𝔾𝕓𝕠𝕤𝕥𝕝𝕪 𝕄𝕒𝕟𝕠𝕣

$TON is up 61% on the week. Two things are converging - technical improvements and a meaningful governance shift with Pavel Durov actively pushing. On the tech side: block rate up 6x, transactions now subsecond, fees down 6x to near zero, new dev tools and performance upgrades incoming. This closes the gap with the most performant L1s. On the fundamental side: Telegram is replacing the TON Foundation as the primary driving force and becoming the network's largest validator. That's a direct alignment of incentives between TON and 800M+ Telegram users - the largest captive distribution channel in crypto. The validator staking dynamic is also worth noting - 20%+ APR creates sustained buy pressure as more supply gets locked competing for yield. TA wise, price just broke out of a multi-month accumulation range on the highest volume in months. I'm long.

As part of our effort to strengthen long-term protocol alignment, we are winding down cmETH, our liquid restaking token. All other mETH Protocol products will operate as usual. → Rationale Since launch, cmETH quickly grew into one of the most widely integrated LRTs, reaching $620M in TVL at its peak. However, following careful evaluation of current sector developments, winding down cmETH is the most prudent path forward as we refocus resources where we can deliver more durable value to users. → Key Dates May 7, 2026: cmETH minting disabled. Existing positions are unaffected, with unstaking and bridging remaining operational. Mid-June, 2026: Final EigenLayer reward distribution. Any undistributed rewards earned through Oct. 20, 2025 will be made available to claim. Nov. 7, 2026: Reward claim window closes for previous cmETH campaigns. If future TGEs occur from related AVSs or restaking partners that include retroactive rewards, they will still be distributed to eligible users. *cmETH unstaking and bridging are expected to remain available after this date, subject to ongoing review of remaining supply and user activity. → Next Steps • cmETH holders: You can continue to unstake or bridge. • Partner protocol users: Please review your positions and check each platform’s continued support for cmETH. • Unclaimed rewards: Please claim them before Nov. 7, 2026. • mETH stakers: No action is required. Thank you for being part of our journey. mETH Protocol continues to build.

Y'all know, security is becoming hard to ignore in this space After everything that just happened, it’s clear that the weak point isn’t always the code, it’s the whole stack And yeah… market cycles are funny ➜ One wave of memecoins fades, next thing people start paying attention to is risk So? Seeing $CYB launching around this timing makes sense tbh Not saying anything crazy, but if narratives rotate the way they usually do ➜ Security might be next in line Just under 100k Mcap for this narrative? Let’s see how it plays out 👀

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