New UAE Sweeping Banking Decree Looks to Cement Country’s Global Crypto Position
UAE’s new financial law brings crypto and blockchain into traditional finance and under Central Bank’s supervision.
Crypto
Ark Adds $9.1M in Circle and Bullish (BLSH) as Crypto Stocks Keep Sliding
The Nov. 25 buys included $7.6 million in Circle and $1.5 million in Bullish, with both stocks down on the day as BTC trades around $87,500.
Texas Buys $5M in BTC ETF as States Edge Toward First Government Crypto Reserves
The effort is starting small, but Texas made an opening foray into a state-based crypto reserve — getting closer to the first government stockpile in the U.S.
ETF Outflows, Stablecoin Dip, DAT Reversals Signal Crypto Capital Flight
Bitcoin’s slide to $84,000 is being driven less by mood and more by mechanics, according to Greg Cipolaro, Global Head of Research at NYDIG. In a report, Cipolaro said the core engines of the 2024–25 rally have shifted into reverse. Spot bitcoin ETFs, once the primary… Read More
Ripio $100M Crypto Treasury Includes BTC and ETH
Latin American cryptocurrency exchange Ripio has revealed it holds a crypto treasury valued at over $100 million, making it the second-largest publicly known such firm in Latin America behind OranjeBTC. The company’s CEO Sebastian Serrano confirmed the figure in an interview with CoinDesk during DevConnect… Read More
Crypto Prices and Stocks Tumble as Withering Rate Cut Hopes
Markets are further dialing back expectations for another interest rate cut this year after the Bureau of Labor Statistics said it won’t release jobs data for October and the November report will be delayed until after the Federal Reserve’s December. Traders on the Chicago Mercantile… Read More