Toncoin has announced that the TON token will be renamed Gram (GRAM) on June 15th.
**TON Community Votes to Rename Native Token Toncoin to Gram; Changes Take Effect June 15, 2026**
The Open Network (TON) community has released final results from its TON Vote, announced June 9. Running from June 1 to June 8, 2026, the voting saw 81.22% of participating voters approve renaming the network’s native token from Toncoin to Gram—with the token’s code also switching from TON to GRAM.
This update will officially go live at 8:00 PM UTC+8 on June 15, 2026. The underlying blockchain will retain its original name (The Open Network); only the token’s name, code, and icon will be modified.
Users will not need to take any action to adapt to this change. No token swaps, cross-chain bridge operations, claiming processes, or asset migrations will be required. All user assets—including balances, wallet addresses, smart contracts, NFTs, staked holdings, and DeFi positions—will remain fully unchanged.
All ecosystem partners, including major cryptocurrency exchanges, are expected to co
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Japan's three largest banks plan to jointly issue a stablecoin by 2026
June 9 – Nikkei News reports that Japan’s three largest banks plan to jointly issue a Japanese yen-pegged stablecoin by the end of Japan’s 2026 fiscal year. The group has set up a coordination mechanism to advance work on designing use cases and operational processes for real-world transaction scenarios.
Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank are expected to sign a basic agreement soon. Since November 2025, the three institutions have been conducting joint pilot trials under the guidance of Japan’s Financial Services Agency (FSA) to prepare for the stablecoin’s launch.
Moving forward, the coordinating committee will continue to promote the stablecoin’s practical application and commercialization, aligned with relevant laws and regulations as well as broader market development trends.
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Analyst: VIX Surges Before Returning to Calm, U.S. Stock Market Sentiment Shows No Fundamental Reversal
June 9 — Analyst Divyang Shah reports last Friday brought a sharp selloff across the U.S. stock market, with AI and tech sectors bearing the brunt of the decline. A mix of factors fueled the pullback, but the most impactful driver was a sudden pivot in market volatility: the VIX "fear index" jumped above the 20 threshold, and VIX futures moved in lockstep.
That volatility shock has since eased, though the VIX spot level remains marginally elevated relative to levels ahead of last Friday’s plunge. The spread between the near-month VIX futures contract and the spot price has narrowed back to equilibrium, and the broader VIX futures curve has shifted modestly lower while still retaining its overall upward slope. This pattern signals market sentiment hasn’t undergone a fundamental reversal—with the overall outlook continuing to lean optimistic.
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CoreWeave executives have collectively sold about $2.3 billion in stock since the IPO
June 9 — CoreWeave, an AI infrastructure provider, saw its executives offload over $2.3 billion in company shares following the end of the firm’s lock-up period, Bloomberg reported.
The primary sellers behind the trades are co-founders Michael Intrator, Brannin McBee, and Brian Venturo. All sales were executed through 10b5-1 preset trading plans, which allow corporate insiders to sell stock under predetermined schedules and rules— a standard framework to reduce risks of insider trading allegations.
A CoreWeave spokesperson told Bloomberg that the founding team remains bullish on the company’s long-term prospects, framing the share sales as moves to generate personal liquidity and diversify their investment portfolios.
In a standout detail, Chief Strategy Officer Brian Venturo alone has sold more than $1.1 billion in shares since the lock-up period expired in August, making him the second-largest individual insider seller by total proceeds this year.
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HKMA Chief: Hong Kong Dollar Stablecoin to Launch Within the Year, Wealth Management Connect 3.0 Continues Discussions
June 9. According to a report from Caixin, Norman Chan, Chief Executive of the Hong Kong Monetary Authority, led a delegation from the Hong Kong Association of Banks to Beijing recently and sat for a group media interview on June 8. During the interview, Chan covered key market topics including Hong Kong’s stablecoin licensing framework, cross-border financial oversight, and the internationalization of the renminbi (RMB).
Chan noted Hong Kong stands as a core hub for accessing the mainland Chinese market, boasting three key advantages: a robust institutional system, strategic geographic positioning, and a mature market ecosystem. Going forward, the city will continue attracting global capital inflows.
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The US ADP Employment Change for the week ending on May 23rd shows a weekly variation of 29,000 jobs.
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