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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%.

South Korea plans to postpone the cryptocurrency capital gains tax for two years until 2029, and may allow losses to be carried forward for deductions

According to a report by the Korean News Agency, South Korean Finance Minister Lee Hyoung-il stated that the government plans to postpone the cryptocurrency capital gains tax originally scheduled for implementation in 2027 by two years to 2029 and will consult with the National Assembly to advance related legislation. The South Korean government explained that it plans to start exchanging virtual asset tax information with the United States in 2029, and taxing before this could put the domestic cryptocurrency market at a competitive disadvantage. This delay aims to improve the taxation mechanism for domestic and foreign transactions and enhance tax fairness.Under the current plan, the portion of individual annual cryptocurrency gains exceeding 2.5 million Korean won (approximately $1,869) will be subject to a tax rate of 22%. If the postponement plan is ultimately approved, this will be the fourth delay in implementation since South Korea first pushed for cryptocurrency capital gains taxation in 2020. In addition, the South Korean government also plans to study allowing investors to carry forward losses to offset future gains, proposing a three-year limit; at the same time, it will establish a government-business working group to improve the taxation details for different transaction scenarios and promote the legislation of the digital asset bill. The government plans to submit relevant amendments to the National Assembly during the regular session in 2027.
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