TON fell 6% after UAE regulators dismissed claims that staking Toncoin could help in getting a Golden Visa. The token initially jumped 10% after reports that staking $100,000 worth of Toncoin for three years could qualify investors for a 10-year Golden Visa. But after officials denied the link, TON dropped and is now trading at $2.83. Telegram CEO Pavel Durov also reposted a crypto influencer’s claim, which sparked speculation. But UAE officials later confirmed that golden visas are not given for crypto investments and are handled under separate rules.

Bitcoin has surged close to $110,000 today after it was clarified that Trump’s proposed Tariffs will not take immediate effect. This has given countries until August 1 to reach trade deals, which is three weeks ahead of the original July 9 deadline. Dogecoin led the rally with 6% rise and topped gains among major tokens. Other altcoins like Solana, XRP, and ADA saw 2-3% gains. This comes ahead of key U.S inflation data. Traders expect a softer CPI report, which could boost the chances of an earlier rate cut.

President Trump has announced a new 10% tariff on countries that support BRICS, calling their actions “anti-American.” The BRICS summit began Sunday in Brazil. As the G7 and G20 face internal rifts, BRICS is trying to offer a more united and cooperative alternative amid rising global conflicts. However, he revealed no details on what those policies meant, and also added that there would be “no exceptions to this.” This is the first BRICS summit to include Indonesia, one of several new members alongside Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.

Metaplanet has accumulated another 2,205 Bitcoin, worth $240.8 million. The latest purchase brings their total holdings to 15,555 Bitcoin worth $1.68 billion. In June alone, the company made multiple large Bitcoin purchases, adding thousands of BTC to its balance sheet. Metaplanet is one of the largest corporate holders of Bitcoin and is also ahead of major companies like Tesla, Coinbase, and CleanSpark. Its long-term goal is to acquire 210,000 BTC by 2027, which would represent about 1% of Bitcoin’s total supply.

Elon Musk, in a recent X post, said that his America Party will support Bitcoin. When a user asked if the party would embrace Bitcoin, Musk replied, “Fiat is hopeless, so yes.” He announced the formation of the party on Saturday, aiming to break the Republican-Democrat stronghold. This comes amid a rift with Donald Trump, who recently signed the “Big Beautiful Bill”—a move which Musk has criticized for worsening the national deficit. Donald Trump fired back at Elon Musk on Truth Social, calling him a “TRAIN WRECK” who has “gone off the rails” in recent weeks. He also mocked his plan to launch a third political party.