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Reuters: Abu Dhabi Sovereign Wealth Fund Plans to Launch Dirham Stablecoin in Partnership with Multiple Entities

5 hours ago

On April 29th, as per Reuters, Abu Dhabi's sovereign wealth fund ADQ, the conglomerate IHC (IHC.AD), and the UAE's largest bank in terms of assets, First Abu Dhabi Bank (FAB.AD), announced on Monday their plans to launch a new stablecoin backed by the dirham. The dirham is the official currency of the United Arab Emirates (UAE). In a release, the three companies stated that this stablecoin will be fully regulated by the Central Bank of the United Arab Emirates. This move indicates further investment in the cryptocurrency space by Gulf countries.
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Total Bitcoin Open Interest Surges to $63.24 Billion

On April 29th, according to Coinglass data, the total open interest of Bitcoin futures contracts across all exchanges amounts to 674,790 BTC (approximately $63.24 billion). Among them, the open interest of Bitcoin futures on CME is 147,110 BTC (approximately $13.78 billion), ranking first. The open interest of Bitcoin futures on Binance is 115,730 BTC (approximately $10.85 billion), ranking second.

4 hours ago

CZ: Had a one-on-one meeting with the founders of over 12 YZi Labs invested projects today and gained a lot.

On April 29th, the founder of Binance, CZ, posted on social media, stating, "Today, I had one-on-one meetings with more than 12 project founders. All of their projects are invested in by YZi Labs. I have gained a lot. Keep up the great work."

4 hours ago

The Arizona Bitcoin Reserve Bill is set to undergo a final vote in the House of Representatives

On April 29th, according to Bitcoin Laws, the full session of the Arizona House of Representatives is scheduled to commence at 1 p.m. local time. The Bitcoin Reserve Bills SB1373 and SB1025 are on the agenda and are expected to undergo final voting.

4 hours ago

CompoSecure, Baanx, and MetaMask will collaborate to launch a Metal Payment Card

On April 29th, according to The Block, fintech companies CompoSecure, Baanx, and MetaMask are set to globally launch the MetaMask Metal Payment Card in the second quarter. This MetaMask Metal Card enables users to make payments directly from their self-custody MetaMask wallet without the necessity of preloading, converting cryptocurrencies into fiat currency, or depending on centralized exchanges. All transactions are authorized through smart contracts and completed within five seconds. Users are mandated to hold their crypto assets in an on-chain wallet on the Linea network.

4 hours ago

In the past 24 hours, the entire network has seen $269 million in liquidations, with the majority coming from long positions.

On April 29th, based on Coinglass data, the total value of liquidations across the entire network in the past 24 hours was $269 million. The long liquidations reached $179 million, while the short liquidations were $90 million.

4 hours ago

A Whale Re-enters Long Position After Shorting ETH and Further Increases Their Holdings by 3974 Coins

Update: On April 29th, based on @ai_9684xtpa, a particular whale that shifted from a short position to a long position borrowed an additional 7 million USDC in the past 10 minutes and purchased 3974 ETH at an average price of $1759.25.

4 hours ago

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A whale exchanged WIF and Bonk positions for Fartcoin!

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