Cardano&#8217;s 2026 Summit in Singapore is off after the network&#8217;s treasury 
governance process failed to approve funding for it. The official event page 
now says the Summit will not take place on Oct. 5-6 as previously announced. 
The cause is governance: Cardano Foundation said treasury-funded initiatives 
are subject to community vote, and the community decided not to proceed with 
[…]
The post Cardano just canceled is 2026 Summit &#8211; exposing the power and risk of 
its governance vetos appeared first on CryptoSlate.

Cardano&#8217;s 2026 Summit in Singapore is off after the network&#8217;s treasury governance process failed to approve funding for it. The official event page now says the Summit will not take place on Oct. 5-6 as previously announced. The cause is governance: Cardano Foundation said treasury-funded initiatives are subject to community vote, and the community decided &#8230;

Cardano just canceled is 2026 Summit – exposing the power and risk of its governance vetos

Cheap oil may not return soon, leaving investors, businesses, and consumers 
exposed to higher costs for longer. A new supply-security premium could keep 
inflation pressure alive, delay rate cuts, and reshape global markets. Oil’s 
New Security Premium Puts Inflation and Rate Cuts at Risk Cheap oil may not 
return soon, and Devere Group CEO Nigel […]

Cheap oil may not return soon, leaving investors, businesses, and consumers exposed to higher costs for longer. A new supply-security premium could keep inflation pressure alive, delay rate cuts, and reshape global markets. Oil’s New Security Premium Puts Inflation and Rate Cuts at Risk Cheap oil may not return soon, and Devere Group CEO Nigel &#8230;

Cheap Oil May Not Be Coming Back Soon as Markets Price Supply Risks

Toncoin (TON) roared higher on Monday, climbing about 11% and pushing above 
roughly $2.30 earlier in the day before cooling slightly. The jump came after 
Telegram founder and CEO Pavel Durov announced that The Open Network’s native 
token will be renamed from Toncoin to “Gram” over the next three weeks. TON 
Shift To ‘Gram’ Durov said the rebranding is more than marketing. “TON&#8217;s 
native currency is becoming Gram,” he wrote, adding that “Gram was the 
original name of TON&#8217;s currency in the first white paper.” In his message, he 
described the move as a return to the network’s roots and the start of what he 
called “a new chapter.” He also framed the rename as “step 4 of 7 to Make TON 
Great Again,” referring to a broader roadmap he has disclosed in his personal 
Telegram channel since May. Durov stated that the blockchain will remain 
called TON, and that the three-week transition will not require holders, 
validators, or DeFi integrations to take action. Existing TON balances, he 
said, will continue to function normally and will trade under the GRAM ticker 
once exchanges and wallets update their systems. Related Reading: BNB Extended 
Price Target Says $780 Is Coming, But What About $1,000? As reported by The 
Defiant, the Gram label carries the heaviest legal baggage in TON’s timeline. 
Telegram previously raised about $1.7 billion in two presale rounds in 2018 
for “Gram” tokens that were never ultimately issued. Later, in October 2019, 
the US Securities and Exchange Commission (SEC) obtained an emergency action 
halting the offering, describing it as an unregistered securities sale. The 
legal fallout continued into a later resolution. A settlement reached in June 
2020 required Telegram to return $1.2 billion to investors and pay an $18.5 
million penalty. Three More Steps Coming Durov’s announcement also points to 
“step 4” as part of a sequence of upgrades he pushed through after taking over 
validator responsibilities in May. Under those earlier steps, the network 
rolled out Catchain 2.0, aimed at enabling sub-second block finality. Durov 
also highlighted Telegram’s role in validation, saying that Telegram itself 
became the network’s largest validator with millions of tokens staked via the 
messenger’s own infrastructure. Related Reading: Pundit Shares Why Most People 
Will Miss The XRP Run Still, there is more to come. Durov said three 
additional steps remain in his seven-step roadmap, though he has not publicly 
outlined what those steps will involve. Since Durov’s announcement earlier in 
the day, TON trades at $2.11 at the time of writing. Even with the pullback, 
the token is still showing major gains—up about 56% over the monthly 
period—though it remains roughly 75% below its all-time high of $8.25. 
Featured image created with OpenArt; chart from TradingView.com

Toncoin (TON) roared higher on Monday, climbing about 11% and pushing above roughly $2.30 earlier in the day before cooling slightly. The jump came after Telegram founder and CEO Pavel Durov announced that The Open Network’s native token will be renamed from Toncoin to “Gram” over the next three weeks. TON Shift To ‘Gram’ Durov &#8230;

Bullish Shift For TON: Price Breaks Above $2 Following Telegram CEO’s Gram News

Burning the remaining escrow is an option Ripple has not ruled out, though its 
own chief architect has questioned whether doing so would actually move the 
price. David Schwartz pointed to a 2019 decision by the Stellar Development 
Foundation, which destroyed 55 billion XLM — half of its total supply — 
without triggering any noticeable price movement. Related Reading: Could XRP 
Hit $10 This Bull Run? World’s Highest IQ Holder Thinks So A Complicated 
Question On Burning Schwartz said Ripple could unilaterally ensure the locked 
tokens never enter circulation, and he added the company could replicate the 
effect of selling escrow by transferring control of the account that the 
escrow completes into. CEO Brad Garlinghouse, for his part, said he does not 
rule anything out when asked about permanently destroying the reserves. The 
comments come as Ripple completed its latest scheduled monthly escrow release, 
unlocking 1 billion XRP across three separate transactions worth more than 
$1.33 billion, according to on-chain tracker Whale Alert. 🔓 🔓 🔓 🔓 🔓 🔓 
100,000,000 $XRP (133,215,296 USD) unlocked at #Ripplehttps://t.co/Sh73Tf22at 
— Whale Alert (@whale_alert) June 1, 2026 The largest of the three moved 500 
million XRP, valued at roughly $666 million. A second transaction transferred 
400 million XRP at around $533 million, while a final transfer released 100 
million XRP worth approximately $133 million. How Much Is Left Of the 100 
billion XRP that will ever exist, about 61.85 billion are currently in 
circulation, based on Binance market data from early June 2026. That leaves 
Ripple holding roughly 38.15 billion XRP still locked in escrow. The monthly 
billion-XRP unlock does not mean a billion tokens flood the open market each 
time. Ripple re-escrows a large portion of what it unlocks, keeping only a 
fraction for its own use. Each returned batch effectively adds another month 
to the back end of the escrow schedule. Related Reading: Bitcoin Faces 
Prolonged Downtrend Through 2027, Analyst Warns When Escrow Ends Schwartz has 
also said the company voluntarily returns whatever XRP it expects it will not 
need, want, or use back into the system. That practice makes it hard to pin 
down exactly when the escrow will be emptied. The XRP Ledger caps total supply 
at exactly 100 billion tokens, a fixed ceiling that cannot be changed. 
Featured image from Unsplash, chart from TradingView

Burning the remaining escrow is an option Ripple has not ruled out, though its own chief architect has questioned whether doing so would actually move the price. David Schwartz pointed to a 2019 decision by the Stellar Development Foundation, which destroyed 55 billion XLM — half of its total supply — without triggering any noticeable &#8230;

Ripple Moves 1 Billion XRP In Latest Monthly Escrow Release

Binance will let non-U.S. users trade more than 7,000 U.S. stocks and ETFs 
with zero commissions and fractional purchases. The exchange also plans to 
introduce “bStocks,” allowing eligible users to tokenize certain equities on 
BNB Chain. Richard Teng Pushes Binance Into U.S. Equities Binance is moving 
deeper into traditional finance with a plan to offer […]

Binance will let non-U.S. users trade more than 7,000 U.S. stocks and ETFs with zero commissions and fractional purchases. The exchange also plans to introduce “bStocks,” allowing eligible users to tokenize certain equities on BNB Chain. Richard Teng Pushes Binance Into U.S. Equities Binance is moving deeper into traditional finance with a plan to offer &#8230;

Binance Opens 7,000 US Stocks to Global Users With Commission-Free Access

Selling from all angles pushed Bitcoin below $71,000 at the weekly open, but 
early bullish positioning in BTC derivatives may signal the start of a 
recovery.

Selling from all angles pushed Bitcoin below $71,000 at the weekly open, but early bullish positioning in BTC derivatives may signal the start of a recovery.

Cardano just canceled is 2026 Summit – exposing the power and risk of its governance vetos

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