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Vaibhavv Ali

Vaibhavv Ali is the founder and editor of Cryptonite (cryptonite.ae), an independent digital-asset news and analysis publication with a UAE focus. He covers virtual-asset regulation — VARA, ADGM and the UAE Central Bank — alongside real-world-asset tokenization, stablecoins and agentic AI in finance. Every Cryptonite article is human-edited and its sources are linked. He is also a celebrated speaker and host.

U.S. Congressman Introduces ‘Bitcoin for America Act’ Allowing Tax Payments in BTC to Fund Strategic Reserve

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Cryptonite UAE

Representative Warren Davidson, a Republican from Ohio, introduced the “Bitcoin for America Act” on Thursday. The legislation aims to permit individuals and businesses to pay their federal taxes in Bitcoin, with those funds being specifically directed to the newly established Strategic Bitcoin Reserve. Key Provisions of the Bill: Payment Option: The bill allows corporate and … Read more

Dogecoin’s First U.S. Spot ETF Goes Live, But Market Reaction is Subdued

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Cryptonite UAE

Dogecoin (DOGE) marked a major milestone with the launch of its first U.S. spot ETF, the converted Grayscale GDOG fund listed on NYSE Arca. However, despite this historic achievement for the memecoin’s mainstream adoption, the market reaction remained notably low-key, lacking the typical speculative fervor seen during previous key events. Muted Price and Derivatives Activity: … Read more

Japan Plans Mandatory Liability Reserves for Crypto Exchanges to Boost Investor Protection

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Cryptonite UAE

Japan’s Financial Services Agency (FSA) is preparing to introduce legal changes that would require crypto exchanges to establish dedicated liability reserves to compensate customers for losses resulting from hacks or operational failures. This move aims to strengthen investor protection in one of the world’s most regulated digital asset markets. Key Details of the Proposal: Reserve … Read more

Revolut’s $75 Billion Valuation Cements Status as Fintech Giant and Crypto Leader

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Cryptonite UAE

Neobank giant Revolut has achieved a $75 billion valuation after completing a major share sale, solidifying its position among the world’s most valuable private fintech companies. The successful funding round, led by firms including Coatue, Greenoaks, and Fidelity, provided liquidity for employees to cash out some of their equity. Key Drivers of Investor Confidence: Soaring … Read more

Plasma (XPL) Plummets Over 11% Amid Bearish Trends and Major Token Unlock

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Cryptonite UAE

The digital asset Plasma (XPL) experienced a significant decline, dropping more than 11% in recent hours, mirroring losses seen by other tokens like Starknet (STRK), despite a generally positive broader market. Key Factors Driving the Decline: Token Unlock: The primary catalyst for the recent selling pressure was the anticipation of a major token unlock. 88.88 … Read more

Stand With Crypto Launches Survey to Back Pro-Crypto Candidates for 2026 Midterms

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Cryptonite UAE

Digital asset advocacy group Stand With Crypto has initiated a candidate survey as part of its preparations to support politicians favorable to the crypto sector ahead of the 2026 midterm elections. The Survey: Sent out this week, the questionnaire aims to learn each qualifying candidate’s position on various crypto-related issues, including: Crypto innovation De-banking Crypto mining … Read more

Franklin Templeton XRP ETF Powers XRP’s Strong Recovery

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Cryptonite UAE

XRP is experiencing a significant bounce, climbing over 8 percent in the last 24 hours to trade near $2.03, noticeably outperforming the broader crypto market’s recovery. This momentum is primarily fueled by the highly anticipated launch of the Franklin Templeton spot XRP ETF (ticker: XRPZ) on the NYSE. Key Takeaways from the ETF Launch High … Read more

Bitkub Exchange Considers $200M Hong Kong IPO Amid Thai Market Slump

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Cryptonite UAE

Thailand’s leading digital assets exchange, Bitkub, is reportedly considering an Initial Public Offering (IPO) in Hong Kong. Sources familiar with the matter told Bloomberg that the exchange aims to raise approximately $200 million and may launch the IPO as early as next year, though discussions are ongoing and details could change. Key Drivers for the … Read more

Major Crypto Token Unlocks Totaling Over $566M Set for Final Week of November 2025

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Cryptonite UAE

The crypto market is bracing for significant volatility as over $566 million worth of tokens are scheduled to be released in the last week of November 2025. Key projects like Hyperliquid (HYPE), Plasma (XPL), and Jupiter (JUP) are among those releasing substantial new supplies, which may impact their short-term price movements. Here is a breakdown … Read more

Bitcoin Rebounds Above $87,000 as Oversold Indicators Hint at Recovery

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Cryptonite UAE

Bitcoin (BTC) has climbed back above the $87,000 mark, reversing a portion of the recent sharp market decline. This move suggests renewed momentum after technical indicators showed the asset was deeply oversold. Despite this recovery, market sentiment remains locked in “Extreme Fear” at a score of just 13 points. However, short-term technical data is showing … Read more

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