Gulf Crypto Insight
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The first and only blockchain and cryptocurrency focused news portal in the Middle East.
https://cryptoinsight.ae/

The Content is for informational purposes only, you should not consider any such information or other material as financial or other advice
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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.83 Trillion, a 0.2% change in the last 24 hours

Bitcoin ~ $99,386.29 (1.3%)
Ethereum ~ $3,993.74 (2.1%)
Solana ~ $235.66 (2.9%)
Polkadot ~ $10.64 (-1.4%)
Flow ~ $1.15 (-0.5%)

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Ether poised to outperform Bitcoin: Bybit

Ether outshined Bitcoin in the cryptocurrency spot and derivative markets after the United States Nov. 5 presidential election and keeps gaining momentum, according to a Dec. 2 report by crypto exchange Bybit.

In November, Ether “gained significant traction against BTC, as reflected by the sharp drops in the ratio between their spot prices,” Bybit said…

https://cryptoinsight.ae/ether-poised-to-outperform-bitcoin-bybit/

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EigenLayer to upgrade restaking rewards

EigenLayer, Ethereum’s largest restaking protocol, is upgrading its rewards program to grant more flexibility to protocols and restakers, according to a Dec. 6 blog post.

The changes let third-party protocols using EigenLayer — dubbed actively validated services (AVSs) — distribute rewards to validators based on performance. They also let validators, or “operators,” set fee rates…

https://cryptoinsight.ae/eigenlayer-to-upgrade-restaking-rewards/

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How Bitcoin shapes the future economy

Opinion by: Bader Kalooti, regional growth and operations lead (MENASAT) at Binance.

We live in an extraordinary era of Web3 and blockchain technology. Despite being a relatively young industry, today’s mass adoption and enthusiasm surrounding digital assets is unprecedented. More people are getting involved and more people are talking about it. Hesitation is quickly fading.…

https://cryptoinsight.ae/how-bitcoin-shapes-the-future-economy/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.83 Trillion, a -1.3% change in the last 24 hours

Bitcoin ~ $99,677.10 (0.3%)
Ethereum ~ $3,975.60 (-0.4%)
Solana ~ $237.78 (0.9%)
Polkadot ~ $10.42 (-1.7%)
Flow ~ $1.13 (-2.0%)

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Layer-2 networks need decentralized sequencers — Metis co-founder

As the Ethereum layer-2 (L2) ecosystem continues to expand and encompasses most of the daily economic activity on the Ethereum blockchain, the problem of centralization persists.

Elena Sinelnikova, co-founder of the Metis L2, recently told Cointelegraph that layer-2 scaling solutions should adopt decentralized sequencers to maximize anti-fragility and censorship resistance.

According to Sinelnikova, most layer-2…

https://cryptoinsight.ae/layer-2-networks-need-decentralized-sequencers-metis-co-founder/

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Bitcoin can separate money and state — David Sacks

David Sacks was recently appointed by President-elect Trump as his top AI and cryptocurrency advisor. The new “Crypto Czar” is not only pro-crypto, and a seasoned technologist, but has also hailed Bitcoin as a potential way to separate money and state.

Speaking to Anthony Pompliano, the former PayPal executive and tech founder praised Bitcoin for…

https://cryptoinsight.ae/bitcoin-can-separate-money-and-state-david-sacks/

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Ether to $5K on fractals, BlackRock ETH ETF holdings 2x with $500M buy

Ether could see a rally to over $5,000 based on technical chart patterns, as analysts predict that Ether’s bullish momentum may extend another year until the end of 2025.

Ether price could surge above the $5,000 all-time high, driven by its correlation with Bitcoin price, which surpassed $100,000 for the first time in history on…

https://cryptoinsight.ae/ether-to-5k-on-fractals-blackrock-eth-etf-holdings-2x-with-500m-buy/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.8 Trillion, a -2.1% change in the last 24 hours

Bitcoin ~ $99,259.79 (-0.5%)
Ethereum ~ $3,924.50 (-1.3%)
Solana ~ $231.41 (-2.7%)
Polkadot ~ $9.98 (-4.3%)
Flow ~ $1.11 (-2.1%)

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El Salvador’s Bitcoin gains top $300M — President

Salvadoran President Nayib Bukele highlighted the country’s unrealized gains from its Bitcoin investments on social media after the cryptocurrency surpassed $100,000 for the first time.

On Dec. 5, Bitcoin reached $100,000 for the first time, sparking celebrations within the crypto community. That same day, Autism Capital, a crypto-focused account on X, asked Bukele to share…

https://cryptoinsight.ae/el-salvadors-bitcoin-gains-top-300m-president/

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$100K Bitcoin price: From cypherpunk dream to financial mainstream

Once dismissed as a fringe asset of cypherpunks and tech enthusiasts, Bitcoin has climbed through milestone after milestone, from $1 in 2011 to $1,000 in 2013, and now to the coveted six-figure mark in 2024.

Bitcoin’s latest ascent speaks to its evolution from a curious experiment to a legitimate global financial asset.

But the journey…

https://cryptoinsight.ae/100k-bitcoin-price-from-cypherpunk-dream-to-financial-mainstream/

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Ethereum’s chart signals to traders that a new high could hit next week

Ether’s price is forming “structural changes,” indicating that a big move may be on the horizon. Some crypto commentators say it may retest its all-time high within the next seven days.

Bankless podcast host Ryan Adams said in a Dec. 9 X post that a new Ether all-time high “could happen” within the next week.…

https://cryptoinsight.ae/ethereums-chart-signals-to-traders-that-a-new-high-could-hit-next-week/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.62 Trillion, a -6.5% change in the last 24 hours

Bitcoin ~ $97,063.32 (-2.1%)
Ethereum ~ $3,718.65 (-5.2%)
Solana ~ $217.68 (-5.9%)
Polkadot ~ $8.58 (-13.9%)
Flow ~ $0.9244 (-16.5%)

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CoinDCX’s BitOasis receives full crypto license in Dubai

Dubai-based cryptocurrency trading platform BitOasis secured a new license in its home jurisdiction after being acquired by Indian crypto exchange CoinDCX.

BitOasis received a full virtual asset service provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), the firm announced on Dec. 9.

The acquisition of the full license marked the final step in…

https://cryptoinsight.ae/coindcxs-bitoasis-receives-full-crypto-license-in-dubai/

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Crypto and blockchain will outpace outdated banking systems: Eric Trump

Modern banking systems worldwide are antiquated, and it’s only a matter of time before crypto and blockchain tech surpass them, says Eric Trump, an American businessman and the second son of Donald Trump.

In a Dec. 9 interview with CNBC’s Dan Murphy in Abu Dhabi, ahead of his keynote speech at the Bitcoin Conference, the…

https://cryptoinsight.ae/crypto-and-blockchain-will-outpace-outdated-banking-systems-eric-trump/

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This DeFi upgrade lets users list any market instantly with liquidity

dYdX launches a new upgrade to its trading platform with dYdX Unlimited, bringing features like automatic liquidity and instant market listings to enhance user experience.

Built on the principles of transparency and user empowerment, decentralized exchanges (DEXs) have been steadily gaining traction within the blockchain and cryptocurrency space. Boosted by the memecoin frenzy, DEXs enjoyed…

https://cryptoinsight.ae/this-defi-upgrade-lets-users-list-any-market-instantly-with-liquidity/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.63 Trillion, a -0.9% change in the last 24 hours

Bitcoin ~ $97,683.95 (0.7%)
Ethereum ~ $3,669.88 (-1.3%)
Solana ~ $219.23 (1.0%)
Polkadot ~ $8.37 (-2.3%)
Flow ~ $0.8926 (-3.4%)

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Tether’s USDT approved as accepted virtual asset in Abu Dhabi

The Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority has officially recognized Tether’s USDt stablecoin as an accepted virtual asset (AVA).

With the approval, licensed financial service providers within the ADGM can offer services related to USDT to facilitate its integration into regulated financial ecosystems.

The recognition covers USDT issued on multiple blockchains —…

https://cryptoinsight.ae/tethers-usdt-approved-as-accepted-virtual-asset-in-abu-dhabi/

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Ray Dalio predicts global debt crisis, backs Bitcoin, gold

Billionaire investor Ray Dalio expressed concerns about a potential “pending debt money problem” in global finance and urged a shift toward hard assets like Bitcoin and gold.

Dalio, the founder of one the world’s largest hedge funds, Bridgewater Associates, said he would invest in “hard money” like gold and Bitcoin while avoiding debt assets, the…

https://cryptoinsight.ae/ray-dalio-predicts-global-debt-crisis-backs-bitcoin-gold/

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Venture firm DNA launches desk for tokenized equity in startups

Venture capital firm DNA Holdings has launched a deal desk for tokenized investments in blockchain-based projects.

The desk targets high-net-worth investors — a term used to describe individuals with liquid assets of at least $1 million — but is also available for other venture firms seeking opportunities in the Web3 space.

The platform runs on…

https://cryptoinsight.ae/venture-firm-dna-launches-desk-for-tokenized-equity-in-startups/

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