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🇦🇪 The UAE is on the way to a single crypto regulation.
SCA (UAE financial regulator) and Dubai crypto agency VARA signed a strategic agreement.
The goal is to unify cryptocurrency regulation throughout the country.
🔹 Now the license obtained in Dubai can be recognized in other emirates, but not automatically. Each company must pass the inspection (AML, availability, compliance).
🔹 This makes it easier to enter the UAE market: less bureaucracy, faster launch, uniform rules.
🔹 A committee has been established to review legislation - the UAE strives for global regulatory standards.
🔹 Coordination with ADGM and other regulators is underway - the course is for national synchronization and international cooperation.
@Сryptoz ₿
🟢 SoSoValue: The INFLOW of money to spot Bitcoin ETFs has resumed, +$91,550,000 for yesterday.
@Сryptoz ₿
🤯 Coinglass: The whale on the HTX exchange liquidated a SHORT position of $34.28m with one order (in the ETH/USDT pair)...
@Сryptoz ₿
🔝 Tokens #TROLL, #TOWNS, #LTC, #XLM, #USDC and #FTX are now in the top of discussions on social networks - Santiment
@Сryptoz ₿
#scam #breaking #aave
🚫 Aave SCAM site detected in Google’s advertising unit - PeckShieldAlert
Phishing ads are designed to empty crypto wallets - malware is usually introduced into such fake sites.
@Сryptoz ₿
💸 Parataxis will create a BTC reserve of $640,000,000 - release
Parataxis Holdings merges with SPAC company SilverBox IV to enter the stock market under the ticker PRTX and implement the strategy of «BTC-treasury».
Target markets are the USA and South Korea. In Korea, the project is supported by Bridge Biotherapeutics.
Parataxis Holdings is an investment company specializing in digital assets and capital management strategies with a focus on Bitcoin.
@Сryptoz ₿
🇺🇸🇷🇺 Donald Trump: Steve Whitkoff held a very productive meeting with the President of Russia. Significant progress has been made!
White House: Secondary sanctions against Russia are expected to be imposed on Friday.
@Сryptoz ₿
🇨🇳 Can the ban on cryptocurrency be lifted in China? (FT)
➤ China has started testing stablecoins provided by yuan - a tool to strengthen control over the movement of capital within the country.
➤ Now pilot projects are focused on large investors and companies.
➤ China plans to allow the launch of its first stablecoins in Hong Kong in an attempt to internationalize the yuan and compete with the dollar
➤ However, regulators fear that stablecoins may become a loophole for circumventing currency restrictions and accelerating the outflow of capital from China.
➤ The main risk is non-transparent transactions/money laundering. The Chinese government will carefully study digital assets before deciding on mass adoption.
@Сryptoz ₿
🥰 #ETH Pharmaceutical company Cosmos Health attracts $300,000,000 to buy ETH in its reserves - release
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#onchain #records
🎯 CryptoQuant: Weekly inflow of altcoins to the Binance exchange - a maximum of 18 months.
@Сryptoz ₿
🐰 #CAKE PancakeSwap launched futures trading on Apple, Amazon and Tesla shares - blog
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🔽 SoSoValue: The outflow of money from spot Bitcoin ETFs continues, -$196,180,000 for yesterday.
@Сryptoz ₿
#pendle #arb
🧐 Pendle launched the Boros platform in the Arbitrum network.
Now traders can speculate on BTC and ETH financing rates, like on Binance, but in a decentralized format.
@Сryptoz ₿
🔞 FAIL: Another poor man lost $3,000,000 by signing a phishing transaction.
@Сryptoz ₿
🇨🇳 The Ministry of State Security of China issued a warning: the collection of biometrics is a threat not only to privacy, but also to national security.
An example is a foreign project that scans the irises allegedly for the distribution of tokens.
It’s almost certainly about Worldcoin - they give out #WLD for scanning the eye in special Orb devices.
What is the risk?
➤ The iris is like a fingerprint: it is unique for each person.
➤ If this data is leaked, it cannot be «changed» like a regular password - it’s forever.
➤ Such data can be used to fake identity, hack biometric systems and even espionage.
The authorities urge not to submit biometrics unless absolutely necessary and to report suspicious initiatives
There are already precedents: Worldcoin is under investigation in France, Germany and Kenya.
@Сryptoz ₿
🇰🇷 BDACS launches custodial services for #XRP in South Korea.
The regulated cryptocustodian opened access to XRP for institutionals - the first real step after the February agreement.
Storage is provided through Ripple Custody, stablecoin #RLUSD will be added in the future.
@Сryptoz ₿
🇮🇩In Indonesia, BTC can be included in national reserves - Bitcoin Magazine
The leaders of the crypto industry discussed with the government the possibility of using Bitcoin as a national reserve asset in the office of the Vice President of Indonesia.
@Сryptoz ₿
🤩 #ETH SharpLink Gaming bought 83,561 ETH ($264m) last week - announcement
Average purchase price: $3634.
Now the company’s balance sheet stores 521.939 ETH ($1.9b).
@Сryptoz ₿
🤑 Small public companies are buying up #ETH - a new «gold rush»?
Since the beginning of the year, companies from the United States have increased their ETH reserves to $3.5b+ (an 8-fold increase). This is a new trend among small public businesses.
Why ETH?
➤ Cheaper BTC and easier to buy.
➤ Brings about 3-4% per annum due to staking.
➤ It is a top-1 asset for DeFi products, unlike the «passive» Bitcoin.
➤ Working asset: you can earn, not just store.
Risks:
➤ Some experts compare what is happening with the bubble of «meme shares» of 2021 (GameStop, AMC Entertainment, etc.) - rapid growth without a reliable basis.
➤ Ethereum is still volatile, the legal framework is weak, and the accounting for staking is gray.
➤ Stock analysts warn: there is a HYIP, but there is no stability yet.
@Сryptoz ₿
