Bitgo Secures VARA Broker‑Dealer License to Launch Regulated Institutional Trading in Dubai

Bitcoin ETFs are on a roll, attracting a remarkable $876.5 million in inflows despite a slight dip in the asset's price. This trend highlights the growing confidence among investors in Bitcoin as a viable investment option, especially as the price hovers around $122,000. The sustained interest in Bitcoin ETFs suggests that many believe in the long-term potential of cryptocurrency, making this a significant moment for the market.

Dogecoin's price has dipped below $0.25, currently trading at $0.2447, reflecting an 8.42% drop in the last 24 hours. This decline highlights the cryptocurrency's struggle to maintain key support levels, indicating renewed pressure and weak momentum in the short term. Understanding these fluctuations is crucial for investors as they navigate the volatile crypto market and look for potential recovery drivers.

At GITEX GLOBAL 2025 in Dubai, global tech leaders are coming together to drive advancements in future-critical sectors. This event is significant as it showcases the latest innovations and collaborations that can shape the future of technology, emphasizing the importance of collective efforts in addressing global challenges and fostering economic growth.

Crypto analyst Barri C has made an exciting prediction about XRP, suggesting that its price could soar to between $3 and $1,000. He notes that the current market pattern closely resembles the one from 2017-2018, just before XRP experienced a massive surge. This insight is significant as it indicates a potential repeat of past performance, which could attract traders and investors looking to capitalize on the anticipated price movement.

BitGo has successfully secured a VARA license, a significant achievement amid a regulatory crackdown in Dubai where 19 companies faced financial penalties for their digital asset activities. This approval not only highlights BitGo's commitment to compliance but also positions it favorably in the MENA region's evolving digital asset landscape, which is crucial for fostering trust and innovation in the industry.

Ondo Finance's acquisition of Oasis Pro marks a significant milestone in the digital asset industry, as it secures SEC-registered licenses that enhance its regulatory standing. This move positions Ondo as a leader among US digital asset firms, equipped with a comprehensive framework that includes a broker-dealer, alternative trading system, and transfer agent. This acquisition not only strengthens Ondo's market position but also reflects the growing importance of regulation in the rapidly evolving digital asset landscape.

Dubai's crypto regulator has taken a significant step by sanctioning 19 companies for operating without licenses and violating marketing regulations, imposing fines that can reach up to $163,000. This crackdown is crucial as it aims to enhance the integrity of the cryptocurrency market in Dubai, ensuring that only compliant operators can thrive. Such measures not only protect investors but also bolster the overall reputation of Dubai as a safe and regulated environment for digital assets.

Bitcoin's spot volume has seen a significant rebound, coinciding with a recent price rally that has captured the attention of traders. This uptick in trading interest is a positive sign for the cryptocurrency market, suggesting that investors are becoming more active again. As Bitcoin approaches its all-time high, this renewed engagement could indicate a potential for further growth, making it an exciting time for both seasoned and new investors.

Binance has revealed its plans to list Aster, a significant move for the decentralized exchange project, despite ongoing allegations of wash trading within the crypto community. This listing could enhance Aster's visibility and credibility, but the accusations raise concerns about market integrity. As the crypto landscape evolves, how Binance navigates these challenges will be crucial for its reputation and the trust of its users.

Defillama has decided to delist the trading volumes of Aster Perp due to concerns over suspected wash trading activities. This move highlights the ongoing issues within the cryptocurrency market, where transparency and integrity are crucial for investor confidence. By taking this step, Defillama aims to maintain its credibility and protect users from potential manipulation, which is essential in fostering a healthier trading environment.

Morgan Stanley is making waves in the investment world by recommending that clients consider allocating up to 4% of their growth portfolios to cryptocurrencies. This move comes as the firm prepares to launch retail crypto trading next year, signaling a significant shift in how traditional finance views digital assets. By advocating for a conservative approach to crypto exposure, Morgan Stanley is not only embracing innovation but also helping clients navigate the evolving landscape of investments, which could lead to new opportunities for growth.

Uganda is making strides in the digital economy by piloting a $5.5 billion tokenized economy initiative in collaboration with the Global Settlement Network and Diacente Group. This project aims to integrate real-world infrastructure with a central bank digital currency (CBDC), which could significantly boost economic growth in the region. The initiative is noteworthy as it showcases Uganda's commitment to embracing innovative financial solutions, potentially setting a precedent for other nations looking to modernize their economies.

A notable Bitcoin investor has sold 3,000 BTC for $363.87 million in USDC, with each Bitcoin priced at $121,291. This move may indicate a shift in market dynamics as Bitcoin whales diversify their portfolios into Ethereum and stablecoins, potentially affecting Bitcoin's long-term dominance in the cryptocurrency market.

The Bank of England is considering exemptions to its stablecoin regulations, a move that could foster innovation in the digital currency space. This is significant as it may encourage more businesses to explore stablecoin solutions, potentially enhancing the UK's position in the global fintech landscape.

Sunny Mining has launched an innovative smartphone-based cloud mining platform that allows users to mine cryptocurrency directly from their mobile devices. This development is significant as it simplifies the mining process, eliminating the need for expensive hardware and complex setups, making cryptocurrency more accessible to a broader audience.

$BNB has made headlines by surpassing $XRP and $USDT to become the third largest cryptocurrency in the world, with a market cap of approximately $183 billion. This surge, reaching a high of $1,335 before settling at $1,308, reflects a remarkable 50% increase over the past month. This growth not only highlights the rising popularity of BNB but also signals a shift in the crypto market dynamics, making it an exciting time for investors and enthusiasts alike.

The BNB memecoin launchpad, Four.Meme, has made headlines by surpassing Solana's Pump.fun in daily revenue, showcasing a significant shift in the meme market. This development highlights the growing popularity and potential of Binance-based memecoins, indicating a vibrant and competitive landscape in the cryptocurrency sector. As more investors turn their attention to BNB, this could lead to increased innovation and opportunities within the memecoin space.