Today, in the crypto space, TON has introduced the UAE Golden Visa initiative, which necessitates only $100,000 in staked TON, although the program’s credibility was challenged by former Binance CEO Changpeng “CZ” Zhao. In the meantime, Arkham stated that the recent $8.6 billion Bitcoin whale transaction does not appear to be associated with a sell-off, and musical artist Drake referenced BTC in a new track.
TON offers a 10-year UAE golden visa for $100K in staked Toncoin
The Open Network (TON), the blockchain platform emerged from Telegram, has announced a fresh route to UAE residency, providing 10-year Golden Visas to individuals who stake $100,000 worth of Toncoin (TON) for three years and cover a one-time processing fee of $35,000.
“Secure your Golden Visa in under 7 weeks from document submission to the Visa Office,” TON revealed on Saturday, specifying that its UAE-based collaborators will handle the visa application process and confirm residency status.
Applicants maintain ownership of their assets throughout the staking duration via a decentralized smart contract that can be verified on the TON blockchain. Additionally, the program guarantees projected annual returns of 3% to 4% on staked assets, offering an added motivation for crypto investors.
The Golden Visa also includes benefits for immediate family members, such as spouses, children, and parents, at no extra charge apart from standard government fees.
Nonetheless, former Binance CEO Changpeng “CZ” Zhao questioned the program’s validity, highlighting the absence of official government announcements.
“It would be fantastic IF it is authentic. But I’ve received conflicting information thus far,” CZ remarked, adding that there is “no official government website” providing updates about the Golden Visa proposal.
$8.6B Bitcoin whale transfer shows no signs of sell-off: Arkham
Blockchain intelligence firm Arkham asserts that the recent $8.6 billion in Bitcoin, moved on Thursday for the first time in over 14 years, doesn’t indicate a sell-off.
“There are no signs that this whale is liquidating Bitcoin,” Arkham stated in a post on X on Friday.
Arkham further mentioned that the eight transactions—each transferring 10,000 Bitcoin from eight wallets that remained dormant for over 14 years—could be likely due to the owner migrating from the original legacy wallet to a Native SegWit address, known for enhanced security and reduced fees.
“Yesterday’s $8 billion transfers were possibly linked to address upgrades, shifting from 1-addresses to bc1q-addresses,” Arkham disclosed.
Drake drops Bitcoin reference in new song
Musical artist Drake referenced Bitcoin (BTC) in his recent song “What Did I Miss?” The track was unveiled on Saturday and is already garnering attention from Bitcoin enthusiasts on social media.
Drake previously wagered $1 million in BTC on the result of the 2022 Super Bowl; the championship event of the American contact sport. The particular verse from the song goes:
“I look at this situation like a BTC, could be down this week, then I’m up next week. I don’t care if you love me. I don’t care if you like me. Asking me ‘How did it feel?’ Can’t say it didn’t startle me.”
Pop culture mentions of Bitcoin suggest that the digital asset is gradually transitioning from a niche phenomenon to mainstream recognition.
