Weekends are around the corner, which means it’s time to welcome the new weekly crypto news digest! Today we will cover different topics from the blockchain and crypto world: from new security threats and sensitive data leaking to the announcement of the digital currency in UAE. Let’s break down the biggest stories shaping the industry right now.
UAE’s Digital Dirham Set for Q4 2025 Launch
On Friday, the UAE’s governor Khaled Mohamed Balama made an announcement that they decided to take a step in he central bank digital currency (CBDC) race and expect the “Digital Dirham” to roll out in the fourth quarter of 2025.
Maybe the question popped into your head, “Why do they even need to launch digital dirham?”. This digital currency is expected to modernize the nation’s financial system, streamline cross-border payments, and enhance the efficiency of transactions within the country.
The last point about transactions within the country is crucial because the report indicated that the digital dirham and its physical equivalent will be recognized as a means of payment across all payment platforms. As we can see, the UAE’s progressive approach to blockchain and digital assets positions it as a possible future leader in financial innovation.
Predictions About Bitcoin’s Road to $123K
This week brought a lot of fresh insights about Bitcoin. One of them is that the crypto analyst of “Real Vision” Jamie Coutts has laid out a compelling case for BTC reaching $123,000. He highlighted Bitcoin’s historical price patterns and compared the current cycle with previous market movements.
A small reminder: last week we discussed the dramatic drop of BTC on the market. BitMEX co-founder Arthur Hayes shared his market forecast and suggested that Bitcoin might find its local bottom at $77,000 during the correction phase. He focused on factors like macro uncertainty, US Federal Reserve policies, and profit-taking from institutional investors that could temporarily push BTC lower. So if the
According to Coutts’ analysis, BTC follows a trajectory that could push it past six figures if macroeconomic conditions remain favorable. However, he also warns of potential corrections along the way. With institutional demand growing and adoption increasing, BTC’s upward movement may not be a question of “if” but “when”.
Bitcoin ETFs See A Week of Net Inflows
And in the continuation of the good news about BTC – U.S. spot token’s ETFs continue to attract capital, marking the 10th consecutive day of net inflows. On Thursday alone, the Bitcoin ETFs recorded a total daily net inflow of $89 million, according to SoSoValue data.
This demand showcases investors’ growing confidence in BTC as a legitimate asset class. Analysts suggest that institutional interest in this blockchain network is not fading despite occasional market dips. With large financial firms getting increasingly involved, Bitcoin’s long-term outlook remains bullish.
Could this be a sign of a new bull run? We’ll know only in the next few weeks!
New Security Alert: Hackers Selling Binance & Gemini User Personal Data
Another week, another crypto threat! A massive data breach has put Binance and Gemini users at risk, with hackers selling leaked personal information on the dark web.
Reports indicate that leaked data includes email addresses, phone numbers, and transaction details. This incident raises concerns over centralized exchanges’ security measures and the importance of self-custody solutions. Crypto users are advised to activate two-factor authentication (2FA) and remain vigilant against phishing attempts.
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The Final Thought
Well, this week prepared a bunch of hot takes from the crypto and blockchain world. Bitcoin’s bullish trajectory and ETF inflows suggest a maturing market, while the UAE’s CBDC launch highlights the growing institutional acceptance of blockchain technology.
Nevertheless, there is also news about crypto fraud and threats. Security remains a pressing concern, reminding users to stay cautious.
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