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/
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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/
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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/
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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%)
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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
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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
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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
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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/
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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/
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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/
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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
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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
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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/
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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/
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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/
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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/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 2.9% change in the last 24 hours
Bitcoin ~ $60,996.15 (4.2%)
Ethereum ~ $2,679.09 (2.1%)
Solana ~ $147.08 (3.2%)
Polkadot ~ $4.57 (3.9%)
Flow ~ $0.5503 (5.7%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 2.9% change in the last 24 hours
Bitcoin ~ $60,996.15 (4.2%)
Ethereum ~ $2,679.09 (2.1%)
Solana ~ $147.08 (3.2%)
Polkadot ~ $4.57 (3.9%)
Flow ~ $0.5503 (5.7%)
Follow and subscribe - @GulfCryptoInsight
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US mulls applying fiat reporting mandate on crypto transfers
Top federal agencies in the United States are teaming up to revise the meaning of “money” to tighten reporting requirements on financial institutions for domestic and cross-border cryptocurrency transactions.
The US Department of the Treasury issued a semiannual regulatory agenda on Aug. 16, revealing an upcoming federal attempt to level the regulatory playing field for…
https://cryptoinsight.ae/us-mulls-applying-fiat-reporting-mandate-on-crypto-transfers/
Website | Twitter | LinkedIn | Telegram
Top federal agencies in the United States are teaming up to revise the meaning of “money” to tighten reporting requirements on financial institutions for domestic and cross-border cryptocurrency transactions.
The US Department of the Treasury issued a semiannual regulatory agenda on Aug. 16, revealing an upcoming federal attempt to level the regulatory playing field for…
https://cryptoinsight.ae/us-mulls-applying-fiat-reporting-mandate-on-crypto-transfers/
Website | Twitter | LinkedIn | Telegram
Gate.io to launch $100M innovation fund with the Blockchain Center in Abu Dhabi
Gate.io’s venture capital arm, Gate Ventures, has teamed up with the Blockchain Center in Abu Dhabi to announce a $100-million fund dedicated to driving innovation for Web3.
On Aug. 19, Gate.io unveiled Falcon Gate Ventures, the joint venture supporting Web3 builders. The exchange’s venture arm said the fund is designed to “advance decentralized infrastructure and…
https://cryptoinsight.ae/gate-io-to-launch-100m-innovation-fund-with-the-blockchain-center-in-abu-dhabi/
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Gate.io’s venture capital arm, Gate Ventures, has teamed up with the Blockchain Center in Abu Dhabi to announce a $100-million fund dedicated to driving innovation for Web3.
On Aug. 19, Gate.io unveiled Falcon Gate Ventures, the joint venture supporting Web3 builders. The exchange’s venture arm said the fund is designed to “advance decentralized infrastructure and…
https://cryptoinsight.ae/gate-io-to-launch-100m-innovation-fund-with-the-blockchain-center-in-abu-dhabi/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.2 Trillion, a -2.9% change in the last 24 hours
Bitcoin ~ $59,658.18 (-2.3%)
Ethereum ~ $2,604.60 (-2.9%)
Solana ~ $143.72 (-2.4%)
Polkadot ~ $4.61 (0.7%)
Flow ~ $0.5475 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.2 Trillion, a -2.9% change in the last 24 hours
Bitcoin ~ $59,658.18 (-2.3%)
Ethereum ~ $2,604.60 (-2.9%)
Solana ~ $143.72 (-2.4%)
Polkadot ~ $4.61 (0.7%)
Flow ~ $0.5475 (-0.6%)
Follow and subscribe - @GulfCryptoInsight
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Tether mints another $1B USDT on Tron network
Stablecoin issuer Tether has minted another 1 billion USDT tokens on the Tron network, bringing the total USDT minted in the last year to $33 billion.
On Aug. 20, blockchain data showed that Tether minted $1 billion of its Tether tokens on the Tron network and sent them to its treasury wallet. According to the…
https://cryptoinsight.ae/tether-mints-another-1b-usdt-on-tron-network/
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Stablecoin issuer Tether has minted another 1 billion USDT tokens on the Tron network, bringing the total USDT minted in the last year to $33 billion.
On Aug. 20, blockchain data showed that Tether minted $1 billion of its Tether tokens on the Tron network and sent them to its treasury wallet. According to the…
https://cryptoinsight.ae/tether-mints-another-1b-usdt-on-tron-network/
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Private transactions now dominate Ethereum order flow: Report
Private transactions now dominate Ethereum’s order flow as users seek to protect trades from frontrunners, according to an Aug. 20 report from Blocknative.
While private order flow still only comprises approximately 30% of Ethereum transactions, it consumes more than half of all gas used on the network, Blocknative said. This shift creates “new centralization vectors…
https://cryptoinsight.ae/private-transactions-now-dominate-ethereum-order-flow-report/
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Private transactions now dominate Ethereum’s order flow as users seek to protect trades from frontrunners, according to an Aug. 20 report from Blocknative.
While private order flow still only comprises approximately 30% of Ethereum transactions, it consumes more than half of all gas used on the network, Blocknative said. This shift creates “new centralization vectors…
https://cryptoinsight.ae/private-transactions-now-dominate-ethereum-order-flow-report/
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Starknet set for first mainnet staking vote: What STRK holders need to know
Starknet, a decentralized layer-2 scaling solution built on Ethereum, is set to conduct its first-ever staking vote on the mainnet for native STRK tokenholders.
The vote, set to take place in September, would introduce a staking mechanism to the network, designed to further decentralize and improve network functionalities.
Although the exact date of the staking…
https://cryptoinsight.ae/starknet-set-for-first-mainnet-staking-vote-what-strk-holders-need-to-know/
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Starknet, a decentralized layer-2 scaling solution built on Ethereum, is set to conduct its first-ever staking vote on the mainnet for native STRK tokenholders.
The vote, set to take place in September, would introduce a staking mechanism to the network, designed to further decentralize and improve network functionalities.
Although the exact date of the staking…
https://cryptoinsight.ae/starknet-set-for-first-mainnet-staking-vote-what-strk-holders-need-to-know/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 0.9% change in the last 24 hours
Bitcoin ~ $60,774.16 (1.7%)
Ethereum ~ $2,622.94 (0.7%)
Solana ~ $142.30 (-1.0%)
Polkadot ~ $4.66 (0.9%)
Flow ~ $0.5709 (4.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.24 Trillion, a 0.9% change in the last 24 hours
Bitcoin ~ $60,774.16 (1.7%)
Ethereum ~ $2,622.94 (0.7%)
Solana ~ $142.30 (-1.0%)
Polkadot ~ $4.66 (0.9%)
Flow ~ $0.5709 (4.2%)
Follow and subscribe - @GulfCryptoInsight
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BlackRock’s iShares Ethereum Trust approaches $1B in net inflows — Morningstar
BlackRock’s Ether exchange-traded fund (ETF) has reached approximately $1 billion in net inflows, underscoring its lead among rival ETF ETFs, according to data from fund researcher Morningstar shared with Cointelegraph.
According to Morningstar, the iShares Ethereum Trust (ETHA) has pulled in $992 million in net inflows, putting the fund on track to surpass the $1-billion…
https://cryptoinsight.ae/blackrocks-ishares-ethereum-trust-approaches-1b-in-net-inflows-morningstar/
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BlackRock’s Ether exchange-traded fund (ETF) has reached approximately $1 billion in net inflows, underscoring its lead among rival ETF ETFs, according to data from fund researcher Morningstar shared with Cointelegraph.
According to Morningstar, the iShares Ethereum Trust (ETHA) has pulled in $992 million in net inflows, putting the fund on track to surpass the $1-billion…
https://cryptoinsight.ae/blackrocks-ishares-ethereum-trust-approaches-1b-in-net-inflows-morningstar/
Website | Twitter | LinkedIn | Telegram
El Salvador launches Bitcoin certifications for civil servants
The National Bitcoin Office (ONBTC) of El Salvador will train and provide Bitcoin instruction and certifications to 80,000 government employees.
The Bitcoin-friendly Central American nation has launched a training program for public servants to impart knowledge about the strategic management and public policies around Bitcoin.
The 160-hour virtual and asynchronous training session — Certification in…
https://cryptoinsight.ae/el-salvador-launches-bitcoin-certifications-for-civil-servants/
Website | Twitter | LinkedIn | Telegram
The National Bitcoin Office (ONBTC) of El Salvador will train and provide Bitcoin instruction and certifications to 80,000 government employees.
The Bitcoin-friendly Central American nation has launched a training program for public servants to impart knowledge about the strategic management and public policies around Bitcoin.
The 160-hour virtual and asynchronous training session — Certification in…
https://cryptoinsight.ae/el-salvador-launches-bitcoin-certifications-for-civil-servants/
Website | Twitter | LinkedIn | Telegram