Crypto Rebound: Binance Withdraws Abu Dhabi License Bid, El Salvador Woos Crypto Millionaires, Robinhood Enters EU Market, and Prices Rally
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Binance withdrew its application for an investment-management license in Abu Dhabi, deeming it unnecessary for its global needs. It is already licensed in Dubai.
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El Salvador launched a "Freedom VISA" program targeting crypto millionaires to attract long-term residents, offering residency and a path to citizenship.
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Robinhood started letting EU customers trade crypto, crediting them bitcoin based on trading volume to spur adoption.
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Cryptocurrencies have rallied back to $1.5 trillion total market cap, the highest since May 2022.
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LINK's funding rate has surged to its highest since June, indicating a bias for long positions in perpetual futures.