Hello there!
Day started from:
The global cryptocurrency market cap today is $2.23 Trillion, a 2.3% change in the last 24 hours
Bitcoin ~ $60,910.35 (3.3%)
Ethereum ~ $2,748.02 (4.1%)
Solana ~ $145.58 (0.4%)
Polkadot ~ $4.52(0.4%)
Flow ~ $0.556 (2.3%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.23 Trillion, a 2.3% change in the last 24 hours
Bitcoin ~ $60,910.35 (3.3%)
Ethereum ~ $2,748.02 (4.1%)
Solana ~ $145.58 (0.4%)
Polkadot ~ $4.52(0.4%)
Flow ~ $0.556 (2.3%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum L2 ecosystem processes a record 12.4M transactions in a day
Ethereum’s layer-2 scaling ecosystem has just reached a new daily transaction all-time high.
According to data from Growthepie, an Ethereum layer-2 block space analytics platform, aggregated daily transactions across the scaling ecosystem hit a record 12.42 million on Aug. 12.
Leon Waidmann, head of research at the Onchain Foundation, commented on the milestone in a…
https://cryptoinsight.ae/ethereum-l2-ecosystem-processes-a-record-12-4m-transactions-in-a-day/
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Ethereum’s layer-2 scaling ecosystem has just reached a new daily transaction all-time high.
According to data from Growthepie, an Ethereum layer-2 block space analytics platform, aggregated daily transactions across the scaling ecosystem hit a record 12.42 million on Aug. 12.
Leon Waidmann, head of research at the Onchain Foundation, commented on the milestone in a…
https://cryptoinsight.ae/ethereum-l2-ecosystem-processes-a-record-12-4m-transactions-in-a-day/
Website | Twitter | LinkedIn | Telegram
DBS Bank launches blockchain-powered treasury tokens pilot
Multinational banking and financial services company DBS Bank collaborated with digital payment provider Ant International on a new blockchain-based treasury and liquidity management solution.
On Aug. 13, DBS Bank announced the pilot launch of DBS Treasury Tokens, which Ant International will use for instant and multicurrency treasury and liquidity management.
The new DBS Treasury Tokens…
https://cryptoinsight.ae/dbs-bank-launches-blockchain-powered-treasury-tokens-pilot/
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Multinational banking and financial services company DBS Bank collaborated with digital payment provider Ant International on a new blockchain-based treasury and liquidity management solution.
On Aug. 13, DBS Bank announced the pilot launch of DBS Treasury Tokens, which Ant International will use for instant and multicurrency treasury and liquidity management.
The new DBS Treasury Tokens…
https://cryptoinsight.ae/dbs-bank-launches-blockchain-powered-treasury-tokens-pilot/
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Canada needs to overhaul crypto regulations — Coinbase exec
Coinbase country director for Canada Lucas Matheson took the stage at the Blockchain Futurist Conference on Aug. 13 to discuss the state of Canadian digital asset regulation and promote the newly expanded Stand With Crypto initiative.
Matheson argued that although Canada’s regulatory framework is already robust, the country still needs to modernize crypto regulation.
The…
https://cryptoinsight.ae/canada-needs-to-overhaul-crypto-regulations-coinbase-exec/
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Coinbase country director for Canada Lucas Matheson took the stage at the Blockchain Futurist Conference on Aug. 13 to discuss the state of Canadian digital asset regulation and promote the newly expanded Stand With Crypto initiative.
Matheson argued that although Canada’s regulatory framework is already robust, the country still needs to modernize crypto regulation.
The…
https://cryptoinsight.ae/canada-needs-to-overhaul-crypto-regulations-coinbase-exec/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a -3.2% change in the last 24 hours
Bitcoin ~ $57,973.29 (-4.9%)
Ethereum ~ $2,622.33 (-4.5%)
Solana ~ $142.18 (-2.6%)
Polkadot ~ $4.39 (-3.1%)
Flow ~ $0.5448 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a -3.2% change in the last 24 hours
Bitcoin ~ $57,973.29 (-4.9%)
Ethereum ~ $2,622.33 (-4.5%)
Solana ~ $142.18 (-2.6%)
Polkadot ~ $4.39 (-3.1%)
Flow ~ $0.5448 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
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Brazil poised to launch world’s first spot Solana ETF ahead of global markets
The first Solana spot exchange-traded fund (ETF) could officially debut for trading on the Brazilian stock exchange, ahead of all the other global jurisdictions.
The first spot Solana ETF is currently awaiting approval by the Brazilian stock exchange, B3, after it was reportedly approved by Brazil’s Securities and Exchange Commission (CVM) on Aug. 7.
According…
https://cryptoinsight.ae/brazil-poised-to-launch-worlds-first-spot-solana-etf-ahead-of-global-markets/
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The first Solana spot exchange-traded fund (ETF) could officially debut for trading on the Brazilian stock exchange, ahead of all the other global jurisdictions.
The first spot Solana ETF is currently awaiting approval by the Brazilian stock exchange, B3, after it was reportedly approved by Brazil’s Securities and Exchange Commission (CVM) on Aug. 7.
According…
https://cryptoinsight.ae/brazil-poised-to-launch-worlds-first-spot-solana-etf-ahead-of-global-markets/
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MetaMask launches pilot self-custody debit card with Mastercard
Popular decentralized finance (DeFi) wallet MetaMask has partnered with Mastercard and digital payments company Baanx to launch a self-custody debit card pilot program for select users in the United Kingdom and the European Union, with plans to roll out the product in other regions over time.
The card allows users to self-custody their funds until…
https://cryptoinsight.ae/metamask-launches-pilot-self-custody-debit-card-with-mastercard/
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Popular decentralized finance (DeFi) wallet MetaMask has partnered with Mastercard and digital payments company Baanx to launch a self-custody debit card pilot program for select users in the United Kingdom and the European Union, with plans to roll out the product in other regions over time.
The card allows users to self-custody their funds until…
https://cryptoinsight.ae/metamask-launches-pilot-self-custody-debit-card-with-mastercard/
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DeFi rises again as Aave hits new ATH in weekly borrowers
Decentralized finance protocols appear to be showing signs of recovery, with lending and borrowing platform Aave hitting a new record in weekly active borrowers.
In a post on X on Aug. 14, Aave founder Stani Kulechov reported that the lending and borrowing protocol has reached around 40,000 active weekly borrowers, eclipsing the previous high in…
https://cryptoinsight.ae/defi-rises-again-as-aave-hits-new-ath-in-weekly-borrowers/
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Decentralized finance protocols appear to be showing signs of recovery, with lending and borrowing platform Aave hitting a new record in weekly active borrowers.
In a post on X on Aug. 14, Aave founder Stani Kulechov reported that the lending and borrowing protocol has reached around 40,000 active weekly borrowers, eclipsing the previous high in…
https://cryptoinsight.ae/defi-rises-again-as-aave-hits-new-ath-in-weekly-borrowers/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a -1.0% changee in the last 24 hours
Bitcoin ~ $58,264.15 (0.3%)
Ethereum ~ $2,606.51 (-0.8%)
Solana ~ $143.60 (-1.1%)
Polkadot ~ $4.33 (-1.5%)
Flow ~ $0.5352 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a -1.0% changee in the last 24 hours
Bitcoin ~ $58,264.15 (0.3%)
Ethereum ~ $2,606.51 (-0.8%)
Solana ~ $143.60 (-1.1%)
Polkadot ~ $4.33 (-1.5%)
Flow ~ $0.5352 (-1.7%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
First leveraged MicroStrategy ETF launches in US
The first Bitcoin-related leveraged exchange-traded fund (ETF) has debuted in the United States in another significant development for institutional crypto adoption.
The new leveraged MicroStrategy ETF, MSTX, seeks to provide 175% long daily targeted exposure to MicroStrategy.
The ETF could help offer more leveraged exposure to Bitcoin, according to Sylvia Jablonski, the CEO of Defiance…
https://cryptoinsight.ae/first-leveraged-microstrategy-etf-launches-in-us/
Website | Twitter | LinkedIn | Telegram
The first Bitcoin-related leveraged exchange-traded fund (ETF) has debuted in the United States in another significant development for institutional crypto adoption.
The new leveraged MicroStrategy ETF, MSTX, seeks to provide 175% long daily targeted exposure to MicroStrategy.
The ETF could help offer more leveraged exposure to Bitcoin, according to Sylvia Jablonski, the CEO of Defiance…
https://cryptoinsight.ae/first-leveraged-microstrategy-etf-launches-in-us/
Website | Twitter | LinkedIn | Telegram
EigenLayer TVL hits $12.9B, climbs 11% in one week — IntoTheBlock
As of Aug. 15, EigenLayer, a restaking platform built on Ethereum, has the leading position in the restaking ecosystem, with a total value locked (TVL) of $12.9 billion.
According to IntoTheBlock (ITB) data, EigenLayer TVL witnessed an 11% increase from $11.6 billion one week prior, indicating growth in the restaking sector.
Restaking involves users repurposing…
https://cryptoinsight.ae/eigenlayer-tvl-hits-12-9b-climbs-11-in-one-week-intotheblock/
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As of Aug. 15, EigenLayer, a restaking platform built on Ethereum, has the leading position in the restaking ecosystem, with a total value locked (TVL) of $12.9 billion.
According to IntoTheBlock (ITB) data, EigenLayer TVL witnessed an 11% increase from $11.6 billion one week prior, indicating growth in the restaking sector.
Restaking involves users repurposing…
https://cryptoinsight.ae/eigenlayer-tvl-hits-12-9b-climbs-11-in-one-week-intotheblock/
Website | Twitter | LinkedIn | Telegram
Bitcoin sidechain creators tout new ‘permissionless’ version BitVM2
The creators of the Bitcoin scaling solution Bitcoin Virtual Machine (BitVM) have floated the second iteration of their sidechain, dubbed “BitVM2,” and the BitVM Bridge, which they say now offers “major improvements” to the original system.
In an Aug. 15 post to X, BitVM co-founder Alexei Zamyatin shared an overview of a new whitepaper that…
https://cryptoinsight.ae/bitcoin-sidechain-creators-tout-new-permissionless-version-bitvm2/
Website | Twitter | LinkedIn | Telegram
The creators of the Bitcoin scaling solution Bitcoin Virtual Machine (BitVM) have floated the second iteration of their sidechain, dubbed “BitVM2,” and the BitVM Bridge, which they say now offers “major improvements” to the original system.
In an Aug. 15 post to X, BitVM co-founder Alexei Zamyatin shared an overview of a new whitepaper that…
https://cryptoinsight.ae/bitcoin-sidechain-creators-tout-new-permissionless-version-bitvm2/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.17 Trillion, a 0.0% change in the last 24 hours
Bitcoin ~ $59,187.31 (1.6%)
Ethereum ~ $2,600.60 (-0.2%)
Solana ~ $139.41 (-2.9%)
Polkadot ~ $4.31 (-0.4%)
Flow ~ $0.5251 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.17 Trillion, a 0.0% change in the last 24 hours
Bitcoin ~ $59,187.31 (1.6%)
Ethereum ~ $2,600.60 (-0.2%)
Solana ~ $139.41 (-2.9%)
Polkadot ~ $4.31 (-0.4%)
Flow ~ $0.5251 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.18 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $59,621.56 (0.7%)
Ethereum ~ $2,607.86 (0.3%)
Solana ~ $141.67 (1.6%)
Polkadot ~ $4.37 (1.3%)
Flow ~ $0.5305 (1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.18 Trillion, a -0.2% change in the last 24 hours
Bitcoin ~ $59,621.56 (0.7%)
Ethereum ~ $2,607.86 (0.3%)
Solana ~ $141.67 (1.6%)
Polkadot ~ $4.37 (1.3%)
Flow ~ $0.5305 (1.0%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
World’s largest sovereign wealth fund Bitcoin exposure not ‘intentional’
An analyst has claimed that the Norwegian sovereign wealth fund’s significant increase in indirect Bitcoin exposure, now valued at over $144 million, may not have been a deliberate strategy.
“The growth likely originates from pre-determined algo-based sector weighting and risk diversification, it’s unlikely to stem from an intentional choice to amass exposure,” K33 Research senior…
https://cryptoinsight.ae/worlds-largest-sovereign-wealth-fund-bitcoin-exposure-not-intentional/
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An analyst has claimed that the Norwegian sovereign wealth fund’s significant increase in indirect Bitcoin exposure, now valued at over $144 million, may not have been a deliberate strategy.
“The growth likely originates from pre-determined algo-based sector weighting and risk diversification, it’s unlikely to stem from an intentional choice to amass exposure,” K33 Research senior…
https://cryptoinsight.ae/worlds-largest-sovereign-wealth-fund-bitcoin-exposure-not-intentional/
Website | Twitter | LinkedIn | Telegram
Adviser holdings in Bitcoin ETFs rise, hedge fund stakes dip — Coinbase
Investment advisers have ramped up their stakes in spot Bitcoin exchange-traded funds (ETFs) during the second quarter of 2024, while hedge fund holdings have seen a slight decline, according to cryptocurrency exchange Coinbase.
It is likely that the rate of investment advisers holding spot Bitcoin ETFs is only going to increase further as “more brokerage…
https://cryptoinsight.ae/adviser-holdings-in-bitcoin-etfs-rise-hedge-fund-stakes-dip-coinbase/
Website | Twitter | LinkedIn | Telegram
Investment advisers have ramped up their stakes in spot Bitcoin exchange-traded funds (ETFs) during the second quarter of 2024, while hedge fund holdings have seen a slight decline, according to cryptocurrency exchange Coinbase.
It is likely that the rate of investment advisers holding spot Bitcoin ETFs is only going to increase further as “more brokerage…
https://cryptoinsight.ae/adviser-holdings-in-bitcoin-etfs-rise-hedge-fund-stakes-dip-coinbase/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $58,523.21 (-1.8%)
Ethereum ~ $2,624.80 (0.7%)
Solana ~ $142.26 (0.5%)
Polkadot ~ $4.40 (0.7%)
Flow ~ $0.5207 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.16 Trillion, a -1.8% change in the last 24 hours
Bitcoin ~ $58,523.21 (-1.8%)
Ethereum ~ $2,624.80 (0.7%)
Solana ~ $142.26 (0.5%)
Polkadot ~ $4.40 (0.7%)
Flow ~ $0.5207 (-1.9%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Coinbase, KuCoin, others file crypto license applications in Turkey
The Turkish cryptocurrency landscape is experiencing a major transformation as prominent companies like Coinbase and KuCoin compete to obtain business licenses in the country.
This surge in applications follows regulatory updates by the Turkish Capital Markets Board (CMB), marking a critical juncture for the nation’s burgeoning crypto sector.
A growing list of applicants
On Aug.…
https://cryptoinsight.ae/coinbase-kucoin-others-file-crypto-license-applications-in-turkey/
Website | Twitter | LinkedIn | Telegram
The Turkish cryptocurrency landscape is experiencing a major transformation as prominent companies like Coinbase and KuCoin compete to obtain business licenses in the country.
This surge in applications follows regulatory updates by the Turkish Capital Markets Board (CMB), marking a critical juncture for the nation’s burgeoning crypto sector.
A growing list of applicants
On Aug.…
https://cryptoinsight.ae/coinbase-kucoin-others-file-crypto-license-applications-in-turkey/
Website | Twitter | LinkedIn | Telegram
Nigeria’s tax watchdog proposes comprehensive crypto bill
Nigeria’s tax authority, the Federal Inland Revenue Service (FIRS), plans to seek the National Assembly’s support for a comprehensive new law to regulate cryptocurrency in the country.
According to local news, FIRS Executive Chairman Zacch Adedeji made the announcement during a recent stakeholder engagement session with the National Assembly’s Finance Committees. The proposed legislation, which…
https://cryptoinsight.ae/nigerias-tax-watchdog-proposes-comprehensive-crypto-bill/
Website | Twitter | LinkedIn | Telegram
Nigeria’s tax authority, the Federal Inland Revenue Service (FIRS), plans to seek the National Assembly’s support for a comprehensive new law to regulate cryptocurrency in the country.
According to local news, FIRS Executive Chairman Zacch Adedeji made the announcement during a recent stakeholder engagement session with the National Assembly’s Finance Committees. The proposed legislation, which…
https://cryptoinsight.ae/nigerias-tax-watchdog-proposes-comprehensive-crypto-bill/
Website | Twitter | LinkedIn | Telegram
Vitalik registers defensive accelerationism (d/acc) ENS domain, so what is it?
Ethereum co-founder Vitalik Buterin has picked up a new Ethereum domain name to specifically reference “defensive accelerationism.”
On Aug. 18, Vitalik Buterin registered for the Ethereum Name Service (ENS) domain name “dacc.eth,” for 0.187 ETH (just under $500).
It comes just days before Buterin is set to discuss “defensive accelerationism” (d/acc) at an X Spaces…
https://cryptoinsight.ae/vitalik-registers-defensive-accelerationism-d-acc-ens-domain-so-what-is-it/
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Ethereum co-founder Vitalik Buterin has picked up a new Ethereum domain name to specifically reference “defensive accelerationism.”
On Aug. 18, Vitalik Buterin registered for the Ethereum Name Service (ENS) domain name “dacc.eth,” for 0.187 ETH (just under $500).
It comes just days before Buterin is set to discuss “defensive accelerationism” (d/acc) at an X Spaces…
https://cryptoinsight.ae/vitalik-registers-defensive-accelerationism-d-acc-ens-domain-so-what-is-it/
Website | Twitter | LinkedIn | Telegram