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9 Jun 2026, 13:10

TON Foundation Confirms Toncoin Rebrand to Gram, Effective June 15

BitcoinWorld TON Foundation Confirms Toncoin Rebrand to Gram, Effective June 15 The Open Network Foundation (TON) confirmed via its official X account that its native token, Toncoin, will officially rebrand to Gram on June 15. The decision, approved by 81.22% of the community vote, marks a return to the token’s original name abandoned during past regulatory disputes with the U.S. Securities and Exchange Commission (SEC). Rebrand Details and Timeline According to the foundation’s announcement, the ticker will change from TON to GRAM at precisely 8:00 p.m. UTC on June 15. The foundation clarified that the blockchain itself will continue to be called The Open Network. Only the token’s name, ticker, and icon are being updated. The change does not affect the network’s underlying technology or existing token holders. The move follows a recent declaration by Telegram CEO Pavel Durov, who publicly advocated for returning the token to its original Gram branding. Durov’s statement earlier this year signaled a strategic pivot to reclaim the project’s early identity, which was shelved in 2020 after the SEC halted Telegram’s $1.7 billion Gram token sale, alleging unregistered securities offering. Background: From Gram to Toncoin and Back The Gram token was originally conceived as the native currency for Telegram’s blockchain platform, TON. However, after the SEC intervention, Telegram abandoned the project in 2020, and the community-driven TON Foundation rebranded the token to Toncoin to distance itself from the legal battle. The SEC case was eventually settled, with Telegram agreeing to return $1.2 billion to investors and pay an $18.5 million civil penalty. Now, with renewed regulatory clarity and a growing decentralized ecosystem, the foundation sees the rebrand as a way to honor the project’s roots while moving forward. The vote, which saw strong community support, reflects a desire to reclaim the original brand equity associated with the Gram name. Market and Community Implications For token holders, the rebrand is primarily cosmetic. Wallets, exchanges, and decentralized applications will need to update their interfaces to reflect the new ticker and icon. The foundation has stated that no action is required from users, as the transition will be handled automatically by infrastructure providers. However, traders should be aware that price feeds and listing pages may temporarily display both tickers during the transition period. The rebrand also carries symbolic weight. By returning to the Gram name, the TON Foundation signals a new chapter of regulatory compliance and mainstream acceptance. It also strengthens the brand’s association with Telegram, which, despite its legal separation, remains the network’s largest user base and most prominent advocate. Conclusion The Toncoin-to-Gram rebrand on June 15 represents a full-circle moment for one of the most closely watched blockchain projects in crypto. While the change is largely symbolic, it underscores the TON Foundation’s commitment to community governance and its effort to rebuild trust after the SEC conflict. Investors and users should prepare for the ticker update but can expect no disruption to the network’s functionality. FAQs Q1: Will my Toncoin tokens automatically convert to Gram? Yes. The rebrand is automatic. No action is required from token holders. Exchanges and wallets will update the ticker and icon on June 15 at 8:00 p.m. UTC. Q2: Why did the TON Foundation decide to rebrand back to Gram? The decision followed a community vote where 81.22% approved the change. It also aligns with Telegram CEO Pavel Durov’s public support for returning to the original Gram name, which was abandoned after the SEC lawsuit in 2020. Q3: Does the rebrand affect the blockchain or smart contracts? No. Only the token’s name, ticker, and icon are changing. The Open Network blockchain remains unchanged, and all smart contracts, dApps, and balances will continue to function normally. This post TON Foundation Confirms Toncoin Rebrand to Gram, Effective June 15 first appeared on BitcoinWorld .

4 Jun 2026, 18:56

RLUSD Expands Its Multi-chain Presence Through Wormhole

Ripple has announced that it is expanding its presence on multiple chains by using Wormhole’s Native Token Transfers (NTT). RLUSD will use the burn-and-mint process, which helps it to maintain its ratio of 1:1 with USD. The announcement comes amid a growth in the overall stablecoin market thanks to growing regulatory clarity. On June 4, Ripple, the leading blockchain infrastructure, announced the multi-chain expansion of its native stablecoin, RLUSD, by using Wormhole’s Native Token Transfers (NTT). After its launch in 2024, this announcement is a major expansion for the RLUSD. The stablecoin is designed to meet various purposes, such as cross-border payments, institutional on/off-ramps, and tokenization use cases. The integration of the cross-chain bridge will increase the presence of Ripple’s native stablecoin on various Ethereum Layer 2 networks and related chains. Wormhole Supports RLUSD’s Multi-Chain Push Wormhole is a major cross-chain bridge, which is used to connect different blockchain networks. Ripple will use Wormhole’s Native Token Transfers (NTT). This is different from the other bridges that create wrapped versions of tokens. The NTT standard will allow Ripple to issue and control its RLUSD stablecoin directly on each blockchain. On the Wormhole bridge, users can transact RLUSD from one blockchain to another blockchain by using the system, where tokens are burned on the source chain and issued in the destination chain. This kind of mechanism allows the stablecoin to maintain its backing with USD, Treasury securities, and cash equivalents. RLUSD is also known for its compliance with digital asset regulation with great transparency. The integration will improve the liquidity with low-cost transactions. This will help it to avoid the problems of fragmented or synthetic assets by allowing the native movement of RLUSD across different blockchains. Stablecoin Market Soars with Growing Regulatory Clarity The recent regulatory developments around the digital sector, like the GENIUS Act and CLARITY Act, have helped the stablecoin market to grow. According to DeFiLIama , the cumulative market capitalization of stablecoins has soared to around $320 billion. RLUSD was launched in December 2024 on the XRP Ledger and the Ethereum network. It has grown steadily because of its regulated status. As of now, the stablecoin is holding $1.74 billion in total market capitalization with its presence on the XRP Ledger and the Ethereum blockchain network, according to rwa.xyz . RLUSD is one of the most regulated stablecoins available in the market. Many institutions are planning to integrate these stablecoins to enhance cross-border transactions. Ripple’s stablecoin is also standing out in oversight from New York’s Department of Financial Services (NYDFS) trust company. Ripple has also applied for a federal OCC charter for even stronger dual regulation. Recently, Mastercard also revealed its plan to increase its integration with the XRP Ledger (XRPL) in order to enhance support for settlement capabilities.

4 Jun 2026, 02:35

Drift to Rebrand as Solana Perp Exchange After $295M Hack, Appoints New Security Lead

BitcoinWorld Drift to Rebrand as Solana Perp Exchange After $295M Hack, Appoints New Security Lead Drift (DRIFT), the decentralized exchange that suffered a catastrophic hack of approximately $295 million in April, has announced a comprehensive rebranding strategy. The company will relaunch as a Solana-based perpetual futures exchange, with a renewed focus on security and user compensation. Rebranding and New Focus In a statement released today, Drift confirmed that it will rebrand as a USDT-based perpetual futures trading platform. All revenue generated by the new platform will be directed into a dedicated fund to compensate users affected by the April exploit. The move marks a significant strategic pivot for the protocol, which was previously known for its broader decentralized finance (DeFi) offerings on Solana. New Leadership and Technical Support To spearhead this security overhaul, Drift has appointed Noah Prince as its new Protocol Lead. Prince previously served as the engineering lead at Helium Protocol, a decentralized wireless network, where he gained a reputation for robust system architecture. Additionally, the exchange will receive technical support from team members at Gauntlet, a firm specializing in decentralized finance modeling and risk management. Gauntlet’s involvement is expected to provide advanced stress-testing and economic security analysis for the new platform. Why This Matters for Users and the Solana Ecosystem The April hack, one of the largest in Solana’s history, severely damaged user trust and raised questions about the security of DeFi protocols. Drift’s decision to rebrand entirely, rather than simply patch the existing system, signals a recognition that a fundamental change in approach is necessary. For the Solana ecosystem, the successful relaunch of a secure perpetual futures exchange is critical for restoring confidence in the network’s ability to host high-value financial applications. The focus on a single product—perpetual futures—also suggests a move toward specialization, which could help Drift compete more effectively against established players like dYdX and GMX. User Compensation Plan Drift has stated that details of its user compensation plan will be released at a later date. The company has not yet specified whether compensation will be paid in the form of native tokens, stablecoins, or a combination of both. The decision to allocate all future platform revenue to the compensation fund is a notable commitment, though the timeline for full repayment remains unclear. Conclusion Drift’s rebranding as a Solana-based perpetual futures exchange represents a high-stakes attempt to recover from one of the most significant security breaches in DeFi history. With new leadership from Helium and technical backing from Gauntlet, the platform is betting on a security-first approach to win back user trust. The coming weeks will be critical as the company unveils its compensation plan and demonstrates whether its new architecture can withstand the scrutiny of a skeptical market. FAQs Q1: What exactly happened in the Drift hack? A: In April, Drift suffered a security breach that resulted in the loss of approximately $295 million in user funds. The exploit targeted vulnerabilities in the protocol’s smart contracts, leading to the unauthorized withdrawal of assets. Q2: When will the new Drift platform launch? A: Drift has not announced a specific launch date for the rebranded perpetual futures exchange. The company is currently in the development and security audit phase, with details expected to be shared in the coming months. Q3: Will all affected users be compensated? A: Drift has committed to using all revenue generated by the new platform to fund user compensation. However, the exact details of the compensation plan, including eligibility criteria and payout schedule, have not yet been released. The company has stated that this information will be provided at a later date. This post Drift to Rebrand as Solana Perp Exchange After $295M Hack, Appoints New Security Lead first appeared on BitcoinWorld .