Hello there!
Day started from:

The global cryptocurrency market cap today is $2.41 Trillion, a -0.7% change in the last 24 hours

Bitcoin ~ $61,670.66 (-0.9%)
Ethereum ~ $3,004.57 (-0.2%)
Solana ~ $145.01 (-0.8%)
Polkadot ~ $7.03 (0.3%)
Flow ~ $0.8917 (3.1%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram

Optimism to roll out new Superchain features for layer-3 devs

Ethereum scaling solution provider Optimism is looking to take its blockchain throughput a step further by onboarding layer-3 applications on top of the OP Stack.

On May 8, the Optimism team said that they were welcoming layer-3s to the Superchain where they can build on the OP Stack and share revenue with the Optimism Collective.…

https://cryptoinsight.ae/optimism-to-roll-out-new-superchain-features-for-layer-3-devs/

Website | Twitter | LinkedIn | Telegram

Crypto degens ‘hungry’ for next big SocialFi breakthrough — K33 Research

Crypto users are clamoring to find the next big thing in the Social Finance (SocialFi) sector, according to analysts from K33 Research — who see it a growing corner of crypto despite being plagued by “perverse incentives.”

In a May 8 research report, K33 DeFi analyst David Zimmerman wrote that following a recent Firend.tech airdrop,…

https://cryptoinsight.ae/crypto-degens-hungry-for-next-big-socialfi-breakthrough-k33-research/

Website | Twitter | LinkedIn | Telegram

Blockchain education initiatives take off amid crypto bull market

Amid an industry boom, crypto education initiatives are quickly gaining traction.
On May 7, organizers of the Women in Tech Global Summit 2024 announced that they would incorporate Unstoppable Domain’s technology for its own Web3 top-level domain (TLD). Dubbed “.WITG,” the digital identity domain, assignable to each participant, will allow users to network as well…

https://cryptoinsight.ae/blockchain-education-initiatives-take-off-amid-crypto-bull-market/

Website | Twitter | LinkedIn | Telegram

Hello there!
Day started from:

The global cryptocurrency market cap today is $2.45 Trillion, a 2.0% change in the last 24 hours

Bitcoin ~ $62,897.67 (2.2%)
Ethereum ~ $3,029.87 (1.0%)
Solana ~ $153.48 (6.5%)
Polkadot ~ $7.08 (0.8%)
Flow ~ $0.9113 (3.5%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram

SEC doesn’t want Ethereum to transform banking landscape, says Joseph Lubin

Ethereum co-founder Joseph Lubin believes the United States Securities and Exchange Commission is intentionally hindering innovation, which threatens the country’s existing financial landscape.
Speaking at FT Live’s Crypto and Digital Asset summit in London, Lubin unpacked Consensys’s decision to sue the SEC after receiving a Wells notice from the U.S. securities regulator.

“The SEC appears…

https://cryptoinsight.ae/sec-doesnt-want-ethereum-to-transform-banking-landscape-says-joseph-lubin/

Website | Twitter | LinkedIn | Telegram

Coinbase sees infinite interoperability potential with Ethereum and USDC

Coinbase is preparing for a future of a billion customers using decentralized applications on millions of blockchains safely and securely in a system integrating the Ethereum Virtual Machine (EVM) and Circle’s USD Coin.

Coinbase head of tokenization Anthony Bassili, speaking at TokenizeThis 2024 in Miami, said Coinbase’s Ethereum layer-2 Base blockchain will save time on…

https://cryptoinsight.ae/coinbase-sees-infinite-interoperability-potential-with-ethereum-and-usdc/

Website | Twitter | LinkedIn | Telegram

Starknet to bring on AI agents that can carry out on-chain activity

Ethereum layer-2 blockchain Starknet will soon allow artificial intelligence (AI) agents on its blockchain that can autonomously perform on-chain activities for users, such as optimizing yield and re-allocating portfolios.
Giza — a firm aiming to bring AI to blockchains — raised $3 million in a pre-seed round led by CoinFund in July 2023 and is…

https://cryptoinsight.ae/starknet-to-bring-on-ai-agents-that-can-carry-out-on-chain-activity/

Website | Twitter | LinkedIn | Telegram

Hello there!
Day started from:

The global cryptocurrency market cap today is $2.37 Trillion, a 2.8% change in the last 24 hours

Bitcoin ~ $60,935.03 (-3.1%)
Ethereum ~ $2,918.80 (-3.9%)
Solana ~ $145.63 (-5.4%)
Polkadot ~ $6.77 (-4.4%)
Flow ~ $0.8664 (-5.0%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram

Eigenlayer launches EIGEN token — but it’s nontransferable till September

Ethereum restaking protocol Eigenlayer has launched its token-claim process, or “airdrop,” for Season 1, Phase 1 rewards, according to a May 10 blog post from the protocol’s development team. The claims process will allow users who are owed the new EIGEN token to finally acquire it, after weeks of waiting. However, EIGEN is currently nontransferable,…

https://cryptoinsight.ae/eigenlayer-launches-eigen-token-but-its-nontransferable-till-september/

Website | Twitter | LinkedIn | Telegram

IMF backs Nigeria crypto adoption amid local SEC crackdown

The International Monetary Fund (IMF) has recommended that Nigeria license global cryptocurrency exchanges as a part of its economic reformation measures.
According to a recent IMF report, the bid to integrate cryptocurrencies into its financial system aims to secure Nigeria’s position in the African cryptocurrency market. It recommends that “global crypto trading platforms be registered…

https://cryptoinsight.ae/imf-backs-nigeria-crypto-adoption-amid-local-sec-crackdown/

Website | Twitter | LinkedIn | Telegram

Telegram-linked Toncoin soars 50% in May for these 3 reasons

The price of Telegram-linked Toncoin (TON) cryptocurrency has rebounded by approximately 50% month-to-date—including a 15% jump in the last 24 hours—to reach $7.10 on May 10, its highest level in three weeks.

Toncoin has outperformed the broader crypto market, whose valuation has bounced by 15% in the same period.

This performance indicates that, although Toncoin’s…

https://cryptoinsight.ae/telegram-linked-toncoin-soars-50-in-may-for-these-3-reasons/

Website | Twitter | LinkedIn | Telegram

Hello there!
Day started from:

The global cryptocurrency market cap today is $2.38 Trillion, a 0.2% change in the last 24 hours

Bitcoin ~ $61,019.78 (0.2%)
Ethereum ~ $2,925.09 (0.2%)
Solana ~ $147.35 (1.2%)
Polkadot ~ $6.70 (-1.0%)
Flow ~ $0.846 (-2.4%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram

Bitcoin repeats ‘2016 history perfectly’ amid $350K price prediction — Traders

Bitcoin is replicating the same path as it did after the 2016 Bitcoin halving event, with one indicator signaling it may be nearing its local bottom and another indicating it reaching $350,000 during “the peak” of this cycle, according to crypto traders.

“Bitcoin has repeated 2016 history perfectly, offering a downside wick below the bottom…

https://cryptoinsight.ae/bitcoin-repeats-2016-history-perfectly-amid-350k-price-prediction-traders/

Website | Twitter | LinkedIn | Telegram

Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain

Jenny Johnson, the CEO and President of Franklin Templeton, a financial firm with $1.6 trillion in assets under management, recently reiterated her pro-blockchain stance during an interview with Bloomberg anchor David Westland during the 27th Annual Milken Institute Global Conference in California.

Among the hot topics discussed by the two, Johnson had plenty to say…

https://cryptoinsight.ae/franklin-templeton-ceo-says-all-etfs-and-mutual-funds-will-be-on-blockchain/

Website | Twitter | LinkedIn | Telegram

Hello there!
Day started from:

The global cryptocurrency market cap today is $2.35 Trillion, a -1.2% change in the last 24 hours

Bitcoin ~ $60,918.98 (-0.1%)
Ethereum ~ $2,878.50 (-1.5%)
Solana ~ $138.47 (-6.0%)
Polkadot ~ $6.48 (-3.3%)
Flow ~ $0.8131 (-3.9%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram

Bitcoin sats the ‘most valuable digital canvas ever’ — Ordinals artist

The lead artist behind the Bitcoin art community “Nurorealm” said it was a “dream come true” to inscribe their 3D art on an “epic sat” — which he won in a recent auction.

“[The artwork is now inscribed on] one of the most valuable digital assets in existence and is the most valuable digital canvas…

https://cryptoinsight.ae/bitcoin-sats-the-most-valuable-digital-canvas-ever-ordinals-artist/

Website | Twitter | LinkedIn | Telegram

It’s ‘clear’ the US government is going after Tether: Ripple CEO

Ripple CEO Brad Garlinghouse says it is “clear” that the United States government is “going after” stablecoin issuer Tether — which could have an unpredictable impact on the crypto markets.

Garlinghouse said on a May 10 episode of the World Class podcast there would “100%” be another crypto-related black swan event such as the collapse…

https://cryptoinsight.ae/its-clear-the-us-government-is-going-after-tether-ripple-ceo/

Website | Twitter | LinkedIn | Telegram

Chinese workers paid in CBDC are cashing it out for real money: Report

China’s digital currency project reportedly still has teething problems, with a report suggesting some state Chinese workers being paid in “e-CNY,” or digital yuan, seldom use it and have been converting it to physical cash.

According to a May 13 report from South China Morning Post, some Chinese cities have begun paying state employees in…

https://cryptoinsight.ae/chinese-workers-paid-in-cbdc-are-cashing-it-out-for-real-money-report/

Website | Twitter | LinkedIn | Telegram

Hello there!
Day started from:

The global cryptocurrency market cap today is $2.37 Trillion, a 1.0% change in the last 24 hours

Bitcoin ~ $61,517.81 (0.3%)
Ethereum ~ $2,885.89 (-0.2%)
Solana ~ $143.87 (3.2%)
Polkadot ~ $6.50 (-0.3%)
Flow ~ $0.8302 (1.3%)

Follow and subscribe - @GulfCryptoInsight

Website | Twitter | LinkedIn | Telegram