As blockchain technology grows in popularity, the Middle East and North Africa (MENA) region has been quick to adopt it. Recent developments in the MENA region, such as an initiative in Dubai's gaming industry and the launch of the $2 billion Web3 Initiative in Abu Dhabi, demonstrate this. Layergg, a cryptocurrency analysis firm, released a report that reveals the shift in the crypto market from China to the US, triggered by the approval of the Bitcoin Spot ETF. As the approval looms near, Binance's market share has fallen below 50%, and its newly appointed CEO is reportedly taking strides to expand Binance into Dubai and Abu Dhabi. Additionally, regulations and licenses are becoming more pro-crypto in the MENA region. As such, nine altcoins are likely to be affected by the MENA theme, such as the projects like Neom City mentioned in the report.



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