At this moment, it is important not to miss a significant news.

Abu Dhabi's AI-focused fund MGX announced that it will invest 2 billion dollars in Binance, the world's largest cryptocurrency exchange. This is one of the largest investments in the sector and the first institutional investment received by Binance. The payment will be made in stablecoin, but which stablecoin has not yet been disclosed.

Can this be interpreted as Abu Dhabi's Crypto and AI Move?

I believe so. The MGX fund had launched a 30 billion dollar AI fund in collaboration with BlackRock and Microsoft. Now, it is investing in Binance with the goal of combining blockchain and AI technology. This indicates that Abu Dhabi is progressing towards becoming an important center in the cryptocurrency sector.

MGX is actually an Abu Dhabi-based investment firm focused on artificial intelligence (AI) and advanced technologies. Established in 2024, MGX aims to support innovation and economic growth by investing in AI infrastructure, semiconductors, and fundamental AI technologies.

According to a report in the Financial Times, Abu Dhabi is progressing towards becoming the New Crypto Center.

They are trying to attract cryptocurrency companies with new regulations.

Source: https://t.co/fmWur8lDZo

📌Important note: The information I shared here does not contain any investment advice. The purpose is to announce significant developments regarding cryptocurrency markets and projects, provide information, and for educational purposes. The cryptocurrency market carries high risks; please conduct your own research! Brand names appeared, hence #free #advertisement #collaboration