Telegram’s proposed partnership with Elon Musk’s xAI is facing uncertainty after Musk publicly denied that any agreement has been finalized. 

This comes just hours after Telegram CEO Pavel Durov announced what appeared to be a $300 million deal to integrate xAI’s Grok chatbot into the messaging app.

On Wednesday, Durov said the two companies had agreed “in principle” to a one-year partnership. He claimed the deal included a $300 million cash-and-equity investment from xAI, plus 50% of the subscription revenue generated from Grok within Telegram. 

Grok would reportedly be integrated across Telegram’s apps this summer, enabling AI features such as smart search, message rewriting, and content moderation.

Musk’s rebuttal 

But in a brief comment on X, Musk refuted Durov’s announcement: “No deal has been signed.” Following Musk’s rebuttal, Durov walked back the certainty of his statement, saying the agreement was still pending final documentation.

The confusion comes at a critical time for Telegram. The platform recently announced plans to raise $1.5 billion in a bond sale, reportedly involving institutional investors such as Citadel, BlackRock, and Mubadala. 

Durov had said the Grok partnership would help bolster Telegram’s financial position following its 2024 profit of $540 million.

Despite the lack of a finalized deal, Toncoin (TON), Telegram’s associated crypto token, initially jumped nearly 19% on the news before retreating after Musk’s response. 

[PRESS RELEASE – Singapore, Singapore, May 29th, 2025]

Reactive Network, the leading EVM-compatible interoperable execution layer powering the future of decentralized applications, is excited to announce the launch of Phase 2 of its Staking Program, starting June 10th. Following the success of Phase 1, which saw over 66 million REACT tokens staked, the next phase offers users greater reward potential, strategic options, and improved transparency.

Phase 2 Highlights:

• Total Reward Pool: 2,300,000 REACT
• Flexible lock-up durations: 30, 60, and 90 days
• Enhanced UI: Real-time APY tracking, earned REACT visibility, and staking weight indicators

“Phase 1 exceeded our expectations across the board—from community engagement to total value staked,” said Rong Kai Wong, CEO of Reactive Network. “With Phase 2, we’re doubling down on that success by giving stakers even more control, improved visibility, and greater reward potential—while continuing to reinforce the decentralized foundations of our network.”

Pool Structure & Timeline:

• 30-Day Pool: Ideal for short-term stakers. Runs June 10 – July 9. Rewards distributed over two cycles of 127,778 REACT each.
• 60-Day Pool: A balanced option with 511,111 REACT allocated. Runs concurrently from June 10 – August 8.
• 90-Day Pool: Maximum commitment, maximum rewards. Allocated 1,533,333 REACT and runs from June 10 – September 7.

Participants can restake seamlessly between pools as each cycle concludes, providing multiple decision points to optimize their staking strategy.

How to Stake:

• Existing Stakers can: Visit the Reactive token portal, click “Unstake” to claim their rewards, then choose “Restake” to enter Phase 2.
• New Participants can: Simply visit the portal, select a preferred pool (30/60/90 days), and confirm their stake.

Key FAQs:

• Phase 1 ends at block #1,157,133 (~June 9, 23:50 GMT).
• Rewards are not automatically distributed; they must be manually claimed.
• Phase 2 is open to both existing and new participants.
• Lock-up periods are fixed per pool and non-withdrawable until expiration.

For more details, users can visit: https://portal.reactive.network/

About Reactive Network

The Reactive Network, pioneered by PARSIQ, ushers in a new wave of blockchain innovation through its Reactive Smart Contracts (RSCs). These advanced contracts can autonomously execute based on specific on-chain events, eliminating the need for off-chain computation and heralding a seamless cross-chain ecosystem vital for Web3’s growth.

Central to this breakthrough is the Inversion of Control (IoC) framework, which redefines smart contracts and decentralized applications (DApps) by imbuing them with unparalleled autonomy, efficiency, and interactivity. By marrying RSCs with IoC, Reactive Network is setting the stage for a transformative blockchain era, characterized by enhanced interoperability and the robust, user-friendly foundation Web3 demands.

Website | Blog | Twitter | Telegram | Discord | Docs

Don’t just buy your memes. Snort them.

That’s what the newest meme coin on presale aims to help you with. And considering how popular it’s become in the 24 hours since going on presale (raising $167K), this token might just be your ticket to those sweet, sweet crypto gems.

Let’s see what that’s about.

New Solana Bot Launches with Meme Energy and Trading Power

A new contender just entered the memecoin arena, and it’s here to snort out the best memecoin deals around and crush the competition.

Snorter Token ($SNORT), a Solana-native Telegram trading bot, officially kicked off its token presale, preparing to bring the speed, simplicity, and attitude traders have been waiting for.

Stop trying to flip Solana meme coins on mainstream DEXs and CEXs; the real deals are hidden on Telegram.

And this Snorter Bot Token sniffs them out.

Powered by Solana, $SNORT brings blazing-fast execution, low fees, and top-tier MEV protection to the fast-paced world of Telegram meme coins.

With just a few quick whiffs, the Snorter Bot Token turns Telegram into a one-stop crypto terminal for swaps, snipes, and copy-trades.

You’ll find those hidden Solana gems, and you’ll find them fast.

Deploying the latest algorithms, Snorter Bot emphasizes speed and efficiency. No more will Telegram meme hunters suffer from:

• Slow, manual meme-coin hunting
• Falling victim to MEV, honeypots, and rug pulls
• Fragmented tooling, juggling wallets, price bots and charts

A Solana-ready, Telegram-native Snorter Bot solves all three problems at once.

Security is also front and center for the Snorter Bot Token, with live blacklist scans and alerts to help traders dodge rugs and honeypots. Meanwhile, a full-featured dashboard, built right into Telegram, will deliver real-time portfolio tracking and trade control.

Multichain-Ready $SNORT Delivers 1,746% Staking Rewards

$SNORT raised over $60K in minutes when the presale went live; the token price currently sits at its lowest-ever $0.0935.

Built for speed and scale, Snorter is multichain-ready – Solana first, then Ethereum, with BNB Chain and other EVM networks in the pipeline.

Its integrated tools let traders snipe the best altcoins before others even know they’re there.

And it isn’t just a catchy bot; $SNORT also delivers 1,746% staking rewards during the presale. Buy your $SNORT now, stake, and receive more $SNORT over the next year for passive income.

$SNORT Token Powers Full-Stack Meme Trading, Rewards and Governance

Holding $SNORT isn’t just for lower trading fees. It unlocks staking rewards, governance rights, and a share in a 25M token reward pool. Some of the benefits include:

• Feature Tiering, unlocking the lowest trading fees (0.85%), unlimited snipes, and advanced analytics
• Staking, participating in the 25M rewards pool and dynamic APY
• Governance, as staking $SNORT equals voting power for decisions on fee levels, expansion priorities, and treasury spending decisions
• Community Incentives, using $SNORT to enter trading leagues and pay for bot upgrades

The token’s total supply is capped at 500M. A full 25% of the token supply is reserved for product development.

As meme coins shift from speculation to real utility, Snorter Bot and the $SNORT token could be the breakout hit of the bot-powered alt-season.

Join the Snorter Presale for the Best Bot Opportunities

The $SNORT presale is live now. Buyers can use $SOL, $ETH, $USDT, $USDC, or card. If you purchase through the Best Wallet app, you’ll also find added perks in-app like token tracking and early access to future launches.

Sniff out, snipe, and save yourself the worry. Big-time meme coin trading is here with Snorter Bot token.

Do your own research – always. Crypto is, and always will be, volatile.