Crypto & Blockchain Daily Brief Monday, July 7, 2025

A new partnership between TON Labs and the UAE government aims to provide a golden visa opportunity for cryptocurrency investors. TON Labs, the team behind the Telegram Open Network (TON) blockchain, has signed a memorandum of understanding with the UAE government to establish a blockchain-based infrastructure for the country's golden visa program. This program offers long-term residency to individuals who invest in the country's economy. The partnership will leverage TON Labs' expertise in blockchain technology to create a secure and transparent platform for processing golden visa applications. By utilizing blockchain technology, the UAE aims to streamline the visa application process, reduce paperwork, and enhance security. This initiative is part of the UAE government's broader efforts to position the country as a global hub for blockchain innovation. Cryptocurrency investors who meet the investment criteria set by the UAE government will be eligible to apply for the golden visa through the blockchain platform developed by TON Labs. This initiative is expected to attract more cryptocurrency investors to the UAE and contribute to the country's economic growth. Overall, the partnership between TON Labs and the UAE government represents a significant step towards integrating blockchain technology into government services and fostering the growth of the cryptocurrency industry in the country. By offering a golden visa opportunity to cryptocurrency investors, the UAE is positioning itself as a forward-thinking and blockchain-friendly destination for international investors.

The article discusses the price prediction for XRP on July 6th. It starts by noting that XRP has been trading in a range between $0.58 and $0.63 for the past few days, with a slight increase in value to $0.63. The author highlights the importance of the $0.65 level, as breaking above it could result in a significant price surge. Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are used to analyze the potential price movements of XRP. The RSI is shown to be close to the overbought territory, indicating a possible correction in the short term. On the other hand, the MACD is bullish, suggesting a positive trend for XRP. The article mentions that if XRP manages to break above the $0.65 resistance level, it could reach the next level at $0.70. However, in case of a downward movement, XRP might find support at $0.60 and $0.58. In conclusion, the author predicts that XRP is likely to continue trading within the $0.58 to $0.63 range in the short term. Breaking above the $0.65 level could lead to a bullish trend with a potential target of $0.70. On the other hand, failing to break above $0.65 might result in a correction towards the $0.60 support level. Traders are advised to closely monitor these key levels and indicators to make informed decisions regarding their XRP investments.