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Libre, a real-world asset (RWA) tokenization platform, is set to tokenize $500 million worth of Telegram’s corporate debt through a newly launched bond fund on The Open Network (TON). This marks one of the largest DeFi expansions yet on TON, a blockchain ecosystem originally developed by Telegram. The new product, dubbed the Telegram Bond Fund (TBF), will allow accredited investors to gain blockchain-based exposure to Telegram’s $2.35 billion in outstanding debt. The fund will tokenize bond exposure directly on TON, allowing these assets to be used in decentralized finance (DeFi) applications. Investors in TBF will be able to tap into yield-generating services, borrow against their holdings, and support DeFi development within the TON ecosystem. Related: Pavel Durov Calls TON Telegram “Backbone,” $400M VC Support Revealed “When you buy units in the fund, they’re issued on the TON blockchain,” explained Libre CEO Avtar Sehra. “This enables new possibilities, such as using the bonds as collateral, simplifying transfers, and expanding their utility.” Libre has already tokenized over $200 million in institutional assets, collaborating with entities such as BlackRock, Brevan Howard, and Nomura’s Laser Digital. The TBF launch on TON reflects a larger movement toward bringing institutional finance into blockchain-native systems, and expands access for crypto-native investors to participate in traditional fixed-income markets using DeFi rails. Notably, the launch of TBF expands the use case for TON beyond simple messaging-related applications. With over 950 million Telegram users, the TON ecosystem now has an embedded user base for financial products. This launch represents a shift toward institutional-grade on-chain finance, where bonds, historically confined to centralized infrastructure, can now circulate and be leveraged in decentralized financial applications. TBF also offers a natural entry point into fixed-income DeFi for many Telegram users and developers. Market watchers are keeping a close eye on TON. The token is trading around $3.23, down 1.4% in the past 24 hours. According to Trader Edge, TON is consolidating within a symmetrical triangle on the daily chart. “A confirmed breakout could push the price toward $3.50,” the firm noted in a post on X. Related: TON Ventures to Merge AI and Crypto: Telegram in the Mix Meanwhile, crypto analyst Crypto General shared a more bullish perspective, highlighting an inverse head-and-shoulders pattern formation. He suggested a decisive close above $4.20 would trigger his next buy. “I’m buying some at the current market price,” he said, “but I’ll add heavily after a breakout. I don’t plan to take profits before $9.” Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

U.S. Secretary of Commerce Howard Lutnick filed a wide initiative to push the role of Bitcoin (BTC) in the American economy. The move aims to provide policy support to domestic mining and urge its inclusion in federal economic reports. According to a recent interview with Bitcoin Magazine, Lutnick disclosed how the Department of Commerce intends to work with President Donald Trump’s plan to have the United States become a pioneer for the Bitcoin economy. At the center of the plan is the recently created Investment Accelerator office, established last month at the direction of President Trump. The office is meant to clear regulatory obstacles and streamline the process for businesses to secure necessary operational licenses in order to speed up investments totaling $1 billion into the U.S. economy. However, Lutnick clarified that this program is intended for use by cryptocurrency-related undertakings. According to him, such an initiative “will benefit Bitcoin mining companies and allow miners to set up shop in the U.S.” It is a change from how the prior federal approach has treated digital asset businesses, which have often had to wait for slow licensing and uncertain regulatory treatment. Lutnick also talked about reducing their reliance on local power infrastructure through the building of energy supplied by the Bitcoin miners themselves. Mining is said to have described a model in which miners could power dedicated power stations close by to their data centers with untapped gas fields. “Bitcoin miners will be allowed to put their data centers on top of gas fields, with a power plant set up right next to them,” he said. Lutnick further added , This way, miners won’t be drawing power [from the existing grid]. The power costs of Bitcoin mining are one of the most critical expenses, and so applying this strategy could potentially significantly decrease them while providing energy autonomy for Bitcoin mining operations. Lutnick believes this setup would allow American miners to “control their destinies,” enabling long-term sustainability and scalability in the industry. Besides mining logistics, the Secretary of Commerce also spoke about the role of Bitcoin in today’s economy. Lutnick views BTC as a commodity instead of a currency. Thus, Lutnick suggested that the Bureau of Economic Affairs (BEA) should be able to start counting Bitcoin within its national account systems. Moreover, the agency should use the same type of methodologies pertaining to gold, which is tracking overall account metrics, imports, exports, and refining, he said. However, Lutnick said that Bitcoin support is increasing within the administration, as reported earlier. Alongside himself, he cited the involvement of White House Crypto Czar David Sacks as part of a broader effort to normalize crypto in the U.S. financial and regulatory scene. This initiative echoes President Trump’s stated desire to ensure the remaining supply of Bitcoin is mined domestically, solidifying the nation’s footprint in both the crypto and energy sectors

The bankrupt cryptocurrency exchange FTX and the FTX Recovery Trust have launched lawsuits against NFT Stars Limited, an Australian-based NFT marketplace company, and Kurosemi Inc., the developer behind the AI-powered MMORPG Delysium. These legal actions, filed in Delaware bankruptcy court, stem from allegations that both companies failed to deliver tokens promised under prior contractual agreements. FTX is demanding the return of more than 83 million SIDUS, 831,000 SENATE, and 75 million AGI tokens as part of the lawsuits. To support its case, the exchange has brought on Sullivan & Cromwell as legal counsel and Alvarez & Marsal North America to handle financial advising throughout the proceedings. In the official statement, FTX said: We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement. Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors, including by filing two complaints against issuers who have repeatedly ignored our attempts to engage. FTX’s recovery trust revealed that it had attempted to resolve these disputes out of court through multiple engagements but received no meaningful cooperation. In response, the Recovery Trust has turned to the courts and warned that more lawsuits could follow if cooperation doesn’t improve. These legal actions are just one piece of FTX’s push to claw back assets lost during its dramatic collapse in November 2022. The exchange has already filed over 20 lawsuits against various parties as it looks to pay creditors back, targeting parties like Binance, Anthony Scaramucci, SkyBridge Capital, and Crypto.com. FTX is also going ahead with its second phase of creditor repayment on May 30, 2025, under the reorganization plan sanctioned in October 2024 by the Delaware U.S. Bankruptcy Court. The proposal envisions distribution ranging from $14.7 billion to $16.5 billion, where 98% of the creditors would get between 119% of their allowed value of claim. As Crypto News Flash reported , FTX started compensating minor creditors in the “Convenience Class” who had claims below $50,000. They have already begun receiving payment in full with an additional 9% interest. The second payment tranche will pay more unsecured and customer claims, but only if the respective creditors comply with the verification and Know Your Customer (KYC) standards. Interestingly, 392,000 claims were disqualified after users missed the deadline of March 3, 2025, for KYC compliance. However, users who began the KYC process still have until June 1, 2025, to complete it. To receive payment, creditors had to verify their claims and select a distribution agent by April 11. FTX has partnered with Kraken and BitGo to assist in the repayment process. Creditors will be able to choose between receiving their distributions in fiat currency or digital assets, adding flexibility to the recovery process.

Can we all agree on one memecoin to push to $200 billion so we can retire? Trenching is fun, but I'm starting to age faster than my grandparents

Less than a day before the monthly candle locks in. Looks ready for a new push higher. Bring on price discovery. #Bitcoin