Midday News Update #Web3
🇯🇵 Bank of Japan Governor: If economic and price trends meet expectations, the Bank of Japan expects to continue raising interest rates.
🎁 Scallop platform revenue exceeds $5 million, and will distribute $200,000 worth of sSCA rewards to veSCA holders.
🐋 The two whales bought more than $3.5 million in FARTCOIN, and the current holding value has reached $4.63 million.
🥰 Trump dinner will add 1 more spot, the best meme creator can be invited.
📊 Ethereum spot ETFs had a total net outflow of $2.3599 million yesterday, with only Fidelity ETF FETH achieving net inflow.
#StablecoinPayments
Abu Dhabi's First Abu Dhabi Bank (FAB), sovereign wealth fund ADQ, and holding company IHC are collaborating to launch a dirham-backed stablecoin. This digital currency aims to modernize transactions for consumers and businesses in the UAE, pending regulatory approval.
The initiative aligns with the UAE's vision to become a fintech and innovation hub, enhancing its digital economy. According to Mohamed Hassan Alsuwaidi, Managing Director and Group CEO of ADQ, the stablecoin's launch marks a significant step in strengthening the UAE's digital infrastructure ecosystem.
🇪🇺 JUST IN: Europe Cracks Down on Crypto Abuse!
The European Securities and Markets Authority (ESMA) has officially released final anti-abuse guidelines under MiCA, giving all 27 EU member states just 3 months to enforce them!
🔒 What’s Covered?
Insider Trading
Illegal Disclosures
Market Manipulation
Fake News on Social Media
🎯 This move aims to protect investors, boost transparency, and stabilize the crypto markets across the EU.
Expect tighter compliance, cleaner trading environments, and a possible shift in how projects and influencers operate.
Buy and Trade here on $BTC