Dubai Crypto & Coffee at 8 ☕ 🚨 Dubai: 11th May 🚨 🚀 Bidenflation 4.9% 💥Marathon Digital Holdings mining operations in Abu Dhabi 🚨 Tether.to USDT $1.48B profit, 🔥Grayscale files for 3 ETFs
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11th May: Crypto & Coffee at 8🚀 Bidenflation 4.9% 💥Marathon Digital Holdings) mining operations in Abu Dhabi 🚨 Tether.to) USDT $1.48B profit, 🔥Grayscale Investments) files for 3 ETS, ⚡ Boba Network) new record!

🚀 Bidenflation at 4.9%: CPI numbers can be found via the Bureau of Labor Statistics) here https://lnkd.in/dZBYUEsx) How will this impact the price of Bitcoin & Cryptocurrency?

❗ Inflation slowing down should positively reflect on the price❗

🚨 Check the Blockchain DXB)s podcast we cover this in detail & share our thoughts & commentary on this. The podcast link is here.- Spotify) https://lnkd.in/d_SWRc7c)- Apple) https://lnkd.in/dGDejh5q)- Google) https://lnkd.in/dSbY7p58)- Anghami) https://lnkd.in/dFUtiDWe)

🔥 Bitfinex)s Tether.to) USDT’s latest Q1 2023 assurance report shows a reserves surplus at an all-time high of $2.44B, up $1.48B in Net Profit. Very strange considering the fact the 24-hour volume in 2023 has been the lowest since inception. Blog here https://lnkd.in/dtf4k-Kj) The audit was done by BDO Italia)

• Tether USDT market cap: $82.52B- Tether USDT 24-hour volume: $30.03B

The blog states Tether closed the first quarter of 2023 with $81.8B in consolidated total assets. The majority of its reserves are invested in US Treasury Bills. 

🚨 Grayscale Investments) introduces Grayscale Funds Trust and Files for 3 ETFs They mentioned via @Twitter that they are proud to announce the formation of Grayscale Funds Trust, a Delaware statutory trust structure that enhances our capabilities as a global asset manager. More info on this here https://lnkd.in/dcUhfYtW)

🚨 It’s important to note that there exists an unsettled battle between Grayscale and the U.S. Securities and Exchange Commission), rooted in the conversion of the $17 billion Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF product. Craig Salm) Grayscale’s Legal Office has pointed out that, the SEC has been partial in denying the company’s application while approving a number of Bitcoin Futures ETFs. More info via Investing.com) here https://lnkd.in/d_dGMNuz) 

Boba NetworkDailyCoin) has reported that Boba Network, BNB Chain’s Layer-2 scaling solution, has recently witnessed remarkable success by processing an impressive 2.86 million transactions in the month of April alone, averaging over 100,000 transactions per day. This notable accomplishment stands as a record-breaking achievement for Boba Network, considering its previous performance of 585,818 transactions in March and 99,362 transactions in February. These statistics signify a substantial surge in the adoption of the Boba Network) by BNB Chain users, a trend further validated by the network’s current count of over 45,000 active wallets. Article here https://lnkd.in/dNdp8Atm)

🚨 Two UAE news ( See slides)⚡ Dubai crypto exchange MaskEX Global) gets VARA approval for launching operations in UAE⚡ Marathon Digital Holdings) announces immersion crypto mining operations in Abu Dhabi

For slides click here: https://tinyurl.com/46638fm8)

LinkedIn Profile: https://tinyurl.com/569zh78j)

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