🔥 UAE’s new financial law pulls DeFi and Web3 into regulatory scope
Federal Decree Law No. 6 expands the UAE central bank’s authority over DeFi, ending the "just code" defense and imposing penalties of up to $272 million.
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🔝 Crypto VC activity hits $4.6B in Q3, second-best quarter since FTX collapse
Half of the venture capital raised in the third quarter was from seven venture deals, with Revolut leading the way with a $1 billion investment.
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🪙 Santiment: The number of wallets holding at least 100 BTC has risen by +0.47% since November 11th
Meanwhile, small wallets (especially 0.1 $BTC or less) have been shrinking in number. Retail capitulation will generally play out well for crypto prices in the long run.
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🔥 Bloomberg: Galaxy Digital explores Polymarket, Kalshi partnerships as liquidity provider
Polymarket and Kalshi are the two dominant prediction market platforms, which have seen around $42.4 billion in cumulative volume.
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