ChainCatcher news reports that, according to Protos, the price of Bitcoin has previously surpassed $93,000, setting a new historical high. Market news indicates that Gulf oil-producing countries such as Saudi Arabia, the UAE, or Qatar may be purchasing Bitcoin at the sovereign level. Relevant sovereign funds may disclose related information during the Abu Dhabi Bitcoin Summit from December 9 to 10.As Bitcoin's total market capitalization has surpassed that of the world's largest oil company, Saudi Aramco, Saudi Arabia, as the largest oil producer in the Gulf region, is receiving significant attention. As the holder of the world's largest sovereign wealth fund, the investment trends of Gulf oil-producing countries will have a substantial impact on the global crypto asset market.At the same time, as the host of the upcoming Bitcoin conference, the UAE is also considered likely to participate. Additionally, there have been ongoing market rumors that Qatar may also engage in sovereign investments.

ChainCatcher news, recently, Deepcoin announced its invitation to participate in one of the largest and most influential Bitcoin summits in Asia, BitcoinSeoul 2024. The summit will be held from May 29 to 31 at the Shilla Hotel's Welcome Center and the trendy concept hub Peaches D8NE in Seoul, South Korea. At that time, BitcoinSeoul 2024 will gather industry leaders, experts, and innovators from around the world.As one of the largest and most influential Bitcoin summits in Asia, BitcoinSeoul 2024 aims to promote the development of cryptocurrency and blockchain technology, exploring the latest trends and innovations in the industry. Deepcoin, as one of the key participants in the summit, will share its professional insights and profound perspectives in the field of cryptocurrency trading, as well as its outlook on the future development of the industry.The summit will invite a series of prominent speakers, including well-known experts, investors, and entrepreneurs in the cryptocurrency field, such as Bitcoin developer Jimmy Song, Bitcoin economist Saifedean Ammous, and Lightning Labs co-founder and CTO Olaoluwa Osuntokun. Deepcoin will share its latest achievements and developments in security, innovation, and user experience with other participants in various forms.In January this year, Deepcoin announced that it became the first overseas cryptocurrency exchange this year and the seventh globally to access the CODE compliance solution to comply with South Korea's cryptocurrency Travel Rule regulations. Recently, Deepcoin officially connected with FOBL, a compliant exchange and member of the Korean CODE Alliance. South Korean users can now legally transfer deposits and withdrawals between Deepcoin and FOBL. In addition, Deepcoin has also reached a cooperation agreement with FOBL, and both parties will conduct in-depth cooperation in areas such as global market activities and project expansion.Deepcoin's continued expansion in the South Korean market will further highlight its leadership position in the global cryptocurrency market and strengthen its connections with industry leaders and the community. By actively participating in BitcoinSeoul 2024, Deepcoin will continue to drive innovation in cryptocurrency and blockchain technology, providing global users with secure and efficient trading services.

ChainCatcher news, National Committee member of the Chinese People's Political Consultative Conference and Hong Kong Legislative Council member Wu Jiezhuang tweeted that the global fintech summit, The Bitcoin Conference, will be held in Hong Kong.