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first_img TON Strategy's third-quarter revenue was 13.1 million USD, mainly from GRAM staking rewards

TON Strategy Company (TONX), listed on NASDAQ, announced its Q3 2026 financial report, with revenue of $13.1 million, primarily from staking rewards of its GRAM treasury, down from $15 million in Q2. As of the end of the quarter, the company held approximately 235.1 million GRAM (formerly Toncoin), valued at $348.5 million, of which 232.9 million were staked, with an annualized gross yield of about 16%. During the same period, the company repurchased $5.7 million in stock and supported the TON network upgrade while launching the native Gram Wallet on Telegram.The financial report showed that TON Strategy had a net loss of $24 million for the quarter, which included an unrealized loss of $27.2 million on its GRAM holdings, compared to an unrealized gain of $82.8 million in the previous quarter. The company stated that it has made progress in cost structure efficiency after ending the business inherited from VERB. CEO Kevin Wilson mentioned that GRAM has been integrated into several existing services of Telegram, including advertising payments and creator monetization, with TON supporting on-chain ownership and transfer of Telegram usernames and gifts; the expansion of access to the native wallet is expected to make GRAM more convenient for payments and transfers, bringing more opportunities for consumer-grade applications based on TON.TON Strategy was formerly Verb Technology Company, which raised approximately $560 million in a deal led by Kingsway Capital in August 2025, transforming into a treasury company for The Open Network's native token, which was renamed Gram earlier this year. Pavel Durov, founder and CEO of Telegram, stated on X on Monday that over 700,000 self-custody wallets were created on Telegram in the past 48 hours. TONX's stock price rose 2.4% on Tuesday, with an annual increase of nearly 25%.

Bridgewater Dalio: Infighting intensifies after the midterm elections, which may push up short-term U.S. Treasury yields

Ray Dalio, the founder of Bridgewater Associates, published an article discussing the results of the U.S. midterm elections. He believes that the elections will not change the core issues facing the United States, such as debt, wealth and value divergence, geopolitical tensions, climate, and technology. Future conflicts between parties and within parties, as well as government dysfunction, may intensify.Dalio pointed out that funding issues will soon come to the forefront: on December 11, Trump's temporary funding will expire, and the federal debt is expected to hit its ceiling by March 2027. By the fall of 2027, the Treasury is expected to exhaust its funding maneuvering options. He believes that the related conflicts may be quite intense, and uncertainty could push up short-term yields such as U.S. Treasury bills, exacerbating concerns about liquidity and credit risk, and weakening the status of U.S. Treasuries as a major global safe collateral.He also stated that Elizabeth Warren's appointment as chair of the Senate Banking Committee could trigger conflicts and changes that impact the economy and markets. The election results will make Trump a targeted lame-duck president, weakening the United States' international standing and potentially leading to a strategic contraction of the U.S., increasing the influence of regional powers like China.

Bank of Beijing launches a tender for digital RMB business, involving security infrastructure such as firewalls and encryption machines

According to the Digital Currency Research Society, on October 27, Beijing Bank released a public tender announcement for the procurement project of firewall equipment for digital currency business in 2026 through the official centralized procurement management system. Along with the previously announced procurement projects for IPS, encryption machines, WAF, SSL, signature devices, etc., the bank has officially launched a centralized upgrade of the full-chain security infrastructure for digital renminbi business, covering core security nodes such as intrusion defense, encrypted transmission, web application protection, and identity signing.In April of this year, Beijing Bank became a newly added operational institution for digital renminbi business and connected to the central bank's digital renminbi system. In August, the central bank added 8 more operational institutions, expanding the total to 30. Previously, several newly added operational institutions, such as Huishang Bank, Hangzhou Bank, and Guangxi Beibu Gulf Bank, had initiated tenders for core digital currency systems worth tens of millions. The report pointed out that Beijing Bank's inclusion of various security devices such as firewalls and encryption machines in centralized procurement is a proactive security layout to adapt to the new features of digital renminbi, such as high-concurrency transactions and programmable smart contracts.
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