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🚨 BREAKING NEWS: UAE Approves $USDC and $EURC as Official Stablecoins! 🚨
🇦🇪 Dubai has officially recognized $USDC and $EURC as the first stablecoins to be legally accepted under the new crypto regulations! This is a major step forward for the crypto industry in the UAE.
🔑 Key Highlights:
✅ Both $USDC and $EURC will now be recognized as stablecoins under Dubai's crypto regulations.
✅ This move opens the door for more institutional involvement in the UAE’s growing crypto market.
✅ It reinforces Dubai’s role as a global crypto hub with innovative financial regulations.
💬 What do you think about this development? Will this boost the adoption of stablecoins globally? Let us know in the comments!
#CryptoNews #UAE #Stablecoins #USDC #EURC #Dubai
🇦🇪 Dubai has officially recognized $USDC and $EURC as the first stablecoins to be legally accepted under the new crypto regulations! This is a major step forward for the crypto industry in the UAE.
🔑 Key Highlights:
✅ Both $USDC and $EURC will now be recognized as stablecoins under Dubai's crypto regulations.
✅ This move opens the door for more institutional involvement in the UAE’s growing crypto market.
✅ It reinforces Dubai’s role as a global crypto hub with innovative financial regulations.
💬 What do you think about this development? Will this boost the adoption of stablecoins globally? Let us know in the comments!
#CryptoNews #UAE #Stablecoins #USDC #EURC #Dubai
In Dubai, USDC and EURC establish themselves as the first stablecoins to be legally acknowledged
Circle's USD Coin (USDC) and EURC have been given the green light by the Dubai Financial Services Authority (DFSA) as the first stablecoins to be recognized by the DFSA's regulatory framework.
Because of this permission, companies located inside the Dubai International Financial Centre (DIFC) are now authorized to incorporate these stablecoins into digital asset applications such as treasury management and payment processing.
With the completion of this significant milestone, the regulatory clarity for stablecoins in the United Arab Emirates (UAE) has been strengthened, and it is in line with the larger efforts that the government is making to develop a structured framework for digital assets.
The clearance comes as a result of Dubai's continued development of licensing processes and legal infrastructure for the adoption of stablecoins, which strengthens the city's position as a worldwide center for cryptocurrency.
#USDC #EURC #Dubai #ETHPriceWatch #MarketPullback $BTC $XRP $SOL
Circle's USD Coin (USDC) and EURC have been given the green light by the Dubai Financial Services Authority (DFSA) as the first stablecoins to be recognized by the DFSA's regulatory framework.
Because of this permission, companies located inside the Dubai International Financial Centre (DIFC) are now authorized to incorporate these stablecoins into digital asset applications such as treasury management and payment processing.
With the completion of this significant milestone, the regulatory clarity for stablecoins in the United Arab Emirates (UAE) has been strengthened, and it is in line with the larger efforts that the government is making to develop a structured framework for digital assets.
The clearance comes as a result of Dubai's continued development of licensing processes and legal infrastructure for the adoption of stablecoins, which strengthens the city's position as a worldwide center for cryptocurrency.
#USDC #EURC #Dubai #ETHPriceWatch #MarketPullback $BTC $XRP $SOL
#news
Дубай официально признал USDC и EURC законными стейблкоинами 🚀
Дубай делает шаг в крипто-будущее, закрепляя USDC и EURC (от Circle) как законные цифровые активы. Это решение усиливает доверие к криптовалютам и открывает новые возможности для бизнеса и инвесторов.
📌 Что это значит?
1. Юридическая прозрачность – компании и пользователи могут легально использовать USDC и EURC.
2. Финансовая стабильность – стейблкоины обеспечивают надежность в цифровых транзакциях.
3. Рост криптоиндустрии – Дубай укрепляет позиции мирового хаба криптоинноваций.
Это знаковый момент для крипторынка! Будут ли другие страны следовать примеру Дубая?
#Dubai #USDC #EURC #Stablecoins
Дубай официально признал USDC и EURC законными стейблкоинами 🚀
Дубай делает шаг в крипто-будущее, закрепляя USDC и EURC (от Circle) как законные цифровые активы. Это решение усиливает доверие к криптовалютам и открывает новые возможности для бизнеса и инвесторов.
📌 Что это значит?
1. Юридическая прозрачность – компании и пользователи могут легально использовать USDC и EURC.
2. Финансовая стабильность – стейблкоины обеспечивают надежность в цифровых транзакциях.
3. Рост криптоиндустрии – Дубай укрепляет позиции мирового хаба криптоинноваций.
Это знаковый момент для крипторынка! Будут ли другие страны следовать примеру Дубая?
#Dubai #USDC #EURC #Stablecoins
🔈UPDATE: CIRCLE $USDC AND $EURC BECOME THE FIRST STABLECOINS RECOGNIZED BY THE DUBAI FINANCIAL SERVICE AUTHORITY (DFSA)💱
#Dubai #Crypto_Updates
#Dubai #Crypto_Updates
MANTRA receives Virtual Assets Regulatory Authority (VARA) VASP License in Dubai - BIG WIN FOR WEB3 SPACE.
If you’ve been in crypto for a while, you know the drill—big narratives, endless speculation, and then… regulators step in and shut it down.
Instead of fighting regulations, MANTRA just secured a VARA VASP license, making it the first DeFi platform to gain approval from Dubai’s VARA.
✅ A legal framework for RWA tokenization—no more “gray area” discussions.
✅ DeFi finally has an institutional-grade foundation—big money can now participate safely.
✅ Dubai is positioning itself as the future of crypto—and MANTRA is now at the center of it.
I’ve always believed that regulatory clarity will separate the serious builders from the hype projects. This is one of those moments where the space takes a step toward real adoption.
As I have said before as well, MANTRA looks like a serious project who is delivering and doing things the right way.
DYOR and share what you think about RWAs and MANTRA Chain.
#MANTRA #VARA #DeFi #Dubai #RWAs
If you’ve been in crypto for a while, you know the drill—big narratives, endless speculation, and then… regulators step in and shut it down.
Instead of fighting regulations, MANTRA just secured a VARA VASP license, making it the first DeFi platform to gain approval from Dubai’s VARA.
✅ A legal framework for RWA tokenization—no more “gray area” discussions.
✅ DeFi finally has an institutional-grade foundation—big money can now participate safely.
✅ Dubai is positioning itself as the future of crypto—and MANTRA is now at the center of it.
I’ve always believed that regulatory clarity will separate the serious builders from the hype projects. This is one of those moments where the space takes a step toward real adoption.
As I have said before as well, MANTRA looks like a serious project who is delivering and doing things the right way.
DYOR and share what you think about RWAs and MANTRA Chain.
#MANTRA #VARA #DeFi #Dubai #RWAs
Ellizaa:
$OM the best to hold
$OM ~MANTRA successfully obtained the FIRST DeFi license from VARA 🇦🇪
The DeFi landscape has been wild—boom, bust, innovation, regulation struggles. But the next phase isn’t about hype; it’s about adoption, and MANTRA seems to be playing the long game.
VARA’s regulatory framework is one of the most respected in the space.
Most projects focus on "decentralization at all costs," but that narrative is shifting. If DeFi wants real institutional money, it needs regulatory clarity. That’s why MANTRA’s move stands out.
The timing is also interesting. BlackRock, JPMorgan, and other financial giants are actively exploring tokenized RWAs. The market is clearly headed in this direction, and MANTRA is already setting up the necessary infrastructure.
This makes me wonder—are we seeing the early days of "compliant DeFi"? Projects that embrace regulations could attract institutional capital while still maintaining DeFi’s core principles.
It’s easy to dismiss regulation as a barrier, but if the goal is mainstream adoption, it’s a necessary step. MANTRA securing this license before most DeFi projects even consider compliance could be a huge advantage in the long run.
The fundamentals are VERY STRONG for MANTRA now, research more and share your views with me under the comment section.
#MANTRA #RegulatedDeFi #VARA #Dubai #OM
The DeFi landscape has been wild—boom, bust, innovation, regulation struggles. But the next phase isn’t about hype; it’s about adoption, and MANTRA seems to be playing the long game.
VARA’s regulatory framework is one of the most respected in the space.
Most projects focus on "decentralization at all costs," but that narrative is shifting. If DeFi wants real institutional money, it needs regulatory clarity. That’s why MANTRA’s move stands out.
The timing is also interesting. BlackRock, JPMorgan, and other financial giants are actively exploring tokenized RWAs. The market is clearly headed in this direction, and MANTRA is already setting up the necessary infrastructure.
This makes me wonder—are we seeing the early days of "compliant DeFi"? Projects that embrace regulations could attract institutional capital while still maintaining DeFi’s core principles.
It’s easy to dismiss regulation as a barrier, but if the goal is mainstream adoption, it’s a necessary step. MANTRA securing this license before most DeFi projects even consider compliance could be a huge advantage in the long run.
The fundamentals are VERY STRONG for MANTRA now, research more and share your views with me under the comment section.
#MANTRA #RegulatedDeFi #VARA #Dubai #OM
Marlena Chilson iVbv:
nice one
MANTRA secures VARA VASP license, enabling global expansion and RWA tokenization in the Middle East.
Interesting development in the DeFi space - MANTRA just got regulatory approval in Dubai. As someone who's been following RWA projects, some key points I noticed:
- First DeFi platform to get Virtual Assets Regulatory Authority (VARA) VASP License
- Can run a virtual asset exchange in Dubai
- Approved for broker-dealer services
- Investment services also included
- Focus on real world asset stuff
What's interesting is the timing. Dubai is becoming a crypto hub, and getting VARA approval isn't easy. From what I understand, they're known for having pretty strict standards.
What caught my eye is MANTRA’s positioning. While most DeFi projects are still figuring out regulations, MANTRA went and got approved by one of the strictest authorities. That's quite a move for adoption.
The real world asset focus with regulatory backing seems important. We're finally seeing actual implementation instead of just talk, and MANTRA looks to be ahead here.
From what I can tell, things are lining up nicely. They've got the regulatory compliance sorted with this VARA approval, strong institutional focus with their new services, and they're actually implementing real world asset integration - not just talking about it. What's even more interesting is that major markets are still untapped at this point.
Looking at all this - the VARA approval, institutional focus, and potential exchange listings - it's interesting to think where the MANTRA ecosystem might go this year. The fundamentals seem solid.
As they say “you can fork code, but you can’t fork a license”.
What do you guys think about regulated DeFi? Is this what institutions have been waiting for?
#MANTRA #Dubai #VARA #RWAs #OM
Interesting development in the DeFi space - MANTRA just got regulatory approval in Dubai. As someone who's been following RWA projects, some key points I noticed:
- First DeFi platform to get Virtual Assets Regulatory Authority (VARA) VASP License
- Can run a virtual asset exchange in Dubai
- Approved for broker-dealer services
- Investment services also included
- Focus on real world asset stuff
What's interesting is the timing. Dubai is becoming a crypto hub, and getting VARA approval isn't easy. From what I understand, they're known for having pretty strict standards.
What caught my eye is MANTRA’s positioning. While most DeFi projects are still figuring out regulations, MANTRA went and got approved by one of the strictest authorities. That's quite a move for adoption.
The real world asset focus with regulatory backing seems important. We're finally seeing actual implementation instead of just talk, and MANTRA looks to be ahead here.
From what I can tell, things are lining up nicely. They've got the regulatory compliance sorted with this VARA approval, strong institutional focus with their new services, and they're actually implementing real world asset integration - not just talking about it. What's even more interesting is that major markets are still untapped at this point.
Looking at all this - the VARA approval, institutional focus, and potential exchange listings - it's interesting to think where the MANTRA ecosystem might go this year. The fundamentals seem solid.
As they say “you can fork code, but you can’t fork a license”.
What do you guys think about regulated DeFi? Is this what institutions have been waiting for?
#MANTRA #Dubai #VARA #RWAs #OM
BullifyX:
exactly
$OM 🤑MANTRA Получает Лицензию VASP в Дубае! 🇦🇪🚀
🚨 BREAKING: MANTRA официально получила лицензию Virtual Asset Service Provider (VASP) от UAE VARA, что открывает новую эру в развитии токенизированных активов!
🔹 Что это значит?
✔️ MANTRA теперь официально регулируется в ОАЭ.
✔️ Компания может предоставлять услуги по торговле виртуальными активами.
✔️ Открываются уникальные возможности для институциональных клиентов и инвесторов.
🔥 Планы на будущее
💰 Совместно с DAMAC Group MANTRA запустит токенизированное финансирование реальных активов на сумму $1 млрд.
📈 Токен $OM уже показал рост на 100% за месяц, и это только начало!
🌍 Расширение на Ближний Восток, фокус на DeFi + TradFi решения.
🗣 CEO MANTRA, Джон Патрик Маллин:
"Мы создаем экосистему, объединяющую традиционные финансы и инновационные технологии блокчейна. Получение лицензии VASP – это важный шаг к будущему глобального DeFi!"
📌 Следите за обновлениями! MANTRA выходит на новый уровень! 🚀🔝
#MANTRA #OM #DeFi #Dubai
🚨 BREAKING: MANTRA официально получила лицензию Virtual Asset Service Provider (VASP) от UAE VARA, что открывает новую эру в развитии токенизированных активов!
🔹 Что это значит?
✔️ MANTRA теперь официально регулируется в ОАЭ.
✔️ Компания может предоставлять услуги по торговле виртуальными активами.
✔️ Открываются уникальные возможности для институциональных клиентов и инвесторов.
🔥 Планы на будущее
💰 Совместно с DAMAC Group MANTRA запустит токенизированное финансирование реальных активов на сумму $1 млрд.
📈 Токен $OM уже показал рост на 100% за месяц, и это только начало!
🌍 Расширение на Ближний Восток, фокус на DeFi + TradFi решения.
🗣 CEO MANTRA, Джон Патрик Маллин:
"Мы создаем экосистему, объединяющую традиционные финансы и инновационные технологии блокчейна. Получение лицензии VASP – это важный шаг к будущему глобального DeFi!"
📌 Следите за обновлениями! MANTRA выходит на новый уровень! 🚀🔝
#MANTRA #OM #DeFi #Dubai
MONEY IS ROTATING INTO $OM, PAY ATTENTION.
Having seen many market cycles, I can tell when something big is about to happen.
$OM has been one of the best-performing assets over the past 1.5 years, yet it still lacks major listings in the US and Korea. But what if it gets listed on major exchanges there? I suspect that could happen in the next few weeks 👀
MANTRA has strategically positioned itself as a leader in the RWA sector, which is experiencing real institutional adoption. The UAE’s favourable stance on blockchain innovation gives MANTRA a significant advantage.
Sovereign money is entering the market 🐂
Get in early before the big parabolic move takes off. The signs are already there. The question is, are you ready? As for me, I’m positioned with targets of $20, $25, and $35 by the end of 2025.
#RWA #OM #dubai #MANTRA #blockchain
Having seen many market cycles, I can tell when something big is about to happen.
$OM has been one of the best-performing assets over the past 1.5 years, yet it still lacks major listings in the US and Korea. But what if it gets listed on major exchanges there? I suspect that could happen in the next few weeks 👀
MANTRA has strategically positioned itself as a leader in the RWA sector, which is experiencing real institutional adoption. The UAE’s favourable stance on blockchain innovation gives MANTRA a significant advantage.
Sovereign money is entering the market 🐂
Get in early before the big parabolic move takes off. The signs are already there. The question is, are you ready? As for me, I’m positioned with targets of $20, $25, and $35 by the end of 2025.
#RWA #OM #dubai #MANTRA #blockchain
MONEY IS ROTATING INTO $OM , PAY ATTENTION.
I’ve seen enough market cycles to know when something big is brewing.
$OM has quietly been one of the best-performing assets in the last 1.5 years, yet it still doesn’t have major US or Korean listings. Imagine it gets listed on major exchanges there, which I smell should be in the next few weeks 👀
MANTRA positioned itself as the top RWA project, a sector that’s seeing real institutional adoption. The UAE’s positive stance on blockchain innovation gives MANTRA a lot more advantage.
Sovereign money is coming 🐂
Get in early before the real parabolic move comes. The signs are already there. The question is, are you positioned? Well at least I am, and my targets are $20 - $25 - $35 by 2025 end.
#RWA #OM #dubai #MANTRA #blockchain
I’ve seen enough market cycles to know when something big is brewing.
$OM has quietly been one of the best-performing assets in the last 1.5 years, yet it still doesn’t have major US or Korean listings. Imagine it gets listed on major exchanges there, which I smell should be in the next few weeks 👀
MANTRA positioned itself as the top RWA project, a sector that’s seeing real institutional adoption. The UAE’s positive stance on blockchain innovation gives MANTRA a lot more advantage.
Sovereign money is coming 🐂
Get in early before the real parabolic move comes. The signs are already there. The question is, are you positioned? Well at least I am, and my targets are $20 - $25 - $35 by 2025 end.
#RWA #OM #dubai #MANTRA #blockchain
JustARegularGuy:
BTW each day there are 300k tokens unlocking I rather miss this cabal 😄
Money is Flowing into $OM – Don't Miss Out!
Having observed enough market cycles, it's clear that something big is brewing with $OM .
Over the past 1.5 years, $OM has quietly been one of the top-performing assets, yet it still lacks major listings on exchanges in the US and Korea. But with its growth, it's likely that these listings will happen in the next few weeks. 👀
Mantra (MANTRA) has positioned itself as a leading project in the Real-World Assets (RWA) sector, which is seeing increasing institutional interest. Additionally, the UAE’s supportive stance on blockchain innovation gives MANTRA a significant edge.
Sovereign money is coming in 🐂.
Now is the time to get in before the true parabolic move begins. The signs are already showing—are you positioned? I'm ready, with targets set at $20, $25, and $35 by the end of 2025.
#RWA #OM #Dubai #MANTRA #Blockchain
Having observed enough market cycles, it's clear that something big is brewing with $OM .
Over the past 1.5 years, $OM has quietly been one of the top-performing assets, yet it still lacks major listings on exchanges in the US and Korea. But with its growth, it's likely that these listings will happen in the next few weeks. 👀
Mantra (MANTRA) has positioned itself as a leading project in the Real-World Assets (RWA) sector, which is seeing increasing institutional interest. Additionally, the UAE’s supportive stance on blockchain innovation gives MANTRA a significant edge.
Sovereign money is coming in 🐂.
Now is the time to get in before the true parabolic move begins. The signs are already showing—are you positioned? I'm ready, with targets set at $20, $25, and $35 by the end of 2025.
#RWA #OM #Dubai #MANTRA #Blockchain
I’ve been following MANTRA $OM closely, and the more I look into it, the more bullish I get. It’s already a leader in the RWA sector, and that’s without major listings in the US or Korea. Imagine what happens when those doors open.
We’ve seen how rotations work in this market. $SOL had its run, then $SUI. Now, it feels like $OM is up next. The momentum is building, and those paying attention know what’s coming.
The UAE’s backing for crypto is another huge factor. When sovereign money support aligns with a project like MANTRA, it’s not just hype—it’s a real shift in the market.
And let’s not forget the numbers. Over the last 1.5 years, OM has been one of the best-performing assets, outpacing almost everything. That’s not some random shit. That’s pure strength, a clear demand, and buying pressure.
Top 10 IS JUST A MATTER OF TIME FOR $OM .
#RWA #tokenization #UAE #AbuDhabi #Dubai #MANTRA
We’ve seen how rotations work in this market. $SOL had its run, then $SUI. Now, it feels like $OM is up next. The momentum is building, and those paying attention know what’s coming.
The UAE’s backing for crypto is another huge factor. When sovereign money support aligns with a project like MANTRA, it’s not just hype—it’s a real shift in the market.
And let’s not forget the numbers. Over the last 1.5 years, OM has been one of the best-performing assets, outpacing almost everything. That’s not some random shit. That’s pure strength, a clear demand, and buying pressure.
Top 10 IS JUST A MATTER OF TIME FOR $OM .
#RWA #tokenization #UAE #AbuDhabi #Dubai #MANTRA
🚨 Dubai's VARA Issues Warning on Meme Coin Risks! 🚨
Dubai's Virtual Assets Regulatory Authority (VARA) is sounding the alarm on meme coins, highlighting their speculative nature, extreme volatility, and risk of market manipulation.
🔹 Investors are urged to avoid unregulated assets
🔹 Be wary of unrealistic return promises—they often signal scams
🔹 Meme coins in Dubai must comply with VARA regulations
Stay informed & invest wisely! 💡
#Dubai #VARA #MemeCoins #CryptoRegulation #Flicky123Nohawn
Dubai's Virtual Assets Regulatory Authority (VARA) is sounding the alarm on meme coins, highlighting their speculative nature, extreme volatility, and risk of market manipulation.
🔹 Investors are urged to avoid unregulated assets
🔹 Be wary of unrealistic return promises—they often signal scams
🔹 Meme coins in Dubai must comply with VARA regulations
Stay informed & invest wisely! 💡
#Dubai #VARA #MemeCoins #CryptoRegulation #Flicky123Nohawn
Q8Three - غازي
--
📢 رسمياً: Binance تبدأ بتشغيل منصتها المحلية في دبي 🇦🇪
📢 رسمياً: @Binance تبدأ بتشغيل منصتها المحلية في دبي 🇦🇪
أعلنت #binance اليوم عن بدء تحويل حسابات المقيمين في الإمارات إلى منصتها المحلية.
تحدثنا سابقاً عن حصول Binance على أول ترخيص شامل من سلطة #VARA
الآن، يبدأ العمل بهذا الترخيص تحت اسم Binance FZE Exchange.
سيتم التواصل مع جميع المستخدمين المقيمين في الإمارات لتحديث بياناتهم.
بهذا التحديث ستنقل حسابات المستخدمين من Binance Global Exchange إلى Binance FZE Exchange.
إذا وصلك إيميل من Binance، يجب عليك تحديث البيانات قبل 15 ديسمبر 2024.
في حالة التأخر، سيكون حسابك معرض لتقييد الاستخدام مع إمكانية السحب فقط.
جميع منتجات Binance Global ستكون متاحة لمستخدمي المنصة المحلية Binance FZE Exchange.
والأهم من ذلك، ستكون معاملات الإيداع والسحب البنكية بالدرهم الإماراتي متاحة بشكل كامل! ✅
أعلنت #binance اليوم عن بدء تحويل حسابات المقيمين في الإمارات إلى منصتها المحلية.
تحدثنا سابقاً عن حصول Binance على أول ترخيص شامل من سلطة #VARA
الآن، يبدأ العمل بهذا الترخيص تحت اسم Binance FZE Exchange.
سيتم التواصل مع جميع المستخدمين المقيمين في الإمارات لتحديث بياناتهم.
بهذا التحديث ستنقل حسابات المستخدمين من Binance Global Exchange إلى Binance FZE Exchange.
إذا وصلك إيميل من Binance، يجب عليك تحديث البيانات قبل 15 ديسمبر 2024.
في حالة التأخر، سيكون حسابك معرض لتقييد الاستخدام مع إمكانية السحب فقط.
جميع منتجات Binance Global ستكون متاحة لمستخدمي المنصة المحلية Binance FZE Exchange.
والأهم من ذلك، ستكون معاملات الإيداع والسحب البنكية بالدرهم الإماراتي متاحة بشكل كامل! ✅
UAE timings for future traders in #dubai
$ETH *ucked me up but took care of it because of the market timing
$ETH *ucked me up but took care of it because of the market timing
🚨 Are you worried about BTC price action? - Read This!
Since making its top at $74k in march, btc has been on a downtrend. Btc price action has affected alts a lot as most of them are down 50%-80% from their Q1 highs. But this has always been the case.
After each halving, btc goes sideways for a prolonged period of time.
In 2016, btc went sideways for 161 days after halving.
In 2020, btc went sideways for 175 days after halving.
Right now, btc is going sideways from 119 days.
But there are a few bullish things happening on which most of us are not paying attention. For an asset to pump, the supply should go down while demand should rise.
Let's talk about the supply side of btc 👇
➬ since july, etfs and accumulation addresses have bought 450,000 btc
➬ bitcoin supply on exchanges is now at its lowest level in 6 years
➬ bitcoin long-term holders accumulation is at its highest level in 15 months
➬ 45% of btc supply hasn't moved in 6 months
All these metrics are indicating towards an upcoming supply crunch
Along with that:
➮ microstrategy is buying $2b worth of btc
➮ marathon is buying $300m worth of btc
➮ blackrock and other financial institutions are accumulating continuously
Now, what about the demand side?
As we know, demand will start picking by q4 as some major events will take place:
➜ fed rate cut will begin
➜ global qe will start otherwise there'll be a risk on global recession
➜ russia international trade with crypto begin
➜ fasb rule will be implemented that will allow $3t+ of corporate cash to be invested into btc
All these events will increase the liquidity, and along with btc supply crunch, a parabolic run will start!
🚨 Don't forget to scroll to the top of my profile, hit the vote button, and unlock your share of the $10,000 prize pool!
- Mende out!
#dubai #uae #cryptonews #crypto #bitcoin
$BTC
Since making its top at $74k in march, btc has been on a downtrend. Btc price action has affected alts a lot as most of them are down 50%-80% from their Q1 highs. But this has always been the case.
After each halving, btc goes sideways for a prolonged period of time.
In 2016, btc went sideways for 161 days after halving.
In 2020, btc went sideways for 175 days after halving.
Right now, btc is going sideways from 119 days.
But there are a few bullish things happening on which most of us are not paying attention. For an asset to pump, the supply should go down while demand should rise.
Let's talk about the supply side of btc 👇
➬ since july, etfs and accumulation addresses have bought 450,000 btc
➬ bitcoin supply on exchanges is now at its lowest level in 6 years
➬ bitcoin long-term holders accumulation is at its highest level in 15 months
➬ 45% of btc supply hasn't moved in 6 months
All these metrics are indicating towards an upcoming supply crunch
Along with that:
➮ microstrategy is buying $2b worth of btc
➮ marathon is buying $300m worth of btc
➮ blackrock and other financial institutions are accumulating continuously
Now, what about the demand side?
As we know, demand will start picking by q4 as some major events will take place:
➜ fed rate cut will begin
➜ global qe will start otherwise there'll be a risk on global recession
➜ russia international trade with crypto begin
➜ fasb rule will be implemented that will allow $3t+ of corporate cash to be invested into btc
All these events will increase the liquidity, and along with btc supply crunch, a parabolic run will start!
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- Mende out!
#dubai #uae #cryptonews #crypto #bitcoin
$BTC