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Pi Network Token Unlock Impact: PI Price Tumbles, $7.6B Market Cap Tested
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Pi Network Token Unlock Impact: PI Price Tumbles, $7.6B Market Cap Tested
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Dubai to accept crypto for government service payments in global first #DubaiCrypto #DubaiMillionaire $USDC #BTC #NewsTrade $BTC Dubai will become one of the world’s first governments to fully enable crypto payments for public services, following a landmark agreement signed between Dubai’s Department of Finance and Crypto.com. Announced at the Dubai FinTech Summit on May 12, the memorandum of understanding outlines plans for a secure digital payment channel that allows individuals and businesses to pay government fees using cryptocurrency wallets. These payments will be converted into Emirati dirhams and transferred to DOF accounts, marking a major step forward in the implementation of the Dubai Cashless Strategy, according to Crypto.com. Dubai as a crypto hub The initiative is part of Dubai’s broader ambition to position itself as a global hub for financial innovation. The city’s Cashless Strategy aims to shift more than 90% of financial transactions in both public and private sectors to digital methods by 2026. According to DOF, the adoption of blockchain-enabled payments could contribute at least AED 8 billion annually to the local economy by spurring fintech growth and streamlining financial services. The agreement, described by officials as the first of its kind at the government-wide level, goes beyond pilot programs in other jurisdictions and integrates crypto payments directly into Dubai’s digital infrastructure. Once technical integration is complete, users will be able to access the service through Crypto.com’s wallet, enabling seamless and secure crypto transactions across all participating governmen
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USDT Market Cap Hits $150 Billion: Key Implications for Bitcoin and Crypto Trading in 2025 $BTC #USDT #NewsTrade #BinanceAirdropNXPC #TradeStories #BTCBackto100K According to market capitalization of USDT has officially reached $150 billion as of May 12, 2025 This milestone signals a significant liquidity influx into the cryptocurrency markets, often associated with increased trading activity and potential bullish momentum for major cryptocurrencies like Bitcoin. Historically, a rising USDT market cap has correlated with higher Bitcoin prices, as traders use stablecoins for quick market entry. The expansion of USDT further strengthens its position as the leading stablecoin, supporting larger trading volumes and increased market confidence. Traders should monitor Bitcoin price action closely, as such liquidity surges frequently precede major market moves.
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#NewsTrade #BTC走势分析 #BTC The United States (US) and China have reportedly reached decisions on international trade that could end the long-standing tariff-induced trade war between the two economic giants. Following the development, analysts believe the returning bullish sentiment across the crypto and stock markets could surge, especially with technical indicators supporting a bullish trend to lead a crypto market bull run 2025. Over the last weekend, US Treasury Secretary Scott Bessent informed the public that the US and China reached a “significant deal,” details of which he would provide later. During a recent podcast, a renowned cryptocurrency analyst noted that Bessent’s statement on the US China trade deal came at a crucial moment when other indicators aligned to reflect a bullish season for the crypto market.
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