May 6th, 2025 – Dubai, UAE class=”ql-align-justify”> MultiBank Group , the world’s largest financial derivatives institution, has signed a historic $3 billion tokenization agreement MAG Lifestyle Development , the leading real estate developer in the UAE, and Mavryk , a leading blockchain innovator, marking the largest real-world asset (RWA) tokenization initiative globally to date. The initiative highlights the imminent launch of MBG, the utility token at the core of MultiBank’s next-generation digital finance ecosystem. The partnership will bring MAG’s high-value real estate developments — The Ritz-Carlton Residences, Dubai, Creekside, which is part of the Keturah Resort, and Keturah Reserve — onto the blockchain, making them available to global investors via MultiBank.io’s fully regulated RWA marketplace. Once launched, holders of the RWA assets will be able to earn yield distributed daily on the MultiBank.io platform. The MBG token will power access, staking, fee payments, and platform engagement, positioning it as the infrastructure layer behind institutional-grade digital asset offerings. As part of the agreement, MAG will provide its premium real estate inventory for tokenization, while Mavryk will deliver the blockchain infrastructure to support on-chain asset issuance and DeFi integrations. MultiBank Group will oversee regulatory compliance, secondary market liquidity, and platform governance — all reinforced by the MBG token’s multi-layered utility. “This isn’t just a real estate deal — it is a flagship use case for the MBG token. By enabling seamless access to $3B in tokenized property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure. This is how we make Web3 real.” said Zak Taher, Founder and CEO of MultiBank.io. Talal Al Gaddah, Senior Executive Vice Chairman of MAG, said: “At MAG, we have always been driven by excellence and a passion for shaping the property landscape of tomorrow. Partnering with MultiBank Group marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain, while preserving uncompromising standards of transparency and stakeholder protection.” Alex Davis, Founder and CEO of Mavryk, commented “This collaboration represents a paradigm shift in how real-world assets are accessed and traded. By leveraging our advanced tokenization and DeFi infrastructure, we are transforming landmark developments into borderless, liquid investment opportunities. Together with MAG and MultiBank Group, we are laying the technological foundation for a transparent, scalable future where institutional-grade assets are available at the click of a button.” With a buyback-and-burn model tied to platform revenues and staking rewards designed to incentivize long-term engagement, MultiBank Group provides tangible value for both retail and institutional users. From discounted fees and VIP tiers to launchpad access and real-world asset exposure, the MBG token is engineered to reward participation and drive ecosystem demand. The initial tokenization of $3 billion is just the beginning. The platform is built to scale up to $10 billion in assets, setting the stage for a new era of programmable ownership and compliant digital investing — with MBG at its foundation Legal Disclaimer The Ritz-Carlton Residences, Dubai, Creekside, are not owned, developed, or sold by The Ritz-Carlton Hotel Company, LLC or its affiliates (“Ritz-Carlton”). MAG of Life FZ-LLC uses The Ritz-Carlton marks under a license from Ritz-Carlton, which has not confirmed the accuracy of any of the statements or representations made herein. About MAG MAG , is the real estate development arm of MAG Group – a multinational conglomerate based in the UAE, with a 46-year-old legacy. MAG was established in 2003 and its current real estate portfolio ranges from iconic residential towers and communities to ultra luxury developments that incorporate Bio Living and wellness-focused concepts, which are considered firsts in the region. With a commitment to excellence, MAG continues to shape the future of urban living, delivering transformative projects that enhance lifestyles and communities. About MultiBank Group MultiBank Group , established in California, USA in 2005, is a global leader in financial derivatives, serving over 2 million clients across 100 countries, and boasts a trading volume that exceeds $35 billion per day during the first 4 days in April 2025. Renowned for its innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group offers an array of brokerage services and asset management solutions. It is regulated across five continents by 17 of the most reputable financial authorities globally. The Group’s award-winning trading platforms offer up to 500:1 leverage on a diverse range of products, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 70 financial awards recognizing its trading excellence and regulatory compliance. For more information, users can visit MultiBank Group’s website . About Mavryk Mavryk is the Layer-1 blockchain designed to revolutionize asset ownership and nurture the RWA community, building the tokenization of assets for tomorrow. By leveraging RWA tokenization, DeFi applications, and robust infrastructure, Mavryk aims to transform how individuals interact with and leverage tokenized assets. Our vision is to create an interconnected network economy through the seamless integration of RA with DeFi. Contact Nasser Saimeh nasser@cbpr.me This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility. Follow Us on X Facebook Telegram Check out the Latest Industry Announcements The post MultiBank Group to tokenize $3 billion in real estate assets with MAG as it readies to launch MBG appeared first on The Daily Hodl .
The U.S. Securities and Exchange Commission (SEC) has delayed its decision on Canary Capital's application for a spot Litecoin exchange-traded fund (ETF), which was originally expected by May 5, 2025. Unlike other cryptocurrency ETF filings that faced early delays, the Litecoin ETF proposal had remained on schedule, leading some analysts to consider the possibility of an early approval. However, the SEC's recent postponement aligns with its ongoing cautious approach toward altcoin fund approvals. Industry observers note that the delay may be influenced by the recent swearing-in of a new SEC commissioner two weeks prior, who is still acclimating to the role. Despite this setback, expectations remain that the majority of existing cryptocurrency ETF filings could receive approval before the end of the year. The Litecoin ETF, if approved, would mark a notable development in the cryptocurrency investment landscape. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Dubai, UAE, May 6th, 2025, Chainwire MultiBank Group , the world’s largest financial derivatives institution, has signed a historic $3 billion tokenization agreement MAG Lifestyle Development , the leading real estate developer in the UAE, and Mavryk , a leading blockchain innovator, marking the largest real-world asset (RWA) tokenization initiative globally to date. The initiative highlights the imminent launch of $MBG, the utility token at the core of MultiBank’s next-generation digital finance ecosystem. The partnership will bring MAG’s high-value real estate developments — The Ritz-Carlton Residences, Dubai, Creekside, which is part of the Keturah Resort, and Keturah Reserve — onto the blockchain, making them available to global investors via MultiBank.io’s fully regulated RWA marketplace. Once launched, holders of the RWA assets will be able to earn yield distributed daily on the MultiBank.io platform. The $MBG token will power access, staking, fee payments, and platform engagement, positioning it as the infrastructure layer behind institutional-grade digital asset offerings. As part of the agreement, MAG will provide its premium real estate inventory for tokenization, while Mavryk will deliver the blockchain infrastructure to support on-chain asset issuance and DeFi integrations. MultiBank Group will oversee regulatory compliance, secondary market liquidity, and platform governance — all reinforced by the $MBG token’s multi-layered utility. “This isn’t just a real estate deal — it is a flagship use case for the $MBG token. By enabling seamless access to $3B in tokenized property, MultiBank becomes the bridge between regulated finance and next-generation investment infrastructure. This is how we make Web3 real.” said Zak Taher, Founder and CEO of MultiBank.io. Talal Al Gaddah, Senior Executive Vice Chairman of MAG, said: "At MAG, we have always been driven by excellence and a passion for shaping the property landscape of tomorrow. Partnering with MultiBank Group marks a milestone in broadening access to high-value developments and unlocking liquidity via blockchain, while preserving uncompromising standards of transparency and stakeholder protection." Alex Davis, Founder and CEO of Mavryk, commented “This collaboration represents a paradigm shift in how real-world assets are accessed and traded. By leveraging our advanced tokenization and DeFi infrastructure, we are transforming landmark developments into borderless, liquid investment opportunities. Together with MAG and MultiBank Group, we are laying the technological foundation for a transparent, scalable future where institutional-grade assets are available at the click of a button.” With a buyback-and-burn model tied to platform revenues and staking rewards designed to incentivize long-term engagement, MultiBank Group provides tangible value for both retail and institutional users. From discounted fees and VIP tiers to launchpad access and real-world asset exposure, the $MBG token is engineered to reward participation and drive ecosystem demand. The initial tokenization of $3 billion is just the beginning. The platform is built to scale up to $10 billion in assets, setting the stage for a new era of programmable ownership and compliant digital investing — with $MBG at its foundation Legal Disclaimer The Ritz-Carlton Residences, Dubai, Creekside, are not owned, developed, or sold by The Ritz-Carlton Hotel Company, LLC or its affiliates (“Ritz-Carlton”). MAG of Life FZ-LLC uses The Ritz-Carlton marks under a license from Ritz-Carlton, which has not confirmed the accuracy of any of the statements or representations made herein. About MAG MAG , is the real estate development arm of MAG Group – a multinational conglomerate based in the UAE, with a 46-year-old legacy. MAG was established in 2003 and its current real estate portfolio ranges from iconic residential towers and communities to ultra luxury developments that incorporate Bio Living and wellness-focused concepts, which are considered firsts in the region. With a commitment to excellence, MAG continues to shape the future of urban living, delivering transformative projects that enhance lifestyles and communities. About MultiBank Group MultiBank Group , established in California, USA in 2005, is a global leader in financial derivatives, serving over 2 million clients across 100 countries, and boasts a trading volume that exceeds $35 billion per day during the first 4 days in April 2025. Renowned for its innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group offers an array of brokerage services and asset management solutions. It is regulated across five continents by 17 of the most reputable financial authorities globally. The Group’s award-winning trading platforms offer up to 500:1 leverage on a diverse range of products, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 70 financial awards recognizing its trading excellence and regulatory compliance. For more information, users can visit MultiBank Group’s website . About Mavryk Mavryk is the Layer-1 blockchain designed to revolutionize asset ownership and nurture the RWA community, building the tokenization of assets for tomorrow. By leveraging RWA tokenization, DeFi applications, and robust infrastructure, Mavryk aims to transform how individuals interact with and leverage tokenized assets. Our vision is to create an interconnected network economy through the seamless integration of RA with DeFi. ContactNasser Saimehnasser@cbpr.me Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
On May 2, 2025, Apple formally implemented a significant revision to its U.S. App Store policies, enabling developers to integrate external payment options into their applications. This move follows a federal court ruling enforcing a 2021 injunction issued in the Epic Games antitrust case, which found Apple in violation for restricting developers from directing users to non-Apple payment systems. Crypto influencer Amelie reacted to the update by stating on Twitter: “BREAKING: APPLE TO ALLOW CRYPTO PAYMENTS OUTSIDE THE APP STORE! APPLE IS INTERCONNECTED WITH RIPPLE’S INTERLEDGER PROTOCOL! #XRP APPLE.” BREAKING: APPLE TO ALLOW CRYPTO PAYMENTS OUTSIDE THE APP STORE! APPLE IS INTERCONNECTED WITH RIPPLE‘S INTERLEDGER PROTOCOL! #XRP APPLE https://t.co/Ha7aniqe84 pic.twitter.com/AZ0YUyAD5Y — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) May 4, 2025 Her tweet strongly emphasizes the potential linkage between Apple’s policy transition and Ripple’s Interledger Protocol (ILP), a framework designed to facilitate interoperability between various payment networks, including traditional banking systems and cryptocurrencies such as XRP . External Transactions Now Permitted Without Apple Fees The underlying court order mandates Apple to permit app developers to include buttons or links leading users to third-party websites for purchasing digital content. Previously, Apple had imposed 15% to 30% commissions on such transactions, including warning labels about external payment risks. Under the revised guidelines, these charges and prompts are no longer applicable within external payments made via links embedded in U.S.-based applications. Many crypto community members viewed this development as a strategic milestone for wider adoption. Applications that deal with non-fungible tokens (NFTs), decentralised finance (DeFi) functionalities, and crypto wallets can now process transactions outside Apple’s fee infrastructure, thereby retaining most revenue. Developers also gain the option to use third-party payment processors such as Stripe, which supports crypto transactions, thus broadening the operational flexibility of blockchain-integrated applications. Ripple’s Interledger Protocol Highlighted by Crypto Community Amelie’s mention of Ripple’s Interledger Protocol introduces another layer of significance for those observing the convergence of major tech platforms with blockchain-based infrastructure. Ripple’s ILP aims to enable the seamless transfer of value across disparate payment networks, which, if integrated with systems like Apple’s, could accelerate real-world utility for XRP and similar digital assets. While no official partnership between Apple and Ripple has been confirmed, Amelie’s tweet underscores a growing sentiment that interoperability protocols may eventually underpin the backbone of digital payment evolution. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Future Implications Depend on Ongoing Legal Developments The timing and scope of this policy change coincide with increasing regulatory scrutiny and the enforcement of antitrust measures across major technology firms. Apple’s decision, though driven by a U.S. legal obligation, parallels the European Union’s Digital Markets Act, which promotes open and competitive digital ecosystems by challenging closed-platform models. While Apple has officially opposed the court’s ruling and intends to appeal, enforcing these new terms remains effective within the United States as of early May. As Apple complies with legal requirements, the broader implications for the crypto sector are considerable. With fewer restrictions and lower transaction fees, developers are positioned to deliver enhanced user experiences and broader crypto adoption within mobile ecosystems. Whether Apple maintains this stance for long will depend on the outcome of its pending legal challenge, but for now, the crypto industry sees an open path to integration. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post This New Apple Report Is Bullish For Ripple and XRP. Here’s why appeared first on Times Tabloid .
Virtual's cryptocurrency skyrocketed 207% over 30 days, reaching $1.66. Impressive performance positions Virtual among the top 100 cryptocurrencies. Continue Reading: Virtual Token Soars to New Heights with a Significant Market Surge The post Virtual Token Soars to New Heights with a Significant Market Surge appeared first on COINTURK NEWS .
Imagine a digital treasure chest, untouched and hidden for over a decade, suddenly springing back to life. This is precisely what happened recently in the world of cryptocurrency, capturing the attention of market watchers. A specific Bitcoin address that had been completely inactive for nearly 12 years has suddenly shown signs of life, making significant moves that have sparked curiosity and speculation across the community. What Happened to the Dormant Bitcoin Address? According to data highlighted by blockchain tracking service Whale Alert and confirmed via the Bitcoin explorer Mempool, a dormant Bitcoin address that last saw activity in mid-2012 executed a transaction on May 5, 2024, at approximately 21:32:19 UTC. This address holds a substantial amount of BTC – specifically, 2,343.48 BTC. At the time of the transaction, the value of these holdings was estimated to be around $222.8 million. The sheer duration of the dormancy – 11.8 years – is what makes this event particularly noteworthy. Wallets from this era often belong to early adopters, miners, or investors who acquired Bitcoin when its price was significantly lower than today’s levels. The sudden activation of such a large, old holding naturally leads to questions about the owner’s identity and intentions. The Significance of a Whale Wallet Awakening When a whale wallet holding hundreds of millions of dollars in Bitcoin makes a move after such a long period of inactivity, it inevitably becomes a focal point for market observers. In cryptocurrency parlance, a ‘whale’ is an individual or entity holding a very large amount of crypto, capable of potentially influencing market prices with large trades. The awakening of a long-dormant BTC whale wallet is significant for several reasons: Historical Context: It represents a piece of Bitcoin’s early history. The owner likely acquired this BTC when the network was young and less known. Potential Market Impact: While one address moving funds doesn’t guarantee a sale, large transfers from whales are often watched closely for potential shifts in market supply. Mystery and Speculation: Who owns this address? Was it a lost key recovered? An early investor deciding now is the time to move funds? An institution? The mystery fuels discussion. Tracking the Crypto Whale’s Moves Blockchain explorers and tracking services like Whale Alert play a crucial role in monitoring the movements of large holders and detecting activity from addresses that have been inactive for long periods. The ability to publicly view transactions on the Bitcoin blockchain allows for transparency, although the identity behind specific addresses often remains pseudonymous. For many in the crypto community, tracking the activity of a crypto whale provides insights into potential market sentiment or upcoming supply changes. While the immediate impact of this specific transfer is not yet clear – the funds were reportedly moved to a new address, not necessarily an exchange – the event itself is a reminder of the early wealth accumulated in Bitcoin and the potential for these large, old holdings to become active at any time. Challenges and Unanswered Questions Despite the transparency of the blockchain showing the transaction, several questions remain unanswered: Who is the owner of this ancient address? Why did they choose to move the funds now after almost 12 years? What are their intentions for this significant amount of BTC? These questions add to the intrigue surrounding such events. Recovering access to a wallet after such a long time could be due to finding lost keys, remembering passphrases, or perhaps institutional consolidation of old holdings. Until further moves are made (e.g., sending funds to an exchange), the ultimate purpose behind this whale’s awakening remains a subject of speculation. Summary: A Glimpse into Bitcoin’s Past and Future Potential The activation of a dormant Bitcoin address holding over $220 million after nearly 12 years is a fascinating event that highlights both the early days of Bitcoin and the significant wealth accumulated by its pioneers. While the identity and motives of the owner remain unknown, the movement of such a large whale wallet serves as a compelling reminder of the potential value locked away in old addresses and the constant activity monitored on the blockchain. It’s a piece of Bitcoin history waking up in the present day. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action.
With the XRP price struggling to break out of consolidation, there is still a lot left for the altcoin to do before a definite uptrend can be registered. So far, it seems that the XRP price has already made its way through multiple support levels. However, a wave count is yet to begin that could send the altcoin soaring, according to an XRP analyst. This could mean that the cryptocurrency has more upside to come, especially as the market is expected to usher in an altcoin season. 5 Wave Counts Coming For XRP Price Crypto analyst Dark Defender took to X (formerly Twitter) to expound upon where the XRP price could be headed next. This comes after a retest of the $2.22 level and the eventual rejection from this level. The result of this is a bearish retest of the support at $2.13, a level that could be the defining moment for the bears. Nevertheless, bullish expectations are still rampant and Dark Defender has revealed how this could play out for the XRP price. Related Reading: Analyst Says $2 XRP Price Is Low As It Still Isn’t “Activated” As the altcoin is expected to move through five waves, the first of these waves is naturally expected to be bullish. The crypto analyst says the XRP price correction is now nearing its end and this could mean the start of this first wave. This wave, if it plays out correctly, could push the price to $2.8 in the first instance. On the next wave, the price is expected to correct sharply, triggering an almost 20% crash and pushing toward $2.3. However, with the third wave being more bullish than the first, another bounce would set XRP on a path above $4. In this instance, the XRP price would’ve reached a brand-new all-time high, with the expectation of beating its 2017 high of $3.8. Next is the fourth bearish wave and this would push the price back below $4 again, but not for long. Once the fifth and final wave is underway, it is expected to push the price even higher. For this wave, the crypto analyst sees the XRP price rising as high as $6.3 for the final leg-up. Related Reading: Dogecoin Price Hit An Early Bottom? Why $0.35 Is Still Possible Interestingly, all of this is expected to happen in the short-term, which means sometime in 2025. The shared chart shows a completion of the five waves by December 2025, giving only seven months for all of this to play out and reach above $6. However, there is still the possibility of invalidation, especially as support for the first wave is expected at $1.88. A break below this level could trigger further downside and lead to the complete breakdown of the XRP price. Featured image from Dall.E, chart from TradingView.com
Uniswap is now live on Soneium, Sony’s entertainment-focused Layer 2 platform, allowing users to swap, provide liquidity, and bridge across networks. This integration supports seamless value exchange for various digital assets, including collectibles and tokenized intellectual property. Launched in January 2025, Soneium aims to protect intellectual property and onboard new users to onchain experiences, with
Binance Futures Lists B2USDT and MILKUSDT Perpetual Contracts