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Abu Dhabi, the capital of the United Arab Emirates (UAE), set out measures on Wednesday to simplify processes for businesses as it strives to diversify its economy away from oil. The oil-rich city emirate, which holds more than 90% of the UAE's oil reserves, announced a centralised business registry authority - the Abu Dhabi Registration Authority (ADRA) - that will be the single point for business registration, a statement said. In common with other oil exporters in the region, Abu Dhabi has accelerated efforts to diversify into sectors including tourism, logistics, manufacturing and industry, to seek future economic growth as the world pursues efforts to wean itself off fossil fuels.

Here is a 2-minute breakdown of everything important that happened in crypto today.

Retail and institutional investors embrace Bitcoin ETF options to hedge risks and enhance portfolio returns.

Bitcoin exchange reserves have hit their lowest levels in years, with significant withdrawals from major cryptocurrency exchanges like Binance and Coinbase.

In the past 24 hours, the cryptocurrency market experienced a significant wave of liquidations, totaling more than $588 million.

XRP has seen a massive surge in value, increasing by over 439% in the past month and 86% in the last week to reach $2.70, its highest level since 2018.

The Fairshake PAC flooded money into political campaigns — in one case $40 million — and the new faces join an already hefty group of lawmaker allies.