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Today in cryptocurrency, TON has introduced the UAE Golden Visa initiative, requiring only $100,000 in staked TON, while Arkham reports that the recent $8.6 billion Bitcoin whale transfer does not appear to be a liquidation. In addition, musical artist Drake refers to BTC in his new track.
TON provides 10-year UAE golden visa for $100K in staked Toncoin
The Open Network (TON), the blockchain platform originating from Telegram, has introduced a fresh route to UAE residency, offering 10-year Golden Visas to those who stake $100,000 worth of Toncoin (TON) for a duration of three years and pay a one-time processing fee of $35,000.
“Obtain your Golden Visa in less than 7 weeks from document submission to the Visa Office,” TON declared on Saturday, clarifying that its partners based in the UAE will oversee the visa application and residency status verification.
During the staking period, applicants maintain control of their assets through a decentralized smart contract that can be verified on the TON blockchain. Additionally, the initiative promises estimated annual returns of 3% to 4% on staked assets, providing a further incentive for cryptocurrency investors.
The Golden Visa encompasses immediate family members, including spouses, children, and parents, at no extra cost beyond typical government fees.
$8.6B Bitcoin whale transfer indicates no signs of sell-off: Arkham
Arkham, a blockchain intelligence company, states that the recent transfer of $8.6 billion in Bitcoin that occurred on Thursday after more than 14 years does not seem to be destined for liquidation.
“There are no signs that this whale is liquidating their Bitcoin,” Arkham stated in an X post on Friday.
The Arkham firm also indicated that the eight transfers — each moving 10,000 Bitcoin from eight wallets that had remained untouched for over 14 years — may be a result of the owner upgrading from the original legacy wallet to a Native SegWit address, which is believed to offer improved security and lower transaction fees.
“The $8 billion transfers from yesterday may have been associated with address upgrades, transitioning from legacy addresses to bc1q-addresses,” Arkham noted.
Drake includes Bitcoin reference in new track
Musical artist Drake alluded to Bitcoin (BTC) in his recent song “What Did I Miss?” The track was released on Saturday and is already capturing the interest of Bitcoin enthusiasts on social media.
Previously, Drake bet $1 million in BTC on the result of the 2022 Super Bowl; the championship match of the American contact sport. The specific lines from the track go:
“I view this situation like a BTC, it might dip this week, then I’m up the following week. I don’t care if you adore me. I don’t care if you favor me. Asking me ‘How was it?’ Can’t say it didn’t take me by surprise.”
Cultural references to Bitcoin suggest that the digital currency is gradually transitioning from a niche interest to mainstream awareness.
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