🚨 Breaking: Air Arabia becomes the first airline in MENA to accept stablecoin payments.
Thanks to a new partnership with Mbank, travelers can now book flights using AE Coin – the UAE’s AED-backed digital currency – via the AEC Wallet. ✈️🪙 @airarabiagroup @almaryahbank @AEDX_org
Forget cards and cash – stablecoins are now covering hotel stays, fine dining, and more across the Middle East. 🇦🇪 The UAE alone saw $30B in crypto flow last year, much of it tied to tourism. – @bnbme_homes is rolling out stablecoin payments. – Cafés in DIFC already accept USDT & USDC. – “It’s part of a crucial transition,” says Meryem Habibi of @bitpace. 🔗Full story in the comments
Wallets holding over 10,000 BTC have moved into net selling, while retail investors continue accumulating. The trend points to a shift in Bitcoin ownership dynamics amid changing market sentiment.
India’s crypto industry is intensifying efforts to roll back the country’s steep crypto tax regime, calling for changes to the 30% capital gains tax and 1% TDS (transaction levy).
Industry leaders argue the current structure has pushed 90% of activity offshore, stunting domestic growth and innovation.
With weekly meetings now underway between regulators and crypto stakeholders—and a potential shift in global sentiment tied to U.S. political changes—India’s approach to digital assets may be entering a more flexible phase.
Google’s quantum computing team has reduced the estimated quantum power needed to break RSA-2048 encryption from 20 million to under 1 million noisy qubits—a major leap that could impact digital security across industries.
The breakthrough suggests that a 2048-bit RSA key, still widely used in banking systems, legacy infrastructure, and even some $BTC wallet implementations, could theoretically be cracked in under a week.
While Bitcoin predominantly uses elliptic curve cryptography (ECC) rather than RSA, the study has reignited discussions about the quantum vulnerability of crypto networks and the timeline for adopting post-quantum cryptography standards.
@AlpacaFinance, one of the longest-running DeFi platforms on the @bnbchain, has announced it will sunset all operations starting June 2025.
New farming positions will be disabled in early June, and all user positions must be closed by June 30, after which remaining funds will be automatically withdrawn
The Dubai Land Department has partnered with Ctrl Alt and PRYPCO Mint to tokenize real estate deeds on the $XRP Ledger, with ownership starting at AED 2,000.
The initiative targets a AED 60B ($16B) tokenized property market by 2033 under Dubai’s Real Estate Sector Strategy.
@OpenAI has registered a new legal entity in South Korea and announced plans to open a Seoul office, further expanding its presence in Asia.
The country ranks as the largest market for paid ChatGPT usage outside the United States. This will be OpenAI’s third Asia-based location, following its earlier expansions into Japan and Singapore.
What does this expansion signal about South Korea’s role in global AI development?
A class-action lawsuit has been filed against @Coinbase in a Pennsylvania federal court, alleging the company failed to disclose a recent data breach and violated its agreement with the UK Financial Conduct Authority (FCA).
Swiss watchmaker Franck Muller has launched a limited-edition collection integrated with the Solana blockchain, featuring 1,111 pieces priced at approximately $24,000 each.
This Week in Crypto: Web3 Power Plays, Market Signals, and Regulatory Moves
🔸FIFA is launching its own Avalanche-powered layer-1 blockchain to host digital fan experiences and migrate its FIFA Collect NFT platform.
🔸Donald Trump’s TRUMP memecoin dinner included major crypto figures like Justin Sun, Jihoz, Jack Lu, and pardoned Silk Road founder Ross Ulbricht.
🔸Cetus DEX on Sui was hit by a suspected $200M exploit, prompting contract pauses and ecosystem-wide fallout.
🔸Ethereum DEX traders jumped 73% this month to a 3-month high, though volume stayed flat—indicating mostly retail-driven activity.
🔸The Crypto Fear and Greed Index spiked to 78 (“Extreme Greed”), raising flags about market sentiment possibly overheating.
🔸Bitcoin hit a new all-time high with strong ETF inflows, low funding rates, and little whale profit-taking—suggesting the rally may have legs.
🔸Crypto awareness in Singapore hit 94%, but ownership dropped from 40% to 29%, hinting at cautious optimism or waiting on better conditions.
🔸JPMorgan, Citi, BofA, and Wells Fargo are exploring a joint stablecoin with Zelle and The Clearing House, signaling deeper TradFi interest in crypto payments.
🔸XRP Ledger now hosts EURØP, a MiCA-compliant euro stablecoin backed, regulated, and audited in France—expanding regulated liquidity across Europe.