đ° Crypto Hot News â July 29, 2025
1. First UAE Traditional Bank Offers Retail Crypto Trading
Rakbank has become the first conventional bank in the UAE to let retail users trade crypto via its mobile appâpowered by Bitpanda. This marks a milestone in mainstream banking embracing digital assets.
2. Surge in AIâPowered Crypto Scams
Between May 2024 and April 2025, global crypto scams rose by 456%, leveraging AI-generated voices, deepfake videos, and fake credentials. Scammers even impersonated family members and prominent figures, defrauding both individuals and crypto professionals.
3. Shiba Inu Volume Skyrockets đ
Shiba Inu ($SHIB SHIB) has reported a dramatic 62.6% increase in 24âhour trading volume, placing it as the #2 most popular token on Mudrex. Its market cap is now around $7.93âŻbillion.
4. Rise of $ETH ETH Treasury Firms & Institutional Inflows
Bitcoin and Ethereum ETFs saw massive inflows: on July 29, Bitcoin ETFs pulled in 1,163âŻBTC (~$137M) while ETH ETFs added 20,290âŻETH (~$76M). Concurrently, ETH treasury companies like Bitmine and Ethermachine are gaining traction, hinting at a possible upcoming altcoin season.
$BTC #ETHCorporateReserves l#ETHReclaims3800 #CryptoClarityAct #BinanceHODLerTree
