Hello there!
Day started from:
The global cryptocurrency market cap today is $2.34 Trillion, a 3.3% change in the last 24 hours
Bitcoin ~ $59,407.73 (3.3%)
Ethereum ~ $2,986.16 (2.4%)
Solana ~ $138.46 (6.4%)
Polkadot ~ $7.18 (4.1%)
Flow ~ $0.8694 (2.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.34 Trillion, a 3.3% change in the last 24 hours
Bitcoin ~ $59,407.73 (3.3%)
Ethereum ~ $2,986.16 (2.4%)
Solana ~ $138.46 (6.4%)
Polkadot ~ $7.18 (4.1%)
Flow ~ $0.8694 (2.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hong Kong Bitcoin ETFs not enough to absorb US ETF selling pressure
The inflows from the recently launched spot Bitcoin exchange-traded funds (ETFs) in Hong Kong are not enough to cover the outflows from the 11 United States-based spot Bitcoin ETFs.
So far, the Hong Kong ETFs saw $217 million worth of net inflows this week, according to a May 2 X post by James Butterfill, the…
https://cryptoinsight.ae/hong-kong-bitcoin-etfs-not-enough-to-absorb-us-etf-selling-pressure/
Website | Twitter | LinkedIn | Telegram
The inflows from the recently launched spot Bitcoin exchange-traded funds (ETFs) in Hong Kong are not enough to cover the outflows from the 11 United States-based spot Bitcoin ETFs.
So far, the Hong Kong ETFs saw $217 million worth of net inflows this week, according to a May 2 X post by James Butterfill, the…
https://cryptoinsight.ae/hong-kong-bitcoin-etfs-not-enough-to-absorb-us-etf-selling-pressure/
Website | Twitter | LinkedIn | Telegram
Crypto leaders should stop flirting with CBDCs
Central bank digital currencies (CBDCs) offer governments the ability to exert absolute control over currency. They should be rejected by all fair-minded blockchain leaders, but that unfortunately is not the case.
In June 2023, the International Monetary Fund (IMF) noted that most cryptocurrency innovations have come from the private sector. But it praised central banks…
https://cryptoinsight.ae/crypto-leaders-should-stop-flirting-with-cbdcs/
Website | Twitter | LinkedIn | Telegram
Central bank digital currencies (CBDCs) offer governments the ability to exert absolute control over currency. They should be rejected by all fair-minded blockchain leaders, but that unfortunately is not the case.
In June 2023, the International Monetary Fund (IMF) noted that most cryptocurrency innovations have come from the private sector. But it praised central banks…
https://cryptoinsight.ae/crypto-leaders-should-stop-flirting-with-cbdcs/
Website | Twitter | LinkedIn | Telegram
EigenLayer to cough up around 28M more EIGEN after airdrop backlash
Ethereum restaking protocol EigenLayer is airdropping around 28 million more of its native EIGEN tokens to over 280,000 wallets — just days after its first airdrop announcement.
On Monday, EigenLayer announced it would allocate 15% of its total supply to the community, but some users deemed several provisions of its airdrop program as restrictive.
In…
https://cryptoinsight.ae/eigenlayer-to-cough-up-around-28m-more-eigen-after-airdrop-backlash/
Website | Twitter | LinkedIn | Telegram
Ethereum restaking protocol EigenLayer is airdropping around 28 million more of its native EIGEN tokens to over 280,000 wallets — just days after its first airdrop announcement.
On Monday, EigenLayer announced it would allocate 15% of its total supply to the community, but some users deemed several provisions of its airdrop program as restrictive.
In…
https://cryptoinsight.ae/eigenlayer-to-cough-up-around-28m-more-eigen-after-airdrop-backlash/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.46 Trillion, a 5.0% change in the last 24 hours
Bitcoin ~ $63,168.10 (6.3%)
Ethereum ~ $3,113.31 (4.3%)
Solana ~ $144.98 (4.7%)
Polkadot ~ $7.17 (0.0%)
Flow ~ $0.9025 (3.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.46 Trillion, a 5.0% change in the last 24 hours
Bitcoin ~ $63,168.10 (6.3%)
Ethereum ~ $3,113.31 (4.3%)
Solana ~ $144.98 (4.7%)
Polkadot ~ $7.17 (0.0%)
Flow ~ $0.9025 (3.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Coinbase’s Base could make it the NVIDIA of DeFi
Coinbase’s first-quarter earnings report — released May 2 — indicated the company has been thriving thanks to a vibrant market for Bitcoin and Ethereum over the last several months. However, the numbers indicated Base platform has shown even greater potential — and could make Coinbase the NVIDIA of decentralized finance (DeFi).
Launched in August 2023,…
https://cryptoinsight.ae/coinbases-base-could-make-it-the-nvidia-of-defi/
Website | Twitter | LinkedIn | Telegram
Coinbase’s first-quarter earnings report — released May 2 — indicated the company has been thriving thanks to a vibrant market for Bitcoin and Ethereum over the last several months. However, the numbers indicated Base platform has shown even greater potential — and could make Coinbase the NVIDIA of decentralized finance (DeFi).
Launched in August 2023,…
https://cryptoinsight.ae/coinbases-base-could-make-it-the-nvidia-of-defi/
Website | Twitter | LinkedIn | Telegram
SEC will classify Ether as security, deny spot Ether ETFs — Michael Saylor
MicroStrategy executive chair Michael Saylor speculated that the United States Securities and Exchange Commission will deny listing and trading of spot Ether exchange-traded funds.
Speaking at MicroStrategy’s Bitcoin For Corporations conference on May 1, Saylor said the SEC would label ETH as a crypto asset security under its regulatory purview and not a commodity under…
https://cryptoinsight.ae/sec-will-classify-ether-as-security-deny-spot-ether-etfs-michael-saylor/
Website | Twitter | LinkedIn | Telegram
MicroStrategy executive chair Michael Saylor speculated that the United States Securities and Exchange Commission will deny listing and trading of spot Ether exchange-traded funds.
Speaking at MicroStrategy’s Bitcoin For Corporations conference on May 1, Saylor said the SEC would label ETH as a crypto asset security under its regulatory purview and not a commodity under…
https://cryptoinsight.ae/sec-will-classify-ether-as-security-deny-spot-ether-etfs-michael-saylor/
Website | Twitter | LinkedIn | Telegram
USDC overtakes USDT: Compliance is key to stablecoin dominance
Tether has long dominated the stablecoin sector thanks in large part to USDT’s status as the first fiat-backed stablecoin.
However, new serious competitors have entered the stablecoin market over the past several years, giving USDT a run for its money.
Since 2024, the transaction volume of Circle’s stablecoin, USD Coin, has been on the rise.…
https://cryptoinsight.ae/usdc-overtakes-usdt-compliance-is-key-to-stablecoin-dominance/
Website | Twitter | LinkedIn | Telegram
Tether has long dominated the stablecoin sector thanks in large part to USDT’s status as the first fiat-backed stablecoin.
However, new serious competitors have entered the stablecoin market over the past several years, giving USDT a run for its money.
Since 2024, the transaction volume of Circle’s stablecoin, USD Coin, has been on the rise.…
https://cryptoinsight.ae/usdc-overtakes-usdt-compliance-is-key-to-stablecoin-dominance/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.45 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $63,211.76 (0.1%)
Ethereum ~ $3,085.64 (-0.8%)
Solana ~ $144.48 (-0.2%)
Polkadot ~ $7.05 (-1.7%)
Flow ~ $0.8986 (-0.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.45 Trillion, a -0.4% change in the last 24 hours
Bitcoin ~ $63,211.76 (0.1%)
Ethereum ~ $3,085.64 (-0.8%)
Solana ~ $144.48 (-0.2%)
Polkadot ~ $7.05 (-1.7%)
Flow ~ $0.8986 (-0.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
LayerZero tackles sybil activity with self-reporting mechanism
LayerZero Labs has unveiled a solution to address sybil activity, also known as “airdrop farming.” The creator of the cross-chain communication protocol introduced a self-reporting mechanism, offering sybil users 15% of their planned token allocation for honesty within a defined 14-day period.
LayerZero stated in a May 3 post on X that it believes it’s…
https://cryptoinsight.ae/layerzero-tackles-sybil-activity-with-self-reporting-mechanism/
Website | Twitter | LinkedIn | Telegram
LayerZero Labs has unveiled a solution to address sybil activity, also known as “airdrop farming.” The creator of the cross-chain communication protocol introduced a self-reporting mechanism, offering sybil users 15% of their planned token allocation for honesty within a defined 14-day period.
LayerZero stated in a May 3 post on X that it believes it’s…
https://cryptoinsight.ae/layerzero-tackles-sybil-activity-with-self-reporting-mechanism/
Website | Twitter | LinkedIn | Telegram
What are tokenized commodities?
Tokenized commodities, which include energy resources, agricultural products, precious metals and other tangible things, are digital representations of real-world assets.
These assets go through a process known as “tokenization,” in which their ownership rights are converted into blockchain-based cryptographic tokens. Partially owned and accessible, each token usually represents a portion or entirety of the underlying…
https://cryptoinsight.ae/what-are-tokenized-commodities/
Website | Twitter | LinkedIn | Telegram
Tokenized commodities, which include energy resources, agricultural products, precious metals and other tangible things, are digital representations of real-world assets.
These assets go through a process known as “tokenization,” in which their ownership rights are converted into blockchain-based cryptographic tokens. Partially owned and accessible, each token usually represents a portion or entirety of the underlying…
https://cryptoinsight.ae/what-are-tokenized-commodities/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.5 Trillion, a 1.8% change in the last 24 hours
Bitcoin ~ $64,163.85 (1.3%)
Ethereum ~ $3,162.61 (2.3%)
Solana ~ $148.42 (2.2%)
Polkadot ~ $7.31 (3.7%)
Flow ~ $0.9168 (2.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.5 Trillion, a 1.8% change in the last 24 hours
Bitcoin ~ $64,163.85 (1.3%)
Ethereum ~ $3,162.61 (2.3%)
Solana ~ $148.42 (2.2%)
Polkadot ~ $7.31 (3.7%)
Flow ~ $0.9168 (2.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Where to store your crypto: Wallets provide diverse options for holders
Being in control of your own assets — having total freedom of how and to whom they are sent — is a foundational tenant of cryptocurrencies.
Today, over 10,000 cryptocurrencies exist on a multitude of blockchains. With the increased adoption and proliferation of digital assets, crypto users have more options than ever regarding how they…
https://cryptoinsight.ae/where-to-store-your-crypto-wallets-provide-diverse-options-for-holders/
Website | Twitter | LinkedIn | Telegram
Being in control of your own assets — having total freedom of how and to whom they are sent — is a foundational tenant of cryptocurrencies.
Today, over 10,000 cryptocurrencies exist on a multitude of blockchains. With the increased adoption and proliferation of digital assets, crypto users have more options than ever regarding how they…
https://cryptoinsight.ae/where-to-store-your-crypto-wallets-provide-diverse-options-for-holders/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.46 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $63,560.42 (-1.2%)
Ethereum ~ $3,066.16 (-3.7%)
Solana ~ $154.15 (3.6%)
Polkadot ~ $7.11 (-3.7%)
Flow ~ $0.8773 (-4.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.46 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $63,560.42 (-1.2%)
Ethereum ~ $3,066.16 (-3.7%)
Solana ~ $154.15 (3.6%)
Polkadot ~ $7.11 (-3.7%)
Flow ~ $0.8773 (-4.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
How and where to view crypto transaction histories
Each transaction on the blockchain incurs a transaction fee based on a tiered pricing structure, meaning fees are determined by transaction size or network activity levels. These fees can vary significantly, making it important to monitor crypto transactions closely. A user can identify patterns and develop strategies to minimize costs by analyzing transaction history. Viewing…
https://cryptoinsight.ae/how-and-where-to-view-crypto-transaction-histories/
Website | Twitter | LinkedIn | Telegram
Each transaction on the blockchain incurs a transaction fee based on a tiered pricing structure, meaning fees are determined by transaction size or network activity levels. These fees can vary significantly, making it important to monitor crypto transactions closely. A user can identify patterns and develop strategies to minimize costs by analyzing transaction history. Viewing…
https://cryptoinsight.ae/how-and-where-to-view-crypto-transaction-histories/
Website | Twitter | LinkedIn | Telegram
Ethereum L2 EigenLayer is last of ‘life-changing airdrops,’ experts say
An ongoing, much-hyped airdrop conducted by Ethereum restaking protocol EigenLayer continues to generate controversy over its restrictive qualifications for claiming rewards. Project founders and users from across the crypto ecosystem are chiming in as a result.
“The reality is that, in all likelihood, the era of life-changing airdrops is now behind us,” said Leandro Schlottchauer,…
https://cryptoinsight.ae/ethereum-l2-eigenlayer-is-last-of-life-changing-airdrops-experts-say/
Website | Twitter | LinkedIn | Telegram
An ongoing, much-hyped airdrop conducted by Ethereum restaking protocol EigenLayer continues to generate controversy over its restrictive qualifications for claiming rewards. Project founders and users from across the crypto ecosystem are chiming in as a result.
“The reality is that, in all likelihood, the era of life-changing airdrops is now behind us,” said Leandro Schlottchauer,…
https://cryptoinsight.ae/ethereum-l2-eigenlayer-is-last-of-life-changing-airdrops-experts-say/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.43 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $62,629.10 (-1.5%)
Ethereum ~ $3,024.24 (-1.5%)
Solana ~ $147.36 (-5.0%)
Polkadot ~ $7.06 (-0.9%)
Flow ~ $0.8722 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.43 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $62,629.10 (-1.5%)
Ethereum ~ $3,024.24 (-1.5%)
Solana ~ $147.36 (-5.0%)
Polkadot ~ $7.06 (-0.9%)
Flow ~ $0.8722 (-1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Financial system ‘outdated’ but crypto is no fix either: US swing voters
The majority of Americans in swing states say the financial system is “outdated” but agree crypto may not be the solution either, a survey reveals.
The study, conducted by the Digital Currency Group and The Harris Group, surveyed 1,201 people in six “swing states” — a term given to states that could reasonably be won…
https://cryptoinsight.ae/financial-system-outdated-but-crypto-is-no-fix-either-us-swing-voters/
Website | Twitter | LinkedIn | Telegram
The majority of Americans in swing states say the financial system is “outdated” but agree crypto may not be the solution either, a survey reveals.
The study, conducted by the Digital Currency Group and The Harris Group, surveyed 1,201 people in six “swing states” — a term given to states that could reasonably be won…
https://cryptoinsight.ae/financial-system-outdated-but-crypto-is-no-fix-either-us-swing-voters/
Website | Twitter | LinkedIn | Telegram
Starknet Foundation launches $5M grants program
The Starknet Foundation announced a new grant program with $5 million worth of USDC for emerging projects on the network.
The new $5 million Seed Grants Program aims to support at least 200 promising teams, with $25,000 in USD Coin per award recipient, offering a “final push” to help final-stage projects launch on Starknet, an…
https://cryptoinsight.ae/starknet-foundation-launches-5m-grants-program/
Website | Twitter | LinkedIn | Telegram
The Starknet Foundation announced a new grant program with $5 million worth of USDC for emerging projects on the network.
The new $5 million Seed Grants Program aims to support at least 200 promising teams, with $25,000 in USD Coin per award recipient, offering a “final push” to help final-stage projects launch on Starknet, an…
https://cryptoinsight.ae/starknet-foundation-launches-5m-grants-program/
Website | Twitter | LinkedIn | Telegram
New South Korean leadership will press for Bitcoin ETF trading
The Democratic Party of Korea will request that the Financial Services Commission (FSC) reconsider its interpretation of the legal status of spot Bitcoin exchange-traded funds (ETFs), according to a local press report. Allowing spot ETFs with underlying virtual assets was one of the party’s campaign promises.
An unnamed official of the Democratic Party policy committee…
https://cryptoinsight.ae/new-south-korean-leadership-will-press-for-bitcoin-etf-trading/
Website | Twitter | LinkedIn | Telegram
The Democratic Party of Korea will request that the Financial Services Commission (FSC) reconsider its interpretation of the legal status of spot Bitcoin exchange-traded funds (ETFs), according to a local press report. Allowing spot ETFs with underlying virtual assets was one of the party’s campaign promises.
An unnamed official of the Democratic Party policy committee…
https://cryptoinsight.ae/new-south-korean-leadership-will-press-for-bitcoin-etf-trading/
Website | Twitter | LinkedIn | Telegram