Author: CryptoDigestAlert.com

TLDR: Bybit becomes first crypto exchange to secure UAE’s full SCA license, enabling regulated services nationwide Under the new license, Bybit will offer trading, custody, fiat conversion to retail and institutional clients The license follows Bybit’s In-Principle Approval in Feb 2025 with support from Abu Dhabi’s Blockchain Centre Bybit plans Abu Dhabi regional hub, 500+ UAE hires, and new Web3 education and innovation programs Bybit has secured the United Arab Emirates’ first full Virtual Asset Platform Operator License from the Securities and Commodities Authority (SCA). This licensing opens the door for regulated crypto operations across the UAE mainland.  The exchange…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to Department of Information and Communications Technology (DICT) Sec. Henry Aguda, the government is taking concrete steps to test whether blockchain can make the Philippine national budget more open and traceable. He told the Malacañang Press Corps that a working prototype will be shown to senators and representatives to prove the idea can work. The move comes as lawmakers push a bill that would put budget documents and transaction records on a distributed ledger for public verification. DICT Moves To Build Prototype Aguda said the country…

TLDR: VanEck’s fifth Solana ETF amendment fixes a 0.3% fee, confirming its most cost-efficient crypto ETF proposal yet. The filing adds plans for staking SOL through multiple providers to optimize uptime, performance, and compliance. VanEck Digital Assets, LLC named as the authorized participant, signaling a defined operational framework. Community data from @SolanaFloor confirms the ETF’s flexibility to stake SOL once regulatory clarity improves. VanEck has moved another step closer to launching its Solana spot ETF.  The asset manager filed its fifth S-1/A amendment with the U.S. Securities and Exchange Commission, sharpening terms and finalizing its fee structure. Investors tracking Solana…

With the Bitcoin price seeing some recovery after crashing to $102,000, speculations now abound as to where the pioneer cryptocurrency could be headed next. So far, it has been a mixed bag, with some expecting a rally similar to the COVID rally to follow, and others believing that this is the start of the bear market. In the same vein, a pseudonymous crypto analyst has painted a clear picture of where they expect the Bitcoin price to go, depending on how it performs in relation to the midpoint level. What Happens If The Bitcoin Price Stay Above the Midpoint? Presently,…

Matrixport noted that stablecoin inflows have continued to dominate the market in spite of the crash, signaling that the crypto cycle is still going strong amidst volatility. Summary Despite recent market crashes and increased short positions from whales, the stablecoin sector has remained resilient, with USDT and USDC collectively generating $74 billion in new inflows. Matrixport highlighted the rapid growth and maturity of the stablecoin market, now exceeding $300 billion in value, as evidence of the crypto industry’s diversification. In a recent report, the on-chain analysis platform highlighted the growth of stablecoins and their ability to hold up despite crashes…

TLDR: Kenya’s parliament approved a crypto regulation bill awaiting President Ruto’s signature to become law. The Central Bank will license stablecoin issuers, while the Capital Markets Authority will regulate exchanges. The framework mirrors U.S. and U.K. standards, aiming to attract exchanges like Binance and Coinbase. Kenya joins South Africa as one of Africa’s only nations with comprehensive crypto regulation in place. Kenya is on the verge of making history in Africa’s digital economy.  Lawmakers have approved a sweeping bill that would bring cryptocurrencies and digital assets under government regulation. The move aims to attract global crypto investors while bringing clarity…

Garrett Jin turned into one of the critical voices in crypto space, just days after only appearing as an anonymous whale. Jin, known for his aggressive BTC short positions, now talks about the sector’s need for security reserves.  Garrett Jin was finally identified as the bearish OG whale, who appeared just days before the recent market crash. As Cryptopolitan reported, the whale’s wallets became notorious for opening short positions 30 minutes ahead of the late Friday market crash.  On-chain investigation linked the identity of Jin to some of the OG whale’s wallets. He admitted to holding the positions, though denying…

TLDR: Pyth Network’s partnership with Kalshi enables the first large-scale onchain delivery of regulated event data. Kalshi’s global expansion follows a $300 million raise, reaching 140 countries with a $5 billion valuation. Developers gain access to real-time data from markets like elections, sports, and interest rates via Pyth feeds. The collaboration builds a foundation for event-driven DeFi products backed by institutional-grade data. A new chapter in crypto data infrastructure is unfolding. Pyth Network has joined forces with Kalshi, the U.S.-regulated event exchange, to stream live prediction market data across more than 100 blockchains.  The move links traditional event trading with…

TLDR: Crypto.com’s UAE unit receives first-ever Central Bank approval for a Stored Value Facilities license. The approval allows residents to pay government fees in crypto converted instantly to UAE dirhams. The final license will follow a full system inspection and compliance verification by the UAE regulator. The approval highlights UAE’s growing adoption of regulated digital asset payment frameworks. Crypto.com’s expansion into the Middle East just reached a major milestone. The company’s UAE arm, Foris DAX Middle East FZ-LLC, received In-Principle Approval from the Central Bank of the United Arab Emirates.  Once finalized, the license will let residents pay government fees…

The death of Ukrainian crypto influencer Konstantin Galish has rattled the digital asset community, as investigators explore links to recent market turmoil. Summary Konstantin Galish, aka Kostya Kudo, was found dead in his Lamborghini in Kyiv with a self-inflicted gunshot wound. He was a prominent crypto trader and co-founder of Cryptology Key Trading Academy. Police are investigating possible ties between his death and a reported $30 million crypto loss during the recent $19 billion market crash. Authorities stress the cause of death is unconfirmed, but preliminary findings suggest financial stress may have played a role. Ukrainian crypto trader and influencer…