Josh Craven📈

The United Arab Emirates is taking significant steps to integrate stablecoins into its financial ecosystem: UAE Central Bank Approval: • New stablecoin registration framework • Oversight of UAE dirham-backed stablecoin arrangements DFSA Amendments: • Stricter requirements for stablecoins in crypto token regime Private Sector Innovation: • Phoenix Group partners with Tether • Launch of UAE dirham-pegged stablecoin Key Implications: • Enhanced stability in the cryptocurrency market • Bridge between traditional finance and digital economy • Positioning UAE as a global cryptocurrency hub The global stablecoin market is projected to reach $2.8 trillion by 2028, highlighting the potential impact of these regulations. These developments demonstrate Dubai's commitment to fostering a regulated and innovative digital asset environment, potentially setting a benchmark for other financial centers. #DubaiFinTech #Stablecoins #FinancialRegulation #CryptoInnovation

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🇭🇰Incredible to see that Hong Kong be the first jurisdiction in the world to allow spot Ethereum ETFs while being the first in Asia to approve spot Bitcoin ETFs. Regulators in Hong Kong certainly acted swiftly and at the forefront. 📈These ETFs essentially are traditional financial assets "wrapper" of cryptocurrency and will be accessible to investors who are already trading on Hong Kong stock exchange. 🏦The 3 Chinese asset managers Harvest Global Investments Limited, Bosera Asset Management Co. and China Asset Management Co., Ltd. have so far either received approval in principle or received authorisation to provide virtual asset management services. https://lnkd.in/gAmvnYrd #hongkong #spot #bitcoin #ETH #ETF #approval #harvestglobal #bosera #chinaAMC

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For the first time ever, yieldcoins can be used as collateral on a perpetuals platform.. Thanks to the Drift Labs x Ondo Finance partnership, bringing RWAs to Solana’s DeFi ecosystem🔥 As of tomorrow, USDY will be available as collateral for perps trading and lending/borrowing on Drift Protocol. Enabling traders to simultaneously execute trades and earn yield holding USDY. The team at Drift perfectly summarises this development by saying: “Tokenized RWAs were never meant to just sit idle in wallets Composability with DeFi unlocks a whole new realm of possibilities and utility for such assets” This partnership not only adds more utility to tokenized real-world assets, it also greatly improves capital efficiency for traders. $USDY being added as collateral on Drift is an extremely exciting integration and brings a first of its kind DeFi use case for tokenized public securities. Ondo first expanded its yieldcoins to the Solana blockchain and ecosystem in December of last year - the partnership has flourished since. Make sure you don’t miss our X Spaces with the Drift team tomorrow, link in the comments below👇 (NOTE: USDY is not, and may not be, offered, sold or otherwise made available in the US or to US persons. USDY also has not been registered under the US Securities Act.)

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If ever wondered how memecoins work 😂 And if you ended up like on of those rats at the bottom and now need a job - check out our latest #blockchainheadhunter openings via https://bit.ly/3jIlL77

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🚀 a16z crypto just released their State of Crypto 2024 report - See below 🚀 It's no secret that the #crypto, #blockchain, and #Web3 space is evolving at lightning speed. This year’s report from a16z crypto provides some invaluable insights into where we’re heading next—and there are a few key trends that every founder, investor, and enthusiast should be paying close attention to. 📊 🔍 Key takeaways: 1️⃣ User Adoption is Growing: Despite market volatility, global crypto adoption continues to rise. The report highlights increased engagement in emerging markets, where crypto is transforming financial access. 🌍 2️⃣ Developers Keep Building: Developer activity is at an all time high in this space, with more developers building across various ecosystems like Ethereum and L2s. We're partnering with some of the most exciting companies in this space and can definitely vouch for the truth behind this! 💻 3️⃣ Regulation is Taking Shape: We’re seeing a shift towards more constructive conversations around regulation. As frameworks become clearer, it could pave the way for broader institutional adoption. 🏛️ 4️⃣ AI x Crypto: The correlations between AI and crypto is just starting to take off, potentially opening new frontiers for decentralized applications and data management. There are huge similarities in the adoption rates and trends throughout both industries. It's going to be exciting watching both spaces grow together and interact with one another. 🤖🔗 The report also raises some important questions about scalability, UX challenges, and the role of stablecoins in the evolving ecosystem. 💡 My take? It's still early! There’s an incredible opportunity to shape the future of the internet and financial systems throughout the world. The builders who lean into these trends will be the ones defining the next chapter of Web3. 👉 Click to read the full report below and let's discuss—what excites you the most about the future of crypto? 🚀👇 https://lnkd.in/eRwx88kJ #Crypto2024 #Web3 #Blockchain #Innovation #a16z #FutureOfFinance #Decentralization #AI

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💡Have no intention to read this 44 pages Global Crypto Regulation Landscape report but like the juicy part? Bingo, I’ve summarised this below and added recent development on top. Key Summary: ⭐#1 MiCA sets a precedent for comprehensive crypto regulation - came into force in June 2024 for stablecoins   ⭐#2 Expansion of the Travel Rule to include crypto transactions is now a global trend. Requires originating institution to share info regarding the payments ⭐#3 Growing regulatory focus on stablecoin - EU, SG and HK are leading the way ⭐#4 FATF in March 2024 published a report assessing 58 jurisdictions with significant VASP exposure while 75% of jurisdictions being partially or non-compliant to AML/CFT standards 🇺🇸US - Intensifying efforts to prevent money laundering, enhancing oversight of sanctions evasions, enforcing AML/CFT standards and addressing stablecoin risks - Imposed multiple sanctions and SEC taken aggressive stance by targeting Uniswap, which received the Well’s notice - Lack of progress in passing legislation to crypto. The US House passed the Financial Innovation and Technology for the 21st Century Act but the bill faces hurdles by SEC  🇪🇺EU - MiCA goes into effect for stablecoin and e-money token issuers from Jun'24. While Circle received stablecoin issuer license, we have seen USDT being removed from Coinbase more recently as they are not seeking license - While MiCA is EU-specific, it is influencing regulatory approaches in other regions - In Mar'24, ESMA published first report outlining rules for Cryptoasset Service Provider (CASP), while broader CASP regulation will come into effect in 2024 🇦🇪UAE - In Jun’24, UAE Central Bank approved its stablecoin regulation. Tether later then announced to launch the first to be licensed stablecoin pegged to AED under the Payment Token Services Regulation   - Solidified UAE’s CBDC strategy and sent AED50m from UAE to China via mBridge, a platform that allows cross border payment 🇭🇰Hong Kong - SFC’s VATP (crypto exchange licensing) regime started in Jun’2024 enforcing all exchanges to be licensed. 11 crypto exchanges including crypto.com, Bullish received deemed license. HKVAX received the 3rd VATP license more recently - In Jul’24, HKMA announced the stablecoin consultation results, while a list of 3 stablecoin sandbox participants been announced - In Apr’24, SFC approved 3 firms (China AMC, Bosera AM, Harvest Global) to launch BTC and ETH ETFs listed in HK, 4 months after SEC approved 11 Bitcoin ETFs. 🇸🇬 Singapore  - In Jul’24, Paxos received MAS’ approval to offer it’s stablecoin under Major Payments Institutions (MPI) license  - OKX SG, GSR, BitGo received the MPI licenses earlier this year Travel Rule Service Providers: VerifyVASP, Notabene Crypto surveillance, monitoring service providers: Elliptic, Solidus Labs, Chainalysis Elliptic's Full report: https://hubs.la/Q02RDNkd0 #crypto #regulation #global #report #summary #MiCa #SEC #VARA #MAS #HKMA #SFC

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🚨 Tokenisation, stablecoins, staking - what's next for the UK?🚨 Two speeches of note today at the City & Financial Global Tokenisation Summit. 1️⃣ Sasha Mills, Executive Director for Financial Market Infrastructure at the Bank of England, talked about innovation in wholesale financial markets. 2️⃣ Tulip Siddiq, Economic Secretary to the Treasury, talked about the government's plans for crypto, stablecoins and staking. 🤔 What did they say? 1️⃣ Sasha Mills, on innovation in wholesale financial markets: Digitisation has been the combustion engine of financial markets, transforming paper-based systems to computer-based activity, on to the digital systems of today. Tokenisation can further revolutionise financial markets. Not a novel concept – but the real innovation is the type of infrastructure on which that token sits, and what that enables. ✅ Distributed ledgers can reduce the need for a single central party to perform record-keeping on the ledger. ✅ No single point of failure in how critical data is stored. ✅ Cryptographic techniques to secure data can reduce risk by improving the security and integrity of financial transactions ✅ Programmability has facilitated the consolidation and collapsing of the trade and post-trade functions, resulting in reduced settlement risk, and unprecedented efficiency gains in the trade lifecycle. 🤔 What is the Bank of England’s role in this reinvention? ✅ Digital Securities Sandbox (DSS): ➡ allows industry to experiment with developing technologies to issue, trade and settle digitally native securities, and ‘digital twin’ tokenised securities in a safe and secure environment for a range of regulated asset classes. ✅ Innovations in Money: ➡ Money needs to keep up with tokenised assets. BoE considering ways to enhance usefulness of central-bank money as a settlement asset for digital asset transactions. Also considering what additional functionality a wholesale central bank digital currency could bring. ✅ Post-trade settlement: ➡ Traditional processes are sequential and often manual, time-consuming, costly, and operationally risky for all users of financial markets. The tokenisation of securities on distributed ledgers – digital securities – offers the potential to merge trade and post-trade functions, shortening settlement cycles and offering more programmability and automation in financial transactions. 2️⃣ Tulip Siddiq, on plans for crypto, stablecoins and staking: ✅ Government to introduce regulatory regime for cryptoassets. ✅ Stablecoins to be regulated at same time as cryptoassets. ✅ Issuance and custody will be regulated. ❌ No longer a phased approach. ❌ Stablecoins not to be in scope of payment services regulation. ❌ Staking is not a Collective Investment Scheme. ............. 🤔 What's next? ⏩ Expect to see the framework early next year. I'd love to hear your thoughts 👉 #HMT #BoE #innovation #tokenisation #stablecoins #staking

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Ready to dive into the world of crypto lending? Let's take a closer look at some key players. First up, #Kamino 🪙. This game-changer in DeFi has seen over $2.74B in loans from 50.6k users in just 90 days! But it's not all sunshine and rainbows. Borrower numbers and loan uptake are on a downward trend. Next, #Morpho 🦋. This decentralized lending protocol has reached a whopping $3B+ total deposit! And it's not slowing down anytime soon with its deployment on Base, the first L2 deployment for the protocol. Then there's #Aave 👻. What a year it's been for this protocol! Its TVL has surged by over 100% since the start of 2024. But they're facing a challenge with their stablecoin GHO - strong issuance but a need for broader adoption. #Gearbox Protocol ⚙️🧰 is another one to watch. It's crossed $300M in TVL, that's an 11X increase in just 4 months! But it's also had its share of challenges, with a major liquidation event when ezETH depegged. #Aries Markets 🌊 is leading the pack on Aptos with $260M in TVL and $120M in borrowed assets. It's got over 700k users and counting! Last but not least, #Spark 🔥. Since its launch a year ago, it's surpassed $4.82B! Its partnership with MakerDAO is expanding the DAI ecosystem and generating significant revenue. So there you have it! A snapshot of the movers and shakers in crypto's lending landscape. Want more insights like these?

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On Monday, Hong Kong’s SFC gave their in-principle approval of exchange traded funds for Bitcoin and Ether. Whilst we wait for the regulator to refine the details and a date for go-live, this is, no doubt, a bold move and a significant market opportunity for the region 🚀 This milestone could attract both retail and institutional investors seeking secure and regulated exposure to Bitcoin, and also open a route for mainland Chinese to invest in crypto. Great to contribute to Sebastian Sinclair and Callan Quinn's DLNews's article on Hong Kong's advances. Check out their piece here 👉🏽 https://lnkd.in/g-pyzCXA #HongKong #Bitcoin #BitcoinETFs #Cryptocurrency #CryptoMarkets #Regulation #HexTrust

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The 2024 #Crypto Content Creator Campus in #Dubai just showed us something incredible: When #creators and #blockchain innovators come together, magic happens 👍 Over 200 content creators 1 billion+ collective views $90,000 in prizes 4 days of pure innovation The summit brought together the brightest minds: - Randi Zuckerberg sharing livestream audience secrets - Katie Penn exploring social media evolution - Nick Tran discussing influence monetization - Zach King revealing content strategies What made it special? Real conversations about crypto content Practical monetization strategies Direct access to industry leaders Genuine community building The CCCC Hacker House Challenge proved it: Five Guys Team didn't just win—they redefined creative excellence. Dubai's blockchain vision isn't just talk— It's happening right now ✨ And the creator economy in crypto? It's not waiting for permission. This isn't about following trends. This is about setting them 💫 The future of crypto content creation isn't coming— It's already here, and Dubai is leading the way. ......... Do you have a growing Web3 or Blockchain project? Make sure you have the right talent by your side. Austin Werner Ltd is not just a headhunting firm; we're pioneers in pairing transformative projects with visionary minds. Let's start the conversation and unlock your project's potential together. 🚀 Connect with us at 📧 [email protected] or drop us a message right here on LinkedIn. #BlockchainTalent #Web3talent #Headhunting #Austinwerner

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In the world of Crypto, Web3, DeFi and Blockchain, resilience isn’t just about systems—it’s about people. While the infrastructure may need to handle high volumes of data, the real strength lies in the team behind it. The best teams are those who can perform under intense pressure, adapt swiftly to market volatility, and drive ongoing innovation in response to new challenges. These are individuals who excel at navigating fast-paced environments and thrive in roles where agility is key. At Source Control, our mission is to build these resilient teams from the ground up. We focus on finding not only technically skilled candidates but also those with the right mindset to handle unique demands—people who can think on their feet, manage stress effectively, and work seamlessly within high-stakes environments. We believe that building a resilient team starts with understanding each client’s unique demands, pressures, and culture, then sourcing candidates whose skill sets and values align with those needs. A robust team is, after all, one that can drive performance, recover quickly from setbacks, and stay motivated even as market dynamics evolve. If you’re looking to build a resilient trading team equipped for today’s challenges and tomorrow’s innovations, let’s connect.

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Ondo Finance's token offering will now be integrated to over 90 blockchains in the cosmos ecosystem🌐 𝐈𝐧 𝐜𝐚𝐬𝐞 𝐲𝐨𝐮 𝐝𝐢𝐝𝐧'𝐭 𝐤𝐧𝐨𝐰.. Cosmsos interoperability network includes many big names, such as dYdX, Sei Network, Injective Labs and Celestia Labs. Ondo will use https://nobleassets.xyz/ as a "routing hub" for liquidity across the Cosmos ecosystem. This is pretty huge news, given that Ondo has now deployed its products across such a large number of thriving ecosystems. Sui, Solana, Polygon, Mantle, Aptos, Injective and now 90 other blockchains on Cosmos, thanks to Noble. 𝐎𝐧𝐝𝐨 𝐡𝐚𝐬 𝐭𝐡𝐞 𝐩𝐞𝐫𝐟𝐞𝐜𝐭 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐢𝐧𝐠.. It's products are institutional-grade, yet DeFi leaning, making them attractive to tradfi participants, whilst benefiting from the network effect that comes from deploying in leading blockchain ecosystems. Having defined its product-market-fit so early on, has also helped to give them such a competitive edge - the use case for RWA-backed yield bearing stablecoins is very clear. The recent decision to move $90M worth of assets backing OUSG to Blackrock's new tokenized fund (BUIDL), was a fantastic move. 𝐖𝐢𝐭𝐡 $300𝐌 𝐢𝐧 𝐓𝐕𝐋 𝐚𝐜𝐫𝐨𝐬𝐬 𝐢𝐭𝐬 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐚𝐥𝐫𝐞𝐚𝐝𝐲.. It's pretty safe to say that $Ondo is off to a flying start, yet I feel there is so much more to come. Ondo Global Markets, announced recently is a product that will enable them to capture an even larger market share, focused more broadly on securities tokenization, without being limited to its current t-bill exposed products. Below, I have dropped the Coindesk article covering this big new partnership and more information on Ondo GM for you to digest👇

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𝐓𝐡𝐢𝐬 𝐢𝐬 𝐚 𝐠𝐨𝐨𝐝 𝐨𝐧𝐞 ... 🚀 🔍 - US Sales Executive 🏢 - $630m funded Web3 Start-Up 📍 - Based in NYC or San Fran 💰 - $300k + Stock & Tokens This is a brand 𝐧𝐞𝐰 𝐜𝐥𝐢𝐞𝐧𝐭 for StealthWatch and they genuinely are one of the best Web3 start-ups in the world right now. See some key points of info below: 🦄 - Web3 'Unicorn' 📈 - New VP Sales who has IPO'd both of his last 2x Start-Ups 💰 - This is the 2nd hire of a new strategic team. The founding team member closed $3.5m Y1 from a standing start This is potentially the best opportunity in Crypto right now to 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞 𝐚 𝐦𝐚𝐬𝐬𝐢𝐯𝐞 𝐖𝟐. If you are based in 𝐍𝐘𝐂 or 𝐒𝐚𝐧 𝐅𝐫𝐚𝐧 - get in touch today to find out more 😎 #crypto #web3 #blockchain #ethstaking #cryptosecurity #cryptocompliance #cryptosales #web3sales #web3security

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#DecentralisedAi as a vertical is shaping many exclusive #Ai focused #Blockchain protocols. #defitrend #decentralisedcryptoaifunds are exploring various projects that are native to these research. One such is Grayscale, which has gained more visibility in digital assets space as Grayscale Bitcoin Trust, which is the second largest spot bitcoin ETF behind BlackRock's IBIT (GBTC held $17.68 billion in assets under management) FABC LLC has tracked this trend a year back and has built Blochchain Ai protocols for digital assets trading (Sniper Bots | Arbitrage Bots | Prediction Bots) and Digital Assets community chatbots | validation Bots | decentralised Skill market place framework. Each of these Protocols have fetched Customers who are part of the research in implementation and also furthering our innovation from the centre of excellence @fabclabs https://lnkd.in/eyYPesMb

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🚀 Is Polkadot's JAM Upgrade a Blockchain Revolution? 🌐 What impacts do you think the JAM upgrade will have on the future of blockchain technology? Share your thoughts!

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