Two major developments this week show a growing institutional shift toward decentralized finance and blockchain-native financial tools. Anchorage Digital has added Uniswap-powered DeFi capabilities to its institutional-grade Porto wallet, while DeFi Development Corp, a Solana-focused treasury firm, announced plans to tokenize its publicly traded shares via a partnership with Kraken and the xStocks platform. Anchorage Digital Adds DeFi Capabilities to Porto Wallet in Major Institutional Push Anchorage Digital, a leading crypto custody firm serving institutions, has taken a significant step toward bridging the gap between decentralized finance (DeFi) and traditional finance. The company has officially integrated DeFi capabilities into its institutional-grade Porto wallet, giving clients direct access to on-chain liquidity and token swaps through Uniswap. This development marks a crucial evolution in Anchorage’s service offering, aligning with a broader trend of institutional adoption of DeFi . The move is expected to bolster the use of secure DeFi applications among regulated entities, as institutions look to move beyond passive crypto exposure and toward active participation in decentralized ecosystems. Anchorage’s Porto wallet—used by high-profile clients including Maple Finance, the Sui Foundation, and decentralized exchange dYdX—was already known for its secure, regulated architecture. With Uniswap now integrated, those clients and others will be able to seamlessly access decentralized liquidity, execute token swaps, and interact with DeFi protocols, all within the compliance-first environment they require. This upgrade positions Porto as a direct competitor to other institutional wallet platforms like Fireblocks, Fordefi, Blockdaemon, and Consensys. While those platforms have also explored DeFi access, Anchorage's emphasis on integrating a native DeFi experience via Uniswap puts it at the forefront of regulated DeFi engagement. Uniswap currently has over $4.5 billion in total value locked (TVL), according to DeFiLlama, making it one of the most trusted decentralized liquidity providers. The integration not only broadens access to DeFi but does so by connecting institutions to one of the sector’s most liquid and widely used platforms. Institutional DeFi Gathers Steam Institutional DeFi—a concept that marries the decentralization of blockchain-based finance with the security and compliance frameworks required by large financial players—has seen increased traction in 2025. As regulators around the world continue to issue clearer guidance for digital assets, many banks, hedge funds, and asset managers are exploring ways to leverage DeFi without exposing themselves to unmanaged risks. At its core, institutional DeFi seeks to combine the permissionless and open nature of DeFi with built-in controls for governance, audits, and risk management. For Anchorage, which holds a federally chartered digital asset bank status in the United States, the new Porto wallet integration allows clients to engage with DeFi confidently, knowing they are backed by compliant infrastructure. This momentum is underpinned by strategic alliances as well. BlackRock, the world’s largest asset manager, has partnered with Anchorage for digital asset custody, signaling a broader alignment of interest between traditional financial giants and crypto-native platforms. Anchorage’s DeFi wallet upgrade comes at a time when the broader DeFi sector has been volatile. According to DeFiLlama, total value locked across DeFi protocols has declined from $137 billion in late 2024 to $106 billion as of this writing. Despite the dip, experts point to rising institutional engagement and increased DeFi regulation as signs of a maturing market. DeFi TVL (Source: DeFiLlama ) Anchorage itself has been expanding aggressively. In 2021, the company raised $350 million at a $3 billion valuation from investors including Andreessen Horowitz and Apollo Funds. Most recently, the firm acquired Mountain Protocol, a move that led to the wind-down of the USDM stablecoin. The acquisition was seen as a step toward further consolidation and vertical integration in Anchorage’s business model. The Future of DeFi: Secure, Fast, and Institutional The integration of Uniswap into the Porto wallet is a pivotal moment in DeFi’s journey from fringe financial experiment to institutional mainstay. It not only enables Anchorage clients to access DeFi faster and more securely, but it also sets a new benchmark for how financial institutions can interact with blockchain networks. As firms like Anchorage continue to refine their offerings, the lines between traditional and decentralized finance will likely continue to blur—paving the way for a financial future that is both programmable and institutionally trusted. DeFi Development Corp to Tokenize Shares via Kraken and Solana, Marking a Milestone for Stock on Blockchain Meanwhile, DeFi Development Corporation — formerly known as Janover — announced Monday that it will tokenize its company shares through a new partnership with leading crypto exchange Kraken. The initiative will leverage xStocks, a tokenization platform developed by Backed and recently integrated by Kraken, to bring DeFi Development’s shares onchain. The platform operates on the Solana blockchain and was introduced by Kraken in May with a mission to make tokenized shares of major US companies like Apple, Tesla, and Nvidia accessible to non-US investors. “We view the tokenization of our stock as a DeFi Lego block — one that developers and institutions can build on top of,” said Joseph Onorati, CEO of DeFi Development Corp., emphasizing the modular potential of tokenized equity in decentralized ecosystems. DeFi Development’s entry into onchain stock issuance represents a rare real-world use case for tokenized equity, especially at the public company level. The company’s shares will be wrapped as digital tokens on Solana, one of the fastest and most efficient blockchains optimized for high-throughput applications — a natural fit for fractionalized equity. The move follows a broader institutional tilt toward Solana. In April, Nasdaq-listed Upexi raised $100 million, allocating over 90% to SOL acquisitions. Similarly, Canadian firm Sol Strategies has increased its Solana holdings despite reporting a $3.5 million Q2 income loss. DeFi Development, under its new name and leadership, has joined this trend aggressively. After a group of former Kraken executives acquired Janover in April and rebranded it, the company quickly purchased $11.5 million in SOL and laid out plans to raise an additional $1 billion in capital to grow its Solana treasury. Market Reaction and Intraday Performance The announcement drove early gains in DeFi Development’s stock price on the Nasdaq. Shares rose more than 3% in the early hours of trading on Monday before paring back. At the time of writing, the company’s stock was up 0.6% on the day, trading at $25.03, according to Google Finance. DeFi Development Corp shares intraday performance on June 23 (Source: Google Finance ) Though modest, the move signals investor recognition of the company’s blockchain-forward strategy and its early lead in the emerging category of tokenized public equities. Stock tokenization refers to the process of issuing equity as blockchain tokens that can be fractionalized, traded 24/7, and transferred peer-to-peer with minimal friction. These tokenized assets are typically backed 1:1 by traditional shares and maintained via a trusted custodian or partner. While the broader tokenization sector — known as real-world assets (RWAs) — has grown to $24.3 billion in total market cap, tokenized equities remain a niche segment. According to RWA data provider RWA.xyz, tokenized stocks account for just $365 million, or 1.5% of the total market. That may soon change, however, as both demand and infrastructure evolve. Kraken’s push with xStocks, and Robinhood’s reported plans to build a blockchain-based stock trading platform for European users, suggest a rising tide of interest. Even Binance floated a similar initiative in 2021 before regulatory hurdles forced it to abandon the effort. Kraken’s partnership with xStocks aims to bridge global access to US equities by tokenizing them on public blockchains and distributing them to non-US investors through a DeFi-compatible interface. By choosing Solana as the underlying network, xStocks is optimizing for scalability, low transaction costs, and fast settlement times — key features for high-volume trading of fractionalized securities. For institutions like DeFi Development, this provides a more efficient way to engage investors across jurisdictions without the traditional cost and time barriers of legacy market infrastructure. The Bigger Picture: DeFi Meets TradFi This latest move highlights a key theme in 2025’s evolving financial landscape: the growing intersection of DeFi and TradFi. While tokenized treasuries and real estate assets have gained traction over the past year, public company shares are just beginning to make the leap onchain. By tokenizing its shares, DeFi Development Corp is not only offering a proof of concept for what public equity can look like in a blockchain-native world — it’s also inviting developers, investors, and institutions to begin stacking new financial primitives on top of tokenized corporate ownership.
According to data from the Dune Dashboard shared by @ethan714, the Binance Alpha Trading Volume Points Event saw a marked decline in user participation on June 23rd, with only 83,867
Disclaimer: This article is a press release. COINTURK NEWS is not responsible for any damage or loss related to any product or service mentioned in this article. Continue Reading: Best Layer 1 Pick for 2025? Kaanch Presale Stage 7 Gains Momentum as Solana Whales Move In The post Best Layer 1 Pick for 2025? Kaanch Presale Stage 7 Gains Momentum as Solana Whales Move In appeared first on COINTURK NEWS .
Analysts told Decrypt that Sei's strong on-chain growth over the preceding months could help support its recent price gains.
The post AE Coin Adoption Grows in UAE: From Airline Bookings to Taxi Rides appeared first on Coinpedia Fintech News UAE taxi riders can now pay using AE Coin , a Dirham-backed stablecoin . This marks a key milestone in the country’s efforts to integrate blockchain -based payments into daily life. What Is AE Coin and How Is It Powering UAE Taxis? As part of Abu Dhabi’s smart city initiative, the Integrated Transport Center has partnered with Al Maryah Community Bank (MBank) to introduce AE Coin payments in taxis. AE Coin is the UAE’s first Dirham-backed stablecoin, pegged 1:1 to the UAE Dirham. It is designed to deliver price stability, fast settlement, and low transaction costs, making it ideal for everyday digital transactions. Though relatively new, AE Coin is gaining momentum. It received its final license from the Central Bank of the UAE in December 2024, officially recognizing it as a regulated digital payment solution. A Boost to Abu Dhabi’s Smart Transport Vision Tawasul Transport General Manager, Ghena Jbour, emphasized that this integration supports Abu Dhabi’s broader goal of developing a smart and sustainable transportation system, offering passengers more flexible payment options. MBank CEO, Mohammed Wassim Khayata, added that AE Coin’s integration into transportation aligns with the UAE’s Digital Government Strategy 2025, which focuses on accelerating digital adoption across public and private sectors. AE Coin Adoption Expands to the Airline Industry Beyond taxis, AE Coin is now accepted by Air Arabia for flight bookings. This move reinforces the growing real-world utility of stablecoins in the UAE, signaling a broader shift toward crypto-inclusive commerce. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Israeli Arrested for Selling Secrets to Iran for Crypto , UAE Leads the Way in MENA’s Stablecoin Adoption The MENA region recorded $338.7 billion in crypto transaction volume between July 2023 and June 2024, accounting for 7.5% of global activity. Within the region, the UAE ranked third, contributing $34 billion in transaction volume with a 30% adoption rate. According to AE Coin General Manager Ramez Rafeek, stablecoins like AE Coin are proving that crypto can be seamlessly integrated into daily services across transportation and travel. Conclusion: UAE’s Digital Payment Revolution Is Underway With regulated stablecoins entering public services, the UAE is advancing its vision of becoming a global hub for digital innovation. The adoption of AE Coin in taxis and airlines is not just a tech upgrade—it’s a strategic step toward a blockchain-enabled economy. The future of everyday crypto payments is already unfolding in the UAE. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more. .subscription-options li { display: none; } .research-report-subscribe{ background-color: #0052CC; padding: 12px 20px; border-radius: 8px; color: #fff; font-weight: 500; font-size: 14px; width: 96%; } .research-report-subscribe img{ vertical-align: sub; margin-right: 2px; } Subscribe to News var templateIds = "6"; var listOfSubscribed = []; function subscribed_popupmodal(template_id) { var templateId = '6'; getAllSubscriberCategoryList([templateId]); var subcribemodal = window.parent.document.getElementById('subscribe-modal-design'); if (subcribemodal) { var modalContent = ` Never Miss a Beat in the Crypto World! Stay informed and gain the edge you need to navigate the crypto world. Select your subscription now Daily Get real-time crypto news, market insights, and blockchain updates. Weekly Stay updated with major trends, funding news, and price analysis. Monthly Receive a detailed report with market analysis and expert predictions. Subscribe Now `; subcribemodal.innerHTML = modalContent; } subscribe_unsubscribe_status(template_id); //getAllSubscriberCategoryList(template_id); } function toggleSubscription(subscription, template_id) { var subscriptionCheckbox = document.getElementById(subscription + '_' + template_id); var li = document.getElementById(subscription + 'Selected_' + template_id); if (subscriptionCheckbox.checked) { li.classList.add('active'); } else { li.classList.remove('active'); } } function getAllSubscriberCategoryList(getcategoryId) { jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'GET', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list', }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { var idstosubscribed = [] // Populate listOfSubscribed with subscribed category IDs result.message.forEach(listofcategory => { if (listofcategory.subscribe_status === 1) { if (!listOfSubscribed.includes(listofcategory._id)) { listOfSubscribed.push(listofcategory._id); } if (!idstosubscribed.includes(listofcategory.news_cp_category_row_id)) { idstosubscribed.push(listofcategory.news_cp_category_row_id); } } }); idstosubscribed.forEach(id => { var subscribeButton = document.getElementById('subscribe_' + id); var unsubscribeButton = document.getElementById('unsubscribe_' + id); if (subscribeButton && unsubscribeButton) { subscribeButton.style.display = 'none'; unsubscribeButton.style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } }); } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function subscribe_unsubscribe_status(getcategoryId) { var elementTounsubscribe = parent.document.getElementById('unsubscribe_' + getcategoryId); var elementTosubscribe = parent.document.getElementById('subscribe_' + getcategoryId); jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: { action: 'subscribe_api_ajax_request', apiurl: '/app/email_newsletter/list?category_row_id=' + getcategoryId, }, success: function(response) { var result = JSON.parse(response.message); if (result.status === true) { parent.jQuery('.skeliton-loader-block').hide(); var hasSubscribeStatusOne = false; result.message.forEach(subscribeStatus => { if (listOfSubscribed.includes(subscribeStatus._id) && subscribeStatus.subscribe_status === 1) { hasSubscribeStatusOne = true; } if (subscribeStatus.notification_type === 3) { parent.document.getElementById('monthlySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('monthly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('monthly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 2) { parent.document.getElementById('weeklySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('weekly_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('weekly_' + getcategoryId).checked = true; } } else if (subscribeStatus.notification_type === 1) { parent.document.getElementById('dailySelected_' + getcategoryId).style.display = 'block'; parent.document.getElementById('daily_' + getcategoryId).setAttribute('data-id', subscribeStatus._id); if (subscribeStatus.subscribe_status === 1) { parent.document.getElementById('daily_' + getcategoryId).checked = true; } } if (subscribeStatus.subscribe_status === 1) { listOfSubscribed.push(subscribeStatus._id); } }); if (hasSubscribeStatusOne) { elementTosubscribe.style.display = 'none'; elementTounsubscribe.style.display = 'block'; } else { elementTosubscribe.style.display = 'block'; elementTounsubscribe.style.display = 'none'; } } }, error: function(xhr, status, error) { console.error('Error:', error); } }); } function logSelectedSubscriptions(categoryid) { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); unsubscribemodal.innerHTML=''; subscribedmodal.innerHTML=''; var selectedSubscriptions = []; var storeCheckedId = []; var checkboxes = document.querySelectorAll('#subscription-options-' + categoryid + ' input[type="checkbox"]'); var errorMessage = document.getElementById('error-message-select'); // Use a Set to handle unique data-ids var uniqueSubscribedIds = new Set(listOfSubscribed); checkboxes.forEach(function(checkbox) { var dataId = parseInt(checkbox.getAttribute('data-id')); if (checkbox.checked) { selectedSubscriptions.push(checkbox.id); storeCheckedId.push(dataId); } else { uniqueSubscribedIds.delete(dataId); // Remove unchecked data-id } }); // Update listOfSubscribed with unique values listOfSubscribed = Array.from(uniqueSubscribedIds); var selectedSubscriptionsString = selectedSubscriptions.join(', '); var concatinateSubscribeId = [...new Set(storeCheckedId.concat(listOfSubscribed))]; var categoryData = { 'subscribed_categories': concatinateSubscribeId }; var requestSubscriberData = { action: 'handle_dynamic_api_request_with_headers', security: '2aefc39427', endpoint: '/app/email_newsletter/update_categories', token: '', data: categoryData }; jQuery.ajax({ url: 'https://coinpedia.org/wp-admin/admin-ajax.php', type: 'POST', data: requestSubscriberData, beforeSend: function(xhr) { xhr.setRequestHeader('X-Requested-With', 'XMLHttpRequest'); }, success: function(response) { try { response = response.data; if (storeCheckedId.length === 0) { var unsubcribedPopUpmodal = ` You’ve Unsubscribed Successfully We're sorry to see you go! Your subscription has been canceled. If you change your mind, you can re-subscribe anytime. Thank you for being part of our community! `; unsubscribemodal.innerHTML = unsubcribedPopUpmodal; document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; unsubscribemodal.style.display = 'block'; unsubscribemodal.classList.remove('hide'); unsubscribemodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'block'; document.getElementById('unsubscribe_' + categoryid).style.display = 'none'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'none'; } } else { var subscribedPopupModal = ` Thank you for subscribing! Thank you for subscribing to our crypto and blockchain newsletter! You’ll now receive the latest news, insights, and updates straight to your inbox. Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(','); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split('_')[0]); let subscribedCategoriesString = subscribedCategories.join(', '); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById('selectidname')) { document.getElementById('selectidname').textContent = subscribedCategoriesString; } document.querySelector('#subscribe-modal-design .modal').style.display = 'none'; subscribedmodal.style.display = 'block'; subscribedmodal.classList.remove('hide'); subscribedmodal.classList.add('show'); document.getElementById('subscribe_' + categoryid).style.display = 'none'; document.getElementById('unsubscribe_' + categoryid).style.display = 'block'; var showDownloadReport = document.getElementById('download_report'); if (showDownloadReport) { showDownloadReport.style.display = 'block'; } } } catch (e) { console.error('Error parsing response:', e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector('#' + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add('hide'); modal.classList.remove('show'); setTimeout(function() { modal.style.display = 'none'; }, 500); } else { console.warn('Modal not found:', modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector('.unsubscribed-popup-modal .modal'); if (unsubscribemodal) { unsubscribemodal.classList.add('hide'); unsubscribemodal.classList.remove('show'); } setTimeout(function() { unsubscribemodal.style.display = 'none'; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector('.subscribed-popup-modal .modal'); setTimeout(function() { subscribedmodal.style.display = 'none'; }, 500); if (subscribedmodal) { subscribedmodal.classList.add('hide'); subscribedmodal.classList.remove('show'); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem('subscribe_without_Login', 'true'); localStorage.setItem('subscribe_clicked_id', withoutlogin_id); } document.addEventListener('DOMContentLoaded', function() { const subscribewithoutData = localStorage.getItem('subscribe_without_Login'); const subscribe_clicked_cat_id = localStorage.getItem('subscribe_clicked_id'); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie('user_token'); if (subscribewithoutData === 'true' && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem('subscribe_without_Login'); localStorage.removeItem('subscribe_clicked_id'); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll('.subscription-options input[type="checkbox"]'); initialListItems.forEach(function(item) { console.log(item.checked, 'Initial Checkbox checked status'); }); var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector('.subscribe-submit .changeBtnText'); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = 'Subscribe Now'; } else { subscribeButtonSpan.textContent = 'Unsubscribe'; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll('.subscription-options li'); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector('input[type="checkbox"]'); if (checkbox) { if (checkbox.checked) { item.classList.add('active'); anyActive = true; // Set anyActive to true } else { item.classList.remove('active'); // Remove 'active' class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the 'active' class updateButtonText(anyActive); } document.addEventListener('click', function(event) { var clickedItem = event.target.closest('.subscription-options li'); if (clickedItem) { var checkbox = clickedItem.querySelector('input[type="checkbox"]'); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); FAQs What is AE Coin and how can I use it to pay for taxis in Abu Dhabi? AE Coin is a UAE Dirham–backed stablecoin introduced in Abu Dhabi taxis through the AEC Wallet app. You simply download the AEC Wallet on your phone, scan the QR code inside the taxi, and pay instantly with AE Coin, which is pegged 1:1 to the Dirham to ensure price stability Are taxis in Abu Dhabi and Dubai equipped to accept digital payments like AE Coin or credit cards? In Abu Dhabi, taxis have integrated AE Coin payments via QR codes and the AEC Wallet app. Dubai taxis generally accept Visa/MasterCard and Google Pay, but some drivers claim card machines are “not working” to avoid digital payments and prefer cash Is it safe to pay with AE Coin in taxis? Yes, AE Coin is a regulated, Dirham-backed stablecoin designed for secure, fast, and low-cost payments. It is supervised by UAE authorities, making it a trustworthy option for daily transactions. What are the benefits of paying with AE Coin instead of cash or card? AE Coin offers instant settlement, price stability (1 AE Coin = 1 AED), low transaction fees, and secure blockchain-based payments. It supports the UAE’s smart city goals by promoting digital payments in public transport.
The U.S. spot Bitcoin ETF market is experiencing an unprecedented surge, marked by ten consecutive days of substantial net inflows, highlighting growing institutional confidence in Bitcoin as a mainstream asset.
After several consecutive days in the red, the SUI token is showing signs of recovery as a sharp price rebound renews bullish sentiment. SUI ( SUI ), the native token of the Sui layer-1 blockchain, has been on the rise in recent hours, posting roughly 15% in fresh gains. The rally marks the end of a month-long losing streak that saw the token break key support levels and drop to new lows. At press time, SUI trades around $2.79, marking a strong recovery from the week’s low of $2.45. The rebound in the native token is not isolated and comes as investor sentiment improves across the broader crypto market amid easing geopolitical tensions. SUI’s price chart |Source: crypto.news While Bitcoin ( BTC ) and other major altcoins have led the market uptick , SUI stands out as a strong performer, posting double-digit gains that put it roughly 17% above its lowest point this month. You might also like: Crypto market rebounds as Trump announces potential Israel-Iran ceasefire From a technical perspective, the native token is entering a crucial phase. SUI has been in a strong downtrend for the majority of this month and recently hit a low of $2.29, a price that hasn’t been seen since April. Since then, the price has recovered slightly and is now resting at $2.79, a price right on the edge of the trend lines that can be seen on the chart. If the price continues to go up and goes above the $3 mark, there is the likelihood of a market reversal and increased upward momentum. SUI’s market trend |Source: TradingView After that, the next challenge will be to cross the Target 1 price, which was the last local high that was seen during the current downtrend, and the Target 2 price will be the subsequent challenge. On the flip side, if momentum stalls, the first level to watch is $2.70, where a local low recently formed. A drop below this area could signal a strong bearish pressure and potentially send the price to the $2.39 low. Read more: Momentum, Wormhole & OKX partner to boost Sui network liquidity
Nasdaq-listed Nano Labs Ltd is making a massive bet on Binance coin (BNB) and has unveiled plans to acquire the token through convertible notes and private placements. According to a press release dated June 24, China-based Web3 infrastructure provider Nano Labs has set its sights on acquiring up to $1 billion worth of BNB ( BNB ) as part of a broader strategic growth initiative. To finance the plan, the firm has entered a $500 million convertible note agreement with investors. The zero-interest notes, maturing in 360 days, are convertible into Nano Labs’ Class A shares at an initial price of $20 per share. As part of the reserve strategy, Nano Labs will conduct a full evaluation of BNB’s value and technical resilience before proceeding with the initial phase of the acquisition. The company has also stated that its long-term goal is to accumulate between 5% and 10% of BNB’s total circulating supply. You might also like: Binance price outlook: Can BNB break out of the $400–$800 range? Nano Labs’ latest move builds on its earlier crypto ambitions, first signaled in December 2024 when the company announced it would begin accepting Bitcoin payments for its services. At the time, there was no indication that it planned to hold BTC on its balance sheet, and the latest BNB initiative marks a bolder step into the digital asset space for the firm. If advanced, the billion-dollar accumulation would make Nano Labs one of the largest known BNB holders, outside of Binance itself. The latest announcement comes as BNB gains interest from institutions. Just a day earlier, Bloomberg reported a similar initiative by former Coral Capital Holdings executives Patrick Horsman, Joshua Kruger, and Johnathan Pasch, to raise $100 million for the acquisition of the Binance token for corporate use. The trio reportedly will raise the capital through a Nasdaq-listed entity and aims to legitimize BNB in public markets. At press time, BNB trades at $637.34. The Binance Coin has significantly lagged behind its peers in recent months, gaining just 12% year-to-date and down roughly 20% from its all-time high. You might also like: Binance Coin stalls as BNB Smart Chain surges past Ethereum and Solana
Turkey’s Ministry of Treasury and Finance is rolling out new regulations to strengthen oversight of crypto transactions. Turkey’s Ministry of Treasury and Finance is stepping up efforts to combat money laundering through crypto. According to information obtained by Anadolu Agency , new regulations will soon be implemented to tighten oversight of crypto asset transactions. Specifically, Crypto Asset Service Providers (CASPs) will be required to monitor the sources of funds and the purposes behind crypto transfers. All crypto transactions will have to include a minimum 20-character explanation from the user. For withdrawals where the “travel rule” does not apply, a time delay will be imposed — 48 hours after purchase, exchange, or deposit, and 72 hours for first-time withdrawals. Additional restrictions will be applied to stablecoin transfers, with daily and monthly limits of $3,000 and $50,000, respectively. These limits are introduced to prevent illicit outflow of funds, especially proceeds from illegal betting and fraud. CASPs that fully comply with the travel rule requirements may apply double these limits. Finance Minister Mehmet Şimşek stated that the goal is to prevent the outflow of illicit funds without restricting legitimate crypto activities. Transactions related to market-making, arbitrage, and liquidity provision, supported by verifiable fund sources, will be exempt from the new limits, provided they occur under the oversight of compliant platforms. Platforms failing to meet the new compliance standards may face administrative, legal, and financial penalties, including denial or revocation of licenses. You might also like: Turkey brings stricter regulations for crypto exchanges, wallet providers These measures are part of Turkey ’s broader push to tighten oversight of the crypto sector. In March, the Capital Markets Board introduced licensing and operational requirements for CASPs, granting the regulator full authority over exchanges, wallets, and custodians. Under the new framework, crypto businesses must comply with stricter reporting and transparency standards, including issuing numbered transaction records that detail the type, quantity, and price of crypto assets, along with any associated fees or commissions. Additionally, platforms are required to provide customers with monthly account statements outlining all crypto assets bought, sold, or transferred. You might also like: Ripple’s Arthur Britto resurfaces on X after 14-year silence
More on BTQ Technologies Historical earnings data for BTQ Technologies Corp. Financial information for BTQ Technologies Corp.