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As if plucked from a Fyodor Dostoevsky tale, the city stands-a city with aspirations of greatness not unlike the great St. Petersburg, its heart is now cradled within the bustling epicenter of ADGM. Here on December 10, Galaxy declared, with the ferocity of a Russian winter poem, its descent into the inviting arms of the UAE. Here, the first step is just a foothill among the surrounding peaks of ambition, where Arabia’s sands meet the West’s innovation. 🏜️🍷

Dec. 9 marked the day when Binance, the big boss of digital coins, inked a deal with Botim Money-no, it’s not a new superhero team-at Binance Blockchain Week in Dubai. The fancy words: a memorandum of understanding, or MoU, for those who like their agreements sound official. Their plan? To let more folks in the UAE get a taste of digital assets without needing a PhD in cryptography. The goal is “simplified and compliant” pathways, because nothing says excitement like regulated crypto-like a rollercoaster with seatbelts. 🎢💼

Behold, the Designated Contract Market license, a golden key that unlocks the gates to regulated prediction markets for the first time in this land. On the 10th day of December, Gemini Titan LLC, an affiliate of the crypto twins, received this divine decree after a five-year pilgrimage through the deserts of regulatory scrutiny. The CFTC, in its infinite wisdom, hath spoken, and lo, the people shall trade in yes-or-no markets, tied to the whims of price levels, corporate intrigues, and political theatrics.

A report, yes, another report filled with pronouncements and anxieties, speaks of these monthly ‘unlocks’ of HYPE. Ten million units unleashed upon an unsuspecting world! What wickedness is this?! The purpose remains shrouded in mystery, a darkness that only time – and perhaps a few more months of agonizing unlocks – will illuminate. Young Jason of Delphi Digital posits that we need to wait for the full extent of the suffering to become clear. Patience, he says. As if patience can mend a broken spirit! 🙄

The main meme coin narrative, that old dog with a new leash, clung to 12.48% of attention, down from 14.36%. Yet it paraded proudly as champion, having outfoxed the AI scribes and RWA bureaucrats. Solana’s jesters, with their 4.57% share, performed acrobatics in sixth place, while AI meme coins-those half-baked satires of progress-crawled to 18th, and Base meme coins, trailing closely, earned 1.40% with the grace of a sleep-deprived turtle.

Tom Lee, the Wall Street strategist turned crypto evangelist who wears many hats at Fundstrat and Bitmine, joined Farokh Sarmad on Rug Radio for a candid chat about everything from early stock tips to Ethereum’s eventual dominance of the global economy. Spoiler alert: it’s all about tokenization.