By mrtwinsvlog@gmail.com 
Today, in crypto, UAE authorities have denied reports that Toncoin holders can gain a golden visa by staking $100,000 worth of TON. Meanwhile, Arkham said the recent $8.6 billion Bitcoin whale transfer doesn’t look like it is being sold off, and musical artist Drake mentioned BTC in a new song.
TON coin dips 6% after UAE authorities deny golden visa claim
The native cryptocurrency of The Open Network has retraced 6% from its 24-hour high after United Arab Emirates regulators refuted claims that staking Toncoin (TON) could create a pathway to UAE residency.
Toncoin initially shot up 10% to $3.03 on Sunday after The Open Network claimed that applicants staking $100,000 worth of Toncoin for three years make applicants eligible for the UAE’s golden visa program.
However, the Emirates News Agency later reported on Monday that the Federal Authority for Identity, Citizenship, Customs and Port Security, the Securities and Commodities Authority, and the Virtual Assets Regulatory Authority have said golden visas are not issued to digital asset holders.
They also clarified that digital currency investments are governed by specific regulations and are unrelated to golden visa eligibility.
“The authority further confirmed that digital currency investments are governed by specific regulations and are unrelated to golden visa eligibility. It urged investors to obtain information from credible, official sources to avoid misinformation or fraud,” the Emirates News Agency reported.
$8.6B Bitcoin whale transfer shows no signs of sell-off: Arkham
Blockchain intelligence firm Arkham says the recent $8.6 billion in Bitcoin that was moved on Thursday for the first time in over 14 years doesn’t appear to be heading for a sell-off.
“There are no indications that this whale is selling Bitcoin,” Arkham said in an X post on Friday.
Arkham firm added that the eight transfers — which moved 10,000 Bitcoin at a time from eight wallets that were untouched for over 14 years — may be possibly due to the owner upgrading from the original legacy wallet to a Native SegWit address, which are said to have improved security and lower fees.
“Yesterday’s $8 billion transfers were possibly related to address upgrades, moving from 1-addresses to bc1q-addresses,” Arkham said.
Drake drops Bitcoin reference in new song
Musical artist Drake mentioned Bitcoin (BTC) in his latest song “What Did I Miss?” The song was released on Saturday and is already drawing attention from Bitcoiners on social media.
Drake previously bet $1 million in BTC on the outcome of the 2022 Super Bowl; the championship game of the American contact sport. The specific verse from the song goes:
“I look at this shit like a BTC, could be down this week, then I’m up next week. I don’t give a fuck if you love me. I don’t give a fuck if you like me. Askin’ me ‘How did it feel?’ Can’t say it didn’t surprise me.”
Pop culture references to Bitcoin indicate that the digital asset is gradually shifting from a niche phenomenon into the mainstream.
