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UTB Weekly News Roundup (SEP 8th - SEP 12th, 2025)
Stay in the loop with our weekly crypto digest as we get you up to speed on the hottest trends and events in the crypto space. Here’s what happened in crypto this week: Strategy (formerly MicroStrategy), despite meeting all criteria, was passed over for S&P 500 inclusion in the latest rebalancing, with Robinhood taking a surprise spot instead. The S&P 500 committee overlooked MicroStrategy, even with its massive Q2 profits and $10 billion net income.
Trump Media to Let Truth Social Users Convert 'Gems' into CRO Tokens
Key Takeaways Trump Media and Technology Group has updated its Truth Social rewards program, allowing users to convert “gems” earned on the platform into Cronos (CRO) tokens, the native asset of Crypto.com. This move represents a strategic pivot for the company, which previously explored launching its own proprietary utility token but has now chosen to leverage an existing, widely adopted cryptocurrency.
Ex-Celsius CEO Alex Mashinsky to Start 12-Year Prison Sentence
Key Takeaways Former Celsius CEO Alex Mashinsky is scheduled to begin his 12-year prison sentence this week after pleading guilty to two felony counts related to his company’s Earn Program. Mashinsky’s conviction and sentencing mark a major moment of accountability for the crypto industry, placing him alongside other high-profile figures who have faced legal consequences for their actions.
OpenSea Launches $1M NFT Reserve Fund as Market Cools
Key Takeaways NFT marketplace OpenSea has launched a $1 million reserve fund to acquire “culturally relevant” NFTs, starting with a CryptoPunk acquisition for 65 ETH. The move is a strategic pivot for OpenSea to re-establish its cultural relevance and attract collectors amidst a significant downturn in the NFT market.
Bybit and Byreal Celebrate bbSOL's First Anniversary with Puzzle Hunt, Liquidity Rewards, and Enhanced DeFi Integration
DUBAI, UAE, Sept. 8, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to celebrate the first anniversary of bbSOL, marking a significant milestone for the world’s first exchange-backed liquid staking token (LST) on the Solana blockchain and its remarkable growth within the ecosystem. Rewarding the bbSOL community, an exclusive multi-tiered rewards extravaganza across Bybit and Byreal starts today.
Cardano ADA Whales Move Onto Base Layer-2 To Buy Based Eggman, $GGs Top Crypto Presale on BASE
The surge of interest in presale crypto projects highlights how fast the market is evolving. Investors are constantly scanning the crypto presale list to identify the best crypto presale to buy right now. One project that has captured attention is Based Eggman ($GGs), a new crypto token presale building momentum on Coinbase’s Base Layer-2 network. Cardano ADA whales, known for their large-scale market movements, are now moving capital into this presale cryptocurrency.
Bybit Restores Full Services in India After Regulatory Approval
Key Takeaways Centralized exchange Bybit has restored full access to its app and website for users in India after completing its registration as a Virtual Digital Asset Service Provider (VDA-SP). The move comes after a months-long phased shutdown as the company worked to achieve “regulatory harmonization” with Indian authorities. Bybit’s return is a significant development for the Indian crypto market, which is considered one of the most promising globally and a leader in crypto adoption.
Ordinals Dev Threatens Bitcoin Core Fork Over Censorship
Key Takeaways A prominent Bitcoin Ordinals developer, Leonidas, has threatened to fund a fork of Bitcoin Core if developers attempt to censor Ordinals, Runes, and other non-financial transactions. The conflict is rooted in a fundamental ideological war within the Bitcoin community over whether the network should only be used for peer-to-peer financial transactions.
Bybit’s WSOT Achieves New GUINNESS WORLD RECORDS™ Title With Highest Number of Online Trading Participants in a Day
Dubai, United Arab Emirates, September 8th, 2025, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to share its latest feat in its flagship trading event, the World Series of Trading (WSOT) 2025, claiming a brand new GUINNESS WORLD RECORDS title for “the Most Participants in an Online Trading Competition within 24 Hours“.
Bybit returns to the Indian crypto scene after regulatory nod
Bybit restored full access to its trading app in India after months of regulatory negotiations. The app is now available again on both the App Store and Google Play. However, the exchange hinted that its website will be fully accessible to Indian users within days. This marks a crucial re-entry into one of the world’s fastest-growing crypto markets. India has leapfrogged to the top of the Chainalysis Global Crypto Adoption Index, ahead of the United States.
Aster’s Next Era Begins: Airdrop Points Stage 2 Live, TGE Countdown Begins
Mahé, Seychelles, September 8th, 2025, Chainwire Aster, a decentralized perpetuals exchange known for its privacy-focused trading infrastructure, has officially launched Aster Genesis: Stage 2, its airdrop points campaign, just as it confirms the long-anticipated date for its Token Generation Event (TGE). The Stage 1 campaign saw 527,224 unique wallets amassing over $37.7B in trading volume across 20 weeks, signaling strong traction in the emerging decentralized exchange (DEX) space.
2PointZero Targets ADX Listing Amid Global Expansion Plans
Abu Dhabi-based investment platform 2PointZero has announced its intention to list on the Abu Dhabi Securities Exchange by the end of this year. Group Chief Executive Mariam Al Mheiri disclosed the company’s plans during the Investopia conference in the UAE capital on Wednesday. Established last year by International Holding Company , 2PointZero boasts an asset base exceeding Dh100 billion .
Dubai Registers 127 New Property Owners’ Committees to Boost Community Governance
Arabian Post Staff -Dubai The Real Estate Regulatory Agency at Dubai Land Department has announced the formation and registration of 127 new owners’ committees across the emirate. This initiative aims to enhance governance and sustainability in jointly owned properties, empowering property owners to actively participate in community management. RERA received a substantial number of applications for these committees, approving them based on established criteria.
Bybit Restores Full Services In India After Regulatory Approval
Bybit Restores Full Services In India After Regulatory Approval 2025-02-27 03:43:40 (MENAFN- The Arabian Post) Cryptocurrency exchange Bybit has reinstated its full suite of services in India following successful registration with the country's financial Intelligence Unit . As of 25 February 2025, existing users can once again open new trades and access all products, with new user onboarding set to commence gradually.
Saudi Arabia’s PIF Eyes Stake in Leonardo’s Aerostructures Division
Saudi Arabia’s Public Investment Fund is reportedly in preliminary discussions to acquire a stake in the aerostructures unit of Leonardo SpA, Italy’s prominent aerospace and defence company. This potential investment aligns with PIF’s strategic objective to diversify Saudi Arabia’s economy by expanding its footprint in the global aerospace sector. The aerostructures division of Leonardo is responsible for the design and manufacturing of critical components for both civil and military aircraft.
UAE Emerges as Key Growth Market for Ernst & Young Amidst Global Consulting Expansion
Arabian Post Staff -Dubai The United Arab Emirates has solidified its position as a global nexus for trade and investment, with Ernst & Young projecting the nation to be among its fastest-growing markets worldwide in the next five to ten years. This optimistic outlook is attributed to substantial opportunities for collaboration across both public and private sectors, as highlighted by Anthony O’Sullivan, EY’s Managing Partner in the UAE.
IHC’s 2024 Financial Performance Reflects Robust Growth and Strategic Expansion
International Holding Company has unveiled its financial results for 2024, showcasing a substantial 54.2% increase in revenue, reaching Dhs92.7 billion, up from Dhs60.1 billion in 2023. This impressive growth is attributed to strong performances across various sectors, notably real estate and construction, marine and dredging, and hospitality and leisure. The company’s net profit stood at Dhs25.7 billion, indicating a strategic shift towards value-driven investments.
SABIC Announces Cost-Cutting Measures Amid Unexpected Fourth-Quarter Loss
Saudi Basic Industries Corporation , a global leader in diversified chemicals, has unveiled plans to implement cost-cutting strategies and explore new investment avenues following an unexpected net loss of 1.89 billion riyals in the fourth quarter of 2024. This loss surpasses the 1.73 billion riyals deficit recorded during the same period in 2023 and contrasts sharply with analyst forecasts, which had anticipated a profit exceeding 1 billion riyals.
HEAVENS: The Boy and His Robot Soars into New Cinematic Heights with Historic Japan Re-Release and Fantasporto 2025 Debut
SINGAPORE – Media OutReach Newswire – 27 February 2025 – Prepare for an interstellar cinematic journey as “HEAVENS: The Boy and His Robot,” a groundbreaking sci-fi adventure from Singapore, 12 years in the making, achieves two unprecedented milestones. On February 28, 2025, this visionary film will be the first Singaporean movie to enjoy a wide special re-release in Japan, screening simultaneously in 50 Aeon Cinemas across the nation.
Offshore Sand Mining Emerges As Another Centre-States Flashpoint
By Tension is mounting over the Centre’s plan for offshore sand mining, with the issue rapidly evolving into yet another flashpoint between the Modi government and opposition-led coastal states. At the heart of the controversy lies not just the environmental and economic concerns raised by the affected communities but also the underlying political divide that defines India’s geographic and electoral landscape.
Saturday Morning Breakfast Cereal by Zach Weinersmith for Tue, 25 Feb 2025
Saturday Morning Breakfast Cereal by Zach Weinersmith Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
Oregon State University welcomes Thai students to world-class education and research opportunities
OSU President Jayathi Murthy and OSU Foundation CEO Shawn Scoville meet alumni and future students in Bangkok BANGKOK, THAILAND – Media OutReach Newswire – 27 February 2025 – Oregon State University (OSU) President Professor Jayathi Y. Murthy met with OSU alumni and newly admitted students in Bangkok today, reinforcing the university’s commitment to world-class education, research excellence, and student success.
Budget by Hong Kong SAR’s Financial Secretary: Accelerating Development through Reform and Innovation
HONG KONG SAR – Media OutReach Newswire – 26 February 2025 – Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region unveiled his 2025-26 Budget today (February 26). He noted that while geopolitical situation might bring risks, technology reform and artificial intelligence (AI) development are remoulding the global landscape, leading to the emergence of new industries, new forms of business, new products and new services.
PayPal to Integrate PYUSD Stablecoin into Merchant Payments and Global Payouts
PayPal Holdings Inc. is set to enhance the adoption of its stablecoin, PayPal USD , by integrating it into merchant payment systems and global payout services by 2025. This strategic move aims to provide over 20 million small and medium-sized merchants with the option to utilize PYUSD for vendor payments, thereby streamlining transactions and reducing reliance on traditional banking systems.
Nvidia Shares Decline Amid Blackwell Chip Delays and Prospective Export Restrictions
Nvidia Corporation’s stock has experienced a notable decline, influenced by production delays of its Blackwell AI chips and potential new export restrictions from the Trump administration. The company’s shares fell by 2.7% to $126.73 ahead of its quarterly earnings report, as investors express concern over these developments.
Cybercriminals Exploit Fake GitHub Projects to Steal Bitcoin
Cybercriminals are leveraging counterfeit GitHub repositories to distribute malware, resulting in the theft of approximately $485,000 in Bitcoin, according to cybersecurity firm Kaspersky. The malicious campaign, dubbed “GitVenom,” has been active for at least two years and primarily targets developers and cryptocurrency enthusiasts. Kaspersky’s Global Research and Analysis Team identified over 200 deceptive repositories on GitHub.
Jupiter Founder Commits $204 Million in JUP Tokens to Long-Term Team Incentives
Jupiter’s founder, Meow, has unveiled a comprehensive strategy to bolster the project’s future, including the voluntary lock-up of 280 million JUP tokens, valued at over $204 million, until 2030. This move aims to align team incentives with the project’s long-term vision and enhance transparency within the ecosystem. In a detailed announcement, Meow introduced the “GOAT framework,” focusing on Governance, Transparency, Organic growth, and Collaboration.
OKX Reports $28.1 Billion in Reserves Amidst Regulatory Settlement
OKX, the world’s third-largest cryptocurrency exchange, has released its 28th consecutive Proof of Reserves report, revealing $28.1 billion in primary assets as of February 25, 2025. This figure marks a 59% increase compared to the same period last year. The report, audited by blockchain security firm Hacken, confirms that OKX maintains a reserve ratio of 1:1 or greater across 22 commonly traded assets on its platform.
India Unveils Hyperloop Test Track, Paving the Way for Ultra-Fast Travel
India has inaugurated its first hyperloop test track, a 422-meter facility developed by the Indian Institute of Technology Madras in collaboration with the Ministry of Railways. This significant milestone aims to revolutionize high-speed transportation in the country, potentially reducing travel times between major cities to mere minutes. The hyperloop concept, first proposed by Elon Musk in 2013, envisions passenger pods traveling through low-pressure tubes at speeds exceeding 1,000 km/h.
KIIT Student Death Has Many Lessons For Academic Institutions
By Aditi Jha The tragic death of Prakriti Lamsal, a Nepali B.Tech student at Kalinga Institute of Industrial Technology (KIIT), a private engineering college in Bhubaneswar, Odisha, in February 2025, exposed serious problems of institutional incompetence and poor management. Prakriti’s death was followed by protests by Nepali students who claimed that the university administration had not adequately responded to their harassment.
Trump Introduces $5 Million ‘Gold Card’ for Wealthy Immigrants
President Donald Trump has unveiled a new immigration initiative offering a “Gold Card” visa for $5 million, granting affluent foreigners permanent U.S. residency and a pathway to citizenship. This program aims to attract high-net-worth individuals to stimulate economic growth and reduce the national debt.
USAID In India Issue Is Turning Bizarre With Every Passing Day
By External Affairs Minister S Jaishankar never seems to finish his thoughts. People might mistake him to be a hesitant hacker. But that isn’t the case. EAM Jaishankar is the second longest serving foreign minister after Jawaharlal Nehru, who kept the external affairs portfolio with him, for the entirety of his tenure as the Prime Minister of India.
Spot Bitcoin ETFs face massive outflows amid market plunge
On February 26, 2025, spot Bitcoin exchange-traded funds experienced significant outflows, with close to $940 million being withdrawn, as the cryptocurrency saw a sharp decline, dropping below $88,000. This marks its lowest value since November 2024, sparking a wave of investor concern. The latest data reveals that Bitcoin’s sudden drop sent shockwaves through the ETF market, causing investors to pull back.
Dubai Property Owners Face 10% Surge in Service Charges Amid Rising Operational Costs
Property owners in Dubai are bracing for a significant increase in service charges, with industry experts forecasting a rise of up to 10% in 2025. This escalation is attributed to mounting operational expenses, including maintenance, district cooling, and utility costs.
Bitcoin Miners’ On-Chain Activity Dips to 21-Month Low
Bitcoin miners’ share of total on-chain transaction volume has fallen to 2.4%, the lowest level since May 2023, according to data from IntoTheBlock. This decline suggests a significant shift in miner behavior and its potential impact on the broader cryptocurrency market. Historically, miners have contributed between 3% to 4% of Bitcoin’s on-chain volume. The recent drop to 2.4% indicates a notable reduction in their activity.
Cryptocurrency Market Faces Turbulence as Fear Index Plummets
The cryptocurrency market is experiencing significant volatility, with Bitcoin’s value dropping below $90,000 and the Crypto Fear and Greed Index falling to levels indicative of heightened investor anxiety. Bitcoin, the leading cryptocurrency by market capitalization, has seen a substantial decline, trading at $88,420, a decrease of approximately 3.9% from the previous close. This downturn is part of a broader market sell-off affecting various digital assets.
UAE’s Strategic Move to Become a Global Gaming Hub
The United Arab Emirates is making significant strides in transforming its entertainment and tourism sectors by accelerating the licensing of international gaming operators. Notably, Wynn Resorts has been granted the nation’s first commercial gaming license, marking a pivotal shift in the region’s approach to gaming. In October 2024, the UAE’s General Commercial Gaming Regulatory Authority awarded Wynn Resorts a commercial gaming operator’s license.
Bybit Restores Full Services in India After Regulatory Approval
Cryptocurrency exchange Bybit has reinstated its full suite of services in India following successful registration with the country’s Financial Intelligence Unit . As of 25 February 2025, existing users can once again open new trades and access all products, with new user onboarding set to commence gradually. This development comes after Bybit faced regulatory challenges earlier this year.
Tumultuous Beginning Of 8th Delhi Assembly Has Political Ramifications
By Dr. Gyan Pathak 8th Delhi Assembly session had tumultuous session on Tuesday, February 25.. The issue of replacement of Dr B R Ambedkar’s portrait with Prime Minister Narendra Modi’s in Delhi Chief Minister’s office not only led to ruckus but also expulsion of 12 AAP MLAs. The issue is politically very sensitive and may adversely impact the newly adopted strategy of the BJP to win over Dalits not only in Delhi but also across the country.
Saturday Morning Breakfast Cereal by Zach Weinersmith for Mon, 24 Feb 2025
Saturday Morning Breakfast Cereal by Zach Weinersmith Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
YMCrypto Introduces Complimentary Cloud Mining for Bitcoin and Dogecoin Enthusiasts
YMCrypto, a cryptocurrency platform regulated by U.S. financial authorities, has unveiled a free cloud mining service aimed at global investors interested in Bitcoin and Dogecoin. This initiative allows users to mine these cryptocurrencies without the need for expensive hardware or technical expertise. The platform emphasizes security by partnering with McAfee® and Cloudflare®, ensuring end-to-end encryption and robust protection against potential threats.
Golden Web 3.0 Daily | Christie's Closes Its NFT Division
DeFi data 1. Total market value of DeFi tokens: $168.26 billion 2. The trading volume of decentralized exchanges in the past 24 hours is US$92.9 Trading volume of decentralized exchanges in the past 24 hours Data source: coingecko 3. Assets locked in DeFi: US$153.971 billion img src="https://img.jinse.cn/7398040_watermarknone.png" title="7398040" alt="XYsB9DGCxu5NvOdiejbFcYnBzDM27ms9RN2ZA7KQ.png"> Top 10 DeFi Projects with Locked Assets and Locked Amounts Data Source: defillama NFT Data 1.
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