Scallop (SCA) news

Tether reserve activity resurfaces with $705M Bitcoin transfer from Bitfinex, holdings peak 82K BTC

Share link:In this post: Tether adds 7,629 BTC, boosting reserves to 82,983 BTC worth $7.68B, amid a $1.1B drop in USDT supply and MiCA regulatory pressure. Bitcoin trades near $92,000 as USDT contraction impacts liquidity; RSI at 44.78 and OBV at 90K signal bearish market sentiment. EU banks expand stablecoin offerings after MiCA clarity, while SG-Forge partners with institutions to advance Euro-backed blockchain solutions.

UAE now holds $40 billion in Bitcoin

Share link:In this post: The UAE now holds $40 billion in Bitcoin, proving itself as a global crypto leader with a thriving blockchain ecosystem. Between July 2023 and June 2024, crypto transactions in the UAE hit $34 billion, with stablecoins dominating 51% of the activity. The country’s pro-crypto regulations, including strict AML and KYC rules, have attracted massive institutional and retail investment.

Scallop: Total revenue has exceeded 3.5 million US dollars, a loyalty program of 100,000 US dollars is about to be launched

Scallop: Total revenue has exceeded 3.5 million dollars, a loyalty program of 100,000 dollars is about to be launched

$147 billion Oddo plans stablecoin launch with Fireblocks

The revenue of the Sui ecological lending agreement Scallop has broken through 2.5 million US dollars

SUI price has gained 70% in a week and is targeting $10

SUI Price Surges 70% in a Week, Fuels Speculation of a Move Towards $10

SUI has surged a substantial 70% in the past seven days. The TVL of Sui Network has risen to $1.383 billion as well. SUI RSI reads a value of 78, confirming that the altcoin is overbought.

Scallop will airdrop to SuiPlay Mythic NFT holders in 2025

Cardi B’s Meme Coin in Hot Water: UAE Begins WAP Investigation

Cardi B’s $WAP token under investigation in UAE

Share link:In this post: The UAE Securities and Commodities Authority has initiated an investigation into $WAP, a Solana-based token promoted by Cardi B. Accusations include market manipulation and fraud, with key influencers allegedly paid to boost the token. Crypto analysts tied a wallet Cardi B shared to a known scammer, raising red flags.

UAE’s SCA Probes Cardi B-Linked WAP Token for Crypto Fraud

UAE Regulator Calls for SEC Probe into Cardi B-Promoted WAP Token

From Hydro to Solar: UAE’s Rise as a Global Bitcoin Mining Contender

Scallop: Total Transaction Volume Surpasses $100 Million

Scallop: Total transaction volume exceeds $100 million

Scallop (SCA) TVL reaches a historical high of 175 million US dollars

Forbes Digital Asset Board Adds Scallop (SCA)

UAE Brings Crypto in Line with Traditional Finance by Exempting VAT

The UAE has exempted cryptocurrency transactions from VAT, retroactively applying the rule since January 1, 2018, significantly benefiting the crypto ecosystem and treating it similarly to traditional finance.

UAE Authorities Exempt Crypto Companies from VAT

UAE Eliminates Value-Added Tax From Crypto Transactions in New Regulation Amendment

The UAE Exempts Crypto Transactions from VAT

The UAE Has Exempted VAT on Cryptocurrency and Digital Asset Transfers

UAE exempts crypto transfers and conversions from VAT

UAE exempts crypto transfers, conversion from value-added tax

Dubai Tightens Crypto Marketing Rules to Enhance Investor Protection

Middle East accounts for 7.5% of global crypto volume — Chainalysis

Dubai regulator tightens rules on crypto marketing

Scallop Agreement Revenue Tops $2 Million

The TVL (Total Value Locked) of Sui ecological lending protocol Scallop has broken through 150 million US dollars