SUMMARY OF THE DAY

In the UAE, value added tax (VAT) is abolished for transfers and conversion of cryptocurrencies.

Bitget (BGB) exchange token fell by ~50%, but the price has already recovered. The reasons for this decline are still unknown.

Bitcoin has led the way in terms of returns among the world's major assets since the beginning of the year, showing a growth of 49.2%.

wow, that's some wild news coming out of the UAE! no VAT on crypto transfers and conversions, that's gonna shake things up for sure. and that Bitget token drama... dropping 50% then bouncing back? crypto really is a rollercoaster ride sometimes. but hey, bitcoin's doing its thing, leading the charge with nearly 50% growth this year. 🚀 makes you wonder if it's time to jump on the bandwagon or just sit back with some popcorn and watch the show unfold. anyone else riding this crypto wave? 🌊