Hello there!
Day started from:
The global cryptocurrency market cap today is $2.41 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $61,510.18 (1.2%)
Ethereum ~ $3,444.51 (2.4%)
Solana ~ $144.14 (6.0%)
Polkadot ~ $6.24 (8.9%)
Flow ~ $0.3% (3.8%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.41 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $61,510.18 (1.2%)
Ethereum ~ $3,444.51 (2.4%)
Solana ~ $144.14 (6.0%)
Polkadot ~ $6.24 (8.9%)
Flow ~ $0.3% (3.8%)
Follow and subscribe - @GulfCryptoInsight
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UAE regulations may lead to crypto payment ban, warns lawyer
Crypto and blockchain lawyer Irina Heaver believes newly-released regulations in the United Arab Emirates (UAE) may prohibit crypto payments in the country.
On June 5, the board of directors of the Central Bank of the United Arab Emirates (CBUAE) discussed projects under the country’s financial infrastructure (FIT) program, an initiative to boost digital transformation.
In…
https://cryptoinsight.ae/uae-regulations-may-lead-to-crypto-payment-ban-warns-lawyer/
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Crypto and blockchain lawyer Irina Heaver believes newly-released regulations in the United Arab Emirates (UAE) may prohibit crypto payments in the country.
On June 5, the board of directors of the Central Bank of the United Arab Emirates (CBUAE) discussed projects under the country’s financial infrastructure (FIT) program, an initiative to boost digital transformation.
In…
https://cryptoinsight.ae/uae-regulations-may-lead-to-crypto-payment-ban-warns-lawyer/
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Binance enforces stricter measures against account misuse
Binance, the world’s largest cryptocurrency exchange, has introduced new security measures to prevent the misuse of account features and enhance the platform’s integrity.
The decision follows the discovery of account misuse, which has given certain users unfair advantages. The new measures aim to create a healthy and sustainable market environment that prioritizes the interests of…
https://cryptoinsight.ae/binance-enforces-stricter-measures-against-account-misuse/
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Binance, the world’s largest cryptocurrency exchange, has introduced new security measures to prevent the misuse of account features and enhance the platform’s integrity.
The decision follows the discovery of account misuse, which has given certain users unfair advantages. The new measures aim to create a healthy and sustainable market environment that prioritizes the interests of…
https://cryptoinsight.ae/binance-enforces-stricter-measures-against-account-misuse/
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Bitcoin ‘wholecoiners’ hold above 1 million mark for 13 months
The number of Bitcoin “whole-coiners” — a name given to addresses holding one or more Bitcoin — has remained above 1 million for the last 13 months.
The one million “wholecoiner” milestone was first reached on May 13, 2023, when Bitcoin was trading at just $27,000, according to data from Glassnode.
This number of wholecoiner…
https://cryptoinsight.ae/bitcoin-wholecoiners-hold-above-1-million-mark-for-13-months/
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The number of Bitcoin “whole-coiners” — a name given to addresses holding one or more Bitcoin — has remained above 1 million for the last 13 months.
The one million “wholecoiner” milestone was first reached on May 13, 2023, when Bitcoin was trading at just $27,000, according to data from Glassnode.
This number of wholecoiner…
https://cryptoinsight.ae/bitcoin-wholecoiners-hold-above-1-million-mark-for-13-months/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.37 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $60,692.04 (-1.3%)
Ethereum ~ $3,380.03 (-2.0%)
Solana ~ $140.65 (-2.6%)
Polkadot ~ $6.20 (-0.9%)
Flow ~ $0.6174 (-1.11%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.37 Trillion, a 1.3% change in the last 24 hours
Bitcoin ~ $60,692.04 (-1.3%)
Ethereum ~ $3,380.03 (-2.0%)
Solana ~ $140.65 (-2.6%)
Polkadot ~ $6.20 (-0.9%)
Flow ~ $0.6174 (-1.11%)
Follow and subscribe - @GulfCryptoInsight
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Court allows most SEC claims to proceed in Binance suit
Cryptocurrency exchange Binance has failed to convince a United States court to dismiss most claims made against it by the country’s securities regulator.
Claims related to Binance’s staking program, the sale of BNB after its initial coin offering and anti-fraud violations will proceed, Judge Amy Berman Jackson stated in a June 28 court filing.
The…
https://cryptoinsight.ae/court-allows-most-sec-claims-to-proceed-in-binance-suit/
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Cryptocurrency exchange Binance has failed to convince a United States court to dismiss most claims made against it by the country’s securities regulator.
Claims related to Binance’s staking program, the sale of BNB after its initial coin offering and anti-fraud violations will proceed, Judge Amy Berman Jackson stated in a June 28 court filing.
The…
https://cryptoinsight.ae/court-allows-most-sec-claims-to-proceed-in-binance-suit/
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Bitcoin activity drops to lowest level since 2010
The ratio of active Bitcoin addresses has plummeted to its lowest level since November 2010, according to onchain data from IntoTheBlock.
In June, the weekly active wallet ratio dropped to a low of 1.22% while peaking at 1.32%. The month’s highest ratio was last seen in November 2010.
Additionally, the total number of active wallets…
https://cryptoinsight.ae/bitcoin-activity-drops-to-lowest-level-since-2010/
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The ratio of active Bitcoin addresses has plummeted to its lowest level since November 2010, according to onchain data from IntoTheBlock.
In June, the weekly active wallet ratio dropped to a low of 1.22% while peaking at 1.32%. The month’s highest ratio was last seen in November 2010.
Additionally, the total number of active wallets…
https://cryptoinsight.ae/bitcoin-activity-drops-to-lowest-level-since-2010/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.36 Trillion, a -0.3% change in the last 24 hours
Bitcoin ~ $60,740.05 (0.1%)
Ethereum ~ $3,361.32 (-0.6%)
Solana ~ $137.81 (-2.1%)
Polkadot ~ $6.08 (-1.9%)
Flow ~ $0.6028 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.36 Trillion, a -0.3% change in the last 24 hours
Bitcoin ~ $60,740.05 (0.1%)
Ethereum ~ $3,361.32 (-0.6%)
Solana ~ $137.81 (-2.1%)
Polkadot ~ $6.08 (-1.9%)
Flow ~ $0.6028 (-2.4%)
Follow and subscribe - @GulfCryptoInsight
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Spot Ethereum ETF launch delayed by SEC comments
The launch of United States-based spot Ether exchange-traded funds (ETFs), which many expected to occur as early as July 2, has been delayed by the U.S. Securities and Exchange Commission (SEC).
According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC has taken additional time to return the S-1 forms submitted by prospective…
https://cryptoinsight.ae/spot-ethereum-etf-launch-delayed-by-sec-comments/
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The launch of United States-based spot Ether exchange-traded funds (ETFs), which many expected to occur as early as July 2, has been delayed by the U.S. Securities and Exchange Commission (SEC).
According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, the SEC has taken additional time to return the S-1 forms submitted by prospective…
https://cryptoinsight.ae/spot-ethereum-etf-launch-delayed-by-sec-comments/
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Vitalik Buterin says crypto regulations have created ‘anarcho-tyranny’
Ethereum’s outspoken co-founder, Vitalik Buterin, recently expressed his frustration over the current state of cryptocurrency regulation and offered up a surefire solution to the problem.
Responding to a user on Warpcast, a social media platform built on the Farcaster protocol, Buterin described a situation where current regulatory efforts have essentially painted good-faith cryptocurrency developers into…
https://cryptoinsight.ae/vitalik-buterin-says-crypto-regulations-have-created-anarcho-tyranny/
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Ethereum’s outspoken co-founder, Vitalik Buterin, recently expressed his frustration over the current state of cryptocurrency regulation and offered up a surefire solution to the problem.
Responding to a user on Warpcast, a social media platform built on the Farcaster protocol, Buterin described a situation where current regulatory efforts have essentially painted good-faith cryptocurrency developers into…
https://cryptoinsight.ae/vitalik-buterin-says-crypto-regulations-have-created-anarcho-tyranny/
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Meme coins have an important role to play in crypto
Meme coins are often seen as jokes, destined to just fade away. But what if they are crucial to crypto? Traditional finance laughs, but meme coin investors might be pioneering new financial strategies. Success stories abound — $1,000 in Dogecoin (DOGE) turning into $2 million, Shiba Inu transforming tiny investments into life-changing sums. Are these…
https://cryptoinsight.ae/meme-coins-have-an-important-role-to-play-in-crypto/
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Meme coins are often seen as jokes, destined to just fade away. But what if they are crucial to crypto? Traditional finance laughs, but meme coin investors might be pioneering new financial strategies. Success stories abound — $1,000 in Dogecoin (DOGE) turning into $2 million, Shiba Inu transforming tiny investments into life-changing sums. Are these…
https://cryptoinsight.ae/meme-coins-have-an-important-role-to-play-in-crypto/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.46 Trillion, a 4.0% change in the last 24 hours
Bitcoin ~ $63,279.73 (4.2%)
Ethereum ~ $3,483.66 (3.6%)
Solana ~ $147.22 (6.8%)
Polkadot ~ $6.30 (3.6%)
Flow ~ $0.6287 (4.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.46 Trillion, a 4.0% change in the last 24 hours
Bitcoin ~ $63,279.73 (4.2%)
Ethereum ~ $3,483.66 (3.6%)
Solana ~ $147.22 (6.8%)
Polkadot ~ $6.30 (3.6%)
Flow ~ $0.6287 (4.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2
A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of non-fungible tokens (NFTs) in Q2, according Apollo Crypto’s investment chief.
Data from CryptoSlam shows NFT sales fell from $4.14 billion in Q1 to $2.32 billion in Q2 as part…
https://cryptoinsight.ae/nft-sales-fell-44-as-crypto-dipped-memecoins-steal-mind-share-in-q2/
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A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of non-fungible tokens (NFTs) in Q2, according Apollo Crypto’s investment chief.
Data from CryptoSlam shows NFT sales fell from $4.14 billion in Q1 to $2.32 billion in Q2 as part…
https://cryptoinsight.ae/nft-sales-fell-44-as-crypto-dipped-memecoins-steal-mind-share-in-q2/
Website | Twitter | LinkedIn | Telegram
Roaring Kitty faces securities fraud claims in ‘doomed’ GME lawsuit
Keith Gill, a stock trader known for the 2021 GameStop short-squeeze, is facing securities fraud claims in a class-action lawsuit over a recent spate of social media posts that saw the price of GameStop (GME) stocks whipsaw violently between May and June.
However a former federal prosecutor believes the lawsuit is likely “doomed” to fail.…
https://cryptoinsight.ae/roaring-kitty-faces-securities-fraud-claims-in-doomed-gme-lawsuit/
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Keith Gill, a stock trader known for the 2021 GameStop short-squeeze, is facing securities fraud claims in a class-action lawsuit over a recent spate of social media posts that saw the price of GameStop (GME) stocks whipsaw violently between May and June.
However a former federal prosecutor believes the lawsuit is likely “doomed” to fail.…
https://cryptoinsight.ae/roaring-kitty-faces-securities-fraud-claims-in-doomed-gme-lawsuit/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.44 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $62,851.36 (-0.6%)
Ethereum ~ $3,451.09 (-0.8%)
Solana ~ $148.48 (1.0%)
Polkadot ~ $6.48 (3.0%)
Flow ~ $0.6222 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.44 Trillion, a -0.8% change in the last 24 hours
Bitcoin ~ $62,851.36 (-0.6%)
Ethereum ~ $3,451.09 (-0.8%)
Solana ~ $148.48 (1.0%)
Polkadot ~ $6.48 (3.0%)
Flow ~ $0.6222 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Aptos seeks Aave community support for non-EVM integration
The Aptos Foundation has introduced a governance proposal that could broaden its blockchain capabilities.
According to a July 1 temperature check proposal, the foundation wants the Aave community’s input on introducing Aave Protocol v3 onto the Aptos mainnet. If the proposal moves forward and is approved, the deployment would mark the first time Aave’s open-source…
https://cryptoinsight.ae/aptos-seeks-aave-community-support-for-non-evm-integration/
Website | Twitter | LinkedIn | Telegram
The Aptos Foundation has introduced a governance proposal that could broaden its blockchain capabilities.
According to a July 1 temperature check proposal, the foundation wants the Aave community’s input on introducing Aave Protocol v3 onto the Aptos mainnet. If the proposal moves forward and is approved, the deployment would mark the first time Aave’s open-source…
https://cryptoinsight.ae/aptos-seeks-aave-community-support-for-non-evm-integration/
Website | Twitter | LinkedIn | Telegram
Vitalik Buterin proposes faster Ethereum trades with single-slot finality
Ethereum co-founder Vitalik Buterin is looking to speed up transactions on the Ethereum network by using tools that would potentially cut layer-1 (L1) confirmations from a few seconds to milliseconds.
Buterin published a blog post on June 30 titled “Epochs and slots all the way down: ways to give Ethereum users faster transaction confirmation times.”…
https://cryptoinsight.ae/vitalik-buterin-proposes-faster-ethereum-trades-with-single-slot-finality/
Website | Twitter | LinkedIn | Telegram
Ethereum co-founder Vitalik Buterin is looking to speed up transactions on the Ethereum network by using tools that would potentially cut layer-1 (L1) confirmations from a few seconds to milliseconds.
Buterin published a blog post on June 30 titled “Epochs and slots all the way down: ways to give Ethereum users faster transaction confirmation times.”…
https://cryptoinsight.ae/vitalik-buterin-proposes-faster-ethereum-trades-with-single-slot-finality/
Website | Twitter | LinkedIn | Telegram
Crypto ‘relief rally’ may be just beginning with sellers exhausted
The crypto markets could be set for a “relief rally” after a market rollercoaster in June, with some analysts suggesting selling pressure on exchanges has tapered off.
“Looking at July’s outlook, there is major reason to be optimistic after so much small trader capitulation,” crypto intelligence platform Santiment posted to X on July 2.
It…
https://cryptoinsight.ae/crypto-relief-rally-may-be-just-beginning-with-sellers-exhausted/
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The crypto markets could be set for a “relief rally” after a market rollercoaster in June, with some analysts suggesting selling pressure on exchanges has tapered off.
“Looking at July’s outlook, there is major reason to be optimistic after so much small trader capitulation,” crypto intelligence platform Santiment posted to X on July 2.
It…
https://cryptoinsight.ae/crypto-relief-rally-may-be-just-beginning-with-sellers-exhausted/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.37 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $60,882.80 (-3.2%)
Ethereum ~ $3,357.30 (-2.8%)
Solana ~ $148.24 (-0.4%)
Polkadot ~ $6.33 (-2.3%)
Flow ~ $0.6102 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.37 Trillion, a -2.7% change in the last 24 hours
Bitcoin ~ $60,882.80 (-3.2%)
Ethereum ~ $3,357.30 (-2.8%)
Solana ~ $148.24 (-0.4%)
Polkadot ~ $6.33 (-2.3%)
Flow ~ $0.6102 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ethereum ETFs in ‘window dressing’ stage, approval in weeks — Galaxy
Galaxy Digital’s head of asset management believes spot Ether exchange-traded funds will be approved in “weeks” rather than days but agrees the decision will come sometime in July.
“Look, we’ve done this before. This is methodical, this is window dressing, the SEC is engaged,” said Steve Kurz in an interview with Bloomberg TV on July…
https://cryptoinsight.ae/ethereum-etfs-in-window-dressing-stage-approval-in-weeks-galaxy/
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Galaxy Digital’s head of asset management believes spot Ether exchange-traded funds will be approved in “weeks” rather than days but agrees the decision will come sometime in July.
“Look, we’ve done this before. This is methodical, this is window dressing, the SEC is engaged,” said Steve Kurz in an interview with Bloomberg TV on July…
https://cryptoinsight.ae/ethereum-etfs-in-window-dressing-stage-approval-in-weeks-galaxy/
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