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 $2.7 Trillion, a 0.2% change in the last 24 hours

Bitcoin ~ $68,791.35 (0.4%)
Ethereum ~ $3,752.76 (-1.4%)
Solana ~ $164.96 (0.4%)
Polkadot ~ $6.99 (-1.3%)
Flow ~ $0.8664 (-3.3%)

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Why is Notcoin up 300% over the past week?

Notcoin’s (NOT) price rose over 300% over the past week to reach a new all-time high. Can the NOT token continue its parabolic rise due to social hype?

Notcoin rises 320% in one week, hits new all-time high
Notcoin’s price rallied over 323% during the past week, reaching a new all-time high of $0.02896 on…

https://cryptoinsight.ae/why-is-notcoin-up-300-over-the-past-week/

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Worldwide searches for ‘onchain’ on Google hit all-time high

Google search interest for the term “onchain” surged to an all-time high in May, according to Google Trends data.

Over the past five years, worldwide search interest in the term hovered mostly under 25 out of 100, with a brief spike to around 30 in March.

However, between May 26 and June 1, search interest…

https://cryptoinsight.ae/worldwide-searches-for-onchain-on-google-hit-all-time-high/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.77 Trillion, a 2.7% change in the last 24 hours

Bitcoin ~ $70,947.48 (3.0%)
Ethereum ~ $3,795.86 (0.9%)
Solana ~ $173.73 (5.1%)
Polkadot ~ $7.25 (3.6%)
Flow ~ $0.9285 (7.2%)

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Who governs Ethereum? Galaxy report reveals all

Galaxy Digital has released a report showing that Ethereum’s decentralized governance is steered by off-chain voting rather than on-chain Ether (ETH) holder voting.
Christine Kim, vice president of Galaxy Digital’s research team, released the report on June 3. It reveals multiple stakeholders who hold the keys to Ethereum’s governance.

Speaking with Cointelegraph on the risks…

https://cryptoinsight.ae/who-governs-ethereum-galaxy-report-reveals-all/

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Germans split on digital euro, most don’t know what it is: Survey

Half of Germans in a recent survey said they could see themselves using the digital euro despite many not having heard of it or knowing exactly what it is.

Deutsche Bundesbank’s survey of 2,012 people published on June 4 saw 50% say they could either “definitely” or “probably” imagine using the digital euro — the…

https://cryptoinsight.ae/germans-split-on-digital-euro-most-dont-know-what-it-is-survey/

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SEC Ethereum ETF decision unlikely driven by politics: Bernstein

The United States securities regulator’s decision to approve the spot Ether (ETH) exchange-traded funds may not have been a last-minute decision driven by political pressure, according to analysts at research and brokerage firm Bernstein.

One of the leading theories behind the Securities and Exchange Commission’s sudden change in tone toward spot Ether ETFs in May…

https://cryptoinsight.ae/sec-ethereum-etf-decision-unlikely-driven-by-politics-bernstein/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.78 Trillion, a 0.1% change in the last 24 hours

Bitcoin ~ $70,873.82 (-0.1%)
Ethereum ~ $3,854.03 (1.7%)
Solana ~ $172.67 (-0.2%)
Polkadot ~ $7.18 (-0.3%)
Flow ~ $0.9226 (-0.5%)

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UAE central bank approves licensing system for stablecoins

The board of directors of the Central Bank of the United Arab Emirates (CBUAE) approved the issuance of a new system to oversee and license stablecoins.
In a meeting in Abu Dhabi, the board reportedly discussed projects under the government’s financial infrastructure transformation (FIT) program. The initiative aims to boost digital transactions, advance the country’s…

https://cryptoinsight.ae/uae-central-bank-approves-licensing-system-for-stablecoins/

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Coinbase rolls out smart wallet with no gas fees and easy onboarding

Cryptocurrency exchange Coinbase is launching a smart wallet. The new Coinbase Wallet will offer users greater convenience through onboarding, eliminating gas fees and making recovery phrases unnecessary.

Smart wallets overcome complexity
The smart wallet will allow users to create a new wallet and onboard onto a blockchain without downloading a new app or receiving a…

https://cryptoinsight.ae/coinbase-rolls-out-smart-wallet-with-no-gas-fees-and-easy-onboarding/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.78 Trillion, a 0.2% change in the last 24 hours

Bitcoin ~ $71,243.20 (0.4%)
Ethereum ~ $3,815.12 (-0.9%)
Solana ~ $171.99 (-0.1%)
Polkadot ~ $7.17 (0.0%)
Flow ~ $0.9187 (-0.2%)

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Ethereum ETF launch date depends on issuers, not SEC: Gensler

The approval of United States spot Ether exchange-traded funds (ETF) will depend on how quickly issuers can respond to comments from the Securities and Exchange Commission, says chairman Gary Gensler.

Gensler’s comments appear to put the onus for approvals on issuers and indicate the SEC will not drag the process out as some feared.

On…

https://cryptoinsight.ae/ethereum-etf-launch-date-depends-on-issuers-not-sec-gensler/

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Unstoppable Domains to apply for ‘.blockchain’ domain registration

Unstoppable Domains and Blockchain.com have partnered to launch and commercialize a “.blockchain” domain name system (DNS)-enabled Web3 domain.
According to the announcement shared with Cointelegraph, the duo teamed up to register the .blockchain Web3 domain with the Internet Corporation for Assigned Names and Numbers (ICANN), the world’s authority on IP addresses and domain names.
“The…

https://cryptoinsight.ae/unstoppable-domains-to-apply-for-blockchain-domain-registration/

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What is market depth in crypto?

Market depth in cryptocurrency trading, explained
In cryptocurrency trading, market depth describes the market’s capacity to withstand significant orders without appreciably impacting price. 

It is a liquidity metric that shows how many buy and sell orders there are for a given cryptocurrency at different price points. So, how is market depth displayed? A depth chart…

https://cryptoinsight.ae/what-is-market-depth-in-crypto/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.69 Trillion, a -3.5% change in the last 24 hours

Bitcoin ~ $69,296.96 (-2.7%)
Ethereum ~ $3,680.42 (-3.5%)
Solana ~ $162.27 (-5.6%)
Polkadot ~ $6.61 (-7.8%)
Flow ~ $0.8461 (-7.9%)

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Impact of shifting SEC policy on ETH ‘yet to be seen’ — Consensys SC

The political landscape might influence how the United States Securities and Exchange Commission (SEC) handles crypto-related policies in the lead-up to the 2024 election, according to Consensys’ senior counsel.

Speaking to Cointelegraph at the Consensus conference in Austin on May 29, Consensys senior counsel and director of global regulatory matters Bill Hughes said it was…

https://cryptoinsight.ae/impact-of-shifting-sec-policy-on-eth-yet-to-be-seen-consensys-sc/

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Zilliqa 2.0 upgrade enhances speed and cross-chain compatibility

Blockchain network Zilliqa has officially released the white paper and roadmap for its highly anticipated version 2.0 upgrade, which will deploy on the mainnet later in 2024.
According to the network, the new version promises to improve the platform, making it faster, more efficient and capable of working with other blockchain networks.
New features in…

https://cryptoinsight.ae/zilliqa-2-0-upgrade-enhances-speed-and-cross-chain-compatibility/

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Hello there!
Day started from:

The global cryptocurrency market cap today is $2.68 Trillion, a -0.4% change in the last 24 hours

Bitcoin ~ $69,357.56 (0.0%)
Ethereum ~ $3,687.94 (0.1%)
Solana ~ $159.25 (-2.0%)
Polkadot ~ $6.43 (-2.8%)
Flow ~ $0.8041 (-5.1%)

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Friend.tech’s plan to develop own blockchain leaves users confused

Decentralized social media platform Friend.tech — built on Coinbase layer-2 network Base — has announced plans to develop its own blockchain, Friendchain, but the decision to do so has left many users to ask, “Why?”

“No hate, just a genuine question, What is the value proposition of a social-focused chain?” crypto trader Dr. Jojipup asked…

https://cryptoinsight.ae/friend-techs-plan-to-develop-own-blockchain-leaves-users-confused/

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ZkSync’s Gemholic project suspected $3.5M rug pull

The cryptocurrency community is concerned following a suspected rug-pull incident involving the Gemholic project and the zkSync network.
Several users affected by the alleged Gemholic scam have taken to X to raise awareness. NSerec, the founder of Zkmarkets, confirmed that Gemholic stole $3.5 million.

In the X post, NSerec claimed that Gemholic had deceived its…

https://cryptoinsight.ae/zksyncs-gemholic-project-suspected-3-5m-rug-pull/

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