News

Qatar Stock Exchange Index closed up 1.83% at 10,346.22 points, rising steadily after a slight higher open and approaching the March 17 closing level of 10,393.29 points. Kuwait Stock Exchange Premier Market Price Return Index closed up 1.14% at 9,135.40 points, approaching the March 11 closing level of 9,228.41 points. Egypt Stock Exchange EGX 30 Index closed up 0.79% at 47,651.58 points. The Egyptian pound fell 0.25% against the US dollar to 54.4213, continuing to approach the historical low of 54.8317 set on March 31. Dubai Financial Market General Index closed down 0.68%. Abu Dhabi Securities Market General Index closed up 0.26%. Israel's Tel Aviv Stock Exchange TA-35 Index closed up 1.41%.

Bitcoin price has surpassed $70,000. Some holders are selling, and executives departing is bringing hope to the crypto industry. Jamie Dimon warns that blockchain technologies such as tokenization, stablecoins, and smart contracts are becoming direct competitors to traditional banks, potentially changing core functions like payments, trading, and asset management. He stated that JPMorgan needs to accelerate blockchain development, including the Kinexys division and JPM Coin.

Odaily reported that according to market sources: Chaos Labs, a main contributor to Aave DAO, has withdrawn, becoming yet another important service provider to leave after BGD Labs and Aave Chan Initiative (ACI). Previously, BGD Labs and ACI had both announced their exits; ACI stated it would gradually end its work within the DAO due to disputes involving governance power allocation and transparency, while BGD Labs chose to depart over differences regarding the protocol’s developmental direction. The departure of multiple core teams is seen as a sign of escalating internal governance conflicts within Aave DAO, and the market is widely concerned about the stability and decentralization of its governance structure and the DAO's long-term development.