🚨 Crypto & Trading News Update – March 13, 2025 🚨
🔹 Abu Dhabi Invests $2B in Binance
Abu Dhabi’s MGX just poured $2 billion into Binance, making it one of the biggest institutional investments in the crypto space. This move cements Abu Dhabi’s ambition to be a global crypto hub. Binance, processing $20B in daily transactions, already has 1,000+ employees in the UAE.
🔹 Russian Central Bank Opens Crypto to the Wealthy
Russia is now allowing “specially qualified” investors to buy cryptocurrencies under a 3-year pilot program. To qualify, investors need over $1.15M in securities & deposits or $570K+ annual income. Despite this, crypto remains banned for payments in Russia.
🔹 Stock Market Struggles Amid Inflation Fears
Inflation rose just 0.2% last month, sparking hope for Fed rate cuts. While tech stocks surged, major indexes like the Dow closed lower. Investors remain cautious about Trump’s new trade tariffs and their potential inflationary impact.
🔹 Argentina’s $LIBRA Crypto Scandal
Argentine President Javier Milei promoted the $LIBRA meme coin, which crashed after a huge price spike, causing $250M in losses. Accusations of a rug pull scam are shaking Argentina’s financial scene in what’s now being called “Cryptogate”.
💡 Crypto remains unpredictable—stay informed! 🚀🔥
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