Crypto News

The Abu Dhabi Global Market (ADGM), a premier financial hub in the UAE, has officially recognized Tether's USDT as an accepted fiat-referenced token. This landmark decision permits licensed firms in the center to offer regulated custody and trading services for the world's leading stablecoin, enhancing its integration into traditional finance and boosting regional crypto adoption.

Publicly traded companies have amassed more than 5% of Bitcoin's (BTC) total supply, with MicroStrategy alone accounting for approximately 3% of the 21 million BTC cap. This milestone underscores the growing trend of institutional adoption, as corporations increasingly view Bitcoin as a strategic treasury asset amid economic uncertainties.

The XRP price is steadily forming bullish technical patterns, signaling potential upward momentum as several key market catalysts begin to align. This development has captured the attention of traders and investors, who are advised to stay updated on emerging trends that could drive significant price action in the coming weeks.

MicroStrategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, has announced the acquisition of an additional 10,624 Bitcoin (BTC) for approximately $962 million. This latest purchase further solidifies the company's position as one of the largest corporate holders of Bitcoin, aligning with its long-term strategy of using BTC as a treasury reserve asset.

Ethereum co-founder Vitalik Buterin has unveiled a innovative proposal to create a trustless onchain gas futures market, enabling users to lock in transaction fees for future periods and hedge against the network's notorious cost fluctuations. This idea, shared in a recent blog post, could revolutionize how Ethereum users manage gas fees, addressing one of the platform's most persistent pain points.

In a shifting landscape for cryptocurrency exchange-traded funds (ETFs), Bitcoin (BTC) and Ethereum (ETH) spot ETFs experienced net outflows last week, totaling $87.77 million for BTC and $65.59 million for ETH. Conversely, Solana (SOL) and XRP spot ETFs attracted significant net inflows of $20.3 million and $230.74 million, respectively, signaling potential investor rotation toward alternative cryptocurrencies.

Bitcoin Cash (BCH) has emerged as the top-performing layer 1 blockchain of 2024, posting a nearly 40% price increase and surpassing major competitors like XRP, Solana, Ethereum, and others, according to data analyzed by crypto expert Crypto Koryo. This impressive rally underscores BCH's resilience and growing appeal in a competitive crypto landscape.

Blockchain analytics firm Glassnode has issued a cautionary report, highlighting that several Bitcoin onchain metrics are mirroring conditions from the onset of the 2022 bear market. Key indicators include heightened stress among top buyers and a significant increase in Bitcoin supply held at a loss, raising concerns about potential market downturns.

Prominent gold advocate and Bitcoin critic Peter Schiff has issued a public challenge to former President Donald Trump for a debate on economics, following Trump's recent jab labeling him a "loser." This escalating feud highlights the ongoing clash between traditional finance proponents and crypto enthusiasts, potentially drawing attention to Bitcoin's role in economic policy.

Traders on the decentralized prediction market Polymarket are betting heavily on a Federal Reserve interest rate cut this week, with odds now at a staggering 93%. This surge reflects growing confidence in Fed Chair Jerome Powell's potential move, which could provide a significant boost to the cryptocurrency market amid economic uncertainties.