Fake Stablecoins Flood Chinese Market, Authorities Issue Warning

According to the local watchdogs, there’s been a *whole bunch* of projects rolling out fake stablecoins. How fake, you ask? Well, they don’t even have reserves to back them up. Shocking, I know. These tokens are like that one friend who promises to buy you lunch and then somehow “forgets” their wallet. They lure unsuspecting investors with promises of high returns and “stability”—but let’s be real, it’s just a house of cards built on nothing. 😬

Bitcoin Goes Full Bridget Jones: Price Nears Record as Suits Pile In 🥂

Yes, BTC put on a 30% glow-up in Q2—think “new haircut before family wedding”—but recently it’s been going nowhere fast, obsession-level stuck between $100,000 and $108,000, like an indecisive suitor at a speed dating event. Still, it hasn’t done anything embarrassing (read: dropped below $100k), and now sits prettily just under its all-time high, pursing its lips and looking expectant across the candlelit table. Cue dramatic economic music. 🎻

UAE Authorities Shut Down Golden Visa Rumors for Crypto Investors

The government of the United Arab Emirates (UAE) has dashed the hopes of cryptocurrency investors, specifically those holding TON tokens, by denying the existence of a golden visa program tailored for them. The clarification comes as a blog post from The Open Network (TON) presented a “10-Year UAE Golden Visa with TON” initiative.