CoinShares set a 12-month base-case target of $3.50 on Gram (GRAM), previously known as Toncoin, in a report by research head James Butterfill, built when the token traded at $2.40. Gram now changes hands near $1.60, having surrendered the entire rally triggered by Telegram's takeover of the network.

CFTC Chairman Michael Selig used a Fox Business appearance to say the Trump administration will not allow a U.S. central bank digital currency, framing the position as part of a broader digital-asset agenda built around federal crypto rules, private-sector innovation, and regulated market oversight.

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