AI Infrastructure Boom Meets Geopolitical Storm (2026-06-01)

IREN lands $3.65 billion A-rated financing for Microsoft AI buildout

Bitcoin miner-turned-AI-infrastructure provider IREN secured $3.65 billion in financing backed by its cloud computing contract with Microsoft on Monday.

According to a release, the financing facility received investment-grade ratings of A from Fitch and A(low) for DBRS, which the company claims is “the highest publicly rated investment-grade GPU financing announced and the first GPU financing in the U.S. private placement market.”

The high ratings helped IREN secure a blended borrowing cost of just 6%, and the financing itself consists of a $2.1 billion U.S. private placement and a $1.55 billion delayed-draw loan. That, along with customer prepayments from Microsoft, funds roughly 96% of the $5.81 billion in GPU capital tied to the contract, according to IREN.

“Securing investment-grade financing on these terms reflects both the quality of our customer contracts and the fact that we own the data center infrastructure these GPUs run in,” co-founder and co-CEO Daniel Roberts said in a statement.

Like many of its publicly traded bitcoin miner peers, IREN has spent the past year pursuing opportunities tied to the AI data center boom. The company signed its multibillion-dollar AI cloud agreement with Microsoft in late 2025 and later scored a partnership with Nvidia with plans for a large-scale AI compute buildout.

The new financing comes just weeks after IREN closed a $3 billion convertible notes offering. It also addresses concerns recently raised by Bernstein analysts, who described IREN’s AI expansion as “capital-intensive” and dependent on access to flexible financing. In a note last month, Bernstein analysts pointed to IREN as one of the best-positioned bitcoin miners to benefit from AI infrastructure demand, citing its expanding power footprint and AI compute contracts.

IREN shares were down nearly 2% to $62.30 in the first trading hour on Monday after reaching a more than six-month high above $68 last week.

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[The Block]

Pavel Durov: The TON native token has been renamed to Gram, while the blockchain name remains unchanged.

Telegram founder Pavel Durov announced on his personal channel that the TON ecosystem has announced the launch of a brand upgrade plan, and the name of its native token will be changed from TON to Gram. The team stated that “Gram” was the name of the native currency in the original white paper of the TON project, and the renaming aims to return to the original intention of the project and start a new stage of ecological development.

According to the announcement, this brand conversion is expected to be gradually completed in the next three weeks. During the transition period, related infrastructure, wallets, and ecological applications will be updated with the token name one after another.

TON emphasized that this adjustment only involves the brand name of the native token, and the TON blockchain network itself will continue to use the name “TON (The Open Network)” and will not be affected.

The official said that restoring the native token to Gram is the fourth step in the “Make TON Great Again” seven-step strategy, and more ecological development plans and upgrade measures will be announced in the future.

[ChainCatcher]

NVIDIA’s gains widen to 5%, while TSMC surges 5% to a new all-time high

According to MSX.COM data, NVIDIA’s stock surged by 5% to $222.10 per share, following its announcement of a new superchip designed for Windows PCs; related laptops and desktops are expected to launch this fall.

TSMC’s stock jumped 5% to $439.50 per share, hitting a new record high, with a total market capitalization of $2.28 trillion. Cloud computing service provider CoreWeave rose over 14%; the company has completed the industry’s first deployment and validation of NVIDIA’s Vera Rubin NVL72 platform.

[Odaily]

Pavel Durov Rebrands TON Coin to GRAM: Full Circle Return

Pavel Durov has officially announced that TON’s native currency is becoming Gram, marking a nostalgic yet forward-looking shift for the Telegram-integrated blockchain. The move revives the original 2018 name from Telegram’s first whitepaper, signaling deeper integration and a new chapter for the project.

Gram was the token name during Telegram’s initial TON (Telegram Open Network) push, which raised $1.7 billion before the SEC intervened in 2020. Telegram abandoned the project, refunded investors, and open-sourced the code. The community relaunched it as Toncoin (TON) under the TON Foundation. Durov’s announcement positions this rebrand as a return to roots while advancing Telegram’s control.

TON remains the blockchain’s name; only the currency rebrands to Gram (GRAM). No token swap or technical changes affect balances, staking, or DeFi.

The transition will take around three weeks. This is step 4 of 7 in Durov’s “Make TON Great Again” (MTONGA) roadmap. Earlier steps included major upgrades: Catchain 2.0 for sub-second finality, fee reductions by 6x to near-zero, and Telegram becoming TON’s largest validator with millions of TON staked.

Analysis: The Clarity Act Faces Dual Pressure of Time and Lobbying in the Senate

On June 1, according to Crypto in America, the U.S. Senate will reconvene this week and remain in session until its recess on July 4. Amid a packed legislative agenda, top priorities include funding for the Department of Homeland Security, supplemental Pentagon appropriations, and reauthorization of Section 702 of the Foreign Intelligence Surveillance Act (FISA). It remains uncertain whether the Clarity Digital Asset Market Structure Act will make it onto the agenda.

The bill still requires reconciling differences between the versions drafted by the Senate Banking Committee and the Senate Agriculture Committee, and must secure consensus among some Democratic lawmakers on provisions related to ethics standards, DeFi enforcement tools, and legal protections for developers—necessary to clear the 60-vote threshold.

Meanwhile, JPMorgan CEO Jamie Dimon and U.S. banking industry lobbying groups have launched a new campaign opposing the current stablecoin yield compromise proposal; Custodia Bank is preparing to petition the U.S. Supreme Court to hear its case challenging the Federal Reserve’s denial of a master account.

[PANews]

Oil Price Nears $100 as Iran Walks Away From US Talks with New Threats

Oil prices climbed toward $100 a barrel on Monday after Iran suspended all nuclear negotiations with the United States and pledged to close the Strait of Hormuz, reviving fears of a full-blown energy shock. WTI crude jumped roughly 8% to $96.14, while Brent traded near $100, as Tehran tied any further dialogue to a halt in Israeli operations across Lebanon and Gaza.

Iran’s top negotiator Mohammad Bagher Ghalibaf said Monday that the US blockade of Iranian ports and Israel’s military operations in Lebanon were proof of Washington’s noncompliance with the existing ceasefire framework. State-affiliated Tasnim News Agency reported Tehran will exchange no further messages with US intermediaries until Israel withdraws from occupied parts of Lebanon and ends strikes in Gaza.

The reversal came nine days after President Donald Trump said a broader deal was “largely negotiated” and would be announced shortly, a statement that had unwound months of geopolitical risk premium tied to Iran deal optimism.

WTI crude futures climbed to levels just shy of $100 a barrel by Monday afternoon. Traders are pricing the risk that Iran follows through on its threat to close the Strait of Hormuz, the chokepoint that carried about 20% of global seaborne oil in 2024. Tehran also signaled it could activate Houthi operations across the Bab el-Mandeb, widening the Hormuz oil price gap between paper and physical barrels.

Analysts have warned that a dual chokepoint disruption would push oil well past $100 a barrel and compound the critical oil inventory tightness already flagged by Gulf producers earlier this spring. The next 48 hours will test whether Trump can pressure Israeli Prime Minister Benjamin Netanyahu to scale back Lebanon strikes or whether Tehran follows through on its blockade threat. For now, traders are treating the move as a return to wartime risk pricing rather than a one-day spike, given that supply through Hormuz has been constrained since late February.

The Strive plan will increase financing to $4.20B to buy more Bitcoin.

According to Bitcoin Magazine, U.S.-listed Bitcoin treasury company Strive has increased its fundraising target to $4.2 billion to purchase more Bitcoin.

[Foresight News]

ARM surged 18.51%, with a total market value exceeding $447.0 billion.

According to MSX.COM data, ARM Holdings stock price rose 18.51% to $418.68 per share, with a total market value of $447.02 billion.

It is reported that MSX is a leading RWA trading platform that has launched hundreds of RWA tokens, covering U.S. stock and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.

[Odaily Planet Daily News]

Pakistan’s Foreign Ministry: Iran has requested continued mediation to de-escalate the current situation and support a ceasefire.

According to Saudi Arabia’s Al Arabiya television: Pakistan’s Foreign Ministry said that Iran has requested continued mediation to ease the current situation and support a ceasefire.

[Odaily]

Polymarket has finally ruled that “Strategy selling coins in May” is No.

Although market rumors claimed that Strategy sold BTC, the Polymarket prediction market “Strategy Sells BTC in May” was ultimately resolved as “No,” as no official statement has been issued by Strategy.

Polymarket’s official statement reads: “We are aware of the controversy surrounding this prediction market. If a clarification announcement is to be issued, it will be released at 1:00 PM Eastern Time on June 1. If no statement is released by that time, it means the Polymarket team will not issue any related clarification. Regardless of whether a clarification is issued, the order book for this market will be settled at 1:00 PM Eastern Time on the same day.”

[Odaily Seer Oracle Channel]

Radiant Capital announces gradual shutdown of operations, protocol enters maintenance mode

June 1st news, according to the official announcement of Radiant Capital, Radiant Capital DAO, after 18 months of efforts following the hacker attack in October 2024, has decided to enter an orderly exit phase due to its failure to effectively recover funds and the lack of new capital and operating funds, making it no longer sustainable.

The protocol front-end and on-chain contracts will remain open, and users can still withdraw, repay, and manage positions, but there will be no more feature iterations, upgrades, or expansions; the lending cap will be set to zero, RDNT token incentives will be stopped, and treasury funds will only be used for necessary operations.

The team will shift its focus to user security, fund recovery, and orderly liquidation of the protocol. The recovery portal and on-chain tracking will continue, and any recovered assets will be returned to affected users as planned.

[PANews]