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Ethereum World News 2023-05-10 16:40:28

Top Abu Dhabi Firm Bullish On Crypto And Commodities, Shorts US Equities

Summary: Abu Dhabi’s Royal Group plans to deploy more capital into the crypto industry and commodities, Bloomberg reported citing people familiar with the matter. The investment firm led by United Arab Emirates National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan has poured billions into a short position on US stock on the back of recession concerns. Royal Group’s portfolio shift follows the UAE’s crypto hub plans and regulatory discussions with entities like Coinbase. Royal Group, an investment firm led

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