Abu Dhabi Plans to Launch a Dirham-backed Stablecoin

Reading time: < 1 minuteAbu Dhabi’s sovereign wealth fund ADQ, conglomerate IHC, and First Abu Dhabi Bank (FAB), the UAE’s largest lender by assets, announced plans to launch a stablecoin backed by the UAE dirham. This move highlights the Gulf country’s increasing investment in the cryptocurrency sector.

Michael Saylor: Strategy Will Acquire More Bitcoin

Reading time: < 1 minuteA social media rumor set cryptocurrency markets abuzz on April 27, 2025, after prominent trader Crypto Rover tweeted at 14:23 UTC that MicroStrategy’s executive chairman Michael Saylor planned additional Bitcoin purchases the following day.

Nike Facing a Lawsuit from Buyers of its NFTs

Reading time: < 1 minuteA new class-action lawsuit against Nike could have far-reaching implications for the NFT market, as plaintiffs accuse the company of selling unregistered securities through its now-shuttered RTFKT platform.