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Crypto Industry Urges President Trump to Intervene in Tornado Cash Case and Provide Regulatory Clarity

Cryptonite UAE

Over 65 U.S. crypto organizations, including major industry associations, DeFi builders, and investors, have sent a joint letter to President Donald Trump, calling for an end to the “regulation by prosecution” approach exemplified by the case of Tornado Cash developer Roman Storm. The industry argues that the prosecution of Storm, who was convicted in August … Read more

Crypto.com Partners with VerifiedX (VFX) to Secure $1.5 Billion in Digital Assets

Cryptonite UAE

Crypto.com has announced a significant strategic partnership with the VerifiedX (VFX) Network, focusing on improving the security and movement of large volumes of digital assets. Key Highlights of the $1.5 Billion Deal: Scope: The collaboration covers $1.5 billion worth of assets, underscoring a strong commitment to enhancing trust and safety in the crypto space. Crypto.com’s … Read more

Nvidia’s AI Strength Boosts Crypto Markets and Miners, While Bullish Exchange Turns Profitable

Cryptonite UAE

The financial markets experienced a significant lift following Nvidia’s outstanding third-quarter earnings report, which surpassed Wall Street expectations with strong revenue and earnings per share. The positive sentiment spilled over into the cryptocurrency sector, driving up Bitcoin and crypto mining stocks. Separately, the institutional crypto exchange Bullish reported its strongest quarter since going public, achieving … Read more

Bitcoin ATMs Appear in Nairobi Malls Following Kenya’s New Crypto Law

Cryptonite UAE

Several major shopping centers across Nairobi, Kenya, have recently installed Bitcoin ATMs—dubbed “Bankless Bitcoin” machines—placing them alongside traditional bank ATMs. This move into mainstream retail spaces signals an increasing public presence for cryptocurrency infrastructure. The new ATMs allow customers to buy and sell Bitcoin and conduct cash-to-crypto transactions directly in high-traffic commercial areas. Regulatory Context: … Read more

Binance Pay Surpasses 20 Million Merchants, Driven by Stablecoin Dominance

Cryptonite UAE

Binance Pay has announced explosive growth, surpassing 20 million merchants worldwide. This represents a staggering 1,700-fold increase since the beginning of 2025 and signals an accelerating global shift toward crypto payments, suggesting mass adoption is rapidly approaching. Key Trends Driving Growth: Stablecoin Dominance: The company reports that over 98% of all B2C payments made through … Read more

Global Policy Shifts and Institutional Adoption Drive Bullish Outlook for Bitcoin and Ethereum

Cryptonite UAE

On November 20, Li Hua Yi, founder of Liquid Capital, expressed a highly optimistic outlook for the cryptocurrency market, projecting Bitcoin to reach $1 million and Ethereum to expand tenfold. This bullish sentiment is underpinned by easing short-term risks in the U.S. stock market and significant global policy and institutional shifts. Key Drivers for Crypto … Read more

Starknet ($STRK) Breaks 300-Day Accumulation Phase as Institutional Staking Drives $300M in Network Security

Cryptonite UAE

Starknet’s native token, $STRK, has experienced a significant breakout, surging above $0.27 and ending a 300-day consolidation period. This rally, which pushed daily trading volume past $1 billion, is largely driven by a massive increase in institutional staking demand and a renewed narrative linking the protocol to Zcash’s legacy. Institutional Support & Network Security The … Read more

Bitwise Launches Spot XRP ETF on NYSE, Ticker Symbol ‘XRP’

Cryptonite UAE

Bitwise has officially introduced a Spot XRP Exchange-Traded Fund (ETF), which goes live today on the New York Stock Exchange (NYSE) under the highly desirable and simple ticker symbol XRP. Bitwise views this launch as a major advancement for XRP, which is currently the world’s third-largest cryptocurrency by market capitalization. Key Details of the Bitwise … Read more

World Liberty Financial Executes Emergency Token Burn to Secure $22M from Compromised Wallets

Cryptonite UAE

World Liberty Financial (WLFI) recently utilized an emergency function within its smart contract to safeguard 166.667 million WLFI tokens, valued at $22.14 million, that were held in compromised addresses. The Action: WLFI executed a pre-designed smart contract function that burned the tokens from the compromised wallets. The tokens were then reallocated to secure recovery wallets. … Read more

Abu Dhabi Investment Council Triples Bitcoin ETF Stake Despite Market Volatility

Cryptonite UAE

The Abu Dhabi Investment Council (ADIC), which is part of Mubadala Investment Company, has significantly increased its exposure to Bitcoin, nearly tripling its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) during the third quarter. The Investment: ADIC raised its IBIT stake from 2.4 million shares to almost 8 million shares by September 30. At the … Read more

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