{"id":13772,"date":"2025-07-06T18:16:27","date_gmt":"2025-07-06T16:16:27","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=13772"},"modified":"2025-07-06T18:16:27","modified_gmt":"2025-07-06T16:16:27","slug":"a-day-in-crypto-unraveling-todays-market-moves","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/07\/06\/a-day-in-crypto-unraveling-todays-market-moves\/","title":{"rendered":"A Day in Crypto: Unraveling Today’s Market Moves"},"content":{"rendered":"

“`html
\n<\/p>\n

\n

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.<\/p>\n

TON provides 10-year UAE golden visa for $100K in staked Toncoin<\/h2>\n

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.<\/p>\n

\u201cObtain your Golden Visa in less than 7 weeks from document submission to the Visa Office,\u201d TON declared<\/a> on Saturday, clarifying that its partners based in the UAE will oversee the visa application and residency status verification.<\/p>\n

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.<\/p>\n

The Golden Visa encompasses immediate family members, including spouses, children, and parents, at no extra cost beyond typical government fees.<\/p>\n

Source: TON<\/em><\/figcaption><\/figure>\n

$8.6B Bitcoin whale transfer indicates no signs of sell-off: Arkham<\/h2>\n

Arkham, a blockchain intelligence company, states that the recent transfer of $8.6 billion in Bitcoin<\/a> that occurred on Thursday after more than 14 years does not seem to be destined for liquidation.<\/p>\n

\u201cThere are no signs that this whale is liquidating their Bitcoin,\u201d Arkham stated<\/a> in an X post on Friday.<\/p>\n

The Arkham firm also indicated that the eight transfers \u2014 each moving 10,000 Bitcoin from eight wallets that had remained untouched for over 14 years \u2014 may be a result of the owner upgrading from the original legacy wallet to a Native SegWit<\/a> address, which is believed to offer improved security and lower transaction fees.<\/p>\n

\u201cThe $8 billion transfers from yesterday may have been associated with address upgrades, transitioning from legacy addresses to bc1q-addresses,\u201d Arkham noted.<\/p>\n

Drake includes Bitcoin reference in new track<\/h2>\n

Musical artist Drake alluded to Bitcoin (BTC<\/a>) 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.<\/p>\n

Previously, Drake bet $1 million in BTC<\/a> on the result of the 2022 Super Bowl; the championship match of the American contact sport. The specific lines from the track<\/a> go:<\/p>\n

“I view this situation like a BTC, it might dip this week, then I\u2019m up the following week. I don\u2019t care if you adore me. I don\u2019t care if you favor me. Asking me ‘How was it?’ Can\u2019t say it didn\u2019t take me by surprise.”<\/p><\/blockquote>\n

Cultural references to Bitcoin suggest that the digital currency is gradually transitioning from a niche interest to mainstream awareness.<\/p>\n

\"Cryptocurrencies,
Despite increasing acceptance, Bitcoin remains significantly below its total addressable market. Source: <\/em>River<\/em><\/a><\/figcaption><\/figure>\n