Hello there!
Day started from:
The global cryptocurrency market cap today is $3.49 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $96,124.75 (0.9%)
Ethereum ~ $3,569.00 (-0.4%)
Solana ~ $240.14 (1.0%)
Polkadot ~ $8.49 (4.0%)
Flow ~ $0.8772 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $3.49 Trillion, a -0.6% change in the last 24 hours
Bitcoin ~ $96,124.75 (0.9%)
Ethereum ~ $3,569.00 (-0.4%)
Solana ~ $240.14 (1.0%)
Polkadot ~ $8.49 (4.0%)
Flow ~ $0.8772 (-0.1%)
Follow and subscribe - @GulfCryptoInsight
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Cardano founder predicts Bitcoin DeFi will dominate crypto within 3 years
Cardano founder Charles Hoskinson said decentralized finance in the Bitcoin ecosystem will eclipse all other crypto DeFi within two to three years.
He touted the potential for Bitcoin DeFi while making a bold price prediction and highlighting a new model for bridging Bitcoin without using centralized exchanges.
“I started in the Bitcoin space and I…
https://cryptoinsight.ae/cardano-founder-predicts-bitcoin-defi-will-dominate-crypto-within-3-years/
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Cardano founder Charles Hoskinson said decentralized finance in the Bitcoin ecosystem will eclipse all other crypto DeFi within two to three years.
He touted the potential for Bitcoin DeFi while making a bold price prediction and highlighting a new model for bridging Bitcoin without using centralized exchanges.
“I started in the Bitcoin space and I…
https://cryptoinsight.ae/cardano-founder-predicts-bitcoin-defi-will-dominate-crypto-within-3-years/
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Hong Kong proposes tax breaks to attract crypto hedge funds, investors
Hong Kong has proposed exempting cryptocurrency gains from taxes for hedge funds, private equity and family investment vehicles to strengthen its position as a leading crypto financial hub.
The proposal, currently open for a six-week consultation, also includes exemptions for investments in private credit, overseas property and carbon credits, according to a report by the…
https://cryptoinsight.ae/hong-kong-proposes-tax-breaks-to-attract-crypto-hedge-funds-investors/
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Hong Kong has proposed exempting cryptocurrency gains from taxes for hedge funds, private equity and family investment vehicles to strengthen its position as a leading crypto financial hub.
The proposal, currently open for a six-week consultation, also includes exemptions for investments in private credit, overseas property and carbon credits, according to a report by the…
https://cryptoinsight.ae/hong-kong-proposes-tax-breaks-to-attract-crypto-hedge-funds-investors/
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Ethereum L2s surpass record $51B TVL after 205% yearly growth
The Ethereum ecosystem is seeing increasing value growth, showing more investor interest in Ethereum-native assets.
Ethereum layer-2 (L2) networks have reached a new all-time high of more than $51.5 billion in cumulative total value locked (TVL).
This marks an over 205% increase in cumulative TVL, from just $16.6 billion in November 2023, L2beat data shows.…
https://cryptoinsight.ae/ethereum-l2s-surpass-record-51b-tvl-after-205-yearly-growth/
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The Ethereum ecosystem is seeing increasing value growth, showing more investor interest in Ethereum-native assets.
Ethereum layer-2 (L2) networks have reached a new all-time high of more than $51.5 billion in cumulative total value locked (TVL).
This marks an over 205% increase in cumulative TVL, from just $16.6 billion in November 2023, L2beat data shows.…
https://cryptoinsight.ae/ethereum-l2s-surpass-record-51b-tvl-after-205-yearly-growth/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.57 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $97,033.39 (1.0%)
Ethereum ~ $3,717.87 (4.2%)
Solana ~ $244.20 (1.7%)
Polkadot ~ $8.76 (3.1%)
Flow ~ $0.9611 (9.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.57 Trillion, a 0.8% change in the last 24 hours
Bitcoin ~ $97,033.39 (1.0%)
Ethereum ~ $3,717.87 (4.2%)
Solana ~ $244.20 (1.7%)
Polkadot ~ $8.76 (3.1%)
Flow ~ $0.9611 (9.6%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Elixir taps Curve to bring BlackRock’s BUIDL to DeFi
Decentralized exchange Curve has joined with blockchain network Elixir to expand access to decentralized finance (DeFi) for BlackRock’s tokenized money market fund, Curve said on Nov. 29.
Token holders will soon be able to mint Elixer’s yield-bearing stablecoin, deUSD, against BlackRock USD Institutional Digital Liquidity Fund (BUIDL), Curve said.
They can then swap deUSD for…
https://cryptoinsight.ae/elixir-taps-curve-to-bring-blackrocks-buidl-to-defi/
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Decentralized exchange Curve has joined with blockchain network Elixir to expand access to decentralized finance (DeFi) for BlackRock’s tokenized money market fund, Curve said on Nov. 29.
Token holders will soon be able to mint Elixer’s yield-bearing stablecoin, deUSD, against BlackRock USD Institutional Digital Liquidity Fund (BUIDL), Curve said.
They can then swap deUSD for…
https://cryptoinsight.ae/elixir-taps-curve-to-bring-blackrocks-buidl-to-defi/
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Ethena, Securitize join race for Spark’s $1B liquidity with USDtb
Synthetic dollar protocol Ethena Labs and tokenization platform Securitize have submitted a joint proposal to feature Ethena’s USDtb stablecoin in Spark’s $1 billion Tokenization Grand Prix. The competition seeks to onboard real-world assets (RWAs) to decentralized finance by offering liquidity to selected participants.
As part of the proposal, Ethena has included the introduction of a…
https://cryptoinsight.ae/ethena-securitize-join-race-for-sparks-1b-liquidity-with-usdtb/
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Synthetic dollar protocol Ethena Labs and tokenization platform Securitize have submitted a joint proposal to feature Ethena’s USDtb stablecoin in Spark’s $1 billion Tokenization Grand Prix. The competition seeks to onboard real-world assets (RWAs) to decentralized finance by offering liquidity to selected participants.
As part of the proposal, Ethena has included the introduction of a…
https://cryptoinsight.ae/ethena-securitize-join-race-for-sparks-1b-liquidity-with-usdtb/
Website | Twitter | LinkedIn | Telegram
Taiwan enforces AML registration mandate for crypto providers
Taiwan advanced the introduction of its new Anti-Money Laundering (AML) regulations for cryptocurrency businesses after authorities fined two crypto exchanges for violations.
On Nov. 27, the Financial Supervisory Commission (FSC) announced that the upcoming money laundering prevention registration mandate for crypto exchanges was shifted to Nov. 30 from the previous Jan. 1, 2025 deadline.
Per…
https://cryptoinsight.ae/taiwan-enforces-aml-registration-mandate-for-crypto-providers/
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Taiwan advanced the introduction of its new Anti-Money Laundering (AML) regulations for cryptocurrency businesses after authorities fined two crypto exchanges for violations.
On Nov. 27, the Financial Supervisory Commission (FSC) announced that the upcoming money laundering prevention registration mandate for crypto exchanges was shifted to Nov. 30 from the previous Jan. 1, 2025 deadline.
Per…
https://cryptoinsight.ae/taiwan-enforces-aml-registration-mandate-for-crypto-providers/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $3.56 Trillion, a -1.3% change in the last 24 hours
Bitcoin ~ $96,526.39 (-0.7%)
Ethereum ~ $3,696.16 (-0.4%)
Solana ~ $236.30 (-3.4%)
Polkadot ~ $8.80 (0.2%)
Flow ~ $0.9538 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.56 Trillion, a -1.3% change in the last 24 hours
Bitcoin ~ $96,526.39 (-0.7%)
Ethereum ~ $3,696.16 (-0.4%)
Solana ~ $236.30 (-3.4%)
Polkadot ~ $8.80 (0.2%)
Flow ~ $0.9538 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ether has 3-year cup-and-handle ‘in the making,’ analyst eyes $7.2K
Ether is forming a convincing pattern on the price chart, signaling a potential surge of up to 97% within the next four months, according to a crypto analyst.
“ETH has a 3-year cup and handle in the making; it is about to be completed now if Ethereum confirms $3.8k as support,” pseudonymous crypto analyst venturefounder…
https://cryptoinsight.ae/ether-has-3-year-cup-and-handle-in-the-making-analyst-eyes-7-2k/
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Ether is forming a convincing pattern on the price chart, signaling a potential surge of up to 97% within the next four months, according to a crypto analyst.
“ETH has a 3-year cup and handle in the making; it is about to be completed now if Ethereum confirms $3.8k as support,” pseudonymous crypto analyst venturefounder…
https://cryptoinsight.ae/ether-has-3-year-cup-and-handle-in-the-making-analyst-eyes-7-2k/
Website | Twitter | LinkedIn | Telegram
Hyperliquid’s HYPE token surges 60% after billion-dollar airdrop
Decentralized finance (DeFi) protocol Hyperliquid has entered the ranks of the largest airdrops in history with its genesis event on Nov. 29, when it distributed 310 million HYPE tokens to its community.
At the launch, the HYPE token was valued at $3.90, placing the total distribution at $1.2 billion, according to data from CoinGecko. The…
https://cryptoinsight.ae/hyperliquids-hype-token-surges-60-after-billion-dollar-airdrop/
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Decentralized finance (DeFi) protocol Hyperliquid has entered the ranks of the largest airdrops in history with its genesis event on Nov. 29, when it distributed 310 million HYPE tokens to its community.
At the launch, the HYPE token was valued at $3.90, placing the total distribution at $1.2 billion, according to data from CoinGecko. The…
https://cryptoinsight.ae/hyperliquids-hype-token-surges-60-after-billion-dollar-airdrop/
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Grayscale’s crypto portfolio up 85%, driven by triple-digit altcoin gains
Grayscale’s cryptocurrency holdings have significantly increased during November, as altcoins like Stellar and XRP registered triple-digit gains, reinforcing analyst predictions of an incoming altcoin season.
Grayscale Trust Investment’s cryptocurrency holdings have increased by over 85% in market capitalization during the past month, according to Cryptorank data.
The asset management giant’s portfolio increase was primarily driven…
https://cryptoinsight.ae/grayscales-crypto-portfolio-up-85-driven-by-triple-digit-altcoin-gains/
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Grayscale’s cryptocurrency holdings have significantly increased during November, as altcoins like Stellar and XRP registered triple-digit gains, reinforcing analyst predictions of an incoming altcoin season.
Grayscale Trust Investment’s cryptocurrency holdings have increased by over 85% in market capitalization during the past month, according to Cryptorank data.
The asset management giant’s portfolio increase was primarily driven…
https://cryptoinsight.ae/grayscales-crypto-portfolio-up-85-driven-by-triple-digit-altcoin-gains/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.6 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $96,287.08 (-0.2%)
Ethereum ~ $3,674.01 (-0.7%)
Solana ~ $227.07 (-3.9%)
Polkadot ~ $9.02 (2.6%)
Flow ~ $1.02 (6.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.6 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $96,287.08 (-0.2%)
Ethereum ~ $3,674.01 (-0.7%)
Solana ~ $227.07 (-3.9%)
Polkadot ~ $9.02 (2.6%)
Flow ~ $1.02 (6.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Ripple’s XRP token flips Solana’s market capitalization
Ripple’s XRP token flipped Solana’s market capitalization for the first time during the current market cycle on Dec. 1, making XRP the fourth-largest cryptocurrency by market cap.
According to data from CoinMarketCap, XRP currently has a market cap of over $122 billion at the time of this writing, compared to Solana’s $111.9 billion.
Ripple’s native…
https://cryptoinsight.ae/ripples-xrp-token-flips-solanas-market-capitalization/
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Ripple’s XRP token flipped Solana’s market capitalization for the first time during the current market cycle on Dec. 1, making XRP the fourth-largest cryptocurrency by market cap.
According to data from CoinMarketCap, XRP currently has a market cap of over $122 billion at the time of this writing, compared to Solana’s $111.9 billion.
Ripple’s native…
https://cryptoinsight.ae/ripples-xrp-token-flips-solanas-market-capitalization/
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Death of Meta’s stablecoin project was ‘100% a political kill’ — Ex Diem boss
The former head of Meta’s (previously Facebook) blockchain payments solution, Diem, has revealed the project ended after insurmountable political pressure from United States regulators.
“There was no legal or regulatory angle left for the government or regulators to kill the project. It was 100% a political kill, one that was executed through intimidation of captive…
https://cryptoinsight.ae/death-of-metas-stablecoin-project-was-100-a-political-kill-ex-diem-boss/
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The former head of Meta’s (previously Facebook) blockchain payments solution, Diem, has revealed the project ended after insurmountable political pressure from United States regulators.
“There was no legal or regulatory angle left for the government or regulators to kill the project. It was 100% a political kill, one that was executed through intimidation of captive…
https://cryptoinsight.ae/death-of-metas-stablecoin-project-was-100-a-political-kill-ex-diem-boss/
Website | Twitter | LinkedIn | Telegram
NFTs hit $562M in monthly sales volumes, recording six-month high
Non-fungible tokens (NFTs) have maintained their monthly sales momentum, surging by 57.8% in November as digital collectibles continue to recover.
On Dec. 1, data company CryptoSlam showed that NFTs recorded $562 million in sales in November, a substantial increase in volume from October. CryptoSlam data also indicates that November’s monthly sales volume for NFTs is…
https://cryptoinsight.ae/nfts-hit-562m-in-monthly-sales-volumes-recording-six-month-high/
Website | Twitter | LinkedIn | Telegram
Non-fungible tokens (NFTs) have maintained their monthly sales momentum, surging by 57.8% in November as digital collectibles continue to recover.
On Dec. 1, data company CryptoSlam showed that NFTs recorded $562 million in sales in November, a substantial increase in volume from October. CryptoSlam data also indicates that November’s monthly sales volume for NFTs is…
https://cryptoinsight.ae/nfts-hit-562m-in-monthly-sales-volumes-recording-six-month-high/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $3.66 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $96,203.43 (0.1%)
Ethereum ~ $3,662.91 (-0.2%)
Solana ~ $229.40 (1.0%)
Polkadot ~ $10.26 (13.7%)
Flow ~ $1.17 (15.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $3.66 Trillion, a 0.1% change in the last 24 hours
Bitcoin ~ $96,203.43 (0.1%)
Ethereum ~ $3,662.91 (-0.2%)
Solana ~ $229.40 (1.0%)
Polkadot ~ $10.26 (13.7%)
Flow ~ $1.17 (15.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
DWF Labs shifts base to Abu Dhabi to strengthen Middle East presence
Web3 venture capitalist and crypto market maker DWF Labs is moving its headquarters to Abu Dhabi, United Arab Emirates (UAE), founder and CEO Andrei Grachev announced on X. The purpose of the relocation is to increase real-world assets and other financial services in the Middle East, Grachev said. He provided no other details.
Headquarters in…
https://cryptoinsight.ae/dwf-labs-shifts-base-to-abu-dhabi-to-strengthen-middle-east-presence/
Website | Twitter | LinkedIn | Telegram
Web3 venture capitalist and crypto market maker DWF Labs is moving its headquarters to Abu Dhabi, United Arab Emirates (UAE), founder and CEO Andrei Grachev announced on X. The purpose of the relocation is to increase real-world assets and other financial services in the Middle East, Grachev said. He provided no other details.
Headquarters in…
https://cryptoinsight.ae/dwf-labs-shifts-base-to-abu-dhabi-to-strengthen-middle-east-presence/
Website | Twitter | LinkedIn | Telegram
DeFi on the way to having ‘bank-like’ financial products — Mercuryo CEO
The CEO of payments infrastructure platform Mercuryo predicted that decentralized finance (DeFi) protocols and applications will soon offer financial products similar to those of banks.
Mercuryo recently launched a program to support 30 startups developing Web3 consumer use cases within DeFi. Announced on Nov. 21, the program offers funding, consultations with Mercuryo and its network…
https://cryptoinsight.ae/defi-on-the-way-to-having-bank-like-financial-products-mercuryo-ceo/
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The CEO of payments infrastructure platform Mercuryo predicted that decentralized finance (DeFi) protocols and applications will soon offer financial products similar to those of banks.
Mercuryo recently launched a program to support 30 startups developing Web3 consumer use cases within DeFi. Announced on Nov. 21, the program offers funding, consultations with Mercuryo and its network…
https://cryptoinsight.ae/defi-on-the-way-to-having-bank-like-financial-products-mercuryo-ceo/
Website | Twitter | LinkedIn | Telegram
Different this time: ‘Altcoin season’ no longer driven by Bitcoin rotation — Analyst
The cryptocurrency market may be on the verge of the much-awaited altcoin season (altseason), much to the delight of speculative traders, but the determining factors might have changed, according to a market analyst.
“Stablecoin liquidity” to determine next altseason
The crypto market is transforming, with cycle indicators, market structures and trading patterns changing rapidly.
“Altseason…
https://cryptoinsight.ae/different-this-time-altcoin-season-no-longer-driven-by-bitcoin-rotation-analyst/
Website | Twitter | LinkedIn | Telegram
The cryptocurrency market may be on the verge of the much-awaited altcoin season (altseason), much to the delight of speculative traders, but the determining factors might have changed, according to a market analyst.
“Stablecoin liquidity” to determine next altseason
The crypto market is transforming, with cycle indicators, market structures and trading patterns changing rapidly.
“Altseason…
https://cryptoinsight.ae/different-this-time-altcoin-season-no-longer-driven-by-bitcoin-rotation-analyst/
Website | Twitter | LinkedIn | Telegram