Hello there!
Day started from:
The global cryptocurrency market cap today is $2.43 Trillion, a -5.5% change in the last 24 hours
Bitcoin ~ $69,328.98 (-4.1%)
Ethereum ~ $2,500.91 (-5.6%)
Solana ~ $165.80 (-5.3%)
Polkadot ~ $3.91 (-5.9%)
Flow ~ $0.506 (-5.6%)
Follow and subscribe - @GulfCryptoInsight
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Day started from:
The global cryptocurrency market cap today is $2.43 Trillion, a -5.5% change in the last 24 hours
Bitcoin ~ $69,328.98 (-4.1%)
Ethereum ~ $2,500.91 (-5.6%)
Solana ~ $165.80 (-5.3%)
Polkadot ~ $3.91 (-5.9%)
Flow ~ $0.506 (-5.6%)
Follow and subscribe - @GulfCryptoInsight
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Ethereum reclaims 42% outflows from Solana — DeFi Report
While Solana has received inflows from other blockchains, a large portion of that value made it back to Ethereum, according to Michael Nadeau, founder of The DeFi Report.
In an X post, Nadeau said that Solana needs to pull total value locked (TVL) from Ethereum and layer-2 networks. He wrote:
“[…] But the only thing…
https://cryptoinsight.ae/ethereum-reclaims-42-outflows-from-solana-defi-report/
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While Solana has received inflows from other blockchains, a large portion of that value made it back to Ethereum, according to Michael Nadeau, founder of The DeFi Report.
In an X post, Nadeau said that Solana needs to pull total value locked (TVL) from Ethereum and layer-2 networks. He wrote:
“[…] But the only thing…
https://cryptoinsight.ae/ethereum-reclaims-42-outflows-from-solana-defi-report/
Website | Twitter | LinkedIn | Telegram
Binance founder CZ sees positive shift in crypto regulation worldwide
Changpeng “CZ” Zhao, the co-founder and former CEO of Binance, is optimistic about the future of global crypto regulations ahead of the upcoming United States presidential election.
Cryptocurrency regulations are heading in a promising direction worldwide, Zhao said during his first public speech since his release from prison in the US.
During an Oct. 31…
https://cryptoinsight.ae/binance-founder-cz-sees-positive-shift-in-crypto-regulation-worldwide/
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Changpeng “CZ” Zhao, the co-founder and former CEO of Binance, is optimistic about the future of global crypto regulations ahead of the upcoming United States presidential election.
Cryptocurrency regulations are heading in a promising direction worldwide, Zhao said during his first public speech since his release from prison in the US.
During an Oct. 31…
https://cryptoinsight.ae/binance-founder-cz-sees-positive-shift-in-crypto-regulation-worldwide/
Website | Twitter | LinkedIn | Telegram
Coinbase sees largest single-day decline in 2 years amid stock market wipeout
Shares in crypto exchange Coinbase Global Inc (COIN) have experienced its largest significant single-day decline in over two years after its latest earnings missed analyst estimates alongside a stock market plummet.
However, traders are confident that the stock will make a strong comeback in 2025.
On Oct. 31, COIN closed the trading day at $179.25,…
https://cryptoinsight.ae/coinbase-sees-largest-single-day-decline-in-2-years-amid-stock-market-wipeout/
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Shares in crypto exchange Coinbase Global Inc (COIN) have experienced its largest significant single-day decline in over two years after its latest earnings missed analyst estimates alongside a stock market plummet.
However, traders are confident that the stock will make a strong comeback in 2025.
On Oct. 31, COIN closed the trading day at $179.25,…
https://cryptoinsight.ae/coinbase-sees-largest-single-day-decline-in-2-years-amid-stock-market-wipeout/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.44 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $69,558.20 (0.3%)
Ethereum ~ $2,505.99 (0.2%)
Solana ~ $166.31 (0.4%)
Polkadot ~ $3.93 (0.2%)
Flow ~ $0.5098 (0.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.44 Trillion, a -1.5% change in the last 24 hours
Bitcoin ~ $69,558.20 (0.3%)
Ethereum ~ $2,505.99 (0.2%)
Solana ~ $166.31 (0.4%)
Polkadot ~ $3.93 (0.2%)
Flow ~ $0.5098 (0.8%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Intent-based trading: A fad or the future of DeFi?
Let’s be honest — DeFi is still pretty confusing for the masses.
Navigating multiple platforms, understanding complex protocols, and managing assets across blockchains can be overwhelming. This raises an important question: Is there a way to simplify the decentralized finance (DeFi) experience without sacrificing its core advantages?
Well, there is a way for users to…
https://cryptoinsight.ae/intent-based-trading-a-fad-or-the-future-of-defi/
Website | Twitter | LinkedIn | Telegram
Let’s be honest — DeFi is still pretty confusing for the masses.
Navigating multiple platforms, understanding complex protocols, and managing assets across blockchains can be overwhelming. This raises an important question: Is there a way to simplify the decentralized finance (DeFi) experience without sacrificing its core advantages?
Well, there is a way for users to…
https://cryptoinsight.ae/intent-based-trading-a-fad-or-the-future-of-defi/
Website | Twitter | LinkedIn | Telegram
Tether to launch dirham-pegged stablecoin on TON
Stablecoin issuer Tether has announced that its United Arab Emirates dirham-pegged stablecoin will be launched on The Open Network (TON) blockchain.
At the TON Gateway event held in Dubai, Alessandro Giori, Tether’s senior strategic partnership manager, announced that its dirham stablecoins, announced earlier this year, will be launched on the TON blockchain.
On Aug. 21,…
https://cryptoinsight.ae/tether-to-launch-dirham-pegged-stablecoin-on-ton/
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Stablecoin issuer Tether has announced that its United Arab Emirates dirham-pegged stablecoin will be launched on The Open Network (TON) blockchain.
At the TON Gateway event held in Dubai, Alessandro Giori, Tether’s senior strategic partnership manager, announced that its dirham stablecoins, announced earlier this year, will be launched on the TON blockchain.
On Aug. 21,…
https://cryptoinsight.ae/tether-to-launch-dirham-pegged-stablecoin-on-ton/
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Turkish investors prefer crypto over real estate and stocks — Survey
A recent survey by the cryptocurrency exchange Paribu reveals that some investors in Turkey now prefer cryptocurrencies over traditional investment options like real estate and stocks.
The “2024 Cryptocurrency Awareness and Perception Survey” survey aimed to highlight developments in Turkey’s crypto ecosystem. It included 2,002 interviews with individuals familiar with cryptocurrency and 541 interviews with…
https://cryptoinsight.ae/turkish-investors-prefer-crypto-over-real-estate-and-stocks-survey/
Website | Twitter | LinkedIn | Telegram
A recent survey by the cryptocurrency exchange Paribu reveals that some investors in Turkey now prefer cryptocurrencies over traditional investment options like real estate and stocks.
The “2024 Cryptocurrency Awareness and Perception Survey” survey aimed to highlight developments in Turkey’s crypto ecosystem. It included 2,002 interviews with individuals familiar with cryptocurrency and 541 interviews with…
https://cryptoinsight.ae/turkish-investors-prefer-crypto-over-real-estate-and-stocks-survey/
Website | Twitter | LinkedIn | Telegram
Stablecoin supply alone won’t pump Bitcoin markets — Ki Young Ju
As Bitcoin hovers around the $70,000 price level, investors and analysts debate the specific catalysts that will send markets higher. CryptoQuant founder and CEO Ki Young Ju recently explained that while stablecoin supply continues to grow, this added volume is not high enough to create significant buy-side liquidity and drive BTC prices higher.
The CryptoQuant…
https://cryptoinsight.ae/stablecoin-supply-alone-wont-pump-bitcoin-markets-ki-young-ju/
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As Bitcoin hovers around the $70,000 price level, investors and analysts debate the specific catalysts that will send markets higher. CryptoQuant founder and CEO Ki Young Ju recently explained that while stablecoin supply continues to grow, this added volume is not high enough to create significant buy-side liquidity and drive BTC prices higher.
The CryptoQuant…
https://cryptoinsight.ae/stablecoin-supply-alone-wont-pump-bitcoin-markets-ki-young-ju/
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Macro factors in Canada and US good for Bitcoin’s price — WonderFi CEO
Bitcoin recently hit an all-time high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of WonderFi — a digital financial services company — believes interest rate cuts in Canada and the United States, as well as the upcoming 2024 US Presidential election, will continue to drive the price of Bitcoin higher between the…
https://cryptoinsight.ae/macro-factors-in-canada-and-us-good-for-bitcoins-price-wonderfi-ceo/
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Bitcoin recently hit an all-time high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of WonderFi — a digital financial services company — believes interest rate cuts in Canada and the United States, as well as the upcoming 2024 US Presidential election, will continue to drive the price of Bitcoin higher between the…
https://cryptoinsight.ae/macro-factors-in-canada-and-us-good-for-bitcoins-price-wonderfi-ceo/
Website | Twitter | LinkedIn | Telegram
NFT sales surge 18% as all-time volume on Solana nears $6B
Non-fungible tokens (NFTs) broke their seven-month downward trend in October as digital collectibles recorded an 18% increase in volume.
Since recording a monthly volume of $1.6 billion in March, its highest in 2024, NFT volumes have been on a downward trajectory.
It continued through September when NFTs reached their lowest monthly volume since 2021.
NFTs…
https://cryptoinsight.ae/nft-sales-surge-18-as-all-time-volume-on-solana-nears-6b/
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Non-fungible tokens (NFTs) broke their seven-month downward trend in October as digital collectibles recorded an 18% increase in volume.
Since recording a monthly volume of $1.6 billion in March, its highest in 2024, NFT volumes have been on a downward trajectory.
It continued through September when NFTs reached their lowest monthly volume since 2021.
NFTs…
https://cryptoinsight.ae/nft-sales-surge-18-as-all-time-volume-on-solana-nears-6b/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.4 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $69,013.37 (0.8%)
Ethereum ~ $2,472.26 (0.9%)
Solana ~ $162.10 (-0.1%)
Polkadot ~ $3.79 (-0.5%)
Flow ~ $0.484 (-2.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.4 Trillion, a -1.1% change in the last 24 hours
Bitcoin ~ $69,013.37 (0.8%)
Ethereum ~ $2,472.26 (0.9%)
Solana ~ $162.10 (-0.1%)
Polkadot ~ $3.79 (-0.5%)
Flow ~ $0.484 (-2.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Crypto projects set to unlock $2.6B in tokens in November
Locked digital assets worth $2.68 billion will hit the market in November as vesting periods for blockchain-based projects expire.
According to vesting data tracker Tokenomist (formerly Token Unlocks), $2.68 billion in crypto assets will be unlocked in November. Over $900 million in tokens will be unlocked on a cliff basis, while about $1.7 billion will…
https://cryptoinsight.ae/crypto-projects-set-to-unlock-2-6b-in-tokens-in-november/
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Locked digital assets worth $2.68 billion will hit the market in November as vesting periods for blockchain-based projects expire.
According to vesting data tracker Tokenomist (formerly Token Unlocks), $2.68 billion in crypto assets will be unlocked in November. Over $900 million in tokens will be unlocked on a cliff basis, while about $1.7 billion will…
https://cryptoinsight.ae/crypto-projects-set-to-unlock-2-6b-in-tokens-in-november/
Website | Twitter | LinkedIn | Telegram
Ethereum is like ‘Amazon in the 1990s’ — 21Shares
Wall Street investors are still largely unaware of Ethereum’s potential, similar to Amazon in the early 1990s before it became a $2 trillion tech giant, according to a research analyst at crypto asset manager 21Shares.
Spot Ether exchange-traded funds launched in July but have seen relatively small inflows compared with spot Bitcoin ETFs.
Leena ElDeeb,…
https://cryptoinsight.ae/ethereum-is-like-amazon-in-the-1990s-21shares/
Website | Twitter | LinkedIn | Telegram
Wall Street investors are still largely unaware of Ethereum’s potential, similar to Amazon in the early 1990s before it became a $2 trillion tech giant, according to a research analyst at crypto asset manager 21Shares.
Spot Ether exchange-traded funds launched in July but have seen relatively small inflows compared with spot Bitcoin ETFs.
Leena ElDeeb,…
https://cryptoinsight.ae/ethereum-is-like-amazon-in-the-1990s-21shares/
Website | Twitter | LinkedIn | Telegram
Binance co-founder clarifies asset listing policies, dispels FUD
Following claims from the CEO of Moonrock Capital — a crypto-native advisory and investment firm — that Binance demanded 15% of an unnamed prospective project’s total token supply to secure a listing on the centralized exchange, Binance co-founder Yi He responded by denying the claims and clarifying Binance’s listing policies.
According to Binance’s co-founder, the…
https://cryptoinsight.ae/binance-co-founder-clarifies-asset-listing-policies-dispels-fud/
Website | Twitter | LinkedIn | Telegram
Following claims from the CEO of Moonrock Capital — a crypto-native advisory and investment firm — that Binance demanded 15% of an unnamed prospective project’s total token supply to secure a listing on the centralized exchange, Binance co-founder Yi He responded by denying the claims and clarifying Binance’s listing policies.
According to Binance’s co-founder, the…
https://cryptoinsight.ae/binance-co-founder-clarifies-asset-listing-policies-dispels-fud/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.39 Trillion, a -2.1% change in the last 24 hours
Bitcoin ~ $68,619.23 (-0.6%)
Ethereum ~ $2,427.34 (-1.8%)
Solana ~ $160.32 (-1.1%)
Polkadot ~ $3.81 (0.7%)
Flow ~ $0.4845 (0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.39 Trillion, a -2.1% change in the last 24 hours
Bitcoin ~ $68,619.23 (-0.6%)
Ethereum ~ $2,427.34 (-1.8%)
Solana ~ $160.32 (-1.1%)
Polkadot ~ $3.81 (0.7%)
Flow ~ $0.4845 (0.1%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Curve Finance, TON drive DeFi evolution with partnerships
The approaching new year will be the year of decentralized finance (DeFi) on The Open Network (TON) blockchain, developer TON Foundation has declared. Decentralized exchange Curve Finance joined in to start the process, and TON and Curve held a competition for DeFi teams to develop stable asset swaps using Curve Finance’s proprietary technology.
Getting the…
https://cryptoinsight.ae/curve-finance-ton-drive-defi-evolution-with-partnerships/
Website | Twitter | LinkedIn | Telegram
The approaching new year will be the year of decentralized finance (DeFi) on The Open Network (TON) blockchain, developer TON Foundation has declared. Decentralized exchange Curve Finance joined in to start the process, and TON and Curve held a competition for DeFi teams to develop stable asset swaps using Curve Finance’s proprietary technology.
Getting the…
https://cryptoinsight.ae/curve-finance-ton-drive-defi-evolution-with-partnerships/
Website | Twitter | LinkedIn | Telegram
Internet Computer cross-chain protocol usage up 13x amid Bitcoin DeFi boom
Internet Computer’s cross-chain messaging protocol, Chain Fusion, has seen usage spike 1,230% year-over-year, largely from Bitcoin-native applications, according to a Nov. 4 report by developer The Dfinity Foundation.
Bitcoin apps, including Rainbow Protocol, Tap Protocol and Bitfinity, are using Internet Computer to deploy smart contracts and other complex programs on the Bitcoin network, Dfinity said.…
https://cryptoinsight.ae/internet-computer-cross-chain-protocol-usage-up-13x-amid-bitcoin-defi-boom/
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Internet Computer’s cross-chain messaging protocol, Chain Fusion, has seen usage spike 1,230% year-over-year, largely from Bitcoin-native applications, according to a Nov. 4 report by developer The Dfinity Foundation.
Bitcoin apps, including Rainbow Protocol, Tap Protocol and Bitfinity, are using Internet Computer to deploy smart contracts and other complex programs on the Bitcoin network, Dfinity said.…
https://cryptoinsight.ae/internet-computer-cross-chain-protocol-usage-up-13x-amid-bitcoin-defi-boom/
Website | Twitter | LinkedIn | Telegram
Robinhood, Kraken, Paxos launch Global Dollar stablecoin network
A swathe of traditional finance and crypto companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, have formed a consortium supporting the latest stablecoin pegged to the United States dollar.
In a Nov. 5 statement, blockchain infrastructure firm Paxos shared that the new “open network” was designed to accelerate the adoption and use of stablecoins worldwide.…
https://cryptoinsight.ae/robinhood-kraken-paxos-launch-global-dollar-stablecoin-network/
Website | Twitter | LinkedIn | Telegram
A swathe of traditional finance and crypto companies, including Robinhood, Galaxy Digital, Kraken, and Paxos, have formed a consortium supporting the latest stablecoin pegged to the United States dollar.
In a Nov. 5 statement, blockchain infrastructure firm Paxos shared that the new “open network” was designed to accelerate the adoption and use of stablecoins worldwide.…
https://cryptoinsight.ae/robinhood-kraken-paxos-launch-global-dollar-stablecoin-network/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $2.59 Trillion, a 6.8% change in the last 24 hours
Bitcoin ~ $75,167.51 (9.7%)
Ethereum ~ $2,612.36 (7.8%)
Solana ~ $187.37 (16.9%)
Polkadot ~ $4.09 (7.4%)
Flow ~ $0.5346 (10.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $2.59 Trillion, a 6.8% change in the last 24 hours
Bitcoin ~ $75,167.51 (9.7%)
Ethereum ~ $2,612.36 (7.8%)
Solana ~ $187.37 (16.9%)
Polkadot ~ $4.09 (7.4%)
Flow ~ $0.5346 (10.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram