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As stablecoin giants and the world's largest exchange simultaneously secure ADGM licenses, Abu Dhabi is rapidly emerging from a Middle Eastern financial hub into a new global center for institutional-grade crypto settlement and regulation.
Currently, the largest holders of bitcoin have shifted from whales to publicly listed companies and compliant funds. The selling pressure has changed from retail investors' reactions to the market to capital impact from institutions.
Not an investment fund! Why is holding oil allowed but not crypto? How does Strategy criticize MSCI's proposal?
In Brief Xiaomi partners with SEI for cryptocurrency integration in 170 million devices. SEI's stablecoin to power Xiaomi's payment service, MiPay. Bitcoin struggles at $90,000, with potential for further declines.
BitMine, the world's largest Ethereum treasury company, increased its Ethereum holdings by $460 million last week, taking concrete action to "put its views into practice."
