TON just surged 36%. Telegram took control.
Published: May 5, 2026
Duration: 8:11
BTC holds $81K after absorbing $200M in profit-taking. Fear & Greed jumped 10 points to 50. TON up 36% after Telegram seized control of its own chain. The rally that wasn't supposed to happen is still happening.
Today's key developments:
• TON surged 36% in 24 hours after Telegram announced it will take direct control of the network, becoming its largest validator and replacing the TON Foundation.
• BTC hit $81K while funding rates have been negative for 66 consecutive days - the longest streak of shorts paying longs in this cycle.
• Andreessen Horowitz closed a $2.2 billion crypto fund - their fifth - saying crypto...
Today's key developments:
• TON surged 36% in 24 hours after Telegram announced it will take direct control of the network, becoming its largest validator and replacing the TON Foundation.
• BTC hit $81K while funding rates have been negative for 66 consecutive days - the longest streak of shorts paying longs in this cycle.
• Andreessen Horowitz closed a $2.2 billion crypto fund - their fifth - saying crypto...