At a meeting of the UAE Digital Economy Council attended by the Minister of State for Artificial Intelligence, Digital Economy and Remote Work, he revealed that nine UAE banks, six UAE exchange houses and three UAE insurance companies have begun using blockchain-based solutions in the past few months.
Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, confirmed that the UAE government is adopting a proactive approach based on designing visions and goals, as well as developing and implementing initiatives and projects that lay the foundations of the pioneering digital economy. This economy combines national skills and technological solutions, and constitutes an advanced model that contributes to achieving the goals of the National Strategy for the Digital Economy, by doubling the contribution of the digital economy to the non-oil GDP over the next decade.
On behalf of Tech Valley, we proudly welcome the legend of Bitcoin and one of its greatest advocates globally, Mr. Michael Saylor @saylor in the capital, Abu Dhabi 🇦🇪
His anticipated visit marks a pivotal moment in establishing Bitcoin as a strategic asset in the region, and we are happy to announce him as one of the keynote speakers at the upcoming Bitcoin MENA event in Abu Dhabi this December.
Michael Saylor's presence is an inspiration for everyone who believes that Bitcoin is not just a technology but a revolutionary intellectual and financial movement that is reshaping the future of the global financial system.
Mark your calendars for Abu Dhabi, where the passion for Bitcoin intersects with the vision for change.
The white whale made 30 million dollars in a week. According to Lookonchain, the most successful trader of the week on Hyperliquid was the white whale, who used four wallets to open long positions on ETH and SOL, achieving profits of nearly 30 million dollars, with the trader's return on investment exceeding 90%.
The altcoin season is approaching. Over the past two weeks, the altcoin season index has risen from 23 to 51, and the altcoin market capitalization has grown by more than $1.6 trillion. Both institutional and retail investors are turning to altcoins to increase their profits.
The International Monetary Fund finds no increase in Bitcoin reserves in El Salvador. El Salvador has not purchased Bitcoin since February 2025, following a $1.4 billion agreement with the International Monetary Fund, which granted authorities access to all state-owned cryptocurrency wallets. At the same time, President Bukele and the Bitcoin office claim that the country continues to buy 1 Bitcoin daily since late 2022. However, the International Monetary Fund believes that the increase in reserves is due to the consolidation of internal wallets, not new purchases.
The CEO of Tether thanks Trump for the support and targets growth. Paolo Ardoino attended the signing ceremony of the Genius Act and highlighted the importance of the United States' move towards regulating digital assets. He noted that Tether has already distributed 160 billion USDT among 500 million users and the company plans to increase its scale tenfold and strengthen the dollar's position on the global stage.
Exchange-traded funds continue to receive strong inflows from Bitcoin and Ethereum.
According to data from Lookonchain on July 17, Bitcoin funds recorded inflows of 6,930 BTC worth approximately $816.5 million, while Ethereum funds received about 191,473 ETH valued at around $651 million.
The majority of these inflows came through BlackRock funds, which added 6,405 BTC and 148,585 ETH to their portfolios.
In contrast, Grayscale funds were the only ones that experienced daily outflows for both Bitcoin and Ethereum.
A mysterious move is shaking the market! 🫢 The currency is heating up... and the indicators are winking... Is the bear back with a trick? Or has the bull taken the bull by surprise? Let's say it sensibly: Something big is cooking 🤔
Crypto projects are gearing up for their heavy celebrations from DeFi and Infrastructure to Layer 2s and Gaming, passing through giant sectors like …. RWA (Real-World Assets) and DePIN (Decentralized Physical Infrastructure) and AI-integrated protocols.
The market is boiling… and each sector is waiting for its moment to steal the spotlight 💡
There are projects that will enter history and there are projects that will end before they start, but the whirlwind of opportunities and risks continues, and the arena is heading towards unprecedented maturity.
From the chaos of Degen to protocols that create… Real-World Utility and build bridges between the real and digital worlds.
Bitcoin reaches a new ATH before Crypto Week The upcoming week in the United States has been announced as "Crypto Week", where the U.S. House of Representatives is set to review two major bills - GENIUS and CLARITY.
Experts widely expect significant growth in the cryptocurrency and main assets market, including Bitcoin and Ethereum, between July 14 and 20.
These predictions have already proven accurate as on Sunday, Bitcoin reached a new all-time high again, exceeding $119,292.
Ethereum approached the $3,000 mark again while many alternative coins saw significant gains, with Stellar and Algorand rising over 20%, Hedera increasing by 27%, and the meme coin Pudgy rising by 34%.
The main reason for Bitcoin's growth has been revealed according to Glassnode, long-term holders are buying more Bitcoin than miners are producing. This is exactly what creates pressure on the market. #bitcion
Bitcoin treasuries control less than 4% of the total supply According to a report by Kiroku, companies holding Bitcoin treasuries control 3.64% of the total supply, or 725,000 Bitcoin.
➡️ Their holdings exceed those of most mining companies and represent nearly 55% of the total reserves held by Bitcoin exchange-traded funds based in the United States.
➡️ The value of Bitcoin held by exchange-traded funds has reached $139.4 billion, or 6.33% of Bitcoin's market capitalization.
Michael Saylor's strategy currently holds more than 597,000 Bitcoin, or about 82% of all Bitcoin held by corporate treasuries.
Bitcoin #bitcion officially records its highest level ever. This achievement was not entirely surprising, as the past period witnessed the exit of many individual investors due to boredom or lack of confidence in the continued rise. 🐳 History has repeatedly shown that such periods are often a precursor to major price breakouts, as cryptocurrency markets often move contrary to the expectations of the majority. When fear or impatience (FUD) dominates individual investors, these are the ideal moments for smart money to quietly enter and accumulate. And that is exactly what happened this time. After 7 weeks of anticipation, Bitcoin broke through its previous barrier towards a new price peak.
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Santiment analysts report a surge in FOMO amid Bitcoin’s rise According to Santiment, the crypto community is experiencing a wave of FOMO investor sentiment has rapidly shifted from fear to greed. Social media is dominated by bullish forecasts for BTC reaching $120,000 and even $160,000.
The peak in enthusiasm came on July 1, when Bitcoin nearly touched $110,000. Optimism continues to grow, and many investors believe new all-time highs are just around the corner.
However, analysts warn that the market often moves against crowd emotions. With greed running high, a correction is possible — stay rational and avoid impulsive decisions.
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