【What is the market trading?】 The current market is pricing in expectations of the expansion of crypto regulatory compliance in the Middle East, with Dubai’s policy implementation progress as a key focus. What happened Dubai’s crypto regulatory authority, VARA, has officially approved licenses for the 50th crypto firm. As of now, 39 VASPs have fully entered into operation, and the Middle East’s compliant crypto market continues to expand. What’s truly worth关注 is that once Dubai’s regulatory framework is progressively implemented, the subsequent business rollout progress of other compliance agencies—and whether it will prompt other regions in the Middle East to follow suit with crypto regulatory policies—could further open up space for a regional compliant crypto market. To watch over the next 48 hours There are no signals of any sudden regulatory policy changes. Focus on tracking the market’s sentiment feedback on the compliant crypto track in the Middle East, as well as any abnormal regional capital flows related to BTC and ETH. #BTC #ETH #VARA