PANews reported on October 29 that at the Blockchain Life 2025 conference in Dubai, Telegram founder Pavel Durov announced the launch of "Cocoon"—a Confidential Compute Open Network built on the TON blockchain and the Telegram ecosystem.
The project will utilize GPU mining and focus on privacy and confidential AI computing scenarios, with Telegram playing a central role in its development. The official public beta is planned for November 2025. Durov also revealed that third-party developers within the Telegram Mini Apps ecosystem have generated over $1 billion in revenue in the past year.

21Shares has filed for a Hyperliquid ETF, while Bitwise’s Solana staking ETF has a big day of trading as investors perk their ears toward altcoins. Asset manager 21Shares is seeking to launch an exchange-traded fund (ETF) tracking the token behind the perpetual futures protocol and blockchain, Hyperliquid, amid growing Wall Street interest in alternative cryptocurrencies.The company filed for the 21Shares Hyperliquid ETF with the Securities and Exchange Commission on Wednesday, which did not disclose a ticker symbol or fee. Coinbase Custody and BitGo Trust were named as custodians.It follows a similar filing for a Hyperliquid (HYPE) ETF from Bitwise last month. The token gives discounts on the Hyperliquid decentralized exchange and is used to pay fees on its blockchain. It has increased in value over the past year, in line with the service’s growing popularity.Read more