Binance Founder CZ Questions Legitimacy of TON’s UAE Golden Visa Offer

The Open Network (TON) has recently announced an offer for a 10-year UAE Golden Visa to stakeholders who lock up at least $100,000 in Toncoin. The proposal includes expedited processing and family coverage but comes with a hefty $35,000 fee, significantly higher than typical agent rates. This move has drawn mixed reactions, with Binance founder Changpeng Zhao (CZ) expressing skepticism about its legitimacy, particularly due to the lack of an official government partnership announcement. The offer raises questions about regulatory compliance and the true nature of the initiative, as the crypto community watches closely for further developments.

TON's UAE Golden Visa Offer Draws Skepticism from CZ Amid Regulatory Questions

The Open Network (TON) has sparked both interest and skepticism with its offer of a 10-year UAE Golden Visa for stakeholders locking up at least $100,000 in Toncoin. Promising expedited processing and family coverage, the proposal stands out for its steep $35,000 fee—far exceeding typical agent rates. Binance founder Changpeng Zhao questioned the legitimacy, noting the absence of official government partnership announcements.

Staking programs in the UAE fall under strict regulatory oversight by bodies like VARA and ADGM, yet no authorities have publicly endorsed TON's initiative. While the project touts additional benefits like 3-4% annual yields, the lack of verifiable proof has cast doubt on its viability. "Trust but verify," CZ remarked, underscoring the crypto industry's cautious approach to high-stakes incentives.

Mutuum Finance (MUTM) Draws Comparisons to Binance Coin (BNB) as Presale Gains Momentum

Mutuum Finance (MUTM) is emerging as a focal point for investors seeking high-growth crypto opportunities, with its presale performance drawing parallels to Binance Coin (BNB)'s early trajectory. Trading at $0.03 in Phase 5 of its presale, MUTM has already attracted $11.7 million from 12,700 holders, with 60% of the phase's allocation sold. The tiered pricing structure guarantees early participants a 2x return at the $0.06 listing price, while analysts project post-listing targets of $0.18-$0.25.

The project's value proposition hinges on protocol utility and sustainable rewards—a formula that propelled BNB from $0.10 to over $600. Strategic positions illustrate the potential: a $12,000 investment at current prices could yield $84,000 if MUTM reaches $0.21 by 2026. This growth narrative mirrors the compounding effect seen in exchange-backed tokens during bull markets.

ED Seizes ₹296 Cr in OctaFX Scam, Links Found to WazirX & Binance

India's Enforcement Directorate has intensified its crackdown on the OctaFX trading scandal, seizing assets worth ₹296 crore, including a luxury yacht and Spanish real estate tied to Russian national Pavel Prozorov. Fresh provisional attachments of ₹131.45 crore follow raids across major Indian cities, uncovering a sophisticated laundering network.

The unlicensed forex and crypto platform allegedly siphoned ₹800 crore from Indian investors through dummy e-commerce fronts and unauthorized payment processor Dinero. Transaction trails reveal deliberate obfuscation through fabricated refunds and vendor payments.

Notably, investigators have traced fund flows to major exchanges Binance and WazirX, though neither platform has been formally implicated in wrongdoing. The case highlights growing regulatory scrutiny of cross-border crypto transactions in India's tightening financial oversight regime.

Ethereum Whale Moves Signal Price Surge Incoming – Will ETH Hit $3,000 Soon?

Ethereum's price action is gaining momentum, with a 4.5% weekly rise and a 2.3% surge in the last 24 hours. Whale activity suggests growing bullish sentiment—a single entity withdrew 6,989 ETH ($17.5M) from Binance over three weeks, including a recent 1,900 ETH ($4.86M) transfer. Such withdrawals tighten exchange liquidity, setting the stage for a potential supply shock.

Exchange reserves tell a similar story: ETH holdings dropped from 19.57M to 18.96M since May 1, with Binance's reserve now at 4.95M ETH. This migration to cold storage or DeFi platforms signals long-term holder conviction. Technicals reinforce the optimism—ETH trades above its 50-day SMA ($2,532) while consolidating between $2,400 and $2,700. A breakout could confirm the next leg up.

PEPE Struggles to Sustain Breakout Amid Persistent Selling Pressure

PEPE, the third-largest meme token by market value, has faltered after briefly surpassing its 100-day moving average. The cryptocurrency touched $0.00001009 early Monday before retreating 1% to $0.00000992, as trading patterns reveal sustained distribution rather than accumulation.

Four distinct high-volume sell-offs have established a descending resistance trendline, compounded by recent whale activity. A notable transfer of 500 billion Pepe ($3.85 million) to Binance underscores the token's volatility. Technical indicators remain neutral with RSI at 44.29, while price action confines PEPE to a sideways channel between June highs and July lows.

Market observers note the token's struggle to recover from May's downturn, though some analysts maintain long-term Optimism for the meme asset class. The coming sessions will prove critical as PEPE tests key support levels that could determine whether the downtrend resumes.

Hashflow (HFT) Gains Momentum with Cross-Chain Expansion and Price Surge

Hashflow, a multi-chain decentralized exchange (DEX), distinguishes itself with a request-for-quote (RFQ) model that eliminates slippage and MEV risks. By matching traders with professional market makers off-chain, it delivers precise pricing and enhanced security. The platform's native token, HFT, facilitates governance, staking, and NFT incentives.

Recent integration with Solana, funded by Binance, marks a strategic expansion into one of DeFi's fastest-growing ecosystems. Bridgeless cross-chain swaps now span Ethereum, Arbitrum, Polygon, and six other networks. The RFQ mechanism outperforms traditional AMMs by guaranteeing quoted prices without front-running.

Tokenomics show disciplined supply control: 75% of team and investor tokens vest over 3–5 years, with annual inflation capped at 4%. Despite 69.7% whale ownership, structured vesting mitigates near-term sell pressure. HFT's price surged 140% weekly, peaking at $0.1515 on July 1, reflecting growing market confidence.