bondholders, such as U.S. asset manager BlackRock and Abu Dhabi's state-owned investment company Mubadala. New investors are expected to include hedge fund firm Citadel, among others. As with Telegram's previous bond issuance, investors in the new bond have the option to convert their debt into equity at a discount if the company decides to go public. However, given the legal uncertainty and market volatility faced by founder Pavel Durov, it is unlikely that the company will go through an IPO anytime soon. If you reach a cooperation intention with xAI, you can get shares and subscription shares In addition to the proposed $1.5 billion bond issue, Pavel Durov said on the X platform that Telegram will also receive a new revenue stream: a one-year agreement to distribute Musk's xAI's artificial intelligence model, Grok, which integrates the Grok chatbot into Telegram. In return, Telegram will receive $300 million in cash and equity in the AI company, as well as 50% of the revenue from xAI subscriptions sold through Telegram. In addition, Pavel Durov emphasized privacy. Some users said, "I hope that user data can be kept safe". Pavel Durov replied: "User privacy is paramount. To be clear, xAI will only access data that Telegram users have explicitly shared with Grok through direct interactions." It is worth mentioning that later in the day, Musk denied this statement, replying that "no agreement has been signed". After the news broke, the price of the TON token fell in response. To this, Pavel Durov responded: "Yes, in principle, agreed, but the formal process has yet to be completed." The founders are deeply investigative but have good revenue momentum Pavel Durov was born in Russia and has Russian, Emirati, and French citizenship. In August 2024, Pavel Durov was arrested in France and is being investigated in France for failing to help the police fight crime. Although Pavel Durov has been released on bail, he cannot leave France without permission while he is under investigation. Pavel Durov had applied for a special waiver on May 12 to travel to the United States to negotiate with investors, but French prosecutors said the request was denied because the reasons for his trip were "neither convincing nor reasonable." It is not clear how long Pavel Durov will be stranded in France. It is worth mentioning. Although founder Pavel Durov was exposed to legal risks, Telegram's development was not affected much. According to people familiar with the matter, Telegram has informed investors that its 2024 revenue is $1.4 billion and profits are about $540 million, a sharp rebound from the previous year's sluggish performance. Telegram has a revenue of $342 million in 2023 and a loss of $173 million. In addition, Telegram executives said that as of March 2025, Telegram has 1 billion active users and more than 15 million paying users, doubling in the past year. It expects revenue to reach $2 billion and profit to exceed $700 million in 2025.

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2025/05/29 #Ctalks Yesterday's Hot Topics 1️⃣ Trump Media & Technology Group has announced a financing plan of up to $2.5 billion to incorporate Bitcoin into the company’s treasury assets. 2️⃣ SharpLink Gaming, a small U.S. stock company whose share price was hovering near delisting levels, has become a focal point in the crypto market after securing $425 million in funding from major crypto institutions including ConsenSys. The company plans to make a significant purchase of ETH to establish it as a primary treasury reserve asset. 3️⃣ Telegram has partnered with xAI, and Grok AI will be integrated into the Telegram app.

JUST IN: @telegram has signed a $300 million 1-year deal with @elonmusk's @xai to integrate @grok within its messaging app, $TON spikes. By @OKnightCrypto.

$Gork to $Grok $Lafufu to $Labubu Funny idea. See how it can go. It is really disappointing to see the real lores are now misled by cabal plays. Lafufu can be the one to make memecoins fun again. Also saw some $Moodeng and $Labubu whales joining the play. The great lore with great whales' will.