Going by positive signals and market sentiments, crypto prices are set to continue booming in 2025. Savvy investors who realize this are already taking positions to maximize their profits. Global stablecoin supply has surged 14% , and there’s been a steady increase in the trading volume of cryptocurrencies all over the world. As a result, Cardano (ADA), Solana (ADA), and Binance Coin (BNB) are expected to fetch investors decent returns. But smarter investors are diversifying their portfolios to include Remittix (RTX). They know that RTX, although not as massive or popular as other coins, can fetch the biggest crypto returns this year. Is Cardano a hidden crypto gem? Despite its massive size and stature, Cardano is not very popular among crypto investors. That’s because ADA hardly goes on explosive rallies, and is known to be quite volatile. The last few weeks have been a tad better, and rumors of a possible ADA ETF approval could spark a much-needed rally. ADA struggled to break $0.75 in the last two months. Source: Coingecko A bullish scenario projects ADA breaking through its $0.75 resistance level to reach $1.0. This psychological price point, if sustained, could be a launchpad towards a $2 ADA . This 3x ROI would be a phenomenal return for Cardano, although it wouldn’t entice the average investor. Solana eyes new ATH in 2025 The burst of Solana’s 2024 rally has given way to cautious optimism. Although the project started 2025 with a bag, hitting record on-chain metrics, SOL dropped from a high of $250 to its current sub $150 levels. Solana is up by 20% in the last month. Source: Coingecko However, Solana looks to be on the path to recovery, appreciating 20% in the last month. There’s also a strong feeling among experts that SOL could hit a new high in 2025. Its immense community, interest from institutional investors, as well as general crypto positivity could precipitate a rally that culminates in a $300 Solana . This would fetch SOL investors decent returns and also close the gap on Ethereum. BNB: stability vs. stagnation BNB is the backbone of the Binance ecosystem. It is used to pay transaction fees on the exchange and also has multiple uses on the Binance Smart Chain. Unlike most coins, BNB has traded sideways for the most part of 2025. Specifically, BNB stayed between $550 and $650, with drops below $500 quickly recovered. While BNB’s utility in fee discounts and staking ensures steady demand, its lack of real innovation makes it vulnerable. Crypto analysts predict modest gains for BNB in 2025 since its price is tethered to Binance, one of the largest exchanges in the world. However, numerous experts see BNB’s stability as stagnation. It doesn’t promise much, which makes it less appealing as an investment option. Remittix to outshine BNB and other crypto bigwigs Savvy crypto investors are hedging their bets on Remittix because of three major reasons. Firstly, it is a new project priced at a modest $0.0757, which means there’s loads of room to grow. DON’T MISS OUT REMITTIX ($RTX) The Future of Cross-Border Payments with Crypto! Secondly, Remittix introduces an innovative way to solve a real-world problem. It allows any crypto owner to send fiat to bank accounts right from their wallets. This is revolutionary, and it promises to shake things up in the global remittances market, an industry that is worth $800 billion. Finally, Remittix’s presale is selling out fast. Over half a billion tokens have been sold already, with $14.75 million raised from retail investors. This is quite impressive, and it speaks of how big the project can get. Analysts are predicting a 25x to 80x return for early Remittix investors in 2025. Don’t miss out on Remittix When the crypto market becomes bullish, large projects like Solana , Cardano , and even BNB dominate the headlines. However, it’s little-known coins like Remittix that fetch investors the biggest gains. Currently in presale and selling out for $0.0757, Remittix is set to usher in a new set of crypto millionaires. Hop onto the bandwagon before it’s too late. Discover the future of PayFi with Remittix by checking out their presale here: Website : https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post What To Expect From Cardano & Solana In 2025?! RTX To Shine As Thousands See It Surpassing BNB appeared first on Times Tabloid .
What if the crypto winter wasn’t as cold as it looked? While large-cap coins fumble and sentiment shifts into neutral, meme coins are again flipping the script. BOOK OF MEME ($BOME) is up 0.69% in the last 24 hours, and Cheems ($CHEEMS) just popped 2.53%—both refusing to roll over while others dip. This is nothing new. Meme coins have historically defied logic, market trends, and bearish calls. They’ve proven that narrative and community can outmuscle fundamentals from Dogecoin to PEPE. But 2025’s meme movement is rewriting the playbook—and Troller Cat (TCAT) is front and center. The Troller Cat presale is live and pulling in serious attention. Whitelist buyers are already licking their chops as early entries rake in a massive 7273.61% ROI from Stage 1 to Stage 3. And the current price? Just $0.0000072. When it hits exchanges at $0.0005309, this feline could be the best crypto to explode in 2025—and early believers are already cashing in. Troller Cat (TCAT): The Best Crypto to Explode in 2025 Is Already Live The meme coin game isn’t about waiting but catching the wave before the internet drowns in hype. Troller Cat launched its presale on May 2, 2025, and in just 50 hours, over $50,000 was locked in. That’s not fluff. That’s verified, on-chain traction. The project is climbing through 26 presale stages, and by Stage 3, it already offers an eye-watering 72x return from its starting price. That’s not including the 69% APY staking rewards, which continue to roll in for anyone locking their $TCAT. What makes Troller Cat stand out isn’t just the meme branding—it’s the economics. The upcoming Game Center isn’t just for fun. Every play burns tokens, making $TCAT deflationary by design. The more people play, the fewer tokens exist. That’s a recipe for vertical movement. And it’s not just early buyers who benefit. Referral mechanics give buyers a chance to unlock a 10% bonus $TCAT if they spend $25+ and also earn 10% of whatever their referrals buy. The viral, community-driven approach helps coins go from microcap to mainstream. Troller Cat is KYC-approved, audited, and already trending across crypto Twitter. While others are hesitating, this project is sprinting. With the Stage 3 price still microscopic, there’s massive room for upside. In the current landscape, Trollercat.com might be the best crypto to explode in 2025. BOOK OF MEME (BOME): Quiet Moves Could Lead to Loud Gains Don’t let the 0.69% price bump fool you—BOOK OF MEME ($BOME) is setting up for something bigger. Currently trading at $0.001416, BOME continues to build out its fusion of meme culture and NFT storytelling. This isn’t just about trading; it’s about curating the web’s collective imagination into tokenized chapters. The coin sits on the Solana blockchain, which gives it low gas, fast transaction speeds, and easy integration with NFT platforms. More importantly, BOME holders are finally starting to see the results of long-haul development. Community chatter on X (formerly Twitter) and NFT Discords has ramped up, especially with rumors of platform integrations in Q3. Chart-wise, BOME has been coiling for a while. It’s shown strong bouncebacks at the $0.0013 support level and is attempting to form a base. Traders are watching closely for a decisive move above $0.0015, which could signal the start of a breakout. But where BOME shines most is in narrative potential. As more users begin to understand and engage with the digital story archives concept, the token stands a chance to transcend the typical meme coin label. That’s why, for those seeking the best crypto to explode in 2025, BOME is quietly sliding onto radars. It may not moon overnight—but it’s laying the tracks to get there. Cheems ($CHEEMS): The Doge Cousin You Shouldn’t Ignore Ah, Cheems. The beloved, derpy cousin of Doge that refuses to fade into memecoin history. Currently trading at $0.0003040, Cheems posted a 2.53% gain in the last 24 hours, hinting at renewed energy under the hood. That push isn’t random—on-chain metrics show a bump in wallet activity and DEX volume. Over the last year, Cheems has outperformed expectations with a 3,541% surge. That kind of number isn’t normal—and that’s the point. This isn’t a utility-driven DeFi coin. It’s a brand, a cultural reference, and a meme ecosystem all in one. Recently, developers dropped updates on their play-to-earn game beta, and there’s talk of new cross-chain bridges that could bring Cheems to Polygon and Base. Add to that an animal welfare initiative that’s won favor among Gen Z and Millennial holders, and you’ve got more than just a silly dog meme. From a TA perspective, Cheems is holding above its 20-day EMA, with RSI creeping upward into neutral territory. If momentum continues, it could attempt a retest of $0.00035, its April high. So, is Cheems the best crypto to explode in 2025? Maybe not the top dog—but it’s definitely in the kennel. Its community is resilient, its roadmap is getting more robust, and its meme status guarantees it’ll always have an audience. Conclusion: This Cat’s Already on the Launchpad Based on our research and market trends, Troller Cat isn’t just live—it’s already outperforming. While BOOK OF MEME builds momentum and Cheems rebounds on renewed hype, Trollercat.com has already delivered a verified 72x return from Stage 1 to Stage 3. With staking, referral bonuses, and a burn-based Game Center, TCAT offers utility in a space dominated by pure speculation. If you’re scanning for the best crypto to explode in 2025, the numbers, timing, and viral energy point to the Troller Cat presale. For More Information: Website: https://www.trollercat.com/ Telegram: https://t.me/trollercat X: https://x.com/trollercat_ Reddit: https://www.reddit.com/r/TrollerCat/ FAQs What’s the current ROI potential for Troller Cat? Stage 3 buyers stand to gain 72x based on the launch price. When did the Troller Cat presale go live? It began on May 2, 2025, at 6 PM UTC. Is Cheems still active in 2025? Yes, with recent gains and roadmap updates, including cross-chain bridges and gaming. What’s the appeal of Book of Meme (BOME)? It blends meme culture and NFTs into a digital storytelling archive. Is $25 the minimum buy for Troller Cat? There’s no minimum to buy, but $25 is required to activate a referral code. Glossary of Key Terms Presale: The exclusive early sale of a cryptocurrency before public launch. Deflationary: A system where tokens are permanently removed from the supply. Referral Code: A unique ID that earns rewards when shared with buyers. KYC: Know Your Customer, an identity verification process. Staking: Locking tokens to earn passive rewards. NFT: Non-fungible tokens representing unique digital assets. EMA: Exponential Moving Average, a key chart indicator. Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Best Crypto to Explode in 2025: Troller Cat Presale on a Roll, Cheems and Book of Meme Join the Push appeared first on Times Tabloid .
Vitalik Buterin wants to simplify Ethereum ( ETH ). In a new blog post , the Ethereum co-founder praises how “beautifully simple” Bitcoin ( BTC ) is, which he says is key to the crypto king serving as a “globally trusted base layer.” “Historically, Ethereum has often not done this (sometimes because of my own decisions), and this has contributed to much of our excessive development expenditure, all kinds of security risk, and insularity of R&D (research and development) culture, often in pursuit of benefits that have proven illusory.” Buterin argues that simplicity can increase the number of people who can participate in protocol research and decrease the cost of creating new infrastructure. He also says simpler protocols have a reduced risk of catastrophic bugs and a smaller “social attack surface.” The ETH co-founder outlines how Ethereum could come close to matching Bitcoin’s level of simplicity within five years, starting with the consensus layer. “The new consensus layer effort (historically called the ‘beam chain’) aims to use all of our learnings in consensus theory, ZK-SNARK development, staking economics and other fields over the last ten years to create a long-term optimal consensus layer for Ethereum. This consensus layer is well-positioned to be much simpler than the status quo beacon chain.” Buterin also wants to simplify Ethereum’s execution layer. “The EVM (Ethereum Virtual Machine) is increasingly growing in complexity, and much of that complexity has proven unnecessary (in many cases my own fault): a 256-bit virtual machine that over-optimized for highly specific forms of cryptography that are today becoming less and less relevant, and precompiles that over-optimized for single use cases that are barely being used. Attempting to address these present-day realities piecemeal will not work. It took a huge amount of effort to (only partially!) remove the SELFDESTRUCT opcode, for a relatively small gain. The recent EOF (EVM Object Format) debate shows the challenges of doing the same thing to the VM. As an alternative, I recently proposed a more radical approach: instead of making medium-sized (but still disruptive) changes to the EVM for the sake of a 1.5x gain, perform a transition to a new and much better and simpler VM for the sake of a 100x gain. Like the Merge, we have fewer points of disruptive change, but we make each one much more meaningful. Specifically, I suggested we replace the EVM with either RISC-V, or another VM that is the VM that Ethereum ZK-provers will be written in.” At time of writing, Ethereum is trading for $1,803. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Vitalik Buterin Warns Ethereum Has Become Needlessly Complex, Calls for Mass Simplification of Chain appeared first on The Daily Hodl .
The post Expert Says XRP is ‘Insanely Overvalued’ But Not ‘Worthless’ appeared first on Coinpedia Fintech News In a recent episode of the Empire podcast , Jeff Dorman, CIO of Arca, broke down on how to evaluate the true value of crypto assets. According to Dorman, there are three kinds of value: financial, utility, and social. Financial value comes from real revenues or cash flows. Utility value comes from how useful a token is, and Social value comes from community support. The best crypto projects should have all three, but having one or two can still be valuable. Jeff explained that even if something only has financial or utility value, it still holds some worth. But if it only has social value—like popularity or community—it’s not enough unless it eventually leads to real financial value. The expert used XRP as an example. Jeff said XRP is ‘insanely’ overvalued, with a market cap of around $131 billion, despite lacking strong financial or utility value. Its value today is mostly based on its long-standing presence and loyal community. But that social value could lead to real financial use in the future. “When people ask if Ripple is worthless, I say, ‘It’s not worthless, I just can’t define its worth.’ It’s like a really expensive call option on what it could be in the future,” he said. He compared XRP to GameStop, saying both are driven mostly by social hype. But that hype can eventually be turned into something real—like how GameStop used its popularity to raise money and buy Bitcoin. Fake It Till You Make It? However, he said that Ripple’s long history and loyal community have made it a symbol of crypto’s potential to change finance. He describes Ripple’s strategy as “fake it till you make it,” where companies build social value first and later use that to create real opportunities, like startups that raise funds before making profits. Ripple recently made headlines after acquiring Hidden Road, gaining access to a new business and a U.S. broker-dealer license.
The digital asset investment landscape is seeing a strong comeback. Institutional and retail investors are pouring money into the space. Over the past three weeks, there have been substantial inflows into digital asset investment products: – Week 1: $2B – Week 2: $1.5B – Week 3: $2B Total: $5.5B This means that $5.5 billion has been invested in the digital asset space over the past three weeks. Digital asset investment products recorded inflows for the third consecutive week, totaling $2 billion last week and bringing the three-week cumulative inflow to $5.5 billion. Bitcoin saw $1.8 billion in inflows last week. Ethereum registered stable inflows for the second week in… — Wu Blockchain (@WuBlockchain) May 5, 2025 Bitcoin and Ethereum Dominate Inflows, But Ethereum Sees Institutional Momentum Bitcoin remains master of the strongest inflow potential among digital assets, pulling $1.8 billion in inflows last week. Its supremacy as the market leader ensures Bitcoin’s position as the undisputed mandate to drive interest across the digital asset spectrum from both mainstream institutional and retail investors. However, Ethereum is busy building a bridge of interest from both sectors, asserting its leadership role in decentralized finance (DeFi), massively growing portfolio clean-coin interest, and becoming the established league in capital and access token jurisdictions with respect to ‘real-world asset’ (RWA) and stablecoin tokenization. For the second week straight, Ethereum investment products enjoyed steady inflows, amounting to $149 million. But the real story here, as you might imagine, is the cumulative total for the last two weeks: $336 million. That’s no small thing—$336 million over two weeks—inflows into a single asset. And why is that happening? Because faith in Ethereum has been restored. During last week’s trading days (April 28 to May 2), spot Bitcoin ETFs saw a net weekly inflow of $1.81 billion, marking the third consecutive week of positive flows. Spot Ethereum ETFs recorded a net weekly inflow of $106 million, with BlackRock’s ETF ETHA leading the pack with… — Wu Blockchain (@WuBlockchain) May 5, 2025 Confidence isn’t really built in investing; it’s either there, or it’s not. And right now, confidence among investors in the Ethereum ecosystem seems to be off the charts. Ethereum ETFs that are regulated in the same manner as those for more traditional instruments are yet another way in which investment firms can bring digital assets into the fold for their clients. Ethereum had been hailed as a transformative technology and enabler of initiatives that are expected to upend established business models far more than Bitcoin ever could. One ETF has been launched. Large investors are circling. And yet, or so the report suggests, it’s all somehow inevitable. BULLISH: The total value of tokenized real-world assets (RWA) has surpassed $22 billion, up 10.25% over the past 30 days. Ethereum leads with $6.5 billion (+30% in 30 days), followed by ZKsync at $2.2 billion. pic.twitter.com/qF5zXsrQut — Cointelegraph (@Cointelegraph) May 5, 2025 Less significant altcoins even had slight uplifts, with Solana registering inflows of $6 million. Although smaller than the inflows for Bitcoin and Ethereum, this still shows an appetite from investors for many different blockchain ecosystems. Ethereum Strengthens RWA and Stablecoin Dominance One of the strongest indicators of Ethereum’s growth is its commanding lead in the tokenized real-world assets (RWA) sector. The total value of tokenized RWAs has now exceeded $22 billion, marking a 10.25% increase over the last 30 days. Of that total, Ethereum alone accounts for $6.5 billion, representing a 30% growth in just one month. Its share tectonically outpaces its closest competitor, ZKsync, which holds $2.2 billion in tokenized RWAs. RWAs can’t just be instantiated in smart contracts on any blockchain. To really make them work, you need a powerful, robust, permissionless, and decentralized platform with a working-native token economy. You need something that behaves, in most respects, like a country — ruled by laws that function in a reasonable approximation of ‘real life,’ where the life forms are humans and private enterprises. Buying $ETH now is like buying BTC at $4,000. Ethereum dominance in RWA and Stablecoins is at ATH. Ethereum institutional adoption is reaching new highs. Ethereum's biggest upgrade in terms of no. of EIPs is coming on 7th May. You'll regret not owning ETH in 2025. pic.twitter.com/RktyB3YP6Q — Ted (@TedPillows) May 5, 2025 A few key opinion leaders in the crypto space have gone so far as to suggest that buying Ethereum now is like buying Bitcoin when it was worth $4,000 — a statement that reflects what KOLs see as the not-too-distant future for Ethereum. They have little reason to think it won’t follow in Bitcoin’s footsteps. The bullish narrative is further strengthened by the Ethereum network’s upcoming change, set for May 7. Dubbed the largest change in the number of Ethereum Improvement Proposals (EIPs) executed, it is expected to take the programmable part of Ethereum—that is, the layer that runs the smart contracts, which are the “decentralized apps” or “dapps”—to a new level. These smart contracts and dapps are the financial apps of the future, written in computer code, and operable on the virtual computers that are the Ethereum network. To recap, the enthusiasm surrounding digital asset investments has returned in full force — fueled by huge amounts of fresh capital and an even stronger fundamental backdrop. While the Bitcoin price has been making all the headlines, Ethereum has been steadily building its stature as a core component of the decentralized economy — from the real-world asset tokenization that’s gathering pace to the deepening interest from institutional players. With its own upcoming upgrade and some swelling ETF inflows, Ethereum is probably going to be the next center of attention within the crypto space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
Binance Futures has announced the launch of two new USDⓈ Margined perpetual contracts – ASRUSDT and ALPINEUSDT – as part of its ongoing efforts to expand trading options and improve user experience on its platform. Binance Futures to Launch ASRUSDT and ALPINEUSDT Perpetual Contracts with Up to 75x Leverage According to the company's statement, the ASRUSDT perpetual contract will go live on May 6, 2025 at 12:30, while the ALPINEUSDT contract will go live on the same day at 12:45. Both contracts will support leverage of up to 75 times. The new offerings will also be integrated into Futures Copy Trading within 24 hours of launch, allowing users to mirror the strategies of experienced traders. Binance noted that more information on copy trading compatible contracts can be found via the platform FAQ. At launch, both contracts will have a maximum funding rate of +2.00% / -2.00%, with funding fees paid every four hours. The addition of ASRUSDT and ALPINEUSDT expands Binance Futures’ scope of assets tied to fan tokens, addressing the growing interest in crypto derivatives linked to sports and entertainment projects. *This is not investment advice. Continue Reading: Binance Futures Announces Listing of Two New Altcoin Trading Pairs with Up to 75x Leverage! Here Are the Details
VanEck’s filing to launch a spot BNB ETF marks a pivotal moment for crypto investment in the U.S., highlighting opportunities and risks in the market. This ETF could pave the
A Russian-Israeli citizen accused of participating in the $190 million Nomad Bridge hack is facing extradition to the United States following his arrest at an Israeli airport. Alexander Gurevich, who is suspected of exploiting a major vulnerability in the Nomad crypto bridge in 2022, was detained on May 1 at Ben-Gurion Airport in Tel Aviv while attempting to board a flight to Russia. The arrest comes after U.S. authorities filed an eight-count indictment against him in August 2023 and submitted a formal extradition request in December. Gurevich Summoned to Israeli Court After Return According to a report from The Jerusalem Post , Gurevich had returned to Israel from abroad on April 19. Soon after, he was summoned to appear before the Jerusalem District Court for an extradition hearing. In a curious move, Gurevich legally changed his name to “Alexander Block” on April 29 and was issued a new passport under that identity the following day. Authorities allege that Gurevich stole approximately $2.89 million in digital tokens during the August 2022 Nomad Bridge hack. The breach quickly spiraled into a wider incident as other attackers copied the exploit, pushing total losses to $190 million. Prosecutors say Gurevich reached out to Nomad’s CTO, James Prestwich, on Telegram shortly after the hack using a fake identity. He reportedly admitted to targeting vulnerable crypto protocols and apologized for the disruption. Alexander Gurevich ("Block") was arrested Thursday at Ben Gurion Airport in Israel. He is wanted in the United States for computer offenses, transfer of stolen money and laundering money worth millions of dollars in a sting that in 2022 almost led to the collapse of one… pic.twitter.com/d8RepO3tT5 — יואב איתיאל מדווח כי (@yoavetiel) May 3, 2025 Gurevich transferred roughly $162,000 worth of assets back to a recovery wallet set up by Nomad, though communications broke down after he requested a $500,000 reward for discovering the flaw. The U.S. indictment, filed in California where the Nomad team is based, charges Gurevich with several computer-related crimes, including money laundering and transferring stolen digital property. If convicted in the U.S., he could face up to 20 years in prison—significantly more than the penalties he would face under Israeli law. Investigators believe Gurevich was physically in Israel at the time of the attack, adding another layer of complexity to the case. As extradition proceedings move forward, U.S. prosecutors will seek to hold him accountable for one of the most high-profile crypto heists of 2022. Crypto Hacks Surge in 2025 as Losses Top $1.74 Billion in Four Months Hackers stole over $92.4 million from crypto projects in April 2025 alone, according to blockchain security firm Immunefi . The figure represents a 27.3% year-over-year increase and more than double the losses reported in March. April’s attacks occurred across 15 incidents, with two major exploits accounting for the bulk of the damage. UPCX, an open-source platform, lost $70 million in a single attack, while decentralized exchange KiloEx was hit for $7.5 million. Other affected projects included Loopscale, ZKsync, Term Labs, and Bitcoin Mission, each experiencing losses exceeding $1 million. Cumulatively, the first four months of 2025 have already seen $1.74 billion in crypto losses—more than all of 2024, which totaled $1.49 billion. Immunefi previously noted that Q1 2025 was the worst quarter for hacks in crypto history, driven largely by massive breaches of centralized exchanges Phemex and Bybit. The post Alleged $190M Nomad Hacker Faces US Extradition After Arrest appeared first on Cryptonews .
Crypto exchange OKX’s CEO for its Middle East and North Africa (MENA) arm has urged the crypto industry to focus on delivering real-world utility as interest in real-world asset (RWA) tokenization accelerates. In a Cointelegraph interview at the Token20249 event in Dubai, OKX MENA CEO Rifad Mahasneh warned that while tokenization is promising, projects must “clearly demonstrate” the benefits of tokenizing specific assets. “In some cases, we’re tokenizing things that don’t need tokenization, but in some cases, we’re tokenizing things that actually give you real, everyday value, right? And if you can see that everyday value, then that is a promising project,” Mahasneh told Cointelegraph. The executive said that, similar to other industries, hype can drive project growth in the Web3 space. However, the executive told Cointelegraph that providing everyday value should be the priority. OKX MENA CEO Rifad Mahasneh at the Token2049 media lounge. Source: Cointelegraph RWA tokenization gains traction in the UAE Mahasneh’s comments come amid an increase in real-world asset tokenization projects in the Middle East, including the United Arab Emirates. On May 1, MultiBank Group signed a $3 billion RWA agreement with the UAE-based real-estate firm MAG and blockchain infrastructure provider Mavryk — the largest RWA initiative across the globe to date. In addition to billions in RWA deals, the UAE government has itself started working on RWA tokenization. On March 19, the Dubai Land Department — the government agency responsible for promoting, organizing and registering real estate in Dubai — announced a pilot phase of its real-estate tokenization project. The agency is working with Dubai’s Virtual Assets Regulatory Authority (VARA), the emirate’s crypto regulator. On Jan. 9, RWA project Mantra also signed a $1 billion deal with Damac Group to tokenize the assets of the UAE-based conglomerate. However, months later, Mantra saw one of the biggest token collapses in crypto history, wiping out billions in market capitalization on April 13. Mahasneh told Cointelegraph that the region’s clear regulations drive these moves from bigger institutions to get into tokenization and crypto. The OKX MENA CEO said that clear regulations allow players to understand how key players in the space, like exchanges, are governed by reading the rulebooks set by regulators. Related: Real estate not the best asset for RWA tokenization — Michael Sonnenshein UAE stablecoin framework gives institutions confidence The executive also praised the region’s progress in its stablecoin regulations. In June 2024, the Central Bank of the UAE approved a regulatory framework for stablecoin licensing. This clarifies the issuance, supervision and licensing of dirham-backed payment tokens. According to Mahasneh, this demonstrates the UAE’s speed in regulating crypto-related technologies. The executive also highlighted that the involvement of the central bank gives institutions extra confidence in getting into the business. “Other markets are still debating whether they should have crypto regulations. Here, we moved into developing stablecoin regulations. For an investor, you want to know that your stablecoin is regulated. That’s a big plus,” Mahasneh said. Since then, major players like Tether have joined the race in issuing a dirham-pegged stablecoin . On April 29, institutions like Abu Dhabi's sovereign wealth fund, the Abu Dhabi Developmental Holding Company (ADQ), First Abu Dhabi Bank and the International Holding Company partnered to launch a dirham-pegged stablecoin , pending regulatory approval. Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
As central banks worldwide explore retail Central Bank Digital Currencies (CBDCs), concerns grow about the potential erosion of financial freedom and privacy. Recent discussions highlight that CBDCs might not merely