- UAE Denies TON Golden Visa Claim: The United Arab Emirates has refuted claims made by TON regarding a staking program that would offer golden visas to holders for entry into the country.
- CZ Skeptical of TON’s UAE Golden Visa Offer: Changpeng Zhao (CZ) has expressed doubts about TON’s offer of a UAE Golden Visa for stakers, especially with government sources remaining silent.
- VC Funding Remains Resilient: Despite market fluctuations, DeFi, AI, and hybrid exchanges continue to attract venture capital, with Rails, Yupp, Beam, Frachtis, Interface Labs, Gradient Network, Story, Blueprint Finance and Units Network leading the latest VC Roundup.
- Crypto Adoption Driven by High-Growth Markets: Crypto adoption is experiencing rapid growth in developing economies due to its utility in addressing real-world challenges such as remittances, financial inclusion, and supply chain improvements.
- Technical Analysis Points to Potential Upside for Bitcoin and Solana: Bitcoin could reach $230,000 if it completes a ‘cup and handle’ breakout pattern, while Solana could see a 2800% gain based on monthly chart analysis.
- Ethereum Security Upgrade Proposed: Vitalik Buterin has proposed EIP-7983 to cap transaction gas at 16.77 million, aiming to enhance Ethereum’s security, stability, and compatibility with zkVMs.
- Secret Service Seizes $400M in Crypto: The US Secret Service has quietly amassed a substantial crypto cold wallet containing $400 million in seized funds, obtained by exposing scams through blockchain analysis and VPN errors.
- $8.6B Bitcoin Whale Transfer: A massive Bitcoin whale transfer worth $8.6 billion shows no signs of a sell-off, with Arkham suggesting it may be due to a wallet upgrade.
- Fund Manager on Taxing Bitcoin: Fund manager Bill Miller IV argues against taxing Bitcoin, stating that the government doesn’t contribute any work to its creation or maintenance.
Analysis:
- The UAE’s denial of the TON golden visa claim highlights the importance of verifying partnerships and promotions in the crypto space.
- Continued VC investment suggests ongoing confidence in the long-term potential of crypto-related projects, despite market volatility.
- The increasing adoption of crypto in high-growth markets underscores its utility beyond speculative investment, addressing real-world financial needs.