Likely. SCA-VARA’s crypto license mutual recognition unifies the UAE’s regulatory framework. It cuts VASPs’ operational costs and approval delays, attracting global crypto firms. With its geographic advantage, the Middle East may evolve into a new hub for crypto trading and investment.
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Ripple's RLUSD integrated with XRP Ledger, pushing Ethereum-like smart contracts to 1,400 in a week, boosting DEX volume. No specific data on DeFi protocol count growth.
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Changes in the long-short ratio reveal divided investor preferences. On Binance, the top traders’ long-short ratio has dropped from 1.8x a decade ago to 1.5x now, showing weakened bullish sentiment. On OKX, the ratio has fallen below 1x to 0.9x, reflecting that some large investors have shifted to a bearish stance.
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