Ton Foundation clarifies misleading announcement regarding UAE golden visa

The TON Foundation clarified there is no formal partnership with the UAE government despite initial claims and the initiative is at an "early exploration" stage.

Jul 08, 2025

Happy Tuesday!

Crypto's landscape is shifting fast, with clarity, regulation, and market growth making headlines today. The TON Foundation has set the record straight, confirming there is no official UAE government partnership for its golden visa initiative, just early-stage exploration for now. In Europe, over 50 crypto firms have secured MiCA licenses, gaining regulatory approval across 30 countries, while major players like Tether and Binance remain on the sidelines. Meanwhile, Solana's tokenized stock market is booming, more than tripling in value in just two weeks as 61 assets go live through Backed Finance. Here's what's driving the digital asset world today.

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The global crypto market cap is $3.34 trillion, with a 24-hour volume of $100.41 billion. The price of Bitcoin is $108,359.82, and BTC market dominance is 64.4%. The price of Ethereum is $2,564.06, and ETH market dominance is 9.2%. The best-performing sector is Transportation, which gained 16%. The Crypto Fear & Greed Index is currently Greed (65).