Amidst the global trend of regulating virtual assets, Dubai has emerged as a crucial hub for Real-World Assets (RWA) due to its forward-looking strategies. This article delves deeply into Dubai’s RWA regulatory framework, covering the regulatory frameworks of VARA and DFSA, types of licenses and business scopes, the approval process for ARVA issuance, requirements for reserve assets, disclosure details, and DFSA’s newly launched tokenization regulatory sandbox program. It provides a comprehen...

Amidst the global trend of regulating virtual assets, Dubai has emerged as a crucial hub for Real-World Assets (RWA) due to its forward-looking strategies. This article delves deeply into Dubai’s RWA regulatory framework, covering the regulatory frameworks of VARA and DFSA, types of licenses and business scopes, the approval process for ARVA issuance, requirements for reserve assets, disclosure details, and DFSA’s newly launched tokenization regulatory sandbox program. It provides a comprehen...

Lightning Rally, Faster Crash At 05:50 a.m. Beijing time on 27 August, the decentralized perpetuals exchange Hyperliquid witnessed a textbook manipulation event. Its pre-launch market for token XPL rocketed almost 200 % in five minutes—from $0.60 to a fleeting $1.80—then collapsed just as quickly. The move wiped out $17.67 million in short positions and left the broader market untouched; CEXs such as Binance and Bitget recorded no comparable price action.Two Wallets, $27.5 Million Profit On-c...

Lightning Rally, Faster Crash At 05:50 a.m. Beijing time on 27 August, the decentralized perpetuals exchange Hyperliquid witnessed a textbook manipulation event. Its pre-launch market for token XPL rocketed almost 200 % in five minutes—from $0.60 to a fleeting $1.80—then collapsed just as quickly. The move wiped out $17.67 million in short positions and left the broader market untouched; CEXs such as Binance and Bitget recorded no comparable price action.Two Wallets, $27.5 Million Profit On-c...

While Bitcoin surged past $120 k this week, the wider Bitcoin-eco narrative has slipped out of the spotlight. Yet builders are still shipping. Merlin, one of the earliest BTCFi pioneers, invited Odaily for a wide-ranging chat with founder Jeff.Why Merlin Jumped Into BTCFi Before Anyone ElseOdaily: Early 2024 was rough—people accused Merlin of faking TVL, copying Ethereum L2s, and using unsafe custody. Why dive in so early? Jeff: Timing. Ordinals and Runes were exploding; holders wanted yield ...

While Bitcoin surged past $120 k this week, the wider Bitcoin-eco narrative has slipped out of the spotlight. Yet builders are still shipping. Merlin, one of the earliest BTCFi pioneers, invited Odaily for a wide-ranging chat with founder Jeff.Why Merlin Jumped Into BTCFi Before Anyone ElseOdaily: Early 2024 was rough—people accused Merlin of faking TVL, copying Ethereum L2s, and using unsafe custody. Why dive in so early? Jeff: Timing. Ordinals and Runes were exploding; holders wanted yield ...

1. AI × Crypto: From Hype to Sustainable Cash Flow As the market matures, institutional capital is no longer seduced by glossy roadmaps—it wants verifiable revenue. Decentralized-AI (DeAI) protocols are finally delivering: compute, data and agent services are finding clear product-market fit and, for the first time, generating real money. The next leg up may well be led by protocols that can convert usage into fees and enterprise demand into cash flow.2. AI’s Disruption and the Growth Runway ...

1. AI × Crypto: From Hype to Sustainable Cash Flow As the market matures, institutional capital is no longer seduced by glossy roadmaps—it wants verifiable revenue. Decentralized-AI (DeAI) protocols are finally delivering: compute, data and agent services are finding clear product-market fit and, for the first time, generating real money. The next leg up may well be led by protocols that can convert usage into fees and enterprise demand into cash flow.2. AI’s Disruption and the Growth Runway ...

At its core, using Web3 infrastructure to host the time-tested business logic of Web2 models is the same playbook behind some Web3 projects that “back-door list” and the recent wave of U.S. public companies stockpiling crypto assets. Take a look at the projects now favored by primary-market investors and you’ll notice a common thread: they all lean toward hybrid innovation, plugging proven Web2 business logic into Web3 rails. • Lightyear ports the logic of traditional equity ETFs on-chain. • ...

At its core, using Web3 infrastructure to host the time-tested business logic of Web2 models is the same playbook behind some Web3 projects that “back-door list” and the recent wave of U.S. public companies stockpiling crypto assets. Take a look at the projects now favored by primary-market investors and you’ll notice a common thread: they all lean toward hybrid innovation, plugging proven Web2 business logic into Web3 rails. • Lightyear ports the logic of traditional equity ETFs on-chain. • ...

Recently, as the BRC 2.0 upgrade approaches, related assets have sparked a wealth effect, drawing the attention of degens in the market back to the Bitcoin ecosystem. Over the past month, the trading price of Adderrels, the leading NFT project in the BRC 2.0 series, has skyrocketed from 0.0001269 BTC (approximately $15) to 0.019 BTC (around $2,300), delivering over a 100x return on investment. What changes will the BRC 2.0 upgrade bring to the BRC-20 protocol? What are the current peripheral ...

Recently, as the BRC 2.0 upgrade approaches, related assets have sparked a wealth effect, drawing the attention of degens in the market back to the Bitcoin ecosystem. Over the past month, the trading price of Adderrels, the leading NFT project in the BRC 2.0 series, has skyrocketed from 0.0001269 BTC (approximately $15) to 0.019 BTC (around $2,300), delivering over a 100x return on investment. What changes will the BRC 2.0 upgrade bring to the BRC-20 protocol? What are the current peripheral ...

Deal Overview: A Surprise Spanner in the Works LayerZero’s $110 million proposal to acquire the cross-chain bridge Stargate—its own flagship front-end—was cruising toward approval when its arch-rival, the Wormhole Foundation, barged in. On August 21, Wormhole publicly claimed the offer “materially undervalues” Stargate’s assets and momentum, vowed to table a higher bid, and asked Snapshot to freeze the vote for five business days while it prepares a counter-proposal.Background: Why LayerZero ...

Deal Overview: A Surprise Spanner in the Works LayerZero’s $110 million proposal to acquire the cross-chain bridge Stargate—its own flagship front-end—was cruising toward approval when its arch-rival, the Wormhole Foundation, barged in. On August 21, Wormhole publicly claimed the offer “materially undervalues” Stargate’s assets and momentum, vowed to table a higher bid, and asked Snapshot to freeze the vote for five business days while it prepares a counter-proposal.Background: Why LayerZero ...

Aggressive Expansion in ETH Holdings On August 4, Ethereum treasury strategy firm The Ether Machine (hereafter referred to as ETHM) announced an additional purchase of 10,605 ETH, bringing its total holdings to 345,362 ETH, valued at approximately $1.27 billion. This marks the company’s second major acquisition in less than two weeks since its IPO. As a company focused on Ethereum investments, ETHM announced its Nasdaq listing in July, initially planning to hold 400,000 ETH with a market cap ...

Aggressive Expansion in ETH Holdings On August 4, Ethereum treasury strategy firm The Ether Machine (hereafter referred to as ETHM) announced an additional purchase of 10,605 ETH, bringing its total holdings to 345,362 ETH, valued at approximately $1.27 billion. This marks the company’s second major acquisition in less than two weeks since its IPO. As a company focused on Ethereum investments, ETHM announced its Nasdaq listing in July, initially planning to hold 400,000 ETH with a market cap ...

Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) seeking approval for its members and investors to trade tokenized equity securities and exchange-traded products (ETPs). This would allow stocks of companies like Apple and Microsoft to be traded and settled in the form of blockchain tokens. Tokenized securities are digital representations of traditional financial instruments on the blockchain, sharing the same value, rights, and market identification numbers...

Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) seeking approval for its members and investors to trade tokenized equity securities and exchange-traded products (ETPs). This would allow stocks of companies like Apple and Microsoft to be traded and settled in the form of blockchain tokens. Tokenized securities are digital representations of traditional financial instruments on the blockchain, sharing the same value, rights, and market identification numbers...

Executive Summary The ICO mania of 2017 and the NFT-lending bubble of 2021 have a 2025 analogue: the “crypto-treasury company” craze. For anyone willing to shoulder outsized risk in exchange for the chance of getting very rich very quickly, these Nasdaq-listed vehicles have become the vehicle of choice. Two deal structures dominate: reverse mergers and SPACs.Reverse-Mergers in Practice A textbook reverse merger starts with a “zombie” micro-cap already listed on Nasdaq: ideally debt-free, with...

Executive Summary The ICO mania of 2017 and the NFT-lending bubble of 2021 have a 2025 analogue: the “crypto-treasury company” craze. For anyone willing to shoulder outsized risk in exchange for the chance of getting very rich very quickly, these Nasdaq-listed vehicles have become the vehicle of choice. Two deal structures dominate: reverse mergers and SPACs.Reverse-Mergers in Practice A textbook reverse merger starts with a “zombie” micro-cap already listed on Nasdaq: ideally debt-free, with...