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In a landmark ruling, the Dubai Court of First Instance has recognized the legality of paying salaries in cryptocurrency under employment contracts.
In a significant legal development, the Dubai Court of First Instance has recognized the validity of paying salaries in cryptocurrency, specifically a digital token, marking a shift in the UAE's judicial stance on virtual currencies.
The case, numbered 1739 of 2024 (Labour), involved an employee who sued their employer for unpaid wages, including a portion in the digital tokens, as well as wrongful termination compensation and other benefits. The court ruled in favor of the employee, ordering the employer to pay the owed salary in the digital tokens, citing the employer's failure to provide evidence of payment.
This decision represents a departure from the court's previous stance in 2023, where a similar claim was denied due to the employee's inability to provide a clear valuation of the cryptocurrency involved. The 2024 ruling demonstrates a more progressive approach to integrating virtual currencies into the UAE's legal and economic framework, emphasizing the importance of upholding clear contractual agreements. The court's reliance on Article 912 of the UAE Civil Transactions Law and Federal Decree-Law No. (33) of 2021 in both judgments shows the consistent application of legal principles in wage determination, despite the evolving interpretation of these provisions.
#Dubai #cryptosalary #cryptoonthemove #embracecrypto
$BTC
In a landmark ruling, the Dubai Court of First Instance has recognized the legality of paying salaries in cryptocurrency under employment contracts.
In a significant legal development, the Dubai Court of First Instance has recognized the validity of paying salaries in cryptocurrency, specifically a digital token, marking a shift in the UAE's judicial stance on virtual currencies.
The case, numbered 1739 of 2024 (Labour), involved an employee who sued their employer for unpaid wages, including a portion in the digital tokens, as well as wrongful termination compensation and other benefits. The court ruled in favor of the employee, ordering the employer to pay the owed salary in the digital tokens, citing the employer's failure to provide evidence of payment.
This decision represents a departure from the court's previous stance in 2023, where a similar claim was denied due to the employee's inability to provide a clear valuation of the cryptocurrency involved. The 2024 ruling demonstrates a more progressive approach to integrating virtual currencies into the UAE's legal and economic framework, emphasizing the importance of upholding clear contractual agreements. The court's reliance on Article 912 of the UAE Civil Transactions Law and Federal Decree-Law No. (33) of 2021 in both judgments shows the consistent application of legal principles in wage determination, despite the evolving interpretation of these provisions.
#Dubai #cryptosalary #cryptoonthemove #embracecrypto
$BTC
$9 Billion Stablecoin Shuffle & $110M BTC Buy — Mega Money Moved on the Crypto Chain Today!
#CryptoFundsOnTheMove #CryptoOnTheMove #IfYouAreNewToBinance #MarketRebound
The biggest on‑chain crypto transfers moved today and in recent days:
📰 Major On‑Chain Moves
1. $9.3 b Stablecoin Shell Game
A newly minted rub‑backed stablecoin (A7A5) has seen over $9.3 b flow across it in the last four months—roughly $4.6 b just moved between a few key wallets in repetitive transfers binance.com+9ft.com+9tradingview.com+9.
These massive flows suggest a batch processing or administrative use, likely tied to sanction-evading cross-border operations in Russia.
💼 Whale Moves on Major Assets
$2.45 M MKR → A whale moved 1,271 MKR (~$2.45 M) to Kraken, potentially signaling profit-taking after a 116% ROI ft.comcoinstats.app.
$110 M OTC Buy → A single whale bought 600 BTC and 30,000 ETH ($110 M total) via Wintermute’s OTC desk, indicating strong long-term positioning binance.com+1cryptorank.io+1.
⚖️ Exchange Inflows & Whale Shifts
~970 BTC shorted with 40× leverage (~$103 M position) — the whale took sizeable leverage but is already $6 M in the red reddit.com+2binance.com+2binance.com+2.
1,000 BTC short at 20× leverage (~$100 M) — another major leveraged bet, currently slightly underwater .
🔎 What It All Means
Stablecoin corporate flows ($9 b) point to large-scale institutional use — think batch payment rails.
MKR, BTC, ETH OTC moves highlight both profit-taking and deeper accumulation by whales.
Leveraged BTC shorts expose major risk positioning around current price levels ($105K–$110K).
✅ Quick Takeaways
Transaction Type Size Potential Implication
Stablecoin A7A5 flows $9.3 b over 4 mo Suggests
infrastructure or institutional use
MKR whale → Kraken $2.45 M Could signal profit-taking
Whale OTC buy (BTC + ETH)$110 M Bullish accumulation via institutional desk
Leveraged BTC shorts~$100 M+ each High risk; possible trap/liquidation plays
📈 Conclusion
Yes, massive sums shifted today—but not necessarily bearish. We saw structured OTC accumulation by whales, mega-cap stablecoin flows hinting at big institutional infrastructure, and leveraged bets setting up potential volatility.
Want me to alert you on specific big on-chain moves in real-time or break down individual whale strategies deeper? I can fire up alerts! 📡
The biggest on‑chain crypto transfers moved today and in recent days:
📰 Major On‑Chain Moves
1. $9.3 b Stablecoin Shell Game
A newly minted rub‑backed stablecoin (A7A5) has seen over $9.3 b flow across it in the last four months—roughly $4.6 b just moved between a few key wallets in repetitive transfers binance.com+9ft.com+9tradingview.com+9.
These massive flows suggest a batch processing or administrative use, likely tied to sanction-evading cross-border operations in Russia.
💼 Whale Moves on Major Assets
$2.45 M MKR → A whale moved 1,271 MKR (~$2.45 M) to Kraken, potentially signaling profit-taking after a 116% ROI ft.comcoinstats.app.
$110 M OTC Buy → A single whale bought 600 BTC and 30,000 ETH ($110 M total) via Wintermute’s OTC desk, indicating strong long-term positioning binance.com+1cryptorank.io+1.
⚖️ Exchange Inflows & Whale Shifts
~970 BTC shorted with 40× leverage (~$103 M position) — the whale took sizeable leverage but is already $6 M in the red reddit.com+2binance.com+2binance.com+2.
1,000 BTC short at 20× leverage (~$100 M) — another major leveraged bet, currently slightly underwater .
🔎 What It All Means
Stablecoin corporate flows ($9 b) point to large-scale institutional use — think batch payment rails.
MKR, BTC, ETH OTC moves highlight both profit-taking and deeper accumulation by whales.
Leveraged BTC shorts expose major risk positioning around current price levels ($105K–$110K).
✅ Quick Takeaways
Transaction Type Size Potential Implication
Stablecoin A7A5 flows $9.3 b over 4 mo Suggests
infrastructure or institutional use
MKR whale → Kraken $2.45 M Could signal profit-taking
Whale OTC buy (BTC + ETH)$110 M Bullish accumulation via institutional desk
Leveraged BTC shorts~$100 M+ each High risk; possible trap/liquidation plays
📈 Conclusion
Yes, massive sums shifted today—but not necessarily bearish. We saw structured OTC accumulation by whales, mega-cap stablecoin flows hinting at big institutional infrastructure, and leveraged bets setting up potential volatility.
Want me to alert you on specific big on-chain moves in real-time or break down individual whale strategies deeper? I can fire up alerts! 📡
$SCR is showing strong momentum today, surging +14.75% and reaching a high of $0.283. The 15-minute chart highlights a bullish trend with consistent higher lows and breakout candles. After a slight pullback, buyers are re-entering with solid volume — a clean break above $0.283 could open the door for more gains.
Entry Range: $0.278 – $0.280
Target 1: $0.287
Target 2: $0.295
Final Target: $0.305
Stop Loss: $0.272
Leverage Suggestion: 3x–5x for breakout scalping
This setup is heating up. If $0.283 is breached convincingly, expect swift upside movement. Watch volume closely, enter with precision, and trail your profits smartly.
#DiversifyYourAssets #PowellRemarks، #CryptoOnTheMove #NextCryptoETFs $SCR
Entry Range: $0.278 – $0.280
Target 1: $0.287
Target 2: $0.295
Final Target: $0.305
Stop Loss: $0.272
Leverage Suggestion: 3x–5x for breakout scalping
This setup is heating up. If $0.283 is breached convincingly, expect swift upside movement. Watch volume closely, enter with precision, and trail your profits smartly.
#DiversifyYourAssets #PowellRemarks، #CryptoOnTheMove #NextCryptoETFs $SCR
🐳💸 Major XRP Moves: Over $1.2 B in Tokens Pulled from Binance Reserve Today! 🚨
#Xrp🔥🔥 #CryptoFundsOnTheMove #CryptoOnTheMove #IfYouAreNewToBinance
📊 What’s Moving?
Binance’s XRP balance dropped sharply from ~2.85 billion to ~2.24 billion XRP between June 16–22 — a mass withdrawal of ~614 million XRP (worth about $1.228 billion USD) facebook.com+7medium.com+7ainvest.com+7.
Clean-sheet alert: One Binance-linked wallet, labeled “Binance (5),” holds ~1.46 billion XRP — approximately 1.46% of total XRP supply cryptotimes.io.
🔍 Why It Matters
Liquidity tightens: Massive off-exchange withdrawals mean less XRP available to trade — this can create a supply squeeze, potentially driving prices higher .
Long-term positioning: These transfers are heading into cold or escrowed wallets, not being dumped — classic “stack and hold” signals tronweekly.com+9medium.com+9binance.com+9.
Institutional accumulation? Speculation suggests these are strategic transfers by major players or custodians preparing for future integration or institutional deployment binance.com+1binance.com+1.
📈 What to Watch Next
Indicator Impact
Continued reserve draws Bullish signal — supply tightens
Price reaction Observe if XRP breaks key resistance levels
Exchange inflows Could trigger volatility if funds return
✅ Summary
12.8 billion XRP? Not exactly, but 614 million XRP (~$1.23 billion) has moved off Binance in under a week — a major on-chain shift. This mass withdrawal points to strategic holding, institutional storage, or escrow, tightening the immediate supply and laying groundwork for potential price moves. $WCT
#Xrp🔥🔥 #CryptoFundsOnTheMove #CryptoOnTheMove #IfYouAreNewToBinance
📊 What’s Moving?
Binance’s XRP balance dropped sharply from ~2.85 billion to ~2.24 billion XRP between June 16–22 — a mass withdrawal of ~614 million XRP (worth about $1.228 billion USD) facebook.com+7medium.com+7ainvest.com+7.
Clean-sheet alert: One Binance-linked wallet, labeled “Binance (5),” holds ~1.46 billion XRP — approximately 1.46% of total XRP supply cryptotimes.io.
🔍 Why It Matters
Liquidity tightens: Massive off-exchange withdrawals mean less XRP available to trade — this can create a supply squeeze, potentially driving prices higher .
Long-term positioning: These transfers are heading into cold or escrowed wallets, not being dumped — classic “stack and hold” signals tronweekly.com+9medium.com+9binance.com+9.
Institutional accumulation? Speculation suggests these are strategic transfers by major players or custodians preparing for future integration or institutional deployment binance.com+1binance.com+1.
📈 What to Watch Next
Indicator Impact
Continued reserve draws Bullish signal — supply tightens
Price reaction Observe if XRP breaks key resistance levels
Exchange inflows Could trigger volatility if funds return
✅ Summary
12.8 billion XRP? Not exactly, but 614 million XRP (~$1.23 billion) has moved off Binance in under a week — a major on-chain shift. This mass withdrawal points to strategic holding, institutional storage, or escrow, tightening the immediate supply and laying groundwork for potential price moves. $WCT
TRADE ANYTIME. WIN EVERYWHERE.
With #Binance , your next opportunity is always in your pocket.
📱 Whether you're commuting, chilling, or chasing the charts —
One tap can change your game.
Trade on the go.
Anywhere. Anytime.
Zero limits. Full control.
Ready when you are.
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$BTC
$ETH
$BNB
With #Binance , your next opportunity is always in your pocket.
📱 Whether you're commuting, chilling, or chasing the charts —
One tap can change your game.
Trade on the go.
Anywhere. Anytime.
Zero limits. Full control.
Ready when you are.
#CryptoOnTheMove #BinanceHODLerERA #BTCWhaleTracker #Write2Earn
$BTC
$ETH
$BNB
🔥 $WBTC in Action – Dip or Golden Entry? 🔥
🪙 Wrapped Bitcoin (WBTC/USDT) just slipped to $105,001.85 🔻 (-0.97%)
🚀 Topped at $108,000, but now cooling near key support zones
📉 Will it bounce back stronger… or go bargain-bin before the bulls charge in again?
🧠 Price Levels to Watch:
🔼 Resistance: $106K, $107K, $108K
🔽 Support: $104K, $103K
🎯 Big moves could be brewing — are you ready to catch the next wave? 🌊
📲 Trade WBTC Now on Binance
👉 Tap to trade instantly
#WBTC #WrappedBitcoin #CryptoOnTheMove #BinanceTrading #BullOrBear
🪙 Wrapped Bitcoin (WBTC/USDT) just slipped to $105,001.85 🔻 (-0.97%)
🚀 Topped at $108,000, but now cooling near key support zones
📉 Will it bounce back stronger… or go bargain-bin before the bulls charge in again?
🧠 Price Levels to Watch:
🔼 Resistance: $106K, $107K, $108K
🔽 Support: $104K, $103K
🎯 Big moves could be brewing — are you ready to catch the next wave? 🌊
📲 Trade WBTC Now on Binance
👉 Tap to trade instantly
#WBTC #WrappedBitcoin #CryptoOnTheMove #BinanceTrading #BullOrBear
🚨 $FLOW Market Snapshot 🚨
🧬 Powering the Future of Web3, NFTs & Gaming!
💰 Price: $0.338
📊 24h Change: -2.59%
📈 High: $0.351 📉 Low: $0.336
🔁 24h Volume:
🔹 FLOW: 4.18M 🔹 USDT: $1.44M
💡 What’s the buzz?
FLOW might be cooling off — or charging up for the next breakout! With strong fundamentals and real-world adoption, this could be the perfect entry point.
🌀 Ready to ride the FLOW?
Tap in, trade smart, and follow the momentum on Binance — where the future of finance lives.
👉 Trade Now on Binance
#FLOW #CryptoOnTheMove #TradeSmart #BinanceUpdates #FLOWUSDT
🧬 Powering the Future of Web3, NFTs & Gaming!
💰 Price: $0.338
📊 24h Change: -2.59%
📈 High: $0.351 📉 Low: $0.336
🔁 24h Volume:
🔹 FLOW: 4.18M 🔹 USDT: $1.44M
💡 What’s the buzz?
FLOW might be cooling off — or charging up for the next breakout! With strong fundamentals and real-world adoption, this could be the perfect entry point.
🌀 Ready to ride the FLOW?
Tap in, trade smart, and follow the momentum on Binance — where the future of finance lives.
👉 Trade Now on Binance
#FLOW #CryptoOnTheMove #TradeSmart #BinanceUpdates #FLOWUSDT
$FLOW
Market Snapshot 🚨
🧬 Powering the Future of Web3, NFTs & Gaming!
💰 Price: $0.338
📊 24h Change: -2.59%
📈 High: $0.351 📉 Low: $0.336
🔁 24h Volume:
🔹 FLOW: 4.18M 🔹 USDT: $1.44M
💡 What’s the buzz?
FLOW might be cooling off — or charging up for the next breakout! With strong fundamentals and real-world adoption, this could be the perfect entry point.
🌀 Ready to ride the FLOW?
Tap in, trade smart, and follow the momentum on Binance — where the future of finance lives.
👉 Trade Now on Binance
#FLOW.24小时交易策略 #CryptoOnTheMove #TradeSmart #BinanceUpdates #FLOWUSDT
Market Snapshot 🚨
🧬 Powering the Future of Web3, NFTs & Gaming!
💰 Price: $0.338
📊 24h Change: -2.59%
📈 High: $0.351 📉 Low: $0.336
🔁 24h Volume:
🔹 FLOW: 4.18M 🔹 USDT: $1.44M
💡 What’s the buzz?
FLOW might be cooling off — or charging up for the next breakout! With strong fundamentals and real-world adoption, this could be the perfect entry point.
🌀 Ready to ride the FLOW?
Tap in, trade smart, and follow the momentum on Binance — where the future of finance lives.
👉 Trade Now on Binance
#FLOW.24小时交易策略 #CryptoOnTheMove #TradeSmart #BinanceUpdates #FLOWUSDT
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