Bybit, the crypto trading platform, has established its global headquarters in Dubai and is reporting a significant 50% growth in users. The move to Dubai signifies Bybit's commitment to expanding its presence in the Middle East, and its enthusiastic user growth indicates the platform's rising popularity.
Celsius withdrew $13M worth of staked Ethereum through Shapella upgrade, while centralized exchanges wait to withdraw 85% of their staked assets, likely due to US regulatory actions. Celsius also plans to sue a creditor for leaked information.
Legendary investor Warren Buffett has reaffirmed his stance on cryptocurrencies, calling them "like gambling." Despite the hype surrounding Bitcoin and other digital currencies, Buffett remains unconvinced and continues to advise caution to investors. "You can't value Bitcoin because it's not a value-producing asset," he said in a recent interview. While some may criticize Buffett's skepticism, his track record of successful investments speaks for itself. As always, it pays to listen to the Oracle of Omaha.