MATIC trades at $0. 38 following a 23% spike in small payment transactions on Polygon network, with over 500, 000 operations recorded in November as adoption accelerates. (Read More).
Tag: cryptocurrency
UAE Passes New Law to Regulate Digital Assets and DeFi Operations
The post UAE Passes New Law to Regulate Digital Assets and DeFi Operations appeared com. TLDR The UAE has enacted a new law that regulates digital assets and decentralized finance under the Central Bank’s oversight. All cryptocurrency and blockchain firms operating in the UAE must obtain a license from the Central Bank of the UAE. The law introduces fines of up to 1 billion dinars for unlicensed operations within the country. New licensing categories include virtual asset payments, open finance, and digital wallets to ensure compliance. Existing firms have until September 2026 to comply with the new regulations and obtain the required licenses. The United Arab Emirates (UAE) has passed a new central bank law that brings digital assets and decentralized finance (DeFi) under its regulatory framework. Enacted in September, the law requires all cryptocurrency and blockchain firms operating within the country to obtain a license from the Central Bank of the UAE (CBUAE). Violators may face fines of up to 1 billion dinars, approximately $272 million. UAE’s New Law Expands Central Bank’s Authority The Federal Decree Law No. 6 of 2025 introduces major changes to the UAE’s financial sector. The law now includes virtual assets, DeFi protocols, stablecoins, tokenized assets, decentralized exchanges, and blockchain infrastructure under CBUAE’s supervision. This move aims to regulate the growing digital asset industry while ensuring its integration with the traditional financial system. Under the new law, all entities operating in these areas, regardless of the technology used, must be licensed. The law mandates a 60-day timeline for licensing decisions, establishing a faster approval process. Existing firms will have until September 2026 to comply with the new regulations. Licensing and Compliance Requirements The law introduces new categories for licensing, including virtual asset payments, open finance, and digital wallets. It also strengthens protections against fraud, providing a fast-track dispute resolution system for cases up to AED 100, 000. Shari’ah governance will also.
Bitcoin Price Reclaims $90k as US Jobless Claims Slip to 216k
The post Bitcoin Price Reclaims $90k as US Jobless Claims Slip to 216k appeared com. The Bitcoin price upswing, backed by low trading volume, indicates a lack of strong conviction from buyers to continue upstream. According to FedWatchtool, the odds for 25% bsp in an interest rate cut have surged to 85. 1%. BTC’s fear and greed index at 15% accentuates extreme fear among market participants. The pioneer cryptocurrency, Bitcoin, rebounded over 3% to reclaim the $90, 000 mark. The buying pressure can be attributed to the surprise plunge in U. S. initial jobless claims to 216k, bolstering odds for a December rate cut. With the upswing, the coin price also regained key technical support, signaling a potential for renewed recovery ahead. BTC Rebounds on Dovish Fed Tone and Strong Labor Market Data Since last week, the Bitcoin price has rebounded from $80,537 to the current trading value of $90, 110, registering a 12. 3%. The rally had gained momentum after signals from Federal Reserve members suggested a more accommodative approach ahead of the December policy meeting. Their comments increased the likelihood of a quarter-point cut in benchmark rates, calming fears about extended tightening. Momentum gained even more with new labor market numbers released by the Labor Department. The new unemployment filings amounted to 216, 000- the lowest number of filings in more than seven months, since mid-April. Officials also increased the previous week’s count from an initial 220, 000 to 222, 000, highlighting a resilient job picture in the face of broader economic headwinds. Adding to the bullish backdrop, talk in Washington circles points to economist Kevin Hassett coming out on top to succeed Jerome Powell at the helm of the Fed. Hassett, who has expressed his support of cryptocurrencies in the past, previously advised Coinbase through its strategic board. His possible appointment could move the central bank toward policies more conducive to blockchain innovations and aggressive rate easing, with rates as.
Crypto Market Turns Bearish Amid Extreme Fear
The post Crypto Market Turns Bearish Amid Extreme Fear appeared com. The crypto has again witnessed a considerable dip over the past 24 hours. Thus, the total crypto market capitalization has hit $3T after a 0. 84% drop. In addition to this, the 24-hour crypto volume has also decreased by 10. 83%, reaching $136. 76B. Concurrently, the Crypto Fear & Greed Index has touched 15 points, showing “Extreme Fear” prevailed in the market. However, the market onlookers predict a rebound after this likely provisional pullback. Bitcoin Drops by 0. 96% while Ethereum Jumps by 0. 20% Particularly, the leading cryptocurrency, Bitcoin (TC), has slipped by 0. 96%. As a result of this, it is now trading at $87,368. 87. In addition to this, the market dominance of Bitcoin currently accounts for 58. 0%. Contrarily, Ethereum (TH) is changing hands at $2,936. 28, underscoring a 0. 20% increase in price. In the meantime, the market dominance of the flagship altcoin stands at 11. 8%. XOME, EER, and ELIS Lead Crypto Gainers of Day Apart from that, today’s leading crypto gamers take into account Felis (ELIS), Axoloti Token (XOME), and Beers (EER). Specifically, ELIS has risen by a stunning 2525. 29% to hit $0. 0000005371. OME’s 993. 45% increase has placed its price at $0. 002725. Subsequently, after a 462. 63% jump, EER presents a 462. 63% surge. DeFi TVL Sees 0. 20% Plunge and NFT Sales Volume Slips by 12. 43% The DeFi TVL has dropped by 0. 20%, claiming the $117. 739B mark. Nonetheless, the top DeFi project in terms of TVL, Aave, has witnessed a slight 0. 56% rise, touching $31. 661B. At the same time, the pSTAKE Finance sits at the top position when it comes to 1-day TVL change, with a staggering 36819682% increase over the past twenty-four hours. On the other hand, the NFT sales volume accounts for $9,999,394 after a notable 12. 43% decrease. Even then, the top-selling NFT collection, DMarket, has spiked by 24. 63%, attaining the $1,174,715.
Bold $49.3M Accumulation Despite $13.9M Loss
The post Bold $49. 3M Accumulation Despite $13. 9M Loss appeared com. In a surprising move that’s captured the crypto world’s attention, Multicoin Capital has made a massive Multicoin Capital AAVE investment worth $49. 3 million. This bold accumulation comes despite the firm currently facing significant unrealized losses. What does this tell us about their confidence in AAVE’s future? Why Is Multicoin Capital Doubling Down on AAVE? Over the past month and a half, Multicoin Capital purchased 278, 000 AAVE tokens through Galaxy Digital at an average price of $228 per token. This substantial Multicoin Capital AAVE investment represents a major vote of confidence in the DeFi protocol. However, the timing raises important questions about their investment strategy. The firm currently faces an unrealized loss of $13. 9 million on this position. This situation demonstrates that even experienced investors can experience short-term setbacks in the volatile cryptocurrency market. What Does This Investment Reveal About AAVE’s Potential? Despite the current paper losses, this massive Multicoin Capital AAVE investment suggests the firm sees long-term value in the protocol. Several factors might explain their confidence: AAVE’s strong position in the DeFi lending space The protocol’s consistent innovation and updates Growing institutional interest in DeFi protocols Potential for recovery in the broader crypto market This strategic move shows that Multicoin Capital is playing the long game rather than focusing on short-term price movements. How Do Professional Investors Approach Crypto Volatility? The current $13. 9 million unrealized loss on this Multicoin Capital AAVE investment highlights several key aspects of professional crypto investing: Professional investors often accumulate positions over time They focus on fundamental value rather than daily price swings Large positions require patience and conviction Dollar-cost averaging helps manage volatility risk This approach differs significantly from retail trading strategies and demonstrates why institutional investors often succeed where others struggle. What Can We Learn From This Investment Strategy? The substantial Multicoin Capital.
Dogecoin Price Attempts 31% Breakout Despite DOGE Whale Pressure
The post Dogecoin Price Attempts 31% Breakout Despite DOGE Whale Pressure appeared com. Key Insights: Dogecoin price faces heavy pressure from whale selling and weak market sentiment. A 31% breakout needs DOGE to clear $0. 15, $0. 16, and $0. 193 soon. Falling under $0. 13 puts new lows back in play despite the wedge bounce. Dogecoin price is trying a 31% breakout this week, but the chart still shows mixed signs. DOGE has bounced from the lower line of a falling wedge, an otherwise bullish pattern. But the cryptocurrency still needs to clear $0. 15, $0. 16, and $0. 193 before the breakout becomes real. The crypto market is weak, so the move is still not safe. All signs together show that the DOGE price is in a tight spot, and the next few levels decide what comes next. But these levels aren’t the only ones stressing out a breakout move. Dogecoin Price Needs Key Levels To Confirm Strength Dogecoin price sits well inside a falling wedge pattern. This pattern often shows that sellers are getting tired. DOGE touched the lower line and bounced up, which is a good early sign. But the chart still has three strong barriers. DOGE must rise above $0. 15 first. If it clears this, the next barrier is $0. 16. The final line is $0. 193. Only when DOGE moves above all these levels can traders call it a 31% breakout attempt. 13, the trend becomes weak again. Prices can then drop to new lows if the market turns more negative. This is because $0. 13 is the line where the price stopped falling before. When a line like this breaks, it usually means sellers are in control again. The market outside Dogecoin also matters. Bitcoin is weak, and many altcoins are still under pressure. When the bigger coins stay under stress, smaller coins find it hard.
Thai Crypto Exchange Bitkub Weighs Hong Kong IPO: Report
The post Thai Crypto Exchange Bitkub Weighs Hong Kong IPO: Report appeared com. Thailand-based digital assets exchange Bitkub is mulling an initial public offering (IPO) in Hong Kong, people familiar with the matter told Bloomberg. The exchange may look to raise roughly $200 million from the IPO, possibly next year, the sources said, adding that discussions are ongoing and details could still shift. Bitkub, founded in 2018, previously considered an IPO in Thailand, but the dour performance of the domestic stock market played spoilsport. Thailand’s stock market, one of the worst performers globally this year, has seen an average of over 12% drop in listings in 2025, with the index itself falling 10%. Bitkub is Thailand’s largest cryptocurrency exchange with a total 24-hour trading volume of $60. 75 million, according to data from Coingecko. Hong Kong is actively looking to establish itself as the regional digital asset hub, supported by a clear regulatory roadmap from the Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA). Source:.
1inch Team Withdraws $3.71 Million In Strategic Crypto Move
The post 1inch Team Withdraws $3. 71 Millicom. In a surprising cryptocurrency development that’s catching investor attention, the 1inch team withdraws a massive $3. 71 million worth of 1INCH tokens from Binance. This significant movement raises important questions about the team’s strategy and what it means for the token’s future price action. What Does the 1inch Team Withdraw Mean for Investors? The 1inch team withdraws 20 million 1INCH tokens from one of the world’s largest exchanges over a 14-hour period. According to on-chain analyst ai_9684xtpa, this substantial transaction occurred at an average price of $0. 1856 per token. This move represents one of the largest single withdrawals by the team in recent months. When the 1inch team withdraws tokens from exchange custody, it typically signals several possible scenarios: Long-term holding strategy Moving tokens to cold storage Ecosystem development Preparing for upcoming projects Price confidence Belief in future appreciation Staking preparation Getting ready for network participation How Does This Impact the 1INCH Token Supply? Following this transaction, the 1inch team’s address now controls an impressive 111 million 1INCH tokens. This massive holding, valued at approximately $20. 34 million, represents a significant portion of the circulating supply. The team’s average acquisition price sits at $0. 184, very close to current market levels. The timing of when the 1inch team withdraws tokens often provides clues about market sentiment. Currently, 1INCH trades at $0. 1829, showing a minor 0. 11% decline over the past 24 hours. This stability despite the large withdrawal suggests market confidence in the team’s actions. Why Should Crypto Traders Monitor Team Movements? Smart investors always pay attention when a project team makes substantial moves. The decision by the 1inch team to withdraw millions of dollars worth of tokens from exchange custody demonstrates their commitment to the project’s long-term success. Such actions often precede important developments or indicate strong belief in.
Tether Expands Institutional Stablecoin Foothold in Latin America
The post Tether Expands Institutional Stablecocom News Reading time: 2 min Published: Nov 23, 2025 at 17: 32 Updated: Nov 23, 2025 at 19: 03 Tether, the issuer of the world’s largest stablecoin, USDT, announced a major strategic investment into Parfin, a London-based fintech company with extensive operations across Latin America. The digital dollarization of Latin America Tether’s investment is explicitly aimed at supporting the institutional adoption of USDT and strengthening blockchain-based settlement tools throughout Latin America. The region has emerged as a key laboratory for digital finance, with cryptocurrency transaction volumes totaling nearly $1. 5 trillion between 2022 and 2025, largely driven by institutional entities seeking alternatives to volatile local currencies and high-cost traditional cross-border payment systems. The collaboration will advance financial applications built on digital assets, particularly in markets where fast technology adoption can leapfrog traditional financial barriers. USDT, a dollar-pegged currency, offers local businesses and institutions a stable, high-speed, and transparent mechanism for international trade and domestic settlement, reducing dependency on slow, legacy banking rails. The stablecoin race This investment marks an aggressive step by Tether to secure its dominance against competitors like Circle (USDC) in fast-growing, emerging markets. By investing directly into regional infrastructure providers like Parfin, Tether is ensuring that USDT is the default choice for the institutional crypto on- and off-ramps in Latin America. This strategic capital deployment confirms that stablecoins are evolving from simple trading tools into foundational components of global commerce and institutional treasury management. Source:.
Remarkable Rally Pushes BTC Above $86,000 Mark
The post Remarkable Rally Pushes BTC Above $86,000 Mark appeared com. In an exciting development for cryptocurrency enthusiasts, Bitcoin has achieved a significant milestone by breaking through the $86,000 barrier. According to Bitcoin World market monitoring, BTC is currently trading at $86,076 on the Binance USDT market, marking one of the most impressive Bitcoin price surge events in recent months. This breakthrough has captured the attention of investors worldwide and signals potential new opportunities in the digital currency space. What’s Driving This Bitcoin Price Surge? The current Bitcoin price surge didn’t happen overnight. Several key factors have contributed to this remarkable upward movement. Market analysts point to increased institutional adoption, positive regulatory developments, and growing mainstream acceptance as primary drivers. Moreover, the limited supply of Bitcoin continues to create scarcity value that attracts both retail and institutional investors. Recent weeks have shown consistent buying pressure across major exchanges. The Binance USDT market, where BTC reached $86,076, has been particularly active. This sustained demand indicates strong investor confidence in Bitcoin’s long-term value proposition despite market volatility. How Does This Bitcoin Price Surge Compare to Historical Performance? When we examine historical data, this Bitcoin price surge represents one of the most sustained upward trends in 2024. To put this in perspective, consider these key points: This marks the highest trading level since the previous all-time high The current rally has shown more stability than previous rapid spikes Trading volume has increased consistently alongside the price movement Market sentiment remains overwhelmingly positive among major analysts The current Bitcoin price surge demonstrates maturing market dynamics where both retail and institutional players are participating actively. This balanced participation often leads to more sustainable growth patterns compared to previous cycles dominated by speculative retail trading. What Should Investors Consider During This Bitcoin Price Surge? While the current Bitcoin price surge presents exciting opportunities, investors should approach with.