2025-07-07 Market Watch: TON visa offer raises eyebrows; BTC near highs!

Here is what happened yesterday in the crypto market:

TON Offers UAE Golden Visa for Toncoin Stakers

The Open Network (TON) is offering 10-year UAE Golden Visas to those who stake $100,000 worth of Toncoin (TON). However, CZ has questioned the legitimacy of the offering, as there has been no official announcement from UAE government sources.
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Bitcoin’s Mempool Shows Little On-Chain Activity

Despite Bitcoin trading near its all-time high, the Bitcoin blockchain shows minimal on-chain activity. The ‘mempool,’ which holds unconfirmed transactions, is nearly empty.
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Secret Service Seizes Significant Crypto Assets

The U.S. Secret Service has seized nearly $400 million in digital assets over the past decade, creating one of the world’s largest crypto cold wallets.
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Bitcoin Whale Moves $8.6B, No Sell-Off Expected

A Bitcoin whale moved $8.6 billion worth of BTC, which hadn’t been touched in 14 years. Blockchain intelligence firm Arkham suggests that this movement doesn’t indicate an impending sell-off.
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