Blockchain technology is emerging as a key solution for ensuring compliance with Sharia Law in finance, according to Mohemed AlKaff AlHashmi, co-founder of the Haqq Network. With a global Muslim population of around 2 billion, the Sharia finance industry, valued at $4 trillion, faces challenges in verifying halal income sources due to traditional financial system limitations. The demand for Sharia-compliant crypto products is growing, as evidenced by platforms like Marhaba Network and Bybit, which are catering to this market with innovative financial solutions.
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News from SAU
Generated 5 posts last week Crypto Market Surges to New Heights Driven by Bitcoin and AI Interest
The cryptocurrency market achieved a record high market cap of $3.91 trillion in December 2024, driven by Bitcoin’s remarkable performance, which reached an all-time high of $108K and became the seventh largest global asset. This surge was fueled by positive regulatory developments, including the approval of spot Bitcoin ETFs, which attracted over $50 billion in institutional investments. Additionally, the growing interest in AI agents within the crypto sector, highlighted by the success of the GOAT token and the VIRTUAL token’s $4.2 billion market cap, signals potential for significant industry growth in 2025.
read moreUS Bitcoin Act Could Transform Institutional Adoption and Market Dynamics
Establishing a strategic Bitcoin reserve in the U.S. could significantly boost Bitcoin adoption, surpassing the impact of upcoming ETF launches, according to CoinShares. The proposed Bitcoin Act aims to direct the Treasury to acquire 1 million BTC over five years, with support from President-elect Trump. This initiative could enhance Bitcoin’s credibility among institutional investors and potentially drive its price past $1 million per coin, especially with additional inflows expected from ETFs.
read moreCrypto market reaches 3.9 trillion as Solana revenue declines sharply
The crypto market reached a record capitalization of $3.9 trillion in December, driven by regulatory optimism and strong institutional interest, with Bitcoin hitting $108,000. However, Solana’s revenue plummeted 90% amid rising competition and a decline in daily transactions. TRON and BNB saw gains of 13% and 8%, respectively, while XRP ended the month down 9.3% despite positive developments in its ecosystem.
read moreBitcoin Surges to Seventh Largest Global Asset Amid ETF Growth
Bitcoin’s price surged to $108,000 in 2024, marking a 124% increase and elevating it to the 7th largest global asset, surpassing silver and Saudi Aramco. The rise is largely attributed to Bitcoin ETFs, which have enhanced its credibility and attracted institutional investment. Despite the positive momentum, analysts caution about the inherent volatility of the market, suggesting that corrections are likely.
read moreTen Predictions for the Future of Cryptocurrency by 2025
Lark Davis forecasts significant developments in the crypto sector by 2025, including the approval of at least 10 crypto ETFs, sustained popularity of meme coins, and pro-crypto regulations in the U.S. that could enhance global adoption. He anticipates a $10 trillion market cap, with Bitcoin and Ethereum reaching aggressive price targets, while real-world asset tokenization is expected to exceed $1 trillion on-chain. Davis emphasizes the importance of profit-taking during bull markets and warns investors to remain cautious of celebrity-endorsed tokens.
read moreEurope’s Struggle for Sovereignty Amidst Global Power Dynamics
Europe faces a precarious future as demands for increased military spending threaten social stability, while the influence of the US looms large. The region is in chaos, with rising discontent towards elites and a potential loss of sovereignty, as economic and political challenges mount. The EU’s structural weaknesses and reliance on external powers raise concerns about its viability, especially with looming geopolitical shifts.
read moreTop Seven Cryptocurrencies to Consider for Investment Today
The cryptocurrency market is buzzing with excitement as Qubetics ($TICS) surpasses $7.5 million in its presale, attracting over 11,500 holders. Alongside established players like Bitcoin, Ripple, and Ethereum, Qubetics stands out with its innovative QubeQode IDE, designed to simplify blockchain development for users of all skill levels.As Bitcoin maintains its dominance at around $95,000, Ripple continues to facilitate rapid cross-border payments despite ongoing legal challenges. Other notable coins include Solana, Cardano, and Polkadot, each offering unique advantages in the evolving crypto landscape.
read moreTrump’s Bitcoin Strategy Could Reshape US Economy Like Oil in 1973
In a recent interview, economist Luke Gromen discussed former President Trump’s potential strategy to accumulate Bitcoin, likening it to the oil market’s historical inflation in the 1970s. Gromen suggested that by inflating Bitcoin’s value, the U.S. could attract global capital into Treasury bills, addressing its fiscal challenges. He noted the alignment of views from influential figures, indicating a possible coordinated approach involving Bitcoin and stablecoins to strengthen the U.S. economy.
read moreDogecoin Co-Founder Proposes National Reserve Amid Bitcoin Reserve Discussions
Dogecoin co-founder Billy Markus has proposed the establishment of a U.S. Dogecoin Strategic Reserve, akin to national currency reserves, to bolster economic stability and market confidence. This suggestion follows discussions around a national Bitcoin reserve, gaining traction as Bitcoin approaches a $100,000 valuation. With Dogecoin’s market cap at approximately $54.7 billion and recent legal disputes resolved, the idea of a Dogecoin reserve highlights the evolving role of meme coins in financial strategies.
read moreBlackRock Bitcoin ETF Reaches 40 Billion in Record Time
BlackRock’s iShares Bitcoin Trust (IBIT) has reached $40 billion in assets under management in just 211 days, making it the fastest-growing ETF and placing it in the top 1% by size. This milestone surpasses the previous record of 1,253 days held by another BlackRock fund and outstrips the iShares Gold Trust, which has $32.3 billion. The surge in Bitcoin’s price, driven by various market factors, has led to significant inflows into IBIT, with $2.8 billion added in just four trading days.
read moreBitcoin Surpasses Silver to Become Eighth Largest Global Asset
Bitcoin has surged to a market valuation of $1.76 trillion, surpassing silver to become the 8th largest global asset, following a significant price increase to over $89,000. This rally is fueled by bullish sentiment from institutional investors and record inflows into Bitcoin ETFs, alongside a favorable political climate post-election. Major players like MicroStrategy continue to expand their Bitcoin holdings, reflecting growing public acceptance of the digital asset as a viable alternative to traditional investments.
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