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Dren Hima

ABOUT AUTHOR

Dren Hima is Head of Research at Coincub, leading research across digital asset regulation, licensing, market structure, tokenization and institutional adoption.

Price Prediction
Raydium Price Prediction: RAY Buybacks After StonkFun
RAY trades near $2.21, about 10.6x September’s annualized buyback spend and 32.5x the trailing twelve months. September buybacks of $4.69 million were the highest monthly total since August 2025 and followed StonkFun’s move to LaunchLab. The buyback wallet holds about 82.9 million RAY, close to 31% of circulating supply, with no release schedule. Raydium handles […]...
1 week ago
Price Prediction
Ethena (ENA) Price Prediction: USDe, Buybacks and the $2 Case
Ethena (ENA) buybacks start only when USDe supply reaches $7.5 billion, about 51% above early-October supply of $4.98 billion. USDe peaked at $14.7 billion in October 2025, well above the first two fee switch rungs. With 89.4% of maximum supply circulating, the remaining overhang sits with contributor, Foundation and ecosystem allocations. ENA trades near 14 […]...
1 week ago
Crypto LicenseRegulation
Licensed to Operate: The 2026 Crypto License Map
There is no single best jurisdiction. The right one depends on your business model: exchange, custody, token issuance, payments, or DeFi. The EU’s MiCA is the closest thing to a real passport. One CASP license covers all 27 Member States. Nothing in the US or Asia gives you that. Capital requirements swing wildly. Under MiCA, […]...
5 months ago
Crypto LicenseRegulation
MiCA vs. The World: How Europe’s Crypto Rules Stack Up Against Dubai and Singapore
MiCA’s single biggest advantage is the EU-wide passport. One CASP license, 27 markets. Singapore and Dubai never built one omnibus law. Singapore regulates crypto under its Payment Services Act, Dubai runs a multi-layer system across VARA, the DFSA, the FSRA, and the federal SCA. The stablecoin rules diverge the most. MiCA covers every stablecoin in […]...
5 months ago
Wallet
Two Keys Are Better Than One: A Crypto Business Guide to Multi-Sig
Multi-sig kills the single point of failure. No lone stolen key, lost seed, or rogue insider can move funds on its own. Three models worth knowing: on-chain scripts, threshold signatures, and MPC. The last two produce one ordinary-looking signature on-chain, which is cheaper and more private. It is not bulletproof. Bitfinex in 2016, the Parity […]...
5 months ago
CryptoCrypto CrimeEducationFraud
The Anatomy of a Crypto Scam Center
It is a transnational enterprise rather than a few fraudsters with bad websites. Social engineering, call-center discipline, fake platforms, professional laundering, and in many cases trafficked labor. Pig butchering is the center of gravity but not the whole map. The same infrastructure runs task scams, impersonation, wallet drainers, and recovery scams. The numbers keep climbing. […]...
5 months ago
Crypto CrimeEducation
Slow Cooked: How a Pig Butchering Scam Hooks You
The first red flag is the relationship. By the time the fake trading site appears, the grooming has already done its job. It works as a sequence rather than a single trick. Trust gets built first, the money ask comes second, and the early “profit” exists to kill your skepticism. There is no safe demographic. […]...
5 months ago
Crypto TaxTax
Singapore Crypto Tax 2026: Why It Wins and Where the Fine Print Bites 
For personal investors, Singapore is as clean as it gets in any serious financial center. Token disposal gains generally sit outside the tax net because there’s no capital gains tax in the first place. The line that decides your whole tax position has nothing to do with whether the asset is crypto. The question is […]...
6 months ago
CryptoWeb 3.0
Why Banks Are Finally Getting Into Crypto, and What They’re Really Building 
Banks are commercializing the parts of crypto that look like existing bank businesses. Custody, payments, tokenized securities, settlement infrastructure. They’re not broadly betting on crypto prices. The stablecoin market hit $317 billion in April 2026 after growing more than 50% during 2025. That number spooked banks more than any crypto price cycle ever did, because […]...
6 months ago
Web 3.0
Blockchain Won’t Replace Twitter. But Decentralized Social Is Getting Real.
Blockchain handles identity, ownership, payments, and programmable access in social media really well. High-volume posting, moderation, ranking, and mutable social state, not so much. Every serious decentralized social project has converged on hybrid designs. Bluesky uses no blockchain at all. Farcaster commits only a tiny fraction of actions on-chain. Lens uses rollup infrastructure plus separate...
6 months ago
Crypto TaxTax
Dubai Crypto Tax 2026: The Zero-Tax Dream and What the Fine Print Says 
For individual investors who have genuinely relocated, the UAE’s no-personal-income-tax setup is as good as the influencers say it is. Personal investment gains, including crypto, sit outside UAE direct tax for natural persons. A residence visa does not make you a UAE tax resident. Tax residency has its own separate tests, and it almost certainly […]...
6 months ago
EducationSafetyWeb 3.0
That Random Token in Your Wallet Is Probably a Trap 
The token isn’t the attack. Your reaction to it is. On Bitcoin, dusting is a surveillance game. On Ethereum, Solana, and BNB Chain, it’s bait for theft. Address poisoning is the dirtiest variant going. Someone slips a lookalike address into your transaction history and waits for you to copy the wrong one. One curious click, […]...
6 months ago
BitcoinCryptocurrenciesCryptocurrency
Don’t Pick One. Size Both. A 2026 Take on Bitcoin vs. XRP
Bitcoin and XRP play different roles – Bitcoin works best as the core holding; XRP fits better as a smaller, higher-risk position with more upside potential. Bitcoin still has the stronger institutional case – deeper liquidity, wider recognition, stronger ETF support, and a clearer place in conservative or balanced portfolios. XRP offers more upside but […]...
6 months ago
Wallet
The Issuer Became the App: Inside the Tether Wallet
Tether is moving from backend liquidity into direct consumer payments through its own wallet. The product focus is narrow on purpose – digital dollars, Bitcoin, and tokenized gold instead of a cluttered crypto dashboard. Plasma gives Tether a payment rail built for stablecoin speed, low-cost transfers, and a cleaner user experience. Oobit helps connect crypto […]...
6 months ago
Crypto TaxTax
Pseudonymous Was Never Anonymous: The Crypto Tax Reckoning Explained
Crypto was never truly anonymous – most public blockchains only offered pseudonymity; the transaction history stayed public the whole time. Reporting rules are tightening globally – CARF, DAC8, and Form 1099-DA are pulling crypto into the same reporting structure used in traditional finance. DeFi doesn’t remove tax exposure – using self-custody wallets, DEXs, or bridges [&h...
6 months ago
Bitcoin
The Ghost Who Built the Machine: Who Is Satoshi Nakamoto?
Nobody has proved who Satoshi Nakamoto is – many names keep coming up, but no one has produced cryptographic proof that would actually settle it. Bitcoin came out of the cypherpunk world – the whitepaper built on Hashcash, b-money, Bit gold, and earlier attempts at digital cash. The Patoshi pattern is the strongest on-chain clue […]...
6 months ago
Mining
Sell to Survive: Inside the Biggest Bitcoin Miner Liquidation on Record
Q1 2026 marked the largest institutional miner sell-off on record – public Bitcoin miners sold more than 32,000 BTC in a single quarter. The real trigger was broken mining economics – hashprice fell below breakeven while the all-in cost to mine one BTC rose well above spot prices for many operators. The 2024 halving hit […]...
6 months ago
Bitcoin
2026 Bitcoin Bull Run: Is the 4-Year Cycle Still Alive?
Bitcoin’s classic post-halving pattern looks weaker than in previous cycles, which is why the market is questioning whether the old 4-year model still works. Global liquidity now plays a bigger role in price action than halving mechanics alone. Interest rates, dollar strength, inflation expectations, and geopolitical shocks are shaping the market more directly. Institutional products [&helli...
6 months ago
DeFi
Liquid Staking 2026: Top Protocols, Risks & Trends
Liquid staking has become a major part of crypto market structure, with more than $58 billion flowing through liquid staking protocols and another $19.63 billion in restaking. Ethereum’s Pectra upgrade changed staking economics by allowing validator consolidation and automated reward compounding, which makes large-scale staking more efficient. The market leaders stand out for more than [&hel...
6 months ago
DeFi
Yield Farming vs. Staking: Which Crypto Strategy Is Better?
Staking is usually the safer option because it earns yield directly from helping secure a Proof-of-Stake blockchain. Yield farming can offer much higher returns, but those returns move fast and often come with more active management, more gas fees, and more risk. The biggest risk difference: stakers mainly deal with slashing and lock-up periods, while […]...
6 months ago
DeFi
The Death of High APY – Why DeFi Yields Are Normalizing
Triple-digit DeFi APYs were mostly a bootstrapping tool, not a sustainable market standard. Yield compression is being driven by real revenue models, lower leverage, and larger pools of institutional liquidity. DeFi now reacts to macro conditions much more directly, especially changes in interest rates and liquidity cycles. Stablecoins and tokenized real-world assets are bringing more […]...
6 months ago
Regulation
FATF Travel Rule Compliance Tools for Crypto VASPs in 2026
Compare FATF Travel Rule compliance tools for crypto VASPs in 2026, including Notabene, 21 Analytics, TRUST, TRP, TRISA, VerifyVASP, Sygna, and Sumsub. Explore architecture, privacy, pricing, interoperability, and wallet verification to find the right fit....
6 months ago
Regulation
Crypto Licensing in Croatia: MiCA Rules, CASP Requirements and Tax Benefits
Croatia implemented MiCA early, giving crypto companies a clearer licensing route under HANFA and HNB supervision. Legacy Croatian VASPs registered before December 30, 2024 have until July 1, 2026 to obtain full CASP authorization. CASP capital requirements range from €50,000 to €150,000 depending on the services offered. Croatia offers a 10% corporate tax rate for […]...
6 months ago
Bitcoin
The 1 Million BTC Question: What If Satoshi Moves Funds?
Satoshi Nakamoto’s estimated 1.1 million BTC still represents more than 5% of Bitcoin’s total supply. Even a small movement from those wallets could trigger panic selling and aggressive front-running across the market. Bitcoin’s order book depth would likely struggle to absorb a supply shock of that size under stressed conditions. Satoshi-era wallets use older address […]...
6 months ago