Weekly Roundup: Major Crypto Developments and Strategic Moves

By: Isha Das

• TON Offers UAE Golden Visa for Toncoin Stakers: The Open Network (TON) has introduced a program granting long-term UAE residency for Toncoin stakers.
• BNB Chain's Maxwell Upgrade Boosts DEX Volumes: The Maxwell upgrade significantly improves BNB Chain’s performance, reducing block times and enhancing transaction speeds.
• Bitcoin Price Stagnates Amid Holder Activity: Bitcoin faces stagnation above $100,000 as long-term holders and institutional maneuvers influence market dynamics.
• Metaplanet's Bitcoin Holdings Surpass Cleanspark: Metaplanet acquires 1,005 BTC to become one of the top corporate holders of Bitcoin.
• Nobitex Restores Services After Cybersecurity Breach: Nobitex resumes operations after a $90 million hack attributed to a pro-Israel hacker group.
• Ethereum Poised for Breakout: Ethereum shows resilience with potential for significant upward movement amidst market volatility.