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 $3.69 Trillion, a -3.9% change in the last 24 hours

Bitcoin ~ $102,662 (-2.9%)
Ethereum ~ $3,212.49 (-3.1%)
Solana ~ $249.34 (-2.8%)
Polkadot ~ $6.34 (-3.8%)
Flow ~ $0.6762 (-5.9%)

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US court overturns Tornado Cash sanctions in pivotal case for crypto

A US court has overturned the sanctions against the Tornado Cash cryptocurrency mixing protocol in a decision that could signal a shift significant toward more innovation-friendly regulations for privacy-preserving technologies.

The US Treasury’s Office of Foreign Assets Control (OFAC) originally sanctioned Tornado Cash in August 2022, accusing it of facilitating money laundering by the North…

https://cryptoinsight.ae/us-court-overturns-tornado-cash-sanctions-in-pivotal-case-for-crypto/

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US Bitcoin reserve idea sparks Davos debate on crypto’s future

Bitcoin, memecoins and the future of the cryptocurrency industry sparked intense debate at the 2025 edition of the World Economic Forum in Davos, Switzerland, as US President Donald Trump marked his return to the Oval Office.

During the sole cryptocurrency-themed session at this year’s forum, industry leaders painted an optimistic outlook for the sector in…

https://cryptoinsight.ae/us-bitcoin-reserve-idea-sparks-davos-debate-on-cryptos-future/

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How to choose a cryptocurrency exchange—3 key tips for 2025

Crypto exchanges are vital for accessing digital assets but vary greatly in security, efficiency and innovation. With top-notch security, lightning-fast trading and a keen eye for innovation, Phemex now empowers users to trade meme tokens on the Solana blockchain directly from their Phemex accounts.

Cryptocurrency exchanges are the cornerstone of the digital asset economy, offering…

https://cryptoinsight.ae/how-to-choose-a-cryptocurrency-exchange-3-key-tips-for-2025/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.78 Trillion, a 1.2% change in the last 24 hours

Bitcoin ~ $104,947 (2.1%)
Ethereum ~ $3,396.72 (5.6%)
Solana ~ $261.11 (4.7%)
Polkadot ~ $6.47 (2.0%)
Flow ~ $0.6969 (2.9%)

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SEC cancels controversial crypto accounting rule SAB 121

The Securities and Exchange Commission has canceled a controversial rule that asked financial firms holding crypto to record them as liabilities on their balance sheets.

A new Staff Accounting Bulletin on Jan. 23 said it “rescinds the interpretive guidance” of SAB 121, an agency rule published in March 2022 that the crypto industry has long…

https://cryptoinsight.ae/sec-cancels-controversial-crypto-accounting-rule-sab-121/

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Trump signs executive order for crypto working group, prohibiting CBDC

US President Donald Trump has signed his first executive order potentially affecting crypto users and industry leaders, which many expected during his first days in office.

In a televised address from the Oval Office on Jan. 23, Trump appeared with his “AI and crypto czar” David Sacks, who explained the executive order to the US…

https://cryptoinsight.ae/trump-signs-executive-order-for-crypto-working-group-prohibiting-cbdc/

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Joe Lubin: Ethereum Foundation needs to change, Consensys will step up

Ethereum co-founder Joe Lubin has supported calls for an overhaul of the Ethereum Foundation and says that Consensys is ready to step up and play a more active role.

He told Cointelegraph that his for-profit company has hung back to avoid being accused of undue influence on the blockchain, but that recent events suggested “people…

https://cryptoinsight.ae/joe-lubin-ethereum-foundation-needs-to-change-consensys-will-step-up/

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What ERC-7779 means for Ethereum’s future

With Ethereum co-founder Vitalik Buterin claiming sole ownership of the Ethereum Foundation and speculation surrounding the Trump family building “giant businesses” on Ethereum, the network has been a hot topic of discussion in the crypto community recently.

In an exclusive interview with Cointelegraph, members of the Ethereum Foundation, Trust Wallet, Safe, Alchemy and Rhinestone discussed…

https://cryptoinsight.ae/what-erc-7779-means-for-ethereums-future/

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Day started from:

The global cryptocurrency market cap today is $3.73 Trillion, a -2.6% change in the last 24 hours

Bitcoin ~ $104,218 (-0.8%)
Ethereum ~ $3,288.27 (-3.3%)
Solana ~ $247.55 (-5.2%)
Polkadot ~ $6.31 (-2.5%)
Flow ~ $0.6768 (-2.9%)

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Solana stablecoin supply hits $10B ATH, TVL up 800% — Can SOL price reach $1K?

Solana had a blistering seven days, buoyed by the TRUMP memecoin launch, US President Donald Trump’s inauguration, and ETF hype to reach a new all-time high of around $294, leading to a record stablecoin supply, and surge in total value locked.
Solana stablecoin supply hits all-time highs
Solana’s stablecoin supply has skyrocketed over the last…

https://cryptoinsight.ae/solana-stablecoin-supply-hits-10b-ath-tvl-up-800-can-sol-price-reach-1k/

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Vitalik outlines strategy for scaling Ethereum and strengthening ETH

Ethereum co-founder Vitalik Buterin outlined a multi-pronged strategy to scale the Ethereum ecosystem by fostering growth in layer-2 (L2) solutions, advancing blob scaling and reinforcing Ether’s role as the ecosystem’s primary economic driver.

In a blog post, Buterin suggested that Ether should be cemented “as the primary asset of the greater (L1 + L2) Ethereum…

https://cryptoinsight.ae/vitalik-outlines-strategy-for-scaling-ethereum-and-strengthening-eth/

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SAB 121 rescinded: What it means for crypto custody and regulation in 2025

What was SAB 121?
The Staff Accounting Bulletin (SAB) 121 rule was introduced by the SEC in March 2022 as part of its efforts to regulate cryptocurrency custody. 

It required financial institutions to list any crypto assets they held on behalf of customers as liabilities on their balance sheets. In essence, it handled these digital…

https://cryptoinsight.ae/sab-121-rescinded-what-it-means-for-crypto-custody-and-regulation-in-2025/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.76 Trillion, a -0.5% change in the last 24 hours

Bitcoin ~ $105,025 (0.8%)
Ethereum ~ $3,342.97 (1.7%)
Solana ~ $258.76 (4.5%)
Polkadot ~ $6.34 (0.5%)
Flow ~ $0.6898 (1.9%)

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‘All governments should track all their spending on blockchain’ — CZ

Binance co-founder Changpeng Zhao (CZ) echoed calls for government transparency by bringing all public spending onchain in every country.

CZ chimed in following reports of Elon Musk and the Department of Government Efficiency (DOGE) exploring blockchain to track government spending and reduce the federal deficit in the United States. CZ wrote in a Jan. 25…

https://cryptoinsight.ae/all-governments-should-track-all-their-spending-on-blockchain-cz/

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Crypto advocates focus on Congress as GOP takes control of US gov’t

Following the re-election of President Donald Trump in the United States, crypto advocacy groups have shifted their focus to key players in both chambers of Congress, which advocacy groups have characterized as the most pro-crypto Congress in history.

Ron Hammond, the senior director of government relations at the Blockchain Association, told Cointelegraph editor Jesse Coghlan…

https://cryptoinsight.ae/crypto-advocates-focus-on-congress-as-gop-takes-control-of-us-govt/

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Solana-based DEX Jupiter acquires majority stake in Moonshot

Solana-based decentralized exchange (DEX) aggregator Jupiter announced the acquisition of a majority stake in Moonshot, an app that allows users to buy memecoins using Apple Pay.

Meow, Jupiter’s pseudonymous founder on Jan. 25 shared the news on X:
“For the first announcement of Catstanbul, I’m thrilled to share that Jupiter Exchange has acquired a majority…

https://cryptoinsight.ae/solana-based-dex-jupiter-acquires-majority-stake-in-moonshot/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $3.55 Trillion, a -7.1% change in the last 24 hours

Bitcoin ~ $99,830.59 (-5.0%)
Ethereum ~ $3,113.02 (-6.9%)
Solana ~ $230.50 (-11.0%)
Polkadot ~ $5.82 (-8.2%)
Flow ~ $0.6326 (-8.3%)

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Brian Armstrong says Coinbase needs to ‘rethink’ its token listing process

The CEO of the largest cryptocurrency exchange in the United States has proposed rethinking the company’s asset listing process in response to a surge in token creation.

In a Jan. 24 X post, Coinbase CEO Brian Armstrong noted the challenges posed by the exponential growth of new tokens.

“We need to rethink our listing process…

https://cryptoinsight.ae/brian-armstrong-says-coinbase-needs-to-rethink-its-token-listing-process/

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Ethereum devs and L2 leaders go all in on based and native rollups

Executives from leading Ethereum layer 2s have said they’re willing to make Ethereum more unified by implementing “based” and “native” rollups, which they say could improve security while making the network less fragmented.

The head of Ethereum layer 2 Base, Jesse Pollak, said on a Jan. 25 call with Ethereum founders and developers that based…

https://cryptoinsight.ae/ethereum-devs-and-l2-leaders-go-all-in-on-based-and-native-rollups/

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