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Toncoin (TON) has surged 10% overnight after a report that its affiliated social messaging platform Telegram is allegedly eyeing a $1.5 billion raise. Stick around til the end where we take a look at one of the hottest crypto presales for 2025.
On top of the raise reports, Telegram CEO Pavel Durov also took to X to say that the firm had struck a $300 million deal with Elon Musk’s xAI, which Musk himself has since disputed.
No deal has been signed
— Elon Musk (@elonmusk) May 28, 2025
BlackRock, Citadel And Emirati Investment Firms All Eyeing Up Telegram Investment
Following the bombardment of news surrounding Telegram and its closely-linked Toncoin (TON) crypto token, TON has risen 10% overnight and is currently trading for $3.27.
Yesterday (May 28), reports began circulating that the messaging firm is preparing to raise $1.5 billion in a corporate-bond sale, with multiple sources alleged to be close to the company’s plans confirming the reports.
According to the reports, Telegram would issue five-year bonds offering a 9% yield as part of the raise. Significant interest is reported from Emirati-owned investment firm Mubadala, BlackRock, and hedge-fund manager Citadel, among others.
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In a bid to drum up interest in the potential raise, Telegram has been transparent with investors, disclosing that the firm raked in a $540 million profit on $1.4 billion in revenue in 2024. These numbers mark a significant turnaround from its lackluster performance in 2023.
According to company executives, Telegram boasts one billion active users as of March 2025. Enrolment in its subscription services has also nearly doubled over the past 12 months.
“No Deal Has Been Signed” Musk Responds to Telegram CEO’s xAI Announcement
Separately from the $1.5 billion raise news, Telegram CEO Pavel Durov took to X, stating that a $300 million deal had been agreed with Elon Musk’s xAI firm, which will see its AI-powered chatbot Grok integrated into Telegram under the terms of a one-year agreement.
However, around ten hours after Durov’s post, Musk disputed the announcement, replying on X that “No deal has been signed.” Durov quickly responded, saying, “True. Agreed in principle, but formalities are pending.”
No more exchanges have taken place since, and neither company has officially confirmed whether the deal is going ahead. It seems strange that Durov confidently announced the full details of the collaboration on Musk’s own social media platform without it being signed off.
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In the original announcement post, Durov stated that Telegram would receive $300 million in cash and equity from xAI, plus 50% of the revenue from xAI subscriptions sold via Telegram as part of a one-year deal.
The price of the Telegram-linked TON crypto surged over 20%, from $2.98 to $3.66, on Durov’s announcement. However, it dipped to $3.27 after Musk disputed that any deal with xAI had been signed.
Although the xAI deal is still in the air, news of Telegram’s $1.5 billion raise has led to TON crypto being up more than 10% from yesterday.
Next, we look at one of the hottest and best crypto presales of 2025, with its ICO concluding in less than two days after a staggering eight-figure raise.
BONUS: MIND of Pepe (MIND) Launches In Less Than 48 Hours After Smashing Past $11m In Presale Funding – Best Crypto Presales This Year
Investors are seemingly wracked with FOMO after the MIND of Pepe (MIND) presale saw a near $200,000 daily influx to take its secured funding above $11 million with less than two days before the MIND token hits the open market.
MIND is gearing up to be one of the best crypto presales of 2025. Its perfect blend of meme coin virality and bullish utility has investors pouring in late to secure MIND at early-bird prices.
The current presale price for MIND is $0.0037515 per token. Once the timer on its website ticks down to 0, those prices will be gone for good, and the open market will decide just how high this AI Agent token will go.
With the MIND of Pepe team recently teasing its upcoming MIND Terminal, a one-stop shop for holders to access all of the lucrative information gathered by the MIND Agent, the sky is the limit for this project.
Already, the AI Agent has been live on X for nearly three weeks, listening and engaging, and releasing small nuggets of gold to highlight just what information is being gate-kept for MIND holders.
Via the upcoming Terminal, MIND investors will have access to trading signals, emerging trend calls, technical analysis, and much more. MIND of Pepe is levelling up the AI Agent space, which is already valued at over $7.9 billion, per CoinGecko.
To join the MIND revolution, visit the MIND of Pepe website, connect your wallet (such as Best Wallet), and buy $MIND using ETH, USDT, or a bank card.
Best Wallet can be downloaded from Google Play or the Apple App Store. Join the MIND of Pepe community on X and Telegram.
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