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In a move reflecting the accelerating integration between social media platforms and blockchain technology, a governance vote for the Toncoin network has approved rebranding its native token (TON) to GRAM with 81.22% support. According to reports, the official rebrand is set to take effect on June 15. Simultaneously, Pavel Durov unveiled a fully native Telegram application for the Apple Watch, aiming to strengthen the platform's presence in the wearables sector and expand its hardware footprint.
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Sign InThis technical expansion comes as Big Tech peers intensify competition in merging financial and software services, with Microsoft (MSFT) closing at $403.41 and Meta (META) at $584.59 per market data on June 9, 2026. Compared to previous quarters, Telegram's new app seeks to leverage Apple's growing user base, as Apple’s recent earnings reports highlighted sustained growth in the Services and Wearables segments, which contribute billions in annual revenue (per AAPL quarterly filings).
Traders should monitor Apple (AAPL) shares, which stood at $289.15 (close June 10, 2026), to gauge how such software integrations impact smartwatch ecosystem stickiness. Looking ahead to the economic calendar, the market awaits the U.S. Initial Jobless Claims report tomorrow, a key catalyst that could influence risk appetite across both tech equities and digital asset markets.