);)
According to a report released on the 26th by blockchain analysis platform Chainalysis, the Middle East accounts for approximately 7.5% of global cryptocurrency trading volume due to active trading by institutional investors. According to the report by Chainalysis, the cumulative cryptocurrency trading volume that occurred in the Middle East over the past year was $338.7 billion, and most of the transactions came from institutions and professional investors. Approximately 93% of the transactions that occurred in the Middle East were over $10,000, and the trading rate of individual investors in the Middle East was only about 1.8%.
2. Mark Cuban: “I want to be SEC Chairman in Harris administration”
Billionaire investor and cryptocurrency-friendly entrepreneur Mark Cuban expressed his desire to become the chairman of the U.S. Securities and Exchange Commission (SEC) in the event of a change of government in an interview with foreign cryptocurrency media outlet Decrypto on the 27th. Cuban expressed his open support for the Harris administration and said that he would like to replace the current SEC Chairman Gensler if the Harris administration takes office.
3. Dubai Amends Law to Mandate Cryptocurrency Companies to Label Speculative Value
The Dubai Virtual Currency Regulatory Authority (VARA) added a provision to its cryptocurrency law on the 26th, requiring cryptocurrency promotion companies to indicate the speculative nature of cryptocurrency investments when promoting their projects. The updated legal provision by VARA states that cryptocurrency promotion companies must include the following statement in their promotional projects: “Investments in cryptocurrencies may result in the loss of all or part of the investor’s assets and may be subject to extreme price volatility.”
4. SEC Chairman Gensler: "Bitcoin is not a security"... DeFi announces intention to incorporate securities laws
SEC Chairman Gary Gensler reaffirmed his position that Bitcoin (BTC) is not a security in an official interview with CNBC on the 26th. Chairman Gensler then announced that he would include DeFi in the legal provisions related to “securities exchanges” under U.S. securities law.
5. Tron Launches NFT Platform ‘NFT Pump’
Justin Sun, founder of Tron, announced the launch of the Tron-based NFT launch platform 'NFT Pump' through his X account on the 26th.
Reporter Kwon Seung-won ksw@
