Stablecoin issuer Paxos acquires Fordefi to strengthen institutional DeFi access


Illustration of Business People Closing a Deal
  • Paxos purchases an institutional wallet provider in a $100M deal.
  • The move leverages Fordefi’s MPC wallet for a regulated custody framework.
  • DeFi is increasingly becoming part of the mainstream monetary infrastructure.

Paxos, a reputable blockchain infrastructure company behind multiple stablecoins, confirmed the acquisition on Forderfi late on Tuesday.

While the firms didn’t reveal the transaction’s value, sources close to the matter suggest that the deal exceeds $100 million, reflecting one of the most aggressive and strategic expansions in recent years.

The team emphasized:

This strengthens our ability to support institutions with more flexible and sophisticated digital asset infrastructure.

For context, Fordefi is a thriving enterprise wallet and custody provider.

This acquisition comes as institutions are moving to on-chain operations at an unprecedented pace.

Companies exploring blockchain technology like tokenized assets, complex DeFi strategies, and stablecoin settlements are seeking secure, modular custody.

Paxos aims to satisfy this demand by merging its compliant custodial infrastructure with Fordefi’s policy-centered MPC (multi-party computation) wallet tech.

Commenting on the strategic purchase, Paxos co-founder and CEO Charles Cascarilla said:

Together, Paxos and Fordefi provide customers with a world-class custody solution built upon advanced wallet technology and regulated, qualified custody. We’re excited to welcome Fordefi to our team as we enter this new phase of growth.

Paxos enriches its enterprise playbook

Businesses venturing into the blockchain and crypto sectors have leveraged Paxos for compliant infrastructure and custody.

The firm maintains a high-end regulatory model, with supervision from Singapore’s MAS, the NYDFS in the US, Abu Dhabi’s FSRA, and FIN-FSA in Europe.

Moreover, its tokenization and stablecoin systems power fiscal settlements for leading companies, including MasterCard, Nubank, PayPal, and Interactive Brokers.

Now, Paxos is integrating Fordefi to offer its customers a unified platform that supports everything from asset tokenization and issuance to streamlined access to DeFi protocols.

CEO Cascarillar added:

Fordefi has built an impressive stack and customer base founded on easy-to-use APIs and seamless web3 connectivity. Market participants require a regulated platform partner that meets their range of complex custody needs.

The fast-growing Fordefi

Fordefi has grown into a reputable institutional wallet provider in the DeFi industry since its 2021 launch.

The platform boasts two crucial features.

First and foremost, Fordefi’s MPC-based address model reduced single-point failure risks.

On the other hand, the policy engines enable enterprises to handle compliance rules, risk management, and permissions across decentralized and centralized setups.

Fordefi currently secures over $120 billion in monthly transactions, supporting nearly 300 enterprises, including hedge funds, crypto-native companies, and trading desks.

Josh Schwartz, CEO of Fordefi, believes Paxos will heighten its reach while aligning with its primary missions. He said:

Fordefi has built a best-in-class wallet platform trusted by nearly 300 institutions. Joining Paxos allows us to bring our technology to an even broader audience while maintaining our focus on security, usability, and innovation. Together, we will offer enterprises the unified custody and stablecoin infrastructure they need to deploy real-world digital asset use cases at scale.

For now, Fordefi will operate independently as Paxos pursues a phased integration.



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Monad (MON) soars 76% as mainnet launch sparks $1.2B trading surge


Monad price rose to above $0,045 to see MON ranked among top gainers with a 76% spike amid $1.2 billion volume
  • Monad pumped more than 76% in 24 hours to touch a high of $0.045.
  • The layer-1 blockchain’s mainnet went live this week and has an ambitious roadmap for DeFi.
  • MON is listed on top exchanges, including Coinbase and Upbit.

Monad price has skyrocketed 76% in the past 24 hours, extending gains after the highly anticipated mainnet launch that occurred on November 24, 2025.

The MON token’s gains saw the cryptocurrency rank among top gainers in the market, with its trading volume having exploded to $1.2 billion to reflect speculative enthusiasm.

The Layer-1 blockchain platform’s launch brings momentum, such as lending protocols, yield products, and liquid staking products. The memecoin frenzy is another segment to watch.

Monad pumps 76% amid $1.2 billion volume

Monad flipped the switch on its public mainnet on Monday, unlocking a cascade of decentralized applications and liquidity pools.

The token rose sharply, with intraday lows of $0.025 and highs of $0.045. MON price has jumped more than 106% since touching lows of $0.020.

Per data on CoinMarketCap, a more than 600% spike in daily volume pushed the metric to over $1.2 billion.

This sees the token rank as one of the biggest movers in terms of market activity on the day. In fact, the pump has seen Monad price outpace many top coins, including Kaspa, Sui, and Ethena.

Why is Monad price up?

As noted, what is likely fueling the momentum is Monad’s mainnet launch and DeFi potential.

In a post on X, the L1 outlined what it sees as a roadmap towards seamless integrations for DeFi growth.

Lending protocols like Curvance and TownSquare enable users to leverage MON, liquid staking tokens (LSTs), and stablecoins with high loan-to-value ratios and automated looping strategies.

Yield products such as the MON Vault and the earnAUSD Vault from Upshift offer composable, hands-off returns on stablecoins.

Meanwhile, liquid staking options further amplify utility, allowing stakers to earn rewards while deploying LSTs in DeFi.

Monad is also up amid major exchange listings. Market observers attribute the volume spike to this, with speculative fervor and early ecosystem incentives key.

Among the top centralized exchanges to list MON are Coinbase, Upbit, Bithumb, Kraken, KuCoin, and Bybit.

MON price forecast

Despite the potential for profit-taking, there’s a possibility for the token to climb further.

As well as listings, other bullish catalysts will include ecosystem grants and partnerships. If Monad mirrors growth for projects such as Solana, Hyperliquid, and others, the token’s growth trajectory will tell in immediate gains.

However, bearish risks are there. It includes the aforementioned profit-taking and regulatory scrutiny.

If bulls take charge, a breakout above $0.1 could bring the coveted $1 into play. On the flipside, a retreat to lows of $0.25 will embolden sellers.





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Altcoins today: Monad rallies 60%; PONKE and QUICK plunge on Binance delisting


  • Monad maintains a bullish momentum after a strong mainnet launch and ecosystem integrations.
  • Binance Futures will delist PONKE, SWELL, and QUICK on November 28.
  • The three altcoins brace for intensified volatility in the coming few sessions.

The digital currency market is performing relatively well on Tuesday, with the value of all cryptocurrencies testing the $3 trillion mark after 2% surge in the past 24 hours.

Meanwhile, analysts are now forecasting substantial rebounds after today’s US PPI indicated cooling inflation and chances of the Fed lowering interest rates during the December meeting.

This article evaluates three tokens that remained in the limelight over the past 24 hours.

New Monad steals the show

The Layer 1 Monad has been in the spotlight amid its highly anticipated mainnet and token release, which happened yesterday, on November 24.

Meanwhile, native token MON has surprised analysts and traders.

Experts had forecasted bearish performance for the new token, citing previous trends and broader market weakness.

Indeed, most projects suffer immense selling pressure after official launches as the community locks profits after giveaways/airdrops.

However, the story is different for MON. The alt saw a brief decline after launch, hitting an intraday low of $0.02252.

However, continued excitement as leading projects like PancakeSwap and Solana revived optimism on the project, catalysing notable bounce-backs overnight.

The asset is now exchanging hands at $0.03931 after an over 60% gain on the 24-hour timeframe.

MON’s daily trading volume has skyrocketed by more than 4,700% to $1.11 billion.

That signals robust interest in the $424 million market-cap project.

Though the L1 sector could appear saturated, Monad’s EVM-compatibility perks and transaction settlement of up to 10,000 TPS (transactions per second).

Indeed, this developer familiarity and massive throughput positioned MON as a technically promising new player in the Layer 1 landscape.

Binance to delist PONKE, QUICK, and SWELL contracts

While the Monad community buzzed with optimism, Binance Futures rattled the altcoin space with a crucial announcement.

The team took it to X to confirm removing perpetual contracts of PONKE, QUICK, and SWELL on Friday, November 28, adding:

“The contracts will be delisted after the settlement is complete.

As anticipated, the mentioned tokens turned bearish after the announcement.

The trio plunged by over 5% in the past day.

While they are displaying resilience, possibly due to prevailing improved broader sentiments, the next few sessions, until November 28, look poised for overwhelming volatility.

The team warned about intensified fluctuations, thinned liquidity, and increased liquidation risks during the final hour before the last settlement. They said:

Users are strongly advised to actively monitor and manage open positions during the final hour, as the period may be subject to heightened volatility and reduced liquidity.

Meanwhile, Binance has urged users with active positions to close them before the listing time, Friday at 09:00 UTC, or face automatic settlement.

Moreover, individuals will no longer open new positions on the three contracts starting November 28 at 08:30 UTC.



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Franklin Templeton adds XRP, ADA, SOL, DOGE, LINK and XLM to its crypto index ETF


Franklin Templeton expands its crypto index ETF
  • Franklin expands its crypto index ETF to include six major altcoins.
  • New SEC-approved rules allow broader asset tracking in crypto funds.
  • XRP demand surges as multiple US spot XRP products launch.

Franklin Templeton is widening the scope of its flagship digital-asset fund, marking one of the most significant shifts yet in how traditional finance approaches the crypto market.

The firm is moving beyond its long-standing focus on Bitcoin (BTC) and Ethereum (ETH) and opening the door to a broader mix of leading altcoins.

Franklin Crypto Index ETF adds more coins

According to a filing made on November 24, the Franklin Crypto Index ETF will begin tracking XRP, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Stellar (XLM), and Chainlink (LINK) on December 1, 2025, turning it into a far more comprehensive representation of the market.

Notably, the recently approved Fresh Cboe exchange rules have played a key role in making this expansion possible.

For the first time, issuers are allowed to include any cryptocurrency present in their benchmark indices rather than limiting exposure to only Bitcoin and Ethereum.

Franklin’s ETF is among the earliest to capitalise on the new framework, signalling how fast the regulated side of crypto investing is moving.

Particularly, instead of dominance by the two largest cryptocurrencies, the fund will now adjust its holdings each quarter to match index changes and market conditions.

These scheduled rebalancings open the door for assets to be added or removed depending on performance, liquidity, and market relevance.

The firm has also modernised its operational model, allowing authorised participants to create or redeem ETF shares using actual crypto assets instead of cash only, a change that should tighten tracking accuracy and improve liquidity.

This adjustment is likely to make the ETF more efficient during high-volatility periods, a common challenge for digital-asset funds.

Franklin Templeton recently launched a spot XRP ETF

Franklin Templeton’s index ETF overhaul follows closely behind another milestone: the launch of its spot XRP fund, trading under the ticker XRPZ with a 0.19% sponsor fee.

The debut of the XRP ETF arrived at a moment when interest in regulated XRP exposure has surged across the US market.

Franklin has now joined a fast-growing group of firms racing to meet the appetite for XRP-based products.

Canary Capital set the pace earlier in the month, securing more than $250 million on the launch day of its XRP ETF.

Other firms that have successfully launched XRP ETFs are Grayscale and Bitwise, which recorded $25 million in first-day volume and $118 million in inflows during the first week of trading.

This rapid expansion has placed XRP among the few assets outside BTC and ETH that have attracted this speed of ETF development.

As a result, the XRP price has rebounded, climbing more than 7% on November 25 to an intraday high of $2.28 as institutional-grade inflows begin accelerating.



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XLM could rally higher as TVL hits new ATH


Key takeaways

  • XLM is trading above $0.24 after adding 2% to its value in the last 24 hours.
  • The cryptocurrency eyes a breakout as the Stellar blockchain hits a new TVL all-time high.

Stellar’s TVL hits a new all-time high

XLM has performed positively over the last 24 hours, adding 2% to its value during that period. The coin is now trading above $0.24 after adding over 10% in the previous two days.

The positive performance comes as Stellar’s Total Value Locked (TVL) has hit a new all-time high. According to DefiLlama, XLM’s TVL has reached a new all-time high (ATH) of $169.30 million on Tuesday. 

The surge in TVL suggests a growing activity and interest in the Stellar ecosystem, with more users depositing and using assets on XLM-based protocols. 

Data obtained from CryptoQuant also supports the positive outlook for XLM, with its spot and futures markets indicating large whale orders and buy dominance. These indicators point to a potential rally in the near term. 

XLM eyes $0.28 in the near term

The XLM/USD 4-hour chart is bearish and efficient as Stellar Lumen has added over 2% to its value in the last 24 hours. The coin found support around the weekly support level at $0.221 on Friday, and has added over 10% to its value since then. 

XLM/USD 4H Chart

Currently, XLM is trading at $0.248, close to the 38.20% Fibonacci retracement level of  $0.256, a key resistance zone. 

If XLM surges past the $0.256 resistance level, it could rally higher towards the 50-day Exponential Moving Average (EMA) at $0.292 over the next few hours or days. 

The 4-hour RSI of 54 is above the neutral 50, indicating a growing bullish trend. For the recovery rally to be sustained, the RSI must continue towards the overbought region. Furthermore, the MACD exhibited a bullish crossover over the weekend, signaling a buy opportunity and reinforcing the bullish thesis.

However, if XLM faces a correction, the bearish trend could extend toward the weekly support level at $0.221.



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Crypto ETF flows: BTC sees $151M outflows as ETH and SOL funds thrive


Crypto ETF flows: BTC sees $151M outflows as ETH and SOL funds thrive
  • Bitcoin spot ETFs recorded $151M outflows on November 24.
  • Ethereum’s products saw inflows of $96.67 million.
  • Solana ETFs continue their winning streak with yesterday’s $57 million.

The cryptocurrency sector remains weak as bearish sentiments prevail.

Indeed, recent price drops, muted trading activities, and worries about short-term recoveries have seen many investors adopt a defensive bias.

Exchange-traded funds flow data reflects this uncertainty, with Bitcoin recording massive withdrawals as altcoin products hold steady. Let us find out more.

Bitcoin ETFs continue to struggle – Fidelity’s stands out

BTC spot ETFs had a rough session on Monday, with net outflows totaling $151 million, according to SoSoValue.

That signals deteriorated interest in these financial products, which have played a key role in institutional crypto adoption.

Meanwhile, Fidelity’s FBTC stood out as it posted positive ETF flows of $15.49 million on Monday amidst the broader retreat.

On the other hand, BlackRock has struggled lately, with iShares’ outflows surpassing $2.2 billion so far in November.

Meanwhile, the mixed ETF outflows come as the Bitcoin price experiences notable downward pressure.

The bellwether crypto is trading at $88,190, down from late last month’s high above $115,500.

Ethereum posts inflows

While investors remain more conservative about Bitcoin, Ethereum thrived.

Data shows Ether ETFs attracted $96.67 million in inflows yesterday, with BlackRock’s ETHA dominating at $92.61 million.

Ethereum seems to thrive as Bitcoin struggles, as narratives like the latest attacks on Strategy by JPMorgan magnified uncertainty in BTC-based financial products.

Institutions are seemingly migrating to Ethereum, possibly indicating renewed trust in its unique role in powering scaling solutions, decentralized apps (dApps), and support for new infrastructure.

ETH is changing hands at $2,925 after gaining 3% the past 24 hours. It lost more than 2% the past week.

Solana ETFs maintain upside momentum

Solana held its ground, attracting net inflows of $57.99 million on November 24.

The altcoin has seen positive ETF flows since its debut, highlighting steady institutional demand.

For instance, Bitwise’s Solana spot exchange-traded fund surpassed $500 million AUM last week.

Solana experienced amplified institutional interest due to its robust network that prioritizes scalability, speed, and security.

The team spent the past years rewriting Solana’s reputation, darkened by previous network outages.

Now, the blockchain exhibits a thriving developer community, booming app usage, and Solana-based tokens.

With these factors, Solana has carved a unique lane in the blockchain industry.

SOL is trading at $138 after soaring 5% in the last 24 hours.

The altcoin lost nearly 30% of its value over the past month.

Meanwhile, Solana inflow confirms investors looking beyond price performance while prioritizing long-term potential.

Meanwhile, the latest ETF flow statistics highlight a split market.

Investors are now exploring crypto offerings beyond Bitcoin.

Institutional investors are no longer treating all cryptocurrencies the same.

They’re now evaluating every project based on solid catalysts, narratives, and momentum.



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Aerodrome Finance locks 609K AERO tokens in strategic buyback


Aerodrome Finance locks 609K AERO tokens in a strategic buyback
  • The project confirmed acquiring and locking 609,000 tokens today.
  • Its total buyback for November surpasses 3 million AERO.
  • The altcoin’s performance mirrors broader market downsides.

While uncertainty engulfed the overall crypto landscape, Aerodrome Finance has showcased its dedication to supporting and strengthening its native AERO.

The project has taken it to X to announce a significant buyback of 609,000 AERO tokens.

Meanwhile, this repurchase is part of Aerodrome’s programmatic strategy to react to fluctuating market conditions without compromising the altcoin’s tokenomics.

Aerodrome has completed buybacks of more than 3 million AERO this month, reflecting the team’s commitment to boosting investor confidence and token stability. The official X post read:

The Aerodrome Public Goods Fund has acquired and locked 609K AERO as part of its programmatic market-aware buyback, bringing total buybacks this month to 3M+.

Notably, the project’s Public Goods Fund oversees AERO’s buybacks and has been monitoring the alt’s performance while strategically accumulating and locking native assets to reduce supply and potentially boost demand.

Such an approach remains crucial to stabilize price actions and ensure investor confidence as digital assets see increased fluctuations.

Inside Aerodrome’s buybacks, so far

The latest purchase brings total buybacks for November to over 3 million AERO coins, reflecting a significant step toward strengthening the asset’s market status.

Moreover, the Public Goods Fund has accumulated and locked over 150 million tokens since its debut, leveraging initiatives like Relay programs, Flight School, and the PGF itself.

These programs aim to reduce supply pressure on AERO while rewarding loyal holders.

The predictable supply reduction guarantees a resilient ecosystem even during heightened volatility.

Market players often interpret such buybacks as an indicator of the team’s confidence in the project.

Aerodrome hits fresh volume milestone

The project followed the buyback announcement with another post reflecting impressive user activity.

Notably, Aerodrome has topped $200 billion in trading volume this year – an approximately three-times increase year-to-date.

Such a volume demonstrates Aerodrome’s rapid growth and increasing influence in the blockchain sector.

With strategic buybacks and ecosystem initiatives, Aerodrome is establishing itself as a serious player within the DeFi space.

Understanding Aerodrome Finance

Aerodrome Finance is a decentralized exchange and automated market maker (AMM) that serves as the primary liquidity on Coinbase’s Base project.

It facilitates streamlined token swaps by ensuring adequate liquidity.

AERO price outlook

Native AERO saw a brief rebound following the latest updates.

The cryptocurrency is trading at $0.7070, with a slight 1.47% uptick on the daily chart.

The surging trading volume reflects revived interest in the AMM.

Nevertheless, AERO has underperformed in recent sessions as sellers dominated the crypto landscape.

It lost nearly 25% of its value in the last 30 days.





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Grayscale launches first Dogecoin spot ETF in US


Investors Choose Chainlink and Remittix For Late August Rallies, But Dogecoin Falls Out Of Favor
  • Grayscale has listed its Dogecoin spot ETF in the United States.
  • GDOG will trade on the NYSE Arca, and analysts expect $12 million in debut volume.
  • The ETF, which tracks the leading memecoin, is one of many expected in the coming days.

Cryptocurrency asset manager Grayscale has launched the first spot Dogecoin exchange-traded fund in the United States.

The spot ETF, which began trading on the NYSE Arca under the ticker ‘GDOG’ on November 24, 2025, marks another milestone in the crypto market – particularly for memecoins.

GDOG marks the next step as more ETFs come to the US market, says senior ETF analyst Eric Balchunas.

Dogecoin spot ETF enters the US market

Grayscale’s Dogecoin spot ETF, GDOG, is live for investors, who can now buy shares of the product via their brokerage accounts.

Structured under the Securities Act of 1933, GDOG is a spot exchange-traded fund that directly holds physical Dogecoin tokens in secure custody rather than relying on derivatives or futures contracts.

GDOG will closely track the real-time market price of DOGE.

This means investors have transparent and efficient exposure to Dogecoin, without the complexities of direct cryptocurrency ownership, such as managing private keys or navigating exchange risks.

As it looks to attract early inflows, Grayscale has implemented an aggressive fee structure. The sponsor fee is set at 0.35% annually.

However, it will be fully waived to 0% for the first three months or until the fund reaches $1 billion in assets under management, whichever comes first.

Grayscale’s fee waiver will end on February 24, 2026.

Crypto enthusiasts and analysts predict potential for GDOG to attract both retail and institutional players eyeing the top memecoin.

According to senior Bloomberg ETF analyst Eric Balchunas, the debut performance of GDOG could see a first-day volume of $12 million.

DOGE price and more spot crypto ETFs

The US saw its first spot crypto ETFs launch in 2024, with Bitcoin and Ethereum.

Over the past few months, this offering has increased with the rollout of multiple funds.

Notably, the flurry is expected to accelerate following the SEC’s new listing standard, and could see more added to ETFs on Solana, Hedera, XRP and Litecoin.

Balchunas says GDOG will soon be followed by more, including nearly 100 over the next six months.

The launch comes as Dogecoin trades at $0.14 amid broader market turmoil.

Despite macroeconomic pressures and sector-wide sell-offs, DOGE price could see a bounce to $0.20 and higher in the coming days.

As well as the ETF buzz, other catalysts for DOGE could be a memecoin rally, treasury company purchases and broader altcoin market resilience.





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Pi Network price forecast: GCV and the Map of Pi 2.0 drive the narrative


Pi Network price forecast
  • Pi Network whale accumulation boosts PI coin despite Bitcoin and Ethereum losses.
  • Map of Pi 2.0 to enable real-world transactions with 140,000+ merchants.
  • Moderators debunk GCV, emphasising utility over speculative hype.

The Pi Network price has captured attention recently as the cryptocurrency steadily outperforms Bitcoin (BTC) and Ethereum (ETH) despite a broader market downturn.

While the wider crypto market struggles, PI coin has shown notable resilience, attracting growing investor interest and a surge in whale accumulation.

This renewed momentum coincides with key ecosystem developments, including the upcoming launch of Map of Pi 2.0 and ongoing discussions surrounding the controversial “Global Consensus Value” (GCV).

Pi Network price eyes breakout as whales step in

Pi Network (PI) has seen its value increase roughly 20% over the past month, in contrast to BTC and ETH, which have fallen 21% and 27%, respectively.

CryptoQuant summary data points to a major whale steadily accumulating PI coin, with purchases totalling over 2.4 million tokens in a single week, bringing the holder’s total stake to approximately 377 million PI, worth an estimated $91 million.

Such concentrated accumulation signals growing confidence in the token, particularly as technical indicators suggest bullish momentum.

The formation of a double-bottom pattern and the breakout from a falling wedge pattern have strengthened the case for a potential upward move toward $0.2920, marking the neckline of the double-bottom.

Market observers also highlight the role of regulatory clarity in bolstering Pi Network’s appeal.

The publication of a white paper advocating adherence to the Markets in Crypto-Assets Regulation (MiCA) positions PI coin favorably for potential European exchange listings.

Rumours about ISO alignment, though unverified, further contribute to investor optimism by suggesting that Pi Network could integrate with established financial standards.

Meanwhile, developers are promoting PI coin as a functional token for real-world applications, especially as it extends utility in artificial intelligence through its partnership with OpenMind.

GCV controversy and Map of Pi 2.0 shape sentiment

The debate over the “Global Consensus Value” has long stirred the Pi community.

Moderators have consistently rejected claims of a fixed, astronomical Pi price, such as the widely circulated figure of $314,159 per token.

These assertions, they argue, are misleading for new users and harmful to merchants attempting to price goods realistically.

By publicly denouncing GCV, the Core Team aims to protect the integrity of the ecosystem, especially during the Enclosed Mainnet phase, and steer attention toward legitimate development milestones.

Amid this backdrop, Map of Pi 2.0 emerges as a central driver of sentiment.

The upgraded platform, featuring over 140,000 verified Pi-accepting merchants and two million users, will introduce full on-chain payments, escrow functionality, multilingual support, and enhanced search tools.

By enabling secure, real-world transactions, Pi 2.0 emphasises practical utility over speculative hype, reinforcing Pi Network’s broader strategy of prioritising functional adoption rather than short-term price fluctuations.

PI price momentum and future outlook

Technical trends and market behaviour suggest that the Pi Network price may continue its upward trajectory if current support and momentum hold.

Momentum indicators, including the Relative Strength Index (RSI) and the MACD, point to increasing buying pressure, while whale accumulation adds a layer of credibility to the bullish thesis.

At the same time, the Pi Network team remains focused on building meaningful infrastructure, including AI-ready nodes and tools for developers, ensuring that utility and adoption remain the guiding principles behind growth.

While market speculation remains inevitable, the combination of whale activity, Map of Pi 2.0, and the debunking of GCV rumours creates a narrative centred on real-world application and investor confidence.

If PI price maintains its current trajectory, it may retest key resistance levels and continue outperforming major cryptocurrencies, offering a compelling case for both long-term users and new entrants interested in tangible use cases.





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Animoca Brands wins Abu Dhabi approval to launch regulated fund


Animoca Brands strengthens regulated presence in the UAE with new Abu Dhabi approval
  • Animoca must meet capital, compliance, and operational conditions before final approval.
  • The firm already secured in-principle approval for a crypto brokerage licence in Dubai in October.
  • Animoca’s portfolio spans more than 600 companies in web3 gaming, infrastructure, and digital rights.

Animoca Brands is taking a major step in its regulated expansion strategy as it secures initial approval to set up a fund management business in Abu Dhabi.

The move signals a deeper shift in how the company wants to operate across the Middle East, with a focus on building a structured, compliant base for its growing investment activities.

Abu Dhabi’s Financial Services Regulatory Authority granted the in-principle approval on November 24, giving the company a clear path toward full permission once it completes the required capital, compliance, and operational processes.

This early approval adds new direction to Animoca’s efforts to formalise its presence in a region that is fast becoming a centre for digital asset companies.

The firm sees the UAE as a growing market where regulated structures can attract both traditional investors and digital-native participants.

With operations already established in Dubai, the company is now tying its regional strategy to a framework that supports managed funds and institutional-grade products.

Investment expansion

The approval allows Animoca Brands to move closer to managing collective investment funds from within the UAE.

This is important for the business because it positions the firm to support institutional clients under a regulated environment.

Animoca already works across several areas of the web3 economy, including advisory services and investment activity, and it maintains a portfolio of more than 600 companies across gaming, infrastructure, digital property rights, and tokenised platforms.

A fund manager licence would give the company a structured base of operations for these investments, creating a unified location for regulated activities across its global network.

It also supports Animoca’s intention to build a wider footprint in markets where regulatory clarity is improving quickly.

By anchoring its investment work in Abu Dhabi, the firm is preparing for a future where compliant digital asset services will become more central to institutional adoption.

Regional licensing progress

Animoca Brands has been steadily expanding its regulatory presence in the Middle East.

In October, the firm secured in-principle approval for a crypto brokerage licence from Dubai’s Virtual Assets Regulatory Authority, allowing it to offer regulated trading services in the emirate.

The combination of approvals in both Abu Dhabi and Dubai shows how the company is shaping its regional strategy through recognised frameworks rather than informal or unregulated operations.

Alongside regulatory progress, Animoca is also working on tokenisation initiatives involving real-world assets.

A recent project involves a limited partnership fund developed with Hong Kong-listed DL Holdings, using the XRP Ledger to structure on-chain vehicles.

The company continues to add new programmes across education finance, token distribution, and web3 gaming, expanding the network of projects connected to its broader ecosystem.

Growing UAE digital assets focus

The UAE has become a priority destination for companies operating in the digital economy, and Animoca Brands is using this momentum to anchor its regulated activities in the region.

With clearer rules, new licensing pathways, and rising interest from global investors, the Middle East offers a strategic opportunity for businesses seeking compliant growth.

Animoca’s latest approval places the company at the centre of this shift as institutions look for regulated access to digital assets.

The firm’s chairman, Yat Siu, is scheduled to speak at the Global Blockchain Show 2025 in Abu Dhabi, highlighting the company’s role in regional discussions on digital asset development.

The new approval supports this engagement by giving Animoca a recognised path to expand its fund management and investment work as demand for regulated services continues to increase.



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